Question:

Any one use FXCM?

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Does anyone have a live account with FXCM ? What do you like and dislike about them? I have had a demo account with them for a few months, just nervous about pulling the trigger. Would like to correspond with someone who uses them

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  1. This site has a few reviews.http://www.forexrealm.com/brokers-review...

    Depends what level of trader you are.  If you are in the beginning stages and want a simulated trade account don't worry use the product.  It is when you have experience and are trading a cash account that you must check some resources.

    Forex is an unregulated market, alot of international brokers will clear all in house and can trade against you.  If the information comes off of their servers they can spike against you in their platforms and take your account.

    See if they can trade against you and although it takes time read the fine print.  You might find that you are signing a document which is leaving an open line to your social security number against any trades that go against you above the capital you have in the account.

    Watch out.

    BrightStone

    Http://www.TradingOnlineMadeEasy.com


  2. yes, but i dont know how to use the software..... can anybody help me ????

  3. I haven't used FXCM for a year. Currently I am using Oanda's platform.  

    FXCM platform was very easy to understand and trade with, but somehow it always got frozen, and i couldn't either enter a trade or close a trade.  I don't know if such problems still exist.

    Currently I am using Oanda, I feel ok, although I can't trade during the news because of the wider spread.

  4. I used to trade with FXCM. I did not encounter any problems with their service, and trading platform. I decided to move my business to oanda for the following reasons:

    - oanda does not have a monimum account requirement. Clients who wish to test drive foreign exchange trading can do so with as little as $10. With FXCM, the minimum to open a mini account is $300 with $50 fee if your account falls below their minimum requirement.

    - You can trade fractional lots with oanda. This is good with my kind of money management. Fractional lots means I can make a trade for only one dollar and with 50:1 margin. You can't do this with fxcm.

    - oanda's trading platform is web-based. This means I can trade anywhere in the world where I can find a computer and internet connection. No need to download a trading platform.

    - with regards to spreads: i trade on momentum, seldom intraday. There is not much difference in the spreads between these two brokers, for me at least, with the way I trade.

    There was a link provided in one of the answers you got here. I think the ratings for oanda were inaccurate with that website. I have been managing funds/trading since 1997. Among the circle of professional traders that I know, oanda is one of the more reputable firms out there today. But don't take my word for it. Try opening a demo trading account with them and see how it goes. Better yet, open an account with both fxcm and oanda and see which one will suit your needs best.

    Hope this helps.

    - Jim http://jsforex.blogspot.com

    PS

    Feel free to contact me through either my profile here, or through my website if you need to correspond with an active trader. Good luck!

  5. Check them out at http://www.RipOffReport.com

    Anyone who has any problems with the company will go there to tell the general public.
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