FXCM Reviews & Comments 2019 - Page 3



FXCM screws big time when it comes to news trading. Slippage is huge, even though you see the price at your entry, FXCM will execute way beyond your entry. They will say the price gapped, however when you scrutinize the price there wouldn't be any gap!

Jordan   25 March, 2007  

Here it is, I am an IB for FXCM. One of my clients went from 20K to 108K. He wanted to make a withdrawal last week... hold onto your seats this is big... they told him: " O sorry sir the money you made was actually made on false prices, these transactions are not valid". All the money he made is nill. Of course lawyers are coming into play but you know how it is, the contract the contract... When you make money with a Market Maker you still dont make it but when you lose it you really lose it!!!! I am extremely shocked by this news and want to share it with you all and will tell this tale everywhere I can. I will move over to an real broker with my remaining clients. In any case stay away from market makers especially if you are an IB who knows your clients personnally... ouch

Keith Nemitz   20 March, 2007  

"the truth" is right

Ahmed   19 March, 2007  

YOU WILL NEVER KNOW WHAT YOUR ENTRY RATE IS BECAUSE THE ASK RATE MOVES SO FAST. YOULL SEE 5 PIPS ONE SECOND AND 9 THE NEXT...PLATFORM LOOKS LIKE AN ATARI VIDEO GAME

the truth   19 March, 2007  

Take a look at NFA's official website...type in the firm's name...bad biz!!!

Ken   4 March, 2007  

Tryed not bad.

forextramp   19 February, 2007  

Fxcm is "OK" but there open desk Platform is CRAP half the time euro is ticking at 4 pip spread its CRAP CRAP CRAP .

Other than that fxcm is pretty good if you are tradeing a few thousand dollars . I would definally go with someone else if your a more serious trader tradeing larger amounts of money . There are way better brokers with tighter spreads out there.


DONT COMPLAIN if you want to complain TRY GCI Trading there CRAP !

MountainJew   12 February, 2007  

you're all a bunch of loonies. Get a life and start trading stocks-options

stock jock   5 February, 2007  

show me better company

jon   4 February, 2007  

They SUCK - they seem real professional upfront, but they pull every trick in the book, I'm not kidding open a demo & you'll make $$ open a real account and you'll be broke with-in 100 trades!

taj   31 January, 2007  

They SUCK - they seem real professional upfront, but they pull every trick in the book, I'm not kidding open a demo & you'll make $$ open a real account and you'll be broke with-in 100 trades!

taj   31 January, 2007  

They SUCK - they seem real professional upfront, but they pull every trick in the book, I'm not kidding open a demo & you'll make $$ open a real account and you'll be broke with-in 100 trades!

taj   31 January, 2007  

\"If you all are looking for a broker that doesnt do all the bad things that FXCM does and has fixed, tighter and fair market spreads... go to IFX Markets and ask for Jacob.\" Sounds like an ad for IFX. What a way to promote business. First of all FXCM has the No Dealing Desk option, in addition to the dealing desk option, in addition to the Currenex platform. I can even switch between them if I want and no one will bother me.

Zak McKracken   30 January, 2007  

Great customer service, perhaps good for a beginner. But for serious traders there's a lot left to be desired.

Andrei   22 January, 2007  

Go to FXCM for good service!

Nick   15 December, 2006  

If you all are looking for a broker that doesnt do all the bad things that FXCM does and has fixed, tighter and fair market spreads... go to IFX Markets and ask for Jacob.

FXPRO   4 December, 2006  

I have been with FXCM for a while now. I stay with them for 2 reasons, rollover rates and customer service. I have experienced slippage, but during news, which the equity market taught me is more than normal, and not as much slippage as I experienced at forex.com, which by the way happens at the most ridiculous times. Anyway, FXCM has my business, and I really dont see anyone taking it away.

Fabrizio   28 November, 2006  

Agree with T/G

Doug   27 November, 2006  

FXCM has several platforms for news traders. If you ask them for PropFX you can get a tighter spread. They also have a no dealing desk platform for trading on news. Don't complain, use the right platform.

T/G   23 October, 2006  

FXCM try to be all things to all men but don't seem to realise that a Company needs to focus on its strengths and build on these to gain competitive advantage. Their biggest failing is that they spike prices during volatile market times while maintaining a fixed spread. Barely credible! They don't act in the interests of their clients and are apparently crap in terms of relationships with their IBs. I am now of the opinion that smaller IBs are the way forward for new traders, so long as they don't charge any commission, as they act in the interests of a smaller client base and a cleint can benefit more from them. Brokerage firms are two a penny but strong customer relationship policies are not.

Sebastian   2 October, 2006  

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.

clemt   16 September, 2006  

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

Maratha   12 September, 2006  

They intervene customers orders thru dealing desk,

choud2403   9 September, 2006  

bad guys! tha platform freeze for 1hour in the news.

stey away

hyng wanng   6 September, 2006  

Simply...Market Makers...

George   3 August, 2006  

total crap I agree buddy, I actually hate this broker now more than anything else

profxtrader   31 July, 2006  

This is site is very slow to respond to email and service seams very one sided at times, service may be good 9 times but it is the tenth time that hurts you

Mr Forex   24 June, 2006  

FXCM
FXCM

The FXCM group of companies (FXCM Group) is a leading provider of online foreign exchange (forex) trading, CFD trading, spread betting and related services. FXCM is committed to offering a diverse suite of innovative trading tools, market news, and education to the trading community....

Regulation: FCA, ASIC, SFC, CONSOB, BaFin, ACP

FXCM trading information


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