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FXCM Discussion

  • #4,221
  • Jan 23, 2014 2:03pm Jan 23, 2014 2:03pm
Quoting tk5
hey Jason any chance for fxcm uk to add cTrader as platform, humankind loves it. should I start a petition on this issue-)
I haven't seen that platform, but tradingview.com has very nice charting tools. I'd love to have those tools in marketscope.
  • #4,222
  • Jan 23, 2014 8:55pm Jan 23, 2014 8:55pm
“It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you'll do things differently.” Warren Buffett

Look like one time in life he was wrong.

http://online.wsj.com/news/articles/...09022573405548

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

I just wonder about those trader who still trade with FXCM. Good luck to all with NO DEALING DESK... b.u.ll.s.h.i.t
Once scalper always scalper
  • #4,223
  • Jan 23, 2014 9:00pm Jan 23, 2014 9:00pm
Quoting Jason Rogers
{quote} Hi Card, Active Trader accounts with FXCM Markets can earn interest on non-invested margin up to $50,000. As mentioned, by Fx-trader777, while there is no upper limit on the account balance, the 5% interest will only apply to the first 50k. Also, as mentioned by Zzmbrm, residents of countries where FXCM is regulated must open their trading account with their locally-regulated FXCM entity. For example, residents of the US, the UK and Australia must open their FXCM accounts with FXCM US, FXCM UK and FXCM Australia...

Thanks Jason. Is there a bank guarantee program that you guys offer? After the MF Global fiasco, I've definitely become more concerned with this. I came pretty close to opening an account with them.
  • #4,224
  • Jan 24, 2014 2:03am Jan 24, 2014 2:03am
Quoting freemen
“It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you'll do things differently.” Warren Buffett Look like one time in life he was wrong. http://online.wsj.com/news/articles/...09022573405548 http://forexmagnates.com/nfa-fines-f...-clients-back/ I just wonder about those trader who still trade with FXCM. Good luck to all with NO DEALING...


  • #4,225
  • Jan 24, 2014 8:11am Jan 24, 2014 8:11am
Quoting jsr
I know this issues have been fixed, but still, I see sometimes there is no evidence of gaps in some instruments, which are there in MT4 demo accounts.
Hi Jsr,

Can you give an example of where you see "no evidence of gaps in some instruments, which are there in MT4 demo accounts" ? I want to make sure that I understand the exact problem you are describing, so I can ask our tech specialists to investigate it for you.

Quoting jsr
Now, this morning I exported to Excel data from a monthly XAUUSD chart to create a yearly chart, and I was shocked to find out that only since 2009 data is complete.
We didn't offer gold (XAU/USD) for trading prior to 2009, so any price data prior to that would have to be purchased from a 3rd party provider. I can pass your feedback onto our developers to let them know there is demand for more historical data to be added to our gold charts.

Thanks,
Jason
  • #4,226
  • Jan 24, 2014 8:29am Jan 24, 2014 8:29am
Quoting tk5
hey Jason any chance for fxcm uk to add cTrader as platform, humankind loves it. should I start a petition on this issue-)
Hi Tk5,

We're always open to new platforms. However, since there's a cost both in time and money associated with linking to any new software, we have to make sure there is sufficient interest from traders. Was there a particular feature that attracted you to cTrader that you couldn't find in the current platform options for FXCM clients?

Thanks,
Jason
  • #4,227
  • Jan 24, 2014 8:58am Jan 24, 2014 8:58am
Quoting Jason Rogers
{quote} Hi Tk5, We're always open to new platforms. However, since there's a cost both in time and money associated with linking to any new software, we have to make sure there is sufficient interest from traders. Was there a particular feature that attracted you to cTrader that you couldn't find in the current platform options for FXCM clients? Thanks, Jason
Also a question about FXCM platforms, do you support Multicharts? I don't see it listed on FXCM but have heard that you do.

