After almost two months with a demo account on finotec (and having tested a few time FXCM platform) I�m almost certain to open a micro account with FXCM. Has anybody any opinion / experience on this kind of account with FXCM?? any input is welcomed.
Just to let you know… I personally have tried to open up a Micro Account with FXCM around 5 times after using their demo for a while. Their Micro account opening process is “automated”, according to their website, and would never apporove me for opening an account. I emailed them at least 3 times and each time was given the same response, " the system is automated to reduce costs", “if you have an issue,re-apply”. I finally tried to open-up a mini account, and “surprise”, I was approved ! I have yet to deposit any funds, I’m not sure I can trust them after this…
GFT (Global Forex Trading) is a good company. I recommened you check them out. They have a “mini” account with deposits as low as $250USD and 400:1 leverage. I’ll be using them when it’s time to go in for real …
I opened a micro account at FXCM last week, and it went without a hitch.
I deposited a small amout (100 usd) right after registering, and the day after I got confirmation and the message that the account was ready to trade with.
I already have a standard account with FXCM so I had the client installed and the fund was already in place when I checked after receiving the mail from FXCM.
So I got nothing but good experience with FCXM so far
Thsanks for the comments folks. I’m still wondering how I can be approved for a Mini account but not a Micro account, but I’m going to try opening the Micro account again and see what happens. I’ll let you know how it goes.