FXCM Reviews

★ ★ ★

+Rate and review this broker below

Broker information

FXCM - Forex Capital Markets Forex broker reviews

  • Websites:
    www.fxcm.co.uk
    www.forextrading.com.au
  • Year since: 1999
  • Headquarters: New York, United States
  • Company registration: US – Forex Capital Markets, LLC
  • Regulation:
    Canada – FXCM Canada Ltd. – PartyID # 182963
    London – Forex Capital Markets Ltd. – FSA # 217689
    Hong Kong – FXCM Asia Ltd. – SFC CE # AIM232

Rate and Review this Broker

Add Review

0 Reviews


Very happy with these guys. They have copped some bad press for a case against them re slippage, however I was repaid [a small amount] and in my view this experience for them will keep them honest as the regulators are watching. Spreads are now close to the industry’s best and any dealings with them are very professional and efficient.


Definitely major slippage and the spreads are high. Constantly try to make a trade and will get off quotes or invalid price especially when spreads drop low. They very rarely allow you to get the low spread. Tired of their crap looking for a more reputable reliable broker.


REal crap broker keep well awy from it it robs you blind Dealing desk operating and they still advertise no dealing desks ,go and read their websit you will find the dealind desks , do not give your money to them ,rubish


Not recommend due to they had a case 🙁

from the NFA site:

the case summary: http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0308179&case=11BCC00016&contrib=NFA

scroll all the way down to find the case documents.

Narrative for 0308179 – FOREX CAPITAL MARKETS LLC
COMPLAINT:
On August 12, 2011, NFA issued a Complaint charging FXCM with retaining gains derived from positive price slippage; failing to adopt or carry out adequate procedures to ensure the efficient execution of all customer orders; failing to treat all customers equally when giving price adjustments; and failing to adequately investigate suspicious activity in all customers’ accounts. The Complaint charged FXCM and Niv with failing to supervise.

DECISION:

On August 12, 2011, pursuant to a settlement offer submitted by FXCM and Niv, FXCM was ordered, within 30 days of the effective date of the Decision, to make a good faith effort to credit the accounts of its customers the amount of positive slippage which its customers experienced on their trades from and after June 18, 2008. FXCM shall provide verification to NFA of these credits. In addition, FXCM was ordered to pay $2,000,000 to NFA as a monetary sanction. In the future, FXCM will not engage in price slippage or margin liquidation practices; and, in the future, when FXCM voluntarily gives a customer a price adjustment, it shall also determine whether or not it is appropriate to make the same price adjustment for other similarly situated customers.

Finally, within 30 days of the effective date of the Decision, FXCM was ordered to adopt and implement adequate procedures – or enhance existing procedures – to ensure the efficient execution of customer orders and to ensure compliance with NFA’s AML requirements.


I have been working with some other brokers. this broker is very relyable broker and help you to make profit.