PFG or FXCM?

[money_add]

NEITHER!!
Trust me… go to ac-markets.com & see what they have to offer &their regulations; then compare.
You will see what I am talking about…
REGARDS!!!

[BPUser]

Originally Posted by money_add

NEITHER!!
Trust me… go to ac-markets.com & see what they have to offer &their regulations; then compare.
You will see what I am talking about…
REGARDS!!!

I read a post from one guy who used ACM who said ACM were great when he was losing money but as soon as he started to win they really messed him about. Additionally, he had trouble getting cheques from them and when he closed his account it took him a long time to get his money.

I don't know what to believe any more. I can't stand the Navigator platform so I opened an account with an MT4 broker who is supposed to be an STP broker without a dealing desk. It was great on demo but now, after I went to cash, I get delays in execution, lots of can't quote, re-quotes and slippage. The problems seem worse outside of market hours.

Bottom line: I think they're all crooks and one just has to keep trying different ones until one happens upon one who skims the least from you.

[BPUser]

Originally Posted by jhansen

I am trying to decide if I should choose FXCM (MT4 account) or an account with PFG . I am not really concerned about using mt4 or pfg´s proprietary platform - and usd 5000 minimum is no concern either -
BUT: what are the spreads like when comparing the two? and the service... and the stability (disconnects etc.) ? I am sure there are some older forum members or even mods that have experience with either of these 2 - so please let me know your experience:-)
I would greatly appreciate some if the forum members here could share your experience:-)
thanks in advance!

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.

[Jason Rogers]

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

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.

[jhansen]

thanks everyone for all the positive feedback. this thread has become slightly more popular than I anticipated. That's good news for anyone looking for a good broker

Hansen

[Aussie Auckland]

I trade with ACM, they were fair with me in demo mode and have continued that into my 1 year or so of live trading.

[wapminnin]

I personally would go for fxsolutions NFA and CFTC registered
includes 4 different trading platforms with mobile trading platform and well funded.

I use the classic platform to place trades. spreads not as tight compared to other brokers but more reliable than other borkers during news gap wise and I dont trade the news . They posted information relating to the new FIFO rule

and you can trade GOLD SILVER CFD's

[Propaganda]

Beginner level here.

I've used FXCM's demo platform for about three months 'till it expired. Then I opened a free $25 account and I am on month two. Everything seems ok with execution, but of course I only have 6 months paper trading and two months of live trading, so my overall experience is not extensive.

The platform for micro accounts I enjoy greatly.

However, for a while, I intended to take monies earned out regularly to avoid any mishaps. Then after a certain level of success has been achieved I will move on to non bucket shop with MT4.

[goldfibre]

I looked up fxcm on the nfa site its a laundry list of criminal activity i could not believe it go check

[pipogre]

Originally Posted by Propaganda

Then I opened a free $25 account and I am on month two.

Hey Propoganda what do you mean by "you opened a free $25 account"

Does fxcm give you $25 free without any deposit when u open a live account with them? I could'nt find this info at the fxcm micro sight. Can you please give us the link