FINED $20 million by USA regulators for 'scalping' its clients!

Non-USA 'victims' GOT *S-H-I-T!*

.....so they 'pocketed' at least $150 million from 'their foreign' clients (VICTIMS!)!

Another favourite Cliche used as damage control by fxcm is - someone is venting his anger at losing in the game. That would in reality read someone is venting his anger at being mugged in broad daylight and then being asked "What can you do about it". Fancy name of "Audit committee " for a bunch of muggers from the Ghettos.Some genuine chartist are around as a front to give verisimilitude to the claims of an institution. Paying millions to attorneys? That is a laugh. These guys are small scale penny pickpockets who probably only fix the local police. =============== About the feeling that someone is betting against you particularly when you are heavily leveraged, it is my impression that this is achieved by transferring your live trading account into a sub script in the Server of the Trading Station in FXCM. They play games like Cat and mouse and muggers club and some time transfer you back to the main program. But even in the main program the argument that you are in some way dealing in foreign exchange as the rates fluctuate all over the world is fallacious. The fact is that exchange rates vary over a small range in a day. This range is broken down into pips and your bets are leveraged on the pips. Within the range FXCM can move the rate in any direction at any given time of the day to their advantage. When you try to balance this out by a bidirectional play, they just nuke you by changing your bets on your behalf. The ever chanted excuse is that the customer anyway comes to them driven by greed. Does that justify the criminality of the operation? That is a matter of opinion %u2013 Probably they have fixed the London Bobbies to shut their eyes on this Computer scam.

Wish I had come across these coluns before falling for the fxcm sting. Sure efficient Money management is the trick. The best way of efficient Money management is to keep clear of the bandits in fxcm. Sure you can appeal to the Ombudsman- only when I did - pat came the reply that they do not deal with fxcms - only with Insurance and banks. Don't touch fxcm with a barge pole unless you are in the US and an attorney.Online computer fraud about describes fxcm. They brazenly take over you account on the computer - operate and manipulate on your behalf to run you into the ground.Famous Ciches as a sop after robbery : Efficient money management, unanticipated volatility, nature of forex markets is sudden rainfall and so on. Nothing about how they can operate your account. You are anyway powerless particularly if you are a total foreigner to the US & UK

Eventually you WILL lose your money, whether your a good or a bad trader.

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good demo but comment seem to be technical problem from or from your computer and also inexperience of trading tactics. take more time to study before going to real account. you may be good on demo but your reaction toward real is different.

Two, years + Have seen some slippage, but only when the markets are moving fast. Great service, fast wire-transfers, 8 out of 10, taking 2 off cause the spreads get wider just as the markets close, and you cannot start trading the gaps Sunday evening.. Late starts... Active Trader is great for scalping.. 50K + account balance...
Other brokers, IB, MB, and Alpari, where horride...
Onanda, is next... Great I Pad software

I tried to open an account with them, money was sent (25K) - money was from a joint account so not accepted, now two weeks later, they have not opened my account or sent my money back. (despite reassurances to the contrary). So what happens if you make a lot of money? do they ever give it back to you. I have lost my trust now. Has anybody else had this problem? thank you.

I share the same feelings with others, I thought I am just the only one experiencing these. When I open a demo account with FXCM it is seems the trend is friendly with me and easy to get profit, I am convinced to open live account the trend is always against me, I had a hard time to make profits, I felt there is someone trading against me, whatever position I enter it eventually reverses by position and price gap is too wide, but in practice it looks good. Also their broker agents are very persistent to make you open live account even when you are just practicing new, when you loss they advice to deposit again until you got broke, after that they are not so concern with you anymore.

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I've been with them for about 3 years and they have been very good. I had problems when I was using MT4 though them so I changed to their Trading Station platform (which is heaps better anyway). I wouldnt completely trust any broker so have in the account what you need for margin and keep the rest in the bank.

I don't suggest anyone doing business with this company! They're horrible. I live in Japan but don't read/write Japanese just like most of the foreigners living in Japan. When I signed up with them they opened a US account for me- they moved me over to FXCM UK couple years later due to different legal formalities. On October 30th, 2011 they CLOSED my account because they wanted me to move my account to FXCM Tokyo. I lost close to $40K because of them going into my account and liquidating all my positions. When I called them they said- we emailed you about this. I went thru my Trash box- there was a letter in JAPANESE, that started with "Dear Customer," in Japanese. It looked like simple SPAM e-mail. They automatically assumed that since I live in Japan I read/write Japanese. If you're going to CLOSE/LOCK someones account- a phone call or a private email is necessary. I have communicated with FXCM in English from day one. When they wanted to close my account they tried to communicate with me in Japanese. Pure Non-Sense! I have requested them to compensate me- they IGNORE my emails and tell me to go complain to the Financial Ombudsman Service.
They throw you around like a bean bag when they are wrong. Really horrible customer service.

4000 EUR profit disappeared over night when Metatrader and FXCM became unsynchronized. I called FXCM and the help closong the orders took exactly the time it needed to reduce all profit to zero.

Pretty sure the attorneys who get paid millions by the company are the ONLY ones saying positive things!

Ive just lost $23k with FXCM.

I dont know whether they scammed me but I do know that the system freezes just when you dont want it to and that the slippage is horrendous when you dont want it to be becuase I am using another live feed to check prices. Also, I could swear I was being bet against especially on high leverage trades!

Again I dont know if all this is down to my inexperience but I seem to have much better luck on their demo account.

Beware.

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i played on demo for about 2 weeks and now open a real account. so far it's been great . I have never done this before. I really don't understand how do you lose i haven't had any lose postions but had made little bit. everything is really easy to figure out. the key is that try from small. don't try to jump into big deals

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Never had any problem with them ,Think its just people who lost venting.

Forex Capital Markets LLC Ordered to Pay More Than $14.2 Million to Settle CFTC Charges Relating to Its Failure to Supervise Customer Accounts
According to the CFTC order, from at least June 18, 2008 until December 17, 2010, FXCM failed to supervise diligently the handling of customer accounts traded on the FXCM platforms by its officers, employees, and agents with respect to changes in price between order placement and execution on both market orders and margin liquidation orders. The order finds that FXCM%u2019s failure prevented its customers from receiving the benefit of price movements in customers%u2019 favor, but allowed its customers to suffer detrimental price movements. The CFTC order finds that had FXCM diligently supervised its personnel, FXCM would have discovered these problems with its trade integrity and would have had the opportunity to correct them before its customers were deprived of, and FXCM benefitted by, approximately $8,261,937.

had very very terrible experience with this broker. must be something dark with them. will never deal with this broker again and warn everyone about this one.

Rating:

Never had a problem. Spread is slightly wide. Service is good.

FXCM is a good broker I've ever know.

The most losers have the same problems:
- you don't have enough Risk Management & Money Management skills.
- You don't have STOP LOST & PROFIT TARGET on position(s).

Now, try use STOP LOST & PROFIT TARGET, you'll see FXCM system ALWAYS close your position(s) on STOP LOST & PROFIT TARGET ;)

Please, check out forexpeacearmy and forex factory FXCM threads before opening a real account with this broker, be aware..