FxPro
Feb 16, 2017 at 13:59
1,156 Views
13 Replies
Member Since Feb 22, 2011
4862 posts
Feb 16, 2017 at 13:59
What do you think about FxPro?
I am in general satisfied even though the spreads are 2 times higher than elsewhere but it is fine.
What I dont get is few of my trades were delayed by 5000 ms and of course executed with corresponding sllipage.
I go this explanation - seems like dealing desk dealing with only some trades, ehm...
What do you think?
A very small % of the orders received by FxPro, less than 0.01 %, is flagged by our sophisticated automated systems due to potentially delayed prices or times of extreme volatility or a combination of other occurrences.
These orders are diverted for manual verification before execution. The manual verification may take an average of 4-6 seconds till the completion of the trade depending on the number and the size of orders routed. Please note that orders routed to manual execution are processed in turn of being received.
This is performed in a non-discriminatory manner and may lead to better or worse price for all clients compared to the automated execution that usually completes within 50 milliseconds and is in line with our regulatory best execution requirements towards our clients.
We hope the above clarify why your order was executed in a longer time than usual.
I am in general satisfied even though the spreads are 2 times higher than elsewhere but it is fine.
What I dont get is few of my trades were delayed by 5000 ms and of course executed with corresponding sllipage.
I go this explanation - seems like dealing desk dealing with only some trades, ehm...
What do you think?
A very small % of the orders received by FxPro, less than 0.01 %, is flagged by our sophisticated automated systems due to potentially delayed prices or times of extreme volatility or a combination of other occurrences.
These orders are diverted for manual verification before execution. The manual verification may take an average of 4-6 seconds till the completion of the trade depending on the number and the size of orders routed. Please note that orders routed to manual execution are processed in turn of being received.
This is performed in a non-discriminatory manner and may lead to better or worse price for all clients compared to the automated execution that usually completes within 50 milliseconds and is in line with our regulatory best execution requirements towards our clients.
We hope the above clarify why your order was executed in a longer time than usual.
Mar 01, 2017 at 07:29
I have noted also some times these delays but only on MT4. Never noticed them on cTrader. I personally think that cTrader is less expensive (0.9 Pips + 0.4 spread for EURUSD instead of almost 2 pips in MT 4 - also MT5 than MT4). MT5 looks also cheaper than MT4. The real disadvantage of MT5 is that FxPro does not allow hedging (which is now a feature of MT5 when the broker wants it).
Member Since Feb 22, 2011
4862 posts
Mar 01, 2017 at 07:40
Tullius posted:
I have noted also some times these delays but only on MT4. Never noticed them on cTrader. I personally think that cTrader is less expensive (0.9 Pips + 0.4 spread for EURUSD instead of almost 2 pips in MT 4 - also MT5 than MT4). MT5 looks also cheaper than MT4. The real disadvantage of MT5 is that FxPro does not allow hedging (which is now a feature of MT5 when the broker wants it).
@Tullius
thanks for your opinion,
the spreads for MT4 FxPro are higher but the difference to ctrader is not so big,
as spread fluctuates from 0.6 to 1.6 pip.
I am satisfied as I run this account as master and copy trades to followers.
https://www.myfxbook.com/members/togr/simplythebest-fxpro/1854918
Having big fxpro spread on master does help to achieve the same or even bigger profit on followers at another brokerages.
Member Since Dec 11, 2015
1487 posts
Aug 25, 2017 at 13:34
If you’re trading with FxPro keep in mind that the broker has stopped offering its social trading platform SuperTrader. Although the broker has not made an official statement on the issue, its social trading terminal SuperTrader is no longer present among the platforms offered FxPro and that the webpage dedicated to this social service is no longer accessible. (https://www.forexbrokerz.com/news/FxPro-abandons-its-SuperTrader-social-platform)
Member Since Feb 22, 2011
4862 posts
Aug 31, 2017 at 14:40
BaldoN posted:Well fxpro.co.uk is regulated under UK so it is IMHO fine
FX Pro is a Russian broker and I would not take a risk to fund account with more then 1000 EUR. :)
On the other hand I agree Russian brokers are very dangerous
forex_trader_157608
Member Since Oct 21, 2013
5 posts
Sep 05, 2017 at 06:22
They appear a premium broker to me and although i have only been using them a short time, they also sponsor football teams - must be legit :)
Haraldo
Haraldo
Member Since Feb 22, 2011
4862 posts
Sep 05, 2017 at 06:38
ArryFX posted:
They appear a premium broker to me and although i have only been using them a short time, they also sponsor football teams - must be legit :)
Haraldo
They are legit and regulated in UK.
In the past they seemed to start as Russian broker which raises a big red flag for me.
forex_trader_157608
Member Since Oct 21, 2013
5 posts
Sep 06, 2017 at 06:27
togr posted:ArryFX posted:
They appear a premium broker to me and although i have only been using them a short time, they also sponsor football teams - must be legit :)
Haraldo
They are legit and regulated in UK.
In the past they seemed to start as Russian broker which raises a big red flag for me.
Yes I am UK based and this is my broker. I find them very good.
H
Member Since Feb 22, 2011
4862 posts
Sep 06, 2017 at 14:39
fxste posted:
Fx pro is good at the begin...after that...particullary under news flag you account
not quite understand what do you mean
but apart from couple of vastly delayed trades I had no issues with them
Member Since Feb 22, 2011
4862 posts
Sep 06, 2017 at 14:40
ArryFX posted:togr posted:ArryFX posted:
They appear a premium broker to me and although i have only been using them a short time, they also sponsor football teams - must be legit :)
Haraldo
They are legit and regulated in UK.
In the past they seemed to start as Russian broker which raises a big red flag for me.
Yes I am UK based and this is my broker. I find them very good.
H
Yes they have proper regulation so I trade $4000 account with them, withdrawing profit, no issues
Member Since Nov 04, 2017
13 posts
Dec 17, 2017 at 08:22
togr posted:ArryFX posted:
They appear a premium broker to me and although i have only been using them a short time, they also sponsor football teams - must be legit :)
Haraldo
They are legit and regulated in UK.
In the past they seemed to start as Russian broker which raises a big red flag for me.
What is the minimum deposit for this broker?
Member Since Feb 22, 2011
4862 posts
Dec 18, 2017 at 08:09
I guess 1,000 is fine
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