What's the deal with forex.com?

So the NZD rate came out at 5 and I had a limit order that should have been hit, but the servers froze so it gapped up instead of hitting the limit order. Now I'm trying to cancel the limit orders but they won't cancel. I am so frustrated right now.

Oh my god... so now the limit order magically appeared under the PA and hit it, setting me back 10 pips.

I'm so done with forex.com... they won't be getting another dime of my money.

Calm down - I have no experience with them in particular and although I think there are some suspicious reviews about them you should consider:

The RBNZ rate decision is in coincidence with the daily rollover!
That not only means runaway spreads for every NZD pair, but also market close for some brokers up to 5 minutes, no matter if it's a bucket shop or not.

Trading RNBZ rate statements effectively during rollover is simply not possible ...

years ago I had a small account with forex.com I opened with $500 it was a test account to see how they would perform well I went against a trend aud/usd and found my account low in funds so I went into forex.com to add money and could not find the card payment only the option for bank transfer so I went on chat and asked where it went they said there liquid providers had stopped payment by this method , when would it be reinstated he said shortly so now aud is falling again and watched it wipe out , well I went back to forex.com and of course went to chat 30mins later and guess what card payment are back on and asked how can I deposit $10000.00 aud , he said card payments ok I said it was down 30 mins AND HERE WE GO he said that cant be possible , I said I have a chat saved talking to you regarding the card I wrote fucking wanker cheats robbers since then I have warned people of forex.com , a note , I started a complaint with them to return the money they said not their fault this was 15 years ago I see nothing has changed

To help everyone better understand why, as a US resident, you need to trade offshore, I am going to fully explain how I trade.

The point made here is aside from all the lying, cheating, thieving manipulations you must constantly battle with them. This is just purely from a risk standpoint.

I trade 5 pairs....GBP/JPY, GBP/AUD, GBP/CAD, EUR/AUD and EUR/CAD. As you can see, I trade the pairs with the largest daily range.

I have a $5,000 trading account, which I do not keep with ANY BROKER. It is secure in my own bank account.

I risk 2% ($100) per trade with anywhere from a 40 pip stop and 100 pip target up to a 100 pip stop with a 250 target. Always 2.5:1 reward to risk.

When I trade I simply transfer $100 to my broker and set my size depending on the stop. 40 pips approx. .27 lots, 100 pips approx. .12 lot, etc.

My winning rate is 68%, when I win I simply withdrawal the $250 and leave $100 for next trade, if I lose, I transfer $100 when next set up is ready.

Now, here is the key, to trade .27 lots with any US broker on GBP/AUD, for example, requires a deposit of $1,080 for margin!!!!!

Funds are not protected with a US broker (my broker either) so here is what I cannot comprehend from those trading with US brokers:

WHY WOULD YOU WANT TO DEPOSIT $1,080 RISK $100??????

Or for you larger traders, how about a deposit of $10,800 to risk $1,000?????

Very often, I have 3 trades going..... $30,000 to risk $3,000???

Someone please explain, am I missing something?? Like is it the fact that you cannot hedge, do you like FIFO??? The thrill of constantly battling random price spikes and freezing platforms? What is the reason folks stay with US brokers??

I now deal with asic reg brokers only , I get phone calls 3 to 4 a week from brokers overseas I ask one question are you reg in Australia , I like you ideas on trading was certainly worth a read thank you

Broker politics aside, gaps are normal trading events. You see one nearly every Sunday when the market opens. My advice? If you do not have access to a trading news report, why are you trading news? I understand some people prefer fundamental trading, but don't they choose a side? It sounds like you were straddling, and personally, that doesn't seem like a good strategy considering how often they sweep pending orders in both directions while hunting the opposing stops. Free money for them. Between railroad tracks and gaps occurring on news releases, and presumably no idea what the news result is...you might look at this from another perspective. You are trading dangerously, and got caught. I think you better get used to it, no matter who your broker is. The game is the game.

forex.com is the biggest scam POS in the history of forex brokers

so true