I have just started using FXCM as I was looking for a safe place to put my money and trade, I have seen all the things written below, slippage, moving rates, it took them a week to connect me to Zulutrade, however there are also some positives, I feel quite safe that my money is with a $700m company listed on the NYSE. If everyone here is seriously going to choose slippage and a couple of pips difference in a rate as their reason to choose a broker, then when that broker charges you a large undisclosed fee to withdraw your money, or they just don't pay up, or they go broke, you only have yourself to blame. This is a solid and stable company and I have been monitoring their rates (for Zulutrade anyway) and they really are not that bad, in many cases, good! It's your money at the end of the day.

I use this broker for Zulutrade and have been very happy with them, I only copy one person and the slippage for him is relatively low, I think 0.96. also the spread isn't that bad, I am looking at eurusd now, it is 3.4 take away the 2 pips for zulutrade and you have 1.4 pip spread. The main reason I started using them is that they are the biggest and listed on the NYSE, so I fell that my money is safe, which is most important to me. Also their withdrawals are free. If I had one criticism it would be that when I deposit in AUD, they have to convert it to USD for Zulutrade and they take a 150 pip margin for that.

mcm 02/15/2012

(1) (0)

FXCM is a big and professional brokerage firm. It certainly has some unhappy customers. However, my own experience with FXCM has been quite pleasant and sweet so far.

Their customer support staff are very professional, efficient, thoughtful and helpful. They do deserve 5 stars! It will be super if they can add more deposit and withdraw methods.

Ann 01/05/2012

(0) (0)

FXCM is a good company,I havent been trading with them that long buy my experiences so far is great. So far no requotes nor any other problems.

The best thing about FXCM is they have there own TS II platform for the people who want something different of MT4, and it looks great.Don't pay attention to the bad reviews,it seems like the bigger the brookerage the more bad reviews it get.That is just because the big companies such as forex.com/fxcm attract a lot of NEW traders,they lose all their money in a couple of weeks and blame the broker.

Bottom line: Go with FXCM

Sonny 10/05/2011

(0) (0)

I've been trading with FXCM for about 6 months. I've spent a ton of money trying to educate myself on trading the stock and forex markets. FXCM is, beyond a shadow of a doubt, in my opinion, the best company to associate yourself with.

If you have a live account ($2,000.00), you have access to their insturctor's teaching webinars. Their instructors are EXCELLENT. They teach practical trading application, money/risk management, trading psychology and much more. You can choose an instructor that is trading in the time frame you are interested in.

Their website is expertly done and loaded with meaningful information. If you want to give yourself the best start in trading you don't have to spend the money and the time that I did. Let the instructors at FXCM teaches you how to become a professional trader at NO ADDITIONAL COST TO YOU.

Fisher 10/04/2011

(0) (0)

I have been using FXCM for 18 months.

My advice is simple.

Do not use their Mt4 platform for live trading. It is unstable.

Mt4 connects to FXCM via a bridge with Boston Technology. This means that 'open' orders disappear in the synchronization process, execution is often slow and at times the interface can hang for up to 5-15 minutes depending on news events and volatility.

So, if you plan to trade seriously and eventually with size, find another mt4 broker.

On top of all this, FXCM takes no responsibility for technology issues and while their customer support has been good at times, when it really counts they fail to deliver.

Their proprietary Trade Station platform is more stable but lacks features and has an awkward interface.

Given the wide spreads and brokerage you pay FXCM, I would expected more from them.

I doubt that a perfect broker exists but you can most certainly do better than FXCM.

Charles 09/14/2011

(0) (0)

I've been with FXCM for two years now.

I never had an issue depositing or withdrawing funds. If a problem ever developed, support guys was always cordial and quick to remedy the issue.

Yes, FXCM's spreads are still higher than a lot of brokers’ especially non-regulated brokers, but I value the security. I would recommend FXCM.

LJim 08/17/2011

(0) (0)

There are many foreign exchange market brokers to choose from these days; sticking with a prominent, well-known company is always a good idea.

With FXCM, more than ten years of topnotch forex market experience and a global presence ensures that traders are enjoying some of the most balanced and fair trading today.

The ease of using the FX Trading Station software makes FXCM a great choice for novices and experts alike, and FXCM’s No Dealing Desk trading execution policy enhances traders’ opportunities to nail down the best profits possible.

All told, FXCM is a reliable and reputable choice for any forex trader.

Forexblog.com 04/26/2011

(1) (0)

Client service is very good,deposit is easy ,money is safe, this is the most important to spot forex

Yonghee, FPA 04/22/2011

(0) (1)

I retract my previous comment about FXCM being a SCAM, they are quite good brokers. My only problem is with the iPhone app.

Whenever there is news or higt network traffic, it is impossible to connect with the mobile app. This does not happen in the trading station, and from now, I will use the mobile app only to check on my trades if I'm away from my workstation. These guys are not a SCAM, they are good brokers, and their software is amazing. A lot of the people who complain here either dont know what they are doing, dont know how to trade, or have poor risk management, end up losing their money.

My biggest problem, which I have since overcome was the psychology and money management. I'd find that I am in a losing trade, and the market would go against me. I'd start to get anxious, and after losing more than I should since I didn't have a stop loss, I'd double down, either place an even bigger order to recover my losses, and lose even more.

My other problem was I was over leveraging, and would often get a margin call.

First problem resolved by placing a stop loss on all trades, I can move it towards my open price but not away (that is one of my rules) and also for the psychology, I now if I lose 2 trades in a row, I stop trading for that day. These 2 rules have really helped.

ES, Forexrealm.com 04/01/2011

(1) (2)

I have been trading around 2 years and have only been with FXCM.
I do have some complaints and some praise for this firm.

Firstly, I tried spike trading and the first few trades were very profitable and then the slippage was just to much to risk.

I would be slipped well past the spike and lose money, I spoke to FXCM and they said they had no control over this it was their liquidity providers. I cant comment on that because I do not know?

Anyway I stopped spike trading and started using afterspike retracement. i recently took a trade and my TP stop was reached and trade was not closed my profit target was 1000 and the trade actually reached 6000 plus profit howeve i tried to close the trade manually at least 20 times to no avail, the trade dropped to a 700 loss and I was then allowed to close.

