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live acc trial .. in searching for a forex+cfd+gold broker

  • #41
  • Jul 8, 2009 3:51am Jul 8, 2009 3:51am
as promised, good
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  • #42
  • Jul 8, 2009 6:49am Jul 8, 2009 6:49am
Quoting billye
hi I will close the thread of fxsol.aus live acc testing http://www.forexfactory.com/showthread.php?t=162557
since it already passed the trial run with good results.

I still need a backup cfd/forex trading acc due to monthly deposit limit of fxsol-aus, in this thread I will try several alternatives. requirements are:
1. ability to trade cfd is must, (forex by default can), ability to trade oil and gold is a plus
2. fund must be safe for no matter profit or loss or for long term holding, withdrawal should be smooth
3. allow credit...
But deltastock is bonus of 20% on deposits.
  • #43
  • Edited 7:51am Jul 8, 2009 7:35am | Edited 7:51am
Quoting nasir.khan
But deltastock is bonus of 20% on deposits.
yeah I think I added delta in the list but haven't regular mailed the app documents to europe yet...

bonus is not a main concern...
how much margin money I can control is not really key... it's a virtual money you cannot withdraw but can only trade...
think of that as an adjustment of your leverage (bigger -> more risky)

it is more important how much oppotunity I can catch and then how much position I can trade comfortably with and how much % of real money I risk each time.

so bonus is not something to be bench marked... typically I withdraw deposit after 1 trade and then bonus is voided almost everywhere.

one pro of having a bonus is no need to transfer as much money to maintain a margin safety.
  • #44
  • Jul 8, 2009 9:36pm Jul 8, 2009 9:36pm
Quoting billye
yeah I think I added delta in the list but haven't regular mailed the app documents to europe yet...

bonus is not a main concern...
how much margin money I can control is not really key... it's a virtual money you cannot withdraw but can only trade...
think of that as an adjustment of your leverage (bigger -> more risky)

it is more important how much oppotunity I can catch and then how much position I can trade comfortably with and how much % of real money I risk each time.

so bonus is not something to be bench marked... typically...
By this i mean that it will cover your deposit fee.
  • #45
  • Jul 13, 2009 6:27am Jul 13, 2009 6:27am
add in a new broker windsor brokers in watch list found in another thread.

claim to be founded Y1988, certified with CYSEC, FSA,
money seem to be safe in a separate account. (how separate?)
FPA feedback is 4* base on 30 feedbacks.

here is min position size:
micro acc: crude oil 600$, dow 800$, forex 1000$
mini acc: crude oil 6000$, dow 8000$, forex 10k$, gold 10oz=9k$
std acc: crude oil 60k$, dow 80k$, forex 100k$, gold 100oz=90k$, n-gas=5k * 4=20k$, sp500=50*900=40k$

crude oil and dow spread is 5/4 and no commission, forex spread is 2-3.
seems it is a tradable cfd+oil+gold+forex for safely trading 500$ acc. (a good alternative to my fxsol-aus cfd acc which also trade 1k$ pos)

problem with it is deposit with cc cost 5%, cancel back to cc cost 15 euro, profit needs to wire back >_<
but I guess still safer than trading fxcm-uk cfd starting 40k usd position size >_<<<<<<<<<<<<<<<<<<<<<<<<<

I have now demo mt4 of micro acc with them.

update for a few other brokers on list:
delta: electronically approved, need regular mail app doc back to europe, did not do yet
interactivebrokers: seems no trading / see market data still charge 10~30$/month, ridiculous... I may deposit 10k at end of due date (30 days left) if I am ready by then
fxpro: it is refused by my cc bank... trade size 4k usd is still bigger to trade 500usd acc, pending next step... demo acc future trading works well.
fxcm-uk: deposit total 5k usd, will in another 5k tomorrow, min position size is 40k usd too big to place a trade

I still place cfd trades in fxsol-aus for past few days...
  • #46
  • Edited 9:42am Jul 13, 2009 8:06am | Edited 9:42am
requested to cancel/withdraw 1st cc deposit back to cc from fxcm-uk....
still leave another deposit in it.

see how soon it's proceeded and when it arrive at cc.
estimation is 2 day + 2 day... I do not expect any problem withdrawing since they're so big.

