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FXCM Reviews and Comments – Page 3

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Don't trust FXCM. I had an account with them that I funded by credit card without any trouble. I did O.K. but when I needed to make a further deposit so as to avoid a margin a call I was unable to so due to a deficiency in the payments platform. FXCM neither answered emails or phones calls and because of the time/day I wasn't able to wire it. Of course they closed the account out and the next day it would have been in profit. I thought about why a company would risk its good name by being so cavalier and then I noticed how much advertising they do. They've only got to open a couple of thousand clients a week and screw half of them and they're doing very nicely. I wish I had come upon this site before I came upon FXCM. Be warned - stay away from FXCM.
  9 Apr 2009  

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You guys need to know why FXCM does it. FXCM is the remains of REFCO who had a small share of ACM years ago. When REFCO went under ACM bought back their shares. This has to be the reason, ACM where big enough to be able to get themselves detached from the sinking REFCO ship which re-formed as FXCM with the debris. They must still have a bitter taste in their mouths! BTW, Forex Peace Army really are scam artists. The FBI did arrest 40 or so of his employees in connection with a probe into securities and currency fraud. This was all reported on CNN. As for a connection between FXCM and that idiot Felix, I politely think you are well mistaken.
  26 Mar 2009  

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The exact same thing happens to me when I comparing the same! FXCM person called Gavin tell me look at FPA. All is lies there, I read later that FPA Russian owner get his office raided by FBI in NY, that he has connection with FXCM. I open with ACM, later I write good post for ACM on FPA, it never placed on review page, I send it 2 times! Keep away form unprofesional brokers and FPA.
  26 Mar 2009  

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I was trying out 2 different brokers to see which had best platform and service. One was FXCM and the other ACM. Obviously they both contacted me seconds after I registered. When I told them both that I was trying another, ACM did not even bother to ask me who. I was surprised! after a couple of weeks of demoing with both I asked the ACM guy why he did not ask who else I was trying out? He told me that it did not matter as he believed that after comparing them I would go to ACM, that he felt comfortable enough that his broker offered the best all round conditions. FXCM , on finding out I also opened with ACM, immediately told me that they were bad, he sent me the link to the Forex Peace Army who I have since found out are the biggest scamming, unprofessional, lying sobs, I have even read that there may even be a connection between them and FXCM. FXCM should be fined for unfair and unprofessional conduct. Obviously I never went with FXCM, also 'cos their platform sux big time!
  26 Mar 2009  

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I translate my standard account to micro, you can fund it with 25$ but minimum wire is 1000$ now. This not give sufficient flexibility to me and I will not send funds to this company.<br />
The only withdrawal method for international customers is wire(1000$ minimum too?).<br />
All withdrawal requests are subject to review. FXCM Micro reserves the right to return funds to its original funding source.<br />
I am still looking for a great broker of forex.

  22 Mar 2009  

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Only 1 thing! You&#39;ve forgot to write &quot;IN MY HUMBLE OPINION&quot;!
  15 Dec 2008  

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This site itself seems to be the problem . The posts by traders for this particular broker are nearly 100% negative , but this site places the broker to be at no 1 . So this is not a rating site this is a subtle advertising site for the brokers themselves. Read what traders have to say about FXCM at a proper forum like Forex TSD
  14 Dec 2008  

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Welcome a place of Institute of Learning.They will treat you like a student and provide you a knowlegde about what is Forex.The more you stay with them the longer your money will spend.
If you really serious in Forex and have a guts..Then go for other alternative..Remember..Don't be those 90% Forex Investors loser but be a Forex TOP DOGS (10 %) winning.

  4 Jul 2008  

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STAY AWAY from FXCM's managed accounts. Had the accounts trading the Sentiment and Sentiment Aggressive Funds. After spectacular performance in 2007, both funds began to tank December 1, 2007 and are down 6.4% and 16.3% respectively so far this year. Their updated monthly performance webinars reveal a company in complete denial about their own strategy and proprietary trading methods, which clearly don't work. Naturally, FXCM is pushing two new funds. Look elsewhere.
  29 Jun 2008  

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just started trading live forex..i lost us20,000 in 2 months...anyone pls advise....muspnc@gmail.com
  21 May 2008  

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Standard quote is 05/08 (3 spread), secret quote will be 02/05 (still 3 spread) and 08/11 (still 3 spread).
Checked from liquidation in quiet Asian Sessions &amp; compared to different Brokers.

