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Experiences with FxPro

  • #401
  • May 12, 2014 10:50pm May 12, 2014 10:50pm
when will you folks realize Retail FX is hobby. mt4 just a diversion. wouldnt trust one of these brokers with any real funds.
FF = Forex Faggots
  • #402
  • Edited May 14, 2014 5:58pm May 13, 2014 8:52pm | Edited May 14, 2014 5:58pm
Quoting 8fingers
when will you folks realize Retail FX is hobby. mt4 just a diversion. wouldnt trust one of these brokers with any real funds.
I wouldn't call it a hobby. Maybe for some people it's a hobby. For others it might be a vice - similar to gambling. However, you can profit trading FX. Of course it helps a lot to have a broker that is considered "good". I'm not just saying that to get everyone's spirits up or convince myself that it can be done. I have proved it. I hate to say that cause now everyone will laugh and go 'yea right' or say things like 'show me proof!' or 'I don't believe you!'. You don't have to believe me if you don't want to, but I can assure you it is possible. The reason most traders lose money is cause they have false expectations coming in. They also have lack of experience, patience and persistence. Most are just looking for a quick buck. Actually most are looking for more than a quick buck. They want to double their account every year. In the absence of extremely good luck that's not going to happen. It also gets to the point where good luck runs out and has nothing to do with it. On the few occasions where I have openly said how much my monthly average return is I have been laughed at (and not because it's very high). The funny part is my monthly average is positive while those that laugh are mostly negative. They have it in their mind that they are good traders because they had one month where they doubled their money. I have also learned that they will fight tooth and nail to keep that perception alive in their mind. They have no idea how much danger their account is in.
  • #403
  • May 18, 2014 3:17pm May 18, 2014 3:17pm
Quoting 2+2=4ex
{quote} I wouldn't call it a hobby. Maybe for some people it's a hobby. For others it might be a vice - similar to gambling. However, you can profit trading FX. Of course it helps a lot to have a broker that is considered "good". I'm not just saying that to get everyone's spirits up or convince myself that it can be done. I have proved it. I hate to say that cause now everyone will laugh and go 'yea right' or say things like 'show me proof!' or 'I don't believe you!'. You don't have to believe me if you don't want to, but I can assure you it is...

All good words of wisdom from experienced Trader. Only 'being there with skin in the game' can teach the necessary lesson for success.
FF = Forex Faggots
  • #404
  • May 21, 2014 4:31am May 21, 2014 4:31am
good broker. its only con: commissions on ctrader higher than most other ecn/stp brokers, $13 on eurousd(lowest spread pair) for every 1 lot= 1.3 pip, spread low 0.2 - 0.5, that will make final fee 1.5 - 1.8 pip, on other pairs spread becomes higher depending on the currency value, most brokers offer better fees, even on fixed spread account. other than that, pros are many: very rare slippage(most are for the client advantage), real market prices, good support, fast deposit and withdrawal.
  • #405
  • Edited 10:53pm Jul 24, 2014 10:18pm | Edited 10:53pm
I trade Forex full time and can say without restrictions that Fxpro is one of the best brokers we have on the retail arena currently. If you are an experienced trader who has no problem with commissions, their cTrader platform is the right trading tool for the market, A major setback with Fxpro is their commission which I deem too high. I'm hoping the management will look into this with a view that lowering trading costs will attract more traders.
Execution with their ECN is awesome. Lots are filled without requotes and I can tell you that I have not experienced any and I trade standard lots. Execution speed is top notch.
As for withdrawal, I cannot give them the thumb yet as I opened a cTrader account last month. When withdrawal has been made, I shall be here to drop more reviews.
In all, I would recommend their ECN cTrader platform to any serious trader. I'm in with Fxpro for the long haul and with my experience so far, I'm more than a satisfied client.
money making
  • #406
  • Jul 29, 2014 7:42am Jul 29, 2014 7:42am
fxpro`s mt4 is garbage.
16,July
00:05:42.562 : order #113548455 buy 1.00 CHFJPY closing at 113.51 failed [Trade context is busy]
00:05:54.843 : order #113548455 buy 1.00 CHFJPY closing at 113.51 failed [Trade context is busy]
00:05:57.484 : order buy limit 1.00 CHFJPY opening at 113.04 sl: 0.00 tp: 0.00 failed [Trade context is busy]
00:05:57.484 : order buy limit 1.00 CHFJPY opening at 113.04 sl: 0.00 tp: 0.00 failed [Trade context is busy]
00:05:57.484 : order buy limit 1.00 CHFJPY opening at 113.04 sl: 0.00 tp: 0.00 failed [Trade context is busy]
00:06:03.156 : order #113548455 buy 1.00 CHFJPY closing at 113.51 failed [Invalid parameters]
00:06:03.156 : order #113548455 buy 1.00 CHFJPY closing at 113.51 failed [Invalid parameters]
18,July
21:51:58.515 : order buy limit 1.00 GBPUSD opening at 1.70195 sl: 0.00000 tp: 0.00000 failed [Trade context is busy]
23:01:29.711: order sell limit 1.00 AUDNZD opening at 1.0824 failed [Invalid S/L or T/P]
19,july
00:27:21.875 : order buy limit 1.00 GBPNZD opening at 1.9636 failed [Invalid S/L or T/P]
24,July
21:52:01.703 : order #113857181 sell 1.00 USDJPY closing at 101.753 failed [Trade context is busy]
21:52:17.453: order buy limit 1.00 EURUSD opening at 1.34554 sl: 0.00000 tp: 0.00000 failed [Trade context is busy]
21:52:17.453 : order buy limit 1.00 EURUSD opening at 1.34554 sl: 0.00000 tp: 0.00000 failed [Trade context is busy]
21:52:17.453 : pending order buy limit 1.00 EURUSD at 1.34554 sl: 0.00000 tp: 0.00000
21:52:43.843 : order #113857181 sell 1.00 USDJPY closing at 101.753 failed [Trade context is busy]
21:52:43.843 : order #113857181 sell 1.00 USDJPY closing at 101.753 failed [Trade context is busy]
21:52:43.843 : order #113857181 sell 1.00 USDJPY closing at 101.753 failed [Trade context is busy]
21:52:47.421 : order #113857181 sell 1.00 USDJPY closing at 101.753 failed [Invalid parameters]
more.....
No Dealing Desk Intervention with Agency Model????
FU!!!
  • #407
  • Jul 31, 2014 7:47am Jul 31, 2014 7:47am
Thank you for bringing the above issues to our attention, we have passed these logs to our IT department who are investigating why you received these error messages.