Cheers.
  • #4,228
  • Edited 3:22pm Jan 24, 2014 9:03am | Edited 3:22pm
Quoting freemen
I just wonder about those trader who still trade with FXCM.
Hi Freemen,

The NFA action you mentioned from 2011 had to do with positive slippage not being passed on in full when transactions were offset with liquidity providers prior to 2010, when FXCM made enhancements to our platform to pass on all positive slippage.

http://img232.imageshack.us/img232/2...ppagestats.jpg


Since 2010, FXCM clients have received positive slippage whenever it's available even while some forex brokers do not offer this till today, and instead use practices such as re-quotes to the disadvantage of their traders. There are no re-quotes or dealer intervention when trading with FXCM. Your orders are filled dependent on liquidity and can experience positive or negative slippage. Unfortunately for traders that do get re-quotes, their broker is more than happy to fill them at the price they request when the market is moving against them, but re-quotes them with a worse price when the market moves in their favor.

Have you ever experienced a re-quote in your favor for a better price or received positive slippage on a limit when spread betting? With FXCM, our traders get no re-quotes and benefit from positive slippage. We even teach our clients techniques to help our them maximize positive slippage and minimize negative slippage.
  • #4,229
  • Jan 24, 2014 9:06am Jan 24, 2014 9:06am
Quoting Jason Rogers
{quote} Hi Jsr, Can you give an example of where you see "no evidence of gaps in some instruments, which are there in MT4 demo accounts" ? I want to make sure that I understand the exact problem you are describing, so I can ask our tech specialists to investigate it for you. {quote} We didn't offer gold (XAU/USD) for trading prior to 2009, so any price data prior to that would have to be purchased from a 3rd party provider. I can pass your feedback onto our developers to let them know there is demand for more historical data to be added to our gold...
Quote
Can you give an example of where you see "no evidence of gaps in some instruments, which are there in MT4 demo accounts" ?

Please, see this post:
http://www.forexfactory.com/showthre...64#post7197664

Quote
We didn't offer gold (XAU/USD) for trading prior to 2009, so any price data prior to that would have to be purchased from a 3rd party provider. I can pass your feedback onto our developers to let them know there is demand for more historical data to be added to our gold charts.

I understand. This is data you've purchased.

Now, is it provided to FXCM "as is" or can you ask your providers for updated and corrected data. I can't understand why they skipped several months per year in their data.

Again, thanks for your reply. I know you are doing your best . Please ask the developers if they can find any solution to this with your providers.
  • #4,230
  • Jan 24, 2014 9:09am Jan 24, 2014 9:09am
Quoting mitch77
Also a question about FXCM platforms, do you support Multicharts?
Hi Mitch,

Yes, they are a registered service provider with us, which means you can get MCFX Pro for free.
  • #4,231
  • Jan 24, 2014 9:21am Jan 24, 2014 9:21am
Quoting jsr
Please, see this post: http://www.forexfactory.com/showthre...64#post7197664
I thought that might have been what you were referring to when you mentioned gaps. As I mentioned in my response to your previous post, this is currently a tech limitation with the Marketscope charts. They were originally designed exclusively for the 24-hour-a-day forex market which has no interday gaps during the week. Our developers are looking to address this limitation so that interday gaps on CFDs are reflected on the charts as they are on MT4, but I don't have a specific date yet on when this update will occur. I'll keep you posted when I receive more information.

Quoting jsr
Now, is it provided to FXCM "as is" or can you ask your providers for updated and corrected data. I can't understand why they skipped several months per year in their data. Again, thanks for your reply. I know you are doing your best . Please ask the developers if they can find any solution to this with your providers.

Thanks for bringing this to our attention. I've asked our developers to follow up with the data providers regarding the gaps you identified in the historical data for gold.
  • #4,232
  • Jan 24, 2014 1:08pm Jan 24, 2014 1:08pm
Quoting Jason Rogers
{quote} I thought that might have been what you were referring to when you mentioned gaps. As I mentioned in my response to your previous post, this is currently a tech limitation with the Marketscope charts. They were originally designed exclusively for the 24-hour-a-day forex market which has no interday gaps during the week. Our developers are looking to address this limitation so that interday gaps on CFDs are reflected on the charts as they are on MT4, but I don't have...

