What FxPro Trading Costs Mean for Malaysia
Understanding FxPro Malaysia spreads and fees before placing a trade prevents costly surprises – especially when leverage amplifies every pip of cost.
Table of Contents
- What You Are Actually Paying Per Trade
- Account Types and Which One Fits Your Style
- FxPro Malaysia Spreads Across Asset Classes
- Overnight Fees: Swaps and Islamic Accounts
- Deposits, Withdrawals, and Non-Trading Fees
- Execution Quality and Its Effect on Real Cost
- Pre-Trade Checklist for Malaysian Traders
What You Are Actually Paying Per Trade
Most traders focus on entry and exit prices. The real cost sits in between. Every time you open a position on FxPro, you pay through one or both of two mechanisms: the spread and the commission.
The spread is the difference between the bid and ask price. On a Standard account, the spread is your entire cost. No commission is charged separately. On Raw+ and cTrader accounts, the spread is much tighter, but a commission of $3.50 per lot per side is added.
This distinction matters more than it looks. A 1.49-pip spread on EUR/USD costs $14.90 per standard lot round-turn. A 0.48-pip spread plus $7 commission costs $8.30 total. The commission-based account is cheaper – but only if you trade enough volume to notice the difference.
The Spread-Commission Tradeoff in Numbers
| Account Type | EUR/USD Avg Spread | Commission (Round-Turn) | Total Cost per Lot |
|---|---|---|---|
| Standard (MT4/MT5) | ~1.49 pips | None | ~$14.90 |
| Raw+ (MT4/MT5) | ~0.2 pips | $7.00 | ~$9.00 |
| cTrader | ~0.48 pips | $7.00 | ~$8.30 |
Use this table as a starting benchmark. Actual spreads vary by session and liquidity conditions.
When Spreads Widen
Spreads are not fixed. They widen during low-liquidity periods. For traders in Malaysia (UTC+8), the Asian session runs roughly from 8:00 AM to 4:00 PM local time. EUR/USD spreads during this window are typically wider than during the London-New York overlap (around 8:00 PM to 12:00 AM MYR time). If you are scalping EUR/USD, trade during the overlap. A 1.49-pip average can spike to 3+ pips during thin Asian hours.
Account Types and Which One Fits Your Style
FxPro offers four main account structures relevant to Malaysian traders. Each one suits a different trading approach.
| Account | Platform | Spread From | Commission | Best For |
|---|---|---|---|---|
| Standard | MT4, MT5, FxPro App | ~1.4-1.5 pips | None | Beginners, swing traders |
| Raw Spread | MT4, MT5 | 0.0 pips | $3.50/lot/side | Scalpers, high-frequency |
| Raw+ | MT4, MT5 | 0.0 pips | $3.50/lot/side | Active intraday traders |
| cTrader | cTrader, FxPro App | 0.0 pips | $3.50/lot/side | ECN-style, algo traders |
The Standard account carries no commission. It is the simpler choice. The all-in cost is built into the spread, so you always know what one trade costs before you place it.
Raw+ and cTrader accounts reduce the spread to near-zero on major pairs. The $3.50-per-side commission is charged automatically when you open and again when you close. On a 0.1-lot trade, that commission is $0.70 per side – small. On a 5-lot scalp, it becomes $35 per side, so execution quality matters more.
No Fixed Minimum Deposit
FxPro does not require a mandatory minimum deposit to open a live account. The actual amount you can deposit depends on the payment method you use. Many traders in Malaysia start with a deposit of around $10-$20 on a Standard account. Some methods may have their own minimum transfer limits, so check your bank or e-wallet terms before funding.
FxPro Malaysia Spreads Across Asset Classes
Forex is not the only market with relevant spread data. Malaysian traders also access indices, commodities, and share CFDs through FxPro. Here is what the typical cost structure looks like across asset classes.
- Forex (70+ pairs): spreads from 0.6 pips on raw feeds; includes USD/MYR
- Indices (25+): spreads from 0.4 points; includes S&P 500, FTSE 100, Asian benchmarks
- Commodities (15+): gold and silver from 0.03 points; oil products also available
- Share CFDs (2,000+): spreads from 0.1% of trade value; no separate commission on Standard
Gold (XAU/USD) is a commonly traded commodity among Malaysian traders. On a cTrader or Raw+ account, the commission structure applies to metals the same way it applies to FX: $3.50 per lot per side. On Standard, the cost is in the spread only.
Share CFDs do not follow the pip-based spread model. The spread is expressed as a percentage of the instrument’s price. A 0.1% spread on a $100 share CFD equals $0.10 per share per side. Multiply by your position size to get total cost.
Overnight Fees: Swaps and Islamic Accounts
Holding a position past the daily rollover time (approximately 21:59 UK time) triggers a swap charge or credit. Swaps reflect the interest rate differential between the two currencies in a pair, plus a broker markup. They can be positive or negative depending on the direction of your trade.
How Triple Swap Works
FxPro applies triple swap on specific days to account for weekend settlement:
- Forex and metals: triple swap applied on Wednesdays
- Other CFDs (indices, shares, energies): triple swap applied on Fridays
If you hold a EUR/USD position open on Tuesday night, you pay one day of swap. Hold it through Wednesday night, and you pay three days in one charge. Plan swing trades around these dates.
