FXPro

Navigating the field of online trading can be challenging, and my prolonged, less-than-stellar experience with FXPro makes it apparent that not all platforms are committed to ensuring a trustworthy and reliable trading journey. I embarked on my FXPro journey with trust and enthusiasm, opting for a fixed account. However, as time passed, inconsistencies began to surface, unfortunately eroding my faith in them. Here's the crux: positions weren't closing at the prices I set. Specifics? Let’s say you place a stop-loss (SL) order. You'd expect the position to close as soon as the price oscillates towards that SL, right? Well, brace yourself for the surprise that, instead of honing in on your set price, the price either escalates or plummets significantly, or the spread widens substantially enough to liquidate your positions. Contacting the company for clarification often results in a frustrating loop of textbook responses. They repeatedly attributed these price inconsistencies to the occurrence of financial news or some unprecedented market scenario causing spreads to widen, hence the discrepancies. There seemed to be no scope for negotiation or reimbursement on their end. Interestingly, when I highlighted that my account adheres to a fixed spread, they circumvented this by claiming that the fixed spread only applies under 'normal market conditions.' However, when the market scenery displays a wider spread, this deviation from the norm is again justified as aberrant market behaviour. In situations where I executed multiple orders during high-volatility periods, such as the release of significant market news, all my orders invariably closed on the negative side. Even if my orders were long and the price surged upwards, they were prematurely closed due to an inflated spread, instigated to force the SL to trigger and result in substantial losses. Navigating this unreliable landscape was a severe blow to my trust in FXPro as a broker. To prospective traders, I sincerely urge you to tread with caution when considering FXPro as your trading platform choice. The saga of inconsistent prices and fluctuating spreads serves as a sobering reminder that not all is as it seems in the realm of online trading platforms.

Placing utmost confidence in your broker is quintessential in the volatile world of trading, and sadly, FXPro has certainly failed to earn mine. After investing years into trading with FXPro, I began suspecting that the promised fixed account setup was falling short of its assurance. My initial red flag was noticing discrepancies in the position closure prices - particularly in Stop Loss (SL) situations. Whenever the prices border around the SL, prepare yourself for an unexpected twist. Whether it's an inexplicably widened spread or an unpredictable price swing, the result is always in favor of the house - your positions get closed. Seeking clarification via chats or emails was an exercise in futility. The responses seemed recycled and absurdly clichéd, attributing these anomalies to sudden market changes or 'abnormal' movements causing spreads to broaden. I quickly deciphered the profit-centric jargon - an 'abnormal' market meant an opportunity for the broker to game the spreads while shielding behind industry parlance. Upon questioning the reliability of the fixed spread guarantee, their response was downright preposterous. Per their logic, fixed spreads were subject to 'normal' market conditions, a concept as clear as mud. In a nutshell, the spreads could 'abnormally' widen any time – a policy conveniently skewed to benefit their model while disregarding the trader's interests. Further exacerbated by my experiences during major news events, where all my orders semed to close on the losing side, regardless of whether my LONG orders were in line with the market trends. With the implementation of SL, there was an unwelcomed intervention - the spread spontaneously ballooned, culminating in significant losses. Stripped of any trust I had placed in FXPro, these dismal experiences have emphasized one terrible revelation - your losses are their gains. My sincere advice to fellow traders: tread with caution when it comes to FXPro. Their enchanting promises of fixed spreads seem to be nothing more than a well-curated illusion against the backdrop of sporadic market movements.

Having been a long-term trader with FXPro, I find myself in an unfavorable position to reflect heavily on my experience. My intention here is to present a comprehensive and veracious narrative of my journey with FXPro. With an ample duration of trading under my belt, I unequivocally assert that I can no longer place my trust with this broker. Initially, my enthralling journey with FXPro was facilitated through a fixed account. However, as the passage of time revealed the true colors of FXPro, I began to notice an alarming discrepancy in the closure of positions and the price requested by me, especially in the stop-loss (SL). A crucial detail to note here is that these unequal closures would often occur when the price hovered dangerously close to SL. Consequently, preparing oneself for an unexpected fluctuation of prices or an inexplicable widening of the spread just to close your positions is paramount. This manipulative exercise plays a sizable role in exerting control over your orders, often leading to discouraging results. The disappointing part, even more, is the lack of credible explanation when you reach out to inquire about these sudden changes. Their typical response, unvaryingly, entails the blame being casually shifted onto external factors such as unanticipated news or an abnormal market movement causing a wider spread. However, I emphasize, the company fails to take accountability or offer a feasible solution for their actions. Moreover, FXPro responded to my assertion about my account being a fixed spread with an arrogant rebuttal. According to them, fixed spread only operates under normal market conditions. Furthermore, if at any point the spread seems wider, they conveniently label the market as being in an 'abnormal condition'. My experience was further marred by manipulation when my multiple orders opened during the onset of news closed on a negative note. Astonishingly, despite the market moving upward and my orders being long, my SL was triggered due to a sudden increase in the spread, leaving me to cope with massive losses. In conclusion, my overall review of FXPro is overwhelmingly negative, tarnished by their untrustworthy practices and their indifferent stance towards the grave issues I encountered. I share my experience as a cautionary tale for other traders. Do tread carefully while considering FXPro as your broker, for trust is a precious commodity that should never be gambled with.