Forex Blog

NorthFinance and WestCapFX recently stopped accepting new Forex trader registrations and are now officially redirecting new members to a very new but employing an aggressive marketing strategy Forex broker — FxPro. It looks like the company behind NorthFinance and WestCapFX decided that it would be better to consolidate their business and offer one «universally good» broker rather than two different decisions for two kinds of Forex traders. Personally I think that FxPro is quite interesting broker, but it still looks too new and untested for me, thus I can’t yet recommend it to every other trader. As for NorthFinance and WestCapFX — I had to remove them from my broker list, since they are no longer registering new traders.

FxPro is a relatively new MetaTrader Forex and CFD broker, which I’ve found out recently. I’ve seen the ad for this broker on some cable channel and decided to check it out on-line. Not many Forex brokers advertise on TV nowadays, so I was kind of interested. What I really didn’t like a lot about FxPro was their website — speaking flash marketers isn’t something I expected from the good user-friendly website. Some of the site’s links didn’t work for me (FireFox 2.0.0.12) as well. They also have some funny preproduction artifact in the Trading Terms section:

FxPro has no minimum or maximum restrictions for deposits or withdrawals
NOTE: Query the above information with earlier reference US$ 100 Minimum

The broker itself is rather interesting — it offers 1.8 pips spread on EUR/USD. That’s a record for the fixed/non-ECN spread for real MetaTrader 4 accounts as far as I know. FxPro also accepts PayPal payments, which is quite rare for the MT4 brokers. It’s also registered on Cyprus and is regulated by their SEC. The minimum account for this broker starts with $100.