Re: All About FXCM
I have a live account with FXCM and I'm going to get out very soon. I traded during NFP last week and closed my position for a 21 pip gain, or so I thought. 2 minutes later, when the position finally closed, it ended up a 5 pip loss. This is doubly frustrating because my SL was at breakeven.
I thought that this was maybe just because of volatility at NFP, but I set a new record today, when my position took 3 minutes to close and slipped another 20pips in the wrong direction.
Even if you are a good trader, you probably aren't good enough to make money when your fills take 2 minutes and slip 20 pips against you.
I'd advise AVOIDING FXCM UK.