This letter is to notify you that the scheduled transfer of your account to GAIN Capital Group - FOREX.com UK Ltd (FOREX.com) has been postponed until Friday, October 22, 2010. We sincerely apologize for the delay and assure you that there has been no change to your account or to any of your open positions. You may continue to access your trading account via VT Trader until October 22, 2010.
In order to successfully complete the transfer of your account, you must review and agree to the FOREX.com Customer Agreement, which is accessible by clicking the button below, by 12:00 pm on Friday October 22, 2010. Transfer My Account
You are not required to transfer your account. If you oppose the transfer of your account, click here. What will happen to my account?
On Friday, October 22, 2010 at approximately 5:00 pm your account will be transferred to FOREX.com UK
You will be assigned a new account number �(UserID) and Password
Open positions will be closed and the net position will be reopened at the market rate as of 5:00 pm EST on October 22, 2010. Micro positions will be rounded down to the nearest ten thousand.
Open orders will be cancelled as part of this effort.
�Margin settings in your account will be majors: 200:1, minors: 100:1, metals: 200:1,CFDS (including Oil): 100:1,USD/HKD: 10:1
Information on GAIN Capital - FOREX.com UK("FOREX.com UK")
FSA ID: 190864
Address: Floor, 12 Camomile Street, London EC3A 7PT
Customer Service at Forex.com can be reached at [email protected] or 0800 032 1948
We thank you for being a valued customer of CMS Forex.
My $1500 acct had 0.01 in it friday evening when i got home checking to see what happened with market while i was gone.I deleted old VT Trader & reinstalled it,thinking it was a glitch.Then i stumbled across CMS & GAIN take over stuff. Forex,com got me setup Sunday evening,funds in new acct.But i was setup in their pro trading package.Didn't like it & i had to fax documents to let me use MT4. Waiting for that to go through. Their pro charts want enlarge enough from what i can see.Maybe i didn't play with it enough.
Not a big fan of MT4.Somewhat primitive compared to VT Trader. But i got familiar with it awhile back playing with some robots & other buy & sell indicators.
P.S. We need to put some pressure on Forex,com to let us use VT Trader.
They didn't give us any kind of warning about the take over.
$$$$$ speak louder than words
I hope so too, however Dukascopy is Swiss so I don't think they will buy into the madness.
Ignored
I just talked with Dukascopy today and in a roundabout way they told me changes are coming there too - which I was grateful to the person I talked to that they gave me a heads up because I was going to open an account there to get away from the oppressive CFTC, but looks like that's not going to work.
As far as CMS, don't blame them - blame the CFTC. CMS is just being pro-active of more changes to come to retail forex and are just being smart by getting a jump on concentrating on institutional forex only. More oppressive changes coming - 10:1 or less leverage or the shutting down of retail forex one way or another. Laugh at me now, but believe me later - I will be here when it happens to say I told you so.
RIP retail forex - I will miss you when you're gone.
As I said in my previous message, these changes are as to be expected from the Washington air heads and Co..
The only options are limited but viable:
1) Trade with forex.com US. You wil have to use MT4. Most probably they will not offer VT live, according to my phone call.
2) Use VT with CMS Bermuda, or UK, but with different citizenship and a foreign address if you have one.
3) As per Fxpg, MF GlobalFXA offers VT, but they call it "Chart Trader". They are in Japan, and I don't know the japanes laws affecting americans, and I don't know this...
Ignored
Hi..fxvector#1 it is amaze to me when you said that you have had trade for 15 years and still going on in forex trading as most of the trader as far as I know including the big hedgefund cannot survive forex trading (macro).
I have question that is really stupid you might says and also quite embarashing to any traders here, but deep down in my heart I am just curious about existence of traders making a lot of money in Forex!.
Is there any trader here become well off (rich) by trading Forex with broker listed here or we/they're a bunch of "a will be a looser" but we're here being pretender?. I still think there is no broker in this kind of world (sorry not try to offend) want us become rich (by quitting and left to other piranha?) and instead they all want us to be broke/loss money by oneway and another like hunting stop loss etc?. This is just a brain storming question not to discouraging you, since we born with "free will"
Thx for long and may be stupid question too you that had trade for 15 years, but this is my honest question. Thanks again in advance for answering.
Has anyone in their phone calls or discussion have either asked them if they planned to allow the use of VT Trader as a charting system or tool, even if they sold it and it had to be leased or purchased? It wouldn't have to be able to trade on it, just use it as a live charting tool. I use the Chaos Awesome Osillator as one of my scalping tools and would really hate to lose it and have to go back to just using MACD.
Has anyone in their phone calls or discussion have either asked them if they planned to allow the use of VT Trader as a charting system or tool, even if they sold it and it had to be leased or purchased?
Ignored
Confusion seems to reign. Two days ago I talked to someone on CMS' Live Chat support. Now, obviously, these are frontline personnel who may not always have the correct information. To my question: who now owns VT Trader, he said: Gain Capital does.
However, today I got a response to an email inquiry about VT ownership from Gain Client Services, and I quote: Unfortunately we did not acquire the VT Trader platform from CMS.
