I've been trading a micro account with FXCM for nearly a year and they are the only broker I have ever used.
Service is better when the market is quiet, however, when volume heats up I notice a number of different issues including slippage and slow execution. I don't know if they are hunting for my stops, but I hardly doubt they would care about my 10K positions.
My biggest concern is the outages and the slow loading of the charts at times. Customer service is good and friendly. I'm looking into a few other brokers now thanks to the information gained on this site.
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)
3.6
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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