We would, however, like to point out that all of the above orders were executed on an FxPro demo server and not in our live environment where trades are sent straight to our LPs. Your accusation that these trade logs indicate that FxPro does not operate an Agency Model are unfounded.

As I am sure you understand, our demo environment is fully automated and is provided to our clients in order to allow them to see our spreads/pricing and also to hone their trading skills/strategies. Our demo environments provide clients with an indication of the type of execution they will receive, however it is not possible to fully replicate a live environment where trades are executed in the FX Market against live trading counterparties.

We can understand your confusion, however please do keep the above in mind.

If you have any further questions please feel free to contact our Support Department directly via email/telephone or Live Chat.
Trading CFDs involves significant risk of loss.
  • #408
  • Jul 31, 2014 9:06am Jul 31, 2014 9:06am
It's true that demo accounts in many brokers are not as stable as live accounts. It's not only FXPro's issue. Demo is demo after all.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #409
  • Jul 31, 2014 4:23pm Jul 31, 2014 4:23pm
live is the same as demo.
live was much more than demo.
it was often disconnected.
  • #410
  • Jul 31, 2014 4:29pm Jul 31, 2014 4:29pm
fxpro`s custom service is appalling.
they are always said this:
We are no problem and other customers no problem.
We did not briefed any issues from other customers.
  • #411
  • Aug 1, 2014 4:57am Aug 1, 2014 4:57am
What is the difference in trading between fxpro.co.uk and fxpro.com
  • #412
  • Aug 1, 2014 5:23am Aug 1, 2014 5:23am
Quoting Fx-investor
What is the difference in trading between fxpro.co.uk and fxpro.com
It is the same.
  • #413
  • Aug 3, 2014 5:36am Aug 3, 2014 5:36am
Hi Traders,

just a few questions
- why is everybody so keen on leverages higher than 100?
- what exactly are your parameters to decide whether or not a broker is good?
- how do you detect a bad broker?
- what makes you think a broker is very good?

Thanks!
  • #414
  • Sep 5, 2014 5:08pm Sep 5, 2014 5:08pm
Quoting fxways
Hi Traders, just a few questions - why is everybody so keen on leverages higher than 100? - what exactly are your parameters to decide whether or not a broker is good? - how do you detect a bad broker? - what makes you think a broker is very good? Thanks!
Well its really confusing.. but you can take my word that FxPro is legit..
+True ECN broker+
+200,000Clients.. so they manage approx 500mil in retail account balances..
+Fast execution
+Top notch platform
+Many deposit methods

-High Commission


If FxPro was a scam, and a "FAKE ECN" they would not have 200,000 retail customers, and im one of them.
Probably the worlds best currency trader.
  • #415
  • Edited 3:23pm Sep 6, 2014 11:46am | Edited 3:23pm
200,000 accounts

Post the source of this information please?