I contacted FCM with regard to this, and they did an internal investigation and agreed with me and paid me the loss plus the 1000 ptp target profit.

I really have no idea if brokers slip or liqidity providers.

Whenever i have withdrawn funds from FXCM the have arrived promply. I feel we all have a gripe but not sure who it is with.

P Jordan, FPA 03/29/2011

(0) (3)

I have been trading with them them for a number of years now and they are a good solid company. There have been a few admin problems but they were sorted out fairly quickly.

I get really annoyed at the accusations of stop hunting simply because a stop is hit.The only way to confirm this activity is by comparing price against other reliable brokers. In the years I have dealt with them I have seen no evidence of this sort of activity. Their pricing is always identical or within a pip of other brokers.

If three or 4 brokers prices all go to a certain point then THAT IS THE CORRECT MARKET PRICE, confirm pricing against other brokers prices before making accusations.

As for margin calls, probably for nubies who unfortunatley know nothing about money management and allow greed to dictate their actions.

Rather take heed of the risk warnings and be grateful you were closed out on margin or you might have lost more than you deposited.

Spend some money on educating yourself specially "Money Management" and a person with mediocre trading skills can make money in this industry.

I do agree that they can buck up on their admin side, but their trade execution is good and I have never had a position added that I never placed or a trade closed for no rhyme or reason.

I note with a bit of dismay that all the larger brokers, who also happen to be the most regulated and adhere to the rules are all branded scams, this all seems like a bit of a joke.

Any further regulation in this industry will kill it for all of us.

I was interested in opening another account with a different broker simply to diversify and decided to do some homework as I did not know the broker when I came across this site.

Maybe a simple questionair will cut out a lot of the bogus accusations from inexperienced traders.eg. Years or months of trading experience? gearing used on trade? did you confirm pricing on another platform. Was there a fundamental at the time.

I am aware that there are some crooked brokers out there and maybe even some justified criticism on this review site, but to brand every second broker a scam because some ill advised, greedy, ignorant traders lose their money. This is a bit of a joke and certainly not a fair reflection of all the brokers branded scam artists.

Whilst I am all for freedom of expression maybe a few pertinent questions posed before a comment can be made will give a fairer more balanced view.

I am an independent forex trader with 12 years full time trading experience not affiliated to or working for any Forex broker; and find that I really cannot use the reviews found here as a reliable barometer to review any particular broke.

Graham 02/27/2011

(1) (1)

I have had an account with both FXCM and FXSOL for more than 5 years. I have had accounts with over ten other brokers too. Every time I felt like they scam me I try another broker...

The fact is the only trade I ever lost with either of these brokers was due to the fact I traded too big for my account. Both these platforms are strong.

I particularly like FXCM charting time options. They pay like they are supposed to when I get the chance to withdraw here and there. Biggest problem with my account is me. I make good money when I trade small.

Mike, FPA 02/12/2011

(0) (1)

I was trading a Standard Account with their MT4, and was having a lot of problems, then I was guided to their TS11, which i have been using for more than six months, now, without much problems.

My promise to all you guys is that once I notice any unethical dealings from FXCM, I would rush back, here, and update my comments, but for now, they are OK;

advice I would give to any FXCM client, is to use TS11; from my experience, that is the one with the real no dealing desk, I can not vouch for their MT4.

Kingseustace, FPA 02/06/2011

(0) (1)

I make money and they wire me my funds every week in less than 24 hours, running more than a 100k deposit with them.

I use another ENC broker to cross check for price manipulation but they are the same 1+/- pip.

I gave my full name because I trade for a living and make money by being right, this broker allows me to get paid when I am correct in my trading.

Rovert Williams, FPA 01/28/2011

(0) (1)

I have a Standard account with them, which I opened a few weeks ago, so far they seem good.

All my entries and stops were executed and they have good customer support.

The only downside is that if you have a Micro account than you have to wait over 2 weeks to get your check. Other than that I have beed doing very well with them and I am pleased. They seem a lot better than some of the other Brokers I came across, AND they accept US citizens which is a plus!

Biglazy, FPA 01/27/2011

(0) (1)

FXCM is a great borker,I have withdraw my funds,fast.

Inspector, FPA 01/21/2011

(0) (1)

I am very happy with these guys... totally.

To this point I unfortunately have not made back my start up money. I and you should realize you will lose first and then if and that is a big if you learn from your mistakes, you can turn it around.

I lost money because of not knowing what I was doing, When there was a problem they reimbursed me twice in very short order. I was impressed.

I thought the complaints might be true at times but now I see it was just how I was trading, I am willing to admit that and these others should as well. The forum is awesome as well, I have learned a lot ( I knew nothing before).

I see no issues at all with these guys, if I ever have one that is unreasonable I will report it right here, but I dont expect to have to do that.

Captester, FPA 01/15/2011

(0) (2)

I continue to like the service, the research provided (free and membership) and the executions. When had issues, its not been because of FXCM, only because of my own poor trading decisions.

Here's what I recommend to newbies, being barely out of that category myself:

- Don't use automated trading or MT4 platform
- Trade the news; find a news coverage provider (live, or pre-news strategy; many are freely available) and ** listen ** to what they say
- Learn to use indicators, but don't overdo them. MACD is perhaps the most valuable indicator out there. Stochastics provides detail MACD doesn' show. RSI/Momentum is your gut check. Pivot points show chart levels other indicators don't show. Bollinger, and a good MSA and EMA to confirm sell and buy points and you're all set.
- Learn the "personality" of the pairs you trade and don't trade linked pairs in the same direction (use one to hedge the other if needed).
- Keep greed and fear out of the equation - meaning set your stops and don't change them in the negative direction, and your limits so that when you walk away from the data you benefit from spikes before retracement.
- The trend is your friend. Trade in the trend one timescale up from your trading timescale unless you have a serious reason to go in the other direction.
- Listen to signals. Ignore opinions.

Franz Zemen, FPA 12/19/2010

(1) (2)

So, I am soo German, let's be more detailed *smile*:

MT4 sometimes make problems or has time lags with FXCM. Right.
Because that tool is build for MARKET MAKER broker - and FXCM isn't!
If you get the MT4 via FXCM they give information about that. via email and via telephone talk.
I believe they offer the MT4 - and have sometimes problems with that - because sooo many people asked about that tool. They heard about that tool and didnt wanna talk about other possibilites...

