I think I trade with FXCM once upon a time when I was just getting started, but didn't stick with them long. They are the most popular simply because they absolutely swamp the air and webwaves with marketing and generally try to make themselves the most visible brokers out there. My impression of them is that it's all about the numbers. The fact that they actually encourage "hedging", which is extremely adventageous to brokers, tells me all I need to know about their ethics.
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