In the US there is a total of less than 100,000 accounts held at all fx brokers combined and this is decreasing not growing over the last few years. On babypips it lists FX Pro as having 13801 accounts. This could be out of date info but even if they had grown over the last year or two I very much doubt they have grown their account holders by over 1400% to become the biggest broker in the world!

What you are saying just seems a little bit exaggerated
  • #416
  • Sep 6, 2014 8:26pm Sep 6, 2014 8:26pm
Quoting entheos
fxpro`s mt4 is garbage. 16,July 00:05:42.562 : order #113548455 buy 1.00 CHFJPY closing at 113.51 failed [Trade context is busy] 00:05:54.843 : order #113548455 buy 1.00 CHFJPY closing at 113.51 failed [Trade context is busy] 00:05:57.484 : order buy limit 1.00 CHFJPY opening at 113.04 sl: 0.00 tp: 0.00 failed [Trade context is busy] 00:05:57.484 : order buy limit 1.00 CHFJPY opening at 113.04 sl: 0.00 tp: 0.00 failed [Trade context is busy] 00:05:57.484 : order buy limit 1.00 CHFJPY opening at 113.04 sl: 0.00 tp: 0.00 failed [Trade context is busy]...
You can solve the 'Trade context is busy' issue by tossing in a simple while statement:
Inserted Code
while(IsTradeContextBusy()){Sleep(10);}
  • #417
  • Sep 7, 2014 2:42pm Sep 7, 2014 2:42pm
Quoting mitch77
200,000 accounts Post the source of this information please? In the US there is a total of less than 100,000 accounts held at all fx brokers combined and this is decreasing not growing over the last few years. On babypips it lists FX Pro as having 13801 accounts. This could be out of date info but even if they had grown over the last year or two I very much doubt they have grown their account holders by over 1400% to become the biggest broker in the world! What you are saying just seems a little bit exaggerated
Well im for sure not using Babypips for source.. why do you even bring up USA in the conversation.

There are alot of brokers with over 200,000 clients.. FxPro is one of them.
Source taken from FxPro.

I found many old information about FxPro.. you know that FxPro have had one of the biggest gains in clients since they introduced ECN model..
from 2011-2014.. continues grow.. they have clients from all around the world.. why do they grow?
No conflict with broker, Real ecn.. fast deposit/fast withdraw.. its the perfect broker for the retail trader..small or big.
Probably the worlds best currency trader.
  • #418
  • Sep 7, 2014 7:45pm Sep 7, 2014 7:45pm
fast deposit/fast withdraw ---->
fast deposit--->yes,
fast withdraw---> NO. It take over 5 business day.
fxpro`s ecn ctrader,
commission is most expensive of all ecn brokers.
mt4 agency model,
this mean nothing.
connection is unstable,trade context is busy,requote,requote,requote,,,,
MT4 major pairs`s spreads are always over 1.5 pip.
I`ve never seen below 1.0 pip. eurusd,usdjpy,gbpusd,audusd,nzdusd,usdcad,eurjpy,gbpjpy,,,,, all.
London session,NewYork session.
  • #419
  • Sep 7, 2014 8:33pm Sep 7, 2014 8:33pm
Quoting entheos
fast deposit/fast withdraw ----> fast deposit--->yes, fast withdraw---> NO. It take over 5 business day. fxpro`s ecn ctrader, commission is most expensive of all ecn brokers. mt4 agency model, this mean nothing. connection is unstable,trade context is busy,requote,requote,requote,,,, MT4 major pairs`s spreads are always over 1.5 pip. I`ve never seen below 1.0 pip. eurusd,usdjpy,gbpusd,audusd,nzdusd,usdcad,eurjpy,gbpjpy,,,,, all. London session,NewYork session.
If you using bank transfers, it's normal
My withdrawal will be processed less than 24 hours, usually an hours, and I'm using payment processor.

Yes the FxPro spread enough high if we compares with other broker, but on big news the spread stable, it's will help me to trade on the big news, other broker will wider the spread.

Many of your posts just complaint on this thread, my simple question why you still trade with them?
  • #420
  • Sep 7, 2014 8:48pm Sep 7, 2014 8:48pm
No,I`m not trade with fxpro.
only watch.
and
my withdraw is not bank trasfer.
I did use credit card.
and Its always took over 5 business days.
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