Thursday, August 1, 2013

Fx Pro Review

Today’s review takes a closer look at Fx Pro, a UK based broker which carved out a spot at the top of ECN brokers especially in the retail crowed. They are regulated in the UK and they make it very clear that residents from two countries are not welcome:

  • The United States of America
  • The Islamic Republic of Iran
I point this out as I want to show which path the U.S. has chosen and I applaud the UK for making sure that the wrong people stay out and are not serviced. Other trades can rest assured that an effective regulator makes sure funds are secure. The UK regulatory system may not be perfect, but works much better and effective than most of their western counterparts.

Fx Pro offers the popular ECN platform cTrader which is a great platform. It is a bit more complicated for traders who are used to the MT4 platform, which is also offered by Fx Pro as it is the most popular trading platform in the retail forex space, but it should not take long for sophisticated traders to get accustomed to a much better trading platform.

The Fx Pro cTrader Account has a minimum deposit of $1000 and offers leverage of up to 1:500 and zero spreads. A few other great attributes of Fx Pro are:
  • No Dealing Desk
  • No restrictions on stop orders as well as limit orders
  • Level II pricing and full market depth
  • Negative balance protection
  • Automated trading through cAlgo
  • 100% Agency Model
  • Advanced Trading Tools
  • Professional trading conditions
  • Security of client funds
  • Drag & Drop Technologies
  • Full Transparency
  • No price manipulation
  • Anonymous order execution
  • No conflict of interest

Overall Fx Pro is one of the best outlets for your forex portfolio in the retail space and should be part of every traders group of brokers they use. Fx Pro offer small portfolios the chance to operate like a professional portfolio which makes this a top destination for serious forex traders. We give Fx Pro two claws up; The Last Bear has roared!


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