I was reading this reviews, and i thought that even after 5 years i was a newbie around but reading this reviews really turned me into a PRO.

First, the deposits and whidrawls with Gain Capital using Forex.com usually takes 24 hours to be in and out my account. I have hundreds of report pages with more than 100 deposits and whidrawals.

Second, each time i saw the chart touching my SP or TP without closing the order, i've contacted my account manager and he closed the position in that minute with the value of the SP or TP placed in that order. That happened to me only ONCE in 2 trading years!

Third, now they are only working with Market Execution, i want to see all these "macho-mans" placing orders and complaining about slippage cos now there isn't none!

Last, if you want to trade and get money dont trade with LIVE accounts that doesn't have enough margin to support your freakin errors and after that dont blame broker for them! Trading live with $500 usd's????? So what? You want to get to 1 million in 60 days? Forget those myths and climb down to earth... using a $25.000 account and getting between 10% amd 30% monthly is awesome with some great strategy and discipline... dont be greedy and wish to quadruplicate your $500 account in 1 week... if that happens you are a luck %%$$#%/!

Even today, that i am not working with them by legal reasons, but soon i will be back for sure, i made friends there and if someone ask me a broker to trust the earnings and savings i would say whithout any doubt, Gain Capital with Forex.com.

Greetings

Pedro Grilo
www.forexfarmer.net

PLEASE NOTE THAT THE ONLY 5-STAR REVIEW THIS HORRIBLE BROKER HAS IS FROM SOMEONE WHO ADMITS SHE HAS NEVER USED THEM!!

What can I say? WORST broker EVER. They are a dealing desk, and do not underestimate the dirty dealings of a dealing desk broker. Of course they have amazing customer service before you open an account--that's called "marketing." That is one thing they are good at. That and slippage, forgetting to trip your stops when the trade drops beyond (by as much as 10-12 pips on a 30 pip stop). Twice I have watched a stop fail to execute at all, and thankfully my position recovered before my account was bankrupted; liquidating your account when you are no where near your stop (I had the margin to cover the trade and was liquidated at 4-5 pips), did I mention SLIPPAGE? Holy moly! I have watched my position chug along slowly for hours in a general "win" position, but at a snail-pace, and then suddenly the pip shoots up 40 pips then down 40 pips in a split second, trips my stop, and continues on its merry way. The funny part? No other live platform chart shows that huge slip except FOREXTraderPRO. Every one of these dirty tricks I have mentioned has been pulled on my multiple times since late January. They absolutely will do whatever it takes to get your money. Please listen to all the others who tell you that a dealing desk will only make money if you lose money because it is a fact!

About the credit card withdrawals: I read the review here mentioning the 60 day policy, so I asked. This is incorrect--they have a 6 month policy. Still though, 6 months? After 6 months you have to request a check to be mailed to you or pay for a bank wire. Even with the credit card withdrawals it takes approximately 3-4 business days.

They offer a free coach if you deposit $1000. OK, why not? Here's why not: I wanted to see how useful a professional coach could be, so color me a sucker... The coach asked me to login to a webpage to which he gave me a password, and WOAH! He was in my computer, and he had forgotten to mention he would be coming in the backdoor. So now I have this stranger in my laptop while I have 2 browsers open and about 20 tabs open in each, and he is supposed to be showing me how to use the ForexCharts software, right? Well, he sort of showed me a little nonsense that I already knew, didn't offer me any usable advice or answer any questions in any functional way, and after about 10 minutes of wasting my time he asked if I would mind if he checked his Valentine's Day gift for his girlfriend in EBAY. Uh.... sure? Instead of opening a new tab this guy opens an existing tab I had open in my alternate browser, finds a tab where I was researching another broker, says: "Hmm, I can just get rid of this competitor's site!" and then quickly types in his EBAY auction over my URL. Then he proceeds to spend more time asking me advice on the quality of the bracelet, bragging to me about what a steal the bracelet is because of the cost of gold, and asking my opinion about whether or not I think his girlfriend will like this thing. Wow, some coach, eh? After his auction ended my coaching session was over. I had learned nothing except NEVER GIVE A FOREX.COM COACH ACCESS TO YOUR COMPUTER!!

