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Opinion on FxPro

  • #1
  • First Post: Sep 1, 2010 6:40am Sep 1, 2010 6:40am
Hi,
I'm new in forex and still practicing on demo but soon i'm gonna choose a broker and i think that's gonna be FxPro, so i would like to know what is your opinion on that broker? Is my money safe with them? And do you have your own experience with them?
  • #2
  • Sep 2, 2010 5:02am Sep 2, 2010 5:02am
with all the cash injections they are doing into branding - we are safe. i do trade with them, i also use couple other companies(ibfx as an example) just in case as well. however they are my primary execution vendors.

my rating - very decent company. nothing that special(which is good). spreads are much better then at ibfx. execution is fine. maybe on news not that good as i would ideally look for, but ... its news, what can you do.

p.s. i am not sure if with 7 posts you can discuss this topic.
  • #3
  • Sep 2, 2010 6:45am Sep 2, 2010 6:45am
Thanx for your answer. I read on some forums that they have strict withdrawing policy, there were some complaints about it so let me ask, is it easy to withdraw money, as i understood, you can only withdraw money with the same method which you've fund it (and a same amount you've fund it), and profit can only be withdraw with bank wire, right?
btw. yea i can discuss i'm not junior any more, now i'm member : )
  • #4
  • Sep 28, 2010 7:58am Sep 28, 2010 7:58am
So, does anyone wants to say anything more about this broker before i open an account ?
  • #5
  • Sep 28, 2010 10:07am Sep 28, 2010 10:07am
Quoting fx111
So, does anyone wants to say anything more about this broker before i open an account ?
FXPRO is very good broker. I trade with them and I'm very satisfied so far... It's good choice for first broker IMO.

Withdrawal requests are very easy and fast to fill (u don't need to make signature on every request and scan/fax to them)
  • #6
  • Sep 28, 2010 1:53pm Sep 28, 2010 1:53pm
Same here. Good broker, no problems trading (very few requotes when price moves fast and many of those requotes can be in your favor which tells me they don't try to get you, excellent spreads, instant execution). My withdrawals are fast. Customer service quick and typically answers all your questions. They don't have a problem with scalping, EAs, etc.
My only other broker experience was with ACM which was the exact opposite on all of the above.
  • #7
  • Sep 29, 2010 1:23am Sep 29, 2010 1:23am
Quoting kostas1
Same here. Good broker, no problems trading (very few requotes when price moves fast and many of those requotes can be in your favor which tells me they don't try to get you, excellent spreads, instant execution). My withdrawals are fast. Customer service quick and typically answers all your questions. They don't have a problem with scalping, EAs, etc.
My only other broker experience was with ACM which was the exact opposite on all of the above.
sounds too sweet. but on majority - i do agree.
  • #8
  • Oct 21, 2010 1:29am Oct 21, 2010 1:29am
too many requotes for my taste.
if the wind is blowing slightly and the market moves dont expect to close a position without being re-quoted untill it stands still again.
not advised for scalpers.
if you plan on longer times trading or trail your stops then you should be fine.
  • #9
  • Oct 25, 2010 8:49am Oct 25, 2010 8:49am
Fxpro are decent, but they don't allow US clients.

FXOpen would be a better choice.
  • #10
  • Oct 28, 2010 10:59am Oct 28, 2010 10:59am
been trading with them almost 2 years. No problem so far...
Great Bodies are Engineered not Born
  • #11
  • Oct 28, 2010 11:32am Oct 28, 2010 11:32am
this broker showed me the door in October of 2009 ( months before they officially banned Americans ) I programmed my own EA specifically to trade this broker. It traded a little over 1 year and, of course, made a profit. No reason was given until January 2010 as to why I was singled out(American). I still wouldnt trust this broker with a large deposit. Most small brokers dont like TAKERS-only GIVERS.
FF = Forex Faggots
  • #12
  • Dec 3, 2010 3:09pm Dec 3, 2010 3:09pm
Your money is safe with them. Are you planning to trade long time frames or do 1min scalping?
...
  • #13
  • Dec 10, 2010 4:55pm Dec 10, 2010 4:55pm
Your money is safe.You should be fine on the long time frames.

However,if you are going to trade the 1min charts/scalp which is what i did and the majority of the traders will be doing quite often.....
YOUR TRADES ARE NOT SAFE!

Traded for a long time.1min charts can be too profitable for the broker's liking.You are trading against them ie taking their money,ghost trading.Beware of the positive reviews, they are not all genuine.
...
  • #14
  • Dec 14, 2010 4:53am Dec 14, 2010 4:53am
i'm running a demo with FXPro at the moment. what i noticed is they have different symbol groups for forex majors and forex others. so for non-major Yen pairs their quotes are 4-digits e.g. CAD/JPY and AUD/JPY. while USD/JPY is 5-digits. i don't see such difference on Alpari.
http://4.bp.blogspot.com/_buPOR1D4eX...1k/s1600/1.png
  • #15
  • Dec 14, 2010 4:55am Dec 14, 2010 4:55am
Quoting fx111
Hi,
I'm new in forex and still practicing on demo but soon i'm gonna choose a broker and i think that's gonna be FxPro, so i would like to know what is your opinion on that broker? Is my money safe with them? And do you have your own experience with them?
have you compared FXPro with Alpari side-by-side? both have unlimited MT4 demo so you can compare the available symbol lists (they are different) and also the spreads and connecting speeds (data freeze, stuck quotes, hang, etc). i am deciding between these two at the moment for a MT4 live account.
  • #16
  • Dec 18, 2010 1:40am Dec 18, 2010 1:40am
Yesterday my stop loss got triggered in fxpro even tho the price never hit the stop loss price.

Im never trading live with fxpro after this
  • #17
  • Dec 18, 2010 2:19am Dec 18, 2010 2:19am
trading from last year with them....no problem so far
  • #18
  • Dec 18, 2010 8:35am Dec 18, 2010 8:35am
I decided to go with Oanda, but thanx for answers.
  • #19
  • Dec 24, 2010 3:49am Dec 24, 2010 3:49am
Quoting bjorken
Yesterday my stop loss got triggered in fxpro even tho the price never hit the stop loss price.

Im never trading live with fxpro after this
Have you counted in the spread? Maybe that is why your sl got triggered?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #20
  • Dec 24, 2010 6:27am Dec 24, 2010 6:27am
fxpro = decent broker. but no longer allow US clients.

fxopen is who i'm currently with now.
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