Jason, thanks for your reply.

I'm really sorry. I didn''t see your previous response about gaps.

Agains, thanks a lot.
  • #4,233
  • Jan 24, 2014 1:31pm Jan 24, 2014 1:31pm
Quoting jsr
{quote} Jason, thanks for your reply. I'm really sorry. I didn''t see your previous response about gaps. Agains, thanks a lot.
Please don't apologize. Your feedback is helping us to improve our charts. Thanks again
  • #4,234
  • Jan 26, 2014 6:35am Jan 26, 2014 6:35am
Hi Jason.

Has FXCM any plans to add Bitcoin trading or deposit/withdrawal?

I withdrawn all my money from my (pretty big) FXCM account to trade bitcoins. But I would also like to trade EUR/CHF if possible. So I looked into Plus500 and AvaTrade, which have both Forex and Bitcoin CFDs. But ForexPeaceArmy reviews indicate that they scam you. So now I'm looking into eToro, which also has Bitcoin CFDs. If they seem legit enough, I will open a (big) account there.

I would love if FXCM would offer Bitcoin CFDs, or at least Bitcoin deposit/withdrawl methods. But I'm not holding my breath on the later, since it seems to fail short of standard AML methods (you can't know for sure if the sender/receiver of bitcoins is really the owner of the account).

You could start with just offering buying (and then closing) only, with no leverage. So no shorting in the first phase. This way FXCM would not carry any risk or have to borrow bitcoins for shorting.

So please bubble up that there is interest in bitcoin (real or CFDs) trading on FXCM.
  • #4,235
  • Jan 26, 2014 7:42am Jan 26, 2014 7:42am
Was just upgraded to Active Trader on FXCM.
  • #4,236
  • Jan 27, 2014 10:33am Jan 27, 2014 10:33am
Quoting card
{quote} Thanks Jason. Is there a bank guarantee program that you guys offer? After the MF Global fiasco, I've definitely become more concerned with this. I came pretty close to opening an account with them.
Hi Card,

FXCM clients with at least $500,000 in equity can request a custodial trust account in their name at Bank of America. Funds in such an account are FDIC insured.

Jason
  • #4,237
  • Jan 27, 2014 10:46am Jan 27, 2014 10:46am
Quoting Adal
Hi Jason. Has FXCM any plans to add Bitcoin trading or deposit/withdrawal? I withdrawn all my money from my (pretty big) FXCM account to trade bitcoins. But I would also like to trade EUR/CHF if possible. So I looked into Plus500 and AvaTrade, which have both Forex and Bitcoin CFDs. But ForexPeaceArmy reviews indicate that they scam you. So now I'm looking into eToro, which also has Bitcoin CFDs. If they seem legit enough, I will open a (big) account there. I would love if FXCM would offer Bitcoin CFDs, or at least Bitcoin deposit/withdrawl methods....
Hi Adal,

Thanks for telling me about your interest in trading or funding with Bitcoin. As you mentioned however, there are still concerns regarding AML when it comes to Bitcoin, so at least for the time being, there are no plans to offer it on our platform. I will keep you posted on this forum thread should that change.

Jason
  • #4,238
  • Jan 27, 2014 10:52am Jan 27, 2014 10:52am
Quoting Rizmeister
Was just upgraded to Active Trader on FXCM.
It's great to have you as a client, Rizmeister
  • #4,239
  • Jan 28, 2014 4:08am Jan 28, 2014 4:08am
Hi guys,

I will be speaking with the Trade audits team will inform everyone of what happens.
  • #4,240
  • Jan 28, 2014 4:26am Jan 28, 2014 4:26am
Quoting card
{quote} Thanks Jason. Is there a bank guarantee program that you guys offer? After the MF Global fiasco, I've definitely become more concerned with this. I came pretty close to opening an account with them.
Hi Jason,

I would appreciate if you would kindly answer this question? I am interested as well before i can fund my account...
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