Fxcm

Hello all

I've really been enjoying using FXCM's platform on a demo account and am considering exclusively using them. Everything seems great, fast order execution decent spread and great customer service.
My only concern is that they were recently fined about £2m by the NFA (NFA levies $2,000,000 monetary sanction against FXCM and orders refunds to customers) for dishonest practices on their live accounts.

Anyone have any experience using them for FOREX? Perhaps some pro's/cons?
Or if not any broker recommendations for FOREX. I see a lot of people really rate IB but I really hate the look of their platform.

Thanks

FXCM very poor
Chinese people do not how to use it.
You are British, are concerned about how such a bad company?

Mike_B said:

Hello all

I've really been enjoying using FXCM's platform on a demo account and am considering exclusively using them. Everything seems great, fast order execution decent spread and great customer service.
My only concern is that they were recently fined about £2m by the NFA (NFA levies $2,000,000 monetary sanction against FXCM and orders refunds to customers) for dishonest practices on their live accounts.

Anyone have any experience using them for FOREX? Perhaps some pro's/cons?
Or if not any broker recommendations for FOREX. I see a lot of people really rate IB but I really hate the look of their platform.

Thanks

Click to expand...

You are British
Why not choose
LCG

eurgbpusdsir said:

You are British
Why not choose
LCG

Click to expand...

Because I like using FXCM - I like their platform and generally speaking I like the company. I just wanted some opinions on them

eurgbpusdsir said:

You are British
Why not choose
LCG

Click to expand...

You are Chinese
Why not shut the **** up

Mike_B said:

decent spread

Click to expand...

could you please tell how did you arrive at this?

Mike_B said:

I've really been enjoying using FXCM's platform on a demo account and am considering exclusively using them. Everything seems great, fast order execution decent spread and great customer service.
My only concern is that they were recently fined about £2m by the NFA (NFA levies $2,000,000 monetary sanction against FXCM and orders refunds to customers) for dishonest practices on their live accounts.

Click to expand...

Hi Mike_B,

Welcome to the Trade2Win community! I’m FXCM’s Online Ambassador to the Trade2Win Forums.

I know that choosing a forex broker can be a daunting task, and there’s a lot to consider including safety of funds, regulation, execution model, ease of use, spreads, customer service, etc. You can read my response to the NFA action at the FXCM Spread Betting thread.

Our goal is to make sure every trader has a positive experience trading at FXCM, and I believe the number of traders that trade with FXCM compared to our competitors is a vote of confidence for what they think about FXCM and our services.

I would be happy to answer any additional questions or concerns you have about FXCM.

Thanks and good luck as you transition into live trading.


- Jason