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FXCM review
FXCM


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 : maria theresa | Date 2016-01-12
I will no longer open an account with them because of the ridiculous spreads. Also, the slippages almost killed my account today
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Author of FXCM : y0g3b | Date 2015-11-30
Lack of communication and professionalism is my biggest concern. No idea how to help the client in a simple way.
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Author of FXCM : Nikolai | Date 2015-11-24
I've opened an account at this broker. I want to say the next: when time for news release the spread was very wide big, bad exception as well as slippage on every trade. It is not usable for me. Scalping is not allowed.
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Author of FXCM : Niklas | Date 2015-11-24
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. Always, there have no connections and requotes. Now I am with two other brokers so far I am satisfied. Not as bad as FXCM!
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Author of FXCM : winawaits | Date 2015-11-08
This company won't allow consecutive withdrawals. I also noticed that the trading performance is getting worst.
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Author of FXCM : Harvill | Date 2015-10-28
FXCM is terrible. I've been with them for almost three years and their system went down three times (way to 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. I'm so upset. They are one of the biggest currency brokers out there but they are highly unethical. Do not open your account with them because you will lose money.
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Author of FXCM : Gehret | Date 2015-10-08
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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Author of FXCM : shard&&& ** | Date 2015-09-03
After sending few of my withdrawal requests, this company tried to prevent it. They always rejected all my requests.
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Author of FXCM : melosco: il | Date 2015-09-02
The trading platform is the only thing that they should improve rapidly, especially the graphs and the indicators.
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Author of FXCM : Cassonte | Date 2015-08-06
I am wondering if I can withdraw few of my profits today via Paypal.
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