DislikedHi guys, I've been looking to switch brokers and FXCM is one of the choices I have in mind, what's the general consensus on them so far? Just a quick question, what kind of trading volume should I be looking at to qualify as an 'Active Trader'? Currently I make anywhere between 15 to 25 trades per day (am an intra-day scalper), with position sizes of 1, not more than 2 lots per trade. Does FXCM have any particular stance on scalping (minimum position hold length, stop loss position distance and etc) that I should be made aware of? Thanks in advance,...Ignored
to qualify for active trader you would need a minimum account equity of 25,000 and monthly notional volume of 50 million. Just one caveat, I notice your profile lists that you are trading from Singapore. We are unable to open an account from residents of Singapore since we are not regulated in Singapore. If you reside outside of Singapore and would like more information, feel free to send me a private message and I can have a member of our active trader team contact you.
A benefit of our enhanced execution is that there is no restriction on scalping. You can open and close trades as quickly as you want.