FxPro Account

How to Register on FxPro

How to Register a FxPro Account [Web]

How to register an account

First, visit the FxPro homepage and select "Register" to begin the account registration process.

You will immediately be directed to the account registration page. On the first registration page, please provide FxPro with some basic information, including:

• Country of residence.

• Email.

• Your password (Please note that your password must meet certain security requirements, such as having at least 8 characters, including 1 uppercase letter, 1 number, and 1 special character).

After providing all the required information, select "Register" to continue.

On the next registration page, you will provide information under "Personal Details" with fields such as:

• First name.

• Last name.

• Date of Birth.

• Your mobile number.

After completing the form, select "Save and Continue" to proceed.

The next step is to specify your nationality under the "Nationality" section. If you have more than one nationality, check the box I have more than one nationality and select the additional nationalities. Then,  select "Save and continue" to proceed with the registration process.

On this page, you must provide FxPro with information about your Employment Status and Industry in the Employment Information Section. Once you finish, click "Save and continue" to move to the next page.

On this page, you will need to provide FxPro with some information about Financial Information such as:

• Annual Income.

• Estimated Net Worth (excluding your primary residence).

• Source of Wealth.

• How much do you expect to fund in the next 12 months?

After completing the information fields, select "Save and continue" to complete the registration process.

Congratulations on successfully registering an account with FxPro. Don’t hesitate any longer—start trading now!

How to create a new trading account

To create additional trading accounts, on the main interface of FxPro, select the Accounts section on the left side of the screen and then click the "Create new account" button to start creating new trading accounts.

To create new trading accounts, you will need to select the following necessary information:

• The Platform (MT4/ cTrader/ MT5).

• The Account Type (this may vary according to the trading platform you choose in the previous field).

• The Leverage.

• The Account Base Currency.

After completing the required fields, select the "Create" button to finish the process.

Congratulations! You have created new trading accounts with FxPro with just a few simple steps. Join now and experience the dynamic market.

How to Register a FxPro Account [App]

Set up and Register

First, open the App Store or Google Play on your mobile device, then search for "FxPro: Online Trading Broker" and download the app.

After installing the app, open it and select "Register with FxPro" to begin the account registration process.

You will be redirected to the account registration page right away. On the initial registration page, you need to provide FxPro with some essential details, including:

• Your country of residence.

• Your email address.

• A password (Make sure your password meets security criteria, such as being at least 8 characters long and including 1 uppercase letter, 1 number, and 1 special character).

Once you have entered all the necessary information, click "Register" to proceed.

On the subsequent registration page, you will need to fill out the "Personal Details" section, which includes fields for:

• First name.

• Last name.

• Date of Birth.

• Contact number.

After filling out the form, click "Next step" to move forward.

In the following step, indicate your nationality in the "Nationality" section. If you hold multiple nationalities, check the box for "I have more than one nationality" and select the additional nationalities.

Afterward, click "Next step" to advance in the registration process.

On this page, you need to provide FxPro with details about your Employment Status and Industry.

Once you have completed this, click "Next step" to proceed to the next page.


Congratulations on nearly completing the account registration process with FxPro on your mobile device!

Next, you will need to provide information about your Financial Status. Please tap "Next" to proceed.

On this page, you’ll need to provide FxPro with details about your Financial Information, including:

• Annual Income.

• Estimated Net Worth (excluding your primary residence).

• Source of Wealth.

• Expected funding amount for the next 12 months.

Once you’ve filled out the information, click "Next step" to finalize the registration process.



After completing the survey questions in this section, select "Next step" to finish the account registration process.

Congratulations on successfully registering your account! Trading is now easy with FxPro, allowing you to trade anytime, anywhere with your mobile device. Join us now!

How to create a new trading account

First, to create new trading accounts in the FxPro mobile app, select the "REAL" tab (as shown in the descriptive image) to access your trading account list.

Then, tap the + icon at the top right corner of the screen to create new trading accounts.

To set up new trading accounts, you’ll need to choose the following details:

• The Platform (MT4, cTrader, or MT5).

• The Account Type (which may vary based on the chosen platform).

• The Leverage.

• The Account Base Currency.

After filling in the required information, click the "Create" button to complete the process.

Congratulations on completing the process! Creating new trading accounts on the FxPro mobile app is easy, so don’t hesitate—start experiencing it now.

Frequently Asked Questions (FAQ)

Can I open a corporate account?

You can open a trading account on your company name via our usual sign-up procedure. Please enter the personal details of the person who will be the authorized representative and then log into FxPro Direct to upload official company documentation such as a certificate of incorporation, articles of association, etc. Once we receive all necessary documents, our Back Office Department will review them and assist in the completion of the application.
 

Can I open more than one account with FxPro?

