FXCM Review 2023 Update – Is it a good broker or not?
| General Information |
|
|---|---|
| Broker Name: | FXCM Ltd. |
| Broker Type: | Forex |
| Country: | United Kingdom |
| Operating since year: | 1999 |
| Regulation: | AMF, ASIC, BaFin, CONSOB, FCA, FSB |
| Address: | 0 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom |
| Broker status: | Regulated |
| Customer Service | |
| Phone: | +1 646 253 1401 |
| Email: | General Inquiries: info@fxcmmarkets.com |
| Account Specific Inquiries: | info@fxcmmarkets.com |
| Languages: | English, Chinese, German, French, Italian, Spanish, Vietnamese, Arabic. |
| Availability: | Monday to Friday. 24/5 |
| Trading | |
| Trading platforms: | MT4 |
| Trading platform Time zone: | International |
| Demo account: | YES |
| Mobile trading: | YES |
| Web-based trading: | YES |
| Bonuses: | YES |
| Other trading instruments: | YES |
| Account | |
| Minimum deposit ($): | $50 |
| Maximal leverage: | 1:30 |
| Spread: | YES |
| Scalping allowed: | YES |
Review Contents:
- FXCM General Information;
- Tradable Products;
- FXCM Trading Accounts;
- Deposit & Withdrawals Options;
- Research Tools;
- Platforms and Tools;
- FXCM Review Conclusion.
FXCM General Information
A FXCM Ltd, also known as Forex Capital Markets, is a Broker Company based in the UK. Originally founded in New York in 1999, London-based FXCM grew rapidly. Its head office is located at 20 Gresham Street, fourth Floor, London EC2V 7JE, United Kingdom. Following the 2010 acquisition of UK-based ODL Group FXCM is one of the world’s largest retail forex broker.
FXCM online broker company faced some allegations, starting with fines triggered by accusations of slippage mismanagement and ending with a long-lasting ban on United States operations as part of a February 2017 agreement with Commodity Futures Trading Commission (CFTC).
Jefferies Financial Group, formerly Leucadia National Corp, holds a majority interest.
The brokerage firm also maintains offices in several other locations, like Australia, several EU countries, and South Africa. It currently runs ten sales offices on five continents. So, the broker is quite popular in the online trading community. It won various awards.
In 2015, FXCM had a big loss when the Swiss franc was no longer tied to the US dollar. Since then, FXCM has been focused on helping both new and experienced traders with their trading needs.
What does FXCM platform support?
FXCM platform choices support all types of trading styles and account levels. It has an impressive educational portal that focuses on lower-skilled clients and beginner traders. Thought, the research section is less comprehensive, lacking webinars, and videos.
Bottom line trading costs are a little bit complicated to estimate from site documentation. This generates transparency issues for both standard and active trader accounts.
Investor Protection & FXCM Regulations
In terms of regulatory oversight, the UK’s Financial Conduct Authority (FCA ) regulates FXCM. The FCA is one of Europe’s leading financial regulatory agencies. Moreover, it is highly regarded. It offers a high level of protection to traders.
Besides, the Financial Services Compensation Scheme (FSCS) protects UK clients of FXCM. Moreover, in case of scam and theft the company reimburses up to a maximum of 50,000 pounds. Furthermore, other regulatory agencies collaborate with FXCM such as European AMF, BAFIN, CONSOB as well as in Australia by ASIC.
It doesn’t operate a bank
To sum up everything, FXCM is publicly traded, does not operate a bank, and is authorized by three tier-1 regulators (high trust): Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), and the Financial Conduct Authority (FCA). Also, two tier-2 regulators (average trust), and zero tier-3 regulators (low trust).
Reliability
FXCM is a well-known forex trading company among its peers. However, in 2017, the broker suffered a setback to its reputation in the US market. Over the last few years, FXCM has been working hard towards rebuilding its reputation and brand.
Actually, over the last couple of years, FXCM has won several awards. It is a reliable proof of its commitment to regaining its prestige among the online trading community. In 2017, FXEmpire nominated it for “Best Customer Support.”
Tradable Products
FXCM offers six different classes of assets in total across 39 currency pairs, 13 indices, two cryptos, one treasury, metal, and nine commodities. In other words, terms of tradable products
FXCM offers to trade in the forex market commodities and indices. UK clients also have an opportunity to participate in spread betting on currency pairs.
FXCM Trading Accounts
When it comes to trading accounts, FXCM provides a selection of three options: Mini, Standard, and Active Trader accounts. Each account type has its own minimum deposit requirement, spread variations, and access to specific currency pairs.
To assist in selecting the most suitable account for individual needs, FXCM offers an online wizard that guides traders through the process of account selection based on their specific requirements and preferences.
This ensures that traders can choose the account that aligns with their trading goals and preferences with ease.
Mini trading account
The FXCM Mini account is specifically designed for newcomers to the FX market. With smaller contract sizes of 10,000 units, 1/10th the size of a standard account, it offers traders the opportunity to engage in live trading with reduced risk and exposure. Additionally, the Mini account allows traders to familiarize themselves with FXCM’s dealing practices, the stability of the FX Trading Station, and the overall quality and reliability of FXCM’s services.
This account type is suitable for various individuals, including new FX traders transitioning from stocks or futures, those with account balances below $10,000, traders seeking to test FXCM’s execution and services, experienced traders refining their trading strategies, and traders looking for free access to FXCM Trade Ideas.
