The FxPro account, plainly
The apps this site reads are published under the FxPro name or sit beside it. This page states only what the broker itself publishes in the text this site could read, and what the rules of the reader's country say about sending money abroad. It is a factual page about the account, not a sales page.
What is charged inside the account and what is charged around it by banks
Inside the account, the costs are the spread on each trade, a commission on some account types, and an overnight financing charge on positions held past the daily rollover. FxPro states that it charges no fee of its own for deposits or withdrawals, but third-party banks or payment providers may charge their own.
Around the account, the banks that move money in and out apply their own charges and exchange rates. These charges are outside FxPro's pages and outside this site. A reader should check with the sending bank what it will deduct before sending money.
Why the account currency decides which conversion is paid and when
The account is opened in a currency such as US dollars or euros. Money sent from India is in rupees, so the sender's bank or a payment provider converts it. FxPro states it adds no deposit fee itself, but the rate applied by the bank is outside both FxPro's page and this site.
The conversion happens at the moment the bank sends the money, not when it arrives. The rate on the confirmation can be compared against a rate seen at the same moment to see the bank's margin. An unpublished charge is not evidence of a large one, but it is a fact the reader should ask about.
Costs that run by the day against costs paid once
The spread and any commission are paid once per trade: on opening, the spread is the difference between the buy and sell price, and the commission is a separate charge on some account types. The overnight financing charge runs by the day: a position held past the daily rollover is charged or credited for each night held, and more nights over a weekend.
A position held for a long time accumulates the daily charge, which can become larger than the one-time spread. A reader should know the daily charge before holding a position overnight, and remember that it can be a credit as well as a charge.
FxPro is not registered with the Securities and Exchange Board of India. Its published licences are issued in the United Kingdom, Cyprus and The Bahamas; a resident of India therefore deals with a foreign firm. Indian foreign-exchange rules restrict remittances abroad for margin trading in currencies, so a charge that is cheap on the broker's page can still be undone by a transfer that is refused. Nothing on this site is investment advice.
A store page is not an account
What these pages read is the store's side: the listing. Opening a live account is a separate step with the broker, with identity checks and rules about sending money abroad that sit outside any app. Read the broker page before you decide, and do not trade with money you cannot afford to lose.
The account page →