I first traded forex with FXCM. After couple of months, I decided to find better brokers. Because FXCM has terrible execution, especially during news release. As big as FXCM is as a retail FX broker, it is ashamed that its trading platform is just so mediocre. A forex trader has enough to deal with that he/she really does not need to worry about poor platform execution or calling in to deal with the dealing desk. I suggest newbies to forget about FXCM and go find a better broker.
I have tried several FX brokers. So far, OANDA is the best. OANDA gives the highest flexibility on contract size suitable for novice and experienced traders. Also, OANDA allows trading of gold and silver. Besides, you also get paid with 4.8% of interest for your account balance.
FXCM has put my account on manual trading after I started trading news profitably.
Not only that, now I'm observing that the manual entry is always disadvantaged by 2 PIPs (thus taking the standard spread on GBPUSD from 5 PIPs to 7 PIPs).
Also, FXCM does not allow me to close the trade at market price if price is moving against them. I get 'Data not found', 'Waiting for dealer', 'Your order didn't execute 'cause price moved' kind of messages, though the FXCM platform keeps on showing the same price..
No point in talking w reps as they've cookie-cutter responses. I was thinking of starting a large account with FXCM, but not now...
If you are new and are trading volatile times, stay away from FXCM
They intervene customers orders thru dealing desk,
The platform is ok BUT THEY A VERY LIMIT AMOUNT OF ORDERS. They don't even have a trailing order!!
There a much better brokers out there.
SWISS, SWISS, SWISS.
Three great reasons why ACM is better than the others!
Ok platform but with the best spreads around.
I got ACM recomended by a friend of mine who is a professional trader.
I opened a small account with them and they have been very good so far. Good service. Good helpline. Good spread prices (the best in the market) ans still guarentee the fills in all markets.
I recomend it.
bad guys! tha platform freeze for 1hour in the news.
Total rubish. S L I P P A G E !!!
I have to say I don't like oanda.
I don't understand the half pip policy, when there is no such thing. They don't have most of important tools such as trailing stops, OCO's etc. And I'm not even going to mention the famous slippage.
stp? yeah right. how about getting slipped 20 pips. how about closing a trade by phone on a friday and the position is still open on sunday.
Got slipped often. Also in the middle of a news after I was already in they shut the server off. Call several times it was busy called again it then rang and rang I then called again and they answered and then hung up. loss alot by the time I got out. If they would have answered the phone I would have gotten out in the money.
I got tired of being slipped too many times. They dont want you too win.
Oanda is simply the best they only need to increase leverage and to 100:1 and add trailing stops
It’s a good choice for someone who wants to benefit from the “no gain tax” policy the Swiss law allows.
Only broker that ALWAYS guarantees the orders!!!They are currently the top broker.
by far the worst...!
Platform is user un-friendly....
Spread is bit bigger.
They make money when u lose
I get good exuction and the customer service is good.
LOL they charge 5$ per standard lot in flat commissions. Whoever trades here is freaking noob, what a joke how can they be 12th?
I agree with profxtrader,
It's amazing how Oanda puts its staff doing bias comments.
Oanda IS NOT #1 and that's a fact!
PLATFORM IS FAST AND THE ONLY ONES GUARANTEEING EXECUTION ON STOP/LIMIT ORDERS !!!!
I CHOSE THEM AND NOW I TRADE WITH THEM & NEVER HAD ANY PROBLEMS...
I recommend this broker.
Course Oanda is #1!
It,s look like they are Korian.
Who worked with them?
I want try IFX-is it good broker?
Not the best -but good.
They are too big and have no attention to a small client.
They are really good!
I like it service.
The platform is good- but look
INFX or Oanda.
Not the best- but very good.
The best is Oanda.
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