Comments on: 133. Choosing a Forex Broker: Regulation and Financial Stability

By: noddyin

noddyin — Sun, 25 Jul 2010 04:54:40 +0000

What do you recommend for a newbie in the uk? I was thinking FXCM but everyone seems to hate them.

By: InformedTrades

InformedTrades — Sun, 25 Jul 2010 04:13:55 +0000

Hi noddyin, Thanks for the comment. I used to work for FXCM so I am probably a little biased. Like any firm they have some faults but overall I feel that they are the best company in the industry. If you visit my channel by clicking the InformedTrades banner to the right of this video you will see a video labeled #132 which goes into some of the reasons why the larger firms like FXCM get so many bad comments. Best Regards, Dave

By: smartforextrader

smartforextrader — Sun, 25 Jul 2010 03:23:31 +0000

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By: jokerisherenow

jokerisherenow — Sun, 25 Jul 2010 02:48:52 +0000

Hey hope you’re well. Can you open a forex account with a USA broker if you live in Canada? Thanks.

By: InformedTrades

InformedTrades — Sun, 25 Jul 2010 01:53:49 +0000

Hi Jokerisherenow, Yes you should be able to open an account with a US Forex broker from pretty much any country in the world. Best Regards, Dave

By: AACStudios

AACStudios — Sun, 25 Jul 2010 01:26:53 +0000

set stops were not reached yet positions were closed and limits were met without profits being taken. Fxcm misrepresented their dealing positions relative to their clients position. On many occasions fxcm deliberately crashed our platform.

Their CS center reports they are a separate company from the Micro division and cannot lend support although they directly receive all the emails and inquiries.

By: AACStudios

AACStudios — Sun, 25 Jul 2010 01:16:36 +0000

One of fxcm customer service reps has admitted to there wrong doing and stated that he was leaving the company as a result of their deliberate illegal actions. Anyone who endorses FXCM should be considered risky.

By: annabarney6

annabarney6 — Sun, 25 Jul 2010 00:24:24 +0000

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By: birchmanllc

birchmanllc — Sat, 24 Jul 2010 23:55:05 +0000

Thanks for the vid. I was not aware that if a forex broker went under you were screwed. Coming from futures I assumed the account was protected up to a certain amount.

By: SadeTabitha

SadeTabitha — Sat, 24 Jul 2010 23:53:49 +0000

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