FXCM, Oanda and forex.com, Which is best? - Page 13
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  1. #121
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    Quote Originally Posted by Jason Rogers View Post
    Hi Amrbsk,

    I'm glad you like FXCM. We are always looking to improve our service. Was there any particular reason you preferred that other broker?
    thight spread,
    fast execution,
    no requote,
    little minimum deposit...

  2. #122
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    One must remember brokers receive their quotes from huge central banks that control the market. News releases allow these institutions to manipulate price as seen to their advantage.
    For a smart trader, one of two things must be done: close your trade until after such release or eliminate using a stop loss for these time periods. As a rule, price will gravitate back near prior to these releases.
    Tim

  3. #123
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    Not ever traded with any of these 3 and only heard about Oanda, so perhaps that's the best out of these 3 at least but i won't say it is best overall.

  4. #124
    Jason Rogers's Avatar
    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Quote Originally Posted by amrbsk View Post
    thight spread,
    fast execution,
    no requote,
    little minimum deposit...
    There are no requotes with FXCM. We offer fast execution, and as you can see from this live table, our spreads are very competive. Furthermore, with our new Mini Account, you can start trading with as little as $50.

    Below are the latest financial data from the CFTC which show that more funds are on deposit with FXCM than any other retail forex broker in the US.

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  5. #125
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    Oct 2015
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    While I am only a noobie still and only trade with one broker, after reading this thread I will probably stay with this broker for a few reasons....

    Their charting platform is easy to use, their spreads seem fair to me and they are the ONLY broker to have a representative present on this and other forums, as far as I know, and that broker is FXCM. Any orders I've placed have executed instantly, I've received various phone calls and emails offering assistance should I require any, and all together, I like them a lot. Maybe I am unaware of some things due to not having a live account yet but once I feel I am ready to open one, it will be with FXCM. Respect to Jason for taking the time to answer people's queries and offer help and advice on here as I'm sure being an FXCM employee must mean you have a busy day most days.

    Oanda I wouldn't touch with a barge pole as they seem to manipulate their prices too much around news events and their customer service doesn't seem as friendly.
    Don't forget I'm only a noobie so take this post with a pinch of salt as I lack the experience of others but in my honest opinion and from first impressions, FXCM are good. I can't say the best because i dont know that but they are good.
    Last edited by Majorero; 11-01-2015 at 07:07 PM.

  6. #126
    Jason Rogers's Avatar
    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Quote Originally Posted by Majorero View Post
    While I am only a noobie still and only trade with one broker, after reading this thread I will probably stay with this broker for a few reasons....

    Their charting platform is easy to use, their spreads seem fair to me and they are the ONLY broker to have a representative present on this and other forums, as far as I know, and that broker is FXCM. Any orders I've placed have executed instantly, I've received various phone calls and emails offering assistance should I require any, and all together, I like them a lot. Maybe I am unaware of some things due to not having a live account yet but once I feel I am ready to open one, it will be with FXCM. Respect to Jason for taking the time to answer people's queries and offer help and advice on here as I'm sure being an FXCM employee must mean you have a busy day most days.

    Oanda I wouldn't touch with a barge pole as they seem to manipulate their prices too much around news events and their customer service doesn't seem as friendly.
    Don't forget I'm only a noobie so take this post with a pinch of salt as I lack the experience of others but in my honest opinion and from first impressions, FXCM are good. I can't say the best because i dont know that but they are good.
    Thanks for the feedback, Majorero

    In regards to making the most out of your demo trading to prepare for trading live, you may find this earlier discussion useful: http://forums.babypips.com/newbie-is...tml#post665698
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  7. #127
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    Why has FXCM not allow the use of Expert Advisor on their metatrader mini account?
    Last edited by dojisan; 11-03-2015 at 06:34 AM.

  8. #128
    Jason Rogers's Avatar
    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Quote Originally Posted by dojisan View Post
    Why has FXCM not allow the use of Expert Advisor on their metatrader mini account?
    Konnichiwa, Dojisan!

    It's common to find Expert Advisors that trade in and out of the market quickly. For this reason, such strategies are best suited to the No Dealing Desk (NDD) forex execution that FXCM provides for Standard Accounts.

    On the NDD model, FXCM offsets each of your orders one-for-one with the best prices from competing liquidity providers. That means we don't profit from your losses, or lose from your profits. Instead, we profit from your trading volume, which makes the NDD model ideal for Expert Advisors.
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  9. #129
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    Is a micro account NDD with FXCM too?

  10. #130
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Quote Originally Posted by Majorero View Post
    Is a micro account NDD with FXCM too?
    Hi Majorero,

    Just to clarify, all FXCM accounts allow you to trade micro lots where you're risking 10 cents per pip.

    Standard Accounts trade on No Dealing Desk (NDD) forex execution, while Mini Accounts trade on dealing desk execution. You may also find this earlier discussion about our account types useful: http://forums.babypips.com/fxcm/7676...tml#post731085
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