By: Tony

Tony — Tue, 04 Dec 2012 16:33:15 +0000

I have also heard bad things about them. I also had one of their sales guys chase me to open an account with them. Now, when a broker chases you, that tells you something. It told me something anyway – run away as fast as possible………………

By: Dom

Dom — Mon, 03 Dec 2012 16:24:21 +0000

FXCM is one of the biggest rackets ever to be listed on the stock exchange. Sure they’re one of the biggest brokers, and they are using that reputation to screw traders out of their money by quote/price manipulation to trigger your stops and limits to their advantage. I’ve traded with them for over a year, and if you want to deal with price spikes that screw you all the time, then their your best best. One time I lost $3500 dollars because of a glitch in their platform that closed out a large positions by mistake? When I confronted them with the issue, they insisted that i had placed a market order to sell out the position. I agrued that they were completely rediculous since I had a take profit limit to sell 50 pips higher than the price that it was sold at, and the price was moving in my favor, why would I all of a sudden bail out of my position. But what was I supposed to do, sue them for $3500?
Bottom line, I truly believe that FXCM is a unscrupulous company and it is only a matter of time before someone will exposes them for what them are, regardess of the cost to do so.

Comments on: FXCM Broker Review (FXCM MT4)

By: Tony

By: Dom