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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 4116)
Author of FXCM : Washor | Date 2021-06-21
I'm very upset with FXCM broker, It's about one month passed and I still did not get my withdrawal amount. I emailed their finance division several times but none was replied. Online chat is even nastiest. All I say please stay away!
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Author of FXCM : Solvar | Date 2021-04-13
I traded with FXCM for a few years and I had an amazing experience. They were able to provide an excellent trading platform and the spreads are tight. Withdrawing funds is also easy. The processing time is only about a day and the money is immediately transferred.
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Author of FXCM : Davidson | Date 2021-01-12
FXCM is a professional and reliable broker as far I know. It has been more than a year since I started trading with them. Their high minimum account size is worth it with the service they provide. They would provide bonuses or rebates, which is a good source of motivation. The trading platform is also working well, and it's easy to use. Their trading cost is low and the customer support team is outstanding. I have nothing to complain about FXCM. They are recommended broker.
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Author of FXCM : Roddy | Date 2020-06-05
A lot of traders who are dissatisfied and disappointed with this broker. I also have experienced, when I intend to join with them, but I just sign up, I was already facing problems. Trading platform is very slow and unstable, the execution very slow and it is very difficult to trades with this broker. You will loose and whatever they give offer it has some hidden secret. They don't tell anyone.
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Author of FXCM : Valen | Date 2020-03-02
Everything is okay in my first trading process, the platform run fast because their own server are strong so the execution run smoothly and very satisfactory. In my first trading I got bonus and profit about 15% to 25%. but it all only lasted for 1 month. Entering the second month, I found something unusual in my trading activities. Their connection is very bad and often crashes, there were constant re-quotes also. Their bad platform always shutting down many times. I had a surprise when I got the approval to withdraw it was not $2250 as it should but $2150, because $100 was hidden commission kept by the broker. I'll stop this, and looking for the other broker.
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Author of FXCM : Wesri | Date 2019-11-27
First, I felt very comfortable trading with FXCM . I only feel the profit once. After that I only experience losses when I trade. These brokers make their customers comfortable only at the beginning, so as not to leave suspicion and make us add our deposit to them. How cruel a broker like this. When I want to close my account, they ask for some part of my deposit. I will not give any money to them. I will defend what I have.
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Author of FXCM : Jade | Date 2019-10-01
The trading platform of FXCM is terrible. The platform keeps on lagging and hanging so I end up with unpleasant trading results. Whenever I try to close a trade on profit, the platform would act up an I would only receive requotes. Most of the time, closing the trade would be possible only on losing positions. I don't know if there is manipulation going on, but this is my personal experience.
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Author of FXCM : Rizuki | Date 2019-08-23
After trading with FXCM in a standard account,I have experienced only worst service. As their prices and execution are delays from the real market and I can't apply scalping strategies due to slippage. Till now I have tried hard but I had lost $150 in the different pairs. Also, I have customized the MT4 platform by setting FX asset manager, it also failed to work. The worst thing is, they canceled my withdrawal of investing $200
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Author of FXCM : Gobona | Date 2019-02-15
The trading platform of FXCM is exceptional. It runs very smoothly and rarely lags. What's more impressive is it can handle high volatility and keeps the speed of execution fast unlike the other brokers I've tried before. However, the main problem and I think is one of the most important aspect of forex trading is the processing of withdrawal requests. They kept delaying my request which took almost two months. And to think that I only requested for $100, that is too long. Beside, no matter the amount, it shouldn't be processed that long.
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Author of FXCM : Opvar | Date 2018-12-03
Very poor experience with FXCM. Based Crude Oil inventories news I execute 2 orders through the platform. After my profit reached $216 I tried to close 2 trades which were in profit but even after 2 hours of constant trying I could't close as I was getting the message off quotes so I give up for that day. After one day the profit dropped to $25 when than I was able to close my trades. Avoid this broker at all cost.
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