FXPro scam

[Aerozot]

I think, we should have a neutral BabyPips admin, contact them and inquire about the issues posted here. Since faking an e-mail, is just to easy.

[bravehoststamps]

I think, we should have a neutral BabyPips admin, contact them and inquire about the issues posted here. Since faking an e-mail, is just to easy.

Good idea. By the way, FPA has also issued a warning about FXPro on their website: Fx Pro | FxPro.com reviews and ratings by ForexPeaceArmy

[isildur]

I´m with FXpro too but I´m not using an EA. I haven´t had any problems with them so far. I haven´t received any email regarding this mather.
I´m not trading high volume on my FXpro account since I´m using my OANDA account more. Maybe I should close this account at FXpro if there is an indication that they are a shady company.

[StevenForex]

Look what I got from them!!!

[Frederic6]

Below is the message I received from FXPro having successfully traded Forex Megadroid with them for over a year:

"Dear ,

In order to safeguard all our clients, including yourselves, please be notified that as of today 21:00 server time, and at least until 02:00 AM server time, we will not be accepting trading using Expert Advisors (automated scripts coded in MQL4). This is due to the reduced liquidity available in the market, at these times, and the aggressive trading characteristics of your EA that may affect the smooth operation of the electronic platform.

Please take particular note that any active trades, between these times, will need to be closed manually via your terminal."

Just wanted to warn everyone of this scam brokerage.

Hello Bravehoststamps,

Would you like please answer my questions:

1. Is MQL4 a trading plateform provided by FxPro ?
2. Is Expert Advisors coded by yourself ? If so, what is the programming language you have used ?

Thank you in advance,
Fred,

[Frederic6]

Hello Bravehoststamps,

What could be the bigest retail non dealing desk brokers in the world ?

Thanks a lot,

Fred,

[Frederic6]

Hello Steven,

Have you any other problem with this broker so far ?

Thanks,
Fred,

[bravehoststamps]

Hello Bravehoststamps,

Would you like please answer my questions:

1. Is MQL4 a trading plateform provided by FxPro ?
2. Is Expert Advisors coded by yourself ? If so, what is the programming language you have used ?

Thank you in advance,
Fred,

1. Yes, the MetaTrader4 platform (for which MQL4 is the coding language) is offered by FXPro.
2. The expert advisor I used was Forex Megadroid. I did not code it myself but purchased it a long while ago. It is written in MQL4.

[bravehoststamps]

Hello Bravehoststamps,

What could be the bigest retail non dealing desk brokers in the world ?

Thanks a lot,

Fred,

I don’t know about the biggest one, but FinFX, FXCBS, and Tadawul FX are the most well-known. All of them offer MetaTrader4 for the MQL4 expert advisors.

[Frederic6]

1. Yes, the MetaTrader4 platform (for which MQL4 is the coding language) is offered by FXPro.
2. The expert advisor I used was Forex Megadroid. I did not code it myself but purchased it a long while ago. It is written in MQL4.

Is Expert Advisor interesting to use(I mean profitable) ?

[bravehoststamps]

Is Expert Advisor interesting to use(I mean profitable) ?

I wouldn’t be using it otherwise.

[Frederic6]

More on FXPro, I would excercise extreme caution with any Forex business which is either owned or controlled by Russians. FXPro is one of them despite being domiciled in Cyprus - their founder is a Russian named Denis Sukhotin: FXPro Plans Even Stronger Growth in 2011 Denis Sukhotin – Forex Crunch . Enough for me to stay away from them for good.

What do you think about FXCM ?

[bravehoststamps]

What do you think about FXCM ?

I see no reason to use them. Their maximal available leverage is 1:50 and the spreads are quite high.

[Frederic6]

I see no reason to use them. Their maximal available leverage is 1:50 and the spreads are quite high.

Their maximal laverage is 1:200 and they are regulated in France, USA and UK

[bravehoststamps]

Their maximal laverage is 1:200 and they are regulated in France, USA and UK

1:200 is only availbale to non-US customers. And it’s still a lot lower than what most brokerages offer.

[Frederic6]

1:200 is only availbale to non-US customers. And it’s still a lot lower than what most brokerages offer.

Yes you are right about their spread which is high. But don’t you think that it is better to use brokers who are regulated in countries like UK, France, USA,…etc ?

If they have just 1:50 laverage in USA, I think that it’s because of US Regulator. otherwise they would offer the same laverage as they do in other countries

[bravehoststamps]

Yes you are right about their spread which is high. But don’t you think that it is better to use brokers who are regulated in countries like UK, France, USA,…etc ?

If they have just 1:50 laverage in USA, I think that it’s because of US Regulator. otherwise they would offer the same laverage as they do in other countries

I am currently with FinFX and FXCBS. FinFX is domiciled in Finland and I don’t think Finland is less reliable than the US, the USA, or France in terms of regulation. The choice of a broker is completely up to you.

[Frederic6]

I am currently with FinFX and FXCBS. FinFX is domiciled in Finland and I don’t think Finland is less reliable than the US, the USA, or France in terms of regulation. The choice of a broker is completely up to you.

Do they offer something like Expert Advisors of FxPro ?

[bravehoststamps]

Do they offer something like Expert Advisors of FxPro ?

Sure. That’s why I’m using them.

[Frederic6]

Sure. That’s why I’m using them.

Which EA would you advice me for MetaTrader platform ?
FinFx told me that there is no EA with thier MetaTrader Platform, if I like to have one, I’ve to look for EAs vendors for MetaTrader platform.

Thank you in advance,
Fred,