I use FXCM everyday and make a living on my PROFITS I get from using their trading station. I have never had a hanging order or problematic errors with the platform. I don't email them for issues when I can call them almost everday of the week and speak to a real person. Better yet, I can chat with them very promptly given certain market hours and you can even request that particular person to call you immediately. I trade millions of dollars in notational volume every month and still, no problems.
I can tell most these people their problems.. If your scalping, your wasting your time and your going to lose. If your trading the news, prices gap and you can't get in on the pairs as it happens and it's a terrible idea anyway. If your trading with a micro account, you obviously shouldn't be trading forex anyway... Is a few dollars really worth your time or even a brokers? Forex is not a hobby and isn't for the weak minded.
Given my experience with FXCM, I find them to be exceptional. Their spreads are generally low(given at least a standard account). All my orders are executed almost instantly. Customer service good, but can improve. Love their mobile platform. Best of all, THEY PAY! Everytime. I request funds and the transaction is completed usually less than a day.
I highly recommend new traders stay away from forex and try the equities market first. I give FXCM 4 stars because they can improve like everyone. These allegations are bogus and this is where you'll find those 95% you hear about. If anyone would of had a problem with FXCM, it would have been me, considering the amount of trading I've done with them.
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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