is fxcm a scam

[sam martin]

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

[Enivid]

No, I don't think that FXCM is scam.

[domkscott]

I also read about this
Did you find specific examples, with charts and all?

[Hubu]

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.

[Johny]

Heard from reliable trader that is better to stay way from FXCM.

[jmathers]

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.

[Megamind]

Originally Posted by jmathers

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!

[Enivid]

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.

[Enivid]

Originally Posted by Gordon Blair

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.

[molbollinger]

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.