Broker Website Age: 10 years 8 months
Broker Slogan: Trade Forex like a pro
Platforms: cTrader, MetaTrader 4

Davey Review: 9/10

FX Pro 9/10

FX Pro is one of the most popular forex brokers for retailers. They are an agency model based organization and operate from Cyprus with offices in 6 more countries namely, UK, Russia, Spain, Australia, France and Austria. They also provide Meta Trader 4 (also known as MT4) and are regulated by FSA UK, AISIC and CySEC.

It is mostly intended to attract traders who participate in bulk trade. The broker is really good and their trading environment is quite appreciable. However, one thing that needs to be understood about them is that they have very strict rules. You can even call them ‘brokers of the book’. As long as you keep it up to the desired standards you will get very good service. They have been loaded with many awards including the most innovative Cyprus broker award which only shows their finesse and expertise in the business. They have many satisfied customers.

One thing that goes in the favor of FX Pro is that they provide great support over multiple platforms. Their trading platform cTrader is really appreciable. MT4 works for the desktop while you get other mobile based application as well. Therefore, we can say that they are technologically ahead of others and provide a good trading environment that can be used as per the wishes of the users.

FX Pro is especially good for those who want better liquidity and who want better deposit and withdrawals. One problem that is associated with them is that their website often freezes out of the blue. There have been cases where people were charged money even on bank wire transfers. There have been complaints regarding debit/credit of FX Pro and the bank account as they sometimes mismatch. Many people have continuously been lashing out at FX Pro for unequal debit and credit and charges that are not told about earlier. Moreover, the customer support also messes up things at times as they are infamous for not giving prompt of proper reply even when 24 hours support is available in 15 languages.

However, no broker is one hundred percent perfect. We recommend FX Pro only for the experienced traders as they know the game and the rules well. It is generally advisable to beginners that they don’t use FX Pro much as it is targeted mostly towards high volume traders and there is a lot of effort that goes that way. However, you can get a practice account for free and try your hands on forex trading.  I have an account with this broker and have made a bundle of money in the past year while trading with said account.

Daveys Forex InfoBlog 2013