Let's review:
1. Excessive slippage proven by comparison against other live accounts
2. Erroneous liquidation on common oscillations in winning trades
3. Failure to stop loss when the stop loss pip is reached resulting in

You can fund with a credit card. After 60 days they cut the option to withdraw with the credit card and you have to use bank TT. But problem is they'll give you all kinds of crap because they say they can only transfer money out via the source from which it came it. I funded the account with credit card and TT and when it was time to withdraw they took forever and gave me all kinds of crap about getting my money back. They also TTed the money once to a brokerage account and subsequently refused to repeat the same transfer saying that it was anti money laundering rules; but they already did 1 earlier transfer to that very same account just weeks before.

In another transfer request they got the bank account wrong and my receiving bank wired the money back. Get this, the TT cost was 50 USD plus exchange rate conversion (about another 50). When my bank sent the money back to them it converted again and I got nailed with conversion costs again and nailed again with TT fees to send it back to them. After going over all the documents I discovered they had made an error in the account number on their side. The did not reimburse me for costs and exchange rate losses. After that I still had to pay another 50 USD to them to rewire it out again.

Bunch of idiots. Stay away from them!!!

Over 3 weeks ago I filled out an application, unfortunately I funded the account at that time to help speed the process. Now 3 weeks later, and 4 applications later, they still haven't opened my account. I have asked for the deposit to be returned to my credit card - to no avail. I am very close to contacting the CC company to ask them to reverse the charge, hopefully it was not deposited at the UK brokerage.. I am sure that will make it even harder to get the deposit returned. If it will do any good I also plan on complaining to the FTC (Federal Trade Commission) and the NFA (National Futures Association) since they have a US office. BTW they have several complaints and have had to pay fines and reparations to several clients due to their business practices. This is from June 30, 2010.....

0339826 GAIN CAPITAL GROUP LLC

• C.R.2-36(b)(1) - CHEAT, DEFRAUD, DECEIVE FOREX CUSTOMERS
• C.R.2-5 - FAILURE TO COOPERATE W/ NFA
• C.R.2-36(b)(4) - ENGAGE IN ACTS REGARDING PRICE OF ANY FOREIGN CURRENCY OR FOREX TRANSACTION
• C.R.2-36(c) - FOREX DEALER MEMBERS OBSERVE HIGH STDS OF COMMERCIAL HONOR
• C.R.2-36(e) - FOREX DEALER MEMBERS SUPERVISION OF EMPLOYEES

0310776 STEVENS, GLENN HENRY

• C.R.2-36(e) - FOREX DEALER MEMBERS SUPERVISION OF EMPLOYEES

NFA ID Respondent Action Types
0339826 GAIN CAPITAL GROUP LLC • GENERAL CONDUCT
• SALES PRACTICE
0310776 STEVENS, GLENN HENRY • GENERAL CONDUCT

"failing to uphold high standards of commercial honor"
"engaging in deceptive margin and liquidation practices"
"engaging in manipulative acts or practices regarding prices received by customers on the MetaTrader trading platform"

I didn't know any of this till AFTER I had problems with them. Why would any reputable broker ask you to fund an account that doesn't even exist yet?

I wonder how many people were ripped off before someone was able to prove it was happening.

When I started to trade with this broker I had a small account of about $2000 and things were quite good. I'd get fills quite quickly, the spreads weren't great but when you're trading longer timeframes 2-4 pips doesn't really kill you. I was making money so I decided to increase my account size to around $10000 - that's when the goal posts moved. I started to see Excessive Slippage(against my trades), Price Spikes, Bad Fills and every other trick in the book. I closed my account immediately.

If you're a serious trader STAY AWAY from this Bucket Shop.

This broker is really scam. They never gave the spread they mentioned in their web site. For example, they mentioned that EUR/USD is as low as 1.1 pip for Pro account holders. But, in past 7 months, I have never seen such a spread, even during London and US market open time. It is plain cheating just to get more customers. Their customer support was not able to tell me when they did such a spread in reality.

Also, when they change the price, they first widen it for a second and then bring it to normal. For example, GBP/USD is trading for 4.5 spread Bid 1.60415 Ask 1.60460, assume that the price goes up 1 pip now, first what they do is change the ask price and wait for a second or two then change the bid price. Like this: Bid 1.60415 Ask 1.60470 for 1 or 2 seconds and then change the bid to 1.60425. If you watch it carefully, you will see it in all pairs. This is their regular practice.

One more problem is their system won't warn about the insufficient margin. Whatever, you want to buy, it will buy and then immediately the system will liquidate you. You will end up paying the spread. For small volume trader, it might be a small amount, but for 10 standard lots , easily it will come to $300 to $400 dollars loosing just in seconds.

Also, I am getting lot of re quotes.

I would suggest to "STAY AWAY" from this broker.