FXCM

i have been using FXCM before 8 years and they are very good in evreything tools. charts . strategies . news
if u dont have much experiance with trading sure u will loose all ur money and if ur mad a little sure they will kick u out from the chat room i give them fifty star not only 5 star

I found that I was always stopped out with “their spikes” in the market when trading the real account. This never happend during the demo account.

I believe they are bad rather than good but their platform is the best and it is very important when you are trading, you want to be familiar with the platform. I’m just wondering, can we avoid being hunted by them by not identifying stop at all?? then they cant really kill you, can they?? we also have EBS feed to compare how accurate their chart is and if it’s a fake chart we can go to FSA or NFA and claim back our money. I’m just wondering if we could do these because I am so familiar with their platform and love it!! Any comment from you guys would be appreciated, genuine comment please not from FXCM!!

I’ve had varied experience with FXCM. Initially I had a micro account with their NY office – then they mentioned I had to change to FXCM Australia and open a mini account because i live in australia.

The micro account with NY (non ECM) ended up being a much better experience for me as a scalper than when I changed over to the mini account (ECM). The australian office and staff were far less professional than the folks at NY.

I have since changed brokers to GoMarkets – much better !

Anyone wishing to open an account with them, you have to read
Ahmed comments below.

This is exactly what happened to me…

Not convinced yet? try trading with them and try scalping.

Good luck with that.

Good broker I use FXCM UK

FXCM totally lacks integrity. I fully agree with Ahmad’s assesment of FXCM’s crooked ways.

If there was minus stars I would award them a MILLION MINUS STARS.

I also have accounts with SAXO and FXDD and they are honourable brokers.

trade real account with them. I won’t say they are the best, but I am still yet to find a better one. Doing my due diligence on others market makers/dealers, I still can’t a better one other than FXCM.

If you are a reasonable good Forex trader, and intend to trade with them for life, then I think sticking with them and improve on your trading skill and strategies provide a better option than looking around for a better one.

FXCM does change it rules and adapts better than its competitors for its own advantage, but that is normal for its long term survival. If it can not survive over a longer time frame, don’t you think your own survival is even at a greater stake. You certainty don’t want FXCM to be the first to die (or disappear) before all others or you, for you don’t trade for only today but should be trading for life. If you have a vision in trading forex, FXCM will be one of the best amongst the strongest.

Ready yourself and I am certain FXCM won’t disappoint you much. Know your own limitations first, then FXCM’s ones and trade around them. Certainly FXCM is one of my favorites I trade with.

I’ll be the first to admit that FXCM isn’t perfect. However, I believe they are one of the best brokers of the market. The new platform is outstanding, and since they’re regulated, I believe I’m safe with them.

I’ve been using FXCM for 3 months, even still in a demo account. I feel that the platform is just perfect for my trade later on in live account.
Support staff are fantastic. Great platform for forex traders.

I’ve been with FXCM for about a month now (3 months including demo time). I can’t say they are too bad. You can’t judge a broker depending on YOUR trading performance. For those who think they are manipulating you, you should check other charting programs. It happened to me, I’ve been spiked out, THESE ARE CALLED WHIPSAWS, IF U KNOW ANYTHING ABOUT FX YOU WOULD KNOW THAT. It happens a lot, if your stop is too tight u will be caught by them. I have made money and lost money with FXCM, losing is something YOU HAVE TO BE PREPARED FOR!!!! IT’S INEVITABLE! All I can say is FXCM seems to be one of the most legit ones. They tell u THEY DON’T TRADE AGAINST THEIR CLIENTS, they have no reason to lie. There is BIG MONEY IN SPREADS, ESPECIALLY IF YOUR TRADING 100K ACCOUNTS like me. Their customer support is outstanding. The courses are great, feedback is standard all the time. I suggest you study more. The only thing I can complain about is their charting, it can see improvement. But that’s not too much of an issue. PS: slippage is normal.

So far so good. The best program and people to deal with. Whiners are usually not winners. Suck it up and learn your FX!

Sorry to say they are very bad broker with respect to all who told they are good I think they are from FXCM or don’t trade in FXCM.
In news, of course, they are robbers, they are delaying your order until get the worst price for you then they will fill it after 30 seconds which is long time; second thing, they are liars and I think somebody should take a snapshot when enter a position with stop and limit prices because they are changing the price of closing in stop price specially, and guess what I saw this happened when you are not connected to the internet and you closed their program they are monitoring this and playing their game, and even with no news they are playing games and change your stop price and even limits. They are not filling it sometimes and they will wait until the price is gone but for stop sure they will fill it and close it within a second but limit you have to pray to close your position and if you are not online and monitoring the trade they will play games and when you call them they will tell you there is no liquidity so your order was not filled. They are liars because 1 time it went above the price 8 PIPS and for 8 seconds ( which is long in FOREX world ) and still not closed I called them they told same reason no liquidity they are big cheaters 8 seconds no liquidity and in the moving hours it is impossible. I will not give them even 1 star, even their platform is freezing all the time and not properly updating specially in your traded pair. You will find all pairs are updating OK but your traded pair is either freezing or not proper prices sometimes and for few minutes sell prices is more than buy ( can you believe it ) and this only happens with your trading pair which is proving they are playing in the prices. SORRY FOR LONG BUT THIS IS REAL COMMENT NOT FAKE.

I have been trading with FXCM For quite some time now (4 months). I am a real account user (not demo) I make money with them and have no problems trading with them.

Stops hunting is something that happens in the market and is not limited to FXCM. Many reviews posted here are bunk. Stop hunting happens to traders who use STOPS incorrectly! Don’t blame that on the broker, YOU placed the stop order… The broker is executing your order…. GOT IT?

Now as far as a broker they are the same as any other with a few caveats to be aware of.

