FXCM, Oanda and forex.com, Which is best? - Page 3
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  1. #21
    Join Date
    Nov 2006
    Posts
    11

    Default Blowanda

    YouTube - Oanda spread on Non farm payroll 2/2/2007

    Have a look at the GBPUSD earlier this month. 200 PIPS spread on NFP. Not that I traded the NFP, but I certainly do not want my money with this company. What is next??
    But that is my opinion. Good luck to the Oandans here. May the PIPS be with you.

  2. #22
    Join Date
    Jan 2007
    Posts
    1
    I have never used Forex.com or Gaincapital.com, but i have recently found out on the NFA website when researching brokers that Gain Capitol Group is facing 3 counts of penalties from the NFA.

    http://www.nfa.futures.org/basicnet/...spx?seqnum=970

  3. #23
    Join Date
    Feb 2007
    Posts
    21
    Quote Originally Posted by mcphrant View Post
    YouTube - Oanda spread on Non farm payroll 2/2/2007

    Have a look at the GBPUSD earlier this month. 200 PIPS spread on NFP. Not that I traded the NFP, but I certainly do not want my money with this company. What is next??
    But that is my opinion. Good luck to the Oandans here. May the PIPS be with you.
    To be fair for Oanda, they have refunded the customers who were effected by that NFP drama. Couple of my friends whome their account got wiped out , confirmed this. Oanda said it was a technical problem and it was suppose to be 20 pips NOT 200 pips.

  4. #24
    Join Date
    Jan 2007
    Posts
    91

    Default Northfinance.com

    Hello everyone,
    does anyone know about Northfinance.com? I want to choose them as my broker since i like there platform, BUT do not know of their credibility or any other reason why i should not choose them? Thanks for all your answers in advance.

  5. #25
    Join Date
    Dec 2006
    Location
    Barcelona
    Posts
    197
    The company I hear the most positive feedback about is Oanda...

  6. #26
    Join Date
    Mar 2007
    Posts
    15
    I asked about this in another thread, hadn't seen this one!!

    I have been looking at ACM, and like their interface.

    If anyone has a pip horror story about them, please post !!

    Stewart

  7. #27
    Oanda is the best.

  8. #28
    Join Date
    Nov 2011
    Posts
    40
    I have accounts with Oanda and Forex.com but have a strict policy against FXCM. Their policies are suspect, their representatives are confused and uninformed. Trying to open an account with then took moths before I gave up I still get phone calls asking me to "go live". Why would I trust them with my money?

  9. #29
    Jason Rogers's Avatar
    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
    Join Date
    Jun 2009
    Location
    New York
    Posts
    3,327
    Quote Originally Posted by forexcalibur View Post
    I have accounts with Oanda and Forex.com but have a strict policy against FXCM. Their policies are suspect, their representatives are confused and uninformed. Trying to open an account with then took moths before I gave up I still get phone calls asking me to "go live". Why would I trust them with my money?
    Hi Forexcalibur,

    Thanks for the feedback. I would be happy to help resolve any issues you have had with FXCM. If you are interested, you can email me at jrogers@fxcm.com and I will provide you with solutions as quickly as possible.

    For most clients, the account opening process is very easy. Most traders can typically start trading in 1-2 days after completing the online application. We outline the 3 steps to open an application at Open a Forex Trading Account | FXCM Currency Trading Account.

    I hope that helps.


    - Jason

  10. #30
    Join Date
    Nov 2011
    Posts
    40

    Default No Thanks

    I have had no positive experiences with FXCM. The reps are not polite and they all seem burned-out and irritated with having to answer questions. I called several times and was told that I never applied (even after I submitted ID twice!) So then I was instructed to apply again and was told that I had exceeded the number of times I can apply and so I can not have an account. This is only ONE issue I have had.

    In addition, when I became leery of FXCM I decided to try a micro account and was harassed by an arrogant rep who tried to goad me into opening a regular account by trying to making me feel silly for wanting a micro. He said something to the extent of "serious traders don't use micro accounts". I never got passed him to actually get the micro opened.

    It seems to me FXCM only offers the micro to compete with brokers who do offer it but have no intention of making it easy to open one. In addition, FXCM charges a surcharge in addition to the spread on micro accounts. Who does that?

    IMO, once I decided to play it safe with a micro account FXCM decided I was not worth dealing with because I was not fronting big money.

    Businesses get ONE chance to make a good first impression on customers. I gave FXCM several over two months. I am no longer interested in their services. To this day I still get emails and phone calls wondering why I'm not live with them, even though I have been very clear that I'm just not interested. IMO, very poor communication and info-sharing in that company. It makes me wonder how deep that issue runs.
    Last edited by forexcalibur; 12-15-2011 at 05:14 PM. Reason: Toned down per a sincere response from Jason.

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