Standard trading account
FXCM is available under the regulation of CySEC, FCA, ASIC, and FSCA, ensuring a regulated and secure trading environment. Traders have access to a diverse range of markets, including Forex, forex baskets, commodities, indices, stocks, stock baskets, and cryptocurrencies, with over 100 assets in total.
The commission structure involves floating spreads starting from 1.3 pips on forex, without any additional commissions, although a rollover fee is charged for positions held overnight. Traders can choose from multiple platforms, including MT4, Trading Station, TradingView, and Capitalise AI, offering flexibility and advanced trading features.
The trade size starts from 1 micro lot, allowing for precise position sizing. Leverage of up to 1:30 is available, providing increased trading power. Opening an account is convenient, with an unlimited demo account for practice purposes, and a minimum deposit requirement of $50 (ASIC, FSCA) or $300 (CySEC, FCA) for a live account.
Active trading account
FXCM is a trusted broker available under the regulation of CySEC, FCA, ASIC, and FSCA, ensuring a safe trading environment. With a wide range of markets, including Forex, forex baskets, commodities, indices, stocks, stock baskets, and cryptocurrencies, traders have access to over 100 assets to diversify their portfolio.
The commission structure features spreads starting from 1.3 pips, and rollover fees apply to positions held open for consecutive days. Traders can choose from top-notch platforms like MT4, Trading Station, TradingView, and Capitalise AI to suit their trading preferences. The trade size starts from 1 micro lot, allowing for precise position sizing. Leverage of up to 1:30 is available, providing opportunities for increased trading power.
Special features include:
- Dedicated support
- Up to 2 free withdrawals per month
- Expedited processing times
- Rebate pricing (available with ASIC regulation).
Opening an account is hassle-free, with the option to start with an unlimited demo account for practice. For a live account, the minimum deposit required is $50 (ASIC, FSCA) or $300 (CySEC, FCA).
Live Trading Account
It takes three simple steps to open a live trading account on FXCM.
STEP 1:
An investor selects the country of residence. Chooses a preferred trading platform. Proceeds and clicks on “Begin Application.” Afterward, the client is redirected to a secure server to complete the registration form.
STEP 2:
The clients fill out the registration form with all the required details. Once the application form has been completed and submitted, FXCM will then process the application and email an account number.
To complete the application, the FXCM user will be required to submit two documents, a government-issued ID and proof of residence. Once every step is completed, only a last and final step is left, which is to fund the trading account.
STEP 3:
The final step of the account opening process is to fund a trading account after which the trading begins immediately.
Deposit & Withdrawals Options
When it comes to funding a trading account, FXCM provides support for four main types of payment methods. This includes credit/debit cards, electronic fund transfer, bank wire transfer, UnionPay, Skrill, and Neteller.
Also, all Bank Wire requests are charged with a $40 withdrawal fee. They claim to process the client’s withdrawal requests within one to two business days where possible. Deposits are free of charge.
Customer Support at FXCM
FXCM online customer support system is provided on a 24/5 basis. The response of the support team is commendable. Although, any queries on live chat are attended to almost immediately.
Traders can get in touch with the support team through Live chat, email, SMS message or call them directly on the telephone. International clients can call FXCM on a localized number if they are based in the following countries:
- AUSTRALIA
- HONG KONG
- ITALY
- CANADA
- FRANCE
- SOUTH AFRICA
- GERMANY
- ISRAEL
- GREECE
- FXCM UK
Research Tools
FXCM provides forex traders with a wide range of market research tools and resources that will appease the majority.
Benefits
- In 2018 FXCM launched Quant News, featuring videos, webinars, and news articles for algorithmic traders.
- FXCM has done a good job in incorporating educational information into its research.
- Moreover, noting that FXCM’s research tools include news headlines from Investing.com, premium content from Trading Central, as well as a market screener tool and a pattern-recognition scanner developed in conjunction with Grid Sight Technologies LTD.
Considerations
- NONE
FXCM Platforms and Tools
FXCM sets a quite high bar. The FXCM broker offers a growing range of trading platforms and tools for algorithmic trading. Also, the Trading Station platform and third-party platforms such as MetaTrader4 (MT4) and NinjaTrader are accessible via desktop, the web, and mobile.
Benefits
- FXCM’s main trading platform, Trading Station, does well at catering to the forex trader needs, regardless of skill level. The Marketscope 2.0 charting feature within the platform is a powerful charting package that runs in parallel to the main platform window.
- The web version of Trading Station runs smoothly. Charts pack nearly the same number of indicators as the desktop.
- FXCM NinjaTrader platform from FXCM features numerous trading tools. It helps in creating trading strategies and indicators from scratch.
- The FXCM App store provides various technical indicators, add-ons, and automated trading robots for Trading Station, FXCM MT4, and NinjaTrader platforms.
- Also there is a dedicated technical support team to assist traders in developing their MetaTrader4 Expert Advisors (EAs).
Considerations
- FXCM’s Trading Station platform and the company’s Active Trader offering can captivate and engage the sophisticated trader, but newcomers may face an arduous learning process due to the advanced platform features that may require getting used to in tie-up with FXCM’s educational materials.
- While NinjaTrader does not come pre-loaded with trading strategies, users can make their own or use the third party developed NinjaScripts, similar to how the MT4 platform operates.
FXCM Review Conclusion
Therefore, the question “is FXCM good for traders?” has an easy answer. Yes, it is. Overall, FXCM has been able to offer its traders a fulfilling trading experience on its trading platform. FXCM is a great choice for active forex traders.
