Account Types with FxPro in Jordan

Overview of FxPro Account Types for Jordan Traders

FxPro offers multiple account types for different trading styles and experience levels. For clients in Jordan, we provide demo and live accounts across four platforms (MT4, MT5, cTrader, and FxPro Web). Each account type has specific features regarding instruments, spreads, leverage, and minimum deposit. You can also choose execution modes (netting or hedging) and request Islamic swap‑free conditions. The table below summarises the main differences.

This table helps you compare account types quickly. In the next sections we explain how to open each type. We also cover what to consider when trading from Jordan.

Choosing Between Demo and Live Accounts

Demo Account – The First Step for Jordan Beginners

If you are new to forex and CFD trading, start with a demo account. It simulates real market conditions without risking your own capital. To create a demo account through FxPro Direct, follow these steps:

• Log in to FxPro Direct (register first if you haven’t).
• Navigate to Wallet & Accounts and click Create Demo Account.
• Select the platform (MT4, MT5, cTrader, or FxPro Web).
• Choose your preferred currency (USD or EUR).
• Set the leverage (1:100 or 1:200 for beginners).
• Choose execution mode: netting or hedging.
• Enter the virtual balance (10 000 USD by default).
• Click Create. You will receive login credentials (server, username, password).

You can use the demo account for as long as needed. Many Jordan traders use it for 2–4 weeks before switching to live. The demo includes all instruments and real-time quotes. Slippage and execution speed may differ from live accounts. Test your strategies without financial risk.

Live Account – Real Trading from Jordan

When you are ready for real money, open a live account. The process requires identity verification and a deposit. First, complete your profile in FxPro Direct. Provide your name, date of birth, address in Jordan, and financial information (trading experience, income source). Then upload a clear copy of your Jordan national ID or passport. Also provide a proof of address (utility bill or bank statement) not older than 3 months. We verify your documents within one business day. After verification, fund your account. Choose the base currency (USD is most common for Jordan clients). Once funded, you can start trading immediately.

Platform-Based Account Types

MT4 Account

MetaTrader 4 is the most widely used platform among retail traders. Our MT4 account supports over 70 currency pairs, indices, commodities, and CFDs. It offers one-click trading, advanced charting tools, and support for Expert Advisors (EAs). To use MT4, download the desktop client from our website or install the mobile app. After creating your account in FxPro Direct, you will receive the server address (FxPro-MT4) and your login credentials. Open MT4, go to File → Login to Trade Account, enter your details, and choose the correct server. Execution speed averages 40 ms for most order types.

MT5 Account

MT5 is the successor to MT4 with additional timeframes and built-in indicators. It also supports hedging (unlike MT4 which only allows netting by default). Our MT5 account includes all asset classes plus deeper market depth. The login process is identical to MT4 but uses the server FxPro-MT5. Note that some custom EAs from MT4 may not work on MT5 without modification. The platform includes an economic calendar and more analytical tools.

cTrader Account

cTrader is a professional platform favoured for raw spreads and transparent order books. Our cTrader account charges a commission of $7 per lot round turn. Spreads start from 0.0 pips on major pairs. It provides level II pricing and advanced order types (stop limit, trailing stop). To access cTrader, download the app from our website or use the web version. Login with your cTrader ID (separate from FxPro Direct). This platform is ideal for scalpers and algorithmic traders.

FxPro Web Account

Our proprietary web-based platform runs directly in your browser without installation. It is designed for traders who prefer quick access from any device. The FxPro Web account supports hedging and netting. It includes the same instruments as MT4. You can open charts, set orders, and manage positions with a clean interface. To use it, go to our website, click Web Trading, and log in with your FxPro Direct credentials. No downloads or updates required.

Execution Modes – Netting vs. Hedging

Netting Explained

Netting aggregates multiple positions of the same instrument into one net position. For example, if you buy 1 lot EUR/USD then later buy another 0.5 lot, you have a single long position of 1.5 lots. This mode is simpler and reduces margin usage. It is required for MT4 accounts (only netting) and optional for MT5, cTrader, and FxPro Web. Netting works best for directional strategies.

