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-   -   FXCM Discussion (https://www.forexfactory.com/showthread.php?t=8960)

Jason Rogers Apr 17, 2019 2:01pm | Post# 10721

Hi Jason, What is your AUDDEMO01 Daily Close Time use ? NewYork London or Australia ? Why the Opening and close is different with FXPRo NewYork Close chart
Hi DailyChart,

The AUDDEMO01 server time is set to New York close.

CarsonKT Apr 17, 2019 2:02pm | Post# 10722

{quote} Haha I had 8 in a row once. There is sometimes a difference in price between their tradestaion 2 and their MT4 but I haven't checked what the disparity means for the bottom line.. I'm not familiar with Oanda, would be interested in how you get on with Ninja trader as never looked at it.
I tried Ninjatrader with their demo account, it's way better execution on market orders, there is no failed execution no matter how fast I click buy/sell or close orders use market execution.

DailyChart Apr 18, 2019 7:53am | Post# 10723

{quote} Hi DailyChart, The AUDDEMO01 server time is set to New York close.
Hi Jason

I find that the daily open and close price are different with FXPro even both of you claimed daily close at newyork

robgsxr Apr 18, 2019 8:21am | Post# 10724

{quote} I tried Ninjatrader with their demo account, it's way better execution on market orders, there is no failed execution no matter how fast I click buy/sell or close orders use market execution.
I generally see that sought of decent response also on TS2.
Over time you will discover any irregularities in the platform.
Perhaps Ninjatrader won't have any :-)

Jason Rogers Apr 19, 2019 9:47am | Post# 10725

{quote} Hi Jason I find that the daily open and close price are different with FXPro even both of you claimed daily close at newyork
Hi DailyChart,

Forex prices from broker to broker will follow each other closely, but they will not be exactly the same because the FX market is decentralized. FXCM works with a number of liquidity providers that include banks and financial institutions, and those banks and financial institutions stream through a direct feed of executable prices to FXCM. Our pricing engine selects the best buy and sell price which is they displayed on the platform. Brokers may have relationships with various financial institutions for pricing so pricing can vary from broker to broker. You can find out more information about our liquidity providers here https://www.fxcm.com/uk/about-fxcm/liquidity-providers/

Again, FXCM's AUDDEMO01 server time is set to New York close.

Jason

alio2 Apr 26, 2019 4:50am | Post# 10726

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HI
my broker is alpari but in audcad in m30 i see gap and no seen in another broker
if you have gap please write and show
i want to know that alpari is scam or no ?
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Jason Rogers May 24, 2019 2:47pm | Post# 10727

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Hello Everyone

Please note the CFD holiday trading hours for Monday, 27 May due to the Memorial Day holiday. There are no changes to FX trading hours.

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Have a great weekend!

Jason

RLFTrader Jun 22, 2019 10:41pm | Post# 10728

Does anyone know if they allow scalping?

dabson Jul 22, 2019 7:15am | Post# 10729

{quote} Hi DailyChart, Forex prices from broker to broker will follow each other closely, but they will not be exactly the same because the FX market is decentralized. FXCM works with a number of liquidity providers that include banks and financial institutions, and those banks and financial institutions stream through a direct feed of executable prices to FXCM. Our pricing engine selects the best buy and sell price which is they displayed on the platform. Brokers may have relationships with various financial institutions for pricing so pricing...
Hello Jason I would like to establish contact with you, I am interested in prime forex brokerage.

Slicktick Jul 22, 2019 7:53pm | Post# 10730

Wow, from withdrawal request at FXCM UK to my bank account in Switzerland in less than 5 hours..

Great service guys!!

PoundPotamus Aug 7, 2019 7:34pm | Post# 10731

Hi Jason,

Can you explain how the 50% margin closeout rule works?
I was reading the new rules enforced by ESMA and one of the measures reads

  1. 50% margin close out rule on an account level basis

For instance, to open a position for EUR/USD the MMR (initial margin required) is 33.30
Let's assume I have 100 in my account.

Does this mean the position would get auto closed once my available margin is below 49.95, such as when the market moves against me and equity falls?

50% of 33.30 is 16.65, I have used 33.30 for MMR to open EUR/USD order, leaving account with 66.70 available margin.
Takeaway the 50% of MMR for that position (value of 16.65), so the closeout rule will trigger if available margin is 49.95 (16.65 + 33.30) or less? Do I understand this right?


civilpes2001 Aug 10, 2019 12:08pm | Post# 10732

Hello Everyone Please note the CFD holiday trading hours for Monday, 27 May due to the Memorial Day holiday. There are no changes to FX trading hours. {image} Have a great weekend! Jason
Hi Jason,
I was trying to login to dailyfx (for the trading forum) but couldn't. Later came to know that it has been acquired by IG group. Do you have a trading forum for FXCM clients now?

