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What do you think about FX Pro?

  • #21
  • Jan 26, 2010 2:35am Jan 26, 2010 2:35am
Now look at those spreads!! Thats what i am talking about.
http://www.forexfactory.com/news.php
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  • #22
  • Jan 26, 2010 2:44am Jan 26, 2010 2:44am
Just had another look through the thread.

To get it SORTED OUT finally, just send them all docs as i did - and NO problems.

I just like the bloody claims from dumb-ass people who cant read. All the procedures are described in their's FAQ, straight and clear - just follow them, how hard this can be. And this applies not only to FxPro but for all brokers, i see such claims almost for all brokers - RTFM!

With ANY regulated brokers - if you face or even think that there is something wrong, you can always send a complaint to regulator for god sake, and they will have troubles

To underline it - i am happy with FxPro's performance so far, amazed with spreads and no of instruments. Full stop.

P.S. was writing it with emotions, so apologies in advance for expressions used.
  • #23
  • Jan 26, 2010 11:31am Jan 26, 2010 11:31am
Quoting jagui
...As far as I know, recently the NFA banned cfd trading for americans, and fxpro only offers cfds, even their forex offer is cfd, not spot forex (they confirmed this to me on a live chat), so they have nothing to offer to americans, thanks to the regulators.
AFAIK the NFA has no jurisdiction over Cyprus
  • #24
  • Jan 27, 2010 1:21am Jan 27, 2010 1:21am
Quoting rossiya
AFAIK the NFA has no jurisdiction over Cyprus
This does affect US citizens thou, look at the withdrawals that have been recently done(cmc etc).

Anyway this has nothing to do with this thread.
  • #25
  • May 5, 2010 2:33am May 5, 2010 2:33am
Quoting 8fingers
They hate Americans now.
I was IB for that perfect scam company ..
i introduced many US clients

soon after ..
They canceled US to open new accounts


Next step i introduced institutionals from europe

soon after ..
They canceled my whole Ib contract ...[No reason]


Maybe they just hate me !! Not americans!

I was IB and payed my clients 0.3 pip every month
Now i share 80 % rev Spread on Dukascopy Accounts and Duka pays it directly to the client

No more stress for me or dealing with this market makers

GO ECN
  • #26
  • May 5, 2010 10:47am May 5, 2010 10:47am
I am just curious if anyone who deals with FXPro has noticed there is no access to the DOW or S&P the last few days? Wonder why?
  • #27
  • May 5, 2010 11:26am May 5, 2010 11:26am
Quoting kimd
I am just curious if anyone who deals with FXPro has noticed there is no access to the DOW or S&P the last few days? Wonder why?
Same here. Don't know what happened.
  • #28
  • Edited Sep 16, 2010 8:16am Sep 15, 2010 9:55pm | Edited Sep 16, 2010 8:16am
Would never use them as a broker. At Monaco Grand Prix FXPro had their own yacht. Sponsoring an F1 team and two major U.K. soccer teams (very, very expensive) is a huge warning flag. It's customers' money folks. Thinking of classic 1940 book on follies of Wall Street, Where Are the Customers' Yachts? If their FX business is doing so great for their customers, where are their customers' yachts? http://cdn.forexfactory.com/images/smilies/yim/doh.gifProb. aiming at many U.K. users of CFD brokers. A lot of new suckers.

Title is from an apocryphal story about a visitor to New York who admired bankers/brokers' yachts in in harbor. Naively, he then asked where the customers' yachts were. Naturally, there were no customers' yachts. Ditto for FXPro owners living the high life at Monaco Grand Prix, prob. on the basis of MT4 Virtual Dealer Plugin, etc....

