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Originally Posted by Financial Fuhrer
This company told me they are an ECN broker, is this true?
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Yes, they are an ECN. FXCM, has over $600,000,000 in customer funds and has around 8 million trades placed per day around the globe. I dont see how a building of workers could manually submit all those trades?
My best guess is a computer is routing your orders not a person. When trying to find a broker look at the volume of trades placed over their platform per day, if its a huge volume then it should be safe to say they will not mess around with your order. Also, unless you have an account with a ton of money and trade $100-$300 per pip lots, I dont think they are going to worry about you.
I have had a few strange things happen, but really nothing to worry about. I do not like their ( No Stoploss and fxcm is going to change margin requirments on 22 November. It will not be fixed margin?)