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FXCM Discussion

  • #3,401
  • Mar 4, 2013 9:19am Mar 4, 2013 9:19am
Fxcm is bullshit dont ever do bussiness. With this suck broker better stay away from this broker
  • #3,402
  • Edited 11:18am Mar 4, 2013 10:22am | Edited 11:18am
Quoting Big1red9
Issue still present, chart loading is very slow.
Quoting Big1red9
Worse. 2 hours into it and 2 charts still not loaded. I closed it.
Quoting Big1red9
Issue is on NinjaTrader... Been a Strategy Trader user and trying to switch.
Sorry about this. The update to the Ninja Trader price servers that was planned for this past weekend has been postponed. Apparently the software developers wanted to hold off until some other changes could be added. I will let you know when the Ninja Trader update goes through. In the meantime, did you try the temporary fix I suggested earlier? You should be able to load the Ninja Trader charts faster by limiting the bars to 500.
  • #3,403
  • Edited 12:30pm Mar 4, 2013 11:15am | Edited 12:30pm
Quoting Jamz
Hi Jason,

I have several currencies displayed as Simple Dealing rates in my trading station. Twice now the spreads have suddenly shot up to 8 or 9 growing as I watch, last Friday as the GBP/USD sold down the spread went to 13...the GBP/JPY as well. I have dealing desk and normally these spreads are below 2. Thankfully, they adjust down again in a short time but should this be happening here? I will be doing a copy and paste for next time.....

James.
Quoting Kanzler
Friday evenings liquidity is dying off as the major banks brokers work with close for the weekend and on Sunday evening the same story as they slowly come back for the work week. When large orders are placed that liquidity is strained and so the spread shoots up. Anybody feel free to correct me if I'm wrong, but that's what I've come to understand.
Hi James,

Mostly likely what you're seeing here is as Kanzler describes. In the early hours of trading on Sunday evening, liquidity is still relatively low. That is also the case towards the end of trading on Friday. In regards to our dealing desk spreads, they will always be exactly 1 pip lower than our No Dealing Desk spreads for the most popular currency pairs at any given moment in time.

Standard Spreads (No Dealing Desk)
http://img3.imageshack.us/img3/6146/...september1.png

Lower Spreads (Dealing Desk)
http://img15.imageshack.us/img15/723...eptember12.png


That's because we use the NDD price feed as a base to derive prices and execute orders and simply reduce our markup by 1 pip. That means if the spreads widen to 14 pips on NDD, they will widen to 13 pips on DD at the exact same time. Let me know if you have any further questions on this.

Jason
  • #3,404
  • Mar 4, 2013 12:17pm Mar 4, 2013 12:17pm
Quoting agshue
Fxcm is bullshit dont ever do bussiness. With this suck broker better stay away from this broker
Don't blame the broker for your crap trading!
  • #3,405
  • Mar 4, 2013 1:06pm Mar 4, 2013 1:06pm
Quoting Jason Rogers
Sorry about this. The update to the Ninja Trader price servers that was planned for this past weekend has been postponed. Apparently the software developers wanted to hold off until some other changes could be added. I will let you know when the Ninja Trader update goes through. In the meantime, did you try the temporary fix I suggested earlier? You should be able to load the Ninja Trader charts faster by limiting the bars to 500.
For me that won't work... I trade 1 pip range bars.. that would only be a couple of minutes.

btw the data issue on ST seems to have gone away. So I am good for the time being.
  • #3,406
  • Mar 4, 2013 1:36pm Mar 4, 2013 1:36pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Jason Rogers
Hi James,

Mostly likely what you're seeing here is as Kanzler describes. In the early hours of trading on Sunday evening, liquidity is still relatively low. That is also the case towards the end of trading on Friday. In regards to our dealing desk spreads, they will always be exactly 1 pip lower than our No Dealing Desk spreads for the most popular currency pairs at any given moment in time.

