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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 4110)
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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Author of FXCM : Vhrokwez | Date 2018-09-21
I have been with FXCM for quite a long time now. I started trading with them in 2016. So far, things are pretty average. They have fixed spreads and fast execution. Although there are times when the platform crashes. Especially the web trader. I think the least stable platform they have is the web platform. When I use that, the server loads forever and often disconnects. The mt4 platform is better but it sometimes crashes on high volatility market. As for the withdrawal, they process it for a week which is pretty long but I guess that's better than not processing it at all right?
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Author of FXCM : pipjidi | Date 2018-07-23
I have been trading with FXCM since May because my recommending it to me. He feel satisfied with the profits of the trading process he did with this broker for the last 1 year. A week later I register my trading account and make a deposit but I'm still considering it, because for me minimum account size: $2,000 are too high. Last month I made deposit of $2000, then I make requested to take out my profit of 30% however this broker does not allowed me to do so. As soon as possible I contacted to customer support but seems no response and further action from their side. They have an unprofessional customer service with very slow execution. I still wait for FXCM respon about my money and do not close my account yet.
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Author of FXCM : Tufani_Fx | Date 2018-01-30
I have experienced a painful trading life with FXCM broker.The Zulutrade terminal has many good reputations in the market but with them, i can't set my desire position so far, always my orders executed 20 to 40 sec delay and I fall 1o to 20 pips requotes, sometimes the platform is too busy or disconnected from the server. while I had customized an EA But they FXCM broker didn't allow this EA, so they blocked it. I also found they charged 3-8 pips spread in the high volatility market. In one year I had profit almost $574, so I think they are not profitable too. Besides, I have seen their many negative reviews on US financial authority and for their bad service, they can not do any activity in the US. So I have been stopped trading with them too.
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Author of FXCM : AhmadYosuf | Date 2017-12-21
FXCM broker gives me a trading life as a hell. Because when i want to set a position on Zulutrade terminal, that time the order executed 20 to 40 sec delay. So always I fall 1o to 20 pips requotes. Also most of the time the platform are busy or disconnects from the server. A few months ago I had customized an own EA on the platform But they blocked it. While their terms to charged 1.8 pips spread on a standard account but the maximum time they have charged 3-8 pips. That's why I have lost my huge invests of amount $2K and tries to Stoped trading with them but they hanged my withdrawal, which I had invested with them. I know that they have many negative reviews on US financial authority and they have not any activity in the US for their bad service. Therefore I advise you be safe from FXCM broker if you don't want to become looser.
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