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I had errors when I tried to exit trades with FXCM

I traded with FXCM for several months.

First, their customer support was very fast and efficient. Always a nice, knowledgable person on the othe end of the line.

I got money out with no problem whatsoever.

The funny thing was I had errors when I tried to exit trades from time to time and it ended up being why I quit them. Never knew if I was getting "played". It doesn't make sence for a broker to try to drain your account. Anyway, too many of these losing trades where I knew what to do, did it, and got errored into a loss.

I'm in the USA and the trading takes place in the UK. That may have had something to do with the errors, I don't know. I'm not ready to say they were scamming me.

Wheelo, Forexrealm 2010-02-16

FXCM is probably the biggest forex broker on the global market (or at least one of the biggest): currently it has with more than 203,000 active tradable accounts and 203,000 people can't be wrong now, can they? 

 
You are probably wondering how did we get this data and the answer to that is simple: FXCM gave it to us – and to anyone else interested. In order to maintain transparency of operations, the company has introduced FXCM Financials – a site where anyone can see the broker's balance sheets, income statements, EBITDA details, customer equity, etc. 
 
By now you must have guessed that transparency and investor protection are super important for FXCM. The broker is registered with the FSA (UK), the NFA (USA), SFC (Hong Kong), ASIC (Australia), FSA (Japan), and ACP (France). 
 
With a huge selection of educational resources such as trading tutorials, video library, articles, analyses, forums, webinars, etc. FXCM is a good broker for beginners. Most of these are found on the DailyFX site, maintained by FXCM. 
 
FXCM spreads are extremely tight due to healthy competition of liquidity providers, including global banks, financial institutions and other market makers that make up broker's renowned No Dealing Desk execution. Price improvement (e.g. positive slippage) is available. 
 
Traders can choose between two account types – Basic and Active Trader – and siz platforms: FXCM Trading Station, Metatrader 4 (MT4),  Ninja Trader, Mirror Trader, Zulutrade and Active Trader. Copy trading is available through ZuluTrade and Mirror Trader. 
 
FXCM customers who want to recommend the broker to their friends and family are encouraged to do so, and are then rewarded through the broker's Refer-A-Friend program. 
 

 

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website

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