Does anybody have an account with FXPRO.com? | Forex Factory

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Does anybody have an account with FXPRO.com?

  • #1
  • First Post: Sep 30, 2009 10:38am Sep 30, 2009 10:38am
I am thinking of opening an account with FXPRO.com because of very low spreads.
If anybody have experience with FXPRO.com, please share with me.

Thanks
  • #2
  • Sep 30, 2009 1:37pm Sep 30, 2009 1:37pm
Yeah so far its OK.
  • #3
  • Sep 30, 2009 2:38pm Sep 30, 2009 2:38pm
It is ok for me to....
  • #4
  • Oct 1, 2009 1:47am Oct 1, 2009 1:47am
How many seconds to execute an order ?
Charting Markets into the Future...MǎҖ€¥.
  • #5
  • Oct 1, 2009 4:46am Oct 1, 2009 4:46am
I have. Any questions - please welcome.
  • #6
  • Oct 1, 2009 6:03am Oct 1, 2009 6:03am
Thanks everybody for their help.
Acrita, I have read very negative feedback about FXPRO on some other forums. Also, people told me to aviod it, as it is a scam and you will not be able to get the funds back. They also told me that there will be a hell of a difference b/w demo and live account performance on FXPRO.
Are my funds safe with FXPRO?
Can you please answer these questions?
Thanks
  • #7
  • Oct 1, 2009 6:57am Oct 1, 2009 6:57am
Live seems to be ok for me, in fast moving conditions u might get requotes! But that is just part of the biz!
  • #8
  • Oct 1, 2009 6:59am Oct 1, 2009 6:59am
also their spreads on the majors are really good 1 pip mostly on the eurusd. However their comissions on futures and metals spreads is way too high. thats one negative
  • #9
  • Oct 1, 2009 7:05am Oct 1, 2009 7:05am
Quoting pipPuller
Thanks everybody for their help.
Acrita, I have read very negative feedback about FXPRO on some other forums. Also, people told me to aviod it, as it is a scam and you will not be able to get the funds back. They also told me that there will be a hell of a difference b/w demo and live account performance on FXPRO.
Are my funds safe with FXPRO?
Can you please answer these questions?
Thanks
Please don't consider it an advertisement, I don't work for them
But as I said already somewhere at FF, so far so good. I can't say if anyone's funds secure with this or that broker, it's a hell of responsibility, if you know what I mean I just think they won't risk their reputation for several thousand bucks. If you don't trust fxpro - try fxcompany.net, pretty same conditions, but guys are quite new, they're much eager to earn their reputation, so they would hardly want to have bad feedback on the web

Ah.. forgot.. May Google be with you, Luke!
  • #10
  • Oct 1, 2009 7:17am Oct 1, 2009 7:17am
Its funny how everyone is concerned about their funds safety with everything going on in the USA especially with the FDIC LOL!
  • #11
  • Oct 1, 2009 7:35am Oct 1, 2009 7:35am
Been using them about one year, i don't have any problem.
  • #12
  • Oct 1, 2009 10:57pm Oct 1, 2009 10:57pm
Quoting pipPuller
Thanks everybody for their help.
Acrita, I have read very negative feedback about FXPRO on some other forums. Also, people told me to aviod it, as it is a scam and you will not be able to get the funds back. They also told me that there will be a hell of a difference b/w demo and live account performance on FXPRO.
Are my funds safe with FXPRO?
Can you please answer these questions?
Thanks
Not a scam and I got all my money when withdrawing, but their trade execution stinks. Everybody drools about their low spreads, but as I've posted other places, execution is everything and theirs isn't very good.

If you click "buy" on GU, then the order hangs for 3-4 seconds, and you end up getting filled 4 pips from where you clicked, what good are the low spreads? And execution is the one thing you cannot know about until you trade with them LIVE. Easy to advertise low spreads, blah blah blah, but will you know how their execution is by visiting their website?

