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FXProFxPro Financial Services Ltd.
Account Info:
- minimum deposit: $500
- minimum lot size: 10k
- max leverage: 500:1
Editor`s vote
4.5
Traders` vote
3.5
Headquarters: Karyatidon 1, Ypsonas 4180
Country: Cyprus
Regulated by: FxPro Financial Services Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission under the license number 078/07
Forexbrokerz.com is Introducer of FxPro
Spread
Variable spreads as low as 0.5 pips
Typical spreads: EUR/USD -1.0 | GBP/USD –1.5 | USD/CHF -1.5 | USD/JPY – 1.0
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Pros |
Cons |
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Tight Spreads Tight spreads during news releases
No commissions
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No
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Slippage
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Pros |
Cons |
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No slippage under normal market conditions
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Some slippage during news releases
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Requotes
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Pros |
Cons |
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No requotes during normal market conditions
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Rare requotes during news releases
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Price feed
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Pros |
Cons |
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No stop-hunting and price manipulation
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No
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Platform
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Pros |
Cons |
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Metatrader 4.0 WebTrader Web Platform Very intuitive and easy to handle Decent charts Autotrading Custom indicators Mobile ready |
No
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Deposit/Withdraw
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Deposit |
Withdraw |
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Wire Transfer MooneyBookers Neteller |
Customer service
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Pros |
Cons |
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Very friendly customer service Phone Request a Call Live Chat |
No
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Summary
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Pros |
Cons |
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Very tight spreads No commissions No market order slippage Metatrader Web Trading Platform No slippage during normal market conditions
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No
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Traders` reviews for FXPro Add you review
Ryan Brown, FPA, 02/01/2010
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I love this broker! It's unfortunate that they are moving out of the united states and there for all USA clients are forced to find a new broker. I was very disappointed to here this because I've been having such a great trading experience with them! Loved the price feed, spreads and support. Everything was very fast and user friendly. I also really liked how you could manage your account online by logging onto there website. this would allow for you to change your own leverage instantly. A very nice future that came in very handy. I really like how they run things at FXPRO. Just unfortunate there leaving the USA in late January 2010. A sad time is coming where USA clients will be no more.
George, FPA, 12/01/2009
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Out of the 10+ MT4 brokers I have tried in my 5 year forex experience, I must admit this is the best one. Spreads are excellent! Ok I admit there is occasionally a requote or 2 in fast moving markets but most of the time fills are done in 1 sec. Withdraws and deposits take 2-3 business days - I have done both. Will keep with these guys! If there is a problem with them, will be the first to post here! Keep the good work!
Faisal Ahmed, FPA, 10/30/2009
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If you`ll ask me about the broker then it`s fantastic.withdrawal process and deposit is fast.Withdrawal just took 3 days to reflect on my credit card.Although they ask for too many documents but traders should understand that it`s for their own safety and protection.I`m a very satisfied customer of FxPro.There is no company in the world of forex that is perfect but FxPro is too Good.I`ll recommend this broker to everyone.
fxpro, 10/18/2009
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As of September 26th, FxPro(.com) is not accepting new clients who reside in the US. This decision is (according to their online chat operator this morning) based on their decision to "concentrate on the EU and emerging markets where [FxPro] has a niche." US-based LIVE-account customers are "grandfathered" (allowed to keep their accounts).
myforextrading.com, 10/18/2009
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My experience with Fxpro has been a love-hate relationship. I simply mean that I have had both good and bad experiences with them. Let me begin with the bad first.
Among some of my major discontentments are that orders take a long time to be filled, executions are delayed from time to time, frequent system hangs/disconnections and the MT4 giving several problems which makes it hard for me to trade. In addition to this, I think Fxpro have widened their spreads with most of the major pairs when other companies are competing to lower their spreads in the hope of getting more customers. For example, we take the USD-Eur pairing. Most other brokers that I trade with offer between 2-3 pips but wit Fxpro, I had experienced up to 5 pips once during the night!
Macdonald, FPA, 08/28/2009
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I sent various emails in regards to problems with their platform, withdrawals limit etc. Great and direct answers from their back office and account departments.
Their live chat help is quite good as well. Will go on live soon and will post more ads on the deposit and withdrawal.
Laurentiu, Forexpeacearmy.com, 08/09/2009
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They are very fast at processing your deposits and withdrawals. Usually the same day if you use PayPal. Execution is good (not best). Support is great. I would like to see them over a few years one of the biggest brokers. And I assure the moderator that you won't see 8 , 13, 40 pips on EUR/USD, GBP/USD respectively GBP/JPY. Those are pipettes. That means 0.8, 1.3, 4 pips. If you want to convince yourself open a demo account and you'll see those are the average spreads on these pairs most of the time. Especially on GBP/USD and GBP/JPY. What I don't like is how the spread changes. Now is 0,8..you buy for a scalp on a quick correction, ask price increases while the bid stays the same. That drives you nuts. All in all, I like them. :)
Jeno Borsodi, FPA, 08/09/2009
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FxPro is one of the best brokers nowadays.
But I really have no idea how Mr Prince could get those wide spreads. Maybe he forgot to spot that FxPro usually uses 5 decimal precision in prices?!
I think that those 8 pips are more likely to be 0.8 (on EUR/USD).
And however during the Asia session it could climb up to 2.0, during the overlap of the EU and US sessions I've noticed even 0.3-0.5 spreads several times.
I'm proud to have a broker like FxPro for months AND I also successfully withdraw money several times with no delays.
PS: My ping to their server is usually
Mervyn, Earnforex.com, 08/09/2009
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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.
Ricky, FPA, 08/09/2009
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Traded with fxpro for some months.withdraw small amount 2 times;paid out ok;if your follow rules carefully and read.as for platform was good until they changed to variable spreads;straight away making my asia session scalping far less attractive.one suspect spike but apart from that little slippage .changed to another broker with fixed spreads.going variable sounds good;but usually lottery .there are true ecn brokers now and a dealing desk broker should stick with fixed spreads.
Leeyon, Earnforex.com, 08/09/2009
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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.

