I haven't traded with FXCM before, But I know they were charged $200,000 by NFA for falling to report their financial data. There spreads may be fair, but the fact that they were fined makes me worried about even thinking about investing with them!
PoundTrader,
If you have few minutes, can you reply me with few answers to my questions below
Why have you chosen FXCM against the other brokers ?
What kind of Equity / deposit you have put with them ? - You can put a range, if do not want to mention the exact amount.
Are you using there MT4 or Trading Station Platform ?
What kind of commission model they have given you ?
Do you feel safe, that the greedy back-office dealers, would not be waiting to hunt your STOPS ?
Is the Server / Software down most of the times ?
How is it during News ?
Are spreads too wide ?
How long you been trading with FXCM ? Are you satisfied ?
Please share more thoughts... and is it making you bread and butter.... having the right broker is also a very important aspect... no matter if you are good in trading... Brokers most of the times, are hungry after your money.. since they have an opposite position too
I am looking for a sincere reply, and a depth one.. this will help me.. as well others too...
Classical chart patterns of currencies from 15+ Year Pro Trader
{quote} PoundTrader, If you have few minutes, can you reply me with few answers to my questions below Why have you chosen FXCM against the other brokers ? What kind of Equity / deposit you have put with them ? - You can put a range, if do not want to mention the exact amount. Are you using there MT4 or Trading Station Platform ? What kind of commission model they have given you ? Do you feel safe, that the greedy back-office dealers, would not be waiting to hunt your STOPS ? Is the Server / Software down most of the times ? How is it during News...
Ignored
i now trade offshore for higher leverage due to u.s. regulation that require 50:1 leverage, FXCM is a non dealer broker on there standard account with the best spreads in the business, never had any problems with trades and would of stayed if i could of got at least 100:1 leverage
{quote} i now trade offshore for higher leverage due to u.s. regulation that require 50:1 leverage, FXCM is a non dealer broker on there standard account with the best spreads in the business, never had any problems with trades and would of stayed if i could of got at least 100:1 leverage
Ignored
Were they hunting stops or something like that ?
Any issues on Withdrawals?
You think they were happy if a trader BUSTS there account ?
Classical chart patterns of currencies from 15+ Year Pro Trader
I have traded with FXCM for about 7 weeks now on a standard $2000 opening amount account. I have been making
hundreds of dollars a week without any issues bar one. This was during NFP, about 45 minutes after release
when several orders I had tried to enter could not be filled, in fact the whole platform just froze until
I exited and reentered. I am trading thru Ninja trader with may have compounded the problem. Not sure.
This was also on a cross currency, not us major. Like I said, so far pretty good. A commission based
broker can get pretty expensive though if you are a pure scalper.
