Does FxPro Have A Micro Account?
FxPro supports micro-lot trading from 0.01 lots (1,000 units of currency), but it doesn’t offer a dedicated account called a ‘Micro Account’ – they’re called ‘Standard’, ‘Raw+’ and ‘cTrader’.
Written ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses. James has also been on US and UK TV, and been a guest on finance podcasts, discussing reports conducted by BrokerListings.com and sharing his expertise.
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Fact Checked ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
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Edited ByChristian Harris
Christian is a seasoned analyst, leveraging his expertise in stocks, forex, and crypto to evaluate brokers worldwide. With hands-on trading experience and a strong focus on risk management, he helps traders find reliable platforms. Christian's work for BrokerListings.com has been cited in the Financial Times.
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FxPro Micro Account Comparison
Here’s a comparison of the different accounts at FxPro that support micro-lot trading, with a focus on the factors that are of particular interest to investors placing smaller trades.
« Make Full Width »| Feature | Standard (MT4 / MT5) | Raw+ (MT4 / MT5) | cTrader |
|---|---|---|---|
| Pricing Model | All-inclusive Spread (No Commission) | Zero Spread + Flat Commission | Low Spread + Volume Commission |
| Commission | $0.00 | €0.07 (~$0.08) round-trip (€3.50 per side/per 100k) | ~$0.08 round-trip ($35 per $1M traded) |
| Est. Cost per Micro Lot (EUR/USD) | $0.12 – $0.15 (Based on 1.2 – 1.5 pip spread @ $0.10/pip) | ~$0.08 (Based on 0.0 pip spread + €0.07 commission) | $0.10 – $0.12 (Based on ~0.2-0.4 pip spread + ~$0.08 commission) |
| Minimum Stop/Limit Levels | 1 pip from entry price | 1 pip from entry price | No Minimum distance |
| Platforms Available | MT4, MT5, Web, FxPro App | MT4, MT5, Web, FxPro App | cTrader, TradingView |
| Ideal Trading Style | Swing trading and longer-term holds. | High-frequency trading, scalping, and algorithmic trading (EAs). | Precision day trading and chart-based technical trading. |
| Micro Trader Profile | The Beginner or Casual Trader: Simplifies costs since all fees are baked into the spread. You don’t have to mentally calculate commissions on small 10-cent-per-pip trades. | The Algorithmic Trader: Bots and EAs run on MetaTrader rely heavily on zero-spread environments to execute precise entries and exits without spread slippage. | The Precision Trader: Traders who want low costs but prefer advanced charting tools, Depth of Market, and zero restrictions on stop-loss placement. |
The only FxPro account that doesn’t support micro-lot trading is the ‘Edge Spread Betting’ account, which offers spread betting to clients in the UK and Ireland. Trades in this account aren’t denominated in standard forex lots – they start with a £0.10 stake.
How To Open An Account At FxPro
I’ve opened dozens of micro-lot trading accounts over the years, including at FxPro, and the process at FxPro follows the usual steps and takes around 5 minutes:
- Sign up: Choose from the Standard, Raw+, or cTrader account, and press to register.
- Complete the onboarding: You need to provide your name, email, date of birth, address, and provide information about your employment status, finances, and answer a basic questionnaire that tests your knowledge of how online trading works. You also need to choose an account currency for your FxPro wallet.
- Verify your ID: You can do this through your phone by scanning the QR code that FxPro shows on the screen. Alternatively, it can be completed in a web browser. You’ll need to take a selfie and a copy of a suitable document, such as a passport. Verification can be as quick as 30 minutes.
Once your account and identity has been verified, you’ll get a confirmation email, as I did below, with details to sign in to the platform, including a login number, password, and server. Then you can start trading from 0.01 lots on forex, metals, and other assets.
Live Account Email Confirmation
How Does FxPro’s Micro Account Compare To Alternatives?
Where FxPro stands out from over 95% of micro account brokers we’ve tested is high-quality trading execution. With speeds of under 8ms, it offers faster and more reliable execution for short-term trading setups that rely on prompt execution to make a profit in forex and other financial markets.
Alternatively, you can see our full list of top-rated micro accounts for trading online.
What Is A Micro Account?
A micro account is an account that is designed for beginners and those looking to trade very small position sizes. In forex, a micro lot normally represents 1,000 units of the base currency, compared to 100,000 for a standard lot.
Example: Instead of buying 1 standard lot of EUR/USD and controlling €100,000, a micro account would let me trade 1 micro lot and control just €1,000. If EUR/USD moves 1% against me, that’s roughly a €10 loss rather than €1,000 (before costs). In this way, micro accounts are useful for those learning to trade online with less capital exposure.
Some brokers also have other small-sized accounts, such as the cent account, which changes the account denomination to cents and is aimed at smaller hobby traders, but the exact contract size and account denomination can vary by broker.