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FxPro

Open an account

What the registration asks for, in what order, and what to decide before you start.

1Email and countrythe country decides which entity, and the entity decides your protections2Identity checkphoto ID and an address document3Account typethe spread and commission live here, not in the terminal4First depositthe method you will also withdraw to
The four steps, in the order they actually happen.

Decide three things before you start

Registration is quick; the decisions inside it are not. Before you open the form, settle the account type, the base currency and the leverage you will actually use.

Recorded for Nigeria: account types Standard, Raw+, cTrader, Elite, VIP. Minimum deposit USD 100 / NGN equivalent.. Base currencies NGN-denominated accounts reported; also USD, EUR, GBP.. Maximum leverage Up to 1:200 via offshore entity; one review cited 1:30/1:20 caps — conflicting, not verified at review..

Who you are opening with

The account is held by FxPro Markets Direct Costa Rica Latam SRL. That is the name to look for in the client agreement, and the one whose licence matters — not the brand on the website.

If the entity in the agreement is not the one you expected, stop and ask before funding.

The order of the steps

Email and password, then country of residence, then the account type and base currency, then a short suitability questionnaire, then identity checks.

The questionnaire is not a formality: the answers set the leverage you are offered. Answer it as it is, not as you think it should look.

The order of the form. Step three is the one that sets what you are offered.The order of the form. Step three is the one that sets what you are offered.01Email and countryCountry of residencedecides which entitytakes the account —here that is FxProMarkets Direct CostaRica Latam SRL.02Account type andbase currencyA conversion on everydeposit is a cost; pickthe currency you willactually fund in.03The suitabilityquestionnaireAnswers set theleverage you areoffered. Answer as youare, not as you thinkit should look.04Identity checksFinish them beforefunding, not when youwant money out.05A demo before thefirst depositOne trade, sized by thecalculator, to see howmargin and cost behave.
The order of the form. Step three is the one that sets what you are offered.

What to do first inside the account

Open a demo before funding. Place one gold trade sized by the position-size calculator and watch how the margin and the cost behave.

Only then decide the first deposit — and make it the amount you would be willing to lose.

checked 2026-07-09 · fxscouts.ng/broker/fxpro; forextrading.ng/best-forex-brokers; fxpro.com/about/licences

Ready to size the trade

Run the numbers, then trade XAU/USD

FxPro gives Nigerian traders MT4, MT5, cTrader and FxPro Edge for gold, funded by local bank transfer, card, e-payment or crypto. Confirm the entity serving you and check any broker on the SEC Nigeria register before you send money.

Trade gold with FxPro →
FAQ

Common questions

Which FxPro entity will hold my account as a Nigerian resident?

The entity serving Nigeria is FxPro Markets Direct Costa Rica Latam SRL. That matters because the entity, not the brand name, decides which rules and leverage caps apply to you. Before you fund anything, confirm the entity name on the paperwork. Separately, FxPro is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the SEC Nigeria register of capital market operators.

Should I pick the leverage setting shown in the account form at its maximum?

No. Leverage is a cap, not a target. Up to 1:200 is available in Nigeria via the offshore entity, though one review cited 1:30 and 1:20 caps, which conflicts and was not verified at review. Choose the setting you can survive a normal gold swing on, then test the numbers in our margin calculator before you submit the form.

Which platform should I choose when the form asks for MT4, MT5, cTrader or FxPro Edge?

Pick the platform whose order ticket you can actually operate under pressure. FxPro publishes support for MT4, MT5, cTrader and FxPro Edge. MT4 and MT5 suit traders who want the familiar terminal, cTrader suits those who prefer its order handling, and FxPro Edge is the in-house option. You can change later, so choose on comfort, not on a claim about speed.

Do I need to open a demo first before completing the live form?

A demo is not required, but it is the cheapest way to learn where XAU/USD sits in the Market Watch and how the order ticket behaves. Practise a 0.10-lot order on demo and run the same figures through our position size and margin calculators. At 1:200, a 0.10-lot gold position needs about $85.50 margin, so you can compare that with your real balance.

What should I decide before I start typing on the account form?

Decide three things first: the base currency of the account, the leverage cap you want, and the platform. Base currency matters because your naira bank transfer will be converted, and conversions involve a cost you should understand before funding. Leverage is a cap, so keep it modest. Then complete the form once, cleanly, to avoid a re-submission.