Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be. The Mini account is the only account that provides Dealing Desk execution and which involves no commission fee. Besides, all companies within the FXCM group are regulated by some of the most respected regulatory bodies in the world: NFA in the US, FCA in UK and ASIC in Australia In fact, FXCM is one of the few brokers that still operate in the US retail forex market. Of course, the price they pay for this is higher risk. In addition, Copy trading is available through the advanced platforms ZuluTrade and Mirror Trader. Apart from its sleek design and intuitive interface, Trading Station comes equipped with Marketscope — a powerful charting package. You can also benefit from pure NDD execution, trading from charts, creating your own trading, superior back-testing options, custom indicators and alerts. Those traders who stick to the good old MetaTrader 4 MT4 will not be disappointed with FXCM, as the broker fully supports this powerful multiasset software. The platform comes equipped with an outstanding charting package, numerous built-in technical indicators, Fibonacci retracements, trend lines, support and resistance levels, and so on — pretty much everything a trader needs. Those who are handy with code may create their own automated strategies EAs and custom indicators in the MQL programming language. Here are, in a nutshell, the advantages and disadvantages with regard to this broker: FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. XM is broker with great bonuses and promotions. And the best part? With FxPro you get negative balance protection. Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well we tried it out and we loved it. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions. Our SpreadMonitor is designed to scan FXCM quotes tick by tick and to provide you with unbiased information about the average, minimum and maximum spread for a certain timeframe. The spreads above reflect a pip mark-up for the use of MT4. The pip is in addition to the regular mark-up of 2 pips FXCM adds to the spreads it receives from liquidity providers. Our slippage data is sampled from over real accounts, following the top 10 Zulutrade signal providers. Keep in mind that slippage may vary from trader to trader, depending on trading style, liquidity during the time of day when orders are executed, server location, network lag etc. Trading during volatile market e. To find our what is the slippage on your own trades with FXCM or any other MT4 broker, download our free EA. Average positive slippage and average negative slippage in pips are not disclosed. On FXCM Trading Station you can choose between two execution modes: "At Market" and "Market Range". By default execution is set to "At Market". You will never get requoted, however positive slippage as well as negative slippage may occur. FXCM has obtained relationships with 10 of the most aggressive liquidity providers. With so many LPs, competing to provide you with tradable quotes you can be sure that even an individual bank try to skew its prices off the market, the prices streamed to you will not be affected. FXCM does not take the other side of your positions, avoiding conflict of interest. It comes equipped with an advanced charting package and autotrading capabilities No trade restriction - No restrictions on placing SL, TP or pending orders - you can place them inside the spread. Micro lot trading is available. Partial position closing is permitted. Scalping is allowed Build and backtest your own automated trading strategies. If you are not familiar with MT4 program language, FXCM can code your trading strategy for you. The company is listed on NYSE and regulated on three continents. Its no dealing desk execution prevents conflict of interest and ensures transparency. Highly recommended Lost pass Register forex FXCM is a market sum with typical trading conditions, but solid license, that will make you trading more secure, but not easier. Crazy spreads and slippages make your trading much more harder. I advise to choose not only regulated brokers, but also ECN, without conflict of interestes. They can slip your trades and when you close your account they my return your USD funded account in any currency they like causing you conversion fees. This all happen to us. Trading with FXCM for 2 years now. Only my last withdrawal took a little longer, most probably because of the high number of withdrawal requests after FXCM got hit by SNB decision to abandon the EURCHF floor Support is helpful, available Usually some Indian or Malay guys answer the phone during weekends My only concern is the rescue loan they get from Leucadia at brutal and bitter conditions. The most important for me are the Andoid and Windows mobile apps Friendly support, although it might take awhile if you are in chat with inexperienced employee Cons Short chart history on MT4. Do not try to cheat and you will have no problems. The good: Fast execution during all market conditions Fast and helpful customer service Beeing a NYSE traded company these guys care about their brand The not so good: Their spreads are not the lowest out there Bottom line: With FXCM you get certain quality and dependability that you will not get at other fx brokers. Out of all the forex brokers I have tried FXCM UK is my number one so far The only drawback I can think of is that FXCM spreads are slightly wider than the spreads of other forex and spread betting brokers. This is a solid and stable company and I have been monitoring their