[center]Standard Spreads (No Dealing Desk)
http://img3.imageshack.us/img3/6146/...september1.png

[url="http://bit.ly/PJcbdF"][b]Lower...
Thanks Jason, but just to say it wasn't the close of the market when this occurred but one hour after London opened when news drove price down.
  • #3,407
  • Mar 4, 2013 7:24pm Mar 4, 2013 7:24pm
Quoting mitch77
Don't blame the broker for your crap trading!
Are u work for them ? They say trade gold with no requote but they change it with delay when u have profit trade n try to close it they will delay until the trade loss or your trade have very little profit
  • #3,408
  • Mar 5, 2013 1:11am Mar 5, 2013 1:11am
Any idea what would cause the error "Operation impossible. Position already closed on MT4 side."? This occurs when I try to remove a limit order through Trade Station II over an MT4 demo account. From what I can tell there's no way to remove the order, but I'm not sure if it actually exists anymore or not.
  • #3,409
  • Mar 5, 2013 10:22am Mar 5, 2013 10:22am
Why have the spreads on Yen pairs been higher than before during recent majors news releases? Spreads at my GFT and Armada Markets account have been as normal. Is this just temporary or is it a reflection of current instability in the financial markets? I guess nobody is willing to absorb any risk anymore. Thanx.
  • #3,410
  • Mar 5, 2013 10:31am Mar 5, 2013 10:31am
Hi All
I am currently ready to start trading forex. I am willing to invest 1000 euro.
I was hoping someone would give me advise as to which broker i should use.
I am living in the EU.
Part of my Plan for trading will involve trading from my mobile Phone during work days?
So i Was also hoping someone would give me advise as to which phone in the market is best
suited for Trading Forex.
Any help will be gratefully appreciated.
thanks hoops
  • #3,411
  • Mar 5, 2013 1:55pm Mar 5, 2013 1:55pm
Quoting Kanzler
Any idea what would cause the error "Operation impossible. Position already closed on MT4 side."? This occurs when I try to remove a limit order through Trade Station II over an MT4 demo account. From what I can tell there's no way to remove the order, but I'm not sure if it actually exists anymore or not.
Hi Kanzler,

My techs would like to take a look at your demo account to see why you're getting that error. Please send me a private message with your demo login details, and I'll have them investigate it.

Jason
  • #3,412
  • Mar 5, 2013 2:03pm Mar 5, 2013 2:03pm
Quoting Jason Rogers
Hi Kanzler,

My techs would like to take a look at your demo account to see why you're getting that error. Please send me a private message with your demo login details, and I'll have them investigate it.

Jason
Jason,

Will do. The issue seems to have resolved while I was asleep but perhaps the techs can go through the server logs and take a look anyway. Thanks,

Kanzler
  • #3,413
  • Edited 2:19pm Mar 5, 2013 2:06pm | Edited 2:19pm
Quoting TuttiDFrutti
Why have the spreads on Yen pairs been higher than before during recent majors news releases? Spreads at my GFT and Armada Markets account have been as normal. Is this just temporary or is it a reflection of current instability in the financial markets? I guess nobody is willing to absorb any risk anymore. Thanx.
Hi TuttiDFrutti,

You've hit the nail on the head in mentioning risk. Yen pairs have been particularly volatile of late. That means more risk for banks in quoting prices. A wider spread is their way of compensating for that greater risk. On our No Dealing Desk forex execution, we simply pass on the best prices we receive from our liquidity providers and add a fixed pip markup for our own profit. That means when our liquidity providers widen their spreads, you will see our spreads widen likewise. That could be why you have noticed wider spreads for JPY pairs during recent major news releases.

A broker that does not widen their spreads when liquidity providers widen theirs has to take the market risk on themselves. This can lead to potential conflicts of interest where the broker has to decide between either taking a loss themselves or requoting their clients. FXCM avoids this conflict by using our NDD price feed and immediately offsetting our client orders based on the best prices we can get from liquidity providers.