Yes, FxPro allows up to 5 different trading accounts. You may open additional trading accounts via your FxPro Direct.
 

What base currencies can I open an account in?

Clients of FxPro UK Limited may open a trading account in USD, EUR, GBP, AUD, CHF, JPY, and PLN.

Clients of FxPro Financial Services Limited FxPro Global Markets Limited may open a trading account in EUR, USD, GBP, AUD, CHF, JPY, PLN, and ZAR.

It is recommended that you select a Wallet currency in the same currency as your deposits and withdrawals to avoid any conversion fees, however, you can select different base currencies for your Trading Accounts. When transferring between a Wallet and an account in a different currency, a live conversion rate will be displayed to you.
 

Do you offer swap-free accounts?

FxPro offers swap-free accounts for religious purposes. However, fees may be applied once trades on certain instruments are open for a specific number of days. To apply for a swap-free account, please send an email request to our Back Office Department at [email protected]. For further details on FxPro swap-free accounts, please contact our Customer Support.
 

Can I open a joint account?

Yes. To open a joint account, each person must first open an individual FxPro account and then fill out a Joint Account Request Form which can be obtained by contacting our Back Office Department at [email protected].

Please note that joint accounts are only available to married couples or first-degree relatives.
 

How many trading accounts can I open in the FxPro App?

You can create up to five live trading accounts with different settings in the FxPro App. They can be in different currencies and on various platforms.

Simply select one of the available trading platforms (MT4, MT5, cTrader, or the integrated FxPro platform), and choose the preferred leverage and account currency (AUD, CHF, EUR, GBP, JPY, PLN, USD, or ZAR). You can also transfer funds between the accounts using your FxPro Wallet.

For newcomers, FxPro provides comprehensive instructions on how to install the MT4, MT5, and cTrader applications with direct links to AppStore and Google Play.

Please note, that if you need additional accounts (including a Demo account), you can open them through FxPro Direct Web or by contacting our Customer Service Team.

How to Trade on FxPro

How to place a New Order on FxPro MT4

Initially, please download and log in to your FxPro MT4. If you don’t know how to do so, please refer to this article with detailed and simple instructions: How to Login to FxPro

Please right-click on the chart, then click “Trading” and select “New Order” or double-click on the currency you want to place an order on in MT4, then the Order window will appear.
Symbol: Ensure that the currency symbol you wish to trade is displayed in the symbol box.

Volume: Decide the size of your contract. You can either click the arrow to choose the volume from the drop-down options or left-click in the volume box and type in the desired value. Remember that your contract size directly impacts your potential profit or loss.

Comment: This section is optional, but you can use it to add comments to identify your trades.

Type: The type is set to Market Execution by default:

• Market Execution: Executes orders at the current market price.

• Pending Order: Allows you to set a future price at which you intend to open your trade.

Finally, choose the order type to open — either a sell or a buy order:

• Sell by Market: Opens at the bid price and closes at the ask price. This order type may bring profit if the price goes down.

• Buy by Market: Opens at the asking price and closes at the bid price. This order type may bring profit if the price goes up.

Once you click on either Buy or Sell, your order will be processed immediately. You can check the status of your order in the Trade Terminal.

How to place a Pending Order on FxPro MT4

How Many Pending Orders

Unlike instant execution orders, where trades are placed at the current market price, pending orders allow you to set orders that will be executed once the price reaches a specific level chosen by you. There are four types of pending orders, which can be grouped into two main categories:

• Orders expecting to break a certain market level.

• Orders are expected to bounce back from a certain market level.

Buy Stop

This order allows you to set a buy order above the current market price. For example, if the current market price is $20 and you set a Buy Stop at $22, a buy (or long) position will be opened once the market reaches $22.

Sell Stop

This order allows you to set a sell order below the current market price. For instance, if the current market price is $20 and you set a Sell Stop at $18, a sell (or short) position will be opened once the market reaches $18.

Buy Limit
 
This order is the opposite of a Buy Stop, allowing you to set a buy order below the current market price. For example, if the current market price is $20 and you set a Buy Limit at $18, a buy position will be opened once the market reaches the $18 level.

Sell Limit

This order allows you to set a sell order above the current market price. For instance, if the current market price is $20 and you set a Sell Limit at $22, a sell position will be opened once the market reaches the $22 level.
 

Opening Pending Orders

You can open a new pending order by double-clicking on the name of the market in the Market Watch module. This will open the new order window, where you can change the order type to "Pending Order".

Next, choose the market level at which the pending order will be activated and set the position size based on the volume.

If needed, you can also set an expiration date (Expiry). Once you have configured all these parameters, select the desired order type based on whether you want to go long or short and whether you’re using a stop or limit order. Finally, click the "Place" button to complete the process.

