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  • #1,541
  • Edited 9:21am Nov 2, 2010 9:11am | Edited 9:21am
Quoting GubyIQ
jason, thanks for the replies.

Can you explain why the MMR doubled ? As I said in my previous message, it also doubled around the beginning of US session (so I don't think there are liquidity issues).

Why do i insist on this ? Because i can't find the logic behind it. And if this is random, what stops it from going from MMR 100 for eur/usd to 200 or more and margin call my account ? I mean, if the account was opened with MMR 50 for eur/usd, then it shouldn't change without prior notice. Am i right ?
Hi Guby,

Thanks for posting the screenshots. I agree with you that this does not make sense. I sent the demo username to our tech support so we can investigate why this is occurring. The leverage setting on your demo is set to 0.5% margin so it should not be changing. I will let you know when I hear back from our tech support team.

Thanks again for the additional information.


EDIT: I received a fast response from tech support on this one. The MMR display column can be fixed by re-installing the platform from our website. There was a minor update to the FX Trading Station II which hasn't been pushed out to clients, but it is available on the website. Please re-install the platform directly over what you have installed on your computer right now and it should fix this issue. There is no need to uninstall the version you are using, just re-install. http://www.fxcm.co.uk/forex-software-download.jsp .

-Jason
  • #1,542
  • Nov 2, 2010 9:43am Nov 2, 2010 9:43am
Quoting romulanvox
Hi Jason,

I'm from Singapore just started a Micro account with FXCM UK with a starting equity of just USD$250.

The MMR readings from TSII seems very small. E.g. 3.75 : 1 for EUR/USD.

Attachment


I'm somewhat confused as the FXCM UK site states that leverage for Microlot is usually 400 : 1.

Could you help to explain the leverage available to my micro account?

I'd like to know if there's anything I can do to increase the leverage available. I've accessed myfxcm.com but couldn't find any links which allows me to change...
Hi romulanvox,

400:1 is the maximum leverage available for micro accounts through FXCM UK; however, the leverage can be reduced (margin increased).

The margin change button had to be temporarily removed from MyFXCM while we make an update to the site. I expect it may be available as early as this weekend. If you want to change your leverage before then, please contact micro support through this page http://www.forexmicrolot.com/forex-answers.jsp and they can help with this.

-Jason
  • #1,543
  • Nov 2, 2010 2:27pm Nov 2, 2010 2:27pm
@Jason

thanks for your answers.
The worst thing I can be is the same as everybody else. I hate that.
  • #1,544
  • Nov 2, 2010 3:58pm Nov 2, 2010 3:58pm
New Coding Documentation for Strategy Trader

If you found the coding documentation for Strategy Trader lacking up until this point, you'll be happy with this update. We re-organized the help documentation making it easier to navigate and more detailed to help with coding your indicator or strategy. The new help file is attached to this post.

-Jason
Attached File(s)
File Type: zip Strategy Language Help.zip   224 KB | 366 downloads
  • #1,545
  • Nov 3, 2010 1:24pm Nov 3, 2010 1:24pm
fxcm does not fill my fucking trades!!!!!!!!!!!!!!!!

This is the fucking second time this week!!!!!!!!!!!!


Unacceptable


THIS IS FUCKING BULLSHIT
  • #1,546
  • Nov 3, 2010 1:36pm Nov 3, 2010 1:36pm
fxcm is nothing more than a bucketshop.......trade with them at your own risk. They hunt stops, do no fill orders, they will slip you etc.......execution is terrible during volatility, second class.


I have an account with shitty oanda and even they filled me at 4179........
  • #1,547
  • Nov 3, 2010 2:04pm Nov 3, 2010 2:04pm
i called fxcm and they said they would not give me the trade........so as you can see they are not interested in their clients best interests, they only care about making money off of them by ways of shady practices.
  • #1,548
  • Nov 3, 2010 2:48pm Nov 3, 2010 2:48pm
If they give you, its out of their pocket. So it wont happen
  • #1,549
  • Nov 3, 2010 2:55pm Nov 3, 2010 2:55pm
Quoting mfoste1
i called fxcm and they said they would not give me the trade........
FXCM does not determine whether your order on NDD forex execution is filled or not. Order execution is dependent on liquidity. If there's a buyer at the price you want to sell at, then the order is filled. If not, the order is rejected or it tries to execute at the next best price depending on what type of order it is.

The market is often less liquid during news events and trading tends to become one-sided during the news announcement as everyone rushes one way and then another.
  • #1,550
  • Nov 3, 2010 3:05pm Nov 3, 2010 3:05pm
Quoting MoreYummy
If they give you, its out of their pocket. So it wont happen

yea they gave me their "liquidity bullshit" speech......funny bc i got filled on two other borkers (oanda, dukascopy) at the same price. Ive had the same issues with them more than once. Their bullshit never seems to end.

Dont fucking tell me there wasnt any liquidity for a 10k minilot at 4174..........
  • #1,551
  • Nov 3, 2010 3:16pm Nov 3, 2010 3:16pm
Quoting mfoste1
fxcm is nothing more than a bucketshop.......trade with them at your own risk. They hunt stops, do no fill orders, they will slip you etc.......execution is terrible during volatility, second class.


