FxPro Minimum Deposit for Malaysia
FxPro does not impose a mandatory minimum deposit on live accounts. In practice, the entry point is determined by the account type and the payment method used.
Table of Contents
Account Entry Points by Type
No fixed floor exists across the board. However, each account type carries practical funding thresholds based on spread structure and trading conditions.
Standard Account
The Standard account (MT4 or MT5) has no stated minimum. Most traders begin with USD 10-20, depending on the payment method’s own lower limit. Spreads start from 1.3 pips with no commission charged per lot.
Raw+ and Elite Accounts
Raw+ requires a higher starting balance to make the commission model viable. Elite is suited to high-volume traders and carries the tightest spreads available on the platform.
| Account Type | Practical Starting Amount | Spreads From | Commission | Leverage (Retail) |
|---|---|---|---|---|
| Standard MT4/MT5 | USD 10-20 | 1.3 pips | None | Up to 1:500 |
| Raw+ MT4/MT5 | USD 500 | 0.2 pips | USD 3.50/side per lot | Up to 1:500 |
| Elite MT4/MT5 | USD 1,000 | 0.0 pips | Variable | Up to 1:500 |
| cTrader | USD 1,000 | Varies | Varies | Up to 1:500 |
| Islamic (Swap-Free) | USD 10-20 | Same as base | None (admin fee applies) | Up to 1:500 |
| Demo | USD 0 | Varies | None | N/A |
The Islamic account mirrors the Standard structure. It is available on MT4 and MT5 for traders requiring Sharia-compliant conditions.
Deposit Methods Available in Malaysia
FxPro charges no deposit fees on its end. Third-party providers – particularly card networks – may apply their own charges of up to 3%.
| Method | Min. Amount | Processing Time | FxPro Fee |
|---|---|---|---|
| Local Bank Transfer (Maybank, CIMB, Public Bank, RHB) | Varies by bank | Same day to 2 business days | None |
| Visa / Mastercard | Varies by card | Instant | None |
| Skrill | Varies by provider | Instant | None |
| Neteller | Varies by provider | Instant | None |
| PayPal | Varies by provider | Instant | None |
| Cryptocurrency (BTC, ETH, USDT) | Varies by network | ~10 minutes | None |
| International Wire Transfer | USD 100+ | 3-5 business days | None |
Local bank transfers via Maybank, CIMB, Public Bank, and RHB are the most common route for Malaysian clients. E-wallets such as Skrill and Neteller process instantly and carry no FxPro-side charges.
Payment Method Minimums
Each payment provider sets its own floor amount independently of FxPro. A card provider may allow deposits from as low as USD 10. A bank wire may require a higher threshold. Always check the method’s specific limit inside FxPro Direct before initiating a transfer.
How to Make Your First Deposit
The process runs entirely through FxPro Direct, the client portal available via browser or mobile app.
Step-by-step:
1. Log in to FxPro Direct at fxpro.com or via the FxPro app.
2. Complete identity verification first – upload a government-issued ID (MyKad, passport, or driving licence) and proof of address (utility bill or bank statement dated within 6 months).
3. Navigate to the Wallet section and select “Deposit”.
4. Choose your preferred payment method from the available list.
5. Enter the deposit amount in USD or your selected account currency.
6. Confirm the transaction details and submit.
7. Funds reflect within the method’s processing window – instant for cards and e-wallets, same day for local bank transfers.
Verification is required before any deposit is processed. Unverified accounts cannot fund or trade. Approval typically takes up to 24 hours after document submission.
Deposit Confirmation
After submission, a confirmation appears in FxPro Direct under transaction history. If funds do not reflect within the expected window, live chat support is available 24/5. Retain payment receipts until the deposit is confirmed in the account balance.
Currency Conversion and Base Currency
FxPro accounts are denominated in USD, EUR, or GBP. Malaysian ringgit (MYR) is not listed as a standard account base currency, though FxPro supports local currency processing for some payment methods.
Key points on currency handling:
- Deposits made in MYR are converted to the account’s base currency at the prevailing interbank rate.
- FxPro does not charge an explicit conversion fee, but the exchange rate applied may carry a small spread.
- Choosing USD as the base currency avoids double conversion if trading USD-denominated instruments.
- The approximate MYR equivalent of USD 100 is around MYR 440-470, depending on current rates.
- For Raw+ (USD 500 entry), the MYR equivalent is approximately MYR 2,200-2,350.
Conversion rates fluctuate daily. Check the rate inside FxPro Direct at the time of deposit, not in advance.
Withdrawal Basics
FxPro applies no withdrawal fees from its side. Provider or bank fees may apply depending on the method used.
| Method | Processing Time | FxPro Fee | Notes |
|---|---|---|---|
| E-wallets (Skrill, Neteller, PayPal) | Same day | None | Fastest route |
| Credit / Debit Card | 3-5 business days | None | Must match deposit card |
| Local Bank Transfer (Malaysia) | 2-3 business days | None | MYR transfers supported |
| International Wire | 3-5 business days | None | Higher amounts typically |
Withdrawals must return to the original deposit method (anti-money laundering requirement). Verified clients can process up to approximately USD 50,000 per month. Requests are submitted through Wallet > Withdrawal in FxPro Direct. Processing runs 24/5 with a standard turnaround of one business day after approval.
FxPro Minimum Deposit: Summary
The FxPro minimum deposit is not a fixed number – it depends on account type and payment method. Standard account traders typically begin with USD 10-20, while Raw+ and Elite accounts require USD 500 and USD 1,000 respectively. No deposit fees apply from FxPro’s side, and local bank transfers through Malaysian banks are fully supported.
To start, open a live account through FxPro Direct, complete verification, and fund using the method that matches your deposit size and processing preference.
FAQ
Does FxPro have a mandatory minimum deposit for Malaysian traders?
FxPro does not enforce a mandatory minimum deposit on live accounts. The practical entry point depends on the account type selected and the minimum amount supported by the chosen payment method.
What is the FxPro minimum deposit in Malaysian ringgit?
There is no fixed MYR floor. For traders starting on a Standard account, the equivalent of USD 10-20 is roughly MYR 44-94 at current rates. The Raw+ account requires approximately MYR 2,200-2,350 (USD 500 equivalent).
Can Malaysian traders deposit using local bank transfers?
Yes. FxPro supports local bank transfers through Maybank, CIMB, Public Bank, and RHB. Processing typically takes same day to two business days, and FxPro charges no fee on its end.
What is the minimum deposit for the FxPro Raw+ account?
The Raw+ account has a practical starting threshold of around USD 500. This reflects the commission-based structure (USD 3.50 per side per lot) and tighter spread conditions starting from 0.2 pips.
Are there currency conversion fees when depositing in MYR?
FxPro does not charge an explicit conversion fee. However, deposits in MYR are converted to the account’s base currency (USD, EUR, or GBP) at the interbank rate, which may include a small spread built into the exchange rate applied.
How long does it take for a deposit to appear in a FxPro account?
Card and e-wallet deposits (Skrill, Neteller, PayPal) reflect instantly. Local bank transfers in Malaysia typically settle same day. International wire transfers can take three to five business days.
Can the FxPro Islamic account be opened with a small deposit?
Yes. The Islamic (swap-free) account follows the same practical entry conditions as the Standard account, meaning traders can typically start with USD 10-20 depending on the payment method used. An administrative fee replaces the overnight swap charge.