https://server.iad.liveperson.net/hc...o/chatinfo.gifPlease wait for a site operator to respond.
https://server.iad.liveperson.net/hc...o/chatinfo.gifYou are now chatting with 'L'
L: Thank you for completing our pre-chat survey. My name is L in the Operations department. Now that I have your information, how may I assist you today?
billye: hello
billye: I sent an withdrawal request from to [email protected] cc [email protected]
billye: could you check if request is done properly? thanks
L: I can check on that for you. One moment while I pull up your information.
L: Ok, I see it now.
billye: Re: withdraw request || Re： FXCM Ltd - Credit/Debit Card Deposit Notification [Order #: UK10***87] (Thank You For Contacting FXCM Ltd) from to "Bill Ye" Dear Client: Thank you for contacting FXCM Ltd. This automated notification serves to acknowledge receipt of your e-mail enquiry or document attachment. Our Operations department will review and process your request within 1-2 business days. We appreciate your patience while your request is being processed as all client enquiries are answered in the order they are received.
L: Is there anything else I can assist you with?
billye: ok
billye: so it will be processed?
L: We ask for 2-3 business days to process all requests.
billye: estimate 3-4 days to arrive back to my cc bank?
billye: ok
billye: thanks great
  • #47
  • Jul 13, 2009 3:45pm Jul 13, 2009 3:45pm
this is a surprise but I thought about it
and decide to withdraw interest to further test fxcm-uk cfd and interactive brokers.

I haven't placed a trade in fxcm so it's not their fault.

problem for me is I cannot mentally stay peace with 40k usd positions jumping price every now and then.

fxsol's 1k$ forex/sp500/gold works fine for me.
all I need is an oil broker so either delta or windsor will do. both can do 600$ position.

fxpro's 4k$ position also nice but may try 2-3 yrs later.

so this is it. I will put a short stop to it but may come back revisit after 2 yrs. now I'd like to stay with small position and keep practice till proven by time.

I will request a withdrawal of 2nd cc from fxcm (also no trading yet),
they need remains of 50$ to keep acc, if they allow to move 50$ to micro acc I will keep 50$ there, otherwise just close acc lo.

try to narrow-down and focus.
  • #48
  • Jul 13, 2009 6:54pm Jul 13, 2009 6:54pm
I think maybe you can try HSBC or other international banks. They are less likely to refuse your deposit. Fxpro will let you black out all important number such as the cvv number (3 digit only) behind the card right? You only need to reveal the last four digit and first digit for the card number in front.
  • #49
  • Jul 14, 2009 7:38am Jul 14, 2009 7:38am
Quoting fxfei
I think maybe you can try HSBC or other international banks. They are less likely to refuse your deposit. Fxpro will let you black out all important number such as the cvv number (3 digit only) behind the card right? You only need to reveal the last four digit and first digit for the card number in front.
thanks... yeah maybe a little later I will try see if other bank could pay it.
  • #50
  • Jul 14, 2009 7:44am Jul 14, 2009 7:44am
about 18hr passed, acc balance did not see any change (req withdrawal amount not removed from acc balance yet)... //fxsol usually remove from acc balance in 2-5hrs.

checked support, they say it's still within the general TPT (2-3day)...
yes true. in open acc they say generally 5-7 days, then it takes 8 day...

just wait then, maybe they're just too busy recently.
I will not open 40k$ position with remaining balance though, to avoid the removal of withdrawal amount cause risk to margin call.

info: Please wait for a site operator to respond.
info: You are now chatting with 'Lx'
Lx: Thank you for choosing FXCM. My name is Lx in the Operations Department. How may I assist you today?
billye: hi
billye: confirm a withdrawal request
billye: Order ID: UK10*****87 Date: 02-July-2009 - 20:42:34 Pay to: Forex Capital Markets, Ltd Amount: 2450.00 Trading Account Currency Denomination**: USD
Lx: Ok, I have located your form. Thank you for waiting. It does not look like there are any delays on it. Please allow 2-3 business days for processing.
billye: ok
billye: I see
billye: thanks~
Lx: Thank you for choosing FXCM. Have a nice day.


