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
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?
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
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.
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.
Let me tell you about fxpro, i have 2 years experience with them. It wasn't good. I stopped trading with them for 6 months or more, not sure. Now i have the time to put up a review.
I open fxpro cos of diversity, i used my paypal to fund.
Trading was all going good for a year or so.. Then the mobile MT4 app started to lagg big time. Not for any other brokers but just fxpro. I suspect it is the data feed. Everytime i want to open orders and I adjust the volume (lots) to be traded, it laggs and jam up.
I got EXTREMELY PISSED when I feedback falls on deaf ears. I would like to kindly point out that if you treat your customers as if they are stupid, you'll get them doubly PISSED. The live chat ask me dumb questions like what is my phone model etc. Questions that would exponentially PISSED me off further.
NEVER EVER TREAT YOUR CUSTOMERS AS IF THEY ARE DUMB. Well, not all of them, at least.
Anyway, I've taken all my money and transfered to other broker. Now I am trading happy. Thanks FXpro for making my life much happier by getting rid of you from my life.
Lastly, if I said something is wrong, then you better bet your life that SOMETHING is wrong. Do not dismiss anything your customers said.
good broker.was previously on nodfx and they would freeze my account so that i loose my profits.noticed that fxpro real account executes faster than demo account and it never freezes.avoid trading before major news.they dont employ underhanded tactics like nodfx.
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???
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