How to Open an FxPro Account in South Africa
South African residents register on FxPro's website, complete identity verification (KYC), choose an account type (Standard or Raw+ from $100), fund the account and download MT4, MT5 or cTrader. A free demo mirrors live pricing with no deposit required.
75%+ of retail investor accounts lose money trading CFDs.
What documents do you need?
A valid South African ID or passport, proof of address dated within the last three months, and a funding method in your own name — per standard KYC rules applied by FxPro's onboarding entity.
FxPro's group holds an FSCA licence for South Africa alongside FCA, CySEC and SCB authorisations. Which entity onboards you determines leverage caps and conduct rules. Check the client agreement shown during registration — it names the legal entity responsible for your account.
Which account type should you pick?
Standard suits beginners: variable spreads from roughly 0.6–1.4 pips on EUR/USD with no commission. Raw+ targets active traders: spreads from 0.0–0.1 pips plus $3.50 per side ($7 round-turn). Both require a $100 minimum; FxPro recommends $1,000 for Raw+. Elite needs $30,000.
ZAR is available as a base currency alongside USD, EUR and GBP — useful if you fund from a South African bank and want to avoid repeated rand-dollar conversion on every transaction.
Demo first or go live?
FxPro offers a free demo on MT4, MT5 and cTrader with virtual funds. Pricing mirrors the live server, so it is the sensible way to test execution and platform layout before committing the $100 minimum deposit. Demos do not expire on a fixed timer, but inactive accounts may be archived — log in periodically.
FAQ
How long does FxPro verification take?
Most applications complete within one business day if documents are clear. Complex cases or additional AML checks can take longer. You cannot fund a live account until KYC is approved.
Can I open a ZAR account?
Yes. ZAR is listed among FxPro's base currencies. Deposits from South African banks still pass through your bank's FX conversion if the funding currency differs.
Is there an inactivity fee?
FxPro charges $15 per month after six months of no trading activity, per published terms as of July 2026. Logging in alone may not count — check the current policy on the official site.