Quoting billye
requested to cancel/withdraw 1st cc deposit back to cc from fxcm-uk....
still leave another deposit in it.

see how soon it's proceeded and when it arrive at cc.
estimation is 2 day + 2 day... I do not expect any problem withdrawing since they're so big.

https://server.iad.liveperson.net/hc...o/chatinfo.gifPlease wait for a site operator to respond.
https://server.iad.liveperson.net/hc...o/chatinfo.gifYou are now chatting with 'L'
L: Thank you for completing our pre-chat survey....
  • #51
  • Jul 14, 2009 3:01pm Jul 14, 2009 3:01pm
update
withdrawal amount deduced from acc balance upon 24hr from withdraw request.
  • #52
  • Jul 14, 2009 7:55pm Jul 14, 2009 7:55pm
If possible, will you please list the avg time taken for every broker handle the withdrawal or maybe rank them base on fastest request.

eg, fxcm-uk, taken 24 hours to process, a visa refund, 8 days funds to appear in bank account etc
  • #53
  • Jul 15, 2009 10:13am Jul 15, 2009 10:13am
Quoting fxfei
If possible, will you please list the avg time taken for every broker handle the withdrawal or maybe rank them base on fastest request.

eg, fxcm-uk, taken 24 hours to process, a visa refund, 8 days funds to appear in bank account etc
will not purposely try it, but I'll log the deals, maybe summarize after using 3 months.
  • #54
  • Jul 15, 2009 10:14am Jul 15, 2009 10:14am
Quoting billye
update
withdrawal amount deduced from acc balance upon 24hr from withdraw request.
made 2 cc deposit in fxcm-uk, money show up in acc within 2.5hrs.....commitment is 1 biz day. good
Order ID: UK10*******2
Date: 15-July-2009 - 15:39:01
Pay to: Forex Capital Markets, Ltd
Amount: 2498.00
Trading Account Currency Denomination**: USD



--------------------------------------------------------------------------------
Order ID: UK10*******8
Date: 15-July-2009 - 15:37:14
Pay to: Forex Capital Markets, Ltd
Amount: 2499.00
Trading Account Currency Denomination**: USD
  • #55
  • Jul 16, 2009 10:03am Jul 16, 2009 10:03am
Quoting billye
update
withdrawal amount deduced from acc balance upon 24hr from withdraw request.
will do a follow of fxcm-uk withdrawal (cancel back to cc) request

request was confirmed to be received on July 13 noon EST.
amount was deduced from account on afternoon EST July14.

has not shown up on my cc yet. fxsol typically takes 2-3 biz day.
  • #56
  • Jul 16, 2009 10:16am Jul 16, 2009 10:16am
Quoting billye
will do a follow of fxcm-uk withdrawal (cancel back to cc) request

request was confirmed to be received on July 13 noon EST.
amount was deduced from account on afternoon EST July14.

has not shown up on my cc yet. fxsol typically takes 2-3 biz day.
info: Please wait for a site operator to respond.
info: You are now chatting with 'R'
R: Welcome to FXCM's Live Chat Feature. My name is R. How may I help you?
billye: I'd like to follow up a cc withdrawal request
billye: Order ID: UK10***7 Date: 02-July-2009 - 20:42:34 Pay to: Forex Capital Markets, Ltd Amount: 2450.00 Trading Account Currency Denomination**: USD
billye: this is deposit
billye: withdrawal request mailed to [email protected] on july 13 EST noon
billye: fund is deduced from acc on july 14 EST afternoon
billye: wanna know when will be back to my cc
billye: thanks
billye: july 14. EST afternoon, 2450$ is deduced from my acc , yes
R: I see that it was sent to Visa card ending in 5**0.
billye: yes
billye: hi could you help me check when "it was sent to Visa card ending in 5**0"?
billye: thanks
R: It was sent on the 07/15/2009 3:00:12 AM BST
R: British Standard Time
R: Est +7hrs
billye: ok, so it is 20pm July 14 EST which is 2 days ago
billye: I see
billye: maybe I will wait 2 more day for the clearing to happen
billye: fxsol typically takes 3 day from request to show up in my cc
billye: let me just wait
billye: thanks
R: Ok
R: Thank you for coming on Live Chat. If you have any questions or concerns, please don't hesitate to contact our offices via Live Chat, or by phone at (212) 897-7660.
billye: sure byebye
  • #57
  • Jul 16, 2009 8:34pm Jul 16, 2009 8:34pm
amount cancel back to cc was issued by fxcm
on July 14 evening EST or July 15 asia time.

my cc bank handled book close July 16.
I was able to see it in system July 17 now.

transaction req
2009-07-15
book close
2009-07-16
FXCMUS
cc 5**0
＄-2,450.00

so it takes approx 5 working days from req to cc see money, to be safe better put 6 working day.

