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FOREX.COM broker feedback

  #1 (permalink)
 
gerardsamara's Avatar
 gerardsamara 
22 - France
 
Experience: Advanced
Platform: ninjatrader + Kraken
Broker: kraken.com
Trading: Bitcoin
Posts: 44 since Oct 2011
Thanks Given: 15
Thanks Received: 18

Hello futures.io (formerly BMT) ,

I have in mind to quit Interactive brokers because I am a non US resident , high margin requirements and EUR-USD change rate fee .

There are not a lot Forex brokers supporting Ninjatrader outside the US so I am looking at Forex.com/UK .

Have you some experience with this brokers for spot Forex and futures indices ?

BR

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  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
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You can do a search for Gain Capital (forex.com) and find several threads that may help.

Mike

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  #4 (permalink)
pmu765
London
 
Posts: 1 since Mar 2010
Thanks Given: 0
Thanks Received: 1

I am currently with them and have been for the last two years. Have not encountered any issues so far.

Paul

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  #5 (permalink)
 ITA73 
Venice/Italy
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures,Stocks
Posts: 3 since May 2012
Thanks Given: 4
Thanks Received: 1


bottrader View Post
Hello futures.io (formerly BMT) ,

I have in mind to quit Interactive brokers because I am a non US resident , high margin requirements and EUR-USD change rate fee .

There are not a lot Forex brokers supporting Ninjatrader outside the US so I am looking at Forex.com/UK .

Have you some experience with this brokers for spot Forex and futures indices ?

BR

Are you happy with forex.com?

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  #6 (permalink)
 
gerardsamara's Avatar
 gerardsamara 
22 - France
 
Experience: Advanced
Platform: ninjatrader + Kraken
Broker: kraken.com
Trading: Bitcoin
Posts: 44 since Oct 2011
Thanks Given: 15
Thanks Received: 18

You can only trade Forex with NT on Forex.com .

The spread is 2 and sometimes 3 for EURUSD pair for example .. not good not bad !

The only issue with NT is that there is no integration of NT Platform with the Web trader application in Forex.com
Also account in Euros is not supported , only in USD.... I may swith to FXCM later on .

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  #7 (permalink)
 ITA73 
Venice/Italy
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures,Stocks
Posts: 3 since May 2012
Thanks Given: 4
Thanks Received: 1

I would like to start with fxcmmicrolot for testing, have you experience with fxcm?

Thanks

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  #8 (permalink)
 
gerardsamara's Avatar
 gerardsamara 
22 - France
 
Experience: Advanced
Platform: ninjatrader + Kraken
Broker: kraken.com
Trading: Bitcoin
Posts: 44 since Oct 2011
Thanks Given: 15
Thanks Received: 18

I am not using FXCM but this should answer your question ....

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  #9 (permalink)
siggyboss
Chicago IL/USA
 
Posts: 7 since Jan 2013
Thanks Given: 4
Thanks Received: 2

Horrible spreads. USDJPY is 0.5pips or less @ IB, while 1.3pips or higher at Forex.com. That's 2.6x higher or a 160% increase.

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  #10 (permalink)
 
quantismo's Avatar
 quantismo 
Waco TX.
 
Experience: Advanced
Platform: retired ...maybe
Trading: anything with the slightest edge..
Posts: 242 since Jul 2011
Thanks Given: 335
Thanks Received: 176


I was just recently with FXCM for about 2 weeks using NinjaTrader and I was extreemly disapointed with how the platform would perform connected to there API . The main problem was they offer around 72 currency pairs to trade and I know most of them are exotics but..... I could only get data from there API to support only 3 pairs and it took forever for charts to load. The spread they charge is usually 1-2 pips higher then many of their competitors so I found no reason to stay with them. Since then I have connected Ninjatrader to MB Trading which has been very pleasing in all aspects, I get much tighter spreads and Ninjatrader works great with all there currency pairs and the charts load up in a acceptable amount of time.
Just a FYI I would like to mention that FXCM states you can fund the account with your CC and withdraw with your CC but after finding out the hard way they only let you withdraw if you upgrade to a standard account. In other words if you put $500 in a micro account and try to take it out later you cant without putting in another $500 to upgrade to standard.

also I told support at FXCM about the problems with NinjaTrader and they knew that was on there end not mine.

Good Luck in your trading Quantismo

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Last Updated on September 7, 2013


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