FXCM Managed Accounts - Over 1,000 New Accounts ??

Quoting FriendofTrends

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Ok seriously what you said is the funniest thing I have ever heard.. Since you didn't take any courses or learn enough about the market you are blaming FXCM?

" People trade with $ 300 because they don't know yet that at $ 1 per pip, they cannot trade like that... and a lot of the fault for that goes to FXCM..."

Who doesn't try out a demo and realize that its only 250 points you need before you lose basically everything. If you demo traded for 5 minutes you would realize that so I dont see any issues there.


From what it sounds Tiki, you didn't do you homework and just like blaming the firm for your initial noobie mistakes. You also say that you saved for a while to get the $300 to trade, what confuses me most is why weren't you learning about the market at the same time as you were saving..


Now I'm not trying to say i'm some great trader, I just have a realistic idea of the markets and my expectations but seriously I dont think anywhere, even with micro lots it makes any sense to trade with $300..

As for FXCM I have read the reviews time and time again, but I dont feel that anyone says much about the changes they have made. All sounds like it was back when they used a Dealing desk model and had fixed spreads but I haven't heard much since from most people and personally don't have any complaints..

Overall all I am saying is that micro lot or mini lots, coming into a financial market with $300 is downright foollish. Buy a course with that $300 and demo trade and learn how to trade..

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Quoting jamesanderson

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FriendofTrends - you are 100% correct. As with any other investment vehicle it is your responsibility to look into the details. Unless of course you are a moron, as many people are, and then you don\\\'t do your own due diligence and then blame someone else. Plus, if I read the FXCM site correctly they have well over 90,000 accounts - you really think that a few hundred losers on some forums constitute a valid opinion? Generally good traders, will not have the time to be posting on forums because they are too busy trading. I myself am not the best trader but I certainly don\\\'t blame any of the 2 brokers I trade with. On top of this Tiki - you said you traded with FXCM some time ago; they have made many changes over the past year so I really don\\\'t think you opinion has any merit. I have a lot of friends who trade with them currently and they all keep praising the firm. If FXCM truly were as bad as you claim it is, they would not have any accounts and would have gone bankrupt by now.
haha and as for Oanda - you definitely do read many many complaints about them also. I think you might be biased, perhaps you posting infractions have to do with your IP address coming from a very similar building as Oandas

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Quoting Razorman

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did anyone get this email recently?

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Dear Trader:
In the last three months, clients have opened over a 1,000 managed accounts with FXCM. FXCM now offers two managed forex funds developed by our own analysts and traders: The FXCM Sentiment Fund and the FXCM Aggressive Sentiment Fund. The recent performance of these two funds has been exceptional in difficult market conditions.
[url="http://now.eloqua.com/e/er.aspx?s=202&lid=1974&elq=3A7E9B1FB49C40FBA46BC162FF691B6E"][b]View...

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Quoting Nsk8700

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One gets the notion that any FX Broker should/would/could (need to) work against there Clients interests to enhance profitability in excess, hence be happy about Stock market performance reporting,vis-a-vis, stock performance?

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