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FxPro — Forex Broker

FxPro:

Company: FxPro Financial Services Limited
On-line since: 2008
Country of origin: Cyprus
Regulation: Regulated by the Cyprus Securities and Exchange Commission (license #078/07).
Payment options: Moneybookers, wire transfer, credit cards, PayPal and Neteller
Minimum account size: $500
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 0.8-2.0 pips on EUR/USD
Rating:
5.6/10 with 603 votes

Rate broker — FxPro:
Categories: PayPal Forex brokers
Forex brokers with web platform
MetaTrader Forex brokers
Oil trading brokers
Gold trading brokers
Forex brokers with CFD trading
Moneybookers Forex brokers
Opinions: See FxPro reviews.

Advantages:

Disadvantages:

  • No important disadvantages

Click here to open an account with FxPro


Reviews:

33 reviews of FxPro are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


Aldiyar from Kazakhstan04/22/2009

Don't confuse FxPro with FX-PRO. They are different. I now run demo with FXPro and Alpari UK. They are both work good. Think to open account with one of them


Haz from Canada04/08/2009

Well after reviewing all posts on here and other review web sites I have come to the conclusion that the horror stories about FxPro are in fact mostly true. I had over $100,000.00 to deposit with a new broker and was thinking of FxPro till I did my research. Now myself and my firm collegues will take our business somewhere else. FxPro, this is what happens when you start screwing around your customers, they start leaving.


barth from Nigeria03/31/2009

Frankly,am confused.Its like only Africans have somthing possitive to say about FXPRO.I intend opening live account with them.


Mervyn from Canada03/19/2009

I am surprised to see the negative statements about FxPro. They are strict about adhering to their rules and first withdrawals will take longer than after you are in the system. I find that the pricing and execution is top notch. In very busy markets there can be requotes. The alerts they offer to text messaging or sounds are great when you have price levels with concerns. If you log your trades in a spreadsheet there is zero slippage between what you expect and what you get.


Riffin from Brunei03/06/2009

Please..i said please..dont open account in FXPRO..I loss all my 400usd with them.They didnt tell me that they didnt offer 0.01..my money just gone in 2 days!!!poor me :( Their email response is very bad manner.Better choose another..


Mihai from Romania02/20/2009

I don't want to sound against (quite against:P). But , after two discussions with their support, it seems they attract customers through vague information, intentionally presented this way.

They have attracted me only because the credit card payment option.

The first discussion was about credit card withdrawal (withdrawing payment option to credit card they say they have).

Their FAQ is vague about withdrawal of profits. In the sense they don't say anything about it:)

Because there is no withdrawal of profits to credit card.

You can only withdraw your first deposited money. And that's it. but this info is vague too.

("Oh!!! then it seems like marketing right", I thought, "they allure clients to pay through credit cards, accept their money, and then let them know they cannot in fact withdraw so easy their money").

Now, I'm sorry i don't have the first discussion copied&pasted. But I didn't know how the second discussion will be:D

The second discussion was about the easiness to withdraw money to credit card:

This was the key moment (the entire discussion is below):

you: so you don't need a copy of my card when depositing:)

you: only when withdrawing:)

you: ok .. i got it

you: vague info, more customers...

chris: yes, can i help you with anything else?

you: ok .. thank you for your response.. it was helpful

chris: You're welcome

chris: Thank you for chatting, bye for now

the entire discussion:

You are now chatting with 'chris', May i have your FxPro account number please?

you: i dont have any yet

chris: May I have your FxPro Account number please?

you: I have a question about credit card payment

chris: How may I help you?

you: well.. can I withdraw profits to credit card?

you: documentation is vague

you: it's not presented clearly

you: documentation says you can withdraw deposited money .. not profits

you: (to credit card)

chris: you may only withdraw up to the amount you deposited by card any profits will have to be withdrawn by bank wire there after

chris: yes that is correct

you: so .. for anyone who doesn't read carefully.. he would think profits would be possible to withdraw to credit card

chris: May I help you with anything else?

you: I saw comments on net

you: well.. yes

you: each time i withdraw money to credit card... do I have to present proof of identity?

you: I mean, am I requested to present proof of identity only after deposit?

you: or only once, when creating an account with you?

