Experiences with FX Pro – good or bad?
FX Pro is without a doubt a big Forex broker that investes a lot of money in marketing and that has a solid presence in the Forex community. They even sponsor a Formula 1 team. FX Pro runs big and aggressive promotions and that’s one of the reasons why they have been growing so fast the last couple of years. But that doesn’t mean that FX Pro is reliable. There are a lot of traders that are not happy with the FX Pro platform and their service.
The biggest and most serious complaint about FX Pro is that they make it hard for you to withdraw your money. You really have to take this seriously because if a broker keeps money in his pockets and won’t let traders withdraw it looks like a scam. Of course, not every trader has problems with withdrawals but not just a few either. If somebody tells you that they manipulate charts then this could be a personal impression that doesn’t have to be true. But withdrawal issues are another story.
But how does FX Pro react when you want to withdraw your earnings? First of all they accept all deposits and don’t make any bigger security checks. But when it comes to withdrawals they want to know everything and receive documents that don’t even exist. For example if you made a deposit 2 years ago and you don’t use this method any more or moved in the meantime then you will have issues with your withdraw. And it’s highly likely they don’t accpet it or you have to fight for your money at least.
But how does FX Pro react when you want to withdraw your earnings? First of all they accept all deposits and don’t make any bigger security checks. But when it comes to withdrawals they want to know everything and receive documents that don’t even exist. For example if you made a deposit 2 years ago and you don’t use this method any more or moved in the meantime then you will have issues with your withdraw. And it’s highly likely they don’t accpet it or you have to fight for your money at least.
However, you can’t prove any scam by FX Pro but we don’t recommend them. Some practices don’t look reliable and just because they invest a lot in marketing doesn’t make them more reliable.
Experiences with FX Pro
Let’s see what other traders think about FX Pro.
I have no doubt that their demo account is different than real money trading. There’s something fishy here. But I have no complaints and my withdrawals have been accepted so far.
I had problems with my credit card deposit. I deposited money but it never reached my account. I had to send lots of documents but without any result. Still can’t find the money in my account and that concerns me.
Great demo account and good support. Can’t say anything about withdrawals so far.
I made some different trades simultaneously from different PCs and there have been major differences. Something is wrong here.
I could not close a position that was very profitable. The trade went in the wrong direction after that and I lost a lot of money. Stay away from this broker.
I experienced major issues with my withdrawal. They just did not accept the documents I sent. They accepted my deposit without thinking about it but didn’t want me to withdraw. Please stay away from them!
I tried to cashout my earnings twice but the money never reached my bank account. They wanted document after document until they found anything wrong (what actually is no biggie) to refuse my withdraw. I gave up.
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Experiences with FX Pro - good or bad?,
The reality is they only get prices from liquidity providers which they then feed into their platforms.
FX Pro then provides the liquidity which their unsuspecting clients trade with.
Basically, FX Pro is a market maker & their retail contract although written to confuse the reader, states that you trade in a FX Pro market & there is actually no real market. They are the main counter party & principle to all your trades.
This is in their ‘colorfully’ worded contract -which they know most people dont actually read.
Their entire scam is all there (possibly as a legal requirement) but which they try to hide with lots of confusing terminology.
Their contract also takes away ALL client’s legal rights by the way.
I initially did not have a problem with all the small withdrawals I requested & my money usually arrived in my account within three days until I started making bigger profits.
I stopped trading with them & my money arrived weeks later.
They dont expect you to withdraw your money once you deposit it & if you start making more withdrawals, it means you’re not bringing them profits & you have to go.
It will remain striding the TP line with only the ask line moving with the price while the bid line remains behind striding the TP. Only if the volume is high enough will the bid line finally cross the TP to give you a profit.
Also, if I opened many orders during news, all orders closed in negative side, even if my orders was LONG and the price moved up, it closed because I put SL, and they make the spread MORE wider just to close the orders with HUGE loses.
Evertime I put a trade in , I mean everytime even if it was hitting my profit target , when I put my position in then it would go the other way.
its a BUCKET SHOP.
KEEP FAR FAR AWAY