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
Dislikedwell negative roll in both long and short is nothing new....
pretty standard practice for brokers to mark them up.Ignored
DislikedFXCM user I hate this.
If it is what that they mean why would the EU long be soo much more expensive than the GU long? Just because nobody likes GBP?
thier big negative rolls is eating my money everyday. And the big spread like 4-6pips in EU is like 3times than normal rates. How would I gonna trade?Ignored
DislikedYou misunderstood the story.
What happened is they gave you Positive Swaps; then after several days, they go back at your trades and say, it should be Negative Swaps, we are now charging it back to you.
I'd say this is False Advertisements, No Integrity, Cheaters!
If they are getting away with this, what is stopping them from telling you that your sell 10 Lots GBPUSD @ 2.0000 opened last month and just closed last week @ 1.7500 is nullified claiming perhaps oh, "this position was held too long and in big profit, we dont like it", or "No, this position never existed", or "our servers made an error and padded this position on your account by mistake".Ignored
DislikedFXCM told one trader on this forum that "all brokers were doing this"Ignored
DislikedI've been hearing many comments about FXCM's Negative and unfair interest rate rolls. It seems today they made all euro/usd rates negative in both long and short directions. Traders with positive roll rates equaling hundreds or even thousands in interest were seized and taken back by FXCM. What kind of Bull Shit is That !! Blaming it on the banks they use? Liars !! People bewareIgnored
DislikedYou misunderstood the story.
What happened is they gave you Positive Swaps; then after several days, they go back at your trades and say, it should be Negative Swaps, we are now charging it back to you.
I'd say this is False Advertisements, No Integrity, Cheaters!
If they are getting away with this, what is stopping them from telling you that your sell 10 Lots GBPUSD @ 2.0000 opened last month and just closed last week @ 1.7500 is nullified claiming perhaps oh, "this position was held too long and in big profit, we dont like it", or "No, this position never existed", or "our servers made an error and padded this position on your account by mistake".Ignored
DislikedTo be honest guys, if your broker has not increased their spread, swaps, and even increased their margin requirements, then I'd say you should be concerned about the risk your broker has taken on.Ignored
DislikedI disagree.
Spreads and swaps are market-driven variables. Your broker should not have the discretion to increase spreads and swaps irrespective of the same variables in the market. Yes, brokers can do so, but they do so at the detriment of their clients. Any broker charging interest on long EUR/USD or GBP/JPY is ripping off their clients, plain and simple (aside from the brief spike in dollar LIBOR rates this week).Ignored