# FXCM - alternative **URL:** \ **Category:** Trading and Markets\ **Created:** [February 7, 2017, 3:57pm UTC](https://forums.collective2.com/t/fxcm-alternative/9239 "2017-02-07T15:57:20Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![apsoccermd](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/apsoccermd/32/1487_2.png) [@apsoccermd](https://forums.collective2.com/u/apsoccermd)\ **Post date:** [February 7, 2017, 3:57pm UTC](https://forums.collective2.com/t/fxcm-alternative/9239/1 "2017-02-07T15:57:20Z")
So, since FXCM is in trouble and since FXCM is C2 preferred broker, Matt/C2 what is your action on replacement/ alternatives? I currently sub to a few FX accounts via FXCM and I am extremely concerned about current development with FXCM… Since, you have better relationships with FXCM, do you have any information on what will happen with US based FXCM accounts? Any information in this regards could greatly help… ---
**Author:** ![OrderFlowVector](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/orderflowvector/32/22674_2.png) [@OrderFlowVector](https://forums.collective2.com/u/OrderFlowVector)\ **Post date:** [February 7, 2017, 6:35pm UTC](https://forums.collective2.com/t/fxcm-alternative/9239/2 "2017-02-07T18:35:55Z")
They are transferring the accounts to Gain Capital, with no time table on when that will occur. Personally, I chose to immediately close my positions at FXCM and have wired my money out. Everyone can make his/her own call what to do with their funds. Hopefully the account transferal process will be seamless and nobody will lose anything. ---
**Author:** ![apsoccermd](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/apsoccermd/32/1487_2.png) [@apsoccermd](https://forums.collective2.com/u/apsoccermd)\ **Post date:** [February 7, 2017, 7:15pm UTC](https://forums.collective2.com/t/fxcm-alternative/9239/3 "2017-02-07T19:15:28Z")
I am really upset about lack of the communication by C2 team… I have open a ticket with C2 about potential alternatives to FXCM but still no luck… I am currently looking at trade [tradeking.com](http://tradeking.com) as my FXCM replacment… [https://www.tradeking.com/forex/open\_account.htm](https://www.tradeking.com/forex/open_account.htm) They currently offer 2 products ForexTrader and MetaTrader… I am trying to figure out what product if any is supported to auto trade via C2 Auto trading platform… Does anyone have any experience with tradeking? Any other alternatives or recommendations for FX trading for US based accounts is highly appreciated… ---
**Author:** ![FrancisGingras](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/francisgingras/32/21573_2.png) [@FrancisGingras](https://forums.collective2.com/u/FrancisGingras)\ **Post date:** [February 7, 2017, 8:01pm UTC](https://forums.collective2.com/t/fxcm-alternative/9239/4 "2017-02-07T20:01:46Z")
Hi, TradeKing Forex is not supported. This will help: [https://collective2.com/need-forex-broker](https://collective2.com/need-forex-broker) ---
**Author:** ![BBTC](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/bbtc/32/1487_2.png) [@BBTC](https://forums.collective2.com/u/BBTC)\ **Post date:** [February 7, 2017, 8:41pm UTC](https://forums.collective2.com/t/fxcm-alternative/9239/5 "2017-02-07T20:41:36Z")
Finally there is solutions, hopefully this is a good brokerage ---
**Author:** ![BBTC](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/bbtc/32/1487_2.png) [@BBTC](https://forums.collective2.com/u/BBTC)\ **Post date:** [February 11, 2017, 8:58pm UTC](https://forums.collective2.com/t/fxcm-alternative/9239/6 "2017-02-11T20:58:46Z")
Any information what is the leverage at Gain Capital for US residents? Is it 50:1. Thanks ---
**Author:** ![apsoccermd](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/apsoccermd/32/1487_2.png) [@apsoccermd](https://forums.collective2.com/u/apsoccermd)\ **Post date:** [February 13, 2017, 5:07pm UTC](https://forums.collective2.com/t/fxcm-alternative/9239/7 "2017-02-13T17:07:34Z")
As someone who just transitioned from FXCM to GC, I can tell you that leverage ratios are lower then FXCM … most of the pairs are 1:33… Some of the more volatile pairs , like GBP are even at 1:20… On my 1st day of trading after switching and keeping scaling % for my strategies at the same levels… I instantly ran into margin problems on GC platform, even though i never dipped below 40% on margin balance on FXCM platform with smae balance and % scaling. So the point of the story, if you switching from FXCM to GC, i would recommend to dial down your scaling to make sure you don’t run into margin issues, especially if strategies that you subscribe deals with "riskier pair… I hope this helps…