Hello all,

After reading all this thread I would like to share my experience with FXCM.

At the begining of this year (2009) I did open a demo acount with FXCM.

Their Trading Station Platform it's very friendly and easy for new people in forex. I did trading demo for 2 months and I was very happy. Them I did open a real mini acount with USD 10.000,00 and I did start trading with 2 minilots per trade.

For my trading method I use Entry Orders usually 10 or more pips away from market price and an average of 50 pips stop loss. I don't trade on fundamentals days and I don't scalp

I was surprised that most of the time my orders where taken with 1/2 or 3/4 pips diference from my entry order price (not in my favor of course).

Them if i did close the trade manually or if i did use a limit price, they did close most of the time my trade up to 3 pips diference (again, not in my favor).

The same hapen with the stop loss, they did close the trades up to 3 pips diference (one more time not in my favor).

During this events I did contact them by they chat and the answer always was "sorry" but this is the best price that we find for your position.

This hapen to me 80% to 85% of the times.

If FXCM it's one of the two bigest FX brokers in the USA they can not liquidate my positions at the price that I did have? NOTE: I was tardeding only with 2 mini lots!!!.

During this time I have a friend that he was trading with FXCM too and he has an open position during a fundamental. I can understand that during this market condition the broker can not liquidate your stop loss a the price that you have at the platform, but what hapen was that during this fundamental the market moved very fast on the first 50 pips, them fast for the next 25 and normal during the rest of the day, and FXCM did liquidate my friend stop loss 183 pips after (and this is not a history i did see it with my eyes because we were together at a trading room). Them he did contact FXCM chat and guess what? We are "sorry"

After this experience I did not trade more than one and a half month with FXCM because i saw that they were not honest with me and i did close my account with them.

My question: Does FXCM UK will have the same practice like USA?


Thank you.

PartyPips

PD: Sorry for my english but it is not my native lenguage