I have an account with shitty oanda and even they filled me at 4179........
you're looking for a perfect fill during FOMC ? Why don't you come back on friday during NFP with the same lousy speech ?
On the previous page one guy complains of slippage on his order in gbp/jpy during an important UK announcement.
You people who make this type of comments shouldn't even be allowed to open a trading account !
The worst thing I can be is the same as everybody else. I hate that.
  • #1,552
  • Nov 3, 2010 3:23pm Nov 3, 2010 3:23pm
Quoting GubyIQ
you're looking for a perfect fill during FOMC ? Why don't you come back on friday during NFP with the same lousy speech ?
On the previous page one guy complains of slippage on his order in gbp/jpy during an important UK announcement.
You people who make this type of comments shouldn't even be allowed to open a trading account !

so its ok that I dont get filled twice this week????

should i just accept that?

or do you work for fxcm?

then why are you trying to rationalize a trade not getting filled?
  • #1,553
  • Nov 3, 2010 3:37pm Nov 3, 2010 3:37pm
I don't know for how long have you been trading forex and what books about trading have you read. In fact, it seems to me you haven't even read the broker's website with all the disclaimers there.

here, i'll make it easy for you, read this. http://www.fxcm.co.uk/trading-execution-risks.jsp

After you finished reading it, read it again ! Then maybe you'll stop making a fool of yourself by posting childish comments.
The worst thing I can be is the same as everybody else. I hate that.
  • #1,554
  • Nov 3, 2010 7:00pm Nov 3, 2010 7:00pm
Quoting mfoste1
yea they gave me their "liquidity bullshit" speech......funny bc i got filled on two other borkers (oanda, dukascopy) at the same price. Ive had the same issues with them more than once. Their bullshit never seems to end.

Dont fucking tell me there wasnt any liquidity for a 10k minilot at 4174..........
I feel ya. I set a pending sell order on E/U last night. It was a sell at 4168 which price didn't hit until after the FOMC statement today. Never got filled on it.
  • #1,555
  • Nov 3, 2010 8:35pm Nov 3, 2010 8:35pm
Quoting mfoste1
fxcm is nothing more than a bucketshop.......trade with them at your own risk. They hunt stops, do no fill orders, they will slip you etc.......execution is terrible during volatility, second class.


I have an account with shitty oanda and even they filled me at 4179........
Same story here mate, my long position that I was in had TP set at 1.4155 it reached and went through 1.4155 yet it didn't get closed?? Tried to close it manually yet the system said that that particular positions was already closed ????
Eventually After trying again it let me close said position at + 16 pips.

Utter bollocks, this is not the first time this happens even in non volatile market conditions.
I'll take my conclusions out of this and definitely will not transfer my bigger account to FXCM.
Enter Signature
  • #1,556
  • Nov 3, 2010 8:53pm Nov 3, 2010 8:53pm
FXCM has been great to me. I used them for a time and never had a problem. They post their financial information and are regulated by NFA, which I respect.

Do they hunt stops and move the market? No. If you're every like "oh no, they're hunting my stops!", open a price feed on mbtrading.com and dailyfx.com and you'll see that the moves are similar and there is no manipulation. Think about it. Why would a firm with 100,000 traders start alienating their traders by cheating them? If they left, there would be fewer trades and less profit.

If you're ever thinking that they're hunting stops do the following:
1) Go to www.mbtrading.com and look at the current quoted prices
2) Open www.dailyfx.com and look at the quoted prices
3) Open www.interactivebrokers.com and browse to their quoted FX rates
4) Watch. Keep them open while you trade. They don't move the price to take your position out of the market. That's just silly.

My only problem with FXCM is the spread. Their spread is not market based, it just hides their commission. I am using MB Trading for spot FX right now and they are great.
  • #1,557
  • Nov 4, 2010 2:26am Nov 4, 2010 2:26am
Quoting mfoste1
yea they gave me their "liquidity bullshit" speech......funny bc i got filled on two other borkers (oanda, dukascopy) at the same price. Ive had the same issues with them more than once. Their bullshit never seems to end.

Dont fucking tell me there wasnt any liquidity for a 10k minilot at 4174..........
Well Oanda is a market maker/bucketshop so of course they will fill. Looks like in your case, Dukascopy has more available liquidity available than FXCM being a full ECN.
  • #1,558
  • Nov 4, 2010 2:32am Nov 4, 2010 2:32am
oanda is market make and bucket shop at same time?
so you telling me it has alot or little liquidity?
  • #1,559
  • Nov 4, 2010 10:01am Nov 4, 2010 10:01am
Saw this on another website:

"Pressed By Global Regulators, Forex Broker FXCM Restructures
By Christopher Zinsli Of DOW JONES VENTUREWIRE
Regulators in three countries are questioning FXCM Inc. about aspects of its foreign-exchange brokerage business, and in some cases the inquiries are prompting the company to undertake costly restructuring efforts, the IPO registrant disclosed in its prospectus.
The New York company, whose forex-trading services are used by 175,000 retail and institutional customers, said regulatory agencies in the U.S., Canada and Japan have inquired about the way the company solicits customers and executes trades.
FXCM said the agencies haven’t brought enforcement actions against it, but the company has begun restructuring parts of its operations to assuage regulators’ concerns.
Jaclyn Sales, FXCM’s vice president of corporate communications, declined to comment further on the matter, citing Securities and Exchange Commission quiet-period rules for pre-IPO companies.
U.S. forex brokers operating overseas must navigate a maze of international, national and, sometimes, local regulations. Many countries prohibit foreign companies from directly soliciting their citizens for forex services"
Unquote

It will surprise no one that the execution of trades is being put in question. The NDD execution model of FXCM is the worse out there with massive slippage which is never in client's favour.
  • #1,560
  • Nov 4, 2010 12:44pm Nov 4, 2010 12:44pm
Quoting PipStar
The NDD execution model of FXCM is the worse out there with massive slippage which is never in client's favour.
Slippage can go in favor of the trader and this is explained on our website http://www.fxcm.com/forex-price-improvements.jsp . Every forex order with FXCM can receive positive slippage contingent on available liquidity.
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