FXPRO Withdrawal? Anyone withdraw profits?

[maxtail]

Hello,
Has anyone withdrawn profits easily from FXPRO.

Please only someone response who has a live account, and has deposited money with FXPRO, and withdrawn Original Deposit Amount and profits from FXPRO..

Since how long you have account with them? How usually you used to withdraw.. Was withdrawal fast.. or ages..?

P.S. I will ignore reply from someone who just now made a user account in this forum and is replying this 🙂.. (We do not want reps of FXPRO to reply this please.)

Please lets be real. Thanks Alot.

 

[pboyles]

Hello,
Has anyone withdrawn profits easily from FXPRO.

Please only someone response who has a live account, and has deposited money with FXPRO, and withdrawn Original Deposit Amount and profits from FXPRO..

Since how long you have account with them? How usually you used to withdraw.. Was withdrawal fast.. or ages..?

P.S. I will ignore reply from someone who just now made a user account in this forum and is replying this 🙂.. (We do not want reps of FXPRO to reply this please.)

Please lets be real. Thanks Alot.

When you deposit your money it becomes their money. They will do all they can to avoid giving it back.

 

[samirs]

Hello,
Has anyone withdrawn profits easily from FXPRO.

Please only someone response who has a live account, and has deposited money with FXPRO, and withdrawn Original Deposit Amount and profits from FXPRO..

Since how long you have account with them? How usually you used to withdraw.. Was withdrawal fast.. or ages..?

P.S. I will ignore reply from someone who just now made a user account in this forum and is replying this 🙂.. (We do not want reps of FXPRO to reply this please.)

Please lets be real. Thanks Alot.

Can you please let us know why you are asking this question? is your money stuck with them or are you about to start with them

 

[maxtail]

Samirs,
Are you trading live with them ?

If you are not, i will ignore your reply.. As i need a response from someone who has an account, and has withdrawn profits..

Pboyles,

It cant be money of any legit broker, if they are regulated, Only in the case, a trader does not knows how to trade, and it becomes money of the Market !

 

[maxtail]

When you deposit your money it becomes their money. They will do all they can to avoid giving it back.

Do you have trading account with them
Please share your experience..
Have you withdrawn the profits?

 

[pboyles]

Samirs,
Are you trading live with them ?

If you are not, i will ignore your reply.. As i need a response from someone who has an account, and has withdrawn profits..

Pboyles,

It cant be money of any legit broker, if they are regulated, Only in the case, a trader does not knows how to trade, and it becomes money of the Market !

You're not trading in a market they are taking the other side of your trades, when you lose they get the money. That is why it is always in their interests for you to keep losing. Of course some brokers will help you to lose faster by giving you slippage and so on (google FXCM fine or Gain Capital fine).

Regarding withdrawals they will attempt to hold out for a while in the hope you lose a bit more.

As regards regulation they are in Cyprus. Can you think why?

 

[maxtail]

You're not trading in a market they are taking the other side of your trades, when you lose they get the money. That is why it is always in their interests for you to keep losing. Of course some brokers will help you to lose faster by giving you slippage and so on (google FXCM fine or Gain Capital fine).

Regarding withdrawals they will attempt to hold out for a while in the hope you lose a bit more.

As regards regulation they are in Cyprus. Can you think why?

Well yes FXCM and Gain Capital, are in my ignore List..

But do you have an account with FXpro, did you trade with them and withdrawn ?

 

[pboyles]

Well yes FXCM and Gain Capital, are in my ignore List..

But do you have an account with FXpro, did you trade with them and withdrawn ?

I wouldnt touch any broker in Cyprus or any broker that uses MT4. In fact I wouldn't touch any retail forex broker.

 

[maxtail]

I wouldnt touch any broker in Cyprus or any broker that uses MT4. In fact I wouldn't touch any retail forex broker.

Which broker do you suggest than?

 

[pboyles]

Which broker do you suggest than?

Actually I recommend you forget about trading, it's highly likely you'll lose money for years. It's not what you've been led to believe.

 

[maxtail]

Actually I recommend you forget about trading, it's highly likely you'll lose money for years. It's not what you've been led to believe.

You are going off topic.

 

[redtag12]

Good morning,i do not trade with fxpro so i cannot ans your original question.However like you i think that for newbies and to avoid costly mistakes and grief no end of(been there) i,m wondering if pboyles would point u all in the right direction.He doe not use retail brokers and to be frank from what ive read on different forums maybe he is right.All i can say is use a true ECN broker maybe wih level 2. Now try to find one that is actually a ECN broker most are retail and lie about being true ECN brokers.Do NOT use spread betting companies and or Market Makers you are not dealing with the true market place.I hope that pboyles will at least point us all in the right direction if not an actual broker.Mike

 

[pboyles]

Good morning,i do not trade with fxpro so i cannot ans your original question.However like you i think that for newbies and to avoid costly mistakes and grief no end of(been there) i,m wondering if pboyles would point u all in the right direction.He doe not use retail brokers and to be frank from what ive read on different forums maybe he is right.All i can say is use a true ECN broker maybe wih level 2. Now try to find one that is actually a ECN broker most are retail and lie about being true ECN brokers.Do NOT use spread betting companies and or Market Makers you are not dealing with the true market place.I hope that pboyles will at least point us all in the right direction if not an actual broker.Mike

Avoid forex and spread betting for a start, go with a regulated futures broker. Having said that they are not 100% safe either just look at MF Global. Personally I'd advise you forget about trading, its just not worth it.

 

[cfxsignals]

I thought FXpro are FSA regulated as well. Although that means little considering that DCM went busto a few months ago.

