I did not believe those scam stories till it happened to me 2 days consecutively. On both occasions, my account is close to the level where they will close out all your trades due to insufficient margin. Prices on both days spike up to evoke closure of all my trades and the price that triggered the closure of my trades happen to be the highest price for that period. Prices reversed quickly after that. Highly suspicious. Not sure whether to file a complaint since my account is only about $100 each time and not sure whether the authorities can do anything about it. Not forgetting the stop loss orders that got hit and quickly reversed course as well ( though I tried to dismiss that as normal market movement initially, I'm not so sure now
. )
I am convinced now to put my money elsewhere ( likely to be Oanda ). Beware of FXCM when you put stop loss orders or if you have open positions when your account balance is near your margin limit.