This should make it very clear:

http://ftalphaville.ft.com/blog/2010...n-f1-meets-fx/
Attached File(s)
File Type: pdf metatrader_virtual_dealer_plugin.pdf   208 KB | 555 downloads
  • #29
  • Sep 16, 2010 8:24am Sep 16, 2010 8:24am
dont get me wrong, i dont have yacht at Mote-Carlo, but ve seen those

anyways, from my perception their huge F1 and EPL Football sponsorships = paying off credibility... nothing more, nothing less.

and yes, new Deutsche Bank prestigious hugely expensive HQs buildings are build on clients money as well, isnt it?
  • #30
  • Sep 23, 2010 6:00pm Sep 23, 2010 6:00pm
Quoting squaw
and yes, new Deutsche Bank prestigious hugely expensive HQs buildings are build on clients money as well, isnt it?
....from their legit. commercial lending to business, and in trading mainly from earning the spread for the service of providing liquidity or proprietary trading in the market generally--not against their customers exclusively. Big, big difference.

On the banking side of the biz it's a CRIME to give advice to a client then trade against them and that purportedly "sincere" advice (to do the old switcheroo, which is standard practice for FX dealers like FXPro using the virtual dealer plugin for MT4, or their own equivalent in house).

Another thing to keep in mind is that many of these dodgy FX dealers in places like Cyprus, Mauritius etc. are most likely, in part, also fronts for laundering organized crime money (prob. Russian). Who knows who their real owners are, or the real "friends" of the owners are. FX business with huge cash flow is a great cover to launder $100s of millions. Why do you think FXOpen is being chased around and having licensing problems and locating in a bizarre place like Mauritius? See McMafia by Misha Glenny on these flows.

Last time I checked Russian billionaires had quite the interest in owning U.K. soccer teams.
  • #31
  • Sep 27, 2010 4:21am Sep 27, 2010 4:21am
Doggy places like London you meant? And doggy regulators like FSA.

http://www.fsa.gov.uk/register/firmR....do?sid=228715

on top, check www.londonstockexchange.com for fxpro, you'll find all info that you are looking for.

couple last notes from my side:

1. it clearly says that they are market makers. and i dont see anything bad with that. i always get filled fully. if not - just switch to saxo or ig, all of them are MM. fact.
2. i have never been given and/or advised of what and how to trade, i was asking for it.. and was officially refused. thats a fact.
3. if you were a client and traded with them, i doubt you would have any issues. "IF"s are not counted in. close to being a fact.
  • #32
  • Sep 29, 2010 1:43am Sep 29, 2010 1:43am
New to the forex and im testing many brokers demos at the moment - so far FxPro is doing a good job with demo.

im also testing oanda tdfx and alpari to name a few, fxpro is easily in the top two of those im testing thus far....will see how it progresses
  • #33
  • Sep 29, 2010 5:58am Sep 29, 2010 5:58am
Quoting WalterFxUk
New to the forex and im testing many brokers demos at the moment - so far FxPro is doing a good job with demo.

im also testing oanda tdfx and alpari to name a few, fxpro is easily in the top two of those im testing thus far....will see how it progresses
how do you compare whats "good" and whats "not good" on demos? practice shows demo's have nothing to do with real life..

alpari, oanda, fxpro - very decent companies.

tdfx - surprised that it event went through your short list. scrap it.
  • #34
  • Sep 30, 2010 4:03am Sep 30, 2010 4:03am
forums are one of the famous spots for brokers to attract clients .. there is many undercover spammers which dont cost a lot and reporting from good demo accounts

until the people who read this and sign up with the broker later end in section FXPRO.COM SCAMMED ME what do i do ...

