How to Change Currency in FxPro
Switch your FxPro account currency easily in New Zealand. Access multiple currencies, manage trading preferences, and optimize your forex experience.
Understanding FxPro Currency Options in New Zealand
Our company provides multiple account currency options tailored for traders in New Zealand. We support AUD, EUR, GBP, CHF, HUF, and USD for your trading accounts. Selecting the right currency affects how your trades, profits, and fees are calculated. Many New Zealand clients prefer AUD to reduce currency conversion fees. However, USD remains a common choice for those trading global forex markets.
Choosing your account currency impacts how your balances and statements are displayed. This selection directly influences deposit and withdrawal procedures via New Zealand banking networks. Currency conversion rates are applied when funds move between your FxPro account and local banks.
| Currency | Conversion Rate Impact | Best For | Processing Time |
|---|---|---|---|
| AUD | Low (regional) | Australian market focus | 1-2 business days |
| USD | Medium | International trading | 2-3 business days |
| EUR | Medium-High | European market exposure | 2-4 business days |
| GBP | High | UK market trading | 3-5 business days |
Initial Account Currency Selection Process
When registering, select your preferred account currency carefully. This step occurs during the account setup on our registration page. You will find a dropdown menu offering all supported currencies including AUD, EUR, GBP, CHF, HUF, and USD. Selecting your currency before verification helps avoid additional fees later.
- Assess your primary trading instruments and markets
- Match currency to your New Zealand bank preferences
- Consider deposit and withdrawal frequency
- Align currency with your long-term strategy
- Account for currency conversion costs
Once set, your account currency governs all deposits, withdrawals, and profit calculations. Changing it later involves more complex procedures and may incur fees.
How to Change Currency in FxPro Through FxPro Direct
Accessing Currency Settings
Log in to your FxPro Direct portal with your email and password. Locate “Account Management” in the dashboard menu. Here, you will find your current account currency displayed at the top. Options to modify your currency appear in “Account Preferences” or “Currency Settings” depending on your verification status.
Currency Modification Requirements
Before submitting a currency change, complete all verification steps. Upload valid ID (passport or driver’s license) and proof of address (utility bill within six months). If requested, perform a liveness check via your mobile camera. All open trading positions and pending orders must be closed prior to changing currency.
Submitting Currency Change Requests
Use the FxPro Direct messaging system to send your currency change request. Include your account number, current verification status, and the new currency choice. Our New Zealand support team processes requests within 2-3 business days. Approval and currency updates take 5-7 business days after confirmation.
Trading Account Currency Management
Multiple Trading Account Setup
We allow multiple trading accounts under one FxPro Direct profile, each with different currencies. This setup avoids changing your primary currency while enabling currency diversification. Create accounts via the “Trading Accounts” tab, select account type (FxPro Standard or Raw+), then choose the currency and leverage settings.
Currency-Specific Trading Benefits
Each currency option offers distinct advantages. USD accounts reduce conversion spreads for major forex pairs. EUR accounts lower financing costs for European markets. AUD accounts minimize conversion fees for New Zealand and Asia-Pacific traders. GBP accounts suit those focusing on London trading sessions.
| Account Type | Currency Options | Leverage Range | Minimum Deposit |
|---|---|---|---|
| FxPro Standard | AUD, USD, EUR, GBP | 1:1 to 1:500 | $100 equivalent |
| FxPro Raw+ | AUD, USD, EUR, GBP | 1:1 to 1:500 | $100 equivalent |
| Demo Account | USD, EUR | 1:1 to 1:500 | Virtual funds |
Currency Conversion Impact on Trading
Your account currency influences profit and loss calculations, margin requirements, and risk management. We apply live conversion rates when trading instruments in different currencies. For instance, trading EUR/JPY with a USD account involves converting both currencies into USD for accurate reporting.
- Overnight swap fees are calculated in account currency
- Margin requirements adjust based on currency differences
- Profit/loss conversions depend on real-time rates
- Commission fees reflect the account currency
- Withdrawals are processed in your account currency
Conversion rates update every few seconds, ensuring precise trading data across all sessions. This helps maintain consistent reporting and risk control regardless of currency fluctuations.
Banking and Withdrawal Considerations
New Zealand Banking Integration
We support major New Zealand banks including ANZ, ASB, BNZ, and Westpac for deposits and withdrawals. Aligning your FxPro account currency with your local bank currency lowers fees and speeds up transfers. For New Zealand traders, using an AUD account reduces conversion charges.
Withdrawal Processing Times
Withdrawal durations depend on the currency and banking process. AUD withdrawals to New Zealand banks typically complete within 1-2 business days. USD withdrawals take longer, often 2-3 business days, due to international transfer protocols. Currency mismatches may cause additional charges by your bank.
Technical Platform Currency Features
Our platforms (MetaTrader 4, MetaTrader 5, and cTrader) display all data in your chosen account currency. Price quotes, profit calculations, and statements synchronize with FxPro Direct settings. Any currency changes automatically update across desktop, web, and mobile platforms.
Key currency-related features include:
- Multi-currency portfolio tracking
- Real-time currency conversion displays
- Currency-specific risk management tools
- Automated currency hedging options
- Cross-currency correlation analyses
| Feature | MetaTrader Support | cTrader Support | Mobile App Support |
|---|---|---|---|
| Multi-currency display | Yes | Yes | Yes |
| Real-time conversion | Yes | Yes | Yes |
| Currency hedging | Limited | Yes | Limited |
| Correlation analysis | Plugin required | Built-in | Basic |
Advanced Currency Management Strategies
Professional clients use multiple currency accounts for advanced trading tactics. These include currency diversification, hedging, and market-specific positioning. FxPro allows up to five trading accounts per profile, each with unique currency settings.
- Currency carry trades using various account currencies
- Cross-currency hedging across accounts
- Focus on regional markets with specific currencies
- Diversifying risk by holding multiple currency exposures
- Seasonal rotation of currency positions
Our platform supports risk controls such as currency-specific position limits, correlation-based risk management, and automated hedging. These tools assist in managing multi-currency exposure effectively.
| Strategy | Benefit | Implementation |
|---|---|---|
| Carry Trade | Profit from interest differentials | Use USD and AUD accounts |
| Cross-Hedging | Reduce currency risk | Open offsetting positions in different currencies |
| Regional Focus | Optimize market access | Select account currency by target market |
| Risk Diversification | Lower portfolio volatility | Spread exposure over multiple currencies |
| Seasonal Rotation | Align with economic cycles | Switch active accounts by season |
❓ FAQ
How do I change currency in FxPro if I already have an account?
Log into FxPro Direct, close all open positions, complete verification, then request a currency change via support messaging. Approval takes 2-3 business days and updates within a week.
Can I hold multiple currencies in one FxPro account?
You cannot hold multiple currencies in a single account, but you can create multiple trading accounts under one profile, each with its own currency.
What is the best currency for New Zealand traders?
AUD is generally best for New Zealand traders due to lower conversion fees and faster bank processing times, but USD or EUR may suit specific trading strategies better.
Does changing my account currency affect my open trades?
Yes. All open positions must be closed before changing your account currency to avoid calculation errors and ensure smooth conversion.
How does FxPro handle currency conversion fees?
FxPro applies competitive conversion rates with transparent fees when trades or deposits involve currency conversion. Bank fees may also apply when withdrawing to New Zealand banks.
