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good broker

I can say that FxPro is reliable broker, I’ve been trading with them for a while and making good money. Withdrawal is fast. It takes 1-2 days until the money comes to my Ukrainian account, where I reside. I know English quite well, but I prefer to use Russian support. It is very good and professional.

Andrew 2017-07-18

Our favorite thing about FxPro remains the negative balance protection: a mechanism that automatically closes open positions, starting with the most unprofitable ones, when a trader is threatened by a margin call. In case a negative balance occurs due to trading, the broker covers it and doesn't hold traders responsible for the negative balance. This lets you focus on your strategy, rather than pointlessly worrying about losing your balance. 

 
FxPro is a Cypriot NDD forex broker operating out of Cyprus, the United Kingdom and Australia. It offers excellent trading conditions and the highest level of customer protection possible to ensure smooth, profitable and successful trading for its customers. Registered with CySEC, FSA UK and ASIC, FxPro is also a member of the Investment Compensation Fund (ICF) and the Financial Services Compensation Scheme (FSCS). 
 
The platforms offered by FxPro are Metatrader 4 (MT4) and cTrader ECN – both quite popular and technically sophisticated to match pretty much every trader's needs. cTrader, powered by Spotware, is one of the best ECN trading platforms available on the market. It supports one-click dealing, market depth, Level II pricing, excellent charting and 30 technical indicators, paired up with lightning-fast execution. The platform grants traders access to 10 liquidity providers. 
 
FxPro's spreads are variable and begin at 0.8 pips for MT4 accounts (keep in mind that the typical spread on EUR/USD is around 1.8 pips, though) and at 0.1 pips for cTrader users (add to this a commission of $3 per lot). It is possible that these spreads widen during major news releases. 
 
Beginners can take advantage of the broker's educational resources – video tutorials, webinars, live hangouts, etc. For more advanced traders, there are additional analytical tools like Trading Central and Autochartist. Dow Jones news are integrated straight into the MT4 platform. 
 
Selected customers of FxPro are offered VIP services that include market recommendations, exclusive news reports, account margin alerts, etc. 
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website

Latest Forex News

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Feb 18 2019 14:54:49, Jonathan Smith in Market

  Italian financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) updated its warning list with unregulated brokers GoldmanCFD, WiseBanc, FirstBTCfx, and WinCapitalPro on Monday. CONSOB ordered all of them to cease provision of unauthorized investment services and activities to the Italian public.   The Italian regulator has also suspended (for a period of 10 days) the offer to the Italian public concerning shares promoted by Sky Way Capital, and has prohibited the services of Cryptoforce and Eagle Bit Trade offered to Italian Investors.   WiseBanc (operating via the www.wisebanc. Read more

UK's FCA updates its warning list with unregulated forex broker K2 Wall Street

Feb 15 2019 13:02:47, Jonathan Smith in Market

  The Financial Conduct Authority (FCA) has updated its warning list with unregulated broker K2 Wall Street (K2WS) on Friday. According to the official warning, this entity is not licensed to offer financial services or products in the country, but has been illegally targeting local investors.   “Some firms act without our authorisation and some knowingly run investment scams”, the FCA says in its warning. “K2 Wall Street is not authorised by us and is targeting people in the UK. Read more

Austrian financial regulator blacklisted Tradeinvest90, FX Market Pro, and KontoFX

Feb 14 2019 13:40:05, Jonathan Smith in Market

   The Austrian Financial Market Authority (FMA) added Tradeinvest90 to its warning list on Wednesday. Earlier this month the regulator flagged other two unregulated forex brokers - FX Market Pro and KontoFX. The FMA stated that these brokerages is not allowed to trade on a commercial basis on its own account, nor on behalf of others, as these transactions in Austria require an authorization.   KontoFX (www.kontofx.com) is allegedly operated by Estonian NTMT Transformatic Markets OU, but is not licensed in Estonia, nor anywhere else. The broker is also associated with Hungary-based Northside Business Centres, as well as Russian company ООО «САМДАР». Read more

Italy's CONSOB warns against ProCapitalFX, GameBtcFx, CryptoClubFX and other unregulated brokerage brands