you: documentation is again vaque.. and comments on internet say much about your delays

you: (when withdrawing)

chris: apon opening your account will be asked to provide us with ID and proof of residence, and when you withdraw funds you will be asked for a copy of your card

you: so you dont need a copy of my card when depositing:)

you: only when withdrawing:)

you: ok .. i got it

you: vague info, more customers...

chris: yes, can i help you with anything else?

you: ok .. thank you for your response.. it was helpful

chris: You're welcome

chris: Thank you for chatting, bye for now


Leeyon from California, USA.02/11/2009

To unsuspcting traders, FXPRO is a big scamstars,

They have a very proffeional tactical way of making you loose all your money, Withdrawal from them is a battle field, They lie alot about there spread,they claim they charge 0.5pips, just go live and see supposed 0.5pips become 7 pips , most times they don't even show you what is happening in the live market, atimes they quote you 16 pips from the current market price,They give you countless requoted new prices to accept before they execute your order, more especially when you are trying to close a profitable trade,There useles platform loose connection from their server 20 times in twenty minutes, If only i had listened to people who had traded with them before me, i would have saved my 50,000 dollars, A

After taking all my money with there tricks, remianing only $340, i tried to withdraw 300 dollars, for three weeks now, it has been a battle of bring one document and the other,

If you intend to loose your money or see an imposible withdrawal situation, Trade with fxpro, I simply advice any trader to shun all these dubious dealing desk brokers and look for legitmate ECN broker to trade forex with, Personaly, i have learned my ugly lesson.


Zeph Dulin from Maine, USA02/09/2009

My account with FxPro is up 557% in the last 2 months, I have withdrawn 200% of my starting capital. They have a bulletproof withdrawal policy. Your money is safe with them. Very low spreads, good customer service. I give them 9 out of 10.


C.J. from Nigeria01/17/2009

Fellow clients, I have personally withdrawn more than $4000.00 so far from fxpro. I do know that they are reliable to trade with. Do give them the benefit of doubt. It took me just 3-4 business days to have my funds in my bank account! You can always get in touch with their customer support through the call me back section of their website. They are pretty reliable. I mean it!


AC from USA01/10/2009

Some say "easy to withdraw", my compatriot from the USA says "impossible to withdraw". Truth is somewhere in between, I think. I just processed my first $2200 withdrawal to my credit card... not because I really wanted to, but because these rumors of withdrawal difficulty at this broker are everywhere on the web. About 3 days later, I got an email asking me to send a scanned image of my credit card front & back with some images blacked out. After learning how to use my scanning software, MS paint, and buying a program to convert the image to a pdf, I complied. The next morning, I got an email from their head of accounting saying they'd process the withdrawal the same day. However, 5 hours later, I got an email from somebody else in accounting asking for the same thing for two other credit cards. I did so, but emailed the head of accounting noting this discrepancy, protesting it, and noting fxpro had a reputation on the web for being lousy about processing withdrawals. Also, I noted the withdrawal was NOT processed that day as promised. I got an apology letter next day from the accounting director acknowledging my version of events, but stating they had to do this "as a regulated financial company & to prevent fraud". They further noted it was being done for my protection! She noted that the withdrawal had been processed from my account & should reflect back on my CC statement within 5 business days. I did note the debit from my account that day. Nothing has shown up on my credit card yet (only 1 business day). Is this gross administrative inefficiency or outright fraud? I prefer to think the former, but if I don't get money back I may have to revise that assessment. How far did those who say it's impossible to get money out go in complying with their requests??


C. J. from USA - Central time zone12/26/2008

I rate this broker a 1 on scale of 10 being the best. Easy to deposit but unable to withdraw except in $100 usd amounts and then only the amount deposited. Not able to withdraw any money earned on a trade. This broker is TOTAL SCRAM. Deposit your money at your own RISK.


usman from nigeria11/15/2008

Have just started trading live. I hope to continue enjoying their service even at the point of withdrawal.


Muslim from Ivory Coast10/29/2008

Very nice broker! I love FxPro! Very good communication in French office! Easy to withdraw!


Johnson Christopher from Nigeria10/25/2008

I am greatly proud of fxpro! There service is a wow. I have converted my live account from NorthFinance to FxPro, and have been having a nice time trading with them and withdrawing as well!


akinnagbe from nigeria09/19/2008

well i will like to know more about fxpro and their relationship with northfinance b4 i put my hard earned money in them cos now am about opening a live acc with them. can any body tell me more about this broker?

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