FXCM UK

In Brokers / Forex

FXCM is the largest non-bank FCM* in the world that specializes solely in spot FX. With operations around the world, FXCM services over 50,000 active FX clients and over 400 institutional clients from more than 80 countries.

In the FX market, the broker is the counterparty to every transaction. FXCM is the single largest counterparty in the retail FX world.

*According to the financial information posted by the CFTC at http://www.cftc.gov/tm/tmfcm.htm.

For FXCM Forex News go to:
http://www.dailyfx.com
Breaking forex News, Real Time Market Analysis, Trading Strategies Plus A Global Economic Calendar 
 
For FXCM Forex Trading Blog go to
 http://www.forextradingblog.com
A Forex blog covering market events with tips for learning to trade forex.
 
For Forex charts go to
http://www.dailyfx.com/charts
A collection of free live charts with dozens of technical indicators.


Further Information

Country: United Kingdom

Website: http://www.fxcm.co.uk/

Ranked #17 of 105 Brokers

Fxcm_logo

Rated

3 reviews

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Member reviews

Most Recent / Most Helpful

FXCM

Generally good support form their staff and an easy to use platform however spreads are wide and prices don't follow the interbank market as accurately as they should

Oct 04, 2005

Senior Member (1 review, 259 posts)

0 of 0 members found it helpful

not a good place for the serius fx trader

I have been with fxcm for two years but only now i have figured out why my stops has been hit many times, for example yestarday (Thursday 30-07-05) the best bid in the Inter bank market for Eurusd was 1,218 and with the fxcm was .2123, they knew very well that at .2120 were many buy and stop orders so they moved the sell price at .2123, even now while i'm writing the GBP quptes in the inter bank market offer have moved to .7697 and with the fxcm no chance to get that price the best buy price only 93,

Jul 01, 2005

Member (2 reviews, 97 posts)

1 of 1 members found it helpful

Review of FXCM Brokers

Now one of the largest FX operators, which doesnt normally always mean best?
However as a fan of America and Americans service is their favourite word including all those at FXCM. They have a 24/7 live chat help that I have never had to wait more than 30 seconds. I have been a client for 18 months. Their platform is easy to use and stable. Spreads have also improved to 4/5 pips for most pairs and hopefully we will see this narrowing more in the future?
I have had a couple of occasions in 18 months when their platform went down so always place a stop with your order!! Even when I didnt place a Limit and the market moved my way and they went down,I complained and they offered me $200.00!!

On the downside, and like all FOREX brokers I hear about through their clients FXCM don't always follow the market as closely as they should, especially on break outs where the Daytrader can often see a 30 to 60 second or sometimes more sustained spike of 50 pips or more not even being registered on the bid and offer rates.

I have asked they add a trailing stop, and the ability to hedge.

Mar 20, 2004

Rookie (1 review, 10 posts)

2 of 3 members found it helpful

1 - 3 of 3

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Member, National Futures Association (NFA ID # 0402027). Please be aware that off-exchange retail foreign currency (forex) trading involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk. Before deciding to trade forex, you should carefully consider your financial goals, level of experience and risk appetite. Any opinions, news, research, analysis, prices or other information contained does not constitute investment advice.