Quoting billye
will do a follow of fxcm-uk withdrawal (cancel back to cc) request

request was confirmed to be received on July 13 noon EST.
amount was deduced from account on afternoon EST July14.

has not shown up on my cc yet. fxsol typically takes 2-3 biz day.
  • #58
  • Jul 17, 2009 3:44am Jul 17, 2009 3:44am
I met a problem with delta demo acc due to my lack of knowledge

WTI0809 oil aug contract close July18,
by delta contract, it auto close the position on July18-1day which is this noon.
but if I do not set auto roll-over, it will not auto buy to re-setup the position. so as a matter of fact my oil position is closed and not holding anything now.

I consulted fxcm-uk cfd who offer USOIL
it is actually hedged by WTI0809 contract, and on close date (July18), it will auto exec close at market rate,
and if you don't set anything, it will at same time auto exec open at market rate for WTI0909 contract.

fxcm-uk will not charge the close and open spread for it.
typically WTI0809 and 0909 tracks each other so it may be okey...

for example this afternoon 0809 is 61.6, 0909 is 62.6
now 0809 is 61.8, 0909 is 62.8.
but anyhow since this is a market sell and market buy, if you don't know pls be informed.... for example if you don't like 0909 price, exit before the close date.

tomorrow is the oil contract close date!

for dow index cfd, both fxcm and delta explain that this is a spot, (spot means ... spot forex?)
it is always tracking index (but how it track future when off market?) so there is no such expire date and close and roll-over problem
  • #59
  • Jul 17, 2009 4:25am Jul 17, 2009 4:25am
I did it at slow pace...

acc online application is done - day 1
asked to send a passport with signature, did - day 2
asked to fill an client confirmation letter - day 3
and prepare a cc scan of front with signature

I have one question regarding client confirmation letter says

"I/We the undersigned, hereby acknowledge and agree that the STORAGE charge will be applied to my/our Micro trading account(s), on
both buying and selling positions held open overnight, per each Micro lot, on a daily basis, after a predetermined period of time, in
accordance with the Storage Charge Table, updated from time to time on Windsor’s website."

now waiting for windsor to clarify what is that roll-over policy before signing it.

they says I'll know from web login AFTER signing the confirmation letter that "I KNOW" the policy.
I said it is not okey, pls inform me before I sign it.


Quoting billye
add in a new broker windsor brokers in watch list found in another thread.

claim to be founded Y1988, certified with CYSEC, FSA,
money seem to be safe in a separate account. (how separate?)
FPA feedback is 4* base on 30 feedbacks.

here is min position size:
micro acc: crude oil 600$, dow 800$, forex 1000$
mini acc: crude oil 6000$, dow 8000$, forex 10k$, gold 10oz=9k$
std acc: crude oil 60k$, dow...
  • #60
  • Jul 17, 2009 5:46am Jul 17, 2009 5:46am
fxcm cfd just now have a ridiculous oil price change... from 61 to 62.5$

I don't think it's due to any news... neither WTI0809 or 0909 show such a change.

will consult support on this.

Quoting billye
I consulted fxcm-uk cfd who offer USOIL
it is actually hedged by WTI0809 contract, and on close date (July18), it will auto exec close at market rate,
and if you don't set anything, it will at same time auto exec open at market rate for WTI0909 contract.

fxcm-uk will not charge the close and open spread for it.
typically WTI0809 and 0909 tracks each other so it may be okey...

for example this afternoon 0809 is 61.6, 0909 is 62.6
now 0809 is 61.8, 0909 is 62.8.
but anyhow since this is a market sell and market buy, if you don't know pls be informed.......
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