Feb 13 2019 18:28:36, Jonathan Smith in Market

  Italy's financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) has updated its warning list with a bunch of unregulated brokers, including ProCapitalFX, GameBtcFx, and CryptoClubFX. The regulator published a long list of websites belonging to entities which are not licensed to provide financial services in Italy, and ordered them to cease their illegal operations.    ProCapitalFX, GameBtcFx, and CryptoClubFX are actually owned and operated by one and the same company - Game Capital Ads Limited. The latter is registered offshore, in St. Read more

CySEC blacklisted clones of BogoFinance and FXJET, as well as several other unregulated websites

Feb 12 2019 13:54:14, Jonathan Smith in Market

 The Cyprus Securities and Exchange Commission (‘CySEC’updated its warning list with clones of BogoFinance and FXJET, as well as two brands of unregulated company Algobit Ltd. - Worldwide CapitalFX and Lite Options. According to the regulator, the brokerage brands and their websites are not operated by Cypriot Investment Firms, authorized to provide investment services in the country.   Worldwide CapitalFX (operating via worldwidecapitalfx.com) and Lite Options (lite-options.com) both claim to offer trading in forex and binary options. The brands are operated by Algobit Ltd. Read more

More than 40 brokers lose their IFSC licenses, including Finpro Trading, Fort Financial Services, Top4FX, and ZB Forex

Feb 11 2019 13:17:43, Jonathan Smith in Market

  The International Financial Services Commission of Belize (the “IFSC”) warned the public Finpro Trading, BlueMax Capital, Fort Financial Services, NPBFX, Salma Markets, Top4FX, IFA FX, ZB Forex and 40 more companies have not renewed their forex broker licenses. Therefore, those companies are not authorized to provide, carry on, or transact any of the international financial services provided for in the law of Belize as of February 1, 2019.   Here is the complete list of entities are no longer licensed by the International Financial Services Commission of Belize (arranged in alphabetical order):   1. Agros Investments Limited 2. Read more

ACCC: Australians have lost $926 401 to investment scams in January

Feb 08 2019 13:09:32, Jonathan Smith in Market

  Australians have lost $926 401 to investment scams in January 2019, revealed the latest Scamwatch report issued by the Australian Competition & Consumer Commission (ACCC).   Although the figure seems solid, it actually marks a decrease of 48% when compared to previous month, and nearly 80% decline from January 2018, when the total loss to investment scams amounted to $4 631 103.   If we look more globally, Australians reportedly lost $38 846 635 collectively in 2018 to investment scams. The figure represents a 24% increase when compared to 2017, which is a worrisome trend. Read more

Spain’s CNMV warns against unregulated broker CFX Point

Feb 06 2019 17:02:39, Jonathan Smith in Market

  Spain’s financial watchdog, the Comision Nacional del Mercado de Valores (CNMV), issued warnings against forex broker CFX Point, and several other unregulated financial service providers on Monday.   The official warning reads that "these institutions are not registered in the corresponding registry of this Commission and, therefore, are not authorized to provide investment services.”   As a matter of fact, CFX Point is not authorized to provide investment services or investment advice, including foreign currency transactions in Spain, nor on any other regulated market. The company operating the brand, KLDC Technological Systems LTD. Read more

Italy’s CONSOB blacklists FX Market Pro and FXNobel(s)

Feb 05 2019 11:59:33, Jonathan Smith in Market

  Unregulated CFD brokerages FX Market Pro and FXNobel(s) are the latest additions to the long warning list of Italian financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB). CONSOB ordered both companies to cease provision of unauthorized investment services and activities to the Italian public.   FXNobel (or FXNobels) operates via two websites - www.fxnobel.com and www.fxnobels.io. This is a trading name of Glencoe Partners Ltd., a company registered offshore, on the Marshall Islands, where brokers are not regulated. Read more

ESMA renews restrictions on CFD trading, implies closer monitoring

Feb 01 2019 16:25:36, Jonathan Smith in Market

  The European Securities Markets Authority (ESMA) announced on Thursday it is renewing the restrictions on CFDs trading for another three months as of February 1, 2019. The pan-European regulator also implied that it will monitor closely forex brokerages, as it has identified certain malpractices.   ESMA’s decision does not come as a surprise, as the pan-European regulator is extending these measures for a third time. The reason for this is that it is only able to impose such restrictions on CFD trades on a temporary basis. Read more

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