Hedging Explained

Hedging allows you to hold both buy and sell positions on the same instrument simultaneously. This is useful for grid trading or holding a long-term position while short-term hedging. MT5, cTrader, and FxPro Web support hedging. When choosing an account type, consider whether your strategy requires hedging. Most Jordan traders start with netting to avoid complexity. You can switch modes later by creating a new account.

Islamic (Swap-Free) Accounts for Jordan Clients

Many traders in Jordan request swap-free Islamic accounts due to religious guidelines. FxPro offers Islamic accounts on all platforms. In an Islamic account, no swap interest is charged or earned on positions held overnight. To request this account type, contact our support team after registration. We will convert your existing live account to swap-free. Some instruments (especially shares and crypto CFDs) may incur admin fees after a certain holding period. The table below shows the key terms for Islamic accounts.

Your account remains swap-free as long as you hold eligible positions. If you close before the admin fee period, no extra charge applies. We recommend requesting swap-free status at account creation. This avoids unintended swaps on short-term trades. Contact us via live chat for fastest processing.

How to Open and Manage Multiple Accounts

You can hold up to 10 different trading accounts under one FxPro Direct profile. This is useful for separating demo and live accounts or running multiple strategies. To add a new account, go to Wallet & Accounts and click Create New Account. Choose the platform, currency, and execution mode. Each account gets its own login credentials. You can transfer funds between accounts instantly using the Transfer function within FxPro Direct. For example, move profits from your MT4 account to your cTrader account without withdrawal fees. This feature helps you diversify trading styles without additional paperwork. Monitor all accounts from the FxPro Direct dashboard. Each account shows separate balance, margin, and open positions. You can also close or archive unused accounts at any time. Our support team can assist with account management during business hours (GMT+2).

Funding Your Accounts and Currency Selection

Deposit Methods for Jordan

We accept several deposit methods for Jordan clients. You can use Visa/Mastercard (debit or credit), bank wire transfer, or online payment processors available in your region. The minimum deposit for a live account is 100 USD (or equivalent in EUR/GBP). Deposits are credited to your FxPro Wallet first. From there, you transfer funds to your chosen trading account. We do not charge deposit fees, but your bank or card issuer may apply a conversion fee if your account is in a different currency. Deposits via card are processed instantly. Bank wires take 1–3 business days to clear.

Choosing the Base Currency

When opening a live account, you select a base currency (USD, EUR, GBP, JPY, CHF, etc.). For Jordan residents, USD is recommended because most instruments are priced in dollars. The Jordanian dinar is pegged to the USD, which reduces conversion costs. You can also open accounts in EUR if you trade euro-denominated crosses. Each account type allows a different base currency. You can have multiple accounts with different base currencies under one profile. This flexibility helps you manage exchange rate risk. Monitor your margin level and free margin on the FxPro Direct dashboard. We provide real-time risk metrics for each account separately.

Tips for Selecting the Right Account Type

• Experience level – Start with demo, then move to a standard live account (MT4 or MT5). Avoid cTrader initially unless you prefer raw spreads and commissions.
• Trading style – Scalpers may favour cTrader with low spreads. Swing traders can use MT4 with netting. Hedgers should choose MT5 or FxPro Web.
• Device usage – If you trade on mobile, all platforms have apps. For desktop automation, MT4/MT5 are better. FxPro Web is best for occasional trading without downloads.
• Regulatory compliance – Our accounts are regulated by FCA, CySEC, and other bodies. Jordan traders fall under our international (CySEC) entity unless otherwise notified.
• Islamic requirements – Request swap-free before opening positions to avoid unintended swaps. You can switch later, but we recommend setting it at account creation.

Consider these factors carefully when choosing your account type in Jordan. We also provide a free basics course on our education page. Use the demo account to test different account types without financial commitment. Our support team is available 24/5 via live chat and email. They can help you select the best account type for your needs.

Once you have selected the appropriate account type, proceed to verification and funding. Our support team is available 24/5 via live chat and email. We assist Jordan clients with any account-related questions. Start with a demo account to test your strategy first. Then move to a live account when you are ready.