 "Bucket Shop" - Shagi | November 11, 2010 2:20 PM |
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STAY AWAY. Triggering stops beyond the day's range( H&L.) |
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| "Not Reliable" - Kalparker | July 01, 2010 11:00 AM |
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I have tried FXCM for a while, once with a large account around 100k, and recently with 5k. They are a poor broker. There system occasionally goes down, and you can miss out on closing a trade. A few times they have gone down for over a day. They release software updates to there active trader program, without properly testing them before release on the demo customers. I few times there was a flash software issue, that caused you not to be able to log in. It took forever to fix, and had a annoying work around fix, to get in. During that time if you have positions, your to busy with getting it working then actually focusing on the markets. They have stop hunters, i have noticed a few times, there great ecn platform, take you of a position even though the price is outside of the daily h/l. |
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| "One of the WORST brokers out there" - southbeach4me | June 26, 2010 1:27 PM |
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Don't let the previous good comments by "artes" fool you. This firm has stolen more money from clients thru huge slippage and order execution interference than you can imagine. Why do you think they have had to pay hundreds of thousands of $$ in fines to the CFTC ? |
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 "One Of the best FX Broker" - artes | May 30, 2010 12:07 PM |
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Very good tools Very good execution Respect of the price Good spreads into regular hours. I use from few years, I like trailing when gain appear.. And more other advantages, like Charts , datas, FxNews and tools |
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| "Pretends to be an honest legitmate broker, but isn't" - Kalparker | November 13, 2009 2:36 PM |
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So there new Active Trader Program is pretty poor. It was a nice thought, but it's built on Adobe Flash, which isn't a good trading platform. Most firms are OS specific or Java. There is a lag when trading, sometimes prices freeze so the platform fills u in at a higher then market price, you don't notice it unless you trade a lot and see it happen every now and then. There margin liquidation system is usually the worst, a few times the price is closed at the highest tick. The ECN system is supposed to help customers. Imagine, with that ECN system your closed out a price 1 pip higher then the high for the day. Asked to explain why they will tell you that it was the ask price. They release new updates to there software without proper testing, so it's really for new traders who can get cleaned out. There current customers have to suffer in there trading and report technical problems. Currently active traders have to delete there cache after each they close the program otherwise they can't log in. |
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