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Experiences with FxPro

  • #781
  • Edited 1:33am Oct 28, 2015 1:32am | Edited 1:33am
hello, yesterday a false spike happened on usdcad chart of demo account, time was 23:02, the low of the price went to 1.25856. it didn't happen on real platform though, but it was quite scary and it affects the data so a lot of indicators would calculate wrong.
Please look into that!
Thanks!
https://www.mql5.com/en/charts/41366...ncial-services
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1 SPIKE.png Size: 21 KB
  • #782
  • Oct 28, 2015 2:47am Oct 28, 2015 2:47am
Quoting sailorvt
hello, yesterday a false spike happened on usdcad chart of demo account, time was 23:02, the low of the price went to 1.25856. it didn't happen on real platform though, but it was quite scary and it affects the data so a lot of indicators would calculate wrong. Please look into that! Thanks! https://www.mql5.com/en/charts/41366...ncial-services {image}
Dear Sailorvt,

Thank you for your message. Indeed, there was a spike on the USDCAD, and it was only on the Demo accounts.

We are now working to fix this and correct the charts.

Kind regards,

FxPro Team
Trading CFDs involves significant risk of loss.
  • #783
  • Oct 28, 2015 3:44am Oct 28, 2015 3:44am
Quoting FxPro Global
Dear members, We are delighted to announce that as of Monday September 21st 2015, shares trading has also been made available to clients registered with FxPro UK. This greatly expands the trading opportunities available to FxPro UK clients, as you will now have the option to trade over 150 large cap shares from the following countries: 100 US Shares 30 UK Shares 10 French Shares 15 German Shares If you have any information regarding these new products, please do not hesitate to contact our Support Team. Kind regards, FxPro Team
Dear Fxpro,

Bravo on expanding these CFDs.

Could you expand the UK, French and German shares more? it is a little compared to US shares.

Another thing is the spread on most shares are pretty wide. I opened a daily chart, make it to show the bid line and ask line on MT4, and it can be seen that the bid ask spread is very obvious on the daily chart . The spreads are so big that it is impossible to day trade them.

Thanks.
  • #784
  • Oct 28, 2015 5:59am Oct 28, 2015 5:59am
Spread Lines
Attached Image

Orginal download location: https://www.mql5.com/en/users/file45/publications
Attached File(s)
File Type: mq4 spread_lines.mq4   3 KB | 366 downloads
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #785
  • Oct 29, 2015 1:29am Oct 29, 2015 1:29am
I totally agree with you Phylo and Rapphire. Spreads are very large. Too much large rather than competitive brokers like IG.

Attached Image
Algorithm is life
  • #786
  • Edited 7:48am Oct 29, 2015 6:16am | Edited 7:48am
Quoting CrazyCoder
I totally agree with you Phylo and Rapphire. Spreads are very large. Too much large rather than competitive brokers like IG. {image}

  1. Above post #784 makes no reference to FxPro spreads. Perhaps I should have clarified the below in the post. Busy.
  2. The post list an indicator for download.
  3. Besides a graphical enhancement of spread lines the indicator offers a function to graphically compare spreads of current broker against another. This function is explained at the original download site - https://www.mql5.com/en/code/12482.

SPX500 is not a symbol used by FxPro. The FxPro symbol is #S&P500_Z5. (the last two characters changing according to the contract month).

The #France40 image does not have a date stamp. The spread is excessive and typically representative of market-closed dead spreads.

As comment: My un-diligent observations is that some FxPro spreads, as below, are competitive while those that are not are comparable.

S&P500_Z5 live: Date: 28/10/2015 (UK format). Time: 11.39 UK winter (GMT), 07.39 ET. Out of exchange hours.

Note: Exchange quote format: 2084.50

#post 784 → 5 digit quote → SPX500 → 21104 - 21099 = 5 (0.5).
FxPro → 6 digit quote → #S&P500_Z5 → 207525 - 207475 = 50 (0.5).

Attached Image
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #787
  • Edited 6:59am Oct 29, 2015 6:46am | Edited 6:59am
Dear Traders,

Earlier this year, we took the initiative to publish quarterly statistics relating to our standards of service. The decision was made in an effort to increase transparency in the FX market and encourage more industry participants to be as forthcoming about their operations.
Today, FxPro is pleased to announce its slippage and execution percentages for the months of July, August and September, 2015.

