Funding your FxPro account is a straightforward process, designed to allow traders to start their trading activities with minimal hassle.

Here’s a detailed guide on how to do it and some frequently asked questions about deposits and withdrawals.

How to Fund Your Account

To fund your FxPro account:

1. Sign in to FxPro Direct using your email and password.
2. Once logged in, navigate to the “Wallet” section and select the “Deposit” option.
3. At this point, a selection of convenient payment methods will be presented to you. FxPro ensures that both deposits and withdrawals are processed without any commissions from its side.
4. After choosing your preferred payment method, enter the amount you want to deposit. Provide the required payment details and follow the on-screen instructions to confirm the payment.
5. Once the payment is approved, the deposited amount will reflect in your FxPro Wallet balance or the designated trading account. You can check the details of this transaction in your Transaction History.
6. With the funds now in your account, you can transfer them to your trading account and commence your trading activities.

Make a deposit to FxPro

Safety and Security of Client Funds

Safety of client funds is a top priority for FxPro. All client funds are held separately from the company’s own funds in individual bank accounts at major European banks. By doing so, it ensures that client funds are never used for any other purpose.

In terms of compensation schemes, FxPro UK Limited is affiliated with the Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Investor Compensation Fund (ICF).

Go to FxPro’s Official Website

FxPro Wallet: What is it and Why Use it?

The FxPro Wallet is a unique risk management tool. Think of it as a central hub where you can transfer money to all your trading accounts with just a few clicks. One of the primary benefits of depositing funds into the FxPro Wallet, instead of directly into your trading accounts, is the security it offers. Your deposited funds remain protected from any open positions in your trading account.

For depositing funds, they are automatically credited to your FxPro Wallet. You can transfer money between your FxPro Wallet and trading accounts whenever you wish. Simply log into your FxPro Direct, select ‘Deposit Funds’ or ‘Wallet’, and pick your preferred payment method.

When it comes to withdrawals, the process is similar. Log into your FxPro Direct, and select either ‘Withdraw’ or ‘Wallet’. Remember that the funds must first be transferred to your FxPro Wallet for the withdrawal to be successful. Also, keep in mind FxPro’s withdrawal policy: you must use the same method for withdrawals as you did for deposits. Exceptions apply if the deposit method has been fully refunded or its refund limits have expired. In such cases, the bank wire method or a previously-used e-wallet can be utilized to withdraw profits.

Log in to FXPro Wallet

Available Currencies and Conversion Rates

Your FxPro Wallet can be held in various currencies such as EUR, USD, GBP, CHF, JPY, PLN, AUD, and ZAR. The specific currencies available depend on your jurisdiction. It’s recommended that your FxPro Wallet’s currency aligns with your deposits and withdrawals to avoid any conversion fees. If you need to make a transfer from your FxPro Wallet to a trading account with a different currency, the conversion will be done based on the platform rates.

FxPro offers highly competitive exchange rates. For deposits and withdrawals involving an external funding source (like your credit card), funds are converted using the daily bank rate. For transfers between your FxPro Wallet and a different currency trading account, the conversion rate will be displayed at the time of confirmation.

If you inadvertently opened your FxPro Wallet in an unsuitable currency, you can reach out to the Back Office Department to address the oversight.

Open an account with FxPro

Deposits, Withdrawals, and Processing Times

Depending on the deposit method, the processing times vary:

• International Bank Transfer: Approximately 3-5 business days, contingent on your bank.
• SEPA and local transfers: Typically within the same business day.
• Other payment methods: Roughly 10 minutes.

It’s important to remember that all transactions are funneled through the Wallet. Hence, when transferring funds directly to a trading account with a different currency than your wallet, currency conversion may be applied.

Withdrawals, on the other hand, are processed within a few hours during normal working hours. If requested outside of these hours, they will be processed the next working day. The reflection time post-processing depends on the withdrawal method:

• Card withdrawals: About 5-7 working days.
• International Bank Transfers: Approximately 3-5 business days.
• SEPA and local transfers: Typically within the same business day.
• E-Wallets transfers: Usually within one working day.

When it comes to withdrawal methods, any recent deposits made via card should be withdrawn to the same card first. After refunding card, PayPal, and Skrill deposits, you can then withdraw via bank wire or another e-wallet that was previously used to deposit funds.

It’s worth noting that FxPro does not levy any charges on deposits or withdrawals. However, some banks may impose fees on transfers.

Deposit Funds to FxPro

Accepted Credit/Debit Cards and Recommended Deposits

FxPro acknowledges most major Credit/Debit cards, including Visa, Visa Electron, Visa Delta, MasterCard, Maestro International, and Maestro UK. The recommended initial deposit amount is 1000 USD, but you can deposit as little as 100 USD each time.

If your card deposit is declined, ensure that you haven’t exceeded transaction limits, that the card is valid, and that all card details were correctly entered.

Go to FxPro’s Official Website

FAQs about fundings with FXPro

How do I fund my FxPro account?

1. Sign in to FxPro Direct with your credentials.
2. Access the “Wallet” section and click “Deposit”.
3. Choose a payment method and specify the desired deposit amount.
4. Follow the on-screen instructions to complete the deposit.

Funds will appear in your FxPro Wallet or specified trading account.

Is it possible to lose more money than I deposited in FxPro?

No. FxPro offers Negative Balance Protection ensuring clients can’t lose more than their total deposits. Also, trades may be closed automatically if a certain margin level percentage is reached.

How does FxPro ensure the safety of client funds?

Client funds are segregated from the company’s own funds in major European banks. FxPro UK Limited is part of the Financial Services Compensation Scheme, and FxPro Financial Services Limited is a member of the Investor Compensation Fund.

Which payment methods can I use to deposit funds?

Options include Bank Wire transfers, Credit/Debit cards, PayPal, Neteller, Skrill, and other country-specific methods. Check the official website for complete details.

What is the FxPro Wallet and its benefits?

The FxPro Wallet is a central account to transfer money to other trading accounts. It ensures that deposited funds are safe from any open trading positions.

How can I withdraw funds from my FxPro Wallet?

Log in to FxPro Direct and select ‘Withdraw’ or ‘Wallet’. Remember to withdraw using the same method you deposited with, unless exceptions apply.

Can I change the currency of my FxPro Wallet?

Ideally, your FxPro Wallet should match your deposit and withdrawal currency to avoid conversion fees. If an error occurs, contact the Back Office Department.

How are currency conversions handled?

For external source transactions, conversions use the daily bank rate. Transfers between your FxPro Wallet and a different currency trading account use the rate displayed upon confirmation.

What is the processing time for withdrawals and deposits?

Withdrawals usually process within a few hours during working hours. International Bank Transfers for withdrawals can take 3-5 business days. Deposits via International Bank Transfer can take 3-5 business days, while most other methods are approximately 10 minutes.

Are there any fees associated with deposits and withdrawals?

FxPro doesn’t charge fees for deposits or withdrawals. However, some banks may have their own fee structures for bank transfers. E-wallet withdrawals might have fees if you haven’t traded. Check the funding page for details.

FxPro’s comprehensive deposit and withdrawal system ensures that traders can focus on their trading activities without being bogged down by administrative details. With multiple funding methods and robust safety measures, clients can trade with peace of mind. If ever in doubt, always refer to FxPro’s official website or reach out to their support team for further guidance.