Besides, it has competitive spreads, as well as automated trading strategies. All of FXCM’s platforms offer traders the ability to run algorithmic trading and access advanced charting tools.
Advantages
- Regulated Broker
- Low minimum deposit requirement
- Numerous free trading tools provided
- MetaTrader and home¬have grown Trading Station
- Algo trading APIs and third-party specialty platforms
- Social/Copy trading platforms
- Multiple choices of trading platforms
Disadvantages
- Specialty platforms incur fees
- Weak CFD coverage
- After losing US regulatory license doesn’t accept US clients
- No share coverage.In short, FXCM is a publicly traded company that is authorized by three top regulators: ASIC, IIROC, and FCA. It is not a bank.
Conclusion
In conclusion, FXCM Ltd, a renowned broker company, has established itself as a major player in the global forex market since its founding in 1999.
Despite facing some challenges, including fines and a ban on operations in the United States, FXCM remains a popular choice among traders worldwide. With its headquarters in London and offices in multiple countries.
It includes Australia, several EU countries, and South Africa, FXCM has a strong global presence. Traders benefit from features such as competitive average spreads, an economic calendar, trading signals, and a variety of account types to suit their needs.
FXCM’s association with Jefferies Financial Group further enhances its credibility in the industry. The numerous awards it has received attest to its commitment to providing quality services to the online trading community. For additional information visit the fxcm-markets.com review page!
Overall
-
Support
(4.5)
-
Platform
(4.5)
-
Spread
(4.5)
-
Trading Instrument
(4.5)
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Worst trading signals
Huge slippage and the worst trading signals I have ever used.
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Avoid this broker
Avoid trading with this broker, they are not a good company.
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Worthless broker
Worthless broker company. Dealing with them is just a waste of money and time.
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Unhappy with trading results
I am not happy with my trading results. I have used the service for a month, I wonder if I need longer time to see good result,but I really have to quit becuse I am afraid to incur so much losses.
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Expensive
Huge price difference compares to other brokers. They have the most expensive per-lot price and they keep on increasing their prices.
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Very slow withdrawal
Not a good broker service. Have traded with them and withdrawal is very slow.
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Disappointed with this broker
I am truly disappointed when I traded with this broker. They have set very high standards as if services are all great. But extremely unhappy on actual trading, false promotions.
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Do not deal with them
Funny how these people believe that they can get bank details over the phone. Do not provide anything when they called.
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Not a good broker
Not a good trading broker to deal with. Withdrawal is very slow and signals are not that good.
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Poor offers
Poor offers. Do not deal with them.
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Slow withdrawals
Slow withdrawals. Very frustrating wait time I have ever experienced.
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Poor communication skills
Poor communication skills. These people lack comprehension and do not listen to concerns.
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Worst
They are the worst trading company I have ever seen.
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Scammers
Do not provide any details to these people. They are scammers.
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Do not trade here
Do not pay profit. Do not trade here.
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Poor customer service
Poor customer service. They seem clueless about their job.
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Slow withdrawals
Slow withdrawals. I had hard time waiting for my money. So annoying.
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Unsatisfied
Unsatisfied with this broker’s services. Withdrawals are very slow and signals are poor.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Fake brokers
They have their own website and have their own market movements..all of these are unreal. Stay away from this fake brokers.
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Poor offers
Poor offers. Do not deal with them.
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Poor services
Poor services. I will never use this broker service again.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Poor services
They are just after our hard-earned money. Poor services.
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Stay away
Stay away from this broker. They do chart manipulation, which I notice is a bit different from my research.
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Poor customer service
Poor customer service. They seem clueless about their job.
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Horrible services
Horrible trading services. I lost money on their online trading. Do not deal with them.
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Poor forex broker
Slow withdrawals, poor services, and unprofitable signals. I will never trade with them again.
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Poor broker
Poor trading conditions and slow withdrawals. Services aren’t good too.
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Poor services
Poor services. I will never use this broker service again.
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Slow withdrawals
Slow customer service and slow withdrawals. I will never trade with them again.
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Slow withdrawals
Slow withdrawals. Very frustrating wait time I have ever experienced.
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So much losses
Not worth trading with. I had so many losses.
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Horrible experience
Horrible Experience. They are proven to be scammers.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Worst company
Worst trading company. Avoid them.
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Poor trading software
I had a real struggle with their software. Aside from its confusing interface, there are so many technical problems.
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Slow withdrawals
Slow customer service and slow withdrawals. I will never trade with them again.
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Rude customer service
I am not pleased with the services. Customer service are very unresponsive and rude.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Unprofitable signals
Inaccurate and unprofitable signals. Do not use their services.
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Unreliable signals
Unreliable trading signals. Not a good fit for online trading.
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Unreliable
Unreliable trading service. Just a waste of money and time.
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Unprofessional
They did not value me and my time as their client. Do not meet the agreed time of callbacks.
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Do not trade here
Do not trade here. They do not approve withdrawal requests.
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Very slow withdrawal
Not a good broker service. Have traded with them and withdrawal is very slow.
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Poor customer service
Poor customer service. They are so unresponsive on emails and chats and are sounded very rude on the phone.
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Bad brokers
I regret trading with this broker. I was not able to withdraw anything. They’ve freeze my account because according to them I did not meet the terms to qualify for withdrawal. I have lost a lot and is no longer willing to add more money, I’m afraid it might just add to losses instead of recovering.
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Bad forex broker
I am so furious about this broker company because they have closed my account accusing me of some violation after they see some great profit from my trades. My account is still frozen and I am unable to get my money back.
