Has anyone here any experience with them ? Are they trustable broker . Do they allow to hedge ? and are they paying thanx from a newbie
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Quoting derpateDislikedHas anyone here any experience with them ? Are they trustable broker . Do they allow to hedge ? and are they paying thanx from a newbieIgnored
Quoting derpateDislikedHas anyone here any experience with them ? Are they trustable broker . Do they allow to hedge ? and are they paying thanx from a newbieIgnored
Quoting moonchildDislikedI may not be the right person to listen to right now since I have gotten burned by FXCM so badly lately. Several of us had been having a great deal of difficulty with FXCM at times of high volatility and were making very little or actually losing with FXCM trades, but not with trades at another broker.
Last Thursday we set up 2 computers side by side, one with an FXCM platform, the other with an MB Trading platform. We put the same orders on both platforms at the same time. MB Trading executed the trade immediately, FXCM turned down the trade 4 times on the basis that the market had moved, although we were allowing 3 pips of 'wiggle room'. When we then wanted to close the trades the same thing happened. We repeated the same procedure on the retracement. The result of this was that we made 91 pips on the MB Trading account and 13 pips on the FXCM account.
This was a 'controlled' experiment. Once in the past 3 weeks of having problems dealing with FXCM, we actually lost money on trades which should have made quite a bit.
My only advice to you is to exercise extreme caution and do not count on being able to trade FXCM at times of high volatility (not only just news releases).Ignored
Quoting jojocal19DislikedI would highly recommend that you NOT go with FXCM. When I had my account with them they started stop hunting me so blatantly it was rediculous. When I went long the price would drop down to the exact pip as my stop and then go up and vice versa. Needless to say I dropped them after going through that.Ignored
Quoting RocketDislikedI have been with FXCMfor many months and am very happy with the platform and sevice. If you insist on tradeing during high volatile times like NFP .. you may gey burned by the market but thats no fault of FXCM. As for stop hunting ... if you beleive a 15 pip stop is adequate you will not have your money for long either so dont worry about FXCm as you wont be around long enough for it to matter.... good luck.Ignored
Quoting RocketDislikedI have been with FXCMfor many months and am very happy with the platform and sevice. If you insist on tradeing during high volatile times like NFP .. you may gey burned by the market but thats no fault of FXCM. As for stop hunting ... if you beleive a 15 pip stop is adequate you will not have your money for long either so dont worry about FXCm as you wont be around long enough for it to matter.... good luck.Ignored
Quoting moonchildDislikedHi Rocket
I would agree with what you say except for 2 things. FXCM's problem is becoming so frequent that it is curtailing trading even when there is moderate volatility. It is becoming a problem more than once a week and this did not used to be the case with them. It used to be fairly rare that their platform could not cope.
Secondly, I do not see why our ability to trade at times of high volatility should be restricted either by their behaviour or voluntarily by ourselves due to their inability to perform at these times. I have had no difficulty trading at times of high volatility with other brokers, therefore it is my choice to deal with them since that way I retain the ability to trade at times of high volatility if and when I so choose. And yes, I make quite a few pips if I can get my trades executed at something close to the time I place my orders.Ignored