May-23-2012Brokers:Swissquote launches Swiss DOTS - a derivatives trading system
May-24-2012Software:Markets.com launches Sirix - Leverate's new social trading platform
May-01-2012Signals:xForex provides traders with free forex signals
May-24-2012Market:China to Pump in 66 Bln Yuan in Public Housing

FXCM slipped me well past the news spike

I have been trading around 2 years and have only been with FXCM.
I do have some complaints and some praise for this firm.

Firstly, I tried spike trading and the first few trades were very profitable and then the slippage was just to much to risk.

I would be slipped well past the spike and lose money, I spoke to FXCM and they said they had no control over this it was their liquidity providers. I cant comment on that because I do not know?

Anyway I stopped spike trading and started using afterspike retracement. i recently took a trade and my TP stop was reached and trade was not closed my profit target was 1000 and the trade actually reached 6000 plus profit howeve i tried to close the trade manually at least 20 times to no avail, the trade dropped to a 700 loss and I was then allowed to close.

I contacted FCM with regard to this, and they did an internal investigation and agreed with me and paid me the loss plus the 1000 ptp target profit.

I really have no idea if brokers slip or liqidity providers.

Whenever i have withdrawn funds from FXCM the have arrived promply. I feel we all have a gripe but not sure who it is with.