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Slow customer service
Slow customer service. They do not treat important matters urgently.
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Poor company
Poor company. Do not deal with them.
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Do not deal with them
Funny how these people believe that they can get bank details over the phone. Do not provide anything when they called.
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Delayed withdrawals
Delayed withdrawals are my reason for quitting. I don’t think they are good brokers to deal with.
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Poor customer service
Poor customer service. They have very thick accents and can not communicate well.
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Do not trade here
Do not trade here. They do not approve withdrawal requests.
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Unsatisfied
Unsatisfied with this broker’s services. Withdrawals are very slow and signals are poor.
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Slow withdrawals
Slow withdrawals. I had a hard time waiting for my money. So annoying.
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Incompetent support
Their support takes a few days to reply to my emails, I have waited so much only to get incompetent answers from them.
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Not a good broker
They are very unprofessional in dealing with customers. Not a good broker.
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Avoid this broker
Avoid this broker by all means. They do not pay off profit and are very rude.
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Terrible business
This is a terrible business. They earn by collecting money and making people believe they lost in a trade.
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Bad broker
Don’t fall for their trading offers. It’s a trap, all they want from you is your money.
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Unreliable
Inaccurate market analysis and poor broker advice. The services are very unreliable.
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Slow withdrawals
Slow withdrawals. Annoying long wait and so many follow-ups.
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Worst trading signals
The worst trading signals I have ever seen. I get consecutive losses and worst it is very difficult to request a withdrawal.
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Worst
Do not deal with this broker. Their services are one of the worst.
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Not a good broker
Not a good trading broker to deal with. Withdrawal is very slow and signals are not that good.
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Troubled withdrawals
I am facing so much trouble requesting a withdrawal. Will never trade with them again.
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Fraud broker company
This is a fraud broker company. I know because I have been a victim of their schemes.
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Fake brokers
They have their own website and have their own market movements..all of these are unreal. Stay away from these fake brokers.
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Poor services
They are just after our hard-earned money. Poor services.
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Poor trading services
Not worth trading with. They charge too much but services are not that efficient.
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Poor customer service
Poor customer service. They seem clueless about their job.
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Lengthy withdrawal process
Lengthy withdrawal process and poor customer service. I felt like I am not getting the support that I need.
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Slow withdrawals
Very slow in terms of withdrawals and execution. Some latencies cause me so much trouble.
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Slow withdrawals
Very slow withdrawal process. They gave me hard time and ask for so many documents.
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Slow withdrawals
Slow withdrawals. Very frustrating wait time I have ever experienced.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Worst broker
The worst trading broker I have ever dealt with. Aside from signals that aren’t that profitable, instruments are very very expensive.
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Stay away
Stay away from this trading broker. The services are not good at all.
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Poor customer service
Poor customer service. They are so unresponsive to emails and chats and are sounded very rude on the phone.
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Poor customer service
Poor customer service. They can not assist me in my trading needs and can not seem to understand English fully.
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Thieves
Stay away from these thieves. They are not good at all.
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Poor trading services
Not worth trading with. They charge too much but services are not that efficient.
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Unhappy with trading results
I am not happy with my trading results. I have used the service for a month, I wonder if I need a longer time to see a good result, but I really have to quit because I am afraid to incur so many losses.
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Expensive
Huge price difference compares to other brokers. They have the most expensive per lot price and they keep on increasing their prices.
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Lose huge money here
To limit my losses with this broker I have closed my trading account after a month of activating. I noticed more losses than winning trades.
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Disappointed with this broker
I am truly disappointed when I traded with this broker. They have set very high standards as if services are all great. But extremely unhappy with actual trading, and false promotions.
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Bad broker service
Bad broker service. Withdrawals are slow and there are so many requirements.
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No withdrawals
I do not recommend trading with this broker. I was not able to get any withdrawal, they always disapprove of my request.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Do not trade
Do not trade with this broker company. They are not legit and they do not allow withdrawals.
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Unregulated broker
Unregulated trading broker. too late when I found out, I had already lost so much money.
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Rude
Rude and manipulative. They are forcing me to give out bank details.
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Poor services
Poor broker service. Do not trade with them.
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Worst customer service
Worst customer service and broker to deal with. They do not know when to listen.
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Changing terms
Everything they say at the start will only last at the start. All those will suddenly change once you start trading. There are so many confusing terms that are difficult to fulfill.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Did not pay my profit
I have invested money here, but they haven’t given me a withdrawal. I send emails also but they have not responded.
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Terrible broker
Terrible broker, they are using their company to scam people.
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Poor customer service
No phone call base customer support available. I always have to wait in queue, having no idea when the call is answered.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Poor services
Very slow withdrawal process and poor customer service.
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Poor brokers
Poor trading brokers. Signals bring losses.
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Poor trading services
This is a big company, been in the industry for quite a while. I wonder why they can not deliver good services.
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Scammers
They aren’t real. Find someone else to trade with and avoid trading with these scammers.
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Slow withdrawals
Slow withdrawals. They gave me hard time requesting withdrawals.
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Beware
Not a legitimate broker. they are fake. Beware.
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Poor trading signals
Most of the time market forecasts are not accurate and broker signals are not helpful. As if it is better trading alone than having them as advisers.
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Poor trading services
This is a big company, been in the industry for quite a while. I wonder why they can not deliver good services.
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Do not trade with this broker
Do not trade with this broker. They are not cooperative and will give you hard time on withdrawals.
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Stay away
Stay far away from this trading company. They are not good at all.
