Has anyone traded with FxPro Nigeria? What was your experience like?

I'm about to start trading with FxPro in Nigeria and I am curious to know if anyone here has been trading with them. Please share your experience. Thanks

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@karbin - 1 year ago

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.

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@lawanf - 1 year ago

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.

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@amosglad01 - 1 year ago

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.

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@segun_33 - 9 months ago

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.

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@sandy20 - 7 months ago

FxPro deposit and withdrawal process is so smooth, that is what I like about them. I hear they have added TradingView to their platforms now which is great.

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@kehinde - 5 months ago

The only negative about FxPro is the spread, if not, they are the ideal broker for any beginner. If you want to learn trading and you dont mind paying high spread, then fxpro is it.

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@segun_33 - 3 months ago

Very advanced trading software, and mobile apps. I was impressed by their cTrader and TradingView integration. They also have this great partnership with trading central and they integrate the signals directly into cTrader. Their withdrawals have no minimum limit, simply an amazing broker if you can afford the spreads from 1.4 pips

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