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I opened an fxcm micro account and I made good money for nine consecutive days. I then decided to trade on busy Friday after release of jobs data.
Big Mistake! My trades were locked consistently at large losses. They finally closed me out with a huge loss of $1400 when a margin call was issued although there was still money in the account. The pound traded down to 166.50 for about 4 seconds and recovered to 166.90 in less than 1 minute after they had cleaned out my account.
This is their favorite method of stealing money from your account. Beware! Do not trade large positions or on very busy days when they have an excuse to lock your trades and issue margin calls. They will ROB you and take your money!
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
© 2012 ForexBrokerz.com
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