Forex.com, a division of Gain Capital, Discussion | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

division of price from high to low indicator 1 reply

The Bank, Futures Division - Trading Reports 33 replies

ETX Capital Discussion 55 replies

Knight Capital article discussion 0 replies

Note to programmers: Division by zero errors 24 replies

Attachments: Forex.com, a division of Gain Capital, Discussion
Exit Attachments

Forex.com, a division of Gain Capital, Discussion

  • #21
  • Mar 23, 2013 7:44am Mar 23, 2013 7:44am
Quoting tony95
I can not believe noone has an experience with this broker. Still looking for a review, actually, I would like hear several. Thanks.
I have been trading with GAIN long time ago (before introduction of forex.com) and increased 7x or so my balance before run out of luck in a year or so i think. Withdraw 5x increase. Back then spread on majors was 5 - 6 pips, minimum size 100k . My stops 25 to 50 pips. Looks like they have gone a bit rotten. Everything gets worse with time.

However, I heard same comments back then. Learn about quantum mechanicks principle to help you understand that perfect broker does not exist. They package 1 way and steal somewhere else, or other way and steal another way. They must be profitable else they would not exist. See execution in futures, and calculate how much slippage eats per year. This is probably as good as it gets, except packakging may differ
  • #22
  • Mar 23, 2013 7:56am Mar 23, 2013 7:56am
Quoting midnight
Thank you for your inquiry midnight. This was our initial response to the NFA BCC Case back in 2010:

“On October 27, 2010, GAIN Capital entered into a settlement with the National Futures Association to resolve the pending proceeding against the firm, which included three claims relating to execution practices in its Metatrader platform and its former weekend liquidation policy. The company entered into a settlement without admitting or denying NFA’s allegations and agreed to pay a fine of $459,000. As part of the settlement, the company also...

Once a thief, always a thief, keep well away from this broker. Infact, keep well away from any 'broker' who has paid fines for execution practices and other shenanigans.
  • #23
  • Mar 23, 2013 8:10am Mar 23, 2013 8:10am
well, had a look back then and this was my equity curve. I got tired as evident from pic and was happy to have a job this was in my 7th year of trading. Quit trading for couple of years and was able to distance myself and absorbe the lesson. I got what looking for in year 15 treating it like hobby.
Attached Image (click to enlarge)
Click to Enlarge Name: gain eq.JPG Size: 111 KB
  • #24
  • Mar 24, 2013 9:57pm Mar 24, 2013 9:57pm
Quoting GDR3k

Once a thief, always a thief, keep well away from this broker. Infact, keep well away from any 'broker' who has paid fines for execution practices and other shenanigans.
Almost every major broker has paid a fine at some point. The fact that someone hasn't yet been fined is more likely a sign that they are new to the industry or too small to be relevant. The NFA is understaffed and not known for having the sharpest employees. They essentially make the rules up as they go.

You'll also notice that most brokers run into issues related to Metatrader plugins and settings. Metatrader is a horrible piece of software that is largely a black box to the broker. Only the Russians who wrote it really know what goes on inside the Meta servers.
  • #25
  • Last Post: Mar 31, 2013 12:48pm Mar 31, 2013 12:48pm
I have an account with forex.com UK, MT4 account. so far no complaint.
bank transfer withdrawal in 3 working days. London session Spread EurUsd 1.8. Execution is good.
Maybe not best broker, but i think good broker with FSA regulated.
Vedanta - The End Of Knowledge. ~ J. Krishnamurti ~
0 traders viewing now