Pending orders are powerful features of MT4. They are especially useful when you can’t constantly monitor the market for your entry point or when the price of an instrument changes quickly, ensuring you don’t miss the opportunity.

How to close Orders on FxPro MT4

To close an open position, click the "x" in the Trade tab of the Terminal window.

Alternatively, right-click the line order on the chart and select "Close".

If you want to close only a part of your position, right-click on the open order and select "Modify". In the Type field, choose instant execution and specify the portion of the position you want to close.

As you can see, opening and closing trades on MT4 is very intuitive and can be done with just one click.
 

Using Stop Loss, Take Profit, and Trailing Stop on FxPro MT4

One of the keys to long-term success in financial markets is effective risk management. Therefore, incorporating stop losses and taking profits into your trading strategy is essential.

Let’s explore how to use these features on the MT4 platform to help you limit risk and maximize your trading potential.
 

Setting Stop Loss and Take Profit

The simplest way to add a Stop Loss or Take Profit to your trade is by setting it up when placing new orders.

To set a Stop Loss or Take Profit when placing a new order, simply enter your desired price levels in the Stop Loss and Take Profit fields. The Stop Loss will automatically trigger if the market moves against your position, while the Take Profit will trigger when the price reaches your specified target. You can set the Stop Loss level below the current market price and the Take Profit level above it.

Remember, a Stop Loss (SL) or Take Profit (TP) is always linked to an open position or a pending order. You can adjust these levels after opening a trade while monitoring the market. Although they are not mandatory when opening a new position, adding them is highly recommended to protect your trades.
 

Adding Stop Loss and Take Profit Levels

The easiest way to add SL/TP levels to an already open position is by using the trade line on the chart. Simply drag and drop the trade line up or down to your desired level.

Once you’ve set the SL/TP levels, the SL/TP lines will appear on the chart, allowing you to easily modify them as needed.

You can also adjust SL/TP levels from the bottom "Terminal" module. To do this, right-click on your open position or pending order and select "Modify" or "Delete" order.

The order modification window will appear, allowing you to enter or adjust SL/TP levels either by specifying the exact market price or by defining the points range from the current market price.

Trailing Stop

Stop Losses are designed to limit losses when the market moves against your position, but they can also help you lock in profits.

While it may seem counterintuitive, this concept is easy to understand. For example, if you’ve opened a long position and the market moves favorably, making your trade profitable, you can move your original Stop Loss (set below your open price) to your open price to break even, or even above the open price to secure a profit.

To automate this process, you can use a Trailing Stop. This tool is particularly useful for managing risk when price movements are rapid or when you can’t constantly monitor the market. As soon as your position becomes profitable, the Trailing Stop will automatically follow the price, maintaining the previously set distance.

Please remember that your trade must be profitable by a sufficient amount for the Trailing Stop to move above your open price and guarantee a profit.

Trailing Stops (TS) are linked to your open positions, but keep in mind that MT4 needs to be open for the Trailing Stop to be executed successfully.

To set a Trailing Stop, right-click the open position in the "Terminal" window and specify your desired pip value for the distance between the TP level and the current price in the Trailing Stop menu.

Your Trailing Stop is now active, meaning it will automatically adjust the stop loss level if the price moves in your favor.

You can easily disable the Trailing Stop by selecting "None" in the Trailing Stop menu. To quickly deactivate it for all open positions, choose "Delete All".

MT4 offers multiple ways to protect your positions quickly and efficiently.

While Stop Loss orders are effective for managing risk and keeping potential losses in check, they don’t offer 100% security.

Stop losses are free to use and help protect your account from adverse market moves, but they cannot guarantee execution at your desired level. In volatile markets, prices may gap beyond your stop level (jump from one price to the next without trading in between), which can result in a worse closing price than expected. This is known as price slippage.

Guaranteed Stop Losses, which ensure your position is closed at the requested Stop Loss level without the risk of slippage, are available for free with a basic account.

Frequently Asked Questions (FAQ)

Currency Pair, Cross Pairs, Base Currency, and Quote Currency

Currency pairs represent the exchange rate between two currencies in the foreign exchange market. For example, EURUSD, GBPJPY, and NZDCAD are currency pairs.

A currency pair that does not include USD is referred to as a cross pair.

In a currency pair, the first currency is known as the "base currency," while the second currency is called the "quote currency."
 

Bid Price and Ask Price

The Bid Price is the price at which a broker will buy the base currency of a pair from the client. Conversely, it is the price at which clients sell the base currency.

The Ask Price is the price at which a broker will sell the base currency of a pair to the client. Similarly, it is the price at which clients buy the base currency.

Buy orders are opened at the Ask Price and closed at the Bid Price.

