Alpari US Account Transfer to FXCM US | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Alpari UK Insolvency Does Not Affect Other Alpari Companies 4 replies

Alpari US vs Alpari UK 20 replies

Alpari NZ vs Alpari UK 7 replies

Alpari Direct Pro vs Alpari MT4 Pro 4 replies

Alpari Russia, Alpari UK or MIG??? 5 replies

Alpari US Account Transfer to FXCM US

  • #21
  • Oct 4, 2013 3:18pm Oct 4, 2013 3:18pm
Thank you, Jason. I've gotten everything squared away with FXCM now.

I agree with tobijohn about the daily close at 5 pm eastern time. I usually trade the 4H charts, so the current timing isn't so great. Before Alpari switched their time I was forced to use a demo account from another provider to trade my strategy on my live account. I guess I'll have to do that again until the daily close time is changed.

Thanks again for your help.
  • #22
  • Oct 4, 2013 3:25pm Oct 4, 2013 3:25pm
Quoting riksa
... I usually trade the 4H charts, so the current timing isn't so great. Before Alpari switched their time I was forced to use a demo account from another provider to trade my strategy on my live account. I guess I'll have to do that again until the daily close time is changed. Thanks again for your help.
No you won't. I found an indicator that allows you to alter the server's default GMT offset. I'll post a link later tonight or tomorrow. Or send me a PM with an email address and I'll send it to you directly...
  • #23
  • Oct 7, 2013 1:18pm Oct 7, 2013 1:18pm
Quoting tobijohn
{quote} No you won't. I found an indicator that allows you to alter the server's default GMT offset. I'll post a link later tonight or tomorrow. Or send me a PM with an email address and I'll send it to you directly...
Hi Tobijohn,

That sounds interesting. Could you send me that link as well or post it here?

Thanks,
Jason
  • #24
  • Oct 7, 2013 7:45pm Oct 7, 2013 7:45pm
Quoting Jason Rogers
{quote} Hi Tobijohn, That sounds interesting. Could you send me that link as well or post it here? Thanks, Jason
PM sent
  • #25
  • Edited Oct 23, 2013 10:41am Oct 22, 2013 9:07pm | Edited Oct 23, 2013 10:41am
Quoting tobijohn
Is there a way to handle the different GMT offsets that Alpari and FXCM use? Alpari had the new trading day beginning at 5pm EST(which makes sense) and FXCM has it starting at 8pm EST. I use 4 and 8 hour bar charts and this really screws things up. The Daily closes other than Friday are also now different. It's my understanding that the Forex industry considers 5pm EST as the close of the NY market. With the FXCM GMT offset, that is now pushed forward to 8pm (except on Friday). How can I get my charts in FXCM's MT4 to recognize the Alpari GMT offset...
Quoting riksa
I agree with tobijohn about the daily close at 5 pm eastern time. I usually trade the 4H charts, so the current timing isn't so great.
Hi guys,

We just added a new MT4 indicator on FXCMapps.com called Daily Candles in EST.

http://www.fxcmapps.com/wp-content/u...les-in-EST.jpg

This indicator converts a regular offline MT4 chart, so that the daily candles begin and end at 5pm New York time. That results in charts with five daily candles per week, each 24 hours in length. The charts created with this indicator update prices in real time and support additional indicators. Indicators added to these charts use Daily Candles in EST as their source data.

Jason
  • #26
  • Oct 23, 2013 6:19pm Oct 23, 2013 6:19pm
Thanks Jason but I have a couple questions:

How do you remove the instructions from the one hour chart the indicator is applied to? They pretty much take up the top left of the hourly chart.

Any way to generate a weekly chart?
  • #27
  • Oct 24, 2013 4:57pm Oct 24, 2013 4:57pm
Quoting tobijohn
THow do you remove the instructions from the one hour chart the indicator is applied to? They pretty much take up the top left of the hourly chart.
Right click on your chart, go to objects list, click on a line of text and click edit. From here you have two options.

1. Change the color to match the background of the chart


http://img854.imageshack.us/img854/7792/y1wu.png



2. Change the settings, so the text won't appear on an hourly chart


http://img706.imageshack.us/img706/4752/2yl2.png



Quoting tobijohn
Any way to generate a weekly chart?
This app is only for daily charts, but there's no need for you to modify the times on our weekly charts. That's because they already begin at 5 PM New York time on Sunday and end at 5 PM New York time on Friday.
  • #28
  • Oct 27, 2013 8:02pm Oct 27, 2013 8:02pm
Thanks!
  • #29
  • Oct 28, 2013 3:01pm Oct 28, 2013 3:01pm
Glad to see Alpari is going to be no longer here in U.S. They operated very poorly and unethically. Saying that the N.F.A has made it official. Fxcm now has a monopoly over the United States. This is very bad news for us U.S clients who we now have no competition between their brokers.
  • #30
  • Oct 31, 2013 4:02pm Oct 31, 2013 4:02pm
Quoting tobijohn
Thanks!
Hi Tobijohn,

I just wanted to give a heads up to you and anyone else who downloaded the New York Close custom indicator for MT4 from FXCMapps.com prior to today. We just released a new version of the custom indicator that will automatically adjust for the end of Daylight Savings Time in the US which occurs this weekend. Please use this link to download the latest version of New York Close.

http://www.fxcmapps.com/wp-content/u...les-in-EST.jpg


For those of you who use MT4 but haven't tried the New York Close, this indicator converts a regular offline MT4 chart, so that the daily candles begin and end at 5pm New York time. That results in charts with five daily candles per week, each 24 hours in length. The charts created with this indicator update prices in real time and support additional indicators. Indicators added to these charts use New York Close as their source data.

