FxPro account types - account comparison and tips for use
To ensure that every trader can find the right trading environment for them, brokers try to provide a variety of platform and account options. At FxPro you will find different accounts: from standard accounts with fixed spreads to professional MT4 and MT5 accounts, VIP accounts with access to liquidity and of course demo accounts for risk-free practice. FxPro offers account opening services for different types of traders, for non-forex traders, for scalpers, for forex traders, traders with high deposits, for Muslim traders and even for companies. Let's take a look at the main FXPro account types so you can choose the right one for you.
Demo
A demo account is like a free simulator before you start trading with real money. It gives you the opportunity to practise trading the financial markets using virtual funds without risking real money.
- It is a great way for beginners to learn the basics of the market, try different strategies and develop their skills without financial risk.
- Demo accounts can also be useful for experienced traders to test new strategies or tools before applying them to FxPro real accounts.
Overall, demo accounts help traders become more confident and prepared for real trading.
How to register
How to register
To start using demo accounts, simply fill out the registration form with your basic details. You will not need to provide any identification documents or make deposits until you are ready to trade for real. After registration, a FxPro live account with a zero balance will be automatically created for you, which will be visible in your personal cabinet. And you can easily create a demo account right on the "Accounts" page in your personal cabinet.
Step 1: Register with FxPro - use our link and fill in the official registration form, specifying your country, email and password.
Step 2: In your personal cabinet "FxPro Direct" in the left menu select "Accounts" and then "Demo Account" tab - create a new account.
Step 3: Select the MT4, MT5, cTrader account type and its parameters: leverage size, currency, virtual funds balance and complete the account creation.
How it works
Why is a demo account an important advantage for forex brokers and traders? Its use is not a threat to your own money, providing a valuable chance to understand how the platform works and what special features you can use. It is also an opportunity to experiment with different trading strategies. Feel free to explore different tactics before you start working with real funds.
Features
Use the demo account on your PC, mobile device or web browser. This versatile solution offers many tools and is customised for every platform and account type.
- Interface:your trading will not be visually different from a live account, allowing you to get used to the platform.
- Real-time pricing:Trade at authentic real-time prices that reflect real account conditions, providing an authentic trading experience.
- Practice with Virtual Funds:Start honing your skills with up to $100,000 in virtual funds, allowing you to hone your trading strategies without risk.
- Choose a currency:Select one of the base currencies according to your preferences and needs.
- Convenient account funding:Easily top up virtual funds through your personal account whenever you need it to keep your workouts on track.
- Extended validity period:Each trial account is valid for 180 days, giving you plenty of time to hone your skills and strategies.
Limitations
Some margin or leverage parameters may differ between demo and live accounts, so trading results on a live account may vary. Trial accounts are designed primarily for training newbies or for experimenting with new trading strategies and are valid for 180 days. Please also note that only 70 positions can be opened on MT4 and MT5 demo accounts.
Pros and cons
Advantages:
- Experience real-time trading as you would on a live platform.
- Access to online courses designed for beginners.
- Stay up to date with the economic calendar and news.
- Free opening with no initial investment required.
- Explore all markets and assets available on live accounts.
- Try out different account types including Spread betting.
- Risk of forming unrealistic trading expectations when moving to live accounts.
- Possible discrepancy in reflecting real market volatility and risks.
Trading account
With over 2000+ CFDs in 6 different classes, professional execution and the best online trading tools, you are guaranteed to get what you have been looking for in our platforms and accounts for a long time. Expert Advisors are fully compatible with FxPro MT4 and FxPro MT5 platforms, and cTrader Automate can be used on cTrader platform.
Here are the main differences between each account type.
MT4
MT4 is a classic and versatile trading platform that allows trading on both desktop and mobile computers. Known for its charting and automated trading features, MT4 remains the primary choice among global traders.
Creating a new account follows the same algorithm as in your personal account. You only need to select the type of account. To open an MT4 account, you need to:
- Register using the link on the page.
- In your personal cabinet, select the "Accounts" tab - "Real account" and then "Create a new account".
- Select MT4 account type and fill in the account parameters.
Trusted by millions of traders around the world, the MT4 platform combines reliability and performance. Its clear and customisable interface, prof features and 24/7 availability provide a competitive advantage in today's dynamic marketplace. When opening an MT4 account you can choose your account type: Standard, Raw+, Elite.
The MT4 platform provides a powerful set of features:
- Technical analysis capabilities with 9 time periods from 1 minute to 1 month.
- Automated trading with Expert Advisors (EA).
- Over 30 indicators including MACD, RSI and Bollinger Bands for comprehensive analysis.
- Ability to add your own metrics for unique analyses.
- MQL4 programming language for trade automation
- 4 types of orders: pending, stop loss, take profit.