I have traded for 15 years, and I never saw a Washington professional mob like this. They steal right and left, and they block any one else to make a decent buck, as much as they can.
May God help us all in these times
Ignored
That’s because they are led by is person of dubious US citizenship and a Wall Street puppet. Word is they’re going to get rid of him. Good riddance! He’s 3rd worldised the USA something shocking.
I’m in AU and I can see that the $AUD is now near parity with yours. That tells the story really.
As for CMS, I’m kind of glad they pulled the plug as their platform was pretty useless. I loathed the way it would resize the chart when you switched pairs/TFs. I’d lose my sense of perspective – i.e. is this a steep angle, are those MAs further enough apart, is price flat and so on.
Ugh, a week and a half into my Forex.com experience and I hate it. I should have stuck to my guns and held true to my resolve, (as indicated in my very first post in this thread), and closed my account. Can't believe I got talked into sticking around by a CMS customer retention person.
The ForexTrader Pro is just substandard compared to the VT Trader. Their mobile platform is even worse. I'm mostly a mobile trader, and find myself unable to trade with it...it's just horrid! Only iPhone users get an actual half-decent mobile app...BlackBerry users like myself are out of luck. We get stuck with this platform that has a crappy layout, and even crappier charting. It's really difficult to go from the excellence of the VT Mobile Trader, to this utter garbage. It is totally unacceptable.
BTW, still no word about CMS' promotions except "we're looking into the details".
So as it stands right now with Forex.com:
1. No VT Trader
2. No VT Mobile Trader
3. No honouring of CMS promotions
I see no incentive to continue trading with this broker.
Ugh, a week and a half into my Forex.com experience and I hate it. I should have stuck to my guns and held true to my resolve, (as indicated in my very first post in this thread), and closed my account. Can't believe I got talked into sticking around by a CMS customer retention person.
The ForexTrader Pro is just substandard compared to the VT Trader. Their mobile platform is even worse. I'm mostly a mobile trader, and find myself unable to trade with it...it's just horrid! Only iPhone users get an actual half-decent mobile app...BlackBerry users...
Ignored
I am getting really frustrated too! I called about the "bonues" that CMS said they would honour and forex.com is saying they haven't decided whether they will give these to us. Haven't decided?! Yea right...I am sure they have decided to not give them because they have our money now so what would drive them to give us the bonuses?
Plus I read some rumours that CMS knew they would be changing 6 months ago...right when the promotions were being offered...was it a way to lure us in or something so then we were stuck?
I just hope forex.com does the right thing and gives us our bonuses. But I am not holding my breath.
Plus I read some rumours that CMS knew they would be changing 6 months ago...right when the promotions were being offered...was it a way to lure us in or something so then we were stuck?
....
Ignored
These kind of deals do not happen overnight, CMS management have been working to set this up for some time. Only they know when they started this process.
CMS was my first account. I liked VTtrader a lot, but shut my account over a year ago when the margin rules first changed and other MM features became apparent to me. I asked on the VT forum about other brokers but only CMS were using the software. A shame in some respects.
Why can't you guys use the VT Trader Demo and trade accordingly? I was logged on to forex.com Live and VT Demo and they both seemed to move in synchrony.
If I can have this without CMS' notorious network failures, I'd be happier than before
Why can't you guys use the VT Trader Demo and trade accordingly? I was logged on to forex.com Live and VT Demo and they both seemed to move in synchrony.
If I can have this without CMS' notorious network failures, I'd be happier than before
Ignored
I am actually happy to not be with CMS anymore because every time I tried to get help with something or had a question it was never answered properly....or it took days to get a proper response. And for those that tried to use the chat...did anyone else notice it was basically useless and you got the same 2 people everytime (I wonder if they ever slept...or maybe that is why it took so long on chat to get anywhere)?
Plus VT trader (as great as it was) always seemed to go down. So yes it is ashame that VT trader can only be used in demo mode...but at least it is there to use still.
I just want the rest of my bonus. That is all. I see this from a contractual point of view. Also, I have it in an email and from several conversations that forex.com would continue with the bonuses. I find it all too convenient that this is not what is happening now (or at least it has not happened yet).
No problem with customer support.Kinda like the stop & limit thing auto popping up after i figured out to set the pips myself.It is automatically setup for 30 pip stop & 30 pip limit.Messed up my eur/usd trade last week.
It looks like you can't adjust the indicators. Thankfully VT Trader showed my the near perfect EUR/USD entry 1hr into new day. Got 116 pips out of it. 200 MA 1hr time frame was target. 140.70 looks like good new target.Kinda watching it at moment to do its FIB thing.
Stay away from forex.com like it's the plague. They will royally rape in fills and trading. I hate this company so much, and see so many people get ruined by there bad system/ethics. I would recommend you find a good ecn broker, Interactive Brokers or MB trading. FXCM active trader is ok, but not great. If you want a good match up for VT, then look at Currenex just pick a good broker that is using it.
CMS ceasing operations for retail traders
