Why?

seems looks like i got my answer already with this news ......
http://combatingillegalpyramidscheme.blogs...fx-uon-p3n.html
i dont know if u can read this
exactly same person that they are showing me haha lucky i can still do some research myself
they will asking for 10k 15k or 20k something like that and lock down 30%
but i still have zero knowledge for forex is there any ppl can provide link for learning or something related


This post has been edited by madcrimson: Jun 6 2015, 07:23 AM

Try babypips.com
Take their school

Nope..no lockdown, i just confirmed double times with my friends.

Btw i don't understand the link u sent ..can roughly tell me ah what they tell?

Did you have bad experience with FXCM?

Not personally. But I have heard a few. Just Google "fxcm lawsuit" and "fxcm fraud".

EDIT: But personally I would say it is safe for a small capital. And if you are not winning too much.

This post has been edited by carrer: Jun 6 2015, 09:39 AM

Small capital meaning something like less than US$2000?

USD 10,000 also should be okay, if you don't make too much money.
They are a market maker. So, if you win, they lose (considering the fact that they don't really hedge - based on the recent SNB crisis)

Are you having accounts with them?



This post has been edited by carrer: Jun 6 2015, 09:53 AM

almost all popular brokers have problem, there's no perfect broker nowdays. Even banks/big companies also you can google and see lots of problem with maybank, celcom,etc. But still people searching for them

Do you guys prefer trading under a brokerage firm or just trade yourself ?

If trade by broker, which broker is the best ?

Yes, I am with FXCM.
During the CHF crisis, I made more then US$20K withdrawal without any problem within 2 working days.

Don't trust what you read about FXCM frauds. Most of these comments are written by competitors brokers!

To me most important about the broker is the ability to made withdrawal with ease.

Im out from this forum... thanks..

I don't really know much about real ECN? Wow. You must know a lot then.

Can you show me the source where it says that their counter-party ignored them, which made them almost bankrupt?

Of course ICmarket and all are market makers. Even FXCM is not one.

No brokers are real ECN. They will trade against you if they know statistically you are losing, and they will pass your order to the inter-market if you are winning. They cannot supply all the orders to the inter-market, especially when you trade small lots. All are market makers, even the prime brokers are market makers eventually. You should visit elitetader forum where they discuss a lot about this. Conclusively, brokers which are ECN are not real ECN. Sometimes they become ECN, sometimes they are a market maker, depending on certain things. Unlike Oanda, they are a market maker, they don't pass your orders to the inter-market, instead they hedge.

Here are a few ways how brokers do things:
1. They hedge their client orders.
2. They pass it to the inter-market (A real ECN only does this).
3. They match the orders of clients with other clients.
4. They trade against you.

This post has been edited by carrer: Jun 6 2015, 08:12 PM

Yea, you can boast whatever you want. But at least you tell me what you are trying to convey here. Elaborate, don't simply say you don't know this, you don't know that, Mr. Know It All.

EDIT:

By the way, Currenex and Hotspotfx are the true ECN. Not sure about SWFX. All you have to do it find a broker which provides one of these platforms.

This post has been edited by carrer: Jun 7 2015, 08:09 AM

I just opened FXCM account last friday. Reading through many pages, seems like its less favorable broker lol. My account margin is 400:1, but i'll start trading small first to get some pinch.

Cant wait to make my first dollar. I'll be using mostly RSI and/or fibonacci strategy. Previously i always trade stocks and futures only.

Any suggestion where can i get economic calendar for EU?

There's a lot of sites available but one of my reliable sources is DailyFX

I'm using myfxbook. The economic calendar is good. Available for iOS and android too

Real ECN broker won't give you more than 1:200

thanks sifus

There is no point of arguing about broker if you are not trading profitably..

it just dumb to say which broker is good and bad if you yourself always trade against the move.