Forex.com aka gain capital group-Forex Brokers

Welcome, my friends.

I`ll start reviewing with Forex.com.

From their site:

FOREX.com … division of GAIN Capital Group, one of the most respected online forex trading firms in the industry. The company’s flagship service, GAIN Capital, is used by institutional investors, professional money managers and experienced day traders from over 140 countries.

I can not agree that forex.com is one of the most respected online forex trading firms. After investigated a lot of sites found that there a lot of unsatisfied traders:

…This is the worst trading platform I have ever used. For starters the layout is appalling and account transaction statements won’t work. The java edition is very unstable, crashing every other minute. Secondly, execution of orders is slow and you are only successful after several attempts. Thirdly when I tried phoning them I was waiting for half an hour before I gave up, nobody answered the phone. Their live chat is useful but they’ll give you a phone number and then when you try it they’ll say there are problems with that line, duh! Fourthly, their 5 pip spread on GBP! Don’t waste your time and money with them…

…First experience in FX was with them. Absolutely horrid platform. Of dealing desk brokers, hard to get any worse, only ACM lies with them at the bottom of the barrel. Their rollover policies royally suck and they have all the disadvantages of a dealing desk broker with none of the advantages…

and 2 positive:

…I have traded equities and currencies for the last 15 years, I recently added Forex trading to the fold. I open my first account with FXCM and never even entered a trade. They have a rule which prohibits entering limit orders at or near the current buy/sell price. After checking out several other firms I learned this was a common practice. I had heard a lot of shady things about Forex but this was unbelievable, talk about stacking the card in the houses favor. I then began to search around to see if this was industry standard. Luckily it was not I came across Forex.com. There service has been outstanding from opening the account, to trading the account. Yes there platform is a little primitive but who really relies on there platform for trade ideas, for that matter I don’t really even think that the pip spread matters either. I looked at the spread calculator on ONA! DA, that is completely misleading because the only thing that matters is what price you actually buy and sell your position. In trading you are either right or wrong. When you are right you need to make more then when you are wrong or you won’t be trading very long. What matters is that the pip spread is representative of the real market. Anyway the reason I am so happy with them is that they allow me to enter limit orders, stop orders, stop limit orders, or cancel other (OCO, and If then orders. All of these orders can be entered at any price I choose. They also give me Advanced Get which is an e-signal program which include e-signal data that is a compilation of over 200 banks and brokers best prices. They give me the tools to see the real market and don’t block me from entering my orders at the presice place and time in the market. I don’t know what else a trader could ask for. By the way I have not had a margin call yet, but according to what they tell me is that it is all done by there computer system. They are from the east coast and I bet if Felix argued enough they would have eaten that error. In my 15 years of trading I have had plenty of error and bad fills. Sometimes you win sometimes you lose. Don’t let it get to you.

- second one i can`t find at this moment

GAIN Capital Group is pleased to offer individual investors access to its award-winning trading platform and professional-level services via FOREX.com.

FOREX.com is a registered Futures Commission Merchant (NFA ID #0339826) and a member of the National Futures Association. As an FCM, FOREX.com is regulated by the Commodity Futures Trading Commission (CFTC), must uphold the highest standards and business practices and is subject to strict financial requirements and reporting. Interested parties can visit the NFA web site at any time to review FOREX.com’s record as an NFA member in good standing…”