FXCM Discussion | Page 126 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

FXCM with Sierra Charts - Discussion and alternatives 8 replies

Elliott Waves discussion 4 replies

FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies

Euro/Dollar discussion 9 replies

Forward Testing Discussion Thread 241 replies

Attachments: FXCM Discussion
Exit Attachments

FXCM Discussion

  • #2,501
  • Jan 19, 2012 9:44am Jan 19, 2012 9:44am
Hi Jason, i would love to fund my FXCM account with liberty reserve, is it possible?
  • #2,502
  • Jan 19, 2012 11:06am Jan 19, 2012 11:06am
Quoting Jason Rogers
It was brought to my attention that the quoted post from last April is not up to date and caused some confusion, so I wanted to make sure everyone is aware of this. The minimum lot size for standard accounts with FXCM is 1k micro lot. It was changed a few months back from 10k to 1k. Micro accounts with a starting balance of $50 are still available, and standard accounts now have the ability to trade 1k micro lots as well.

Jason
Hi Jason,

I'm satisfied with FXCM Micro, but do you know if FXCM has any plans to merge FXCM Standard & Micro with maybe a higher minimal deposit? Just curious
  • #2,503
  • Jan 19, 2012 8:25pm Jan 19, 2012 8:25pm
Do they have any offices in Paris?
  • #2,504
  • Jan 20, 2012 7:40am Jan 20, 2012 7:40am
Quoting fx13
Hi Jason,

A professional question sir:

Does FXCM have 2 diffrent raw feeds? I don't talk about the standard price feed.

Thanks for your reply
13
Hi 13,

There's one price feed that all accounts use. So active trader and standard accounts are on the same feed, with the difference being the pip mark-up reduction on the active trader accounts. All active trader accounts are on the same feed .

Jason
  • #2,505
  • Jan 20, 2012 7:43am Jan 20, 2012 7:43am
Quoting Adeleke
Hi Jason, i would love to fund my FXCM account with liberty reserve, is it possible?
Hi Adeleke,

Liberty reserve is not an available funding option for FXCM accounts. FXCM currently accepts 4 methods of deposit including credit/debit card, bank wire, paper check, and ACH deposits (U.S. bank accounts only). A list of deposit FAQ's for each method can be found here http://www.fxcm.co.uk/depositing-funds.jsp#FAQ . If you need help with the deposit, please feel free to sign on to live chat through FXCM's website or give customer support a call.

Jason
  • #2,506
  • Jan 20, 2012 7:48am Jan 20, 2012 7:48am
Quoting fr_fxtrader
Do they have any offices in Paris?
Hello fr_fxtrader.

Yes, FXCM has an office in Paris, and you're welcome to stop by if you would like to visit. Just please make sure to call in beforehand so the office staff knows you will be visiting. Contact information for the Paris office is found here http://www.fxcm.fr/contactez-fxcm.jsp .

Jason
  • #2,507
  • Jan 20, 2012 8:28am Jan 20, 2012 8:28am
Quoting Forex5050
Hi Jason,

I'm satisfied with FXCM Micro, but do you know if FXCM has any plans to merge FXCM Standard & Micro with maybe a higher minimal deposit? Just curious
Hey Forex5050,

No plans that I know of.
  • #2,508
  • Jan 21, 2012 9:40am Jan 21, 2012 9:40am
Jason, for 2012, any plan like:

1. to revise the minimum requirement for Active Trader account, as example from $50K to $25K, like good old day? I have few friends that have fund around this number, $25K and only able to use normal standard account, not AT. I know ATC broker is one of alternative, but they love to have and maintain direct account with FXCM.

2. to lower down current spread (may be 0.3 - 0.9 pips) for standard account)

3. to increase standard account leverage (on demand) from 1:200 to 1:400 for FXCM UK / AU?

cheers
  • #2,509
  • Jan 23, 2012 10:55am Jan 23, 2012 10:55am
Quoting zam4ever
Jason, for 2012, any plan like:

1. to revise the minimum requirement for Active Trader account, as example from $50K to $25K, like good old day? I have few friends that have fund around this number, $25K and only able to use normal standard account, not AT. I know ATC broker is one of alternative, but they love to have and maintain direct account with FXCM.

2. to lower down current spread (may be 0.3 - 0.9 pips) for standard account)

3. to increase standard account leverage (on demand) from 1:200 to 1:400 for FXCM UK / AU?

cheers...
Hi zam,

Good hearing from you and thanks for your questions.

The other way your friends could join the active trader program for lower spreads without meeting the $50k balance requirement is to have a monthly trading volume of 10 million notional. If your friends are near the trading volume requirement, then I would definitely recommend that they speak with the active trader team to see if they could work something out.

Offering the lowest spreads possible while at the same time providing the best products and services is something always on our mind. I don’t have any information on developments unfortunately, and this type of information would likely come out as a public announcement from the PR team. Now that we’re a publicly traded company, I’m restricted in the types of information I can release in terms of things we’re working on.

For leverage, I doubt it would be lowered from its current maximums since 200:1 and 400:1 are already towards the high end. What will help is the lowering of the margin requirements for Euro based currency pairs currently scheduled for this weekend. Margin requirements are being lowered due to the drop in value of the EUR/USD. I will have more details about this later in the week.

Cheers,

Jason
  • #2,510
  • Jan 23, 2012 1:31pm Jan 23, 2012 1:31pm
What is difference between DX ( dollar index) and DJ _FXCM dollar index?
Which one to use ?
The Market pays you to be disciplined
  • #2,511
  • Jan 23, 2012 8:38pm Jan 23, 2012 8:38pm
Jason,

Is there a difference in the Trading Station software versions when downloading from http://www.forexmicrolot.com and http://www.fxcm.co.uk sites?

