Deposit Process

1. Register for a FxPro Direct Account: Start by registering a FxPro Direct account using your email address and password. This is the first step in your funding process.

2. Log In and Navigate to “Wallet”: Once you have successfully logged in, go to the “Wallet” section. This is the central hub for managing your funds.

3. Select the “Deposit” Option: In the “Wallet” page, choose the “Deposit” option to initiate the deposit process.

4. Choose Payment Method and Enter Amount: On the deposit page, you will see various convenient payment methods. Select your preferred method and enter the amount you wish to deposit.

5. Confirm and Complete the Payment: Provide the required payment details and follow the on-screen instructions to confirm the payment. Once approved, the deposited amount will be reflected in your FxPro electronic wallet balance or the specified trading account.

Client Funds Security

Ensuring the safety of client funds is FxPro’s top priority. All client funds are held in segregated individual bank accounts in leading European banks, separate from the company’s own funds, ensuring they are never used for any other purpose.

Regarding compensation plans, FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS), and FxPro Financial Services Limited is part of the Investor Compensation Fund (ICF).

Advantages of the FxPro Wallet

The FxPro Wallet is a vital risk management tool that serves as a central hub for fund transfers. One of the main advantages of depositing funds into the FxPro Wallet instead of directly into your trading account is the additional security it provides. Deposited funds in the Wallet are protected from any open positions in your trading account.Additionally, the FxPro Wallet simplifies the fund management process, allowing clients greater flexibility in transferring and managing their funds.

The FxPro Wallet supports multiple currencies, including Euros, US Dollars, British Pounds, and others, depending on your jurisdiction. To avoid extra conversion fees, it is recommended to match the currency of your FxPro Wallet with your deposit and withdrawal currencies. FxPro offers competitive exchange rates, ensuring that clients can transfer funds at the best possible rates.

Processing Time of Deposit and Withdrawal

Deposit

The processing times for different deposit methods vary:

• International Bank Transfer: Approximately 3-5 business days, depending on your bank.
• SEPA and Local Bank Transfer: Typically completed within the same business day.
• Credit/Debit Cards, PayPal, Neteller, Skrill, and other payment methods: Approximately 10 minutes.

Withdrawal

Withdrawal requests are typically processed within regular business hours. The specific processing time depends on the chosen withdrawal method:

• Card Withdrawals: Approximately 5-7 business days.
• International Bank Transfer: Approximately 3-5 business days.
• SEPA and Local Bank Transfer: Typically completed within the same business day.
• Electronic Wallet Transfers (e.g., PayPal, Neteller, Skrill): Usually completed within one business day.

Considerations

• Withdrawal Order: Recent card deposits should be withdrawn to the same card first. After refunding to the card, PayPal and Skrill deposits can be withdrawn via bank transfer or other electronic wallets previously used for deposits.
• Fees: FxPro does not charge any fees for deposits or withdrawals. However, some banks may impose transfer fees. Please check with your bank for detailed information.
• Currency Exchange Fees: If the currency you deposit into your FxPro wallet differs from the currency used in your trading account, currency exchange fees may apply. It is recommended to use the same currency for deposits and withdrawals as your trading account to avoid additional fees.

Recommended Deposit Amounts

FxPro accepts major credit/debit cards, including Visa and MasterCard. The recommended initial deposit amount is $1,000, but you can deposit up to $100 per transaction.

FAQs

• Risk of Overdraft: FxPro provides negative balance protection, ensuring that clients’ losses do not exceed their total deposits.
• Security of Funds: Client funds are held separately from the company’s own funds in leading European banks, protected under the FSCS and ICF schemes.
• Currency and Conversion Issues: It is advised to match the FxPro Wallet currency with your deposit and withdrawal currencies to avoid conversion fees.

FxPro offers a comprehensive deposit and withdrawal system, allowing traders to focus on their trading activities without the hassle of managing administrative details. For more information, visit the FxPro official website or contact their support team.