Note: FbrokerPro official site - https://fbrokerpro.com/ is currently on sale and not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is FbrokerPro？
FbrokerPro presents a spectrum of financial instruments spanning Forex, Metals, and Indices. However, concerns arise due to the absence of regulatory oversight and a dormant website.
In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. At the end of the article, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.
Pros & Cons
Pros:
Tiered accounts provide flexibility for various trading styles and experience levels, enhancing accessibility and customization options.
Cons:
FbrokerPro's lack of regulation poses risks to traders' investments. Additionally, the website's unavailability, invalid MetaTrader platform links, and lack of trading condition transparency hinder traders' effectiveness and trust in the platform.
Is FbrokerPro Legit or a Scam？
When considering the safety of a brokerage like FbrokerPro or any other platform, it's important to conduct thorough research and consider various factors.
User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the broker's operations.
Security measures: So far we cannot find any security measures of this broker.
In the end, choosing whether or not to engage in trading with FbrokerPro is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments
FbrokerPro boasts an extensive array of market instruments designed to meet the diverse requirements of traders.
Within its offerings, traders can access a broad spectrum of financial assets, ranging from Forex pairs representing major, minor, and exotic currencies, to Metals such as gold, silver, and platinum. This comprehensive selection empowers traders to delve into both traditional and alternative asset classes, satisfying varying risk appetites and investment strategies.
Furthermore, FbrokerPro expands its repertoire to include Indices, granting traders entry into global equity markets without necessitating direct stock ownership.
Account Types
FbrokerPro offers traders a variety of account types tailored to different trading preferences and needs. These include the Fixed Account, which features a fixed spread, providing clarity and stability in trading costs.
Additionally, traders can opt for the ECN Account, which offers access to Electronic Communication Network (ECN) execution, facilitating direct access to liquidity providers and tighter spreads.
For traders who require compliance with Islamic principles, FbrokerPro provides the Swap Free Account, also known as the Islamic Account, which eliminates overnight swap charges to accommodate Shariah law requirements.
Despite the availability of these distinct account types, there is a notable absence of detailed information regarding trading conditions associated with each type, raising transparency concerns for traders.
Leverage
Regarding leverage, FbrokerPro uniformly offers a maximum leverage of 1:200 across all account types. This leverage allows traders to amplify their positions and potentially magnify their returns, but it also entails increased risk exposure.
Trading Platofrms
Fbrokerpro advertises access to two esteemed trading platforms, MetaTrader 4 and MetaTrader 5, which are widely recognized and utilized by traders and brokers globally.
However, upon closer inspection, it becomes apparent that the provided link redirects users to the MetaQuotes website, the developer of these platforms. Disappointingly, instead of granting access to fully functional trading software, Fbrokerpro merely offers demo versions intended for showcasing the capabilities of MetaTrader 4 and MetaTrader 5. These demo versions lack the functionality required for executing live trades, highlighting a significant discrepancy between the broker's claims and the actual offerings.
Deposit & Withdrawal
FBrokerPro asserts its acceptance of deposits through a range of payment methods, including credit cards, bank transfers, and e-wallet payment systems. However, the broker does not provide specific details regarding which credit cards, bank transfer options, or e-wallets are supported. This lack of transparency regarding accepted payment methods leaves clients uncertain about the convenience and accessibility of depositing funds into their trading accounts.
Customer Service
FBrokerPro offers diverse customer service channels including email, phone support, a physical address for mail correspondence, and active engagement on social media platforms such as Instagram, Twitter and Facebook.
Clients can utilize email for detailed inquiries, phone support for immediate assistance, and traditional mail for correspondence. The broker's presence on social media provides another avenue for clients to connect and receive updates.
Email: info@fbrokerpro.com.
Tel: +38979329981.
Address: MK, Luj Paster 1000, Skopje 1000, North Macedonia.
Conclusion
In essence, FbrokerPro provides a broad spectrum of online trading services encompassing Forex, Metals, and Indices, aiming at a global audience. Yet, the absence of regulatory supervision and ongoing website accessibility issues cast doubt on its reliability.
Given these concerns, we advise you exploring alternative brokers prioritizing transparency, regulatory compliance, and consistent customer service to ensure a trustworthy trading experience.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
2023-03-02 16:41
