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FXCM — Forex Broker

FXCM:

Company: Forex Capital Markets
On-line since: 1999
Country of origin: USA
Regulation: Registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Also regulated by the official regulators in UK, Italy, Hong Kong, Australia, Dubai and France.
Payment options: On-line checks, bank wire, paper checks and credit cards
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 1-3 pips on EUR/USD
Rating:
5.5/10 with 212 votes

Rate broker — FXCM:
Categories: Forex brokers with web platform
MetaTrader Forex brokers
Forex brokers with advanced platform
Institutional Forex brokers
Opinions: See FXCM reviews.

Advantages:

  • Unique trading software
  • MetaTrader 4 support
  • Web-based platform is available
  • Great user support
  • Training courses available
  • Access to DailyFX.com

Disadvantages:

  • Limitations for MetaTrader 4 accounts
  • No mini-Forex accounts

Click here to open an account with FXCM


Reviews:

24 reviews of FXCM are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


Madhawa from Sri Lanka07/17/2010

They are good for me.


Alfian from Malaysia07/04/2010

Trade Station II is the best platform fxcm offer to us.

But first all U guys need is knowledge and experience in FX business.

It takes time and hardwork and a lot of money.

Then U will gain your profit back and a lot more then U lost.

Just a matter of greed.

Don't luv ur money. luv ur planning and strategy.

FXCM is a good broker.


sunny yeoh from malaysia05/23/2010

i found the connection with fxcm is terrible,wat's going on,i always fail to trade conveniently,i hate this,i have lost lots of opportunity and money during the selling processing,i earn this second and i sell it but the software is hanging,and i lost the next second..help!!!!!!!!!!!!!!any1 from malaysia who found this problem,i am pleased to share and to be shared with this,email me-sunny_ych91@htm.com


Andrew Tan from Singapore05/20/2010

Today I can't open my platform and close my trade which made me lost USD$20,000.00 on a single trade. FXCM is not reliable and from what I heard the people say things about this broker, it is the truth. Last week I lost USD$5,000.00 because can't close my trade. They say will refund the money to me and I never hear from them again.


linda from usa03/22/2010

FXCM is terrible. I completely agree with Larry from Missouri. I've been with them for almost three years and their system went down three times (way too many), causing interruption to me and rest of the FXCM customers. I lost money this way several times. Just recently, they raised cost of the spread for micro account. I had standard account before but switched to micro to keep the spread cost lower. How can they just raise the cost whenever they feel like? I'm so upset! They are one of the biggest currency brokers out there but very highly unethical. It seems all they care about is making money for themselves and don't really care about their customers. Do not open your account with them because you will lose money. Also I read in their blog that people who wants to with draw their money from their account have difficulty getting back their money. It takes about a month before they receive check in the mail.


Alam from Canada12/30/2009

I have 4 accounts with them, Active trader account has execution problem, and its fine so far,, since it’s in New York I think my money is safe, If you think they cheat, or scam you can file a complaint to New York state department, They will love to hear from you, Winner never quite and quitter never win,


SAMUEL from USA07/30/2009

This people are first class scammer, they increase their spread any kind of way. Please put them out of business


Luke from Nigeria07/10/2009

You were Broker that caught my attention and all this while I have been praticing with your Demo account. But I was disappointed to discover that you don't accept e-currency and also the mininum account size is beyond me for now and moreover you don't even have mini account for small traders. Thanks


soj from Nigeria05/20/2009

I think the major prolem customers experience with FXCM is that of transferring money into trading a/c. I had to move to a new meta trader operating broker majorly because of flexibility in mode of payment and withdrawal. Now I can make deposit into my account and even withdraw fund the same day.

Their response to enquiry is ok by me.

As per SLIPPAGES in whatever form, or throwing of SPIKES, I advise traders to master the concepts behind THE ELLIOT WAVE THEORY inside out and be able to apply it to their trade entry and exit. They must also endeavour to trade in the general market direction especially when scalping. This will surely protect them from losing much money if they are trading wrongly.

Best regards.


LINCONEL from Nigeria05/19/2009

hello, please can anyone tell me the limitation for metatrader 4 acounts as stated above? i need to know because i need an acount with fxcm


ramish from texas05/14/2009

omg... i just can not find the right broker everywhere some body have to say something bad about some broker.. any help plz..


confusion is in the air from n/a05/14/2009

I have been practice/demo trading with FXCM Trading platform daily for a period of 5-6months

I honestly don't understand all the complaints that people are making.... I really don't perhaps once I open a live account with them I find out the reason, I hope not.

I believe, that no broker is perfect they have all got faults and of course they are there to benefit themselves, why else would they do it? would you open a business and try to help people rather than yourself? that wouldn't be a smart idea... you'd prob go bankrupt from handing out free cash to your employee's everyday and telling them dn't worry I know your sick and have been all year and yes I know you are crap at your job but hey heres a bonus! Right....

If your good at trading and your good at your job, then you should be reaping what you sow if you suck and get stopped out each time your obviously going against the trend... your analysis is all wrong, I do understand that at times I have noticed with some stop losses it seems to jump there for no reason and stop you out and then continue back up almost straight away... I compared to other brokers and noticed that FXCM platform most certainly something odd going on, but you also have to realize that you can't always put a 30 pip loss or limit because at times you have to know that its not going to work.

Its easy to judge and to blame someone else because no one really wants to admit its their fault do they now.... If you can't admit your own mistakes your just going to go from broker to broker thinking they are all scammers!

Better educate yourself slap yourself across the face wake up realize its a greedy world. No one is going to help you make money no one.

Comes down to capital too. If your only starting with 2,000 well good luck to you! I know I couldn't do that its like any business the more capital you have the more likely you will stay in business and not head down hill... if you got 2 grand wowee best be 100% all the time cause not going to take much of a lose to end up out of the game and on the side line balling your eyes out.


Amram from Malaysia.05/06/2009

I have been trading with FXCM for quite some time now. And any problems that happened to any of these traders here never occur to me except for my own connection problem. The problem might came from you traders and blaming the broker for not making a profit is not going to change anything. The only complain to FXCM is the time they transfer our withdrawal, it took about a week for the money to be deposited into my bank account. Other than that, its a wonderful experience. And great trading platform. Thumbs up!


paul from essex uk04/30/2009

i have used FXCM for some time and they are helpfull with the best trading platform.

Mmaking money is our job, helping is theirs..


craig from south africa03/29/2009

i used them a wile ago and had bad slippages lost so much money that i stop trading dont find there help dest a problem but wont go back to them

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