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

Pros

Cons

 

Tight Spreads 

Tight spreads during news releases

 

No commissions 

 

No 

 

 

 

Slippage

Pros

Cons

No slippage under normal market conditions

 

Some slippage during news releases

 

Requotes

Pros

Cons

No requotes during normal market conditions

 

Rare requotes during news releases

 

Price feed

Pros

Cons

No stop-hunting and price manipulation

 

No

 

Platform

Pros

Cons

Metatrader 4.0

WebTrader Web Platform

Very intuitive and easy to handle

Decent charts

Autotrading

Custom indicators

Mobile ready

No

 

 

 

 

 

 

Deposit/Withdraw

Deposit

Withdraw

Wire Transfer
Credit/Debit Card

PayPal 

MoneyBookers

Neteller
 

Wire Transfer
Credit/Debit Card

MooneyBookers

Neteller
PayPal 

Customer service

Pros

Cons

Very friendly customer service

Phone

Request a Call

Live Chat

E-mail 

No

 

 

 

 

Summary

Pros

Cons

Very tight spreads

No commissions 

No market order slippage

Metatrader

Web Trading Platform

No slippage during normal market conditions

 

No

 

 

 

 

 

 

Traders` reviews for FXPro Add you review

Ryan Brown, FPA, 02/01/2010 ,

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.

(0) (0)

George, FPA, 12/01/2009 ,

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!

(1) (1)

Faisal Ahmed, FPA, 10/30/2009 ,

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.

(0) (1)

fxpro, 10/18/2009 ,

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).

(1) (0)

myforextrading.com, 10/18/2009 ,

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!

(1) (0)

Copare-Forex.com, 09/27/2009 ,

The Dow Jones Newswire service offered is of great help to the trader.
Competitive spreads, flexible leverage and high quality of trade execution are some of the good features of this trading platform.

(1) (0)

Macdonald, FPA, 08/28/2009 ,

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.

(1) (0)

Laurentiu, Forexpeacearmy.com, 08/09/2009 ,

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. :)

(0) (0)

Jeno Borsodi, FPA, 08/09/2009 ,

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

(0) (0)

Mervyn, Earnforex.com, 08/09/2009 ,

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.

(0) (0)

Fred Markmann, FPA, 08/09/2009 ,

Nice support, nice platform, nice website, made some money, got it back, nothing malicious. Not scam definately!

(2) (0)

Ruffin, Earnforex.com, 08/09/2009 ,

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..

(2) (0)

Ricky, FPA, 08/09/2009 ,

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.

(0) (0)

Nick, Goforex.net, 08/09/2009 ,

Withdraw of monies in deposit amounts only, 7 business days each transaction. Monies earned on the account available only after closing the account. Total SCAM outfit.

(0) (0)

Leeyon, Earnforex.com, 08/09/2009 ,

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.

(2) (0)

Anton, FPA, 08/09/2009 ,

I am trading real with FxPro since Dec 2008. Their spread on EURUSD is regularly 0.8 pips (as advertised) at European daytime. A night, 2 pips maximum.

(1) (0)

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