So, if there are sometimes problems with that tool - lets be fair and detailed - then its a problem of the software, not FXCM.

I trade via the Trading station of FXCM - manual.
Excellent fast and good tool. No problems!
But I wouldnt trade manual with the MT4.

If you wanna take MT4 and FXCM, you get ECN trading - no Market Making.
But sometimes time lags.
If you take MT4 with other brokers - mostly of them are Market Maker and you get bad execution...

So, decide avout that 2 possibilities!
Or trade manualwith FXCM without problems.

Jens, Berlin 11/27/2010

(1) (1)

FXCM are excellent broker. Fast execution and reasonable spreads. Customer service is ok too. I'm happy with them.

Bobi 11/23/2010

(1) (1)

I'm new client in FXCM, Thank you FXCM Micro for the 50USD bonus and free head start on your brokerage. I hope i can make 1k and start earning 200-500 a month from the free bonus.

I like the spread, execution and price feed on the micro station.

I have no more experience with FXCM other than this, so for now i will just rate than 4 stars, one for free bonus, one for good server, one for dailyfxplus signals and one for prompt support.

Looking forward to a bright future here.

Nimrod Dsouza, FPA 10/02/2010

(0) (1)

FXCM Service is very good. The call back in seconds, they answer to every Email within minutes! The software is very good, spreads are low...

Chris, forexrealm 09/25/2010

(1) (0)

I love how everyone says FXCM is so bad. They are only the biggest name going in FOREX, with about 200 million dollars in capital. All you people who say FXCM is a scam, "oh, they took all my money", they stop hunt, trade against you, you are all a joke. Can you say NOOBS? This is FOREX. This is the biggest market in the world, it is the most unregulated market in the world, it is also the most leveraged and volatile market in the world. This is the wild west of investing, and if you can't handle it, maybe you go hide under the covers of your bed where its nice and safe and warm. My advice: get a second job, it's not safe out here and it's not for the faint of heart. It's not for the quick-buck artist, or those who want to "get rich quick". I have pesonally both made and lost money doing the forex thing, mainly with FXCM, and a little with CMS Forex before FXCM came out with their mobile version. Nothing I've seen in my few years of trading had led me to believe either of these companys are scams in any way. In fact, FXCM gives out free advice and training if you have a live account with them. Not bad. Forex is very similar to stocks in that you don't go looking for trading oppurtunities, you wait for them to come to you. Example: The BP oil spill. As all the sheep were busy dumping their stock, I was scooping it up at a bargain price. There is a reason that these companies trade against their customers, why shouldn't they, when the majority is always wrong? FXCM will be the first to tell you, too. It's called the Speculative Sentiment Index or SSI. They update it twice a day, and even advise you which direction to trade. Is it their fault people go against their advice? I thought it was a free country. I'm with Oanda now, as their ability to trade any unit size gives unparalelled flexibilty.

Chad Kruger, Forexrealm 08/13/2010

(1) (0)

Hai guys i'll trade in FXCM it's good trading platform and time frame fast responsibility low commission compare to all withdrawal every easy......go for it....

uthayakumar, Forexrealm 07/22/2010

(11) (0)

I use fxcm micro with their trading station II.

I like it. I am doing manual trades and I set up limits, and then have a stop and a series of targets combined as OCO orders.

I am happy with the charting. I just started looking in to MT4 which they no longer offer for US customers this is going to be the only reason I will change from them.

I am still losing on my trades overall, but this is the best account I have as far as normally good spreads and I do like the tenths of pips.

There is an issue with spreads during the swap time (5 pm EST) it can go bonkers. I like EUR/JPY and it can change from 3.7 to as high as 15 pips for as long as 2-3 minutes until it gets all the way back down to 4 or so.

I usually get out of a trade unless I decide that I don't care based upon what has transpired and how much longer I plan to be in the trade. It is usually either the bid dissapearing or the ask not both, since you are graphing only one often you don's see it so you must switch to the tick chart or back and forth between bid and ask price charts to see the problem.

I just saw a spike at 5:20-5:21 7/6/2010 up to 9.3 pips on EUR/USD spread as the bid dropped out while the ask just stayed put. The EUR/JPY spread at the same time was 3.2 and USD/JPY was 3.5. This is just impossible logically, but it certainly happened. It is like they have multiple markets they are tied into and lost all the data for that market but not the others, because a low spread in two should negate the possibility of a high spread in the third. But it certainly didn't. Considering any position can be created by combination of the other two positions they should at a minimum be the sum of the other two spreads if they just did some fancy executions with their software.

I do like the company and never have trouble executing trades other than the crazy spreads on the rare occaision.

Brian222, FPA 07/06/2010

(2) (1)

I have been with FXCM for about 4 months now. I have not experienced ANY of the negative items listed on this page. I don't get the complaints made here ... i.e. the platform opening up trades or not closing expediently. This has never happened to me and I have made hundreds.

Granted my account is lower than when I opened with 20K but that is my fault. Not the platforms.

Good luck all...

Jonh, Forexrealm 06/27/2010

(1) (1)

As there is a lot of mention of newbies, and I am a newbie, I thought I would rate FXCM.

Firstly, Overall I have made a small profit.Initially i doubled my money and then lost it all.It was my fault and nothing to do with getting scammed. I risked too much and "played" FXCM a little like roulette.

When I did make a little money, and I am only talking about 2000, I was able to withdraw it quickly and easily.

I have been using the new mobile version which I have found very useful. It has many bugs and is only at the testing stage, but I have found it pretty reliable. When I did have a problem with not being able to use access my orders through my phone, I was able to call FXCM and they helped me out, even though I have a micro account and am not entitled to telephone or online assistance.

I am not sure whether FXCM does scam people, and I guess if they were going to they would try to scam bigger fish than me, after all, why scam a small fish and make $300 when you can scam a big fish and make $3000 or $30000.

If I was a bigger fish I would be concerned if I thought FXCM was taking positions rather than just filling orders. I would hope they were just acting as an agent between buyers and sellers and not a buyer or seller themselves. BUt I have no idea what they do.

Basically, I do all my trading online and i can see if an order is fille d or not. I don't think FXCM could scam me very easily. If they locked me out, it could just as easily help me as hurt me, so I don't think it would help them to lock me out. I think they are quite happy to let me and people like me trade freely-they make plenty from the commissions.

