Like Jeff said, i seem to notice quite high spreads. I also their systems are quite poor, numerous disconnects. Today for instance i cannt connet for the past 45mins, not good in the forex world when you have open positions. You cant even access there website to log an issue, and their phones jsut ring out. I will be closing my account after today. False advertising in my books.
These guys may seem like they have low spreads to begin with, but as soon as you start making money, they started to change the spread on you way above there so called maximum.
A I am a client to this bank in which I open letter of credits, well all people know about some strange activity of them and more exactly in the way that they lend money for trading, especially Suliman Aon which appear like a Maestro in the Masonry!
The problem resolved here:<br />
I full advice visiting the following link:<br />
I agree with you that Cyprus is a regulated banking center in Europe, it is a financial center like Swiss.<br />
But look to this problem with a bank located in Cyprus.<br />
I was living in Syria which is a country under USA sanctions, so USA financial firms dont allow syrians inside syria to trade the USA Markets and USA alliances in the world put also a lot of restrictions on people dealing with financial products from syria.<br />
I was trading USA markets for many years via a bank located in Lebanon called BEMO BANK SAL, they gave acess to US markets, I was also paying them (like other youth traders) a good brokers fees.<br />
one day I traded the Nymex stock on IPO day, it was going grazy, So I put a stop lose, I swear that I heared the broker telling the bank that the stop lose was tacked.<br />
Bemo Bank told me NO NO your trading was not tacked!! he told that we must put double stop lose ( a term which does not exist). I lost a lot of money coz he have not taked the stop lose or the next asking bid price on markets!!! he told double stop lose.<br />
No one returned money to me for this trading or for other trades in which if goes normally I have to collect in trading with that bank hundreds of thousands of US dollars during 4 to 5 years.<br />
thank bamo bank have also a branch in Limasol.<br />
but,.............how are regulating them? simply no one...they got a hard money and work from me which counted a lot to me.
Heya all. These guys offer spreads from 0,5 pips now... Thats like WOW.
I like fund deposit and withdraw by credit cash .
USA regulation is more strict? Look what happen to FXLQ.
I`am trading LIve and have Live ACC in FX PRO.. great support.. and fast withdraw.. but if You Want Open Huge LIVe aacount, then better go to Ducas COpy
I shall tell -julius, you have in view of such adjustable by the American legislation as Refko?
BE AWARE ----IF YOU WANT TO LOSE ALL YOUR INVESTED HARD EARNED MONEY JUST AN ACCOUNT WITH FXPRO ,,I OPENED A LIVE ACCOUNT WITH THEM AND 1- THEY IF YOU BU Y THEY RAISE THE SPREAD ON YOU ... I BOUGHT USD/JPY 4.45 PM IN A VERY SLOW MARKET BUT THEY RAISE THE SPREAD TO 5 INSTEAD OF 2 AND TRY TO CALL THEM NO ANSWER AND THEIR LIVE SUPPORT TOLD ME TO E-MAIL THEM UNBELEIVABLE SOLUTION TO A LIVE TRADE AND LUCKILY I MANGED TO CLOSE THIS TRADE AND FEW MINUTES LATER I SOLD USD/JPY AND ALL THE SUDDEN THEY LOWER THE SPREAD TO 2 .... 2- THEY CHARGE YOU FOR HEDGING ANY POSITION AS YOU OPEN A NEW POSITION NEVER HEARD OF.....3- WHEN I HEDGE A POSITION SUPPOSE THE MONEY LEFT IN THE ACCOUNT AFTER HEDGING ALMOST DONOT CHANGE MUCH BUT WHEN I HEDGE THE MONEY LEFT IN THE ACCOUNT WHICH IS ABOUT 15% DISAPEAR AND REACH NEGATIVE AGAIN NEVER HEARD OF ........ I HAVE THOSE TRADES PICTURES AND WILLING TO UPLOAD IF YOU HAVE THIS OPTION .... AND I'LL GET BACK TO YOU FOR MORE .
If you no confident in this and its still a new broker,i suggest to open a account with INTERBANK FX or OANDA because USA regulation is more strictly compare to CYPRUS.
Cyprus is an internationally unregulated financial environment, thats why all the bucketshop brokers get setup there. They dont need any capital requirements to offer trading services. They can even accept credit card funding... who are you going to call if they dont send you your money back? The Cyprus Exchange Comission? Yeah right... I invite you to try that... I made the mistake back in the day with North Finance. Up to you to take my advice or not but a broker calling himself FX PRO that has only been around for a year cannot have any liquidity connections to any big bank... leading to the fact that its a market maker. There are far better brokers out there and the only places where regulation comes into game seems to be USA and Switzerland, the rest is a level under.
Whats wrong with Cyprus
The minimum distance of stops 100 pips.
Plunder 24 hours a day
speechless tranding conditions, fully agree! support is simply great. 5+ P.S. this is not paid advert :)
this i s a company with revolutionary brokerage.their leverage is heavenly, the spreads are juicy for the majors i mean i just love these guys. don`t care if they are Cypriot
This is a very good broker, best customer support I have ever seen. Only downfall is there in Cyprus but I believe they are trust worthy. Multiple ways of funding and withdraw plus fast. 100% satisfied with them
Hey, these guys are the new generation of broker.
1. Cyprus is in the EU and their regulation is simply equal to FSA regulation after the MiFID announcements
2. low spreads + good leverage
3. VISA ans Master card funding and withdrawal(!) options
4. Dow Jones news everywhere(site+platform) ))
After using FXCM and Odl, they look much more attractive
but they're in cyprus. how can you trust? no way.
Quite interesting - low spreads and MT4, fully regulated in EU.
Just opened demo account - looks great as they have 5 digits after coma, havent seen this feature in MT untill now, loads of stuff to trade, spread on euro 1.8
FxPro Financial Services LimitedÂ is a leading forex broker providing services on international financial markets. The company was established in 2006 and has its’ headquarters in London, United Kingdom . Besides, FxPro forex broker has office in Cyprus. The company’s operation and...
Regulation: CySEC, FCA, FSBFxPro trading information
|7||Fort Financial Services||72%|
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