Comment on FxOpen?

I saw many post state that FxOpen is scam...

Do anybody use it?
And no problem of withdraw money?>

Thank

FXOPEN is the worst broker ever. I had a live account for a week. They hunted my stops, 3 times. And after losing 4k, i figured it was enough

Some traders could not withdraw.
FxOpen also removes profitable positions.
2 seconds to execute an order, hint of Virtual Trader Plugin.

I guess that should sum up what you will get out of FXOPEN.

Withdrawn more than 150k last year.
Trade with them daily as well as two other places.

Had a few requote issues until I moved to ECN, only ever get .5 pip slippage sometimes and probably the best spreads given the account size.

Need a better orderbook software with them with a one touch trading button (set stops and tps with just 1 click in pip value)

Scam claims are due to people using arbitrage software.

Bottom line is, never invest money in a market you don't understand like a few of the lag arbers here and on other forums have badly discovered. One of them hasn't made a dime since he can't find a broker whos terms don't fit his trading EA.

To top it off, word of mouth has indicated that FXOpen are going to be regulated by two of the largest regulatory authorities in the world in 2010. I have followed up with the CEO regarding that and he verifies it. If you want to question it, i suggest you ask on their forum as I am unsure on details that can be released or not.

I wouldn't scalp on their market maker platform, you will get too many requotes, but on the ecn its heavenly (its just dukascopy in an mt4 box, and I am an ex dukascopy trader).

My other pick is interactive brokers, but they have started doing bad practices since the global meltdown, stop hunting and leverage changing, bad fills etc.

And the other is UBS, I trade there very rarely because of the cost of trading, and only use it to manage an account.

To be honest, chuck in a buck into micro and see if its worth it or not, the trading conditions that is. And if you break their terms during tha t time you will be told about it even if you are onlym aking 2cents.

I echo that sentiment. Their MM platform is fine for technical trading but scalping or news "trading" (nee gambling like a nub) is a nono. One of my accounts is on their ECN anyway which is indeed heavenly. I withdraw $5-6k a month from them by the way. Profits from Swing trading Daily and Weekly charts and the odd 4H chart "scalp".

Dear All,
Kindly say what you know on this forum in order not to mislead people. As far as I am concern FxOpen is okay, especially their ECN.
I have a live account with them and I double my account within 10days. Their platfrom is good for news trading. If you want to make profit from Forex trade ECN.
About withdrawer, make sure your account is verified, then you will withdraw without stress.

I just joined this forum mainly because of Takisd comments regarding FXOpen. I appreciate the comments on that. I am currently trading with dfFX on their PAMM and wish to look at other trading service providers that offer PAMM on an MT4 platform. I know Dukascopy offers it and would appreciate any feedback regarding them. Between the 3 mentioned companies above, I do not know of any others that offer a PAMM system with an MT4 platform. Any suggestions or comments would be appreciated.

Thanks,
DemetreF