FxPros Q3 slippage statistics are as follows:

  1. Positive = 43.4%
  2. At Quote = 39.6%
  3. Negative = 17.0%


Re-quote percentages for the same period:

  1. Re-quotes = 4.5%
  2. Positive = 2.8%
  3. Negative = 1.7%

FxPro CEO, Charalambos Psimolophitis, commented:

Quote
Our execution statistics are very encouraging. Even though there was increased market volatility during the third quarter of 2015, we have managed to register these promising figures that reveal slippage symmetry and testify to our advanced execution and order-matching technologies. It remains our aim to continue providing our clients with flawless service and order execution, even in the most volatile of market conditions.

Kind regards,
FxPro Team
Trading CFDs involves significant risk of loss.
  • #788
  • Nov 6, 2015 2:02am Nov 6, 2015 2:02am
Hi Fxpro,

Why is the spread on silver so large? Gold's spread is much better.
  • #789
  • Nov 6, 2015 2:33am Nov 6, 2015 2:33am
Quoting rapphire
Hi Fxpro, Why is the spread on silver so large? Gold's spread is much better.
If you are using the variable spread account, the spread is always changing.

I think it is mainly due to the volume, more volume less spread, less volume == higher spread.

In fact, I noticed that during the night and on sunday opening the spread is higher.


I am using an Indicator to check the spread on fxpro, I think that this thing is quite useful because when I see a too much spread i have a general indication that there is low volume and so if possible it is better to wait.
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #790
  • Nov 6, 2015 4:42am Nov 6, 2015 4:42am
Quoting rapphire
Hi Fxpro, Why is the spread on silver so large? Gold's spread is much better.
Dear rapphire,

Thank you for your enquiry into the spreads we offer on Silver.

Please be advised that our current average spread on Silver on MT4 is 3.7 cents. Please note, also, that Silver is quoted in 3 digits, while Gold is quoted in 2 digits.

Kind regards,
FxPro Team
Trading CFDs involves significant risk of loss.
  • #791
  • Nov 6, 2015 6:42am Nov 6, 2015 6:42am
Hi FXPro,

I confirm that today the spread is very huge and it's never reduced!! 3 point spread whereas on your website you mention that average spread is around 0.9. How it's possible?

Thanks for your help.
Regards

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 135 KB
Algorithm is life
  • #792
  • Nov 6, 2015 8:26am Nov 6, 2015 8:26am
Haven't been trading with this broker since many months and started few weeks back(testing something)

They have changed some conditions like Spreads are different (mostly better but not always), Margin Call %age (increased), Stopout Levels (increased), etc etc (Especially after the cyprus fiasco, they call themselves a UK based broker (FWIW)). SOme thing have changed for good..but dont seem all

Just was testing things with a minor account and
just now at todays NFP.....
horrible SPREADS on AUDUSD on report release >13-17 pips... have caused buy stop orders also to be sucked in...

Looks like source of liquidity (whatever it is and whatever its worth on this cyprus/uk based broker) is pretty dry during new releases


Dont expect much from this broker..yeah there are far worse than it..but anyway
(coming from someone who had traded a lot with them... in past....take the advise(esp. if gonna deposit anything past low-mid 5 digits) ..its free )
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #793
  • Nov 6, 2015 9:40am Nov 6, 2015 9:40am
NFP Trade with FxPro pair NZD/USD,no platform freezing everything smooth and the execution as i mention earlier is the best,my order was fill only 5 pip diffrent from my pending order,i have 2 other broker trade NFP at the same time but my order was fill with 35pip diffrent from my pending order so FxPro is the best broker for newstrading (straddle)

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: Straddle.png Size: 87 KB
  • #794
  • Nov 7, 2015 12:49am Nov 7, 2015 12:49am
Quoting Irwan1976
NFP Trade with FxPro pair NZD/USD,no platform freezing everything smooth and the execution as i mention earlier is the best,my order was fill only 5 pip diffrent from my pending order,i have 2 other broker trade NFP at the same time but my order was fill with 35pip diffrent from my pending order so FxPro is the best broker for newstrading (straddle) Thank you. {image}
Hey Buddy Irwan, glad you like FXPro, as for me I opened an account but I'm still thinking if I should fund it or not. Lot's of negative review and this weekend spread surprised me it's huge. On UJ weekend spread is 10.9 pips on EU 3.8 pips spread. While on my Pepperstone spread on UJ is 0.9 pips and EU 0.7 pips. I have attached screenshots. To the left is Pepperstone Live and to the right is FXPro Live. I don't hold trades over the weekend but for some people this could mean a stop out.

I'm still trying to decide here.

