June 14, 2017

FxPro, Do you know What is Black Wednesday? and How to prepare for such an Event?

Reasons to choose FXPro as your broker.

Black Wednesday – Slang term for September 16, 1992, when George Soros broke the Bank of England, earning himself over $1 billion while causing the British government to withdraw the pound from the European Exchange Rate Mechanism.

As the event caused a great impact to financial markets, it is also referred as “Pond Crisis” or “White Wednesday” in different countries.

The event like this or the most recent reference for you would be the “Swiss Shock”, can influence more than you expected.

It can shut-down a Bank or financial companies, cause huge loss to investors or some markets could be even not functional to be traded on.

So how do you prepare for such an event?

You can do:

  • Not invest at all
  • Hedge your positions
  • Place insurance on your funds

But, one thing you can already do today is:

Choose the Broker with Financial Stability & Trustworthy Business

So the broker can hold still through any financial crisis and process investors’ trades without any interruptions or manipulations.

For this topic, FXPro can be deemed as a preferable broker.

FXPro has:

  1. Over 10 years of experience
  2. Over 150 employees all over the world
  3. Over 540,000 live trading account to take care of
  4. No major complains or troubles with traders at all
  5. Fair STP/ECN trading execution for all trading platforms

As a Mega European FX Broker, they have earned “Trust” from over a half million traders with excellent service history.

You haven’t checked FXPro’s service yet? Find out more today from below!

See more FxPro

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4.7 rating based on 65 ratings
4.7/5 65
* CFD Service. Your capital is at risk.

FxPro is an award-winning online foreign exchange Forex broker and offers multiple trading platforms. About 1 million trading accounts for investors from 173 countries worldwide.

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  1. FxPro’s desktop trading platform is awesome! Literally the most comfortable platform imho!

  2. I believe FxPro is popular with traders for a reason! For me, FxPro is associated with quality and variety of services. Look at number of financial markets and financial instruments available to traders! I can’t count them all… 🤪
    – forex
    – metals
    – stocks
    – indices
    – even cryptocurrencies are available for trading!
    Most important thing is that trading conditions for each instrument are what you expect to see. I mean tight spreads and balanced leverage.

  3. Algo trading is a growing trend in the forex industry. The possibility to deploy trading robots that will be active all the time during market hours sounds very attractive from trading potential.

    Fxpro also reviews auto trading as an ambitious aspect of forex market and provides very interesting options:
    a) Two different platforms for auto trading:
    – MT based, MT4 or MT5;
    – cTrader;
    b) These platforms offer you to choose tons of the existing trading bots. These bots were created by the algo trading community on various trading strategies.
    c) Traders can create their own robots to automate the strategy. It can be done in many ways:
    1. By MQL. It’s a meta trader’s built-in programming language for creating advisors, testing strategies etc.
    2. By cAlgo Algorithmic Trading. This is an analogue of MQL from cTrader’s side.
    I think I prefer MT for algo trading, it’s simple and more important the community of MT platforms is wider than cTrader. There are a bigger variety of bots available to MT users.

  4. I like that this broker is constantly improving its services. It’s very important for a good company. Very good and informative new website, modern mobile application, fast and easy withdrawals.

  5. FxPro is very convenient for traders who are always looking for new ideas! Each service has several options, and customers can choose suitable conditions. This is great!

  6. There is no 100% perfect brokers in any case. FxPro is one of the most reliable between a lot of scams on this market.
    Pros: Good choice of currency pairs & CFDs, solid customer support, quite tight spread, good for algorithmic trading, fast deposit and withdrawal and fast execution speeds.
    Con : complicated verification process.

  7. i cant believe that i made such strange mistakes in the past, being scammed by fake forex companies. luckily now i got even better than i expected – fxpro. amount of tools, instruments, charts and customizable options won’t leave you cold. this broker is the right choice.

  8. So it’s time to share my experience. I started to trade micro lots about a year ago. It’s very handy if you’re a newbie and need to grasp the idea of trading. FxPro allows you to fund one hundred bucks and it’s more than ok to start with. When i first time transfered money on my account it was about couple days what made me a little nervous. But next day i spoke to support manager and we figured out it was bank’s delay, so read your bank’s conditions in advance to choose right payment method

  9. Quality services and trading conditions that allow you to trade comfortably. This is what you expect from time-tested broker. I recommend it to everyone!

  10. I’ve been trading with fxpro for more than a year and haven’t faced any problems with execution or withdrawals. Conditions are quite good, but nothing outstanding. But the platforms is very fast and convenient. Client support is also works very good. Imho, this broker without significant deficiencies. Completely satisfies my needs.

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