Krypt0n1te Aug 27, 2019 2:28am | Post# 10733

Hi Jason

Could you PLEASE give us an update regarding push notifications when a trade executes. It's a feature that we have been waiting for, for ages.

Please see if it could be implemented.

Kind Regards

Krypt0n1te

jogi100 Aug 28, 2019 5:16am | Post# 10734

Are there still any "Jasons" around?
His/Her last appearance here was in May.

TheGreatMilenko Sep 1, 2019 4:11pm | Post# 10735

Are there still any "Jasons" around? His/Her last appearance here was in May.
I'm still with this broker. I really don't know why , after they were kicked out of USA for defrauding customers.

ar72212 Sep 14, 2019 7:17pm | Post# 10736

I saw fxcm providing $20 welcome bonus, can i know the bonus details in here (available country, withdrawal or not and more)

leveraged Sep 21, 2019 10:55pm | Post# 10737

What's the monthly volume of FXCM now? they use to post how many client and volume they do on their monthly reports, but seems that the reporting has changed..

ZHTrader Sep 23, 2019 11:40am | Post# 10738

Having tried several brokers, i would recommend TDX Markers (tdxmarkets.com) i don't usually write reviews unless i have issues with the broker, but this time I share my experience so as to help other trader.

jtrade Nov 14, 2019 5:14am | Post# 10739

Good morning : does anyone have any experience of using the FXCM Trading Station Mobile platform (iOS version), please ?

Having recently retired from 20 years day trading, I now wish to trade / invest off (almost) indicator-free Daily charts only. I've tried the mobile MT4 app, but it seems the FXCM Trading Station app has a little more built-in order management function. Have also looked at Dukascopy, but I've always been happy with FXCM service, having traded with them via NinjaTrader for some years (Ninja is a fantastic platform, so much better than almost everything else in the retail sector... you get what you pay for, but no mobile version), so no wish to change broker just yet.

Mozak Dec 13, 2019 5:56am | Post# 10740

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Why there's difference open price today on fxcm, between mt4 & fxcm dekstop trading station ?

please let me know why
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GoldExpert Dec 13, 2019 8:23am | Post# 10741

Gold: December 13 review

Global indices jumped today after yesterday's positive sign for US-China trade decisions.

US president, Donald Trump tweeted yesterday that we are very close for phase one trade deal between world's two leading economies, US-China.

After the news released, precious metals markets crashed and gold made a low $1466.20 range today.

All Asian and European indices traded above +1.2% today due to positive sign for the trade deal. And a strong majority would give to Johnson's conservative party to support the pass of Brexit deal at the parliament soon.

The pound was to open sharply higher against the USD and EUR to 2.2% and 1.7% respectively.

By 12.45 PM GMT, Dow 30 futures, December contract traded +90 point, up 0.32% at early US hours.

Palladium prices reached a record high $2000.00+ an ounce today due to trade deal and mining disruption at South Africa, a major producer country of it.

By 07.45 AM ET, US Dollar index futures, December contract traded $96.863 range, down -0.53%. And made a low $96.715 range today which was almost four and a half month low against all leading currencies.

Gold futures, February contract traded $1479.50 range, up 0.51% and made a low $1466.20 today.

Chinese Yuan also made a four and a half month high against US Dollar today due to hopes for two sides from trade negotiations. We will expect Chinese authority to given some positive news for trade deal soon.

Expectation of profit booking in hedge funds like Gold and silver today.

Before US open, for intraday strategy for Gold is given below.

Entry point - $1479.50- $1481.00 range

And keep R1 $1492.00

And wait S1 $1465.00
And wait S2 $1460.00
And wait S3 $1455.00

rockit Dec 16, 2019 6:05am | Post# 10742

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So, I am currently demoing FXCM's TS (desktop) and am totally flashed: Crackbrained platform... What a mess!
And things just don't work: e.g. chart options aren't applied or are completely ignored (e.g. no bid and ask line or prices displayed); where are the instrument specifications? How is (net) p/l calculated (see picture)? In the platform the spreads are different from those on the website (i.e. website states E/U zero or one point, TS states 1 pip) etc. What is all this? LOL
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TheCat Dec 17, 2019 1:22pm | Post# 10743

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I've got an account with FXCM and are currently chasing them for this fake spike that closed my position this morning, still waiting to hear back