Newbie, forexrealm.com 06/20/2010

(1) (0)

I have been trading with FXCM/MT4 for a month.

In one month , I doubled my account which is less than 10K to begin with.(I am a Quant developer )

Slippages: Yes some times I observed them , it's like 30% of time.But that's not deliberate.It's natural for market orders to have slippage.The slippage is upto 3 pips.

I observed the same sort of slippage with Alpari US too , (upto 2 pips)

MT4 connection loss:It happened 2 or 3 times , each time for few seconds.

I am no way affiliated with FXCM .This is my honest review.

If you expect tight spreads and don't use EA , better use their trading station platform.

If you are looking for a good broker , use FXCM or Alpari.Both are good.

S G, FPA 06/02/2010

(0) (2)

Opened up a Spread betting account with FXCM and on the whole found the platform easy and reliable to use, timely execution, have never experienced noticeable slippage, and the customer support is good aswell.

The only problem i have is that though their spreads can be very low they tend to fluctuate quite wildly, and as a consequence deals have been stopped out which wouldnt have been on my old account at IG (whos spreads are pretty much constant). Which is a shame because i prefer the Tradestation and 'no dealing desk' aspect of FXCM.

Overall tho they dont suit my particular strategy i would say FXCM are a great broker, and recommend you try out their Tradestation demo.

B.Belly, FPA 05/24/2010

(0) (2)

When I started trading with FXCM, I at first was losing money left and right. But then I figured out what I was doing as far as forex goes, and to date am doing extremely well. I don't know.

All of my trades have closed and opened with out a hitch. I've never had a server problem, and all of my emails to them have been answered within a single business day.

So to me, anyone who thinks FXCM is a scam shouldn't be trading Forex in the first place. It is a high risk game, by the way!

Kurt, Forexrealm 05/16/2010

(1) (2)

Don't try to scam people when you're a scammer yourself.
You guys who post that FXCM scam, are in fact scammers.

"The scammers are complaining scam."

Here's a professional reasoning. Try taking it down, see if you can.

1. If FXCM is a scam, why don't you file a complaint with NFA?
2. If FXCM scam so many times, what on earth is the NFA doing listing them?
3. If FXCM scam, why so many people use them?
4. FXCM is one of the top dealer. They're too big to be scamming.
5. FXCM, FXDD, Interbank FX, FxPro, Alpari UK, Alpari US are all regulated.
6. You lost money? Prove it...
7. Demo? Don't complaint. Live? Complaint. Not resolved? File with NFA.
8. Every market maker earned alot from spreads. Why scam?
9. File a lawsuit? Sure, go ahead. You're going to lose.
10. Which scammer would "play fire" with a regulatory body?
11. Scammer would never register themselves with ANY regulator.
12. Any lawsuits are welcomed. You'd be welcome into the jail.

End of talk. Now let's see, who can fight my statement?

nycv2@yahoo.com 05/09/2010

(1) (5)

This is a good and fair broker.

Some of these reviews look to be from the majority of traders that did not make money.

You blame the MT4 bridge, I bet you had an EA that was poorly coded and sent the server to many requests.

If you don't want MM then don't open a Micro account.

STP is for standard accounts only.

Bottom line, if you know how to trade forex, you will be problem free. If you don't, its your fault. I have used both Trade Station and MT4 with FXCM. Trade Station is a fa-nominal platform! MT4 works great for the EA's that I use. There feeds are used by so many institutions. For a retail brokerage, its probably the best out there.

I would recommend this broker

Robert, FPA 05/03/2010

(0) (2)

I use FXCM everyday and make a living on my PROFITS I get from using their trading station. I have never had a hanging order or problematic errors with the platform. I don't email them for issues when I can call them almost everday of the week and speak to a real person. Better yet, I can chat with them very promptly given certain market hours and you can even request that particular person to call you immediately. I trade millions of dollars in notational volume every month and still, no problems.

I can tell most these people their problems.. If your scalping, your wasting your time and your going to lose. If your trading the news, prices gap and you can't get in on the pairs as it happens and it's a terrible idea anyway. If your trading with a micro account, you obviously shouldn't be trading forex anyway... Is a few dollars really worth your time or even a brokers? Forex is not a hobby and isn't for the weak minded.

Given my experience with FXCM, I find them to be exceptional. Their spreads are generally low(given at least a standard account). All my orders are executed almost instantly. Customer service good, but can improve. Love their mobile platform. Best of all, THEY PAY! Everytime. I request funds and the transaction is completed usually less than a day.

I highly recommend new traders stay away from forex and try the equities market first. I give FXCM 4 stars because they can improve like everyone. These allegations are bogus and this is where you'll find those 95% you hear about. If anyone would of had a problem with FXCM, it would have been me, considering the amount of trading I've done with them.

Jason, Forexrealm 04/28/2010

(1) (2)

I have been trading with FXCM for several months now.

I havent had a problem yet. I have yet to wait more than 2 minutes with costumer service either.

Bottom line is it is a good broker, it just comes down to whether you now how to trade or not.

Anyway i am switching to their mt4 platform today, i will update this after some thorough analysis.

Justin, FPA 03/28/2010

(0) (1)

My experience with FXCM has been, overall, very favorable. I have been a client since mid-2006, beginning with a small $300 investment as a micro/mini-trader. Trading almost daily on a part-time basis in the evenings and early mornings (PST and Hawaii Time), I have finally reached the point where I am ready to quit my "real" day job and trade full-time.

Having surfed and studied other broker sites from time to time, I feel overall that FXCM's educational and news sources are exceptional.

Their customer service? I was once refunded in full for a $1,000 loss with a simple phone call to customer service,after a spike on non-farm payroll morning, when my stop was overrun (looking back, I realize I should have never made the trade in the first place). Otherwise, my calls to customer service are generally answered within 10 seconds to one minute, and the one time out of many when my withdrawal request was not honored within 1-3 business days, two e-mails and a phone call settled the problem without any trouble.

I too have had trouble with slippage issues with FXCM during volatile news release periods, but I am willing to accept this in exchange for their exceptional reserves and comparatively broad menu of services. In sum, I have successfully ,worked for a number of employers over the past 30 years, including within the public and private sector, small businesses and Fortune 500 companies alike, and I have found the relationship I have with FXCM to be superior than with the great majority of these other employers, in terms of reliability, adaptability, and opportunity.

