FxPro Account Types for Malaysia

Overview of Available Account Types

FxPro offers five primary account configurations, each pairing a specific cost model with a designated platform environment. Here is a one-sentence summary of each:

• Standard (MT4/MT5): A commission-free account with variable spreads, designed for traders who prefer simplicity and lower upfront costs.
• Raw+ (MT4/MT5): A raw-spread account with a fixed commission per lot, suited to active traders who prioritise tight pricing over simplicity.
• cTrader Account: A raw-spread, commission-based account exclusive to the cTrader platform, built for professionals requiring Level II market depth and automated trading tools.
• Islamic (Swap-Free): A swap-free variant available across all account types, structured for traders who require Sharia-compliant trading conditions.
• VIP Account: A high-deposit tier offering volume-based commission discounts and complimentary VPS access for high-frequency and institutional-style traders.

Each type is available with MYR as a supported base currency, which reduces conversion costs for Malaysian traders funding in ringgit.

Detailed Account Comparison Table

The table below presents the core specifications of each FxPro account type side by side. This is the primary reference for comparing cost structures, platforms, and minimum requirements.

*FxPro does not impose a mandatory minimum deposit for live accounts. The effective starting point depends on the payment method used. Many traders begin with around USD 10-20 on a Standard account, though the cTrader account carries a USD 500 minimum.

Minimum trade size across all account types is 0.01 lots. Maximum trade size is 100 lots per position.

Individual Account Breakdowns

Standard Account

The Standard account operates on a spread-inclusive pricing model. There is no commission charged per trade; instead, the cost is embedded in the spread itself. Variable spreads on the Standard account start from approximately 0.6 pips on raw pairs, widening to around 1.3 pips on major forex pairs under normal market conditions.

This account is available on MT4, MT5, and WebTrader. It supports the full instrument range – over 70 forex pairs, indices, commodities, shares, and cryptocurrencies. Execution follows a market (STP) model with no dealing desk intervention, and average execution speed is approximately 0.03 seconds. For traders who want straightforward access without calculating commission costs on each trade, the Standard account presents a clean cost structure.

There is no fixed minimum deposit requirement. Traders can typically start with as little as USD 10-20, depending on the selected payment method and its own processing limits. This makes the Standard account the natural starting point for those new to FxPro account types.

Raw+ Account

The Raw+ account separates the spread from the broker’s revenue. Spreads start from 0.0 pips on major pairs, and FxPro charges a fixed commission of USD 3.50 per lot per side (USD 7.00 round-turn). For traders executing frequent trades or larger volumes, this pricing model typically results in lower total transaction costs compared to the Standard account.

Raw+ runs on MT4, MT5, and WebTrader. It supports the same instrument range as the Standard account and uses the same STP execution model. The key trade-off is transparency versus simplicity: Raw+ makes cost calculation more precise, but requires traders to factor commission into every position. Scalpers and day traders with defined strategies tend to benefit most from this structure.

No fixed minimum deposit applies. The practical starting point aligns with the payment method minimum, and MYR is supported as a base currency.

cTrader Account

The cTrader account is the most technically advanced option among FxPro account types. It runs exclusively on the cTrader platform, which provides Level II depth-of-market data, 26 chart timeframes, iceberg order types, and native support for cBots (automated trading algorithms). The commission structure mirrors Raw+ at USD 3.50 per lot per side.

The minimum deposit for the cTrader account is USD 500, which is the only account type with a defined deposit threshold above the standard payment method minimums. Base currencies are limited to USD, EUR, and GBP – MYR is not currently listed as a base currency option for this account. Traders who rely on automation, require advanced order types, or want direct market access with full depth visibility will find cTrader the most capable environment.

VIP Account

The VIP account is designed for high-volume traders and is accessible across MT4, MT5, and cTrader. It requires a minimum deposit of USD 30,000. In return, VIP clients receive a 30% discount on standard commission rates, complimentary VPS hosting, and dedicated account support. Swap conditions and spread structures vary based on trading volume and individual account configuration.

This account tier is not relevant for most retail traders. It functions as an institutional-grade tier for money managers, professional traders, or those managing large portfolios who generate sufficient volume to justify the discount structure.

Islamic and Swap-Free Accounts

FxPro offers Islamic (swap-free) account conditions across all account types – Standard, Raw+, and cTrader. This is particularly relevant for Malaysian Muslim traders, as the Islamic account removes overnight swap charges that would otherwise apply to positions held past the daily rollover.

The Islamic account mirrors the trading conditions of the underlying account type. Spreads, commissions, execution model, and instrument access remain unchanged. No additional fees are applied for swap-free status under standard conditions, though administrative charges may apply in specific cases depending on the instrument and holding period.

To activate Islamic account conditions, traders contact FxPro support after account registration. The process does not require opening a separate account – it is a modification applied to an existing live account. Given Malaysia’s Muslim-majority population, this option is well-suited to a significant portion of local traders seeking Sharia-compliant CFD trading conditions.

Which Account Is Right for You

The right account depends on trading frequency, strategy type, and cost sensitivity. The following framework outlines how each account aligns with different trader profiles.

Two questions help narrow the decision quickly. First: does the trader pay more attention to total spread cost or to commission per trade? If spread cost matters more, Standard suits casual strategies. If commission transparency is preferred, Raw+ or cTrader is more appropriate. Second: does the strategy require advanced platform tools such as automated bots, depth-of-market, or iceberg orders? If yes, cTrader is the only option that provides these natively.

For traders unsure which account type suits their strategy, FxPro provides a free demo account across all platforms. The demo includes USD 100,000 in virtual funds and is available for an extended period without requiring a live deposit.

How to Open or Switch Accounts

Opening a New Account

The account registration process for Malaysian traders is fully online and typically takes around 15 minutes to complete. The steps are as follows:

1. Register on fxpro.com – provide name, email, phone number, nationality, date of birth, and residential address.

2. Complete the trading profile – employment status, income range, trading experience, and a knowledge assessment for CFD access.

3. Select the account type, platform, and base currency (including MYR where available).

4. Submit KYC documents – a valid MyKad (front and back) or passport, plus proof of address such as a utility bill or bank statement dated within the past three months.

5. Verification is processed within 24 to 48 hours.

6. Fund the account via a supported method and begin trading.

Malaysian traders can use local bank transfers (Maybank, CIMB, Public Bank, RHB), credit or debit cards, or e-wallets such as Skrill and Neteller. FxPro charges no fees on deposits or withdrawals, though third-party processing fees may apply depending on the method.

Switching Between Account Types

Existing FxPro clients can open additional account types through the FxPro Direct dashboard without re-submitting full KYC documentation. Each additional account is treated as a separate trading account under the same client profile. Funds can be transferred between accounts via the FxPro Wallet instantly, without conversion fees when accounts share the same base currency.

To activate Islamic conditions on an existing account, traders submit a request through FxPro support directly.

Summary Decision Matrix

The table below consolidates the key decision factors into a final reference for comparing FxPro account types.

No single FxPro account type suits every trader. The Standard account prioritises accessibility; Raw+ and cTrader prioritise pricing precision; the Islamic account addresses a compliance requirement; and the VIP account serves volume-driven traders. Evaluating these options against a defined trading strategy – rather than general preference – produces the most durable account choice.