FXCM
Minimum deposit ($)
300.0
Commission
0.0
Accepting US clients?
Swap free accounts
Segregated accounts
Interest on margin
Managed accounts
Accounts for money managers (MAM, PAMM)
One click trading
API
OCO orders
Trading over the phone
Hedging allowed
Trailing stops
Mobile trading
Scalping allowed
Bonuses
Demo konti
Web based trading
Konkursi
Decimals
5
Minimum lot size
1000.0
Maximum lot size
100000.0
Spread
Variable
Broker type
Dealing Desk, Market Maker
Maximal leverage (1:?)
30
Phone
+44 (0) 8001456477
Fax
-
Availability
Phone, Chat, Email, Whatsapp
E-pasts
Address
20 Gresham Street, 4th Floor, EC2V 7JE, London, United Kingdom.
Regulation
FCA (UK), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa)
Trading Platforms
MetaTrader 4, FX Trading Station, Web Platform, Mobile Platform
Funding/Withdrawal methods
Wire Transfer, Credit Card, Debit Card, Neteller, Skrill
Account Currency
USD, GBP, EUR
Languages
English, Spanish, French, German, Italian, Greek, Hebrew, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese
Country
United Kingdom
International offices
Australia, Germany, Greece, Hong Kong, South Africa, United Kingdom, United States
Trading platform(s) timezone
(GMT) Western Europe Time, London, Lisbon, Casablanca
Other trading instruments
Stocks, Indices, Commodities, Spread Betting, CFDs, Cryptocurrency
Biedrs kopš
4 ieraksti
Nov 14, 2009 at 07:52
I used this broker somewhere around last year, through a Malaysian IB, he tought me how to trade forex in, but it was CRAP. That was a different story. So here is about FXCM. The Customer service is very friendly and deposit/withdrawal is quite fast. But my problem is the slippage, which for example GBPJPY usually charge me around 5-6 pips, but sometimes it slips me up to 16 pips. How much left do i have to make a profit? My friend even suggest me not to use this broker and im glad Im out, especially under that IB who suggest to trade over leverage.
Biedrs kopš
266 ieraksti
Sep 27, 2009 at 15:59
(labots Sep 27, 2009 at 16:01)
I have also used FXCM and have ditched them.........
I have to agree with Jerome, their customer service is first class. Had a guy phone me from their local branch and he managed to help me with any and all technical issues that I had. Deposit and withdrawal was accomplished without a hitch at an acceptable pace.
Unfortunately, technically they don't seem to have aced the transition to the Boston Tech liquidity bridge. Their trade execution was slow and this is no good for scalping. There are many requotes but this is also due to a technical deficiency where virtually any error was reflected as an 'off quotes' error.
I also have an issue with the way they are not honest about their spreads. They claim a typical spread of 2.4 pips on the EURGBP but when I charted their spreads over a 72 hours period, the average was clearly 3.3 pips. In fact there is such a clear line delineating the 3.3 pips area that you can see the price is manipulated(See attachment)
<a href='
'><img src=''/></a>
I have to agree with Jerome, their customer service is first class. Had a guy phone me from their local branch and he managed to help me with any and all technical issues that I had. Deposit and withdrawal was accomplished without a hitch at an acceptable pace.
Unfortunately, technically they don't seem to have aced the transition to the Boston Tech liquidity bridge. Their trade execution was slow and this is no good for scalping. There are many requotes but this is also due to a technical deficiency where virtually any error was reflected as an 'off quotes' error.
I also have an issue with the way they are not honest about their spreads. They claim a typical spread of 2.4 pips on the EURGBP but when I charted their spreads over a 72 hours period, the average was clearly 3.3 pips. In fact there is such a clear line delineating the 3.3 pips area that you can see the price is manipulated(See attachment)
<a href='
'><img src=''/></a>
Pielikumi
Biedrs kopš
2 ieraksti
Sep 27, 2009 at 15:01
Execllent customer service. Too many requotes - but that is mostly likely due to ECN model. Taking MT4 platform offline on Sundays is a little bit of a headache. But I think this is the best broker in the market.