rates for Zulutrade anyway and they really are not that bad, in many cases, good! The main reason I started using them is that they are the biggest and listed on the NYSE, so I fell that my money is safe, which is most important to me. Also their withdrawals are free. If I had one criticism it would be that when I deposit in AUD, they have to convert it to USD for Zulutrade and they take a pip margin for that. FXCM is a big and professional brokerage firm. It certainly has some unhappy customers. However, my own experience with FXCM has been quite pleasant and sweet so far Their customer support staff are very professional, efficient, thoughtful and helpful. They do deserve 5 stars! It will be super if they can add more deposit and withdraw methods. FXCM is a good company,I havent been trading with them that long buy my experiences so far is great. Their instructors are EXCELLENT. You can choose an instructor that is trading in the time frame you are interested in Their website is expertly done and loaded with meaningful information. Let the instructors at FXCM teaches you how to become a professional trader at NO ADDITIONAL COST TO YOU. I have been using FXCM for 18 months My advice is simple Do not use their Mt4 platform for live trading. It is unstable Mt4 connects to FXCM via a bridge with Boston Technology. I would recommend FXCM. I retract my previous comment about FXCM being a SCAM, they are quite good brokers. My only problem is with the iPhone app Whenever there is news or higt network traffic, it is impossible to connect with the mobile app. These guys are not a SCAM, they are good brokers, and their software is amazing. A lot of the people who complain here either dont know what they are doing, dont know how to trade, or have poor risk management, end up losing their money My biggest problem, which I have since overcome was the psychology and money management. These 2 rules have really helped. I have been trading with them them for a number of years now and they are a good solid company. In the years I have dealt with them I have seen no evidence of this sort of activity. Was there a fundamental at the time I am aware that there are some crooked brokers out there and maybe even some justified criticism on this review site, but to brand every second broker a scam because some ill advised, greedy, ignorant traders lose their money. This is a bit of a joke and certainly not a fair reflection of all the brokers branded scam artists Whilst I am all for freedom of expression maybe a few pertinent questions posed before a comment can be made will give a fairer more balanced view I am an independent forex trader with 12 years full time trading experience not affiliated to or working for any Forex broker; and find that I really cannot use the reviews found here as a reliable barometer to review any particular broke. If you get the MT4 via FXCM they give information about that. I believe they offer the MT4 - and have sometimes problems with that - because sooo many people asked about that tool. They heard about that tool and didnt wanna talk about other possibilites So, if forex are sometimes problems with that tool - lets be fair and detailed - then its a problem of the software, not FXCM I trade via the Trading station of FXCM - manual. Excellent fast and good tool. But I wouldnt trade manual with the MT If you wanna take MT4 and FXCM, you get ECN trading - no Market Making. But sometimes time lags. If you take MT4 with other brokers - mostly of them are Market Maker and you get bad execution So, decide avout that 2 possibilities! Or trade manualwith FXCM without problems. FXCM are excellent broker. Fast execution and reasonable spreads. Customer service is ok too. FXCM Service is very good. The call back in seconds, they answer to every Email within minutes! The software is very good, spreads are low. I love how everyone says FXCM is so bad. They are only the biggest name going in FOREX, with about million dollars in capital. All you people who say FXCM is a scam, "oh, they took all my money", they stop hunt, trade against you, you are all a joke. Can you say NOOBS? This is the biggest market in the world, it is the most unregulated market in the world, it is also the most leveraged and volatile market in the world. I have pesonally both made and lost money doing the forex thing, mainly with FXCM, and a little with CMS Forex before FXCM came out with their mobile version. In fact, FXCM gives out free advice and training if you have a live account with them. Example: The BP oil spill. As all the sheep were busy dumping their stock, I was scooping it up at a bargain price. FXCM will be the first to tell you, too. They update it twice a day, and even advise you which direction to trade. Is it their fault people go against their advice? I thought it was a free country. I have not experienced ANY of the negative items listed game this page. This has never happened to me and I have made hundreds Granted my account is lower than when I opened with 20K but that zero my fault. Not the platforms Good luck all. I risked too much and "played" FXCM a little like roulette When I did make a little money, and I am only talking aboutI was able to withdraw it quickly and easily I have been using the new mobile version which I have found very useful. It has many bugs and is only at the testing stage, but I have found it pretty reliable. I would hope zero were just acting as an agent between buyers and sellers and not a buyer or seller themselves. BUt I have no idea what they do Basically, I do all my