FbrokerPro
Pros and Cons
Pros
- Diverse range of trading instruments including forex, commodities, and cryptocurrencies
- Access to MetaTrader 4 and MetaTrader 5 platforms
- Multiple account types catering to different trader needs
- Responsive customer support via email, phone, and live chat
- Competitive trading fees with tight spreads on major forex pairs
Cons
- Not regulated by any financial authority
- Limited transparency regarding trading conditions
- No demo account available for practice
- Potential withdrawal fees not clearly defined
- High spreads on trading instruments
Basic Information
User Reviews
FbrokerPro Overview
FbrokerPro is a forex broker based in Macedonia, operating for a period of 2-5 years. The full company name is FbrokerPro, and it is registered under the code 3402465322. As it currently stands, FbrokerPro is not regulated by any financial authorities, which raises concerns regarding its operational legitimacy and trustworthiness in the forex trading environment.
The broker offers a diverse range of trading instruments, including forex pairs, commodities, and indices. Traders can access established trading platforms such as MetaTrader 4 and MetaTrader 5, which provide essential tools and features for effective trading. Customer support is available through various channels, including email and phone, allowing for responsive assistance. However, the lack of regulation and transparency regarding trading conditions may pose risks for potential traders considering FbrokerPro as their forex trading partner.
Is FbrokerPro Safe? Regulation Analysis
Regulatory Information
FbrokerPro is not regulated by any recognized financial authority. This lack of regulation raises concerns regarding the broker’s operational legitimacy and the safety of client funds. Trading with an unregulated broker like FbrokerPro may expose investors to higher risks, including potential fraud and a lack of investor protection mechanisms.
Is FbrokerPro Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does FbrokerPro offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | |
| Commodities | Gold, Oil | |
| Indices | S&P 500, NASDAQ | |
| Stocks | US, UK | |
| Cryptocurrencies | BTC, ETH |
FbrokerPro offers a diverse range of trading instruments that cater to various trading styles and strategies. With access to forex pairs, commodities, indices, stocks, and cryptocurrencies, traders can effectively navigate different markets. This variety allows both beginners and experienced traders to explore multiple strategies, from short-term trades to long-term investments. The inclusion of various asset categories not only promotes portfolio diversification but also enhances the adaptability of trading approaches, making it suitable for a wide range of trading preferences.
Account Types and Trading Conditions
What Account Types and Fees Does FbrokerPro Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Access to a variety of trading instruments | Suitable for low-risk trading |
| Professional Account | Experienced traders | Lower spreads and higher leverage | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services and support | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Compliance with Islamic finance principles | Available upon request |
| Demo Account | All traders | Practice trading without risk | Ideal for testing strategies |
Account Opening Process
To open an account with FbrokerPro, traders need to follow several steps. Initially, they will submit personal information, including identification and proof of address for identity verification. Employment and financial information may also be required to assess suitability for trading. Once the basic information is submitted and verified, traders can start with a Retail Account and have the option to upgrade to a Professional Account later, depending on their trading activity and experience.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.8 | $0 | Tight spreads for majors |
| Forex (Minor Pairs) | 1.2 | $0 | Standard spreads |
| CFDs (Stocks) | 1.0 | $0 | Variable depending on the stock |
| CFDs (Indices) | 1.5 | $0 | Typical spreads for indices |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
FbrokerPro may impose various fees related to trading activities. These include potential deposit and withdrawal fees, which should be clarified during the funding process. Inactivity fees may apply if there is no trading activity over a specified period. While there may be no platform usage fees, overnight interest (swap rates) could be charged depending on the positions held overnight. Additionally, currency conversion fees might apply when trading in currencies different from the account currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does FbrokerPro Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, technical indicators | Demo account, VPS |
| MetaTrader 5 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, technical indicators | Demo account, VPS |
| Web Version | Windows, macOS | 2FA, symbol lookup, one-click trading | Demo account |
| Mobile App | iOS, Android | 2FA, price alerts, push notifications | Demo account |
FbrokerPro supports a variety of trading platforms to cater to different trader preferences. MetaTrader 4 and MetaTrader 5 are robust platforms suitable for various trading strategies, offering advanced features such as technical indicators and multiple order types. The web version allows for convenient access without installation, while the mobile app enables traders to manage accounts and receive alerts on the go. Each platform is designed to ensure secure logins and efficient order execution, enhancing the trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 100, Max 10,000 | EUR, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5,000 | EUR, USD |
| e-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min 20, Max 20,000 | EUR, USD |
| Cryptocurrency | Instant | No platform fee | Min 50, Max 10,000 | BTC, ETH |
Minimum Deposit
FbrokerPro requires a minimum deposit of 50, which may vary based on the payment method selected. Different account types may also have specific deposit requirements, so traders should check their account specifications for any variations.
How to Withdraw
To withdraw funds from your FbrokerPro account, follow these steps: 1. Log in to your FbrokerPro account. 2. Navigate to the ‘Withdrawal’ section of the platform. 3. Select your preferred withdrawal method. 4. Enter the amount you wish to withdraw, ensuring it meets the limits outlined. 5. Confirm your withdrawal request. 6. Await processing, which will take the specified time based on your chosen method.
Customer Support
FbrokerPro Customer Support Overview
Support Channels
FbrokerPro provides several contact methods for customer support, ensuring traders have access to assistance when needed. The main channels include:
- Email: Clients can reach the support team via email at info@fbrokerpro.com for inquiries and support requests.
- Telephone: Telephone support is available at +389 793 29 981, offering direct communication for urgent matters.
- Live Chat: Available on the broker’s website, live chat enables immediate assistance from qualified representatives during business hours.
- Social Media: FbrokerPro is active on various social media platforms, monitoring for customer inquiries and providing an additional way to connect.
Service Availability
The customer service team operates Monday to Friday, providing support during business hours. While specific support hours are not detailed, traders can expect timely responses through available channels. Multilingual support is also offered, though the specific languages supported are not listed.
Frequently Asked Questions
No, FbrokerPro is not regulated by any recognized financial authority. This lack of regulation raises concerns regarding the broker’s operational legitimacy and the safety of client funds.
FbrokerPro offers a diverse range of trading instruments, including forex pairs, commodities such as gold and oil, indices like S&P 500 and NASDAQ, as well as stocks and cryptocurrencies like Bitcoin and Ethereum.
You can contact FbrokerPro’s customer support through several channels: via email at info@fbrokerpro.com, by telephone at +389 793 29 981, through live chat on their website, or via social media platforms.
FbrokerPro offers several account types including Retail Accounts for beginners, Professional Accounts for experienced traders, Corporate Accounts for corporate clients, Islamic Accounts for swap-free trading, and Demo Accounts for practice without risk.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.