Mike, Forexrealm 03/27/2010

(1) (2)

I'm an early-intermediate trader when it comes to forex. Played with FXCM demo, now first day with live account. I used Forex.com before. FXCM resources are much more comprehensive, and I'm happy with the service at this point.

I had no issues trading today even during news events.

I love their charting software (was using MT4 which sucks in comparison, and I'm not interested an EA at this time).

Stops were properly executed.

Courteous service helping me get account setup.

All around I hope this continues because not having to worry about broker issues makes it more fun to trade. Not sure if the no dealing desk is fully truthful, but I was on a dealing desk before and did ok (as a novice), so either way I think I'll be good. I'm recommending this broker. I'll check in again every few months with experiences.

Franz Zemen 03/10/2010

(0) (0)

I've been trading a micro account with FXCM for nearly a year and they are the only broker I have ever used.

Service is better when the market is quiet, however, when volume heats up I notice a number of different issues including slippage and slow execution. I don't know if they are hunting for my stops, but I hardly doubt they would care about my 10K positions.

My biggest concern is the outages and the slow loading of the charts at times. Customer service is good and friendly. I'm looking into a few other brokers now thanks to the information gained on this site.

Mike, FPA 03/06/2010

(0) (2)

I believe FXCM is simply the best broker on the market. I have tried a few others on this list also, ease of use, FXCM in my opinion beat the ones that I did test.

truementor, goforex 03/05/2010

(0) (0)

I also have used FXCM since I started with Forex.

I have lost money, but it is not because the company is a scam, it's because I will admit that I am a noob and suck at trading.

Their customer support is always friendly and helpful, even when you're only dealing with hundreds of dollars.

Their trading platform is also awesome for being completely free. I will say that I'm disappointed with the removal of Stop-Loss, etc... But they can't help that. It's the regulators' fault.

CD, Forexrealm 03/03/2010

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I am a professional trader and I also advise over 1,000 other traders with entry exit orders. I am actually shocked and surprised to read most of these posts about FXCM.

Please email me specific details of the problems you have had jtbredeson@yahoo.com

I do not endorse any trading house but I personally use FXCM for the accounts I trade and over 95% of my readers are using FXCM or ForEX.com

I have never heard a single complaint from anyone about either of the companies. If there is a real problem I would seriously like to know about it.

Thanks
Jim

Jim Bredeson, forexrealm 02/21/2010

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I've been using FXCM Trading Station platform for several months now. I have been overall pleased with the service and delighted with the spreads. For the times I trade, spread on eurusd is never more than 1.8 pips.

Only had one instance where the server went down and was unable to trade for several hours. I was surprised that they weren't back up and running in a few minutes. My understanding is that they were willing to work with people that had open positions at the time.

I was concerned after that, but figured they would probably work pretty hard to make sure that didn't happen twice so I'm still with them. Plus, spreads on the Trading Station are half or less than I was getting from some other good brokers on MT4.

I do most of my charting on various brokers demo MT4 platforms and then enter my trades on the T.S.

I wanted to write this review because I've been with several brokers and have never had the kinds of problems I see people writing about here. If you pick a large, reputable broker, ask some experienced traders who they trust with their money, and make sure you understand the details of the agreement you are getting into - it seems like you stand a good chance of finding a good broker.

I see the term "bucket shop" thrown around in a lot of reviews. Really? Someone wins a few trades, then loses a few and all the sudden the broker is hunting their stops. They are suddenly targeting you? Legitimate brokers don't have to target anyone, especially small fry like most of us. They make money on the spread and they look at the same charts we do. They know what most of us are thinking when we look at those charts and they respond accordingly. If your broker is taking the other side of the trade, you should know that when you sign up and plan your trades accordingly. Making money at forex is hard work. It's a zero sum game and if you can't man-up and accept responsibility for yourself you'll never make it trading.

John, FPA 02/20/2010

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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 02/16/2010

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I do not have any problems with FXCM service at all. I have reviewed some negative comments about FXCM. I am not really concerned because I am in Gold Level Active Level with large funds in that account.

I would never want to use MT4.

I usually got very good filled as well as I did place market orders or stop orders I sometimes get some slippage due to volatile and reactions from market news and economy release etc. I am getting very tight spread from fxcm in active trader level for example for EURUSD .7, GBPUSD 1.2 GBPJPY 2.4-3.5 pips EURJPY 1.2-1.6 USDJPY .5 to .9 etc These are major pairs that I usually trade and will not want to trade with large spread which it has low volume.

Again, for anyone who want to use FXCM and make sure you are experienced, have large capital, and your own strategies or methodologies indicators whatever you use then FXCM wil work fine with yours. I prefers to use strategy runner and have been using it for about 7 years. I have been with FXCM almost 9 months.

I wish you best wisdom trading your own money and be smart trader!

M. Perlman, FPA 02/02/2010

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I opened an account with this broker last week and I was quite sceptical about it after reading some of the reviews on here, basically I am delighted I opened an account with this broker and hope things stay this good, not one requote in about 40 trades excellent execution, the pip spread is excellent in comparison to some other brokers and speaking of other brokers I have had accounts with some bucket shop robbers (avafx,forex metal) try these if you want requotes slippage etc.

Overall I am very happy with fxcm and hope to have a lasting profitable relationship with them.

Leo, FPA 01/29/2010

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I traded in FXCM before and i have no problem with them. their online support is good. Im planning to open again with a new account.

ermer magbanua 12/16/2009

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I have been using FXCM for 6 months now, began my demo account with them then opened a live. Overall I don't have any significant problem with them

Zoli, FPA 12/12/2009

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I am very pleased with them, trading for several years now. I will stay with them. I rated 4 because there is always room for improvement: news feeds, contingent orders.

bcfx, goforex 12/11/2009

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Not for MT4 that is certain

These guys really know their stuff, they are professional courteous and go out of their way to help which is why I give them three stars since that side of things is fantastic.

Now, on to the trading platform, if you are using MT4 this broker is not for you! They have their own FXCM platform for performing manual trading but the MT4 is through a third party called Boston Technologies and it is horrible.