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Slow withdrawals
Slow withdrawals and unprofessional people. Do not trade with them.
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Poor customer service
Poor customer service. I can’t even get a decent answer to my queries.
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Lose money
I thought it’s gonna be a good thing for me but I was wrong. I have lost so much money on their offers.
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Poor signals
Poor trading signals. Do not deal with this broker company.
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Do not invest money here
Not a good idea to invest money. It is purely gambling.
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Slow withdrawals
Very slow withdrawal process. not just on the first withdrawals but on all of the 4 withdrawals I had from them.
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Bad company
Bad broker company. Stay away from them.
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Unable to withdraw
I made a profit with this broker but was unable to withdraw my money. Bad trading company.
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Bad company
Bad broker company. Do not trust them.
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Do not deal
Do not deal with this scammer, they will just steal your money.
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Slow customer service
Slow customer service. They do not treat important matters urgently.
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Faulty trading platform
Faulty trading platform. I have traded only for a few weeks, their trading tool is one of the worst I have ever used, I always encounter glitches.
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Worthless broker
Worthless broker company. Dealing with them is just a waste of money and time.
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Dishonest and cheaters
Dishonest and cheaters. I have stopped trading with them and will never trade with them again.
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Slow withdrawals
Worst trading company to deal with. Slow withdrawals.
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Not a good broker
It is not a good idea to try their trading schemes. many people have lost money here.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Lose huge money here
To limit my losses with this broker I have closed my trading account after a month of activating. I noticed more losses than winning trades.
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Lose huge money here
To limit my losses with this broker I have closed my trading account after a month of activating. I noticed more losses than winning trades.
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Bad people
These are bad people. Do not invest money here.
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Slow
Slow people. Please get competent customer service.
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Bad brokers
Customer services and brokers are very friendly but do not trust them. It is their way to hook you up and rub all your money. They first gain trust but eventually, they will never let you withdraw.
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Lose money here
Started losing minimal amounts which for me is normal however losses increase as the days pass by and so I closed my account instead.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Changing terms
Everything they say at the start will only last at the start. All those will suddenly change once you start trading. There are so many confusing terms that are difficult to fulfill.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Do not trade with this broker
Do not trade with this broker. They are not cooperative and will give you hard time on withdrawals.
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Illegitimate company
Illegitimate trading company. Do not invest money here.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Very deceitful
Very deceitful. They talk very well as if they are professional brokers but in the end, you will end up losing more money.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Poor services
They are a really big company as they claim but services are not worth it. I did not get any profit trading with this broker.
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Poor trading platform
Not a good trading software. I had so many technical problems causing me to lose money.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Unhelpful customer service
Unhelpful customer service. They even sounded so rude and arrogant.
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Do not trade
Do not trade with this broker company. They one of those who’ve got the worst tools.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Worst services
Worst services. Do not trade with them.
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Difficult withdrawal process
Stop trading with them if you are currently using their services. I am having a hard time with their withdrawal process.
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Poor forex company
Not a good trading company. They are not even skilled in forex trading.
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Slow withdrawals
Slow withdrawals. They gave me hard time requesting withdrawals.
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Denied withdrawals
I am so much worried about my funds. They keep on denying my withdrawal request as if it is hopeless to get my money back.
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Irresponsible brokers
Irresponsible brokers. They did not attend to my trading needs which causes me great losses.
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Ignore withdrawal request
They seem so friendly at the start but after the deposit, they are very evil. Rude and manipulative and worst they will ignore withdrawal requests.
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Poor trading services
This is a big company, been in the industry for quite a while. I wonder why they can not deliver good services.
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Poor services
Poor services and delayed withdrawals. Do not use this broker service.
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Rude customer services
Rude and unhelpful customer service. I even get sarcastic remarks at times.
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Unprofitable signals
Inaccurate and unprofitable signals. Do not use their services.
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Spike in spreads and price
Abnormal spike in spreads and pricing. It is getting very expensive and I am getting lesser proceeds as I go on.
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Slow withdrawals
A slow process of withdrawals with so many annoying documents to submit.
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Unregulated broker
Unregulated broker company. The office address is even fake.
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Thieves
Keep safe from these thieves. Do not entertain their phone calls.
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Worst trading signals
The worst trading signals I have ever seen. I get consecutive losses and worst it is very difficult to request a withdrawal.
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Bad brokers
Inaccurate trading signals causing me to lose more money. Bad brokers.
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Slow withdrawals
Signals are good but withdrawal is slow and difficult. I encounter so much trouble and it took them a long time to process it.
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Not happy with the services
I am not happy with my trading result for the first 2 weeks. I am a bit skeptical about their services.
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Poor broker
Poor trading conditions and slow withdrawals. Services aren’t good too.
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Slow withdrawals
The slow process of withdrawals. They are unresponsive, cannot even make a follow-up call to check on my withdrawals.
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Poor performance
The overall performance is poor. Software always has system issues. Customer service sucks.
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Expensive
Huge price difference compare to other broker. They have the most expensive per lot price and they keep on increasing their prices.
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Unhelpful and rude
I am not recommending this broker service, They are not good brokers. Bad customer service. They are very unhelpful and rude.
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Poor forex broker
Slow withdrawals, poor services, and unprofitable signals. I will never trade with them again.
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They don't allow withdrawals
My life becomes miserable after trading with this broker, they have asked me to invest my money but won’t allow me to withdraw. I almost don’t have anything left to spend.
