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FXCM Metatrader 4 introduces major slippage, go for TS

Not for MT4 that is certain

These guys really know their stuff, they are professional courteous and go out of their way to help which is why I give them three stars since that side of things is fantastic.

Now, on to the trading platform, if you are using MT4 this broker is not for you! They have their own FXCM platform for performing manual trading but the MT4 is through a third party called Boston Technologies and it is horrible.

During the demo everything looks fine and my trades were substantially profitable. However, once you go live the actual hops involved go back and forth between Boston Technology and FXCM servers which introduces major slippage, delays, odd errors ( what is an off quote?) and just overall horrible performance.

Several pending order trades along with sls and tps were executed in areas now where near the price level they should have or so it appeared on MT4. The whole experience is just totally chaotic once you go from demo to live.

Their FXCM platform might be great but I mix ea and manual trades and most eas will be killed by slippage and overall bizarreness on their MT4 platform.

Sam, FPA 2009-11-25

FXCM Forex Capital Markets review

FXCM Review: Real FXCM UK spread on MT4 forex trading account

Headquarters:
Financial Square 32 Old Slip, New York, NY 10005.

Country: United States

Regulated by:
USA: CFTC, NFA # 0308179
Canada : PartyID # 182963
Hong Kong: SFC CE # AIM232
Great Britain: FSA # 217689

Branches:
FXCM UK
FXCM Australia
FXCM Japan
FXCM Asia (Hong Kong)

Trader's rate 3.6
Editor's rate 4.5

FXCM Micro Account:

minimum deposit: $25

minimum lot size: 1k (micro lot)

maximum leverage: 1:400

 

FXCM Standard Account (10k):

minimum deposit: $2000

minimum lot size: 10k

maximum leverage: 1:200 

 

FXCM Dealing models:

STP (NDD) on Metatrader, FXCM Trading Station

ECN on Active Trader platform

 

FXCM Spread:

Variable spread, from 0.7 pip on EUR/USD 

 

FXCM Deposit/Withdrawal methods

Bank Wire, Credit card,  Paper Cheque 

 

FXCM Trading Platforms:

FXCM Trading Station, Metatrader, Active Trader (Currenex), Mirror Trader

 

Extra Services:

Signals from Zulutrade and Tradency

 

Website: FXCM.co.uk



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