Is FXCM.com a fair Forex Broker?
FXCM is a Forex Broker offering Forex Trading services via MT4 trading platform and TradingStation trading platform. FXCM is a market maker with instant execution in case of their "mini" account. In case of "standard" and "active trader" accounts, FXCM should execute orders of clients without dealing desk, so orders execution model should be STP there. However, FXCM was fined several times for orders execution and slippage malpractices. FXCM currently doesn't offer huge % deposit bonuses - this is a good sign. But they offer competitions.
Pros: CFTC regulation, FXCM apps portal
Cons: Fined for slippage malpractices, market maker mini account, 5k USD minimum deposit for standard account that should be NDD