This powerful platform bridges the gap between manual and algorithmic trading, giving traders a better experience.
The platform does not have any limitations. However, if you compare it to MT5, for example, MT4 offers 4 order types while MT5 offers 6. In addition, MT4 has fewer indicators and timeframes. Having said all that, the MT4 platform is still the best option for many people as it offers the whole basic set of features and has been proven over the years.
FxPro MT4 offers a number of significant advantages that make it the choice of millions of traders:
- The MT4 platform has established itself as the standard for reliability and high performance for many years. Millions of traders trust it with their trades.
- MT4 offers a simple and straightforward interface that allows beginners to get up to speed quickly, but also provides flexibility and customizability for experienced traders.
- Within one platform you will find all the tools you need to trade successfully, including manual and automated trading options.
- MT4 offers both manual trading and Expert Advisors, allowing traders to choose the approach that best suits their strategy.
Despite the many advantages, there are some disadvantages:
- Compared to MT5, MT4 offers a limited set of technical indicators, which can be a disadvantage for traders who actively use technical analysis.
- For some users, the MT4 interface may seem complicated or confusing due to its multifunctionality, however, with practice, most traders quickly master its features.
MT5
Try new online trading opportunities with the MT5 account, an modern platform that has surpassed MT4 in terms of functionality and gained the same trust among users.
- Register using the link on the page.
- In FxPro Direct, select the "Accounts" - "Real account" and "Create a new account".
- Select MT5 account type and fill in the account parameters.
- Hedging
- Hedging Elite
- Hedging Raw +
- Netting
- Netting Elite
- Netting Raw +
- 1Powerful analytics:Over 35 indicators, 44 analytical tools for in-depth technical analysis.
- 2Automation and customisation:Use your own scripts and robots using MetaQuotes Language 5 for full trade automation, DOM (Market Depth).
- 3Flexible order management:Support for 6 types of pending orders, as well as the ability to close positions using pending Stop Losses/Take Profits, Trailing Stop.
- 4Educational and analytical resources:The economic calendar, analytical tools and demo account will help you learn the platform and improve your strategies.
- 5Experts and Social Trading:Simplified social trading and the ability to use expert advisors to strategically exchange views with other traders.
- 6Real-time updates and notifications:Timely news updates and customisable notifications right on the platform.
Optimise your strategy by downloading МТ5 for PC and get access to a full set of professional tools.
- Superior software:Using advanced technology to execute orders with minimal latency.
- Versatility:Providing a variety of analysis tools for traders.
- Automated Trading:Ability to use Expert Advisors (EAs) and robots for automated strategies.
- Mobile Apps:Full access to the markets via iOS and Android mobile devices.
- Safety and Security:Licensing, regulation and protection of client funds.
- Educational Resources:Lots of useful materials and analyses for traders of all levels.
- Demo accounts may not include all the tools available on live accounts.
- Some conditions may include commissions that should be considered.
- The ability to use various strategies with Expert Advisors involves a high level of risk, especially when trading with leverage.
cTrader
- Register using the link provided on the page.
- Go to FxPro Direct and select the "Accounts" section, then select "Real Account" and "Create New Account".
- Select the cTrader account type and fill in the required details.
Download the cTrader platform to your PC from the FxPro page.
Enter your login and password on the platform and the account you want to open will open.
Enjoy a variety of advanced technical tools in the cTrader platform, which utilises the cTID (cTrader ID) login feature. This feature allows traders to easily access and manage multiple linked accounts using a single set of credentials, with account settings automatically synchronised. Download the platform today for free and unlock these tools as well as other exclusive benefits through your cTrader account.
- Supports copying trades: With cTrader's copying feature, traders can easily copy trades from successful traders, allowing less experienced traders to benefit from others' experience.
- Suitable for different strategies: Whether you are into technical trading, day trading or copy trading, cTrader is efficient and versatile enough to support a wide range of trading tactics.
- Access to 55+ preset technical indicators.
- Fully customisable platform with 6 chart types and 28 timeframes.
- Level 2 Market Depth (DoM) and market sentiment analysis.
- Additional pending order types.
- Instant 1-click trading and trading directly from charts.
- Order protection mechanisms.
- Integration of custom bots and indicators.
- Stay up-to-date with news feeds and an integrated economic calendar.
Advantages:
- Professional features, including copy trading and automated trading.
- Accessibility: The platform is available via web browser, mobile application, and desktop application.
- Comprehensive tools and settings: The platform offers a wide range of trading tools and settings.
Unlimited demo account for training.
Responsive support service and detailed tutorials for beginners.
- The platform is designed for ease of use, but traders accustomed to other platforms may need to adapt to its specific interface and tools.