Thanks.
  • #2,512
  • Jan 24, 2012 10:19am Jan 24, 2012 10:19am
Quoting mima
What is difference between DX ( dollar index) and DJ _FXCM dollar index?
Which one to use ?
Hi mima,

The Dow Jones FXCM US Dollar Index (Ticker: USDOLLAR) measures the value of the USD against 4 other currencies: Euro, British Pound, Japanese Yen, and Australia Dollar. An equal weighting is given to each currency to determine the value of the index, and the index value started at 10,000 as of January 1, 2011. If the US Dollar rallies 100 pips against the euro, Australian dollar, Japanese yen, and British pound, the index will appreciate by approximately 100 points due to the index being equally weighted. The index is trading around 9,889 at the moment, so the value of the dollar as a whole has dropped slightly since January 2011.

The US Dollar Index (USDX) is an exchange traded futures contract traded on the ICE, and it measures the value of the dollar against the EUR, JPY, GBP, CAD, SEK, and CHF. The USDX was created back in the 1970's when Europe made up a greater proportion of economic size, trade, and the amount of FX transactions taking place vs. the USD, but it has undergone few changes since then. It's no surprise then that the USDX is very euro-centric with nearly 78% of the basket being made up of European currencies (EUR, GBP, SEK, and CHF). The index created by Dow Jones and FXCM gives more geographic diversification to the index while also measuring the USD against the top 4 currencies in terms of turnover.

The index basket can be found on FXCM's platform in the dealing rates window listed as USDOLLAR, and it's available in all live accounts except those with FXCM US. Here's where you can find more information on our website http://www.fxcm.co.uk/usdollar-dow-j...dex-basket.jsp .

Jason
  • #2,513
  • Jan 24, 2012 10:36am Jan 24, 2012 10:36am
Quoting m00ds
Jason,

Is there a difference in the Trading Station software versions when downloading from http://www.forexmicrolot.com and http://www.fxcm.co.uk sites?

Thanks.
Hi m00ds,

Only a minor difference such as the Support button leading to the online micro support area rather than live chat. Trading functionality wise, everything is the same.

Jason
  • #2,514
  • Jan 25, 2012 3:40am Jan 25, 2012 3:40am
Hello


Just opend a demo with FXCM.
Here is a quick visual of the spreads which i thought I would compare to another Br'k

Left side of each pair FXCM right side UPfx.

I'm not saying UPfx is better just wondering if anyone has a thoughts on FXCM spreads.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: spreads.jpg Size: 106 KB
  • #2,515
  • Jan 25, 2012 5:04am Jan 25, 2012 5:04am
I just had a look on UPfx spreads here http://www.upfx.com/forex-spreads.html
what I can see is FXCMs spreads are much better,
there is only one pair Upfx seems to be lower on while FXCM is lower all over the board.
personally I think FXCM spreads are ok since thats all you pay with them,
I agree they might look huge at first sight if you are used to ECN's
but when you think about it they are actually cheaper than ECN's
there is no other fees than the spread, with ECNs you will pay commision
on top of the spread, the spread might look awesome but after
the commision is drawn you get a nasty suprice
Bulls are stupid Animals!especially when Im short!
  • #2,516
  • Jan 25, 2012 5:13am Jan 25, 2012 5:13am
Quoting roughtrader
I just had a look on UPfx spreads here http://www.upfx.com/forex-spreads.html what I can see is FXCMs spreads are much better
there is only one pair Upfx seems to be lower on while FXCM is lower all over the board.

Thanks roughtrader
Intersting mind, I'm not sure how you arrive at that conclusion though.

Here are FXCM spreads and UPfx. When I compre them I see FXCM much higher.

http://www.fxcm.com/forex-spreads.jsp

http://www.upfx.com/forex-spreads.html

Ok I'm missing something.
Cheers
  • #2,517
  • Jan 25, 2012 5:22am Jan 25, 2012 5:22am
Quoting courtneywild
Thanks roughtrader
Intersting mind, I'm not sure how you arrive at that conclusion though.

Here are FXCM spreads and UPfx. When I compre them I see FXCM much higher.

http://www.fxcm.com/forex-spreads.jsp

http://www.upfx.com/forex-spreads.html

Ok I'm missing something.
Cheers
maybe we are looking at it differently?
I see some pairs at UPfx are lower indeed
but I also see some pair all the way up to 11 and 12,
what Im saying is FXCM spreads are lower across the board,
Screenshot is my Live acount spreads.
Attached Image (click to enlarge)
Click to Enlarge Name: Live Spreads.jpg Size: 275 KB
Bulls are stupid Animals!especially when Im short!
  • #2,518
  • Jan 25, 2012 5:51am Jan 25, 2012 5:51am
Quoting roughtrader
maybe we are looking at it differently?
I see some pairs at UPfx are lower indeed
but I also see some pair all the way up to 11 and 12,
what Im saying is FXCM spreads are lower across the board,
Screenshot is my Live acount spreads.
Ok I see thanks for the screen shot very helpful.

Cheers and have a great day
  • #2,519
  • Jan 25, 2012 7:22am Jan 25, 2012 7:22am
So, what is the conclusion between FXCM and UPFX?

cheers
  • #2,520
  • Jan 25, 2012 7:25am Jan 25, 2012 7:25am
Quoting Jason Rogers
The other way your friends could join the active trader program for lower spreads without meeting the $50k balance requirement is to have a monthly trading volume of 10 million notional. If your friends are near the trading volume requirement, then I would definitely recommend that they speak with the active trader team to see if they could work something out.
Thank you for above response.

I need to get back to them, and check their trading volume per month.

cheers
12 traders viewing now