fxcm micro is best for scalping
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DislikedTo answer your question from yesterday, MT4 can still have access to the same currency pairs available as on the active trader platform.
The gold program is flexible if your balance drops due to trading, but you could be taken out of the gold program due to withdrawals.
The gold representatives are able to provide customized solutions so if there was a specific reason you were concerned about losing gold status, then you could always discuss it directly with the gold team.Ignored
Dislikedsince we are on fxcm, may i ask whether fxcm offers any privileges if i were to open a second account, e.g. bonus dollars or lower spread?Ignored
But there are few things I am very surprised. I traded with fxcm using their trade station II two years ago, order opening and closing were very good, order with tp level set got executed at that exact tp price. now I am using mt4, very rarely I got my tp price, sometimes I got more than tp price sometimes I got less.
for example: order 1 (short) opened at 1.52289 and tp at 1.52229, then when market price goes down at that tp level, my order got filled at 1.52245 (this is when I got less than my tp level)
There are some cases that I have reported to fxcm, slippage is 7 pips on tp execution (so that trade I lose instead of winning despite of the fact that the price has reached the tp level)
During these two weeks, there is a lot of slippage on tp execution (70 trades out of 150 trades). so this is a catch that you need to consider when going live with them.
Another small thing is under my trade history, I got quite a few lines saying "Balance ... auto account sync with fxcm", somes lines with 0.01, some with -0.01, some line with x.xx (which I assume that this is rollover rate).
Not sure how much difficult it is to say something more meaningfull like rollover for rollover and rounding adjustment for rounding issue.
I am not sure either of why we have rounding problem?
So to sum up, my major disappointment is tp slippage. Even though, my "7 pips slippage on tp" is still under review, I just want to let you know my experience.
Traders, do you have the same issue? if yes, what is your solution?
Thanks
Disliked
Another small thing is under my trade history, I got quite a few lines saying "Balance ... auto account sync with fxcm", somes lines with 0.01, some with -0.01, some line with x.xx (which I assume that this is rollover rate).
Ignored
DislikedHi Jason,
Can you help to explain how slippage can happen on tp?
Say I have a trade with tp at 2.00000, this tp is registered on the trading system, once the market reaches 2.00000, these order should be treated as limit order and get filled at that or better price. The tp order is on the system, the market has come to that level even for a moment of the second then that tp should have been filled.
In my case. it is not, I got 7.5 pips slippage on all four tp trades.
it seems to me like: yes, fxcm welcomes scalpers but be aware that our slippage...Ignored
DislikedI don't aim to trade for the rollover rate but when I checked my chart in mt4, with the normal spread on eurchf of 3.x (europe and ny) to 4.x - 5.x (asia time), my trades should have reached tp level but they weren't closed (around 30 minutes away from the rollover time), they were sell orders so I couldn't see the ask price but the bid price was 10 pips lower than my tp level. I called fxcm support and got a reply saying that the spread at that time was 15 pips!!! so your orders haven't reached the tp yet.
Just another factor for potential...Ignored
Dislikedive traded with fxcm
its not the place for scalping-- period
they will bend you over in all postionsIgnored
DislikedIf you want to scalp, then the active trader platform is ideal for scalpers. You're paying a commission instead of a spread mark-up on each currency pair, and you also have access to level II type market depth to see the amount of liquidity being offered by the banks.
FXCM rewards high volume traders through the active trader platform since we're making money based on trading volume, and scalpers are generally higher volume traders. FIX api for is available for active trader as well.
JasonIgnored
DislikedAfter a month of trading with fxcm mt4, I have to give up.
Too much and too many slippage. Order excution time vary from 1 to 15 seconds. When my order took 8 seconds to filled, I called fxcm support and I was told that it is normal for fxcm mt4 to fill order within 10 seconds!!!
The staff there also explained to me that bt mt4 works like a bridge to their trade station. so under mt4, order from mt4 --> trade station --> market --> trade station --> report back to mt4, so there is an extra time for a round trip between mt4 and trade station (in...Ignored
DislikedI do ride the dark horse of doom-lol. (Cobra) But ngson99 just exercised his free will. I also did several years ago when I bailed. I just cant resist an FXCM or IBFX thread. Just too much meat for the grinder.Ignored
DislikedThe staff there also explained to me that bt mt4 works like a bridge to their trade station. so under mt4, order from mt4 --> trade station --> market --> trade station --> report back to mt4, so there is an extra time for a round trip between mt4 and trade station (in trade station, order goes directly to market).Ignored
DislikedIf you want to scalp, then the active trader platform is ideal for scalpers. ...............
JasonIgnored