Account Opening Requirements and Initial Funding
At FxPro, we ensure Indian traders can begin trading with minimal financial barriers. The minimum deposit requirement is $100 USD or its INR equivalent for all account types. Our platform accepts deposits in Indian Rupees through local bank transfers, facilitating seamless fund addition without upper limits.
To open an account, clients must submit valid government-issued ID and proof of residence. Verification typically completes within 24 hours. We support various base currencies including INR, USD, EUR, and GBP for Indian clients, allowing flexibility in account management.
Upon verification, immediate access to our trading platforms—MT4, MT5, cTrader, and FxPro Edge—is granted. The minimum deposit requirements remain consistent across these platforms.
Indian Rupee Deposit Methods and Processing
Local Bank Transfer Procedures
Indian clients can fund their accounts via local bank transfers using major banks such as ICICI. Within the account dashboard, users select the local bank transfer option under the funding menu. The platform then provides beneficiary details including IFSC codes and account numbers required for transfer.
Transfers usually complete within 2 to 4 business hours. No fees are imposed by FxPro for local INR deposits above the minimum amount. It is critical that the bank account holder’s name matches the registered FxPro account to avoid delays.
- Confirm beneficiary name matches account registration
- Enter accurate IFSC code
- Verify bank account number carefully
- Include transfer reference as instructed
International Payment Options
For alternative methods, FxPro supports Visa and MasterCard payments from Indian banks. Deposits via credit or debit cards process instantly using 3D Secure verification. International bank transfers are accepted for larger deposits.
Additionally, cryptocurrency funding is available with Bitcoin, Ethereum, and USDT. These deposits automatically convert to the selected base currency. Binance Pay integration offers further cryptocurrency payment flexibility for Indian users.
Platform-Specific Deposit Requirements
All FxPro trading platforms maintain a uniform minimum deposit requirement of $100 USD or equivalent in INR. This applies to MT4, MT5, cTrader, and FxPro Edge accounts. Each platform offers distinct features but identical funding prerequisites.
FxPro Edge allows commission-free trading while adhering to the same deposit rules. The platform calculates minimum deposits using live exchange rates for currency conversion.
Account Currency Selection Impact
Choosing the base currency influences deposit conversions and trading costs. Selecting INR as the account currency removes conversion fees for Indian bank deposits. USD base accounts provide access to a broader range of instruments but incur standard conversion charges.
We advise Indian traders focusing on currency pairs to use INR accounts. Professional accounts, designed for experienced traders, benefit from USD base currency due to advanced strategy requirements. Note that base currency selection is fixed after account creation.
Funding Process Step-by-Step Instructions
Account Dashboard Navigation
After logging in, navigate to the Accounts section and click the “Fund” button to start depositing funds. Choose the preferred payment method, such as local bank transfer, credit card, or cryptocurrency options available for Indian clients.
Input the deposit amount, ensuring it meets the minimum deposit requirement. The platform displays real-time currency conversion rates for non-INR deposits before confirmation.
Payment Completion and Confirmation
Follow on-screen instructions to finalize payment. For bank transfers, users receive beneficiary account details to complete manual transfers. Card payments redirect to secure 3D authentication pages.
We send email confirmations upon successful deposits, and account balances update automatically after verification. If a transaction fails, immediate notification with troubleshooting steps is provided.
Account Types and Associated Minimum Requirements
Standard Account Features
Standard accounts offer access to over 70 currency pairs with spreads from 1.8 pips. Leverage is set at 1:30 for major pairs and 1:20 for exotic ones. The minimum trade size is 0.01 lots for all instruments.
These accounts operate on a spread-only commission model. We provide negative balance protection and guaranteed stop-loss orders. Indian clients benefit from dedicated customer support available during Mumbai business hours.
Professional Account Advantages
Professional accounts require the same minimum deposit but offer enhanced features. Leverage increases up to 1:500 for eligible traders after experience verification and financial assessment.
Priority order execution and reduced slippage are included. Clients gain access to institutional liquidity pools and advanced risk management tools like position sizing and portfolio analytics.
Deposit Limits and Restrictions
There are no maximum deposit limits for Indian users employing local bank transfers. Larger international transfers may necessitate additional documentation for amounts exceeding $10,000 USD equivalent. Compliance with anti-money laundering regulations is mandatory.
The minimum deposit ensures account activation and trading readiness. FxPro may request source of funds verification for large deposits, meeting Indian financial regulatory standards.
Daily and Monthly Limits
Credit and debit card deposits have daily caps of ₹200,000 INR and monthly limits of ₹2,000,000 INR for verified clients. Limits can be increased with supplementary verification.
Bank transfer limits depend primarily on the client’s banking institution. Cryptocurrency deposits require 3 to 6 blockchain confirmations before crediting accounts.
- Up to 5 card deposits daily
- Unlimited bank transfers
- Maximum 3 cryptocurrency deposits daily
- No restrictions on transfer amounts
Currency Conversion and Exchange Rates
Real-Time Rate Calculations
FxPro applies real-time interbank exchange rates updated every 30 seconds during trading hours. INR to USD account conversions include clear fee disclosures. Conversion spreads generally range between 0.3% and 0.7%, depending on the currency pair.
Clients can view precise conversion amounts prior to confirming deposits. Historical exchange rate data is accessible in transaction histories.
Multi-Currency Account Management
Clients can hold multiple currency wallets within a single account, including INR, USD, EUR, and GBP. Internal transfers between wallets are instantaneous and free from conversion fees.
Trading positions debit from the wallet matching the instrument’s denomination. Consolidated statements display all currency balances and transaction details. Currency conversions during wallet transfers use prevailing interbank rates.
Troubleshooting Common Deposit Issues
Failed payments often arise from incorrect bank details or incomplete verification. We notify users immediately with specific guidance. Local support is available during Indian business hours for deposit assistance.
Typical errors include IFSC code mismatches, name discrepancies, and expired payment methods. Our FAQ section addresses the most frequently encountered deposit problems.
Verification delays may temporarily restrict deposit actions. Providing full documentation expedites processing. Missing documents trigger email alerts specifying required items.
- Check bank details carefully before transfer
- Ensure account verification is complete
- Contact support promptly for unresolved issues
Technical support operates 24/7 with Hindi and English chat options. Phone assistance is available locally during Mumbai business hours via toll-free numbers.
Maintaining a minimum deposit facilitates smooth onboarding and sustainable trading activity. We adapt deposit policies in line with market and regulatory changes, ensuring Indian clients benefit from efficient funding and competitive rates.
❓ FAQ
What is the Minimum Deposit for Indian clients?
The minimum deposit is $100 USD or its equivalent in INR, approximately ₹7,500 INR.
Which deposit methods are available in India?
Local bank transfers, credit/debit cards, and cryptocurrencies are supported with INR funding options.
How long do deposits take to reflect?
Local bank transfers typically process in 2-4 hours, card payments are instant, and crypto deposits take 10-60 minutes.
Can I hold multiple currencies in one account?
Yes. FxPro supports multi-currency wallets including INR, USD, EUR, and GBP within a single trading account.
Are there fees for currency conversion?
Conversion fees range from 0.3% to 0.7%, clearly displayed before deposit confirmation.
What support is available for deposit issues?
24/7 chat in Hindi and English plus phone support during Indian business hours is available for assistance.