hi BPUser,
I would urge you to read the small print (
actually in quite large print on page 7) in the FXCM trading agreement. It outlines exactly which accounts are executed on no dealing desk straight through processing, and which are executed through the dealing desk.
Standard 10k accounts and MT4 accounts use no dealing desk execution where each order is executed back to back with a major bank or financial institiution. Only micro accounts are executed through the FXCM dealing desk since only two of the 9 banks are currently taking micro lot trades directly.
Jason
Quote:
Originally Posted by BPUser
FXCM will stick it to you every way they can. Look how much they spend on advertising. Why? Because they have to get a continuous supply of Newbies to replace the ones they've shafted. They use every trick in the book. Open an hour after trading starts on a Sunday so they can run the stops beforehand to stopping you paying in to meet an upcoming margin call so you get wiped out. They say they don't have a dealing desk - but read the small print. Stay away from them.
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