What can you say about gbp/chf spread 15 pips. when you get soo high spread it doesn't matter any more what sort of quality of the execution you get.
First of all, I traded real account at FXCM and liked their platform. But, and this is a big one, their spreads are too big. If you day trade, they will kill you. That is why I left (FXCM recently launched another platform - propfx, where spreads are tighter). During major news the platform freezes, especially if you trade size. Do it few times with very short time span, and you'll end up on manual. I highly recommend not to trade the news when in forex (my opinion). EVERY FOREX MARKET MAKER SHADES. I obviously did not observe them all, but I did see the best ones doing it, so I can only imagine what smaller/less reputable do. FXCM needs to bring spreads down, otherwise they will end up with a much smaller clientele. Regards, redduke
FXCM seems to be notorious. There're many complaints. The truth about FXCM http://www.moneytec.com/forums/showthread.php?p=187318 http://www.moneytec.com/forums/show...491&postcount=2 http://www.moneytec.com/forums/show...79&postcount=15 Blatant Stop Running by Fx Solutions http://www.moneytec.com/forums/showthread.php?p=187319 Judge yourself with their comments.
Two links went weird. One word got eaten and the links turned bad. Here's the correct ones: http://www.moneytec.com/forums/showpost.php?p=181491&postcount=2 http://www.moneytec.com/forums/showpost.php?p=184079&postcount=15
I was thinking of going with fxcm but now after hearing this im having my doubts does anyone have anything good to say about them
i suggest u to read da countless threads complainin' 'bout fxcm way of handlin' orders posted here on et....u will get a good clue on how bad they really are.