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Experiences with FxPro

  • #301
  • Nov 26, 2012 3:34pm Nov 26, 2012 3:34pm
Quoting freak2star
I stopped dealing with them last year when i held some Lots in USDCHF position for the long and got a margin call, although immediately the pair then went up BIG TIME. As a market maker they opened an opposite position till all my positions where stopped out.
I lost 20 k in only a few hours.(still got the screenshots). Only a few days later would have been worth 80 k. No more Fxpro !
I got a call some days ago when a lady from Fxpro told me "We are no MarketMaker any longer, we do not profit from our client losses any more"
Well that did not...
I had a similar experience.
Stay away from fxpro.
"We are no MarketMaker any longer, we do not profit from our client losses any more"
This means that they made a profit from client losses in the past.
  • #302
  • Nov 26, 2012 3:59pm Nov 26, 2012 3:59pm
Quoting freak2star
I stopped dealing with them last year when i held some Lots in USDCHF position for the long and got a margin call, although immediately the pair then went up BIG TIME. As a market maker they opened an opposite position till all my positions where stopped out.
I lost 20 k in only a few hours.(still got the screenshots). Only a few days later would have been worth 80 k. No more Fxpro !
I got a call some days ago when a lady from Fxpro told me "We are no MarketMaker any longer, we do not profit from our client losses any more"
Well that did not...
Sorry to hear about this, what broker do you use now ?
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #303
  • Nov 26, 2012 7:39pm Nov 26, 2012 7:39pm
Quoting aviz12
Sorry to hear about this, what broker do you use now ?
Real account with Fxprimus: just nice, also Rvd Markets, but this comes with an own thread
the haunt continues with OctaFX. Equity is up nearly 300 % in 2 months, but instead of similiar problems to Fxpro, this means requoting and the opening of opposite orders, they just keep rejecting withdrawal demands for no reason, also they say they have "real" ECN, but why no commission then?!? (also will come in an own thread)
ECN doesn't directly have to mean that the Fxbroker is no Market Maker. Fxpro told me they have ECN now and No Dealing desk, but somehow they don't process your orders directly, meaning they are checked by somethig like a dealing desk.
  • #304
  • Nov 26, 2012 10:01pm Nov 26, 2012 10:01pm
Quoting freak2star
Real account with Fxprimus: just nice, also Rvd Markets, but this comes with an own thread
the haunt continues with OctaFX. Equity is up nearly 300 % in 2 months, but instead of similiar problems to Fxpro, this means requoting and the opening of opposite orders, they just keep rejecting withdrawal demands for no reason, also they say they have "real" ECN, but why no commission then?!? (also will come in an own thread)
ECN doesn't directly have to mean that the Fxbroker is no Market Maker. Fxpro told me they have ECN now and No Dealing desk,...
You are right.
  • #305
  • Nov 26, 2012 10:22pm Nov 26, 2012 10:22pm
Quoting freak2star
ECN doesn't directly have to mean that the Fxbroker is no Market Maker. Fxpro told me they have ECN now and No Dealing desk, but somehow they don't process your orders directly, meaning they are checked by somethig like a dealing desk.
Aha

How did you figure out that they have a dealing desk and check your orders?
  • #306
  • Nov 27, 2012 6:58am Nov 27, 2012 6:58am
Quoting slovforex
Aha

How did you figure out that they have a dealing desk and check your orders?
I don't get the point what should be so funny about that

Well again, the lady on the phone told me :

"You're orders are just collected in an order pot and checked, then transmitted "
  • #307
  • Nov 27, 2012 11:32am Nov 27, 2012 11:32am
Quoting freak2star
I don't get the point what should be so funny about that

Well again, the lady on the phone told me :

"You're orders are just collected in an order pot and checked, then transmitted "
He was so happy you found out that, it took slovfx long time to find out..
  • #308
  • Nov 27, 2012 6:45pm Nov 27, 2012 6:45pm
Quoting MoreYummy
He was so happy you found out that, it took slovfx long time to find out..
Are they still taking position against the trader?
Or passing the trade to the market..?
As per there current model they say its full ECN Agency model.. How true is that ?