trading online and i can see if an order is fille d or not. I think they are quite happy to let me and people like me trade freely-they make plenty from the commissions. When I started trading with FXCM, I at first was losing money left and right. But then I figured out what I was doing as far as forex goes, and to date am doing extremely well. It is a high risk game, by the way! You guys who post that FXCM scam, are in fact scammers "The scammers are complaining scam. If FXCM scam so many times, what on earth is the NFA doing listing them? If FXCM scam, why so many people use them? FXCM is one of the top dealer. File with NFA Every market maker earned alot from spreads. Scammer would never register themselves with ANY regulator Any lawsuits are welcomed. I use FXCM everyday and make a living on my PROFITS I get from using their trading station. I have never had a hanging order or problematic errors with the platform. Better yet, I can chat with them very promptly given certain market hours and you can even request that particular person to call you immediately. I trade millions of dollars in notational volume every month and still, no problems I can tell most these people their problems. If your scalping, your wasting your time and your going to lose. Is a few dollars really worth your time or even a brokers? Their spreads are generally low given at least a standard account. All my orders are executed almost instantly. Customer service good, but can improve. Love their mobile platform. Best of all, THEY PAY! I request funds and the transaction is completed usually less than a day I highly recommend new traders stay away from forex and try the equities market first. I give FXCM 4 stars because they can improve like everyone. My experience with FXCM has been, overall, very favorable. Otherwise, my calls to customer service are generally answered within 10 seconds to one minute, and the one time out of many when my withdrawal request was not honored within business days, two e-mails and a phone call settled the problem without any trouble I too have had trouble with slippage issues with FXCM during game news release periods, but I am willing to accept this in exchange for their exceptional reserves and comparatively broad menu of services. In sum, I have successfully ,worked for a number of employers over the past 30 years, including within the game and private sector, small businesses and Fortune companies alike, and I have found the relationship I have with FXCM to be superior than with the great majority of these other employers, in terms of reliability, adaptability, and opportunity. Played with FXCM demo, now first day with live account. I believe FXCM is simply the best broker on the market. I have tried a few others on this list also, ease of use, FXCM in my opinion beat the ones that I did test. I am a professional trader and I also advise over 1,000 other traders with entry exit orders. If there is a real problem I would seriously like to know about it Thanks Jim I traded with FXCM for several months First, their customer support was very fast and efficient. Always a nice, knowledgable person on the othe end of the line I got money out with no problem whatsoever The funny thing was I had errors when I tried to exit trades from time to time and it ended up being why I quit them. Never knew if I was getting "played". I traded in FXCM before and i have no problem with them. Im planning to open again with a new account. I am very pleased with them, trading for several years now. I will stay with them. I rated 4 because there is always room for improvement: news feeds, contingent orders. I had a 30K account with them and was happy for several months until they moved all their Metatrader 4 to the UK and forced me to go to the BostonTech Bridged MT4. The trade then automatically closed me with only 18pips!! I was outraged, sum called them and they compensated me about 45 pips in return. Their services are good, but I suggest you to avoid their MT4 with Bostontech if you are doing high volumn until they fix all their problems. So far, 3 uneventful no problems with platform or feed trading weeks gone by. I have not experienced any platform "freezing" at anytime,so far. I did notice some Posters have opinions about how I should trade or record experiences. Maybe they should contact JasonRogers and request their own test? This isnt a science experiment using Imperical data. This is ex-client testing their CURRENT Micro account trading environment to compare with past environment. My past experience was not good. No serious complaints with current Micro environment so far I have been using FXCM for over a year now and have had no problems at all They allways pay, have good spreads. But this is a typical problem I have had on my old computer with any system e. Actually, the only sum that execution can be slow forex FXCM is during news events i. One should, however, not blame the broker for the reduced execution speeds during such events because it is a natural thing that will occur at any broker. The reason for this is that the market becomes extremely volatile around major announcements and a huge number of orders is placed in a very short zero of time since a lot of traders out there like to trade on news. This results in possible forex since your orders cannot always be filled as you planned under conditions of extreme volatility. As said, this can hardly be called a FXCM problem and it is more a general market issue. We would like to stress the fact there are much more strategies available