How to Trade with FxPro Philippines

Account Registration Process for Philippine Traders

Opening an FxPro trading account in the Philippines is straightforward. Visit fxpro.com, click the Register button at the top-right corner, and select Philippines as your country. Fill in your email, full name, and create a secure password between 8-16 characters, including uppercase, lowercase, numbers, and symbols. Submit the form to begin verification.

Verification requires submitting government-issued ID and proof of residence within six months. Liveness verification is done via QR code scan using your mobile camera. Our team processes submissions within 24 to 48 hours. Your account remains in “Read Only” mode until approval is complete, after which full trading access is granted.

Trading Platform Selection and Setup

FxPro provides three main platforms: MetaTrader 4, MetaTrader 5, and cTrader. MT4 specializes in forex with Expert Advisor support, MT5 expands asset classes and order types, while cTrader features level II pricing and advanced charts. Choose your preferred platform based on your trading approach.

Download desktop versions for Windows or Mac or use web-based platforms via browsers. Mobile apps for iOS and Android are available in respective app stores. Ensure your device meets minimum requirements: 2GB RAM and 1GB storage for desktops, and iOS 12+ or Android 7+ for mobile.

To set up, install the software and log in with your FxPro credentials. Select the server—either FxPro-Live for real accounts or FxPro-Demo for practice. Customize charts, indicators, alerts, and automated trading parameters to fit your style. Synchronizing your account across devices occurs automatically.

Funding Your Trading Account

Philippine traders can fund accounts using multiple methods, including credit/debit cards, bank wire transfers, e-wallets, and local bank transfers. Minimum deposits vary by account type, starting at $100 for standard accounts. Card payments process instantly, while bank wires take 3 to 5 business days.

Access the deposit tab in your client portal. Choose a payment method, enter the deposit amount in your base currency, and confirm. We accept major currencies like USD, EUR, and GBP, converting automatically at competitive rates.

Deposit fees vary depending on payment type. Electronic wallets and credit cards usually have no fees, while bank wires may incur charges.

Understanding Trading Instruments and Market Access

We provide access to both forex and CFD trading, including over 70 currency pairs, 20+ indices CFDs, commodity CFDs, and stock CFDs. Forex pairs start with spreads from 0.6 pips on EUR/USD. Leverage is capped at 1:30 for retail clients under regulatory guidelines.

Major pairs such as EUR/USD, GBP/USD, and USD/JPY offer tight spreads between 0.6 and 1.2 pips. Minor and exotic pairs have wider spreads depending on liquidity. Real-time quotes from multiple liquidity providers ensure competitive pricing and execution.

Trading times correspond to global market sessions aligned with Philippine Standard Time (PHT), enabling access to Asian, European, and American sessions with peak liquidity during overlaps.

Executing Trades and Order Management

Trading with FxPro involves placing market or pending orders via your platform. Market orders execute immediately at current prices. Pending orders activate once the price hits your set level. Supported pending orders include buy stop, sell stop, buy limit, and sell limit with customizable expiration.

Our no-dealing-desk model routes orders directly to liquidity providers. Execution averages 13 milliseconds with 99.9% of orders filled at requested prices or better. Slippage may occur during volatile news or fast markets.

Use platform tools to monitor open positions, modify orders, or close trades. Setting up stop loss, take profit, and trailing stops enhances risk control.

Advanced Trading Features and Tools

Our platforms include over 30 technical indicators, various chart types, and customizable timeframes from 1-minute to monthly. Automated trading is enabled through Expert Advisors on MT4/MT5 and cBots on cTrader. Backtesting with historical data helps optimize strategies.

The economic calendar integrates upcoming news events with impact ratings, assisting traders in planning. Price alerts can be configured to send notifications via email, SMS, or app push alerts. Advanced charting tools include Fibonacci retracements, trend lines, and pattern recognition.

Automated trading setup involves loading or programming EAs/cBots, running backtests, optimizing parameters, and deploying live with risk controls. VPS hosting is available for uninterrupted operation.

Withdrawal Procedures and Account Management

Withdrawals use the same methods as deposits. E-wallet withdrawals process within 24 hours, bank transfers take 3-5 business days. Requests undergo security checks including IP verification and phone confirmation for large sums. Withdrawal limits depend on account verification and trading volume.

Standard accounts have no withdrawal fees on the first monthly withdrawal. Monitor your account regularly to update personal information and renew documents before expiry. Inactive accounts over 12 months may incur maintenance fees after prior notice.

Our 24/5 support in English assists Philippine traders through live chat, email, and phone. Average response times are under 2 minutes for chat and 4 hours for email. FAQ and tutorials provide additional guidance on platform use and trading procedures.

Risk Management and Trading Best Practices

Effective risk management is essential when trading with FxPro. Use stop loss and take profit orders to protect capital and secure gains. Trailing stops adjust automatically to favorable price moves, locking in profits.

Position sizing calculators help determine appropriate lot sizes based on account balance and risk tolerance. Always monitor margin levels to avoid margin calls or automatic position closures. We recommend risking no more than 2% of your account per trade.

Regularly review your trading history and statements to identify strengths and areas for improvement. Combining our advanced tools with sound risk discipline enhances trading performance.