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FX-PRO Forex Broker Review

by forex on April 17, 2009

About FX-PRO Forex Broker

fx-proFX-PRO forex broker is a Jordan-based, unregulated company, whose motto is “it’s your turn to deal”. They offer online customer support, albeit it is not a 24-hour service, and all of their department numbers are clearly listed on the company website, which is good as they pride themselves for being transparent in trading.

Their spreads are wider than others (3 pips). FX-PRO is also one of the few forex companies that put commissions on trade. They also offer spot and futures contracts, a good deal for those who want to get invest in an industry before everyone else. Commodities, precious metal trades and energy are available for trading as well. According to FX-PRO, they have a no slippage policy.

Basic Broker Details

Site http://www.fx-pro.com/
Country of Origin Jordan
Accepted Deposit Modes Bank wire, credit card
Withdrawal Method Bank wire
Leverage 1:100- 1:200
Regulation Body None
Spread 3 pips (EURO or USD)
Minimum Account Requirement $1,000

Pros of FX-PRO Forex Broker

*MetaTrader 4 accepted

*No Swaps

*Claims segregation of funds (not stated which bank or country funds are stored)

Cons of FX-PRO Forex Broker

*Trading commissions

*Customer calls are not easily resolved over phone

*Discrepancy in account balancing

*Wider spreads

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