Anyone currently trading with them, how is the experience ?

Surely there Ctrader stucks alot..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #309
  • Dec 7, 2012 7:03am Dec 7, 2012 7:03am
Post was late.
But i have question.
file attachment.
This day,
Spikes has occured.
But
Now fxpro has been modified.(now,spike on 5min.chart cannot viewd.)
This is true ecn?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 13 KB
Click to Enlarge Name: audjpy.png Size: 15 KB
Click to Enlarge Name: gbpjpy.png Size: 13 KB
Attached Image
  • #310
  • Dec 9, 2012 9:44pm Dec 9, 2012 9:44pm
Quoting entheos
Post was late.
But i have question.
file attachment.
This day,
Spikes has occured.
But
Now fxpro has been modified.(now,spike on 5min.chart cannot viewd.)
This is true ecn?
thanks entheos,
is it demo or real?
  • #311
  • Dec 9, 2012 10:09pm Dec 9, 2012 10:09pm
Quoting slovforex
thanks entheos,
is it demo or real?
hi,slovforex.
Did you have a good weekend?
Needless to say,REAL.
Bye.
  • #312
  • Dec 11, 2012 2:34am Dec 11, 2012 2:34am
Dear members,

 An account reaching Margin Call means the funds are at the very bare minimum and we would always recommend that any client monitors this in order to avoid a Margin Call where possible. However, we do not trade against our clients as traditional Market Makers. You are also correct in that we are no longer a Market Maker and instead operate under an Agency Model giving the client yet more benefits when trading. The primary benefits of the Agency Model being that your trading is completely conflict free with FxPro sharing your best interests, being successful and making money. The ECN cTrader platform also offers you direct insight in to the market with Level II Market Depth viewable directly from the platform. The ECN account is ‘Straight through Processing’ with ‘No Dealing Desk’ Intervention; therefore, you benefit from trading directly in the market with some of the largest banks in the world utilizing Morgan Stanley as our Prime Broker with complete anonymity and one click trading. If you have any specific questions please let us know and we will happily reply.

Regards,

FxPro
Trading CFDs involves significant risk of loss.
  • #313
  • Dec 11, 2012 4:08am Dec 11, 2012 4:08am
Quoting FxPro Global
Dear members,

 [font=Arial]An account reaching Margin Call means the funds are at the very bare minimum and we would always recommend that any client monitors this in order to avoid a Margin Call where possible. However, we do not trade against our clients as traditional Market Makers. You are also correct in that we are no longer a Market Maker and instead operate under an Agency Model giving the client yet more benefits when trading. The primary benefits of the Agency Model being that your trading is completely conflict...

Why did you ignore entheos' post? http://www.forexfactory.com/showthre...59#post6272959
  • #314
  • Dec 11, 2012 5:06am Dec 11, 2012 5:06am
Because of they have nothing to explain and it also mean they are REAL market maker =)) Just say good bye them and find out a better broker.


Quoting slovforex
Why did you ignore entheos' post? http://www.forexfactory.com/showthre...59#post6272959
  • #315
  • Dec 12, 2012 7:16pm Dec 12, 2012 7:16pm
Quoting entheos
hi,slovforex.
Did you have a good weekend?
Needless to say,REAL.
Bye.
Dear Entheos,

Thank you for bringing up this subject. This was a rare spike coming from our LPs (Liquidity Providers) on some of the JPY pairs. And, as you have well pointed out, were corrected. Furthermore, any accounts which were affected were reimbursed.

We remain at your disposal shall you need any more clarifications.

