Trade gold with FxPro

Platforms for gold trading

FxPro gives you four ways to trade gold: MetaTrader 4, MetaTrader 5, cTrader and the FxPro app. MT4 is the classic choice with the largest library of custom indicators and expert advisors, while MT5 adds more timeframes, depth of market and a built-in economic calendar. cTrader is known for its fast execution and intuitive interface, and the FxPro app lets you manage trades from your phone.

All four platforms support XAU/USD with the same underlying liquidity from FxPro, so the spreads and execution are consistent. The choice comes down to your trading style: if you use automated strategies, MT4 or MT5 is likely best; if you prefer a modern, clean interface, cTrader may suit you. The app is useful for monitoring positions and setting alerts when you are away from your desk.

Funding from South Africa and account types

South African traders can fund an FxPro account via EFT (electronic funds transfer) in rands, which is the most common local method. FxPro also supports bank cards and other payment methods, but EFT is usually the cheapest and most convenient for larger deposits. Withdrawals are processed back to the same method where possible.

FxPro offers different account types, including standard and raw spread accounts, but the specific minimum deposits and spreads vary by entity and are not fixed. The key is that entry is low, and you can start with a small amount while you test the platforms. Always check the current terms on FxPro’s website for South Africa, because promotions and account details change.

The honest risk and regulation note

Trading gold on leverage is high risk, and you can lose more than you deposit. FxPro is licensed by the FCA in the UK and CySEC in Cyprus, and an FxPro entity holds an FSCA licence in South Africa — but you must check which entity your own account is opened with, because the protections and leverage limits differ. The FCA, for example, caps leverage for retail clients, while other regulators may allow higher leverage.

Do not treat leverage as free money. At 1:500 leverage, a small adverse move can wipe out your margin quickly, as shown in the margin calculator. Use the tools on this site to plan every trade, set a stop loss, and never risk money you cannot afford to lose. FxPro provides the platform and execution, but the risk is yours to manage.

How to open and fund an account

Opening an FxPro account takes a few minutes online. You provide your personal details, choose an account type and platform, and verify your identity with a copy of your ID and proof of address. South African residents will typically be onboarded by the FSCA-regulated entity, but confirm this during the application.

Once your account is verified, you can fund it via EFT in rands. The deposit usually reflects within one to two business days, depending on your bank. After funding, log in to your chosen platform, search for XAU/USD, and you are ready to trade. Start with a demo account if you are new — FxPro offers demo accounts with virtual funds so you can practise without risking real money.

FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa — check which entity your own account is opened with. Trading gold on leverage is high risk and you can lose more than you deposit.