Forex Forum - EarnForex
Serving Traders Since 2005
 

Go Back   Forex Forum - EarnForex > Forex Discussions > Forex Brokers

Forex Brokers Discuss the Forex brokers in this forum.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 5th September 2010, 11:40
Default Avatar
Junior Member
 
Join Date: Sep 2010
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Default is fxcm a scam

i read all over the internet its scam

and if i buy currency and do limit profit they will stop it before the profit

is it scam
Reply With Quote
  #2 (permalink)  
Old 6th September 2010, 07:51
Enivid's Avatar
Administrator
 
Join Date: Nov 2008
Posts: 1,542
Thanks: 18
Thanked 20 Times in 16 Posts
Default

No, I don't think that FXCM is scam.
__________________
Please, read the Forum Rules and the Signature Rules to avoid termination of your account.
Reply With Quote
  #3 (permalink)  
Old 7th October 2010, 10:28
Default Avatar
Junior Member
 
Join Date: Oct 2010
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Default

I also read about this
Did you find specific examples, with charts and all?
Reply With Quote
  #4 (permalink)  
Old 21st December 2010, 12:46
Default Avatar
Junior Member
 
Join Date: Dec 2010
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Default

FXCM is for sure not a scam broker. However, their trading and spread conditions are not very good and i dont understand how it is possible that this broker is so popular.

Some time ago i a had a live account with them. First they disabled usage from expert advisors on my account, then i had to deal with lots of requotes and last but not least the order execution increased by a few times.

I switched then to FXPRO and so far i am really happy with them. Tight spreads, almost no requotes and execution time is good as well.
Reply With Quote
  #5 (permalink)  
Old 22nd December 2010, 10:16
Default Avatar
Junior Member
 
Join Date: Dec 2010
Posts: 5
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Heard from reliable trader that is better to stay way from FXCM.
Reply With Quote
  #6 (permalink)  
Old 23rd December 2010, 19:26
Default Avatar
Member
 
Join Date: Dec 2010
Posts: 33
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Fxcm is one of the biggest brokers on the internet, but I don't believe they got to be a big broker by providing quality. Their drive is volume which is what makes them a large broker, staying away from them is more profitable in the short run unless you have a large amount to trade with.
Reply With Quote
  #7 (permalink)  
Old 14th January 2011, 11:13
Default Avatar
Junior Member
 
Join Date: Jan 2011
Posts: 5
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by jmathers View Post
Fxcm is one of the biggest brokers on the internet, but I don't believe they got to be a big broker by providing quality. Their drive is volume which is what makes them a large broker, staying away from them is more profitable in the short run unless you have a large amount to trade with.
Completely agree with everything! They have huge volume!
Reply With Quote
  #8 (permalink)  
Old 28th June 2011, 11:06
Enivid's Avatar
Administrator
 
Join Date: Nov 2008
Posts: 1,542
Thanks: 18
Thanked 20 Times in 16 Posts
Default

1.3 for EURUSD and 1 for USDJPY is their minimum spreads. Don't forget to check out their maximum spreads too. They are also regulated on Cyprus, not in US like FXCM. That closes their doors to all law-abiding US residents.
__________________
Please, read the Forum Rules and the Signature Rules to avoid termination of your account.
Reply With Quote
  #9 (permalink)  
Old 30th June 2011, 20:18
Enivid's Avatar
Administrator
 
Join Date: Nov 2008
Posts: 1,542
Thanks: 18
Thanked 20 Times in 16 Posts
Default

Quote:
Originally Posted by Gordon Blair View Post
Traders Trust Broker seem to update the forex spreads page, they advertising average spreads Still seem better then fxcm do not you agree? EURUSD=1.8.
As far as I see on the site: both companies are STP Brokers.
Yes, that's better than FXCM, but FXCM has high spreads. It's still worse than Oanda or Dukascopy spreads.
__________________
Please, read the Forum Rules and the Signature Rules to avoid termination of your account.
Reply With Quote
  #10 (permalink)  
Old 22nd August 2011, 16:53
molbollinger's Avatar
Junior Member
 
Join Date: Jul 2011
Location: Gibraltar
Posts: 16
Thanks: 0
Thanked 0 Times in 0 Posts
Default judge for yourself

FXCM recently got a juicy fine from the NFA

http://www.nfa.futures.org/basicnet/...px?seqnum=2961

for slippage and other malpractices. I do not thing this is about being honest, rather about who has the best technology.
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
FXCM Forex Managed Account EarnProfits General Forex Discussion 9 25th August 2010 14:52
FXCM Forex Managed Account - growth-finance.com EarnProfits Advertisements 0 16th May 2010 19:08
FXSTAT online trade analyzer for MT4, FXCM and DBFX fxstat Advertisements 0 10th April 2010 16:59
FXCM vs. CFTC bigpippin77 Forex Brokers 2 19th March 2009 17:06
Fap Turbo Robot Scam ? anil595 Advertisements 0 22nd February 2009 06:53


All times are GMT. The time now is 23:46.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2012, vBulletin Solutions, Inc.
Inactive Reminders By Icora Web Design

SEO by vBSEO 3.3.2