During the demo everything looks fine and my trades were substantially profitable. However, once you go live the actual hops involved go back and forth between Boston Technology and FXCM servers which introduces major slippage, delays, odd errors ( what is an off quote?) and just overall horrible performance.

Several pending order trades along with sls and tps were executed in areas now where near the price level they should have or so it appeared on MT4. The whole experience is just totally chaotic once you go from demo to live.

Their FXCM platform might be great but I mix ea and manual trades and most eas will be killed by slippage and overall bizarreness on their MT4 platform.

Sam, FPA 11/25/2009

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I just closed my fxcm account because they are a bunch of crooks. If you have multiple positions open the platform will give u hell to close out your profitable positions. They tell u plainly however yhat your interest in trading is at odds with theirs, which means to me, " you are trying to make money, we are trying to take your money." Not a penny more of mine!

Lee, forexpeacearmy.com 11/22/2009

(1) (4)

I had a 30K account with them and was happy for several months until they moved all their Metatrader 4 to the UK and forced me to go to the BostonTech Bridged MT4. From there it went downhill and BostonTech is buggy as heck, and I would have to call them every other day to complain about trades that either didn't close in time (1 trade was 9 minutes late after hitting T/P) or they would give me a situation that was beyond their control. I had a trade that I had T/P at 30 pips, and it never closed on the EUR/USD, and two minutes later it was up about 70pips, and I tried manually closing it, and simply wouldn't close. The trade then automatically closed me with only 18pips!! I was outraged, and called them and they compensated me about 45 pips in return. Their services are good, but I suggest you to avoid their MT4 with Bostontech if you are doing high volumn until they fix all their problems.

JT, goforex.net 11/22/2009

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I have 125 live trades with FXCM and IBFX. FXCM quickly executes the orders for a few pips commission and the industry quickly executes you. Forex is a corrupt manipulated unregulated industry of people controlling and living off your money, including all the "trader" liars selling robots and other crap.

Jim, FPA 11/22/2009

(3) (3)

So far, 3 uneventful (no problems with platform or feed) trading weeks gone by. I have not experienced any platform "freezing" at anytime,so far. I actually saw GBP/USD at a negative spread twice. I did notice some Posters have opinions about how I should trade or record experiences. Maybe they should contact JasonRogers and request their own test? This isnt a science experiment using Imperical data. This is ex-client testing their CURRENT Micro account trading environment to compare with past environment. My past experience was not good. No serious complaints with current Micro environment so far

8fingers, forexfactory.com 11/01/2009

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I have been using FXCM for over a year now and have had no problems at all.

They allways pay, have good spreads. I usually just trade either eur/usd or gbp/usd, and never had a spread higher than 3 pip.

If I was going to say something negative is that the trading software is requires a bit of power from the computer, and tends to hang a bit if you have a slow prosessor. But this is a typical problem I have had on my old computer with any system e.g metatrader, fxnet and others.

So if your going to have your computer on studying the market, get a good computer and a good internet connection.

And the most st*pid thing I have ever read is that the broker makes more money if you lose? The broker isn't making any money on losing trades, it's just losing the money you deposited and traded on Bad trades! the only thing they make money on is the pip spread + interest on bad trades. but if your trade is a winner you get interest on the good trades.

That is one of the main reasons I use fxcm, because they give people a fair deal.

Jan Hansen, Forexrealm 10/30/2009

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So what's up then with the criticism on FXCM's execution in some other reviews?

Actually, the only time that execution can be slow at FXCM is during news events (i.e. just before or just after an important financial announcement). One should, however, not blame the broker for the reduced execution speeds during such events because it is a natural thing that will occur at any broker. The reason for this is that the market becomes extremely volatile around major announcements and a huge number of orders is placed in a very short period of time since a lot of traders out there like to trade on news. This results in possible slippage since your orders cannot always be filled as you planned under conditions of extreme volatility. As said, this can hardly be called a FXCM problem and it is more a general market issue. We would like to stress the fact there are much more strategies available then news trading so a good option could be to avoid news trading altogether (also because it is very risky).

forextradingpal.com 09/27/2009

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ECN broker through BT bridge. Often serious slippage, delayed trades, system outages.

Worst performing broker for EA's that I've experienced.

Closing account and moving elsewhere

Doug West, FPA 09/27/2009

(1) (3)

I love their trading platform .

As for making money. Early on in my forex career, I overleveraged my account which resulted in several margin calls. I learned my lesson and now trade a small % of my balance. I prefer to enter and exit quickly, but if I have to leave the trade open, I feel confident, I can leave my computer and let it do it's thing

At least until you've proven to yourself that you consistently make small amounts of money trading at very low leverage, DO NOT TRADE at high leverage. Start with very LOW leverage and come up slowly. Really slowly. If you are trading at low leverage with proper account management AND you enter a trend, there's no reason to sit in front of your computer. Let the trading platform do it's work and go about your daily

Wesley, Forexrealm 09/14/2009

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I deposited $5K with the intent to use them. They seemed very customer service oriented. However they made many mistakes in opening my account. So I decided not to use them and requested my money returned.

They responded after one week that the money could take up to 30 days. It was considered a bounceback due to the inactivity in my account.

Please provide suggestions to force them to return faster.

FXCM Scalped, FPA 09/10/2009

(2) (3)

Here's a professional reasoning. Try taking it down, see if you can.

1. If FXCM is a scam, why don't you file a complaint with NFA?
2. If FXCM scam so many times, what on earth is the NFA doing listing them?
3. If FXCM scam, why so many people use them?

John, Forexrealm.com 09/06/2009

(3) (0)

I've been trading with FXCM for about two months now. They have been very good with answering my questions. Trades executed well with no noticeable slippage. Their response to executing withdrawls has been great, I recieve my checks within a week or so by mail. I generally don't use market orders but limit orders to enter a trade so my trading techniques differ from most of the posts here. The spreads are acceptable considering the cost per round-turn on commisioned based trading. Most of the people posting here are just venting their emotions. Some trade planning in advance may prove helpful especially on when to enter a market.

RJD, Forexrealm.com 08/25/2009

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I have been demo trading forex for 8 month, and live trading for 5-6 months. I have used 4 brokers FXDD, IBFX, GFT and recently FXCM Liquidity feed UK based. I have a very important announcement regarding SERIOUS issues with FXCM last Friday 31st. I experienced the WORST execution possible of the like i have NEVER seen, and I have potentially lost $1300 due to having NO CONTROL WHATSOEVER of my trades for seceral hours.