Sell orders are opened at the Bid Price and closed at the Ask Price.
 

Spread

The spread is the difference between the Bid and Ask prices of a trading instrument and is the primary source of profit for market maker brokers.

The spread value is measured in pips.FxPro provides both dynamic and stable spreads across its accounts.
 

Lot and Contract Size

A lot is a standard unit size of a transaction. Generally, one standard lot equals 100,000 units of the base currency.

Contract size refers to the fixed amount of base currency in one lot. For most forex instruments, this is set at 100,000 units.
 

Pip, Point, Pip Size, and Pip Value

A point represents a price change in the 5th decimal place, while a pip signifies a price change in the 4th decimal place.

In other words, 1 pip equals 10 points.

For example, if the price moves from 1.11115 to 1.11135, the change is 2 pips or 20 points.

Pip size is a fixed number that indicates the position of the pip in the instrument’s price. For most currency pairs, such as EURUSD, where the price is displayed as 1.11115, the pip is at the 4th decimal place, so the pip size is 0.0001.

Pip Value represents the monetary gain or loss for a one-pip movement. It is calculated using the formula:

Pip Value = Number of Lots x Contract Size x Pip Size.

Our trader’s calculator can help you determine these values.
 

Leverage and Margin

Leverage is the ratio of equity to borrowed capital and directly affects the margin required for trading an instrument. FxPro provides up to 1
leverage on most trading instruments for both MT4 and MT5 accounts.

Margin is the amount of funds held in the account currency by a broker to keep an order open.

Higher leverage results in a lower margin requirement.
 

Balance, Equity, and Free Margin

Balance is the total financial result of all completed transactions and deposit/withdrawal operations in an account. It represents the amount of funds available before opening any orders or after closing all open orders.

The balance remains unchanged while orders are open.

When an order is opened, the balance combined with the profit or loss of the order equals Equity.

Equity = Balance +/- Profit/Loss

Part of the funds is held as a Margin when an order is open. The remaining funds are referred to as Free Margin.

Equity = Margin + Free Margin
Balance is the total financial result of all completed transactions and deposit/withdrawal operations in an account. It represents the amount of funds available before opening any orders or after closing all open orders.

The balance remains unchanged while orders are open.

When an order is opened, the balance combined with the profit or loss of the order equals Equity.

Equity = Balance +/- Profit/Loss

Part of the funds is held as a Margin when an order is open. The remaining funds are referred to as Free Margin.

Equity = Margin + Free Margin
 

Profit and Loss

Profit or Loss is determined by the difference between the closing and opening prices of an order.

Profit/Loss = Difference between closing and opening prices (in pips) x Pip Value

Buy orders profit when the price rises, whereas Sell orders profit when the price falls.

Conversely, Buy orders incur a loss when the price drops, while Sell orders lose when the price increases.
 

Margin Level, Margin Call, and Stop Out

The Margin Level represents the ratio of equity to margin, expressed as a percentage.

Margin Level = (Equity / Margin) x 100%

A Margin Call is a warning issued in the trading terminal, indicating that additional funds need to be deposited or positions need to be closed to prevent a stop-out. This alert is triggered when the Margin Level reaches the Margin Call threshold set by the broker.

A Stop Out occurs when the broker automatically closes positions once the Margin Level drops to the Stop Out level established for the account.
 

How to check your trading history

To access your trading history:

From Your Trading Terminal:

• MT4 or MT5 Desktop Terminals: Navigate to the Account History tab. Note that MT4 archives history after a minimum of 35 days to reduce server load, but you can still access your trading history through log files.

• MetaTrader Mobile Applications: Open the Journal tab to view the history of trades performed on your mobile device.

From Monthly/Daily Statements: FxPro sends account statements to your email daily and monthly (unless unsubscribed). These statements include your trading history.

Contacting Support: Reach out to the Support Team via email or chat. Provide your account number and secret word to request account history statements for your real accounts.
 

Is it possible to lose more money than I deposited?

FxPro offers Negative Balance Protection (NBP) for all clients, regardless of their categorization jurisdiction, thereby ensuring that you cannot lose more than your total deposits.

For more details please refer to our ‘Order Execution Policy’.

FxPro also provides a stop-out level, which will cause trades to be closed when a certain margin level % is reached. The stop-out level will depend on the account type and jurisdiction under which you are registered.
 

Conclusion: Streamlined Forex Trading Journey with FxPro

Starting your forex trading journey on FxPro is a seamless experience, with a straightforward registration process and comprehensive trading tools at your disposal. Once registered, you can immediately begin trading, making the most of FxPro’s reliable and user-friendly platform. This efficient setup ensures that you are well-equipped to explore and capitalize on forex trading opportunities from the very beginning.