33 reviews of FXCM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Guys, FXCM was my first broker. I remember also my first deal opened with them! I had no problem with WD or something else. But they has a leverage 1:50 and I wanted at least 1:100. I opened my account with FXCM because my friend said me that this is a good broker. After trading with FXCM I opened an account with other broker that proposed me leverage 1:200. So my impression is neutral. But I think they had good terms of trading for USA customers. Execution speed and speads are good, and I had no problems with WD. It's just I don't like their leverage.
FXCM are a untrustworthy broker. The connection and execution is terrible, I have been stopped out of trades prematurely numerous times with no compensation offered by FXCM. Auto updates on the MT4/Meta quotes platform cut me from three swing trades only yesterday, after a call to FXCM they tell me this sort of error happens occassionaly!! Unbelievable. If this is the case where is my bloody compensation! Customer service is dreadful and the audit form investigation team is automated. Greedy and unstable broker.
i aggreed with pakrul and alfian.So far so good broker. i was trading with them almost 4 years and i found nothing problems there..the problems is came from our behavior..don't trading with MT4 because many MT4 have the same problem.the server and requote with bad connections
Which good FXCM ... GCI ... FOREX ? FXCM never notify me before they frozen it out till next day I loss amount!!!
HI GUYS, HONEST REVIEW HERE, TRADED WITH FXCM 3 YEARS NOW BUT CLOSED MY ACCOUNT 3 DAYS AGO. CAME ACROSS THIS SITE WHILST HUNTING A NEW BROKER.
MONEY IS QUIT SAFE WITH THEM.
UNSTABLE MT4 PLATFORM
TRADING STATION 2 IS OK BUT CRASHES FROM TIME TO TIME AND WILL NOT EXECUTE THE CORRECT LOT SIZE FROM TIME TO TIME.
SPREADS ARE WAY TO HIGH WHICH WAS THE REASON FOR MY DEPARTURE, I HAVE NEVER SEEN THE SPREAD GO LOWER THAN 2 PIPS AND ON AVERAGE ITS 3 PIPS AND SOMETIMES HIGHER, TOTALLY UNECCEPTABLE NOW IM A MORE ACCOMPLISHED TRADER AND REALISE THAT THEIR ARE BETTER BROKERS OUT THEIR, I THINK THEY LIKE TO ATTRACT NEW TRADERS WITH NOT MUCH IDEA TO TAKE ADVANTAGE OF THEIR LACK OF KNOWLEDGE ABOUT SPREADS AND HOW IT CAN BE A CRUCIAL TOOL. THE WAY I TRADE IS SALPING AND LONG TERM WHERE AS SCALPING IS MY BREAD AND BUTTER WHICH MEANS 3 PIPS SPREAD IS A KILLER AND MY LONG TERM TRADES WHICH ARE BETWEEN 1-2 TRADES A DAY WHERE THE SPREAD IS NOT SO IMPORTANT BUT IF YOU MISS THE START OF THE TRADE THEN A FEW SCALPS ON THE WAY UP OR DOWN MEANS SPREAD IS CRUCIAL FOR QUICK IN AND OUT TRADES.
I WOULD GO BACK TO THEM IF THEIR SPREADS CAME DOWN BUT I FEEL THIS WILL NEVER HAPPEN AS THEY SEEM QUIT GREEDY
It sounds a lot like most of the negative reviews are around trading times when even the pros tell you not to trade...high market volitility. If you're on the web with a lot of sudden traffic it gets slowed down and delays happen. I have been trading with FXCM for about 6 months and have never had a problem with their system. The only problem I face is myself. No responsibility means no learning. If you're trading irresponsibily you're not trading, you're gambling! Go to vegas and see how many people win at the slots! Good Luck with that.
I was introduced to fxcm by my friend . At first I was attracted to their advanced and beautiful platform. Then, I realized there was one way trade only. Deposit deposit deposit and no withdrawal. Always no connections and requotes. Stay away bro ! Now I am with two other brokers so far i am satisfied. Not as bad as fxcm !
FXCM stinks. In their marketmaker platform you'll be requoted repeatedly on both ends of a transaction from a gain into a loss. In their "active trader" you'll encounter huge slippage with relative meager order size. So, it's all a question of how you want to give away your money to them. And in their forum, say anything negative (that is truthful) abou them & they'll remove the post & ban you. They're like the KGB. Avoid at all costs. You have been warned.
So far so good broker. Don't be greedy. Planning before trading. Take your time to learn. You will enjoy trade with them.
They are good for me.
Trade Station II is the best platform fxcm offer to us.
But first all U guys need is knowledge and experience in FX business.
It takes time and hardwork and a lot of money.
Then U will gain your profit back and a lot more then U lost.
Just a matter of greed.
Don't luv ur money. luv ur planning and strategy.
FXCM is a good broker.
i found the connection with fxcm is terrible,wat's going on,i always fail to trade conveniently,i hate this,i have lost lots of opportunity and money during the selling processing,i earn this second and i sell it but the software is hanging,and i lost the next second..help!!!!!!!!!!!!!!any1 from malaysia who found this problem,i am pleased to share and to be shared with this,email firstname.lastname@example.org
Today I can't open my platform and close my trade which made me lost USD$20,000.00 on a single trade. FXCM is not reliable and from what I heard the people say things about this broker, it is the truth. Last week I lost USD$5,000.00 because can't close my trade. They say will refund the money to me and I never hear from them again.
FXCM is terrible. I completely agree with Larry from Missouri. I've been with them for almost three years and their system went down three times (way too many), causing interruption to me and rest of the FXCM customers. I lost money this way several times. Just recently, they raised cost of the spread for micro account. I had standard account before but switched to micro to keep the spread cost lower. How can they just raise the cost whenever they feel like? I'm so upset! They are one of the biggest currency brokers out there but very highly unethical. It seems all they care about is making money for themselves and don't really care about their customers. Do not open your account with them because you will lose money. Also I read in their blog that people who wants to with draw their money from their account have difficulty getting back their money. It takes about a month before they receive check in the mail.
I have 4 accounts with them, Active trader account has execution problem, and its fine so far,, since it’s in New York I think my money is safe, If you think they cheat, or scam you can file a complaint to New York state department, They will love to hear from you, Winner never quite and quitter never win,
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