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FXCM widens spread during Asian session

No Dealing Desk?? sometimes possibly. Have had an account for a few years with FXCM. last six months have traded Asian session a couple times and after entering the market watched the spread to go up to 10 or more on the GBP/USD. Recently, had a spread of 8 but was in 10 pips of profit (standard account) set a stop at break even and stepped away for about 2 min. came back and was closed out @ -15 pips. MY charts showed no more then 1 pip movement (dialed it down to a 1 min chart). Their excuse was that the stop order was hit and the order slipped 15 pips due to low liquidity at that time of day. (11:00PM ET) Again... No Dealing Desk? mmmmmm.

ForexXPP, goforex.net 2009-08-01

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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