FXCM Micro

Category: Forex Software Reviews http://www.forexmicrolot.com/index.jsp Average user rating from: 1 user(s) Software Rating 4.0   Add new review Your name:* Your email address (it will not be published):* Your location: Select location: Afghanistan Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Arctic Ocean Aruba Ashmore and Cartier Islands Atlantic Ocean Australia Austria Azerbaijan Bahamas Bahrain Baker Island Bangladesh Barbados Bassas da India Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Bouvet Island Brazil British Virgin Islands Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Clipperton Island Cocos Islands Colombia Comoros Cook Islands Coral Sea Islands Costa Rica Cote d'Ivoire Croatia Cuba Cyprus Czech Republic Denmark Democratic Republic of the Congo Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europa Island Falkland Islands (Islas Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern and Antarctic Lands Gabon Gambia Gaza Strip Georgia Germany Ghana Gibraltar Glorioso Islands Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Honduras Hong Kong Howland Island Hungary Iceland India Indian Ocean Indonesia Iran Iraq Ireland Isle of Man Israel Italy Jamaica Jan Mayen Japan Jarvis Island Jersey Johnston Atoll Jordan Juan de Nova Island Kazakhstan Kenya Kingman Reef Kiribati Kerguelen Archipelago Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Midway Islands Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Navassa Island Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island North Korea Northern Mariana Islands Norway Oman Pacific Ocean Pakistan Palau Palmyra Atoll Panama Papua New Guinea Paracel Islands Paraguay Peru Philippines Pitcairn Islands Poland Portugal Puerto Rico Qatar Reunion Republic of the Congo Romania Russia Rwanda Saint Helena Saint Kitts and Nevis Saint Lucia Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Korea Spain Spratly Islands Sri Lanka Sudan Suriname Svalbard Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Togo Tokelau Tonga Trinidad and Tobago Tromelin Island Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom USA Uruguay Uzbekistan Vanuatu Venezuela Viet Nam Virgin Islands Wake Island Wallis and Futuna West Bank Western Sahara Yemen Yugoslavia Zambia Zimbabwe Ratings (the higher the better) Software Rating Rate it Scam 1 2 3 4 5 Comments:     Please enter the security code. Add new review Reviews Feed February PROMOTION Learn more. FOREX JUSTICE SPOTLIGHT ARTICLE   Read more. Company response We have not received a comment or response from this company. User reviews Saturday, 16 January 2010 Written by Raymond from USA I opened a FXCM Micro account about 6 weeks ago. Although I am a very experenced trader, I have a friend who wanted to start learning Forex trading, and he asked me to take a look at the site and trading platform for him. I am completely impressed and recomend this site for people who are starting and want to make the first step after a practice account. The platform is easy to use and customizable, you can see pair priceing in both a simple form and an advanced form. They offer a great free charting system -more on that in a moment- and overall are there to support you. The site is not as flashy as others, but it gets the job done. Why only a four? #1 The site offers alot of advanced features and some of them are hard to use For instance I was going well in a trade and wanted to take some profits. I could not figure out how to close just a couple of lots. I could close the position, but not 5 out of 10 lots. I asked some people in the forums and they say you can, but I never really put any more effert into this. #2 They generally have very low spreads - important - but I noticed that the spread can spike up to 6 or 7 pips in some cases - this happens generally with very high volitility and at target points, it only last for a couple of seconds, but still who wants to pay 7 pips. If it was me if I was placing a limit I would move my limit down 3 pips or so from actual to avoid that spike, or I would manually close the position. #3 As I said they offer a great charting package - free with your account - MarketScope is the name of the charting system. It is very powerful and will do just about anything you need it to do. Fiberachi, pivot points, bollinger bands, atv, ect ect. It is something that you can definitally grow into and you can place trades, stops and limits right from the chart - how much easier is that. With that being said - the package is lacking a 4 hour chart - that is diappointing to me - it goes from a daily to 60 min. setting up some of the osculators and moving averages say for 20 day 200 day whatever proved a challenge and took longer than I would want. Probally because I never used it before and didnt know the in's and out's. Both this program has it all, you just need to find it, and that is sometimes tricky - make it more user friendly and I would give it a 5 all day. All and all a very pleasent experience and would recomend it to anyone just starting out and looking for a package that they can grow and learn with. *IMPORTANT NOTE* In the micro account you are leveraged at 400:1 there is no changing this so proceed with caution. Also they will let you open with as little as $25 or $50 dollars. Think long and hard about making such a small investment - there are sites out there will explain opening balances to you - I am not one for giving advice when it comes to how to invest your money.