Use the FxPro Swap Calculator to check the exact swap rate before holding overnight. Open the calculator from the FxPro website, select the instrument, account currency, and position size. The output shows the daily swap in your account currency.
Islamic Accounts for Malaysian Muslim Traders
FxPro offers swap-free (Islamic) accounts to eligible Muslim clients. This is relevant to a significant portion of traders in Malaysia. The key mechanics:
- Swap interest is removed entirely from the account
- For indices, futures, and share CFDs, trading remains swap-free with no time limit
- For FX pairs, a grace period applies; after that period, a fixed nightly fee replaces the swap
- Conversion to Islamic status is processed within 24 business hours without closing open positions
Request Islamic account status through FxPro support. Specify your account number and the request is handled directly.
Deposits, Withdrawals, and Non-Trading Fees
FxPro Malaysia spreads and fees include more than just the trading cost. Non-trading fees affect your net return too.
Deposits: FxPro charges no deposit fee. Methods available to Malaysian traders include international bank wire (USD, EUR, GBP), Visa and Mastercard, Skrill, and Neteller. Bank wires take 1-3 business days. Card and e-wallet deposits process near-instantly. Your bank may charge its own international transfer fee on wire transactions – check before sending.
Withdrawals: FxPro charges no withdrawal fee in most cases. One exception applies: if you have never traded on the account and withdraw via certain e-wallets, a fee is charged. Neteller charges 2.6%, Skrill charges 2%, and PayPal (where available) charges 2.7%. Place at least one trade before withdrawing to avoid this.
Inactivity: No inactivity fee is charged. If the account is dormant for three or more months, it may be deactivated. Contact support to reactivate it.
VPS for algorithmic trading: A virtual private server (BeeksFX) is available at $30 per month. Premium account holders receive VPS access free of charge.
Execution Quality and Its Effect on Real Cost
FxPro Malaysia spreads and fees are only part of the cost picture. Execution quality determines whether you actually get the quoted price. FxPro uses a No-Dealing-Desk (NDD) model, routing orders directly to liquidity providers.
According to FxPro’s own data, over 83% of orders are executed at the requested price or better. The remaining orders may experience slippage – either positive (you get a better price) or negative (you pay more than quoted). For scalpers, negative slippage on a 0.1-pip Raw+ spread can effectively double the trade cost on a single entry.
Platform choice also affects execution:
- MT4: solid for EAs and custom indicators; standard execution speed
- MT5: faster, supports more order types and depth of market
- cTrader: built for ECN-style execution with advanced order routing and cAlgo for automation
- FxPro Edge (web): browser-based, 53+ indicators, suitable for analysis and manual trading
If you run Expert Advisors or algorithmic strategies, cTrader or MT5 on a Raw+ account will give the tightest combination of spread, commission, and execution speed.
Pre-Trade Checklist for Malaysian Traders
Before placing a trade on FxPro, run through this sequence:
- Check the current live spread on your instrument (visible in the platform’s Market Watch panel)
- Confirm whether you are on a Standard or commission-based account
- Calculate total round-turn cost: spread cost + (commission × 2 if applicable)
- Check the swap rate if holding overnight, especially near Wednesday or Friday
- Verify your account is Islamic if you require swap-free conditions
- Confirm your deposit method has cleared and funds are available
- Set stop-loss and take-profit levels before entering, not after
This sequence takes under two minutes. It prevents the common mistake of placing a trade without knowing the full cost.
FAQ
What is the typical EUR/USD spread on a Standard account with FxPro in Malaysia?
The average EUR/USD spread on a Standard account is approximately 1.49 pips. This spread includes the full trading cost – no separate commission is charged. Actual spreads vary by session, with tighter conditions during the London-New York overlap.
Does FxPro charge a commission on the Standard account?
No. The Standard account uses a spread-only pricing model. All trading costs are embedded in the spread, and no commission is deducted when you open or close a position.
How does the cTrader account commission work in practice?
FxPro charges $3.50 per lot per side on cTrader accounts for FX and spot metals. On a 1-lot round-turn trade, total commission is $7.00. This is charged in addition to the spread, which averages around 0.48 pips on EUR/USD.
Can Malaysian Muslim traders use a swap-free account on FxPro?
Yes. FxPro offers Islamic accounts that remove swap interest from positions. For FX pairs, a grace period applies before a fixed nightly fee replaces the swap. Conversion is processed within 24 business hours without disrupting open trades.
Are there any fees for depositing funds via Skrill or Neteller in Malaysia?
FxPro does not charge a deposit fee for Skrill or Neteller transactions. However, if you withdraw via these methods without having placed any trades, Neteller charges 2.6% and Skrill charges 2%. Making at least one trade before withdrawing avoids these charges.
What is the minimum deposit required to open a live account with FxPro?
FxPro does not set a mandatory minimum deposit for live accounts. The practical minimum depends on the payment method used. Many traders start with around $10-$20 on a Standard account, subject to the minimum transfer limit of their chosen payment provider.
How do triple swap charges affect overnight positions on FxPro?
Triple swap is applied on Wednesdays for FX and metals, and on Fridays for other CFDs including indices and shares. Holding a position through these days results in three days of swap charged in a single debit. Use the FxPro Swap Calculator to estimate the cost before holding positions overnight.