Jason
  • #31
  • Feb 18, 2014 9:18am Feb 18, 2014 9:18am
Quoting Jason Rogers
{quote} It's important when comparing spreads between brokers to keep in mind what execution model is being used. For example, FXCM offers clients the choice between two types of forex execution: No Dealing Desk (NDD) and Dealing Desk. While we believe that NDD execution provides the best all-around trading experience, we also offer dealing desk execution as an option for traders whose primary concern is low spreads. {image} Above is a snapshot I just took of the live spreads table here on Forex Factory showing brokers regulated in the US. As you...
First, spreads are very important. Since I wrote my initial comment last year, I calculated the savings I've made by trading with fipfx.com at 1.2 pips ( which rarely changes period) on EUR/USD versus the normal 1.8-2 pips at FXCM at over $11,000 in 4 months! ( i.e I trade 7 standard lots about 3 times a day )

Did I mention that made me profitable? Yea... spreads are important Jason.

I see no reason to be very concerned about my funds being lost. Since I live in the US , obviously I won't be trading overseas anyways, and being a public company doesn't necessarily mean anything good either, but it does mean you have many different interests in your board room, some of which surely do not share any interest in the success of your customers.

Nothing personal, but customers entrust that money with your company primarily because they have no other choice! 10 years ago there were twice as many forex brokers to choose from, just because US traders have little competition for their business currently doesnt mean FXCM has done anything exceptional to gain those customers, except in buying up their competitors and have competitors leave the US marketplace all together.

So months later, I am happy with trading at fipfx.com because they are reliable, low priced, and of course NFA members. Don't see anything negative on their record, but seems since I wrote my comment last fall, FXCM has had 4 MORE arbitration cases! Your legal team must be very busy Jason, good for them.

In the interim , I will continue to trade the forex market like anyone else, but at a third less cost to do it. Cheers fipfx.
  • #32
  • Feb 24, 2014 1:20pm Feb 24, 2014 1:20pm
Quoting bsinclair
Did I mention that made me profitable? Yea... spreads are important Jason.
First, congratulations on your profitable trading! I agree with you that spreads are important. I also agree with your point about the importance of taking other factors into account when choosing a broker.


Quoting bsinclair
Faith trader , if you are brand new to FX and you plan on opening a mini account, which I presume means a smaller balance, the last thing you should be concerned with are your spreads. Given you are trading with an RFED in the US, your spreads will be relatively the same , and since the monetary value of the pips will be negligible due to the size of your trades, I would definitely focus on getting solid service and support for your learning curve. Spreads won't matter if you can not get all the help you can get in learning how to trade fx.
At FXCM, our goal is to provide competitive pricing, good customer support and value added services sought by our clients such as education and research. These are reasons why the amount of client funds that traders have entrusted us has increased to $1.264 billion since my last post to you.


Quoting bsinclair
10 years ago there were twice as many forex brokers to choose from
Another great point! We've seen inadequately capitalized firms have to leave the US, and some even go bankrupt after previously touting their razor thin spreads. FXCM believes in making our financials transparent so that clients and potential traders know about our performance and health as a company. We strongly believe all traders should be asking their brokers some pivotal questions regarding their financial stability:

  1. What were your revenues?
  2. How profitable is your firm?
  3. Do you have a top-tier third party accounting firm auditing your financials?


Quoting bsinclair
I trade 7 standard lots about 3 times a day
I'm glad to hear you're happy with your current broker, but you might be interested to know that your trading volume would qualify you for FXCM's Active Trading pricing. Active Trader accounts have a spread plus commission pricing structure.

http://imageshack.com/a/img689/2182/u36v.png


The pricing structure is designed to reward those who trade large amounts of currency at FXCM by having commission fees reduce as trading volumes rise. For details, you can email [email protected]
  • #33
  • Feb 25, 2014 1:52am Feb 25, 2014 1:52am
Sorry but FXCM bought Alpari or this is an intergration between two big broker?
  • #34
  • Last Post: Feb 25, 2014 6:28pm Feb 25, 2014 6:28pm
Quoting undergroundz
Sorry but FXCM bought Alpari or this is an intergration between two big broker?
Hi Undergroundz, on September 27th of last year, FXCM acquired Alpari's US accounts: http://forexmagnates.com/fxcm-adopts...rom-alpari-us/
0 traders viewing now