I have asked for my balance to be restored at breakeven level, and I still have not had a satisfactory response.

Thomas Paul, FPA 08/25/2009

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I deposited 100 dollars to test with this fxcm. I have experience trading the forex for almost 15 yrs. I tested their platform and it worked good. I turned 100 dollars into 994 dollars in 4 hours.

Next day when i traded, it just started to drop and drop and drop more. Margin calls were hit, spikes out of nowhere. I used my other broker and it was going 4-3-8-10 pips with fxcm it was 20-30-10-4-2-40 pips at once.

Beware traders from this broker.

FXCM Micro, Forexrealm.com 08/25/2009

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This is one of the worst Broker that I have ever experience. I was using the MT 4 platform, and I just close my account. They have slippage (surprise surprise), unexecuted trade, no connection problem, and RUDE customer service.

tidra650, FPA 08/25/2009

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fxcm.com is a frigging scam. Especially for scalper... forget scalping if you intend to use fxcm.com. Yes, it's good if you stay in your trade for a week or so b/c you won't feel the "slippage" of 10 pips or so... Oh, when you complain them about it they'll blame it on your bad Internet connection.... this slippage is NEVER ever in your favor. It's always in their favor... they will enter you in trade 2 to 3 pips against your trade and when you come out they will again take out 2 to three pips... so forget about 1 to 2 pips spread that they advertise... it's actually never below 6 to 8 pips and I'm talking EUR/USD... if you trade some odd pairs then forget about it... it's redonkyless... time to find new broker... bye bye FXCM.com

Nas, Forexrealm.com 08/25/2009

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I read some of these reviews and wonder!!! Some people are upset about 5 or 10 pip slippage, how about 72 pip slippage, yes my stop limit was not executed. So I lost about $800 in one trade(100k) standard order. called them and they say there is nothing they can do case it closed. So is my account I am going somewhere else.

Armond, FPA 08/25/2009

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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.

Neil, forexrealm.com 08/25/2009

(1) (0)

I opened an fxcm micro account and I made good money for nine consecutive days. I then decided to trade on busy Friday after release of jobs data.

Big Mistake! My trades were locked consistently at large losses. They finally closed me out with a huge loss of $1400 when a margin call was issued although there was still money in the account. The pound traded down to 166.50 for about 4 seconds and recovered to 166.90 in less than 1 minute after they had cleaned out my account.

This is their favorite method of stealing money from your account. Beware! Do not trade large positions or on very busy days when they have an excuse to lock your trades and issue margin calls. They will ROB you and take your money!

Joe Benson, FPA 08/25/2009

(1) (0)

FXCM a scam broker? that's just plain stupid, and people who have lost money through no ones fault but their own are the most bitter folk you are ever likely to meet.

If you want to know about this company go and talk to them, I've found them to be very professional, open and informative. I have been invited to their offices in Paris (I live in France), offered free seminars with guest speakers, if your a newbie their online starter course is incredible value with tutor back-up 24hrs a day.

Ric, forexrealm.com 08/25/2009

(2) (2)

No Dealing Desk?? sometimes possibly. Have had an account for a few years with FXCM. last six months have traded Asian session a couple times and after entering the market watched the spread to go up to 10 or more on the GBP/USD. Recently, had a spread of 8 but was in 10 pips of profit (standard account) set a stop at break even and stepped away for about 2 min. came back and was closed out @ -15 pips. MY charts showed no more then 1 pip movement (dialed it down to a 1 min chart). Their excuse was that the stop order was hit and the order slipped 15 pips due to low liquidity at that time of day. (11:00PM ET) Again... No Dealing Desk? mmmmmm.

ForexXPP, goforex.net 08/01/2009

(1) (1)

They have live interactive webinars every day and if you did not caugth it one day you can just go to the archives an watch the recordings.

You now also have the oppurtunity to correspond directly with their instructors.

I could go on and on. The aparatus is huge with a lot of opportunities. You get what they say you get. And the the new Trading Station II works very fine. Just a couple of bugs since I joined them in February 2009, but it has never affected my trading.

Highly reccomendable.

Lars K, forexpeacearmy.com 08/01/2009

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Well, I already opened an account with FXCM using their MT4 platform through Boston Technologies.

The hard fact is that I would consider it the worst of the worst I ve ever tested & tried in my forex trading experience. The problems started just a week after fine & smooth trading with them. Problems I encountered were from system freezing while trading and when I am in a trade, deleting stop loses, and deleting pending orders.

b koori, forexfxctory.com 08/01/2009

(0) (3)

open a micro account with $200.Made over $2000 in 2 weeks. Then they started closing my trade with margin calls. Eventually my account was wiped out. Be careful with this company.

benson, forexpeacearmy 08/01/2009

(1) (2)

I have been using the Boston bridge to FXCM for scalping for months and I would say its the best solution I have found!!

I have been trading Forex for over 4 years have tried MM brokers,ECN etc.. by far Boston Bridge gives me the best solution to trade the market.

Execution is excellent within split second and fills are great!! I would say try it you will love it!! Months of testing for me is all the proof I need to tell you all!!

IT'S GREAT!!!

jshear 08/01/2009

(2) (0)

I opened a "Forex System Selector" account with an initial deposit of $2500. I selected their best system and within a month the account was depleted.

Client beware.

Alex Solo, forexpeacearmy.com 08/01/2009

(1) (1)

I am a professional trader, I lost money with this FXCM-Boston Technologies not because I don’t know how to trade, and they just offer no fair game to trade. Dealing Desk Brokers don’t even do things they are doing. And about the fills, don’t even mention that,

THEY ARE THE WORST EVER SEEN, the worst dealing desk broker would offer much better fills than them. I have the proof by the way.

Fr.Manner, FPA 08/01/2009

(0) (1)

Wide spreads, always pricing away 2-3 pips more expensive than other brokers. Lets not forget this is the daughter of the late Refco !

The company that got more than 300 regulatory actions from NFA & CFTC.

Waltec, Goforex.net 08/01/2009

(0) (1)

I have been testing FXCM Mt4 demo for almost a month and i cannot complain. It seems as if broker bitching will never die. When you lose money the broker gets flamed and all sorts of excuses and broker mishaps are thrown at the broker. But when you win some trades you seem to be happy.

