1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

FxPro SCAM on hign volatility periods

Discussion in 'Scam Alerts' started by Mario134679, Nov 4, 2010.

  1. Mario134679

    Mario134679 Recruit

    Joined:
    Nov 4, 2010
    Messages:
    1
    Likes Received:
    0
    You all not about for FXPro, Virgin Formula, Aston Villa bla bla bla, a "good" company to trade. What you dont know is that their MT4 has a 5 digit price value, something that might look very good for the traders, 0.5 spread etc. What the traders dont know is that in high volatile periods the fifth digit is changing SOO FAST that you cannot close your trades as you are always asked for requote and requote all the time!! Something that ended me loosing all my money because i couldnt close my trades and after filing a complain to refund me my money they refused!!

    PLEASE BE AWARE OF THEIRE PLATFORM AND DONT GET TRAPED THE WAY I DID.
     
  2. PipInvestment

    PipInvestment PipInvestment.com Representative

    Joined:
    Nov 13, 2010
    Messages:
    7
    Likes Received:
    0
    FXPRO scam??

    Can you verify this with a screenshot, or better yet, Go into your LOG file within the metatrader directory the day that you were trading and COpy and paste the
    Reqoutes from your Log File.

    The Log files, are in metatrader/logs folder.

    I'm really shocked that you had issues with this broker. I've never tested them, but I've heard many traders that said FXpro is a good broker. However, a matter of fact, a trader did mention that he would receive reqoutes during NEWS.

    Either way, if you receive a reqoute, pack your stuff up and find another broker.
     
  3. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,653
    Likes Received:
    2,196
    Consider setting SL and TP on all orders. That should overcome the issues with manually closing orders.
     
  4. Chaz McHan

    Chaz McHan Corporal

    Joined:
    Nov 12, 2010
    Messages:
    74
    Likes Received:
    0
    FXPro is a Cyprus-based market maker, not an ECN. I knew that going in, so I was on high alert to any shenanigans that might occur. That being said, I used them for about a year and was very happy with their service, their spreads and their liquidity... and their customer service, as well.

    I made and withdrew hundreds of thousands of dollars in profits. No problems, ever. My account, unfortunately, was canceled by them when they decided to not work with U.S.-based clients (they saw the writing on the wall before a lot of other European brokers did). They gave me plenty of warning and were always kind and professional.

    Some brokerages, though, especially market makers committed to offering the lowest spreads they can, are not the best places to scalp or news trade during high-volatility periods. There will be requotes under these circumstances.

    I am very sorry that you had such a bad experience.
     
  5. lex7775

    lex7775 Banned

    Joined:
    Mar 11, 2009
    Messages:
    40
    Likes Received:
    1
    ^^^wow i think that is the first real positive review about them ihave ever read


    this company lives in high danger not only us clients should close the acc. when the whole fxp staff will be margin called within 1 day soon nobody gets his money out sorry

    .. how come they liked you...just curious
     
  6. stevesmain

    stevesmain Sergeant

    Joined:
    Jan 30, 2009
    Messages:
    227
    Likes Received:
    22
    mt4 & five digit

    the fifth digit on mt4 is not this company's alone
    saw it elsewere and it caused the red flags to jump up
     
  7. KebayaFX

    KebayaFX Private

    Joined:
    Nov 23, 2010
    Messages:
    17
    Likes Received:
    0
    its true i experience such but am comfortable with it..i love their customer service...and they honor huge withdrawals
     
  8. Brian Henderson

    Brian Henderson Recruit

    Joined:
    Nov 13, 2011
    Messages:
    2
    Likes Received:
    0
    Im happy with them. Customer Service is good, spreads are great, some requotes during market opening, news, e.t.c. but nothing sinister so far. Im also demoing their ecn platform, cTrader which looks pretty decent so far. They have even developed an EA software for their ecn. Check this video out
     
    #8 Brian Henderson, Nov 13, 2011
    Lasted edited by : Aug 15, 2015
  9. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,653
    Likes Received:
    2,196
    Wow Brian. Brand new account and only 2 posts - both supporting FxPro and this one looking very much like an advertisement.
     
  10. Laurie Gold

    Laurie Gold Corporal

    Joined:
    Jun 18, 2011
    Messages:
    119
    Likes Received:
    5
    aahhh, the wisdom of a long dead ruler is intriguing maybe the asst mod. should check out Mr. Henderson's credentials. I wonder if Mr. Henderson is the French Ice Hockey player?
     
: fxpro

Share This Page