fxtrading.com Review

2.515 • 7 REVIEWS
Out of business Old
Updated: Apr 13, 2022
November 2018:  This site went down many years ago.  Now a new owner has purchased the domain name.  In order to preserve the history and reviews for the old fxtrading while letting the new site owners have a clean record, a second review page has been created.

All references to fxtrading.com at the FPA before 2018 refer to this review page.

For anyone who has been a customer of FXTRADING since 2018, please CLICK HERE to access the new company's review page.

This company is an IB for FxTechTrading.com. Currently, there is a confirmed FPA Scam finding against FxTechTrading, separate from the previous FxTrading issue that was resolved. The FPA recommends against placing money with FxTechTrading. Further, we recommend the highest level of caution dealing with FxTrading.

Website is down. Company seems to be out of business.

 

fxtrading.com
Out of business
2.515 • 7 REVIEWS

Recent User Reviews of fxtrading.com

S
Steve
Canada,
Aug 9, 2009,
Guest

Would you ever us an IB that lied to accomplish it's agenda?

Brian Johnson, with ease stated false information in the matter of the scam finding on FX Tech Trading. If he falsifies info what else is he willing to do?

If you wish to use an IB that employees these tactics then as they say buyer beware!
F
FPA Scam Investigations Committee
USA,
Jul 28, 2009,
Guest

FxTrading is an IB to FxTechTrading.com There is a confirmed scam case against FxTechTrading.com.

FxTrading's president did try to help negotiate a solution, but failed to keep negotiating and did not do what we consider to be a good job of backing up one of his traders.

This is not a formal scam declaration against FxTrading, but is a very strong caution about dealing with them.
J
Joshua Spicer
Hollywood, FL,
Jun 21, 2009,
Guest

I have been with Fxtrading for over a year and really like these guys. They have given me great service and always willing to help me with my trading. I like the Metatrader platform because I use robots/EAs and I can use them with them. I have checked out a few other firms but they wouldn't allow me to use my software with them but Fxtrading does allow me. I have done really well with my robot and recommend people to use them. I had a problem with my robot not closing trades for me when it was suppose to and Fxtrading made sure I got executed at the price I was suppose to. That shows me they are working for me. I would recommend using them and EAs/robots. Thank you for letting me share this with you. Ciao.
L
Leonard
NV,
Mar 31, 2009,
Guest

I have been trading the forex market for over seven years and have used many different brokers in this time frame. Requoting with some brokers happens and may be considered exceptable on a fast moving market. I am not sure why, if you trying to close a trade and the price moves in your favor you can't get requoted for a better price with more profit? It seems to be very easy to get a trade closed with a worse price. With FXTrading.com it is a common practice of requoting you every time until the price moves against where you tried to enter or close your trade. Once the price moves against you by a pip you will generally get your price that you were trying to get. My requotes have been requoted even after clicking yes I will except this price. I don't trade news either, so don't think that is the problem. They have great spreads and entry orders with stops and limits seem to work just fine.
F
FPA Scam Investigations Committee
Forex Peace Army HQ, USA,
Jan 25, 2009,
Guest

All prior issues between the Forex Peace Army and FxTrading have been successfully resolved.
R
Robert Hussey
Salem, NH,
Jan 23, 2009,
Guest

I have a small managed account with fxtrading and have recieved good returns on my investment. They only take a percentage on profits on a monthly basis with no other fees or charges. I am pleased with the level of service and gains I have made.
W
West Coast Pips
BC, Canada,
Jan 17, 2009,
Guest

I was initially impressed with the follow up of
FX Trading once I signed up for a demo account. They sure wanted my business and called/emailed me a few times a week.

I opened a live account with them soon after with about $3K USD. I trade the news with SNW and with my openind trades I was most pleased to have made money. I got in the start of the sparks and could exit no problem.

I thought everything was fine until about 7-8 weeks later. I was given requotes on CLOSING my trades. I had to hit close on a few occasions 6-7 times. This was risky with the spike coming back against me. I was lucky to get out with some profit.

Then I had requotes on trying to open spike trades. My account then got disabled and I called them to find out why. I was told they do not like scalping and people trading news. Not so long after that I got an email saying my initial deposit will be returned and NOT ANY of my profits. I had made about $22K in the space of a few weeks.

They emailed me pointing out section 45 in their contract about no scalping allowed. I never saw this in the beginning. So trading news with these guys was a complete waste of time and effort. I have my money back, though can't say I am at all happy. Spreads are fixed with 1 pip spread on the majors and 1 pip additionally on commission. If you don't trade the news, you may want to give them a try.

Odd why they have an office on the east coast and main one in Bahamas.
J
Joseph
California,
Jan 3, 2009,
Guest

I feel that it is only right to post a review here because the scam these guys are playing is so blatantly obvious.

I reviewed the fxtrading.com website and it boasts 1 wide spreads. That is less than what is available to the largest banks in the world.

500:1 leverage??? The largest banks in the world will only offer each other closer to only 50:1 leverage.

Upon further review of their account documents, their clearing firm FX Tech Trading is located in the Bahamas. What a joke! I have seen this many times before with these offshore firms located outside U.S. boundaries. These types of firms should be immediately brought to the attention of the CFTC before they show their clients fictitious losses, and (the bogus clearing firms
J
Joe Fitzpatrick
Ft. Lauderdale, FL,
Dec 29, 2008,
Guest

I use FX Trading and I am very happy with the level of customer service I have received. Everyone that works there has been very helpful and supportive to me and the forex investment group I belong to. I don