I've been using FXCM Trading Station platform for several months now. I have been overall pleased with the service and delighted with the spreads. For the times I trade, spread on eurusd is never more than 1.8 pips.
Only had one instance where the server went down and was unable to trade for several hours. I was surprised that they weren't back up and running in a few minutes. My understanding is that they were willing to work with people that had open positions at the time.
I was concerned after that, but figured they would probably work pretty hard to make sure that didn't happen twice so I'm still with them. Plus, spreads on the Trading Station are half or less than I was getting from some other good brokers on MT4.
I do most of my charting on various brokers demo MT4 platforms and then enter my trades on the T.S.
I wanted to write this review because I've been with several brokers and have never had the kinds of problems I see people writing about here. If you pick a large, reputable broker, ask some experienced traders who they trust with their money, and make sure you understand the details of the agreement you are getting into - it seems like you stand a good chance of finding a good broker.
I see the term "bucket shop" thrown around in a lot of reviews. Really? Someone wins a few trades, then loses a few and all the sudden the broker is hunting their stops. They are suddenly targeting you? Legitimate brokers don't have to target anyone, especially small fry like most of us. They make money on the spread and they look at the same charts we do. They know what most of us are thinking when we look at those charts and they respond accordingly. If your broker is taking the other side of the trade, you should know that when you sign up and plan your trades accordingly. Making money at forex is hard work. It's a zero sum game and if you can't man-up and accept responsibility for yourself you'll never make it trading.
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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