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FxPro Review

FxPro rating: 6 votes, average: 3.33 out of 56 votes, average: 3.33 out of 56 votes, average: 3.33 out of 56 votes, average: 3.33 out of 56 votes, average: 3.33 out of 5 (6 votes, average: 3.33 out of 5, rated)
Write your own review of FxPro brokerage company

fxpro_logoFxPro is a brokerage company that owned by Euro Orient Securities and Financial Services Limited an investment firm that is incorporated in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission, which is the supervisory authority of the financial services industry in Cyprus and which is in turn a member of the Committee of the European Securities Regulators.
In addition, FxPro through its parent company owns cross border licenses for providing investment services in the United Kingdom, France, Germany, United States and many other countries. What this means is that FxPro is well regulated in above-mentioned countries.

Company’s Market Position

FxPro through its trading platform offers institutional level trading conditions with the latest market news and a helpful forex learning center. The convenient features available in its trading platform create an exceptional user experience.
The market position of Fx Pro is greatly enhanced by the fact that it a member of several professional bodies such as Cyprus International Financial Services Association, Cyprus Chamber of Commerce and Industry and the Cyprus Financial Services Firms Association.

Types of services offered

A demo account facility is available
Using FxPro you could trade in 150 financial instruments which include forex currency pairs, futures, stocks and precious metals. Specifically you could trade in more than 70 currency pairs. Interestingly the spreads start from only 0.5 pips on the most widely traded currency pairs.
The minimum amount required to open an account is only $100 and the leverage offered is 1:500 starting from 1:1. An interesting feature is that no margin whatsoever is required for hedging your position on the same currency pair with FxPro.

Trading Platform

FxPro offers a premier online trading platform known as MT4 Trading Platform. This platform offers the most advanced trading conditions for CFDs and spot forex, futures, stocks and spot precious metals.
The most interesting features of this platform include firm pricing, quality trade execution, speed and control with sufficient market depth, together with real time trade display. Simultaneously the platform also offers you a comprehensive suite of forex analytics. Overall the Fx Pro platform is user friendly and is readily downloadable from the website.
For the trader who is always on the move, customized MT4 software compatible with mobile or smart phone is available.

Trader Support

FxPro offers live 24/5 support which is available through email, phone or online chat. Their support services are available in several languages and there are webinars conducted from time to time for customer benefit.
Site design and ease of navigation
The site is well designed and visually attractive.

Advantages

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.

Disadvantages

There are some negative comments on FxPro in some forex forums by individual traders.

Write your own review of FxPro brokerage company

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6 Comments»

Comment by Zeph Dulin
2009-05-09 17:53:14

I traded with FxPro for about 3 months, with gains of over 700%, I am not currently trading, for personal reasons. FxPro never scammed me, and withdrawing money (which many people have been having trouble with) is sound, but is a little slow. Customer service is good, aside from the one rep with an attitude. When I begin trading again this summer I will use FxPro.

Zeph Dulin did not rate this post.
 
Comment by ron taylor
2009-08-23 11:20:21

I tried the Fxpro demo, and it looked ok to me, with the whole range of currency pairs and other instruments and so on. For the majors, spreads were 0.5 pips and that’s not bad especially as they give you leverage of 1:500 and you just need $100 to open an account. Besides they allow you to hedge your position without using further margin.

Platform is meta 4 and that comes along with firm pricing and excellent execution. The platform is user friendly, in that you can make it compatible with your mobile or smart phone if you have one. The webinars were interesting, and so was the site design and flexible leverage. I guess there is a limit to which you can try out the demo and reach a conclusion as regards how good or bad a trading platform is. Nevertheless this one seemed uncomplicated. I don’t know about their support features, as I didn’t have occasion to ask for support.

I always think twice when it’s a company operating out of Cyprus, in that, is it well regulated and so on. On paper it does look regulated, but can’t really say unless you do real business with them. But yes the regulations do look adequate, although I have come across some negative vibes in some forums. May be it is the competition trying to do it in. Who knows?

ron taylor ratings for this post: ron taylor gives a rating of 2ron taylor gives a rating of 2ron taylor gives a rating of 2ron taylor gives a rating of 2ron taylor gives a rating of 2
 
Comment by clifton
2009-08-25 11:57:32

The negative reviews are always negative.At the same time positive reviews are not always positive. Pay heed to them, who knows!!

clifton ratings for this post: clifton gives a rating of 2clifton gives a rating of 2clifton gives a rating of 2clifton gives a rating of 2clifton gives a rating of 2
 
Comment by Zazali
2009-09-01 16:56:21

Fxpro is my broker. Now I using Forex Autopilot and the pips result just awesome!

Check it on my site.

Zazali ratings for this post: Zazali gives a rating of 5Zazali gives a rating of 5Zazali gives a rating of 5Zazali gives a rating of 5Zazali gives a rating of 5
 
Comment by Jerry Nissen Subscribed to comments via email
2009-10-30 14:45:55

I am starting an account with FxPRo. I was using Alpari. They have a team of aggressive / super sensitive “support” people who I consider very poor attitude.

Jerry Nissen did not rate this post.
 
Comment by amir
2010-07-05 07:42:04

i tradewith fxpro butexcept lose over 100k nothing they cheat customer broker if they see u are in right direction they drp sight means no conection they are thief

amir did not rate this post.
 
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