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FOREX.COM broker feedback


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FOREX.COM broker feedback

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  #1 (permalink)
22 - France
 
Experience: Intermediate
Platform: ninjatrader
Broker: Forex.com
Trading: Currency - EURUSD
 
bottrader's Avatar
 
Posts: 44 since Oct 2011
Thanks: 14 given, 18 received

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)
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Manta, Ecuador
 
Experience: Advanced
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Trading: Emini 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)
London
 
 
Posts: 1 since Mar 2010
Thanks: 0 given, 1 received

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)
Venice/Italy
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures,Stocks
 
Posts: 3 since May 2012
Thanks: 2 given, 1 received


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)
22 - France
 
Experience: Intermediate
Platform: ninjatrader
Broker: Forex.com
Trading: Currency - EURUSD
 
bottrader's Avatar
 
Posts: 44 since Oct 2011
Thanks: 14 given, 18 received

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)
Venice/Italy
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures,Stocks
 
Posts: 3 since May 2012
Thanks: 2 given, 1 received

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

Thanks

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  #8 (permalink)
22 - France
 
Experience: Intermediate
Platform: ninjatrader
Broker: Forex.com
Trading: Currency - EURUSD
 
bottrader's Avatar
 
Posts: 44 since Oct 2011
Thanks: 14 given, 18 received

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

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  #9 (permalink)
Chicago IL/USA
 
 
Posts: 7 since Jan 2013
Thanks: 4 given, 2 received

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)
Waco TX.
 
Experience: Advanced
Platform: retired ...maybe
Trading: anything with the slightest edge..
 
quantismo's Avatar
 
Posts: 239 since Jul 2011
Thanks: 327 given, 174 received


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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  #11 (permalink)
22 - France
 
Experience: Intermediate
Platform: ninjatrader
Broker: Forex.com
Trading: Currency - EURUSD
 
bottrader's Avatar
 
Posts: 44 since Oct 2011
Thanks: 14 given, 18 received

Hello,

There is a news just released about Forex;com/Gain capital .... >>> GAIN Capital Has No Comment on Unusual Market Activity @ Forex Factory

What does this mean exactly ?

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