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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 4103)
Author of FXCM : Jack | Date 2016-03-21
Customer Support is not active to support. These thing make me stay away from this broker.
Author of FXCM : Big Bang | Date 2016-03-15
A well-known and established broker, and the best part is, that they are strongly regulated. I would undoubtedly invest bigger amounts with them. The bad thing is that their technical support seems to be quite busy and usually they don’t answer to requests in time.
Author of FXCM : Gil | Date 2016-03-03
I have not faced any trouble with FXCM, their support is very good and reliable. Most traders care about the withdrawal, which I found they are very fast with. However, they have small problems which are the entry set and the slippage, when I set stop SELL or BUY some time it does not take it from the entry that I want. Also, they have slippage problem, I was trading with other broker and I noticed my SL hit on FXCM and it did not on the other brokers.
Author of FXCM : arilton | Date 2016-02-16
The trading platform kept on crashing and pinning me down. I couldn't focus on my orders.
Author of FXCM : Carlin | Date 2016-02-14
Stay well away, they are total scam. I cannot recall how many times I've been recently scammed by FXCM. I've got screen shots and charts and feeds from various brokers to prove, they will stop you out although the price next reached it. Their software will freeze up all too often, at times when it's going against your position. The software will freeze up not allowing you to close your positions, orders will be filled at huge slips although the price wasn't volatile, and at volatile times it will take out your orders with huge slips. Sum up, do not risk your money with this broker, stay well away!
Author of FXCM : anazaidAli | Date 2016-02-01
I tried to send some funds to my account but to no success.
Author of FXCM : Yan | Date 2016-02-01
I have been trying to open a PAMM account with them to run FAPTurbo for 3 WEEKS NOW!!!!.... Zero support.... zero contact.... very disappointed...
Author of FXCM : namireads | Date 2016-01-28
There were some rumors regarding the platform of this broker. I heard that some of the prices are not real. According to them, they manipulate the price feed.
Author of FXCM : aceline005 | Date 2016-01-18
The trading platform is good. Just do something with your demo trading contests because it does not give profits.
Author of FXCM : Stephen | Date 2016-01-17
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 spreads are good, and I had no problems with WD. It's just I don't like their leverage
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