FXCM, one of the greatest brokers and its good will is so popular. For you can find almost all its reviews are good for its behave. Like that reviewed by Just a Guy:
"You read a lot of rubbish about fxcm, but I have never had a problem. Great cust service, decent spreads and good execution. I have set slippage to 1 pip, and 90% time get filled at order price. I'm in UK, and they seem to be very regulated, also now with new regulations. I would vouch for them, but not to trade the news."
But as usual bad reviews can be found in Forex Peace Army, like that one reviewed by Jim Johnson from California:
" | I wish to make known the dishonest practices of “FXCM”, the currency trading brokerage. I had a small “mini account” of about $500. On April 16,2008, @ about 8:50 AM EST, I shorted 1 lot GBP/USD. This trade was placed shortly after a news release, which after the usual initial volatility would have been a great short to ride down. After some upside retracement, followed by positive downside movement, which took more than 10 minutes, I placed a “stop/limit” order @ 1.97858, just above the last lower high on the minute chart. The GBP/USD was moving to the downside when I went back to bed (I live on the West coast). When I came back about 25 minutes later, my position was closed out. However, looking at the same minute chart, the GBP/USD AT NO TIME CAME CLOSE TO MY STOP/LIMIT ORDER. I called “FXCM” and the broker LIED and claimed I was stopped out 4 minutes after I entered the trade. I have asked “FXCM” for records for that day and they do not comply. Later that day, when I had cooled down, another person @ “FXCM” whose name is “Mike”, listened to me and said he would get back to me with more information. He never did. To which, I must conclude that “FXCM” is a crooked boiler room bunch of slimeballs, who have no compunction about ripping off the “little guy” trying to reach a part of the American dream. GODDAMN FXCM!!!" |
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