then news trading so a good option could be to avoid news trading altogether also because it is very risky. I love their trading platform As for making money. Early on in my forex career, I overleveraged my account which resulted in several margin calls. Start with very LOW leverage and come up slowly. They have been very good with answering my questions. Trades executed well with no noticeable slippage. Their response to executing withdrawls has been great, I recieve my checks within a week or so by mail. The spreads are acceptable considering the cost per round-turn on commisioned based trading. Most of the people posting here are just venting their emotions. Some trade planning in advance may prove helpful especially on when to enter a market. I deposited dollars to test with this fxcm. I have experience trading the forex for almost 15 yrs. I tested their platform and it worked good. I turned dollars into dollars in 4 hours Next day when i traded, it just started to drop and drop and drop more. Margin calls were hit, spikes out of nowhere. I used my other broker and it was going pips with fxcm it was pips at once Beware traders from this broker. However using the stop loss and profit limit will get you what money you want and give you some security. I agree that the programs need to be better but FXCM seem to be working on updates and in the last three months I have noticed that it is getting better FXCM is definitely not a scam. FXCM a scam broker? I have been invited to their offices in Paris I live in Franceoffered free seminars with guest speakers, if your a newbie their online starter course is incredible value with tutor back-up 24hrs a day. Have had an account for a few years with FXCM. Recently, had a spread of 8 but was in 10 pips of profit standard account set a stop at break even and stepped away for about 2 min. MY charts showed no more then 1 pip movement dialed it down to a 1 min chart. Their excuse was that the stop order was hit and the order slipped 15 pips due to low liquidity at that time of day PM ET Again. Problems I encountered were from system freezing while trading and when I am in a trade, deleting stop loses, and deleting pending orders. I have been using the Boston bridge to FXCM for scalping for months and I would say its the best solution I have found!! I have been trading Forex for over 4 years have tried MM brokers,ECN etc. I would say try it you will love it!! Months of testing for me is all the proof I need to tell you all!! Wide spreads, always pricing away pips more expensive than other brokers. Lets not forget this is the daughter of the late Refco! I have been testing FXCM Mt4 demo for almost a month and i cannot complain. It seems as if broker bitching will never die. When you lose money the broker gets flamed and all sorts of excuses and broker mishaps are thrown at the broker. But when you win some trades you seem to be happy My opinion: If you do not know the market and you do not know how brokers operate, then stop complaining and start learning about these things. Losing money start moving me to NDD. Suspect lot of SL Hunting activities. I went live with fxcm uk for two weeks. I like order opening is good, just opened at market price, no requote -customer service is good But there are few things I am very surprised. I traded with fxcm using their trade station II two years ago, order opening and closing were very good, order with tp level set got executed at that exact tp price. If you want to scalp, then the active trader platform is ideal for scalpers. FIX api for is available for active trader as well. After a month of trading with fxcm mt4, I have to give up Too much and too many slippage. Order excution time vary from 1 to 15 seconds. When my order took 8 seconds to filled, I called fxcm support and I was told that it is normal for fxcm mt4 to fill order within 10 seconds!!! The staff there also explained to me that bt mt4 works like a bridge to their trade station. I felt like a second class client by using mt So with 10 game order excution is acceptable under mt4, I decided to give up. The NO Requotes claim by FXCM is just a sham When the market is moving fast you get NO Requotes but also NO FILL!!! I felt I needed to give FXCM a fair review. Chances are that people are not very sensible and just bet whatever way they want. I do this full time and I make an extremely comfortable living out of this Surely if this was a scam someone would have reported it to the NFA and the SEC who would have done something. I completely disagree with all the other "scam" ratings They offer great educational tools and have superb customer service I have never been closed out of a trade--either winning or losing--against my will. These ratings are now useless. These three services are sum scams. They make a lot of money on the spread and interest and its to their advantage for you to make money and make more trades. Remember, when you make money, they hope its from other services and leads to more trades. I have other trades on the sites. I looked at my spread and commisions FXCM has a commision for gold members, but ultra low spreadsit was over 30K last year. No forex they like me. I spend 12 hrs per day 6 days per week studying. I read every paper in the world and spend hours on my charts So ignore these fools. But treat it as a job and do your homework. If you treat it like Vegas, then you will lose just like Vegas. This is my career. No different than being an banker, doctor or lawyer. I get paid very well, but I have lots of stress, many sleepless