FxPro FAQ: clear answers to common questions
This FxPro FAQ gathers short answers to common questions about account types, funding, platforms and CFD trading. It is independent and not operated by the broker. The information is aimed at traders in Kenya.
Questions and answers
When was FxPro founded?
FxPro began in 2006, with headquarters in London. Clients are spread across more than 170 countries.
Is this website run by FxPro?
No. This website is independent and acts as an information and comparison resource for traders in Kenya. FxPro does not run it.
What is the minimum deposit at FxPro?
A live account can be funded with $100. The demo needs no deposit.
How do Raw+, cTrader and Standard accounts compare on cost?
At Raw+ and cTrader, spreads begin at 0.0 pips; commission is $3.50 per lot per side, or $7.00 for a round turn. Standard charges no commission, but its spread begins at 1.2 pips.
What is CFD trading at FxPro?
A CFD lets you take a position on whether an asset's price moves, using a Contract for Difference. The underlying instrument is not owned. FxPro offers this on cTrader, MetaTrader 4, MetaTrader 5 and FxPro Edge.
Which markets can I trade as CFDs at FxPro?
CFDs at FxPro cover Forex pairs, energies, metals, indices, futures, shares, ETFs and cryptocurrencies.
Is CFD trading risky?
Yes. Because CFDs use leverage, a loss may be greater than the margin first set aside. Risk-management tools, including stop-loss orders, are important for that reason.
Does FxPro have an office in Kenya?
No. Kenya-based traders are served by the international operation. There is no local branch; communication runs through FxPro Direct and the FxPro app.
Does FxPro offer cTrader?
Yes. cTrader sits among the main FxPro platforms, together with FxPro Edge, MetaTrader 4 and MetaTrader 5.
How do I connect FxPro to cTrader?
First have an FxPro cTrader account open. Install cTrader on the device you use, then sign in using the cTrader account number and the password shown in FxPro Direct.
Does the FxPro demo cost anything, and can it expire?
There is no charge, and the balance is virtual. FxPro calls the demo unlimited, though an account left alone for a long period may be archived; check the current terms.
How do I withdraw money from FxPro?
Requests are made in the Withdrawal section of FxPro Direct. The account must be verified first, and the amount cannot be more than the free margin available.