1: Pip spread fluctuations – Their spreads always get larger in news times.
2: some of the BIGGEST spreads in the business – sure you can trade EUR/USD for a spread of 2pips but try trading GBP/CAD which can be as high as 22, or try GBP/NZD for as high as 24!!!! That’s a problem for many… Just not a problem for me as I am a trader who does is homework!
3: When I began trading with them the execution was pretty fair – now they do not guarantee a no slippage execution- this has lowered my opinion somewhat, just not enough to stop me from trading with them. I make money from them so what is everyone else griping about? trading is not about the news alone and if that’s the way you trade and if you are losing at it… maybe you should change your trading strategy
4: This is the biggest one for me….. Only 12 pairs are able to be traded at any one time – The platform is good but I need more than only 12 pairs… even this does not stop me from trading with them… I trade with them every single day the markets are open!

The good points about this broker are:

1: They are technically very good and solid as far as reliability and stable trading environment, but if left open for to long it will get glichy and stop responding to your clicks. This is not a biggie and will happen to almost any platform – restart the program.
2: FXCM does offer some trading pairs that I do not see on other platforms / brokers. GBP/NZD for example. some of these rare pairs carry the big spreads.
3: The interface is very nice easy to read and use, it comes with a large host of excellent plotting and charting tools. there are only a few missing such as fibo fans and circles but this should never be a set back for any trader who is worth a dollar.
4: The reporting function is excellent as it lists every single trade you have ever done! Just select a time frame or choose to report on your account since the day it was opened. Very awesome and very convenient. This makes tracking your trades very accommodating.
5: They are NFA regulated. This is not just a moniker like the Better Business Bureau it is a good thing. You at least have the opportunity to complain to the NFA should you experience fraudulent behaviors and treatment.

All in all I like FXCM but I would not rate them as the best or anything like that. They are a broker who does their job, they are based in New York, they have an address and phone numbers and people manning the towers, I have had all of my questions and even some complaints taken care of by genuine people who are actually interested in you making money. If i felt they ripped me off I can at least show up at their office and knock on their door. This is important to me as a trader. Who the heck wants to fly to Cyprus or Israel or the British Virgin Islands to file a complaint?

To comment on a few other that say “they play the market against you” I say this:
You are an amateur and probably shouldn’t be trading forex at all, EVERYONE trades against you that is what the market is. If you were a real trader why would it matter if they did trade against you? They certainly don’t have enough money to move the forex market so quit being a wanker and go out and learn how to trade properly!

One final thing their charts and indicators do not show the wrong stuff!!!! You’re probably not a very good trader!!! I trade with FXCM and I use a plethora of other charting software and what you see on FXCM charts is what you see on other charts. This is forex not some online poker site buddy!

Good technology and security. Trading on the news with them is a nightmare.

I’m using the FXCM demo account and I’m delighted with the platform, info and customer support they offer. I even took one of their courses but unfortunately these courses aren’t much helpful.

The fractional spreads are a good improvement. Unfortunately, the slippage during volatility continues to be a tradition on FXCM.

FXCM customer support goes from extremely good to extremely bad. When they’re trying to sell you something (usually a course) or trying to convince you to open a real account, they are all nice and helpfully. When you’re a customer and suffer a slippage that affects you, they kick you out of the chatroom. That’s not honesty.

FXCM is probably one of the most secure forex brokers. Execution fills are bad (during volatility), the trading platform is good and the customer support is average.

One of the safest brokers to use. With so many scams on Forex I can’t even understand why people open accounts in offshore brokers. FXCM is regulated. I also love the platform and support staff.

IMO FXCM is a safe broker. The support team is good and the spreads and executions are decent.

It seems everywhere I go I see bad reviews about FXCM. It seems people lose money because they don’t know how to trade and decide to blame their broker. FXCM execution during news is not good. No question about it. However, there’s no broker on the market that can guarantee fills during high volatility periods. At least, FXCM is a safe and regulated broker. Most of their competitors can’t say the same. Besides this, they offer plenty of information, charts and a good trading platform for free. And the customer support is one of the best in the market.

FXCM is much better than they used to be. They no longer trade against their customers and they probably are one of the safest brokers to open a real account.

I had bad experiences with FXCM, and reading other people’s comments I realized I wasn’t the only FXCM victim. They manipulate prices, they execute limit orders as they were market orders (with huge slippage) and they won’t be there to solve your problems. If I could I would give them zero stars.

When I used the demo account I was delighted with FXCM. When I opened a real account I found out the real FXCM. Execution is terrible and when you have any serious problem and visit the support department chat, they kick you out of the chat room.

Trade with them at your own risk! FXCM trades against you and they will only stop when you lose all the money on your account!

Their “trading signals” appear to be always wrong. The trading platform is great but that doesn’t help much when they don’t execute orders during high volatility periods.

They have a good platform, good tools and good customer support. The bad thing about FXCM is the execution, which makes your job much harder.

If you’re just starting on forex, you can use FXCM, if you don’t trade during news. The problem is this: without news, there’s not much volatility, and when the news come out, FXCM can’t fill them, so they get useless. I don’t give 1 star because FXCM can be useful for beginners. But for everyone else, FXCM is not a good choice.

I’m new to forex, and just opened an account with FXCM. So far I’m happy with them, specially with their support staff.

They are a good broker for beginners. Good tools, spreads and even education. The only bad thing about FXCM is that once in awhile, it seems the price moves in their platform, just to hit your stop loss, and then, reverses and moves on the direction of the trade. If it’s not manipulation, at least it seems.

Trade on the news with FXCM, and they will eat you alive! Contact the support team when you feel they have robbed you, and they will kick you out of the chat room. Don’t even think in using these guys!