FXCM down?

[kalparker]

Hey did anyone notice that FXCM service crapped out the last ten minutes of trading today? This isn't reliable service, and especially in a fast moving environment. I wanted to close some positions, and spent the rest of the time on hold till the market closed, I would get transferred from one to another. I think I'll start looking for another broker. I hate carrying positions over the weekend.

 

[kyle.rosenblad]

Hey did anyone notice that FXCM service crapped out the last ten minutes of trading today? This isn't reliable service, and especially in a fast moving environment. I wanted to close some positions, and spent the rest of the time on hold till the market closed, I would get transferred from one to another. I think I'll start looking for another broker. I hate carrying positions over the weekend.

Same thing happened to me a little earlier than that.

 

[kalparker]

Yeah site is down, so is trading this getting annoying. They will say were sorry, and that there backup would take to long to get running so tough luck.

 

[neil]

CME mini forex futures

Keep an eye on the Mini CME forex futures - when they have enough volume dump FXCM and trade them instead

 

[TheLaughingCook]

I agree with Neil. I attended a webinar week sponsored by the CME Group, featuring numerous prestigious traders. They introduced the new FX micro futures and although early phase, they already have an amazing volume inflow. I will keep my Metatrader and Tradestation accounts for charting, but John Carter from TradetheMarkets said it best in his webinar : remember Refco going bankrupt ? All forex account holders never got their money back, all futures account holders setup their new accounts a few days later, as the CME takes full counterparty risk. Nobody seems to notice that an ENTIRELY new perspective has opened up for FX traders. This is unique ! I cannot give recommendations for brokers, but I have found a few that met my criteria.