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Experience great losses from this broker service
I have used their services for only 2 months, they place trades that they can’t manage to result in losses. I quit before it’s too late for me.
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Difficult to withdraw
Difficult to request for withdrawal. They have given me so much headache. I will never recommend this broker.
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Avoid them
Avoid this broker by all means. They are not regulated.
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Worst services
Worst trading tools and services I have ever used. There are so many technical issues and withdrawal is very very slow.
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Unable to withdraw
I was not able to get any profit. Instead of processing my withdrawal request, they keep on asking for more money from me. Do not deal with them.
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Unreliable
Unreliable trading services. I am not happy with the services, not even with their signals.
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Poor trading services
This is a big company, been in the industry for quite a while. I wonder why they can not deliver good services.
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Terrible broker service
Terrible broker company. Signals and services are both poor. What’s worst? They never let withdrawals.
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Worst broker
The worst trading partner. They ignore my messages and do not attend to my concerns.
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Inaccurate signals
Inaccurate trading signals and poor customer service. Do not deal with them.
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Poor services
Poor services I ever had. Do not trade with them.
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Missing withdrawal
They approved and process withdrawal, so I waited for my money. Sad to say I never receive it and worst I can no longer access my account they block it. Can’t even contact them and they no longer reply to messages.
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Fake brokers
Do not fall for their false claims. They are fake brokers.
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Bad customer support
I cannot tolerate misdemeanor from its customer support. They are very rude and sarcastic.
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No good offers
No good trading opportunities. Have lost so much money on the offers.
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Stay away
It’s hard to get WDs ,they ask for some documents
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Poor services
There are so many dealing desks. I always get the runaround.
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Bad forex broker
It seems to me like what they have is fake trading. I experience consecutive losses and unbelievable pricing. Have traded for just a month but will never trade with them again.
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Poor trading signals
I cannot fully rely on this broker’s signals. The signals are sometimes against the market movements.
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Delayed withdrawals
It is taking them so long to process withdrawals. I also notice some delays in execution and customer service response.
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Poor broker services
Not a good broker service. Signals are not profitable and withdrawal is really slow.
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Poor customer service
Annoying customer service. They will always give you the runaround whenever you call. Even for simple issues, they keep on transferring me to other people wasting so much time.
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Waste of time
I traded with Fxcm and only get approximately 3 percent profit in two months. I felt like it is just a waste of time. I gain profit yes but very minimal. I have devoted so much time and pretty much feel like time is being wasted here.
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Few withdrawal options
Has so many options for deposits and withdrawals which is a good thing but unfortunately, you will have to wait so long for the approval and crediting of withdrawals.
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Long withdrawal process
I love their fast execution and great customer service. But I am so disappointed with a very long withdrawal process.
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Slow withdrawals
Withdrawals here are always slow. I cannot rely on the services as well.
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Constant price increase
I stopped trading with them a few months ago because I notice some constant price increase. They will give a competitive price at first but will surely keep increasing the price eventually.
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Stay away from them
Stay away from this broker service. I and my friends traded with them and we all lost huge money.
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Slow withdrawals
Great customer service, they are very helpful. I am just annoyed with their withdrawal process. It is very slow.
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Slow withdrawals
Slow withdrawals. It annoying long wait and so many follow-ups.
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Bad customer service
Bad customer service. Rude and very frustrating.
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Slow withdrawal
Very slow withdrawal process. Customer service is very helpful but can’t do anything about their withdrawal issues.
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Unresponsive customer service
I traded with this broker for few months but closed my account due to unresponsive customer service. I have lost a lot of money just because I can’t connect to them for help when I needed support.
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Customer service is not always available
Customer service isn’t always available to assist. I’ve always been having a hard time contacting them.
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Poor broker signals
Poor broker signals. I have followed each and every instruction but still, have lost so much money.
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Poor trading results
Poor trading results. I don’t recall getting any profit from my trades.
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Do not trust
Do not trust this trading company. They do not allow withdrawal of funds.
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Dishonest and cheaters
Dishonest and cheaters. I have stopped trading with them and will never trade with them again.
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Slow withdrawals
Slow withdrawals and poor customer service. Good thing I quit earlier before losing too much.
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Slow withdrawals
Slow withdrawal process. There are so many issues when it comes to withdrawals.
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Rude customer services
Rude and unhelpful customer service. I even get sarcastic remarks at times.
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Poor performance
Poor broker performance. I always get signals that are against market trends.
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Do not deal
Do not deal with them. They do not pay a profit.
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Poor customer service
Poor customer service. They are rude and unhelpful.
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Unresponsive brokers
Rude customer service and brokers that are so arrogant. I decided to quit because they are very unresponsive.
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Bad services
Bad services. Do not trade with them.
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Poor trading services
This is a big company, been in the industry for quite a while. I wonder why they can not deliver good services.
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Poor customer service
Poor customer service. They do not communicate well and have really bad communication skills.
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Stay away
Stay away from them. They are not good brokers for online trading.
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Worst trading services
Worst trading service I have ever used. Try someone else. This one is not good at all.
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Not worth it
Not worth my money and time. I am not dealing with this broker company ever again.
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Irresponsible brokers
Irresponsible brokers. They did not attend to my trading needs which causes me great losses.
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Lose huge money here
To limit my losses with this broker I have closed my trading account after a month of activating. I noticed more losses than winning trades.
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Poor customer service
Poor customer service. They are very rude and sounded uninterested.
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Bad broker
Do not fall for their demo. All here are totally programmed even losing I guess.
