Well enough said for me to open my second account with MB trading instead of ATC who would be my choice if not for FXCM feed
FXCM with Sierra Charts - Discussion and alternatives 8 replies
Elliott Waves discussion 4 replies
FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies
Euro/Dollar discussion 9 replies
Forward Testing Discussion Thread 241 replies
DislikedI know the easy post to make the blanket statement that "X broker" is a market maker, and everyone is entitled to their opinion. Your timing is prescient since I just finished writing a detailed explanation of NDD execution for someone that asked me to explain on another forum (which I have provided below). You can also read a very concise overview of NDD execution in the FXCM US trading agreement as the NFA requires every broker to have. http://www.fxcm.com/docs_pdfs/trading_agreement.pdf Counterparty disclosure page 7. It outlines...Ignored
DislikedWhy not delay the switch to the bigger spreads on Micro until the day you actually switch to NDD?Ignored
DislikedAll this marketing hype looks very pretty, but in reality there is no benefit. Because it is either FXCM trading against me or the banks traders are trading against me. This is a zero sum game and for me to win somebody is got to lose. Let's take that a little furhter. Would I want to trade against FXCM's teenage analysts, as posted in the DailyFX, or would I want to fight against Bank of America, Citi or Deutch Bank? LOL. The choice is clear.
Let FXCM trade against me and don't gouge me on the spread on false pretenses.Ignored
DislikedWell I am still enjoying MY micro account. Gone are the days of constant platform freezes(TS2 anyway). I dont scalp so an increase in Spreads(though NOT welcome!) will not alter my trading plan. I will have to transfer account to UK eventually(Jason do you have any idea when I WILL have to transfer or suffer the 10-1 change?). I like FXCM and their support and their TS2 platform.Ignored
DislikedAll this marketing hype looks very pretty, but in reality there is no benefit.Ignored
DislikedIf this is all hype, then I must say, I've been falling for it for the past 6 months. So you're saying an NDD/STP is basically just a robot dealing desk that is just as vicious and malicious as a human dealing desk but more precise and robust? And this gives the broker legal power to proudly use phrases like "banks cant see your stops," "no conflict of interest between broker and trader," and such? If I was to become very profitable, why does FXCM say they will negotiate lower spreads? Do they enage in platform manipulation with your trades...Ignored
DislikedIf you only did 30 round trades a month of 1 standard contract it would cost you an extra $600 a month...not acceptable, especially since there is no benefit to this so called STP/NDD crap.Ignored
DislikedI know the easy post to make the blanket statement that "X broker" is a market maker, and everyone is entitled to their opinion....Ignored
DislikedActive trader is a little different.... but the comms are way to expensive, up to the individual to choose. I am referring to the Marketing genius of STP NDD...CRAP!Ignored
DislikedWell said. There is another thread going in the brokers section about another STP/NDD broker located outside the USA. It looks like most of the posters there don't seem to understand that it is all hype regarding this STP/NDD and at the end of the day us traders are always trading against a dealing desk located somewhere using all their tricks and manipulation. Disconnections and delayed executions are all part of dealing desks.Ignored
DislikedWhat a waste of a reply Jason typical FXCM dribble.
You mark up the spread once you do this you're a market maker....... deal with it. (you change the quotes that come into you to pass onto your clients) (Market Maker)
some in this world can look past the marketing crap that spills out of your image machine.
This is a public form so i can make my opinion. MY OPINION IS FXCM IS NOTHING MORE THEN A SHARP MARKETING CAMPAIGN...Ignored
DislikedIt is an interesting thread on Trade2Win since the poster seems to think FXCM UK is non-existent and that we have fixed spreads on our forex trading, to mention a few inaccuracies that seem to be ignored. The tactic of throwing a lot of mud and hoping something sticks is taken.Ignored
QuoteDislikedA market maker makes a market. They create the prices prices and provide the liquidity at the price they are quoting. Adding a pip-markup or commission, whichever is chosen, does not create a market maker. If you believe this to be the case then your idea of a market maker is incorrect. Wikipedia has a thorough definition http://en.wikipedia.org/wiki/Market_maker .
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With a dealing desk you can get re-quotes, order restrictions, and intervention because your broker can see exactly what you're doing. They're taking the other side of the trade, and when push comes to shove, their profitability trumps your trading because their end goal as a business is to make a profit.
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Dislikedagain you deny reality.... I am always incorrect ...... yeh sure am..... you get a price you change the price and you give it to a client.Ignored
QuoteDislikedwhy the attempt to destroy the credibility of that poster?
DislikedIf this is the case, then you've made up your own definition for a market maker.
I'll point out inaccuracies. If it hurts the posters credibility, then correct and verifiable information should have been used to back up the argument. I don't think making things up should count as fact.Ignored
DislikedIf this is the case, then you've made up your own definition for a market maker.Ignored
QuoteDislikedI'll point out inaccuracies. If it hurts the posters credibility, then correct and verifiable information should have been used to back up the argument. I don't think making things up should count as fact.