stop it
  • #35
  • Sep 30, 2010 4:23am Sep 30, 2010 4:23am
I used to like fxpro. Some year ago. After i managed to 9x my account(yes, kamikaze account), in couple weeks. When they noticed my gains they started to fuck with me. Lots of re-quotas, disconnections, delays etc.. and all the tricks they could use. They are definedly running virtual dealer plugin. It was very hard to trade in fast moving markets. I traded mostly intraday breakouts. They obviously put me on the "profitable traders list". Got my money out and havent put anything back after that. That was almost a year ago already.
  • #36
  • Sep 30, 2010 5:28am Sep 30, 2010 5:28am
Quoting johto
I used to like fxpro. Some year ago. After i managed to 9x my account(yes, kamikaze account), in couple weeks. When they noticed my gains they started to fuck with me. Lots of re-quotas, disconnections, delays etc.. and all the tricks they could use. They are definedly running virtual dealer plugin. It was very hard to trade in fast moving markets. I traded mostly intraday breakouts. They obviously put me on the "profitable traders list". Got my money out and havent put anything back after that. That was almost a year ago already.
maybe you should try fxopen?
Enter Signature
  • #37
  • Sep 30, 2010 9:57am Sep 30, 2010 9:57am
Quoting vosterfxandy
maybe you should try fxopen?
Huh? Why? It seems they are even bigger scammers. Havent you done any search, just try search "fxopen" here at forexfactory.
  • #38
  • Sep 30, 2010 4:06pm Sep 30, 2010 4:06pm
Quoting squaw
Doggy places like London you meant? And doggy regulators like FSA.

http://www.fsa.gov.uk/register/firmR....do?sid=228715

on top, check www.londonstockexchange.com for fxpro, you'll find all info that you are looking for.

couple last notes from my side:

1. it clearly says that they are market makers. and i dont see anything bad with that. i always get filled fully. if not - just switch to saxo or ig, all of them are MM. fact.
2. i have never been given and/or advised of what...

Squaw. I am new to this and have just opened up a demo ac with fxpro. Mainly because of the spreads which you pointed out in an earlier posting, but also to learn the MT4 platform, which seems to be essential in fx trading.

Now my questions:

1. Does it make any difference to trading fx if they offer only cfd's?
2. You mention IG which I already use, but they don't use MT4.

Any info/advice will be welcome.
  • #39
  • Oct 1, 2010 1:36am Oct 1, 2010 1:36am
Quoting hawthornwill
Squaw. I am new to this and have just opened up a demo ac with fxpro. Mainly because of the spreads which you pointed out in an earlier posting, but also to learn the MT4 platform, which seems to be essential in fx trading.

Now my questions:

1. Does it make any difference to trading fx if they offer only cfd's?
2. You mention IG which I already use, but they don't use MT4.

Any info/advice will be welcome.
> My point is that you really need to check live accounts. i.e. i have more problems with fxpro demo then with fxpro real, for some bloody reason i have "contest busy". in real - much, much better. not sure if the same happens with the rest. conclusion - try real accounts with min depo with the companies you've picked. and then choose.

1. absolutely not. same egg different angle
2. i recon you are using IG index, which is spread betting rather then CFDs. i prefer CFDs, more straight forward. Just fyi, both IG Markets(CFDs) and IG Index(Spread Bet) - very decent, in the same way as FxPro. Both are FSA regulated(in case of FxPro its fxpro UK) both are listed on LSE, both will be screwed if something will go wrong.
  • #40
  • Oct 1, 2010 12:50pm Oct 1, 2010 12:50pm
Quoting johto
I used to like fxpro. Some year ago. After i managed to 9x my account(yes, kamikaze account), in couple weeks. When they noticed my gains they started to fuck with me. Lots of re-quotas, disconnections, delays etc.. and all the tricks they could use. They are definedly running virtual dealer plugin. It was very hard to trade in fast moving markets. I traded mostly intraday breakouts. They obviously put me on the "profitable traders list". Got my money out and havent put anything back after that. That was almost a year ago already.
That's simply because they're a market maker. But among the MM, FxPro is one of the most convenient, given the low spreads and also because they don't charge any fees for withdrawals.

Obviously MM are good for principiant, to get experienced thanks to low deposits required and low minimum trade size allowed. Once you wanna start making things seriously you must trade in real market (ECN, futures).

The proof they're serious is that they gave back all your money, profits included; many others MM would have locked your account.
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