  10 Apr 2008  

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Spreads are not the same as what they claimed on the Promotion Website, real accounts face very large spread!
Real Accounts spreads are not the same as Demo Accounts!
Trading functions suspended during news sessions. Computerised programmes check the currrency pairs you entered, make you could not liquidate in good profit position.

  27 Mar 2008  

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I've been trading real money with this broker for over a year. I've had absolutely no problems, whatsoever.

I was initially skeptical about opening an account with FXCM because I had read so many negative reviews about them. However, I found that virtually ALL brokers had negative reviews - stories from disgruntled novice traders that lost money and blamed the broker.

After actively trading for a year, I'm convinced that most disgruntled traders lost money due to their own lack of experience in trading strategy and experience. It has little to do with the broker or the trading platform. With a good strategy and sound money management, those same traders would be singing the praises of whatever broker they were with.

  12 Mar 2008  

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stay away... platform freezes they donot honor your market oprders and stops during big market moves... every thing is set to favor them. at times variable spread could take GBP up to 12pips. is a killer.
  20 Jan 2008  

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Looks like all this brokers are money makers. and yet they advertise themselves like they are out to make you rich. I know even as humans, everyone has their leftsides so its ok that one may have an experience with a broker, but they way each and every broker seem to have this or that negative side,... I'm getting scared of getting into the business. Can someone talk to me? bram1brain@yahoo.co.uk
  17 Jan 2008  

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Who say they are trader and they like FXCM, they don't know what that mean: &quot; TIME IS MONEY &quot;. Before you go to FXCM, check bacground of this FXCM, take time, spend time on serch, not your money for nothing, and look who they really are. Look what complanece they have, why they got to court, look every broker. But this one, mmm... Not really. for now I prefer keep distance.
  23 Dec 2007  

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All true. You can't close till you lose. You can't open when they loose. Charts? Foget it. Not station, not website charts work as it HAVE TO. All frozen. And back to normal, when you have MARGIN CALL. NO one of chart platform working.
  8 Dec 2007  

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crooks, just stay away
  5 Oct 2007  

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I,ve traded with FXCM and did have some problems with the site freezing but didn't really have any other problems I'm pretty new to trading currencies but did manage to turn $700 into $4000 in a weeks time with these guys. Sadly I changed to a new broker because I wanted more bells and whistles at my disposal. Does anyone here have a recommendation for a brokerage. I don't want to say where I am trading now. I do like where I am at now just curriuos if it would pop up from anyone here. Thx I'll check back in a couple of days.
  22 Sep 2007  

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I am not new to trading, but I am new to forex and these guys have been nothing but helpful. Most of the negative reviews seem to be from rookies who got slapped with a margin call they didn't understand. Forex is a very complicated market, and requires a significant amount of both research and timing. The trading station is easy to use once you get the hang of it, but the charting isn't the best and you have to go to the dailyfx website. Website isn't bad, but is very slow in busy times and freezes up sometimes. Overall B+.
  10 Sep 2007  

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I hate them
  6 Sep 2007  

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FXCM cashback rebates of $4 per lot are available at forex-rewards.com. Average payment of $2000 per year for mini lots. No hidden charges, guaranteed payment into your account.

  22 Jul 2007  

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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!
  25 Mar 2007  

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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: &quot; O sorry sir the money you made was actually made on false prices, these transactions are not valid&quot;. 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
  20 Mar 2007  

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&quot;the truth&quot; is right
  19 Mar 2007  

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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
  19 Mar 2007  

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Take a look at NFA's official website...type in the firm's name...bad biz!!!
  4 Mar 2007  

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Tryed not bad.
  19 Feb 2007  

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Fxcm is &quot;OK&quot; 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 !

  12 Feb 2007  

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you're all a bunch of loonies. Get a life and start trading stocks-options
  5 Feb 2007  

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FXCM stands as a pioneering force in the world of online foreign exchange (FX) trading, CFD trading, spread betting, and associated services. With a history dating back to 1999, FXCM has steadfastly committed itself to providing global traders with unparalleled access to the vast and highly liquid...

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