Which Broker is truly reliable? | Forex Factory

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Which Broker is truly reliable?

  • #1
  • First Post: Apr 4, 2012 9:10pm Apr 4, 2012 9:10pm
1 year ago I opened an account with FxPro, i spend 6 months trading my system with a lot of discipline and had an average growth of 35% per month without a single lossing month. After that time my account grew from $2.500 to $15.000 usd, when I finally decided to ask a withdrawal never came to my account.
The first withdrawal was for $2,500 and only received $100 usd, the second was for $1,000 and never got anything. In the end very angry decided to ask my account total remaining of $11,500 usd and neither received any transfer.
Spend months trying to get my money back, my bank even opened an investigation and the result was FXPro never sent the money, the tracking numbers they sent to me were false, and did not correspond to any transfer. So i lost mi investment and several months of work.

Now i want to try again but distrust of brokers, can someone tell me if you have had positive results with any broker and receiving the profits and withdrawals successfully ???

Thanks,
John L.
  • #2
  • Apr 5, 2012 12:18am Apr 5, 2012 12:18am
Ducaskcopy , MIG bank , Oanda ...They're the best brokers if your country does support bank wire , forget about others crap and find a big one to trade once you wanna to trade for a long time with big capital
  • #3
  • Apr 5, 2012 1:41am Apr 5, 2012 1:41am
Quoting PipQuantum
1 year ago I opened an account with FxPro, i spend 6 months trading my system with a lot of discipline and had an average growth of 35% per month without a single lossing month. After that time my account grew from $2.500 to $15.000 usd, when I finally decided to ask a withdrawal never came to my account.
The first withdrawal was for $2,500 and only received $100 usd, the second was for $1,000 and never got anything. In the end very angry decided to ask my account total remaining of $11,500 usd and neither received any transfer.
Spend months...
It's a FSA regulated broker, isn't it? Might you can complain via FSA regarding to your problem.

Anyway, It's really scary.. and so sorry to hear it.
  • #4
  • Apr 5, 2012 2:04am Apr 5, 2012 2:04am
Quoting PipQuantum
1 year ago I opened an account with FxPro, i spend 6 months trading my system with a lot of discipline and had an average growth of 35% per month without a single lossing month. After that time my account grew from $2.500 to $15.000 usd, when I finally decided to ask a withdrawal never came to my account.
The first withdrawal was for $2,500 and only received $100 usd, the second was for $1,000 and never got anything. In the end very angry decided to ask my account total remaining of $11,500 usd and neither received any transfer.
Spend months...
FXPRO!?!?!!? WOW ....THANKS FOR THE INFO....and I was going to open an account with these crims......
  • #5
  • Apr 5, 2012 2:09am Apr 5, 2012 2:09am
Quoting HoangTuan
Ducaskcopy , MIG bank , Oanda ...They're the best brokers if your country does support bank wire , forget about others crap and find a big one to trade once you wanna to trade for a long time with big capital
HoangTuan, have you actually withdrew funds from these brokers consistently?
  • #6
  • Apr 5, 2012 2:16am Apr 5, 2012 2:16am
Quoting PipQuantum
1 year ago I opened an account with FxPro, i spend 6 months trading my system with a lot of discipline and had an average growth of 35% per month without a single lossing month. After that time my account grew from $2.500 to $15.000 usd, when I finally decided to ask a withdrawal never came to my account.
The first withdrawal was for $2,500 and only received $100 usd, the second was for $1,000 and never got anything. In the end very angry decided to ask my account total remaining of $11,500 usd and neither received any transfer.
Spend months trying...
Why do people even open accounts with brokers like FXPros? Do you not understand the point of regulation? Without it, they can just steal from you. OMG. Dukas is a scam too. I would stick to Oanda or MB Trading. I have account ith MB for 4 months, my EA turned $6000 into $11,000 and I withdrew $8000...same day, no problem. Why would you mess with junk like FXPros.
  • #7
  • Apr 5, 2012 2:46am Apr 5, 2012 2:46am
this is very hard to believe ....a bucketshop rarely refuses to refund clients money coz that's the unforgivable sin.I know guys who use fxpro and apart from freezing platform and slippage especially if you are winner were the only ills.
I would be totally shocked if a shop that sponsors fulham team to stoop so low.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #8
  • Apr 5, 2012 3:36am Apr 5, 2012 3:36am
Quoting fxstevyboy
Why do people even open accounts with brokers like FXPros? Do you not understand the point of regulation? Without it, they can just steal from you. OMG. Dukas is a scam too. I would stick to Oanda or MB Trading. I have account ith MB for 4 months, my EA turned $6000 into $11,000 and I withdrew $8000...same day, no problem. Why would you mess with junk like FXPros.
OANDA and MB Trading are NFA's brokerages and agree with you They are reliable brokerages. Just curious, in what points You said that Dukas is a scam? Dukas has well reputation in long time in this kind of business.
  • #9
  • Apr 5, 2012 5:26am Apr 5, 2012 5:26am
The best first..