By the way welcome back Forexsaint I once joined your 100 fold challenge but I miserably failed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 129 KB
Click to Enlarge Name: Screenshot2.png Size: 140 KB
  • #795
  • Nov 7, 2015 1:43am Nov 7, 2015 1:43am
Quoting maflip
{quote} Hey Buddy Irwan, glad you like FXPro, as for me I opened an account but I'm still thinking if I should fund it or not. Lot's of negative review and this weekend spread surprised me it's huge. On UJ weekend spread is 10.9 pips on EU 3.8 pips spread. While on my Pepperstone spread on UJ is 0.9 pips and EU 0.7 pips. I have attached screenshots. To the left is Pepperstone Live and to the right is FXPro Live. I don't hold trades over the weekend but for some people this could mean a stop out. I'm still trying to decide here. By the way welcome...
Hello maflip my friend,what took you so quite over this few week,everything fine?i notice that weekly huge spread as you mention and that's why i use fix spread account.
Open fix spread account maflip and lets trade the news.
  • #796
  • Nov 8, 2015 9:23am Nov 8, 2015 9:23am
Quoting maflip
{quote} .... I'm still trying to decide here. By the way welcome back Forexsaint I once joined your 100 fold challenge but I miserably failed. {image} {image}
Hello maflip..
yeah i do remember your name..just saw that participant list.
Nothing "" about "failing" mate...10000% profits is not some easy target..i failed so many times too (just that the risk reward ratio is pretty good if things work out). More or less its still which cant be called usual trading..more like testing limits of skill, patience, greed, fear, etc (if one really thinks abt it)

Select your broker wisely...("Fxpro" is not really "PRO"...and has some/many limitations)..esp. if the funds are on high side.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #797
  • Nov 8, 2015 10:14am Nov 8, 2015 10:14am
Quoting forexsaint
{quote} Hello maflip.. yeah i do remember your name..just saw that participant list. Nothing "" about "failing" mate...10000% profits is not some easy target..i failed so many times too (just that the risk reward ratio is pretty good if things work out). More or less its still which cant be called usual trading..more like testing limits of skill, patience, greed, fear, etc (if one really thinks abt it) Select your broker wisely...("Fxpro" is not really "PRO"...and has some/many limitations)..esp. if the funds are on high side....
Could you elaborate on that
  • #798
  • Nov 8, 2015 6:40pm Nov 8, 2015 6:40pm
Hi, is FXpro leverage still 1:500 max? Are you guys accept Paypal as a deposit method?
  • #799
  • Nov 10, 2015 1:57am Nov 10, 2015 1:57am
"USD: Fed Ends the Correction. Bullish.
The Fed surprised markets by sounding more hawkish than expected, driving a re-pricing in the probability of a December hike. We now expect a more bullish USD going forward, as investment works its way into the US. Strength is likely to be concentrated against G10 currencies and low-yielding AxJ. Going forward, data will be increasingly important for USD as a December hike is now in the balance. On that front, we will watch payrolls next week.
EUR: The Draghi Put. Bearish.
We expect EUR to be a clear underperformer in this environment. The divergence in monetary policy should encourage funding in EUR, and we think that EUR could retest lows of the year. However, we would stand by our previous assertion that a combination of ECB action, including a deposit rate cut together with further QE in a broadly risk-positive environment, would be required for sustained EUR weakness.
GBP: BoE in Focus. Neutral.
We have turned tactically bearish on GBPUSD, targeting 1.4850. The BoE’s Carney has started to sound a bit more dovish and the GDP data in the past week undershot market expectations slightly. With the pace of growth now slightly below the level that Carney previously mentioned was required for a rate hike to be considered, there are risks of more dovish commentary from the bank. The services PMI data and BoE Inflation Report will be important to watch.
CHF: Long USDCHF Comes Back into Play.
Diverging monetary policies between the ECB and the Fed support long USDCHF positions again. Technically USDCHF has broken through the high of 0.99 in August, supporting some further upside momentum. Aggressive ECB policy in December may support the SNB cutting rates further in coming months if it sees a risk to EURCHF falling too fast. The SNB’s Zurbruegg said that the bank would need to reassess and that you can’t tell in advance how low rates could go.
AUD: A Short-Lived Rally. Bearish.
We believe that the period of AUD strength is behind us and now expect further losses. In addition to the broader strong USD environment, the risks of a cut at the upcoming RBA meeting are rising as inflation undershot in its latest release. Iron ore prices have been coming off as well. AUD could now catch up with its commodity currency peers, heading back towards the lows."

Just for info.
  • #800
  • Nov 10, 2015 2:03am Nov 10, 2015 2:03am
Quoting trader2077
Hi, is FXpro leverage still 1:500 max? Are you guys accept Paypal as a deposit method?
If you register via the Cyprus regulation you can use paypal, via the UK regulation you can't.

Yes, max leverage is 1:500...
Buy at the Low, Sell at the High You make money by waiting not by trading.
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