Jason
  • #3,414
  • Mar 5, 2013 2:44pm Mar 5, 2013 2:44pm
Quoting hoops888
Hi All
I am currently ready to start trading forex. I am willing to invest 1000 euro.
I was hoping someone would give me advise as to which broker i should use.
I am living in the EU.
Part of my Plan for trading will involve trading from my mobile Phone during work days?
So i Was also hoping someone would give me advise as to which phone in the market is best
suited for Trading Forex.
Any help will be gratefully appreciated.
thanks hoops
Hi Hoops,

Welcome to the FXCM Discussion thread While I can't recommend a specific phone to you, any Android or iPhone will allow you to use our Trading Station Mobile platform.

Also, I noticed from your forum profile that you live in Ireland. Were you aware that Irish residents can open a spread betting account and trade tax free? Your capital is at risk when trading forex and CFDs.

Jason
  • #3,415
  • Mar 6, 2013 1:46pm Mar 6, 2013 1:46pm
Quoting agshue
Are u work for them ? They say trade gold with no requote but they change it with delay when u have profit trade n try to close it they will delay until the trade loss or your trade have very little profit
I have heard this from other people too. Very sneaky tactics.
  • #3,416
  • Mar 7, 2013 8:22am Mar 7, 2013 8:22am
Quoting slc12312
I have heard this from other people too. Very sneaky tactics.
There are no requotes on our platform. If you know of someone who believes they experienced delays or other tech issues on a trade, I encourage them to log a case with the Trade Audit Committee for review. If there was an error on our part, we will make the appropriate correction to their account.
  • #3,417
  • Mar 7, 2013 9:45am Mar 7, 2013 9:45am
Hey Jason, yes I had a hard time getting out of my trades last night around 3am (EST) it said there was a error. So I rebooted and when I logged back in I had some partial exits. Never had this happen. Also I am trying out a level2 real account and I had a 10 pip slippage, which sucked. I thought level 2 would be better then my LAMM account but being web based, I just hate it and then the slippage. I am in the process of transferring that account over into my LAMM account.
  • #3,418
  • Mar 8, 2013 9:23am Mar 8, 2013 9:23am
Quoting MeInGraySuit
Hey Jason, yes I had a hard time getting out of my trades last night around 3am (EST) it said there was a error. So I rebooted and when I logged back in I had some partial exits. Never had this happen. Also I am trying out a level2 real account and I had a 10 pip slippage, which sucked. I thought level 2 would be better then my LAMM account but being web based, I just hate it and then the slippage. I am in the process of transferring that account over into my LAMM account.
Hi MeInGraySuit,

Thanks for providing these additional details. I encourage you to log a case with the Trade Audit Committee, so they can investigate what happened. And please shoot me a private message after you've logged the case, so I can follow up as well. In regards to the level 2 platform, it uses Adobe Flash to run through your web browser. If you find that our Trading Station Desktop platform has faster performance on your computer, then I would stick to that.

Regarding the slippage you encountered, are you familiar with how to use our Trading Station's Market Range feature to minimize negative slippage, while still receiving the benefits of positive slippage?

When trading with market orders, FXCM recommends setting the order type to "market range" on our Trading Station platform to avoid potentially receiving negative slippage. A market range order type allows you to control the amount of slippage your order can receive when it executes allowing for price certainty (see image below).

http://www.fxcm.com/assets/img/pages...rket-order.jpg


A market range of "X" pips assures that all or part of your order will be filled within a "X" pip range of the current market price ("X" pips above or "X" pips below) if liquidity is available.

Jason
  • #3,419
  • Mar 11, 2013 4:46pm Mar 11, 2013 4:46pm
Hi,
I have a demo MT4 account with FXCM but when I generate a report it is in GBP and I need it in USD.
The server is FXCM-GBPDemo01. If I try to login in with the USDDemo01 it just peeps, disconnects.
What am I doing wrong?
Thanks
J
  • #3,420
  • Mar 12, 2013 7:51am Mar 12, 2013 7:51am
Dear FXCM

I want to open a micro account and deposit money via debit card. Can I withdraw my deposit via debit card , or do I need to use bank account ?
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