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FXCM Discussion

  • #2,581
  • Edited 3:19am Feb 7, 2012 2:34am | Edited 3:19am
Quoting zam4ever
+ russia-based forex brokers leverage (for those willing to take risk)?

cheers
LOL

Any recommendations zam4ever?

Btw, just read an interesting article on forex magnets about NFA finalising the price slippage & price requoting rules. Worth a read..
  • #2,582
  • Feb 7, 2012 9:34am Feb 7, 2012 9:34am
Quoting iono
With that said I will start documenting and tracking.
Thanks,
Iono
Thanks Iono, definitely let us know.
  • #2,583
  • Feb 7, 2012 9:46am Feb 7, 2012 9:46am
Quoting slovforex
Hey Jason

Is FXCM going to reduce spreads?
2,7 spread on e/u is really high...I do not understand how FXCM can compete with others in this way...
Your charting software is reaaaaaaly good but spreads are not...
Hi slovforex,

The spread is one thing to consider when choosing a forex broker, in addition to execution quality, trading platform, education and resources, customer service, safety of funds, etc. For traders that complete a notional volume of 10 million per month or meet the minimum $50,000 deposit requirement we have the active trader program available to lower the overall transaction cost and it can be setup on Trading Station, MT4, or the Active Trader platform.
  • #2,584
  • Feb 7, 2012 12:43pm Feb 7, 2012 12:43pm
Quoting High.Five
LOL

Any recommendations zam4ever?
Personally, I really afraid to deposit my funds to any Russia-based forex brokers, although they are offering many advantages to traders. So, I don't have any recommendation for it bro.

My selection of brokers either coming from UK (FSA), Australia (ASIC) or Singapore (MAS).

cheers
  • #2,585
  • Feb 7, 2012 12:51pm Feb 7, 2012 12:51pm
Quoting Jason Rogers
For traders that complete a notional volume of 10 million per month or meet the minimum $50,000 deposit requirement we have the active trader program available to lower the overall transaction cost and it can be setup on Trading Station, MT4, or the Active Trader platform.
Dear Mr Jason and slovforex,

Seconded that.

Active Trader is offering better spread than normal standard account. Please be remind that AT is subject to commission charge, $35 per million base currency traded, per side.

cheers
  • #2,586
  • Feb 7, 2012 5:39pm Feb 7, 2012 5:39pm
Quoting High.Five
FXCM Charts + Oanda spreads
why would you chose a dealing desk broker like Oanda over FXCM,
makes no sense
Bulls are stupid Animals!especially when Im short!
  • #2,587
  • Feb 8, 2012 1:29am Feb 8, 2012 1:29am
Quoting roughtrader
why would you chose a dealing desk broker like Oanda over FXCM,
makes no sense
because FXCM spreads would eat all my profit
  • #2,588
  • Feb 8, 2012 1:30am Feb 8, 2012 1:30am
Quoting Jason Rogers
Hi slovforex,

The spread is one thing to consider when choosing a forex broker, in addition to execution quality, trading platform, education and resources, customer service, safety of funds, etc. For traders that complete a notional volume of 10 million per month or meet the minimum $50,000 deposit requirement we have the active trader program available to lower the overall transaction cost and it can be setup on Trading Station, MT4, or the Active Trader platform.
$10 mln turnover per month....hmm...sounds interesting
  • #2,589
  • Feb 8, 2012 1:46am Feb 8, 2012 1:46am
Quoting roughtrader
why would you chose a dealing desk broker like Oanda over FXCM,
makes no sense
Perhaps, FXCM getting fined $2 million for slippage malpractices, would be a good reason?

http://forexmagnates.com/nfa-fines-f...-clients-back/

Plus, the only clients which received any compensation owing to FXCM’s malpractices were US residents. Clients like me, residing elsewhere did not see a single penny.
  • #2,590
  • Feb 8, 2012 1:50am Feb 8, 2012 1:50am
Quoting slovforex
because FXCM spreads would eat all my profit
Very sensible indeed
  • #2,591
  • Feb 8, 2012 2:01am Feb 8, 2012 2:01am
I emailed fxcm about 3 wks ago asking if they had a demo MT4 option.

No response. And here I've been giving hope that they had changed.

  • #2,592
  • Feb 8, 2012 7:21am Feb 8, 2012 7:21am
Quoting High.Five
Very sensible indeed
what about Oandas commission and other fees?
Bulls are stupid Animals!especially when Im short!
  • #2,593
  • Feb 8, 2012 7:22am Feb 8, 2012 7:22am
Quoting tommbstone
I emailed fxcm about 3 wks ago asking if they had a demo MT4 option.

No response. And here I've been giving hope that they had changed.

all you have to do is go to their web page and download ithttp://www.forexfactory.com/images/icons/icon3.gif
Bulls are stupid Animals!especially when Im short!
  • #2,594
  • Feb 8, 2012 12:59pm Feb 8, 2012 12:59pm
Quoting roughtrader
what about Oandas commission and other fees?
This being the FXCM thread, I don't exactly want to promote Oanda here...

...but to be fair, Oanda doesn't charge commission or other fees, and they pay interest on deposits held with them.

Go chat in the Oanda thread for more details.
FXGears.com
  • #2,595
  • Feb 8, 2012 2:13pm Feb 8, 2012 2:13pm
Quoting tommbstone
I emailed fxcm about 3 wks ago asking if they had a demo MT4 option.

No response. And here I've been giving hope that they had changed.

Hi tommbstone,

Our MT4 demo registration works like every other MT4. Simply download MT4 and the demo registration will appear. Here's the link to the download http://www.fxcm.com/media/download/fxcm_lc4setup.exe and let me know if you have any questions.

Jason
  • #2,596
  • Edited 4:25pm Feb 8, 2012 2:15pm | Edited 4:25pm
Coming Soon...Forex Trading Apps
  • #2,597
  • Feb 8, 2012 6:05pm Feb 8, 2012 6:05pm
Quoting Jason Rogers
Coming Soon...Forex Trading Apps
Just sign-up for free trial copy.

cheers
  • #2,598
  • Feb 8, 2012 7:38pm Feb 8, 2012 7:38pm
Quoting Turveyd
Don't scalp, so 2.7pips or even 10pips these days wouldn't bother me, prefer the company I'm dealing with to make good money and stay in business rather than go under and lose all of my money.
You're a real pro Mr Turveydrop. A lesson in deportment to us all.
  • #2,599
  • Feb 8, 2012 7:56pm Feb 8, 2012 7:56pm
Quoting TheGreatMilenko
You're a real pro Mr Turveydrop. A lesson in deportment to us all.
Funny how this 1min master is now telling people not to scalp!

scfx
The best indicator is price.
  • #2,600
  • Feb 8, 2012 9:53pm Feb 8, 2012 9:53pm
Quoting Jason Rogers
Coming Soon...Forex Trading Apps
Very interested what it will be
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