Anyway, my opinion, but it is from trading a live account with them for what it's worth...
  • #13
  • Oct 2, 2009 1:17am Oct 2, 2009 1:17am
I am thinking of opening a second account. I already have an account with FXCM, but wanted to put some of my funds for different strategy. I think Alpari is good.
Thanks again for all the help.
  • #14
  • Oct 2, 2009 2:38am Oct 2, 2009 2:38am
i've wrote it number of times here on FF - execution is by far overtaking majority of brokers however it REALLY depends on the volume. lets say my 10-15+ lots were executed way faster then >1lot orders.. works fine for me. Not sure why this happens, but that's worth of mentioning.

with regards to spreads have a look here at ff on the news page there are all brokers quotes, therefore you can easily calculate spreads. really cool thingy btw. 95% of time fxpro has the best spreads.

i know it might sound very promotional whatsoever. the only thing i can tell that a) it works fine for me b) you never know unless you try it yourself.

cheers to everyone
  • #15
  • Oct 8, 2009 2:19am Oct 8, 2009 2:19am
It’s icrucial when looking for a new broker to be cautious and informed of each broker’s capability and financial stability – especially in today’s economic climate. There are several ways in which you can evaluate a broker before opting for one. In most cases the information to look for will be contained in that company’s website.


But to be safe, there are several key questions to ask before considering open an account.

· Are they regulated, and if so by which regulatory bodies, remember that regulations are different in U.S to Europe, Asia etc?

· Are they a member of any other professional body such as MiFID who carry their own regulations such as specific Capital Adequacy Ratio requirements, Best Execution Rules etc etc? Read Wiki article

· Do they participate in an ICF (Investor Compensation Fund) or similar, to indemnify your funds held by them in the event of insolvency or malpractice or otherwise on their part?

· Where do they hold your funds, which country? What account types - segregated or communal?

· What are the processing and expected delivery times for both deposits and withdrawals and any official documentation requirements that may hinder the process?

If any of these questions are not answered by the company’s website, never be afraid to ask for the assistance of their support department, it can often be a gauge of the performance of other services they offer.

After all, if you eat out in a restaurant and the table and cutlery are dirty, you can almost guarantee that the food preparation areas are in the same condition, and in my book, that only leads to one thing.

A reputable and reliable broker is the key to a successful trading experience. Good luck!
  • #16
  • Oct 10, 2009 7:12am Oct 10, 2009 7:12am
Quoting pipPuller
I am thinking of opening an account with FXPRO.com because of very low spreads.
If anybody have experience with FXPRO.com, please share with me.
Thanks
They are lying about their 0.8pip spread, actual execution is always above 2pips and I keep on getting requotes with forex. They are not to bad with sp500 , Dow and Oil though compared to others for the volumes. Best is Oanda nobody beats them, to bad they don't use Metatrader.
  • #17
  • Oct 10, 2009 9:02am Oct 10, 2009 9:02am
Quoting StephanusR
They are lying about their 0.8pip spread, actual execution is always above 2pips and I keep on getting requotes with forex. They are not to bad with sp500 , Dow and Oil though compared to others for the volumes. Best is Oanda nobody beats them, to bad they don't use Metatrader.
I dont have your problems. My spread on EurUsd is lowest between .8 and .5 a pip. (I just set my EA to only allow trades to fire if spread is below 1 pip). These peeps have been better than my US brokers except maybe MBT. If Oanda would bring their platform out of the stone ages they would do much better.
FF = Forex Faggots
  • #18
  • Oct 12, 2009 2:07am Oct 12, 2009 2:07am
Quoting 8fingers
I dont have your problems. My spread on EurUsd is lowest between .8 and .5 a pip. (I just set my EA to only allow trades to fire if spread is below 1 pip). These peeps have been better than my US brokers except maybe MBT. If Oanda would bring their platform out of the stone ages they would do much better.
fxpro has better spreads most of times then MBT...
  • #19
  • Oct 20, 2009 7:01pm Oct 20, 2009 7:01pm
I just talked to FXPro about opening a live account.

They are not accepting any new accounts from people in the USA.
  • #20
  • Feb 10, 2010 7:40am Feb 10, 2010 7:40am
Quoting rcbarlow
I just talked to FXPro about opening a live account.

They are not accepting any new accounts from people in the USA.
nee ne nenene)

he he, Europe for the win!!

What you have to do is just move to Monaco, or else where outside of the US - and then you can open an account with them, even if you are US citizen.

P.S. Be careful with those hot chicks at mote carlo casino!!!
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