Forex Broker

FXCM review


On-line since: 1999
Country of origin: USA
Regulation: Registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Also regulated by the official regulators in UK, Canada, Hong Kong, Australia and France
Payment options: On-line checks, bank wire, paper checks and credit cards
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100 and 1:200
Spreads: 2-3 pips on EUR/USD

About the company:

FXCM Company is one of the leading online Forex brokers. Company’s clients are residents of more than 150 countries. International representation offices and branches of FXCM Company are located in all major financial centers of the world and it allows its clients to get high quality and efficient service. 

FXCM is under the control of regulatory bodies which have authority worldwide. Thus, activity of regional office FXCM in London (Holding LLC) is regulated by the Financial Service Authority (FSA) in the UK.

FXCM 8/10 (votes 4108)
Author of FXCM : Gipta | Date 2017-08-02
FXCM is no more an ideal broker likes before! seem the service performance dropped if compare to previous year. In fact, I involved in the platform nearly to 2 year and problem keep on arise especially on platform. Last week, I lost 30 pips in a trade EUR/USD which I expected I could be my profitable trade during that time. I was supposedly to close the position but system has error and blocked all trading activities. It was disaster! Customer support was not doing the right job with very bad response and ruthless answer. Are they trying to steal my money? Please be careful guys!!
Author of FXCM : Kita | Date 2017-07-28
Before trading with the giants decided to work with ForexGrand. I'm learning from the pros. Yesterday withdrawal the first profit
Author of FXCM : Tope | Date 2017-06-30
This broker is a SCAM.I have been waiting for 2 weeks for my withdrawal.Every 2-3 days another customer representative asks me for my banking details and I give them over. And every week I am left waiting for my money, I regret trading with FXCM.
Author of FXCM : pipsyankee | Date 2017-06-05
I have my own reason why I choose FXCM and stay with them over than a year. I think, FXCM have better services compared to my previous broker in term of trading condition and withdrawal transaction. I still remember when I made my first deposit transaction it took only for 2-3 hours only for them to credit into my trading account. So far, my trading activity is good and I don’t have much issues on platform and trading tools also features worked very well for me! Normally, I used Take Profit and Stop Loss setting in order for me to manage risk and rewards in trading. Don’t worry guys about the spread is consistent as low as 2-3 pips. My orders usually are well executed and I’m not facing any re quotes so far. To be honest, profit generated in account currently is nearly to 1000 USD within a month. It is highly recommend to try out this broker and they will never let you down guys! Thanks FXCM!!
Author of FXCM : Fanny | Date 2017-05-18
Not possible to trade with this broker. Their server has many requotes during the trading time and all my orders are always delayed. Spread are extremely high and change during news and it had me lost 40% of my funds in my first trading. I've tried to contact customer service, but they do not know how to solve problems and let me wait for several weeks without an appropriate solution. I'm closing my account.
Author of FXCM : Melinda | Date 2017-03-28
I don’t recommend this broker as I had several bad experiences with it, especially related to positions on trading platform. I remember that after depositing $200, I opened a buying position on EURUSD and placed my stop loss. I was checking my trades for a while and suddenly, I realized that my stop loss had been closed although the price hadn’t been hit. I contact to support department and they told me that my account would be checked but I was waiting for results for long, around 3 weeks. Finally, one of their managers sent an email telling me that there was not any problem in my account and maybe it was a mistake of my Internet connection. What a disaster of broker!
Author of FXCM : Bhikam8 | Date 2017-03-06
FXCM is a liar broker. They put wrong information on their website. They advertise that the spread on AUD/USD is 0.5 pips and USD/JPY spread is 0.4 pips but my total 13 trades closed with 4.5 pips spreads on both pair. Another thing they stated they approve withdrawals within 8 working hours, but they approved my withdrawals after 16 the 12 business days. So that I'm really uncomfortable and worry about this broker.
Author of FXCM : Yonce | Date 2017-02-22
FXCM is an excellent broker, and I have no complaint with this broker. I have joined this broker for 2 years, and I satisfy with my choice. They are well regulated and honest. In addition, this broker usually gives their best service to support me in trading. 3 days ago, I earned profit with 700$ in trading, so I wanted to withdraw profit. Unfortunately, I got error in my account when I made request to withdraw. Hence, I called their support to fix my matter, and I think I will wait a long time to get money. Surprisingly, I could receive money in 5 hours, because their support tried their best to fix error and transfer money to my account. It’s awesome, and these guys are great. Besides, FXCM has fair spreads, and their trading platform has some nice features like trading directly from the charts. In general, I think I will keep up trading with this broker, and I advise all of you should try FXCM. FXCM is the best!!!
Author of FXCM : Corey | Date 2017-02-22
Olo Trading is the worst broker whenever I need their help. I have just joined this broker 6 months, but I have many problems with them. I trade forex in 6 years, so I’m confident to earn profit when I trade. I would like to share my bad case with this broker. 3 weeks ago, I invest 950$ to trade forex, and I got profit with 900$. Therefore, I made a withdrawal with all my profit – 900$, but I got nothing in my account after waiting 3 days. Hence, I called their support to ask about it, and they said that money will come my account in next day. However, I just got a half of amount money – 450$, and I was shocked. Again, I continued calling them, and they promised they would transfer the rest amount in soon. Actually, they didn’t do it, and I loss money. I can’t stand with these guys, they are a liar. Finally, I quit trading with Olo Trading, and I gave up money which is on my account. I can’t work with a cheater, and they take away my money. All in all, please be careful Olo Trading, and I don’t suggest them to any trader!!
Author of FXCM : Saminu | Date 2017-01-16
FXCM is a very terrible broker, I never for once enjoy the platform at all, I was attracted to the platform due to the beautiful advanced platform, not knowing they they are just a market maker. They often trade against their traders and whenever someone complain about this they always reply that one does not know how to read the market, and I don't even know why I decided to trade on FXCM platform initially. Experience on their platform has been so horrible they have always traded against me, it happened to me last week when I traded GBP/USD, EUR/JPY, USD/JPY as I was monitoring my trades the USD for GBP/USD spiked up and eat my stop and I was left with only $300 out of $2500. I won't recommend them!
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