Dealing desk FXCM

Broker Discussion Forex Brokers
1

Hi all,

Im looking to move to live account all being well next month. Currently using FXCM on demo mode.

FXCM called em today and told me mini accounts (I will only transfer £200 to begin with) go through a dealing desk. Which means there betting against my loss.

I am a little surprised at this however my questions is, should I care?

Does anyone else have experience of this? Does it take ages for my trades to be applied? Will i see more slippage?

Any thoughts at all?

2

I have one small account at FXCM mini account and I don’t experience noticeable issues with their dealing desk. Last week I even received positive slippage back after the trade was closed. That was a nice touch, they could have kept that for themselves as I wouldn’t have known it.

OANDA is also a Market Maker and they are also considered to be a respectable broker.

3

Appreciate the response.