Fxcm big time scam!

[LuciferHimself]

PEOPLE BEWARE FXCM IS A FRAUD.
Read the article below and find out for yourself. I still experience all that everyday with FXCM. Keeping all my screenshots and I will urge everyone to do that whoever is with FXCM when you can't close a trade or your MT4 is running slow or no connection at all especially during news times.
The article is right here... Full details of FXCM's class action suit - Forex MagnatesForex Magnates

I knew FXCM got sued but never knew the reasons. Came across this article and found out that I experience all of the allegations in the article everyday. This is an organized crime. Please take screen shots of no connection or when you cant close trades.

 

[LuciferHimself]

Im taking screenshots now and posting in a little while.

 

[LuciferHimself]

 

[LuciferHimself]

 

[Master Yoda]

This is a lawsuit there is no a verdict yet, I suppose we can't get into conclusion without waiting for it.

A question- why would you continue trade with a broker that steals you everyday?

 

[Amin EL-HAKIM]

This is a lawsuit there is no a verdict yet, I suppose we can't get into conclusion without waiting for it.

A question- why would you continue trade with a broker that steals you everyday?

Good point Eddiger.

 

[LuciferHimself]

Hi Eddiger
I will not chicken out. I will keep posting my experiences and will keep making money but not add any more of my investment and I dont trade with just one broker so I know some good ones and thats where all my investment will go in the future even the withdrawals from FXCM

 

[Jason Rogers]

I suppose we can't get into conclusion without waiting for it.

Hi Eddiger,

That case was filed in February of 2011 and was dismissed in November of the same year.

 

[stevesmain]

If your complaint's with FXCM is with the MT4 station then look again, this is an issue with MT4. Many brokers who use mt4 show gaping at news times even freezing etc. These issues are there just not being addressed

 

[Jason Rogers]

Hi Eddiger
I will not chicken out. I will keep posting my experiences and will keep making money but not add any more of my investment and I dont trade with just one broker so I know some good ones and thats where all my investment will go in the future even the withdrawals from FXCM

Hi LH,

I appreciate your frustration at experiencing connection issues today. That's why I checked with our tech support team to find out if any of our other clients on reported similar tech issues to yours. So far no one has. Something to keep in mind is that with the number of clients we have, if there was a tech issue on our end like you're suggesting, then you would most likely have seen at least some other posts on this or other forums mentioning it. As FXCM's representative on online forums, I have checked other forums and like our tech support team I can confirm that so far no one else has report issues similar to those you have experienced today.

That makes me think this could be a local issue affecting the connection between your computer and our servers. I would be happy to arrange a follow up call for you with one of our tech specialists, so they can troubleshoot the setup on your computer. Please send me a private message with your contact details and the best time for us to call you.

And for the record, FXCM hopes that you continue to trade profitably with us and request withdrawals. That's because on our No Dealing Desk (NDD) forex execution, we make our money from client trading volume, not client losses. We do not take the market risk on the other side of your trades, so your profits don't hurt our bottom line. In fact, we prefer to have profitable clients, because of the continued trading volume they generate for us.

Thanks,
Jason