Kind regards,

FxPro Team
Trading CFDs involves significant risk of loss.
  • #316
  • Dec 17, 2012 8:21am Dec 17, 2012 8:21am
Quoting FxPro Global
Dear members,

 [font=Arial]An account reaching Margin Call means the funds are at the very bare minimum and we would always recommend that any client monitors this in order to avoid a Margin Call where possible. However, we do not trade against our clients as traditional Market Makers. You are also correct in that we are no longer a Market Maker and instead operate under an Agency Model giving the client yet more benefits when trading. The primary benefits of the Agency Model being that your trading is completely conflict free...
I saw comment about " rejecting withdrawal demands" as follows :
freak2star
Member
Member Since Nov 2012
6 Posts



Real account with Fxprimus: just nice, also Rvd Markets, but this comes with an own thread

the haunt continues with OctaFX. Equity is up nearly 300 % in 2 months, but instead of similiar problems to Fxpro, this means requoting and the opening of opposite orders, they just keep rejecting withdrawal demands for no reason, also they say they have "real" ECN, but why no commission then?!? (also will come in an own thread)
ECN doesn't directly have to mean that the Fxbroker is no Market Maker. Fxpro told me they have ECN now and No Dealing desk, but somehow they don't process your orders directly, meaning they are checked by somethig like a dealing desk.

---------------------
I want to open account at your fxpro but worry about withdrawal
  • #317
  • Dec 26, 2012 7:40pm Dec 26, 2012 7:40pm
FxPro is one of the brokers that I have been using 'live' for over 2 years now. I am not affiliated with them and I get no credit or rewards for endorsing them. I have no problems, I use their mt4 platform to watch trades and then use their ecn platform to place live trades. whenever I have wanted to withdraw money, I have received it the next day. I also received an email once, clearly explaining a small mistake and a sincere apology for my delay in receiving my money from the broker. I then saw the money in my bank account the next day. they are professional and easy to deal with. whenever i have a question, they are happy to take the time to explain in detail the answer. I will continue using them but I do recommend to all traders to shop around and educate themselves on what brokers will work best for them. Don't be afraid to use multiple brokers at once to compare real time prices and charts. hope this helps

even though I'm content with FxPro for now, I am always looking at new brokers to see if they offer more.
You will become a successful trader, the question is "WHEN"
  • #318
  • Dec 28, 2012 6:16am Dec 28, 2012 6:16am
Thank you for the feedback; please be aware that we pride ourselves on our speedy deposit and withdrawal methods and procedures. If you are experiencing an issue with a withdrawal please contact us via telephone or email and we will be able to check the specific request for you immediately.

Our ECN environment allows you to trade directly to the market (Straight-through-Processing), trading on Raw Spreads received direct from a number of global liquidity providers. As we do not have any spread markup (as other brokers may do) we apply a commission to the opening and closing of positions. There is no Dealing Desk Execution with the ECN accounts, the dealing desk is present to monitor the prices and to help with a trade should you call or email directly.

Again, if you would like to clarify any issues with regards to our Funding Methods or trading specifications/conditions please contact us on [email protected] or +44 (0) 203 151 5550.

Regards,

FxPro


Quoting Sunlight31
I saw comment about " rejecting withdrawal demands" as follows :
freak2star
Member
Member Since Nov 2012
6 Posts



Real account with Fxprimus: just nice, also Rvd Markets, but this comes with an own thread

the haunt continues with OctaFX. Equity is up nearly 300 % in 2 months, but instead of similiar problems to Fxpro, this means requoting and the opening...
Trading CFDs involves significant risk of loss.
  • #319
  • Dec 28, 2012 6:56am Dec 28, 2012 6:56am
It would be nice to connect MT4 or MT5 to your ECN, just like (will not name the broker). I got used to MetaTrader and I can't get used to cTrader. I enjoyed trading with FxPro, I like your Daily bar closing hours, there were only a few outages, I very much like Daily Forex Brief, but I guess I got one re-quote to many on MT4. I understand that some of these re-quotes may be in my favor but it became frustrating.
  • #320
  • Jan 3, 2013 4:52pm Jan 3, 2013 4:52pm
Hi everybody ;
1- can some one please explain FxPro :" All FxPro cTrader clients trade anonymously at all times as the counterparty to the trades is FxPro whilst FxPro is the counterparty to all trades with the banks." ??
2- and if they are counter-party isn't this conflict of interest ? is isn’t this what Market Maker does and not a true ECN?
3-why the Fxpro Limit order book is almost always " say EUR/USD " is in balance 28.6 M bids /28.6 M Asks it is rarely that I would see any imbalance ? what does that mean ?
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