FXCM slowing?

Anyone having slow FXCM now?

Nobody else? Hmm, probably my connection.

Compared to my another broker I'm currently using?Yes,it's slow.


Hope this helps,


N

FXCM slowing..definitely.
they ignore it though

I never understood why traders do business with brokers that have negative reviews dating back 5 years and when something goes wrong comes to FF complaining or "wondering" about that broker.

show me a broker that DOESN"T have negative reviews....

I will- when you show me a post that says FXCM's pricefeed and trade execution speed are at least "normal". Of course, we know the answer to both questions already?

Why is that? I am with CMS FX and they had TERRIBLE opinion 2-3 years ago. Now they are completely 'new'. Things are changing. stereotyping may be dangerous.

And yes...there is no such broker that does not have negative comments. All have. If there was broker with no negative comments this would be total monopoly for him as he would be simply the best.

2 Weeks ago I was trading with a mate here, both on my computer she's got a new Spread Betting account I've got the standard Spot account, her orders went through sub 1second mine took @5seconds, not just 1 trade and exits to.


So there is something going on I fear likely Spot accounts have many many more users due to USA new trading rules likely over loading there servers.

edit

If there's a technical issue occuring on FXCM's side, we will update the website www.fxstatus.com. The website updates every 30 seconds with the most up to date information.

Latency in internet connections is a common occurrence in some areas of the world, particularly for users in South Africa, Malyasia, Singapore, and China. For this reason, we have proxies you can use to find a better connection to our servers.

But please contact FXCM first so that we can at least identify what is happening to help fix it.

Here's something that may be of interest:

I'm using the standard FXCM Software to trade off, Meta seperately just for quotes so thats not it.

Both same software only difference is she's on the UK only Spread Betting account, which might have a different server, but doubt it.

Not that I'm saying 5 seconds is a issue, just I ended up double clicking again and having 2, but it profited so all fine

Hi direct-trade, the post doesn't apply to our platform, but you can read my response in this thread post #28 http://www.forexfactory.com/showthre...=163145&page=2

Cheers,

Jason

Technically, all brokers have negative reviews but brokers that held negative reviews for years without attempting to improve their service or better themselves should not be worth any trader's time nor equity. And congrads on CMS, all brokers should follow the improvement model that CMS has implemented. So, congrads on your success with CMS!!!

As for me, at this point my broker can't do me no wrong. I love GFT! I started my business with them becasue out of all the brokers I've demo and tried, GFT was the most professional and offers a easy way of doing business. GFT does have it's fair share of problems but are usually very fast and efficient solutions. Such as when they did a software change (which usually happens over the weekend) and I was experience software connection issues with my Blackberry mobile trading program. GFT's rep told me the problem and email me the next RELEASE of the Blackberry software 1 month before they were to release that software version to the public via their website. Now this is just one example of a broker making it's customer's happy. I can give you at least 5 more story's similar to that one.

US Commoditiy Futures Trading Commission award of damages to former FXCM Client due to price manipulation/delayed quotes etc etc etc dated 2009:

http://www.cftc.gov/stellent/groups/...ickten2309.pdf

This company spends more money on toilet paper each week than this 2500.00 fine. Also shines a brillant light on their "real" company practices and procedures.
I didnt NEED to read this CFTC Action - I WAS their customer.

Sounds like he couldn't trade, blaming FXCM for Margin calls, the rules are there too many lots not a big enough account.

Nothing for me to worry about there thankfully!!

Jason why is the Liquidity so low on your active trader platform, you say you can handle 50mill per trade, but on active trader it only show about 1-10mill 5 deep on gbp/usd pair

Hi traderfx,

Just noticed you posted your question on this thread also. Here's the post from the other thread:



Hi traderfx,

Thanks for the question. While there is a max execution of 50 mill per click, that doesn't mean there is vast amounts of liquidity at each price. Active Trader platform pulls away the curtains so to speak, so that you can see what prices you'll be executed at if you plan to push through large trades.

As the spread gets wider the liquidity at that price becomes larger. The banks are managing their risk by limiting the amount they have on offer at the very tightest spreads. Below is a screenshot of the spreads I took just now of the Active Trader platform and the market depth so we can go over it in more detail. (Anyone can register for a demo if you want to follow along at home . Liquidity will fluctuate throughout the day along with the active trading periods.)

http://img147.imageshack.us/img147/2...tivetrader.jpg

I have the platform setup to show 5 levels of market depth. GBP/USD currently has 4 levels being quoted by the banks, with EUR/USD on the left hand side displaying all 5.

The Active Trader platform has it's own dedicated liquidity pool. So individual arrangements are made with the banks making this liquidity exclusive for active traders. Spreads are not consistently the tightest on the GBP pairs right now, so if you want to put through anything over 2-3 million per click, watch the market depth first. All of the other pairs are quoted with consistency, and we expect the spreads on the GBP pairs to tighten shortly.

So back to the example. If the bank is quoting a very tight spread, they won't be willing to take on a large amount of risk. In order to take on more risk, they're going to charge more. If you look towards the bottom of the market depth list it shows ALL. This tells you the total amount of liquidity available in the 5 levels of market depth and the average price it will cost you. For GBP/USD, you can buy 13 mill in one click at the price 1.6485 and the spread is 1.9 pips. Compare this with EUR/USD. You can buy 15 mill at the price 1.46595 at a spread of 0.6 pips. (There is also a commission which is based on your monthly trading volume).

Active Trader is useful when you're scalping actively throughout the day because you know what type of liquidity is out there in the market and what type of slippage if any you can expect. API connections are also available for active trader.

-Jason