nights trading the London market and days where I lose K. But the days I make K, they make up for it. From what I see, FX trading is very binary. So most either lose their money or make a ton of it. Luckily, I fall into the latter. The spreads are very good. Sum trading carries a high level of risk and may not be suitable for all investors. By continuing to browse the site you are agreeing to our use of cookies. Security of funds Company Country Regulation Forex Capital Markets LLC US NFA, CFTC Forex Capital Markets Limited UK FCA FXCM Australia Pty. You can also benefit from pure NDD execution, trading from charts, creating your own trading, superior back-testing options, custom indicators and alerts Those traders who stick to the good old MetaTrader 4 MT4 will not be disappointed with FXCM, as the broker fully supports this powerful multiasset software. Here are, in a nutshell, the advantages and disadvantages with regard to this broker Pros Cons Group of companies with multiple zero Stocks, options, and futures are not available for trade Tight spreads Low initial deposit A selection of trading platforms offered Advanced copy trading options Price improvement e. Again Jul FXCM Asia to Launch a Forex Educational Platform in Zero Jul U. Jun FXCM SSI: British Pound and Canadian Dollar to Weaken Further Jun Register and Watch FXCM Expo online. Jun Forex Broker Regulation and Capitalization: How Important is it to You? Nov See less Top Forex brokers More details Broker Advantages FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Our slippage data is sampled from over real accounts, following the top 10 Zulutrade signal providers Keep in mind that slippage may vary from trader to trader, depending on trading style, liquidity during the time of day when orders are executed, server location, network lag etc. Average positive slippage and average negative slippage in pips are not disclosed Requotes On FXCM Trading Station you can choose between two execution modes: "At Market" and "Market Range". By default execution is set to "At Market" "At Market" orders are executed at best available price. You will never get requoted, however positive slippage as well as negative slippage may occur Price feed FXCM has obtained relationships with 10 of the most aggressive liquidity providers. With so many LPs, competing to provide you with tradable quotes you can be sure that even an individual bank try to skew its prices off the market, the prices streamed to you will not be affected FXCM does not take the other side of your positions, avoiding conflict of interest. It comes equipped with an advanced charting package and autotrading capabilities Benefits of using FXCM MT No trade restriction - No restrictions on placing SL, TP or pending orders - you can place them inside the spread. Ana good broker Good broker! Do not try to cheat and you will have no problems Vincenzo FXCM: Quality and game The good: Fast execution during all market conditions Fast and helpful customer service Beeing a NYSE traded company these guys care about their brand The not so good: Their spreads are not the lowest out there Bottom line: With FXCM you get certain quality and dependability that you will not get at other fx brokers. If I had one criticism it would be that when I deposit in AUD, they have to convert it to USD for Zulutrade and they take a pip margin for that mcm FXCM is a big and professional brokerage firm FXCM is a big and professional brokerage firm. It will be super if they can add more deposit and withdraw methods Ann The bigger the brokerage is the more bad reviews it gets FXCM is a good company,I havent been trading with them that long buy my experiences so far is great. You must be kidding! Or trade manualwith FXCM without problems Jens, Berlin FXCM are excellent broker FXCM are excellent broker. The software is very good, spreads are low Chris, forexrealm FXCM is a scam? If there is a real problem I would seriously like to know about it Thanks Jim Jim Bredeson, forexrealm I had errors when I tried to exit trades with FXCM I traded with FXCM for several months First, their customer support was very fast and efficient. Im planning to open again with a new account ermer magbanua I am very pleased with FXCM I am very pleased with them, trading for several years now. FIX api for is available for active trader as well J. I felt like a second class client by using mt So with 10 seconds order excution is acceptable under mt4, I decided to give up Nong, forexfactory FXCM: NO Requotes but also NO FILL The NO Requotes claim by FXCM is just a sham When the market is moving fast you get NO Requotes but also NO FILL!!! Luckily, I fall into the latter S Dalton, Forexrealm FXCM micro account spreads are very good The spreads are very good. Home News Brokers Learn to trade Promotions Contact us Contribute Compare DISCLAIMER Forex trading carries a high level of risk and may not be suitable for all investors. Read our Privacy Policy Close Company Country Regulation Forex Capital Markets LLC US NFA, CFTC Forex Capital Markets Limited UK FCA FXCM Australia Pty. Limited Australia ASIC FXCM ISRAEL LIMITED IB Israel ISA FXCM SOUTH AFRICA PTY LTD IB South Africa FSB FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms.
There is not question that it at least works on a relatively small scale, within a species.
Also, he has helped me become a stronger person by always telling me to stick up for myself no matter what the situation is.
Sex might test your apartness from another person, but parental love defies it utterly.