Has anyone traded with FxPro Nigeria? What was your experience like?
I've not traded with FxPro, but they are a tier-1 licensed forex broker, so they are safe to trade with. Any broker that is licensed with multiple tier-1 regulator can be considered low risk. Note that there is no broker without risks, that's why I said low risk.
The downside is their typical spreads. It is higher than other CFD brokers. For example, with their MT4 account the average EURUSD spread is 1.46 pips as per their website (which I just checked from their website, screenshot).
But still, if spreads are not a major decision breaker for you, then I would say they are an okay broker.
But before making decision on a broker, I advice you to first understand the risks of leveraged forex trading if you are new. Don't risk any money that you cannot afford to lose.
I've not traded with FxPro, but they are a tier-1 licensed forex broker, so they are safe to trade with. Any broker that is licensed with multiple tier-1 regulator can be considered low risk. Note that there is no broker without risks, that's why I said low risk.
The downside is their typical spreads. It is higher than other CFD brokers. For example, with their MT4 account the average EURUSD spread is 1.46 pips as per their website (which I just checked from their website, screenshot).
But still, if spreads are not a major decision breaker for you, then I would say they are an okay broker.
But before making decision on a broker, I advice you to first understand the risks of leveraged forex trading if you are new. Don't risk any money that you cannot afford to lose.
Good Evening Vicky,
I trade with FxPro Nigeria at the moment and i think they are good for beginners. FxPro minimum deposit has been lowered to N5,000 but this is a promo and I don't know how long it will last.
You should only deposit your spare funds and don't expect too much.
FxPro is a good forex broker and their customer support is good while their spreads are a bit high that should not be a problem since you are a beginner who should be more focused on learning not earning.
I have also traded with FxPro in Nigeria and they are okay. The main thing i like about FxPro is that they are very transparent and they don't cheat (that's my own opinion).
Its better to trade with a transparent broker that offers higher spread than to trade with a shady broker that offers low spread.
Why? In the end the shady broker will still cheat you out of the trade and make sure you lose.
Great experience but the leverage on Standard Account is too low bro; its 1:500
I trade with FxPro South Africa and they have good customer support & very fast funding methods but their spreads are on the high side.
I still maintain an account with them but i only use that account to trade once in a blue moon just to keep it from going dormant.
I currently trade with FxPro and they are very transparent in the way they do things plus their trading platforms rarely have lag or downtime. They also have a very low minimum deposit. Their fees are on the high side as seen with spread which starts from 1.4 pips and once the market is very volatile the spreads can climb higher depending on the pair youre trading.