 

[random12345]

Good morning,i do not trade with fxpro so i cannot ans your original question.However like you i think that for newbies and to avoid costly mistakes and grief no end of(been there) i,m wondering if pboyles would point u all in the right direction.He doe not use retail brokers and to be frank from what ive read on different forums maybe he is right.All i can say is use a true ECN broker maybe wih level 2. Now try to find one that is actually a ECN broker most are retail and lie about being true ECN brokers.Do NOT use spread betting companies and or Market Makers you are not dealing with the true market place.I hope that pboyles will at least point us all in the right direction if not an actual broker.Mike

Not to send this topic spiralling even more off topic with another rant...

The same methods that I use on spread betters also work on Interactive Brokers, except I don't pay 52% tax & National Insurance effective on the former. My conclusion therefore, if you lose on spread betters, you'll also lose to the open market (except perhaps on futures with commission rather than a spread if you're a 10% edge type) but then at least you're contributing to the true 'zero sum game' eh, so your money goes to some sod in Barclays rather than to a spread betting company. Would people be happier with that situation?

Of course losing one's head while using a spread better and blowing up your account, will cause the masses to google "SPREAD BETTER CHEATS FRAUD LIARS" - and at this point they'll realise their losses weren't down to them and they can then happily join that blameless bandwagon with a few hundred trades of experience (i.e. none) and a few sh*t books under their belt.

Can you please, for me, if noone else, explain what happened when you used a SB that caused you to directly lose money that you wouldn't have lost using IB or whoever? Preferably with charts referencing slippages and spikes and lag that didn't occur on the DMA broker, but did on SB and how it was you lost money on these that made making a profit impossible (i.e. the slippage needs to be large and commonplace).

I BET £300 A POINT DAY IN DAY OUT AND THEY KEEP NOT CHEATING ME OUT OF MY MONEY AND IT'S BOTHERING ME. THEY DO KEEP MAKING ME SEND THEM A JPG OF MY BANK STATEMENT EVERY TIME I WITHDRAW FOR SOME FRAUD >5K REASONING, THAT'S A BIT ANNOYING, I'LL ADMIT.

Ahem, I will pay you twenty English pounds for this service, sir.

Sorry for ruining this thread even more.

 

[pboyles]

There is some truth in what you're saying. However up until recently there were plenty of people that would have said if you lose money don't blame the broker, a bad workman blamed his tools etc etc. More recently this view is not repeated so often, primarily because several broker have been caught doing exactly what was alleged all along ie scamming people on slippage and margin calls. So whilst some people are to blame for their losses plenty of others have been scammed by forex and SB brokers. The proof is out there.

 

[random12345]

There is some truth in what you're saying. However up until recently there were plenty of people that would have said if you lose money don't blame the broker, a bad workman blamed his tools etc etc. More recently this view is not repeated so often, primarily because several broker have been caught doing exactly what was alleged all along ie scamming people on slippage and margin calls. So whilst some people are to blame for their losses plenty of others have been scammed by forex and SB brokers. The proof is out there.

Some being to blame is a bit kind. The game is fixed enough against most people on forex and SB simply by having a spread wider than the market spread, it doesn't need fixing any more than that for the majority or myself a few years back.

Having said that, I'd be very interested in reading the associated literature about direct slippage scams that don't appear in other end user historical data feeds, is there any regarding the bigger players?

 

[pboyles]

.

Having said that, I'd be very interested in reading the associated literature about direct slippage scams that don't appear in other end user historical data feeds, is there any regarding the bigger players?

Yes there is. I'm not at my pc now so I can't find the links. FXCM were fined by the NFA and the CFTC for asymmetrical slippage which caused a loss to clients. Gain Capital (forex.com) were similarly fined as was another outfit called IKON.

More recently FXDD have been charged by the NFA. Personally I think they're all at it, they just haven't all been caught, yet.

Case Summary

 

[random12345]

Yes there is. I'm not at my pc now so I can't find the links. FXCM were fined by the NFA and the CFTC for asymmetrical slippage which caused a loss to clients. Gain Capital (forex.com) were similarly fined as was another outfit called IKON.

More recently FXDD have been charged by the NFA. Personally I think they're all at it, they just haven't all been caught, yet.

Case Summary

I agree this proves that they get up to 'no good' as an industry, which of course occurs in all industries since the recording of the division of labour.

However... I'm gonna go ahead and say it... how does asymmetrical slippage actually block someone with a winning methodology in the long run (sample size > 1,000 trades)? How often does the market move more than 2 pips against you while waiting for a fill in percentage terms? It's only ever happened to me when I've foolishly been chasing explosive PA. I know it's like giving someone a pass to screw me without fear of prosecution, but asymmetrical slippage would have near zero effect on my bottom line. Any method that would be made unprofitable by this practice was a bad one to start with non? Anyone who thinks they lose due to asymmetrical slippage should show us all how it's done on an instant execution SB'er then surely? 😉

I agree they deserve prosecution and even expulsion for it, as it's an underhanded practice that adds to their profit, and cheating. However, it does not a loser make. The loser was already made.

 

[pboyles]

Asymmetrical slippage would have an effect on you bottom line, how couldn't it. The question is whether it makes a big enough difference to matter to you. If you trade 50 times a week and each time they slip you two pips that could make a massive difference to most people. If you trade twice a month and hold the trade for two weeks it will make less of a difference. However they're still stealing money from you no matter what way you look at it. It's like saying a vandal only broke a small window in your house and it didn't cost much to fix.