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Slow withdrawals
Slow withdrawals. They gave me hard time requesting withdrawals.
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Unacceptable trading results
Totally unacceptable trading results. I have lost so much money on their trading scheme. Do not deal with them.
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Poor services
I do not like this broker company. Poor services.
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Bad people
Bad people. They are very rude and they force deposits.
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Unpleasant customer service
Unpleasant customer service. I always feel harass and humiliated.
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Slow customer service
Slow customer service. They do not treat important matters urgently.
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Do not trade here
Unhelpful customer service and poor trading tools. Do not trade with them.
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Expensive
Very expensive trading with. I was told I can start at $50 so I deposited. But they ask for more money on the actual trading.
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Inefficient broker service
I didn’t find this trading broker efficient. Services ain’t ideal for online trading.
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Waste of time
I feel like I am just wasting my time on this big trading company. I never get the profit I deserve to get because of their negligence.
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Not a good broker
This ain’t a good trading broker, signals are not even accurate. Withdrawal is very difficult and customer service is not attentive.
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Denied withdrawals
I am so much worried about my funds. They keep on denying my withdrawal request as if it is hopeless to get my money back.
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Incompetent support
Their support takes a few days to reply to my emails, I have waited so much only to get incompetent answers from them.
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Rude customer service
Rude customer service. They are unhelpful and sounded very sarcastic.
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Irresponsible broker
Irresponsible brokers and customer service. Their negligence has caused me too many losses.
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Inaccurate signals
Inaccurate signals seem like these are mere speculations and no basis at all.
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I lose huge money here
I did deposit for the second and third time because I thought that losing for the first time is normal and maybe I can recover on succeeding trades. But losses becomes huge.
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Very deceitful
Very deceitful. They talk very well as if they are professional brokers but in the end, you will end up losing more money.
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Clueless about their regulation
Their customer service is clueless when I ask about their regulation. I am a bit skeptical, good thing I only deposited $100. I’d rather abandoned my account rather than incur losses.
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Worst platform
One of the worst trading platform I have ever used. They have so many technical problems on their website, too.
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Difficult withdrawals
Difficult to withdraw profit here. They keep on adjusting their policies to freeze trading profits and block withdrawal requests.
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Poor trading signals
Poor trading signals. I never had good trading results. It is just so-so or even worst at times, I lost money on this.
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Worst trading signals
The worst trading signals I have ever used. As if they are just mere speculations of what is and not really skilled in trading forex.
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Worst trading software
Worst trading software. It has so many features that make trading easy and more organized.
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Poor trading signals
Not worth trading with. The signals are poor, I have lost so much on this.
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Huge charges
Huge trading charges. I always end up almost getting nothing because of charges. It seems profitable because I get a good profit but because of charges, I am getting less.
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Poor trading results
A big and established broker company but do not deliver good trading results. I get a few dollar profits which are very unacceptable.
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Expensive trading instruments
Too expensive trading assets. I have traded with several brokers and their prices are way too high compare to other brokers.
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Ignore withdrawal request
They seem so friendly at the start but after the deposit they are very evil. Rude and manipulative and worst they will ignore withdrawal requests.
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Poor services
They are really big companies as they claim but services are not worth it. I did not get any profit trading with this broker.
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Avoid this broker
Avoid dealing with this forex broker. They do not process withdrawals that easy. They will ask for so many things that are very difficult to produce.
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Poor trading signals
They are a big company but not a good broker in terms of signals. I traded with them but did not get a good profit.
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Poor customer service
Annoying customer service. They will always give you the runaround whenever you call. Even for simple issues, they keep on transferring me to other people wasting so much time.
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Bad customer service
Bad customer service. They hang up on me every time they do not have the right resolution for my trading concerns.
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Huge fees
There are so many trading fees and charges. Computing all, it’s almost break even. Profit ain’t that great but fees are.
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Poor signals
They are easy to deal with but signals are poor. I never had a good trading result. I came here to earn money and not to make friends with them so even if they’re not, I will have to change the broker.
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Do not have good trading assets
Do not offer good trading assets. They have so much on their list but only a few are working well.
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Waste of time
I traded with Fxcm and only get approximately 3 percent profit in two months. I felt like it is just a waste of time. I gain profit yes but very minimal. I have devoted so much time and pretty much feel like time is being wasted here.
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Changing terms
Everything they say at the start will only last at the start. All those will suddenly change once you start trading. There are so many confusing terms that are difficult to fulfill.
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Poor trading condition
Poor trading conditions and long processing time for withdrawals. I will never trade with them again.
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Expensive
Very expensive trading assets. Their pricing is ay expensive compare to other brokers.
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Poor trading advise
Unable to fulfill the promise of good profit. They gave me poor trading advice causing so many losses instead.
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Worst trading platform
This is a big broker company however they have a terrible trading platform. I wonder why they’re not able to do an upgrade or even fix the glitches causing so much trouble on traders.
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Expensive to trade with
Their minimum of $50 to trade is not true. Trading assets here are really very expensive.
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Constant price increase
I stopped trading with them a few months ago because I notice some constant price increase. They will give a competitive price at first but will surely keep increasing the price eventually.
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Bad customer service
Bad customer service. They would always make you feel dumb every time you call.
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Poor broker rating
Poor forex broker ratings. Services and signals are just a waste of money and time.
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Poor trading services
Poor trading services. Do not deal with this, I do not recommend their services. Hassled withdrawals and poor trading signals.
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Slow withdrawals
Slow withdrawal process. I am so annoyed. There are so many documents to provide and they keep on rejecting some documents, I am tired replacing and waiting for my withdrawal.
