FXCM, Oanda and forex.com, Which is best? - Page 15
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  1. #141
    Jason Rogers's Avatar
    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
    Join Date
    Jun 2009
    New York
    Quote Originally Posted by pippin on the moon View Post
    So all the hoopla over fxcm being an ecn is only good for those who have the big money to trade standard lots...somehow doesn't surprise me. Nobody goes out of the way for the little man; always catering to the big boys.
    Been demoing with Oanda and phone app is all important for me at work. They just upgraded(???) their version and is absolutely all over the map. They just lost me as it is so user unfriendly and after drawing s/r lines for a pair, couldn't rid of the draw here box. Why do corps change good when nobody is asking for better? These geniuses continue to baffle me.

    Na zdrowie,
    Hi Tim,

    Just to clarify, FXCM entities worldwide offer traders the choice of opening a trading account with as little as $50 and trading micro lots where you can risk as little as 10 cents per pip. Since you live in the US, this option is available to you through our FXCM US entity.

    Traders in Canada are in a unique situation, because FXCM does not have a locally-regulated entity there. Instead, a company called Friedberg Direct, which is regulated there, gives Canadian traders access to our technology. As a separate company, Friedberg decides its own account minimums, and at this time, their account minimum is $5000.
    Ask me questions in the Broker Aid Station:
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  2. #142
    Join Date
    Aug 2014
    If you reside in the US, a fair and honest unregulated broker is far, far better than any of the scam brokers we are left with. In the US, your funds are not protected and you are dealing with ridiculous restrictions no trader anywhere else in the world deals with. They have all been fined numerous times and are allowed to continue. I trade offshore with an ECN and the only reason they remain unregulated is for my benefit....as a US citizen being able to trade restriction free. In addition, I am only required to use 10% of the margin required by a US broker to execute the same exact trade. So I keep 80% of my capital in an FDIC insured bank account and only keep 20% with broker. I still risk the same % of overall capital per trade but my money is far safer in my bank than sitting unprotected with a US broker. If you are not in the US, absolutely use a regulated broker, you have far more options than us here in the nanny state. The US regulations are there for one reason....to eliminate spot forex completely so everyone will go back to futures. They are not here for the traders benefit....do not kid yourself.

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