is it good or bad? I know there alot hatred towards it. But just want hear people who have accounts with them are the demo spread same and live spreads. thanks.
I had FXCM micro. Since I am not a scalper/day trader I did not care about spreads too much but I think they are higher than average. The "feature" I hated most about it, is waiting for my money by check. They only offer one way of withdrawing money. They do seem more polished than CMS forex. I do believe that the best way to start learning forex is to have a micro account instead of a fictional 50K demo account.
They offer 400:1 leverage but the spreads on that would make it difficult to trade. ############################# This have only one advantage -offer contest for account 500$ minimum. Objective - Trader will have contest victory in he's trading record Platform have not reserved www version for heavy network conditions (gfttrading offer that) funds are not secured ( hotspot u.k. secured, gfttrading u.k secured) is not pure agent ( hotspot is ... last time fxcm promouted most corrupt metatrader platform Matgin 400:1 offer different companies fxsol.com gftforex.com Last can offer 1600:1 liquidation margin on request for small account
there are a lot of better brokers out there. I had a lot of trouble making money with them, always in the minus.
Let's put it this way, if you can make money consistently on FXCM micro you are a damn good trader. Between the high spreads, crap data feed and intermittent spikes it is tough going. BUT it is a good proving ground and you can easily trade 1k lots with only $100. If you are looking to trade real money then there are better alternatives but FXCM micro is a good step up from a paper trading account.