My opinion: If you do not know the market and you do not know how brokers operate, then stop complaining and start learning about these things.

Cobra, forexfactory.com 08/01/2009

(0) (1)

Losing money start moving me to NDD. Suspect lot of SL Hunting activities. Spreads for USD/GBP, USD/NZD are very high.

JT, Goforex.net 08/01/2009

(1) (0)

Their micro account is terrible. I am not allow to use limit orders between the bid and ask or anywhere close to the current price.

I am learning to trade with their $25 micro promotion. I am doing fine with it. They're preventing my use of legitimate limit order near the current price convinced not to open a regular account with them or add my own funds to the micro account

Hippie, forexpeacearmy.com 08/01/2009

(0) (1)

I went live with fxcm uk for two weeks. I like:

-order opening is good, just opened at market price, no requote
-customer service is good

But there are few things I am very surprised. I traded with fxcm using their trade station II two years ago, order opening and closing were very good, order with tp level set got executed at that exact tp price. now I am using mt4, very rarely I got my tp price, sometimes I got more than tp price sometimes I got less.

NGSon, forexfactory.com 08/01/2009

(0) (0)

FXCM is in free fall.

They lost service of news of ThomsomReuters and placed the free one that can be obtained in any place of Internet.

Bad symptom that can show serious problems.

Great loss of quality to the detriment of the clients.

A serious company must not take benefits from clients. Maybe could not pay a news service.

Get out of there

Oriana, FPA 08/01/2009

(0) (0)

These guys slip you like crazy, and their MT4 paltform is buggy, so buggy that the price moves past your stop and it still doesn't stop it out for a few minutes - and this is during non news time.

During news, good luck, my stop wasn't guaranteed and was filled at the worst possible price.

Other times, your closing price on MT4 is not guaranteed, as it actually checks the price on their FXCM platform, so what you see, is not what you get!!!

This is an example of a failed MT4 implementation.

Anon, forexpeacearmy.com 08/01/2009

(0) (2)

If you want to scalp, then the active trader platform is ideal for scalpers. You're paying a commission instead of a spread mark-up on each currency pair, and you also have access to level II type market depth to see the amount of liquidity being offered by the banks.

FXCM rewards high volume traders through the active trader platform since we're making money based on trading volume, and scalpers are generally higher volume traders. FIX api for is available for active trader as well.

J. Rogers, forexfactory.com 08/01/2009

(0) (0)

I have traded for about 6 months with FXCM on their micro account and have been very satisfied. I know their history was very tarnished in the past but with the new change in managment a while back they really are an excellent place to trade. I generally have no problems and their response is excellent.

Currently I am having an EA written through the service they provide. Brian Hineman has been great to work with and when I found a few flaws he was quick in response and eager to find resolution. I would highly recommend their EA programming services to anyone. Thanks Brian for all your help recently, your efforts and professionalism instills a great deal of confindence

R.Roberts, forexpeacearmy.com 08/01/2009

(1) (0)

After a month of trading with fxcm mt4, I have to give up.

Too much and too many slippage. Order excution time vary from 1 to 15 seconds. When my order took 8 seconds to filled, I called fxcm support and I was told that it is normal for fxcm mt4 to fill order within 10 seconds!!!

The staff there also explained to me that bt mt4 works like a bridge to their trade station. so under mt4, order from mt4 --> trade station --> market --> trade station --> report back to mt4, so there is an extra time for a round trip between mt4 and trade station (in trade station, order goes directly to market). I felt like a second class client by using mt4

So with 10 seconds order excution is acceptable under mt4, I decided to give up.

Nong, forexfactory 08/01/2009

(0) (2)

This is not a terrible broker, but I think I expected more from them especially as they charge a commission.

I found it ridiculous that GBP/CAD could widen as much as 80-100 pips. Nice that there was possibility to move to their UK office to hedge. I have not given up hope on them yet, but I have also opened a live account with a Swiss broker that so far has proved to have far tighter spreads where FXCM would quickly widen.

Cabot, FPA 08/01/2009

(0) (1)

The NO Requotes claim by FXCM is just a sham.

When the market is moving fast you get NO Requotes but also NO FILL !!!

PipStar, forexfactory.com 08/01/2009

(0) (2)

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 07/27/2009

(0) (0)

I completely disagree with all the other "scam" ratings.

They offer great educational tools and have superb customer service.

I have never been closed out of a trade--either winning or losing--against my will.

Richard, forexrealm 05/17/2009

(0) (1)

I posted this same message on all three boards for FXCM, Oanda, and Forex.com as it relates to all three.

I trade two services and make my living full time with FX. These ratings are now useless. They are filled by people who lost their *ss with st*pid trades and can't accept that.

I use FXCM and Oanda. But my two friends who also trade full time use Forex.Com

I have personally taken 300K out of FXCM over the last 6 months in profit. Thats net withdrawels. These three services are not scams. They make a lot of money on the spread and interest and its to their advantage for you to make money and make more trades. Remember, when you make money, they hope its from other services and leads to more trades. I have other 1400 trades on the sites. I looked at my spread and commisions (FXCM has a commision for gold members, but ultra low spreads), it was over 30K last year. No wonder they like me. But my profit was over 500K.

It's not a scam and not impossible, but its a full time job for me. I spend 12 hrs per day 6 days per week studying. I read every paper in the world and spend hours on my charts.

So ignore these fools. But treat it as a job and do your homework. If you treat it like Vegas, then you will lose just like Vegas. This is my career. No different than being an banker, doctor or lawyer. I get paid very well, but I have lots of stress, many sleepless nights trading the London market and days where I lose 10-20K. But the days I make 20-50K, they make up for it. From what I see, FX trading is very binary. Either you can do it or you can't. So most either lose their money or make a ton of it. Luckily, I fall into the latter.

S Dalton, Forexrealm 04/26/2009

(0) (1)

The spreads are very good. I trade the EUR/JPY usually around 1.2 pips on the micro account.

Generally good reaction from the platform except after news. After news, the system may in fact lock you out as has been reported on this board.

I did not have this problem at forex^com but I dont like their spreads as much. Forex^com also had the advantage of a wireless trading protocol which FXCM does not have.

Mark, Forexrealm 03/28/2009

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