1. Lmax , the only spot exchange in the world , Armada for small accounts

2. MBTrading

3. Oanda
  • #10
  • Apr 5, 2012 7:14am Apr 5, 2012 7:14am
Quoting KhamidSan
OANDA and MB Trading are NFA's brokerages and agree with you They are reliable brokerages. Just curious, in what points You said that Dukas is a scam? Dukas has well reputation in long time in this kind of business.
Not to mention they also have a swiss banking license and have been around for over a decade.
  • #11
  • Apr 5, 2012 12:21pm Apr 5, 2012 12:21pm
I've been with Global Forex Trading for several years. For a $25 fee it is wired in my bank the next business day. Have made numerous withdrawls over the years and have yet to not receive the funds within 24 hrs. Top notch customer service. highly recommend.
  • #12
  • Apr 5, 2012 12:39pm Apr 5, 2012 12:39pm
Hi, traders! I'm a newbie in forex trading and I want to ask some advise. I've been trading on a demo account for 6 months and I think that now I'm ready to start on reall account. I want to trade on currency pairs and have 3000 $ deposit. Which broker can you advice me? I want broker which has low spreads, instant execution and no problems with money withdrawal?
Thanks for your replies
  • #13
  • Apr 5, 2012 12:40pm Apr 5, 2012 12:40pm
omg ... I'm opening an account at Fxpro, anyone here has the same problem wit Fxpro yet?
  • #14
  • Apr 5, 2012 12:40pm Apr 5, 2012 12:40pm
I'd rather go with Oanda, Pepperstone or Armada Markets. Don't know this company you mentioned.
  • #15
  • Apr 5, 2012 1:10pm Apr 5, 2012 1:10pm
Before I read the post above I never heard complains from Fx pro traders
  • #16
  • Apr 5, 2012 1:27pm Apr 5, 2012 1:27pm
Quoting fxstevyboy
Why do people even open accounts with brokers like FXPros? Do you not understand the point of regulation? Without it, they can just steal from you. OMG. Dukas is a scam too. I would stick to Oanda or MB Trading. I have account ith MB for 4 months, my EA turned $6000 into $11,000 and I withdrew $8000...same day, no problem. Why would you mess with junk like FXPros.
Alright someone has to ask so I'll bite, which EA was it?
  • #17
  • Apr 5, 2012 6:40pm Apr 5, 2012 6:40pm
Quoting PipQuantum
1 year ago I opened an account with FxPro, i spend 6 months trading my system with a lot of discipline and had an average growth of 35% per month without a single lossing month. After that time my account grew from $2.500 to $15.000 usd, when I finally decided to ask a withdrawal never came to my account.
The first withdrawal was for $2,500 and only received $100 usd, the second was for $1,000 and never got anything. In the end very angry decided to ask my account total remaining of $11,500 usd and neither received any transfer.
Spend months...
Rather than trying to find a new broker to put more money potentially at risk, why not spend more time trying to get your 15k back? Post is either a troll or really doesnt care about having money taken from him.
  • #18
  • Apr 5, 2012 7:06pm Apr 5, 2012 7:06pm
Quoting PeterParker
Before I read the post above I never heard complains from Fx pro traders
Everyone have different experience with brokers . Even with Dukcas ,Oanda , FXCM , alpari , just google and you will find alot of scam alert lol .
  • #19
  • Apr 6, 2012 3:13am Apr 6, 2012 3:13am
For me the most reliable broker is those who has no problems with money withdrawal? If you can't withdraw your money for what is trading for?
  • #20
  • Apr 6, 2012 11:08am Apr 6, 2012 11:08am
Bro, why don't just report to FSA UK, and let us see how FXPRO respond?

cheers
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