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Unprofitable
Unhappy with this broker service. For 6 long months of trading with them, I never recall getting a decent profit.
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So many hidden charges
There are so many hidden charges. Customer service is patient and helpful though but you will be paying all transactions.
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Nonsense broker
Completely nonsense. I traded for a month but I only lost huge money, I don’t recall getting winning trades, not even once.
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Poor services
Poor broker services. As if it is best to trade on my own. They are always unavailable.
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Unprofessional
Unprofessional in so many ways. They do not attend on time on scheduled phone calls. They do not reply to emails and chats promptly.
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Not worth it
Not good at all. I have tried using their services sometime last year and it is really not worth your time.
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Poor customer service
Poor customer service. I never get any help every time I call. They are always unhelpful and unresponsive.
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Slow customer service
Slow customer service. I always encounter delays in replies, they are even hard to contact during the times I’ve got urgent matters. I closed my account, I am not happy with the services.
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Slow withdrawals
This could have been a good broker because signals are accurate however I almost can’t withdraw my money. Very difficult and slow withdrawals.
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Problems with withdrawals
I had a problem with withdrawals, the process is very lengthy and there are so many documents needed.
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Technical problems
They have brought to me nothing but problems. They are not profitable and yet there are so many technical problems on their platform.
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Do not deal with them
Do not deal with this broker service, they will surely give you a hard time in order to keep your money, they will never let you withdraw.
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Poor forex brokers
Unsuccessful trading with this broker, I got so many losses. I will close my trading account before it’s too late
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Poor broker performance
Overall broker performance is poor. Withdrawals are super slow and signals are not profitable.
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Poor performance
The overall performance is poor. Software always has system issues. Customer service sucks.
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Incompetent broker
Incompetent forex broker. I did not gain profit trading with them. They provide poor broker signals.
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Faulty trading platform
Faulty trading platform. It is not working properly and so I am having a hard time trading. They are unresponsive on calls and emails and no care to fix the issue.
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Bad customer service
Customer service seems always in a hurry. They are not so accommodating and friendly over the phone.
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Delayed withdrawals
Delayed withdrawal process, there are so many requirements.
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Bad broker service
Very exaggerated description of trading terms was in fact on actual trading the terms aren’t good at all like spreads and leverage.
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Missing withdrawal
I am frustrated with my missing withdrawal. Every time I call to make a follow-up, their customer service will just say it is being processed and just wait but I am not getting anything and it’s been over a week now.
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Bad platform
I am so frustrated with their trading platform. Aside from it is not user-friendly, there are so many issues every time.
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Unhelpful customer service
Unhelpful customer service. I never felt valued and never feel that they are willing to help me.
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Slow withdrawals
Slow withdrawals. It took them so many weeks to process withdrawals.
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Poor services
They are not an effective broker for forex trading, signals are inaccurate and services are poor.
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Fake trading
What they have is fake trading. That is why they let every trader lose because they are earning from losses.
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Worst
Worst trading platform and worst customer service. I had so many technical issues and customer service is not even helpful.
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Poor broker performance
Poor broker performance, they do not deliver good trading signals and market analysis.
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Delayed withdrawals
Ongoing withdrawal delay. I have requested for withdrawal a couple of weeks ago. It gets approved but still not credited to my bank account.
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Vary bad broker
Very bad forex broker. They are only nice at the startup until they can take redeposits but the moment you ask for withdrawals and stop adding more money, they will transform into a rude bastard person they are.
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Don't let me withdraw
I have deposited smoothly but they don’t let me withdraw. They are telling me so many terms to observe.
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Expensive
Good trading signals but trading them is very expensive. You really have to have that funds on the account in order to trade and be able to gain profit.
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Not worth trading with
Not worth trading with. Slow withdrawals and unresponsive customer service.
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Untrustworthy
Untrustworthy broker service. They will tell you so many promises but nothing is real.
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Good but not impressive
I was really expecting better from this broker as they promise too much. Nothing impressive but good anyway.
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Poor services
Slow customer service response. Poor broker services.
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Waiting for withdrawal
I am happy with the customer service as well as the broker signals. I am just a bit worried, I have been waiting for my withdrawal for a few weeks now.
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Stay away from them
I am so pissed off with this broker who keeps on asking me to wait for a withdrawal that has been requested a few weeks ago. Stay away from them.
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Faulty platform
Faulty trading platform, I always encounter technical problems. Not a good broker to trade with.
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Impossible to close account
It is impossible to file for account closure, they won’t let you take your money.
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Super difficult withdrawals
Easy deposit and affordable trading instruments but super difficult withdrawals.
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Not recommended
I won’t recommend this forex broker. They have goods signals but you can not withdraw profit. They will make up excuses to block withdrawals.
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Technical problems
There are so many technical problems. Calling them won’t help, they can’t fix it anyway.
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There are so many technical problems
There are so many technical problems almost every day. It is a bit annoying calling customer service all the time just to request someone to fix the platform.
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Stressful account verification
Very stressful account verification. As if they do not allow withdrawals at all.
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Unreliable broker signals
Unreliable broker signals. I did not get a good profit at all. People here are warm and accommodating though.
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Delayed email reply
Email replies come with great delay. It took them days to reply to a single email with just basic concern.
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Not happy with my profit
Very accommodating and friendly customer service. I enjoyed every moment talking to them. However, I am not happy with my profit and so I look for other broker services.
Did you find this review helpful? Yes No