InvestorsHub Logo
Post# of 42555
Next 10
Followers 114
Posts 15395
Boards Moderated 3
Alias Born 04/14/2004

Re: None

Monday, 11/24/2008 12:18:15 AM

Monday, November 24, 2008 12:18:15 AM

Post# of 42555
FXCM a total scam. I opened up an account with them for kicks and had bought GBP/USD earlier. Thought I had put a sell 1.4947 but still trying to figure out their platform and guess instead of a sell I send out a buy. After 5-10 min I finally fill once it reached my limit price but got taken by surprise to see a new long position opened on top of my earlier one. I was like WTF. At that point I realized that these scam artists held by my 1.4947 buy while the pair was trading 1.492s and 1.493s all this time... Then when price finally got to max of my limit they fill me. lol

And they do this with the few free $ they give to new account holders? I can only imagine how bad some customers get raped that put in sizable amount of $$$. Stay clear of these guys IMO forex.com too. Don't trade forex much anymore but still have an account with MBTrading. Those guys were good on fills, spreads and their commissions were reasonable. Its just unreal how some of these currency brokers rape people. As if spreads weren't bad enough they'll hold your limit orders way over price for 10 min before filling.... unbelievable.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.