Coupe,
I am ditching FXCM as soon as I clear out my positions. their spread over the last month have been outrageous as you know as well as their &*$%# interest rates which they say they are just quoting directly from the banks however, I have caught them in a few lies.
they are very dishonest with some of the stuff they pulled on myself and a bunch of other traders i chat with. Over the last 3 weeks now, they have charged me over 150K Euro from my account on short positions - the more I traded to cover the loses the more i lost with the large spreads and failed executions. there is something bad going on there.
having a substantial account balance with them, i have the pleasure of chatting with on of the vp's. it was confirmed that they take a profit from the interest rates and actually have a larger role that was previous told.
Anyways, my advice is to get your dough and get out. I am talking with ODL Sec.
Any one else I would advise the same. FXCM is wrong despite having such a large market share!
I am ditching FXCM as soon as I clear out my positions. their spread over the last month have been outrageous as you know as well as their &*$%# interest rates which they say they are just quoting directly from the banks however, I have caught them in a few lies.
they are very dishonest with some of the stuff they pulled on myself and a bunch of other traders i chat with. Over the last 3 weeks now, they have charged me over 150K Euro from my account on short positions - the more I traded to cover the loses the more i lost with the large spreads and failed executions. there is something bad going on there.
having a substantial account balance with them, i have the pleasure of chatting with on of the vp's. it was confirmed that they take a profit from the interest rates and actually have a larger role that was previous told.
Anyways, my advice is to get your dough and get out. I am talking with ODL Sec.
Any one else I would advise the same. FXCM is wrong despite having such a large market share!
DislikedThe interest issue was short lived so I let that slide. But you're right. You cannot scalp the news in FXCM. I've been caught in the same trap.
What are peoples recommendations when it comes to trading the news?
BIgnored
I was just about to click close to that level but it drop too fast .. lol..
