Bad experience right at the start.. I signed up recently, double checked all submitted info, uploaded all 'clear' documents (Gov. photo ID, Passport and recent income-tax certificate for proof of address). Soon they got back saying they alternate residence proof as the one I submitted was unacceptable (really Fxpro? you are the first!). Anyways, I almost instantly sent them a couple of alternates including PDF of bank statement scan. After waiting for entire day and a LIVE chat followup in between I get another email saying the documents didn't pass their 'due diligence checks'. Surprisingly the same set of documents were gladly accepted without any issues at PepperStone, FXCM immediately after.
I started using them because the spreads looked good and another trader had recommended them in the trading room.
Opening the account was a pain. I have sent a scan of my passport which I had used successfully for numerous other occasions. They have been really friendly and calling me to explain why they could not use it, namely because of reflections. Guess what, this is a design feature of EU passports! I needed several attempts until they were satisfied.
So I started trading, spreads look good. But quickly I was really badly stopped out over night (no news, flat market, sudden explosion of spreads to 30 pips). They called it normal for rollover. But this way you simply cannot have reasonable stop losses. This just makes big losses. Not acceptable. Looking at the detailed time series from https://www.myfxbook.com/forex-broker-spreads you see, that other brokers are much better. So after less than a week I decided to leave.
When I wanted to withdraw my money, nothing happened. After a week and no money on my banking account I asked the live chat where the money would be (transaction was shown as 'opern'). They explained they would have requested to send a bank statement for verification. 1. They have never asked (yes I have double-checked my spam filter) 2. I had sent them the last (still last) bank statement to open my account, so they did have it already. 3. I wanted money back to that account from which I had transferred money to them, so they had that verified.
So this was just a fake to withhold my money. Absolutely unacceptable. I am glad I have left. Now let's see when I get my money back.
LevFX posted: Their spread and commission is outrageously high... One of the greediest brokers I've seen ... they are in the same league as fxcm. Of course when you have a huge advertising campaign running who do you think is going to pay for it???
Rating 2.3 out of 5
That broker will looks good? with spreads and slippage normal
ghaieth posted: some requot but they give you always your money in the price of the order bad for scalping they take more than your profit in scalping but this is the best broker ever seen and i'am always safe with them and really happy to be trading with them
Good evening! you are still working with fxpro? Had no problems with the withdrawal of profits?
I traded 4 accounts on fxpro. Swaps kept getting worse compared to other brokers and changes almost every week. It used to be quite okay but to me it seems they grasp more and more bacuse the gap with other brokers gets bigger and bigger.
Good execution. 30 pips spread during market close is rather annoying though not a problem for me as I rarely set stop orders and make sure I have plenty margin.
Emptied the 4 accounts a while ago because of bad swap
Ctrader is great imo. I really need to find a good FCA regulated broker with good swap that offers Ctrader
Recently I opened Fxpro MT4 demo-account. In my first opinion there are quite good execution and wide range of trading tools. Also I like their analytics. I hope Fxpro is reliable broker. At least they are quite famous. Among all leading brokers, FxPro offers one of the lowest spreads.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
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