I put a couple of thousand in this account as a back up and for testing strategies and occasionally just get stopped out or margin called by half a pip to 1-2 pips but this time is way too obvious

my other two broker showing lowest price of 28222 and 28214 at the hour while fxcm spiked down to 28099 to stop my position at 28175 which is still 50+ pips lower than anywhere else

will update as I hear back




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robgsxr Dec 17, 2019 3:32pm | Post# 10744

I've got an account with FXCM and are currently chasing them for this fake spike that closed my position this morning, still waiting to hear back I put a couple of thousand in this account as a back up and for testing strategies and occasionally just get stopped out or margin called by half a pip to 1-2 pips but this time is way too obvious my other two broker showing lowest price of 28222 and 28214 at the hour while fxcm spiked down to 28099 to stop my position at 28175 which is still 50+ pips lower than anywhere else will update as I hear back...
Good luck with your endeavours. I have had so many issues of FXCM taking out trades by a few pips and then reversing that I have lost count.
You might find the spike you are referring to disappears later as if it never happened. I have countless examples of that behaviour also.

It was a great shame when FXCM started doing this some years ago because I really enjoyed working with their platforms particularly the Trade Station.

They may return your loss in "good faith" as they put it. They have returned some of the losses of mine that clearly weren't real losses comparing prices with other brokers I had running but returning the loss it not the real issue. In the end it destroys your mentality for trading because it destroys your flow of successful setups when you have to bother yourself raising the issue with the team set up to check out the incorrect closing and as a trader you start to question your own abilities.

FXCM certainly don't care about the bigger picture of a retail trader spending hours to analyse the setups and placing trades believing sufficient work has been done to then discover that your trade is taken out immorally. It is a shame for the trader and for Fxcm.

pipmaster77 Dec 17, 2019 3:48pm | Post# 10745

I've got an account with FXCM and are currently chasing them for this fake spike that closed my position this morning, still waiting to hear back I put a couple of thousand in this account as a back up and for testing strategies and occasionally just get stopped out or margin called by half a pip to 1-2 pips but this time is way too obvious my other two broker showing lowest price of 28222 and 28214 at the hour while fxcm spiked down to 28099 to stop my position at 28175 which is still 50+ pips lower than anywhere else will update as I hear back...
I see your from Australia.....do you even realize how many better options you have.....IC Markets pure ECN is probably the best broker in the world. I am in US, so very restricted. I would never trade with FXCM with all those other options you have.

civilpes2001 Dec 18, 2019 9:16am | Post# 10746

I've got an account with FXCM and are currently chasing them for this fake spike that closed my position this morning, still waiting to hear back I put a couple of thousand in this account as a back up and for testing strategies and occasionally just get stopped out or margin called by half a pip to 1-2 pips but this time is way too obvious my other two broker showing lowest price of 28222 and 28214 at the hour while fxcm spiked down to 28099 to stop my position at 28175 which is still 50+ pips lower than anywhere else will update as I hear back...

Same thing happend during the 17th (yesterday) as well. I think it is better to trade in currencies than CFD's in their platform, very hard to manipulate I guess.

TheCat Dec 18, 2019 12:40pm | Post# 10747

{quote} Good luck with your endeavours. I have had so many issues of FXCM taking out trades by a few pips and then reversing that I have lost count. You might find the spike you are referring to disappears later as if it never happened. I have countless examples of that behaviour also. It was a great shame when FXCM started doing this some years ago because I really enjoyed working with their platforms particularly the Trade Station. They may return your loss in "good faith" as they put it. They have returned some of the losses of mine that clearly...

yes plenty of bad experience in the past as I mentioned taking out position by a pip or so, will see what they say about this time as clearly the spike of the price never happened anywhere else, and yes a bit distracting to be chasing it, still yet to hear back, will probably move away from this broker soon it's just a backup one for testing, but even then if they are that dodgy, better keep my money elsewhere

TheCat Dec 18, 2019 12:42pm | Post# 10748

{quote} I see your from Australia.....do you even realize how many better options you have.....IC Markets pure ECN is probably the best broker in the world. I am in US, so very restricted. I would never trade with FXCM with all those other options you have.
Thanks I will look into that, will need a couple more serious brokers as I need to diversify now, may even look for overseas broker if they have good reputations, thanks for the suggestions

TheCat Dec 18, 2019 12:43pm | Post# 10749

{quote} Same thing happend during the 17th (yesterday) as well. I think it is better to trade in currencies than CFD's in their platform, very hard to manipulate I guess.
didn't see this one, cfd are ok, just need a proper broker I guess, other brokers don't seem to have that problem

