FOREX Pro broker Accounts

forex pro Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: forex pro Account Types Overview

forex pro Account Types Explained

Forex pro offers several account types tailored to different trading needs and experiences. Below are the primary account types available:

1. Standard Account

• Minimum Deposit Requirement: $100 to $500
• Spread/Commission Structure: All-inclusive spread from 1.2 pips; no commission fees for many brokers.
• Leverage Options: Typically up to 100:1.
• Key Features: Suitable for beginners and intermediate traders; offers access to various trading platforms.
• Target User Profile: Beginner to intermediate traders.
• Trading Instruments Available: Major and minor currency pairs, commodities, indices.

1. Raw Spread Account

• Minimum Deposit Requirement: $3,000
• Spread/Commission Structure: Spreads starting from 0 pips with a commission of $3.5 per side.
• Leverage Options: Up to 2000:1.
• Key Features: Ideal for scalpers and high-frequency traders; direct market pricing.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Floating spreads starting from 0.1 pips; commissions may apply.
• Leverage Options: Up to 2000:1.
• Key Features: Advanced trading conditions; suitable for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, CFDs, commodities.

1. Islamic Account

• Minimum Deposit Requirement: Varies by broker.
• Spread/Commission Structure: Similar to standard accounts but without swap fees.
• Leverage Options: Up to 100:1 or higher.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Major currency pairs, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $100,000).
• Spread/Commission Structure: Simulated trading conditions.
• Leverage Options: Same as live accounts.
• Key Features: Allows traders to practice without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: Raw Spread Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Testing Strategies: Demo Account

Part 2: forex pro Account Features Comparison

Detailed forex pro Account Features

When comparing forex pro account types, several features are crucial for traders to consider:

• Minimum Deposit:

• Standard: $100 - $500

• Raw Spread: $3,000

• Pro: $50

• Islamic: Varies

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 100:1

• Raw Spread: Up to 2000:1

• Pro: Up to 2000:1

• Islamic: Up to 100:1

• Spreads:

• Standard: From 1.2 pips

• Raw Spread: From 0 pips

• Pro: From 0.1 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• Raw Spread: $3.5 per side

• Pro: Varies

• Islamic: None

• Lot Size:

• Standard: 1 lot = 100,000 units

• Raw Spread: 0.01 lots minimum

• Pro: 0.01 lots minimum

• Islamic: 0.01 lots minimum

• Available Trading Platforms:

• Standard: MT4, MT5, WebTrader

• Raw Spread: MT4, MT5

• Pro: MT5

• Islamic: MT4, MT5

• Execution Type:

• Standard: Market

• Raw Spread: ECN

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• Raw Spread: Yes

• Pro: Yes

• Islamic: N/A

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual trading environment with simulated funds.

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Access to educational resources.

• Raw Spread Account:

• Tight spreads ideal for scalping.

• Direct market access.

• High leverage options.

• Pro Account:

• Advanced trading conditions.

• Lower trading costs for high-volume traders.

• Access to professional tools.

• Islamic Account:

• Compliant with Sharia law.

• No interest fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to raw accounts.

• Limited advanced features.

• Raw Spread Account:

• Requires higher minimum deposit.

• Commission fees may apply.

• Pro Account:

• May not be suitable for beginners.

• Complex trading features.

• Islamic Account:

• Limited availability depending on broker.

• May have higher spreads.

• Demo Account:

• No real money involved.

• Limited to virtual funds.

Part 3: forex pro Account Opening Requirements

forex pro Account Registration Requirements

To open a forex pro account, traders must meet specific eligibility criteria:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Varies by broker; some may restrict certain countries.

• Prohibited Countries: Specific countries may be prohibited based on regulatory compliance.

• Identity Verification Documents Needed:

• Government-issued photo ID (e.g., passport, drivers license).

• Proof of address (e.g., utility bill, bank statement).

• Proof of Residence Requirements:

• Documents must show the current residential address and match the application.

• Additional Documentation for Professional Accounts:

• May require financial statements or proof of trading experience.

• KYC/AML Compliance Procedures:

• Brokers will conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Typically takes 24-48 hours for account verification, though some brokers may offer instant approval.

Part 4: forex pro Account Opening Process

Step-by-Step forex pro Account Opening Guide

Opening a forex pro account involves several straightforward steps:

1. Visit Website and Click Registration: Navigate to the brokers website and find the account registration section.
2. Personal Information Entry: Fill out the application form with personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading needs.
4. Set Trading Preferences: Indicate trading preferences, including leverage and trading platform.
5. Document Upload: Upload required identification and proof of address documents.
6. Account Verification: Wait for the broker to verify the submitted documents.
7. Fund Your Account: Once verified, deposit funds into the trading account using preferred payment methods.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Typically offers a more extensive interface for document uploads and preferences.
• Mobile: May have simplified forms and limited features but allows for quick registration on the go.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and meet the brokers requirements.
• Delayed Verification: Contact customer support for updates if verification takes longer than expected.

Average Account Approval Time

• Most brokers aim for a 24-48 hour approval time, but this can vary.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the brokers client portal to request changes to account types.

Part 5: forex pro Demo Account Information

forex pro Demo Account Guide

Demo accounts are essential for traders looking to practice without financial risk.

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Simulated trading environment with virtual funds.

• Ability to test strategies and familiarize with trading platforms.

• How to Open a Demo Account:

• Visit the broker's website and select the demo account option.

• Fill out the registration form and follow the prompts.

• Demo Account Limitations:

• Limited to virtual funds; no real money involved.

• May have an expiration date (typically 30-90 days).

• Virtual Balance Amount:

• Usually set at $100,000 or similar for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Emotional pressure differs; demo accounts do not replicate the stress of real trading.

• Duration/Expiry of Demo Accounts:

• Most demo accounts expire after a set period, requiring users to transition to a live account.

Part 6: forex pro Islamic Account Details

forex pro Islamic Account Details

Islamic accounts are designed for traders who require compliance with Sharia law.

• Swap-Free/Islamic Account Availability:

• Available at many brokers; designed to avoid interest on overnight positions.

• Eligibility Requirements:

• Must identify as a Muslim trader seeking compliant trading options.

• Differences from Standard Accounts:

• No swap fees; may have different spreads or commissions.

• How to Apply for Islamic Account:

• Indicate the need for an Islamic account during registration or contact customer support.

• Restrictions or Special Conditions:

• May have limitations on certain trading strategies or instruments.

FAQs – forex pro Account Types & Opening

1. What account types does forex pro offer？

• Forex pro offers Standard, Raw Spread, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100 - $500, Raw Spread: $3,000, Pro: $50, Islamic: Varies, Demo: Virtual funds.

1. How long does forex pro account verification take？

• Typically 24-48 hours, though some brokers may offer instant approval.

1. Does forex pro offer demo accounts？

• Yes, forex pro provides demo accounts for practice and strategy testing.

1. Can I have multiple account types with forex pro？

• Yes, traders can open multiple account types as needed.

1. Does forex pro offer Islamic/swap-free accounts？

• Yes, forex pro offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a forex pro account？

• A government-issued photo ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support or the client portal.