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I neede to give FXCM's micro trading platform a fair review

I felt I needed to give FXCM a fair review. I use the Micro Trading Platform as I like that particular platform.

So if your new to FX Trading don't open a live account without trying the demo for at least a couple of months. Understand what drives the market and use the market data.

I've never done forex trading before so I got a book about it and worked the demo for a couple of months. I still use the demo as I'm trying to get the Japanese Yen understood and I still struggle.

I don't bet on anything that I don't understand.

Here's reality. FXCM's trading platform's are not the best. They mess up. However using the stop loss and profit limit will get you what money you want and give you some security. I agree that the programs need to be better but FXCM seem to be working on updates and in the last three months I have noticed that it is getting better.

FXCM is definitely not a scam. I have received over $250,000 in many transactions and the longest I have had to wait for it is 4 days.

Do not listen to bad reviews on here. Chances are that people are not very sensible and just bet whatever way they want. I do this full time and I make an extremely comfortable living out of this.

Surely if this was a scam someone would have reported it to the NFA and the SEC who would have done something. Yes the pips aren't the greatest but they're trying to make a living to.

Neil, forexrealm.com 2009-07-27

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
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA 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
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

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