TheCat Dec 18, 2019 12:46pm | Post# 10750

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{quote} Same thing happend during the 17th (yesterday) as well. I think it is better to trade in currencies than CFD's in their platform, very hard to manipulate I guess.
Is the second spike the one you meant? Looks very suspicious

EDIT: didn't happen with my other broker


robgsxr: the first spike is still there
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robgsxr Dec 18, 2019 2:15pm | Post# 10751

{quote} Is the second spike the one you meant? Looks very suspicious EDIT: didn't happen with my other broker robgsxr: the first spike is still there {image} {image}
I also saw spikes yesterday on currency pairs but not being in the trade I didn't bother to capture them to send into Fxcm.I can't see the spikes on the charts today. This was the problem I had most with them.

I have sent in charts before showing different candle prints before and after an event and FXCM say it is to be expected to see charts differ. So I started to send in the raw price data that also had changed the following day as I had captured it immediately the stop was taken out and they mostly refunded losses caused by their erroneous prices. One day one of their guys decided he wasn't going to refund the loss so I closed that trading account.

You cannot afford to fight with your broker, you must find one you can trust or trade in such a way that stops are given significant breathing room that they won't be reached. It won't save you from all of the erroneous spikes but perhaps make it manageable.

TheCat Dec 19, 2019 1:26pm | Post# 10752

{quote} I also saw spikes yesterday on currency pairs but not being in the trade I didn't bother to capture them to send into Fxcm.I can't see the spikes on the charts today. This was the problem I had most with them. I have sent in charts before showing different candle prints before and after an event and FXCM say it is to be expected to see charts differ. So I started to send in the raw price data that also had changed the following day as I had captured it immediately the stop was taken out and they mostly refunded losses caused by their erroneous...

If they decide to edit and remove the spike in the later times that would be an admission that the price feed was erroneous, I'm yet to hear back, this is pretty disappointing from a broker this size considering it's very obvious there was a problem with their price feed and I'm sure I'm not the only one affected

regarding broker I have another two that I do serious trade with, but will need to sign up to more very soon as my trade size is getting much more serious and I want to diversify my balance and trades across multiple brokers

otnishan Dec 25, 2019 8:44am | Post# 10753

hello jason,
i've heard that fxcm offer for free to use trading view platform one year,is that true.?
thanks

Tuleap Mar 24, 2020 8:00am | Post# 10754

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finally, FXCM in Quantower platform
https://www.quantower.com/blog/conne...e-in-quantower

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FX2Life Mar 25, 2020 9:29am | Post# 10755

Are you guys still with FXCM after what they been through?!

What would it take for you to realize that you are getting scammed?

civilpes2001 Mar 25, 2020 1:07pm | Post# 10756

Are you guys still with FXCM after what they been through?! What would it take for you to realize that you are getting scammed?
In UK and EU, the FX brokers are very tightly regulated. Hence, I think it won't be a problem. They are under a very strict code of financial conduct so far.

FX2Life Mar 25, 2020 3:23pm | Post# 10757

{quote} In UK and EU, the FX brokers are very tightly regulated. Hence, I think it won't be a problem. They are under a very strict code of financial conduct so far.
Going for a regulated broker is better than unregulated for sure.

But regulation doesn't stop brokers from cheating.

I suggest you read my thread: https://www.forexfactory.com/showthread.php?t=987254

civilpes2001 Mar 25, 2020 11:49pm | Post# 10758

{quote} Going for a regulated broker is better than unregulated for sure. But regulation doesn't stop brokers from cheating. I suggest you read my thread: https://www.forexfactory.com/showthread.php?t=987254

Thanks for the reply. I read your thread, the info is very well put up. I agree with almost all of them, except there is some issue with the regulations.

I have fxcm UK (UK regulated) and blueberry markets (AU regulated). Earlier fxcm UK provided 1:400 leverage before the restrictions on FX retail trading in EU happened over a year ago. Now all the regulated brokers are providing 1:30 leverage. Also, I have not faced any issues with the withdrawal of the money from my account (in UK account only). Soon, by the end of this year, I am planning to close the account as It was not possible to trade as many trades I used to because of very low leverage (1:30).

I am slowly shifting all my concentration to Blueberry markets broker (1:200 leverage). I was thinking of moving to Oanda (when the EU regulation happened over a year ago), but as you said in your thread the pip cost has increased with them and their accounts are mostly useful in swing trading as per my research.

Anyway thanks for the update.

Sergeii99 Mar 30, 2020 5:59pm | Post# 10759

Wow,

i just saw the spread jump on FXCM EUR/USD. From .2 to 4.9


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