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FXCM MT4 Good/Bad vs IBFX?

  • #81
  • Sep 19, 2014 7:24pm Sep 19, 2014 7:24pm
Quoting hayseed
got my official fxcm login info at 6:17 pm cst......
//-----

had to uninstall the fxcm demo platform first..... then download the platform provided in the email, thanks jason...... the proper servers would not show up with demo still installed....

no balance or open trades seen on fxcm......

it's not to late to copy your ibfx journal records..... just to be safe.....h
to trade and code, keep both simple... no call to impress....h
  • #82
  • Sep 19, 2014 7:52pm Sep 19, 2014 7:52pm
Quoting Profit Daily
{quote} Yes, FXCM is certainly accountable to the rule of the law. The money you guys make breaking it far exceeds your fines. I'm sure FXCM is in some politician's pocket. That is why I keep my funds in my bank and just transfer what is needed to trade, which is 10% of what is required in the US. I'm still only risking 2% per trade. The only way the leverage regulation changes risk is by INCREASING IT by requiring people to have more funds held in an unprotected US broker account. How EXACTLY does FXCM protect my funds?...

I also try to keep only enough in an account to trade with. I had a sizeable amount in an account @ PFG (peregrine financial group) when it went bankrupt as a result of fraud & that firm was a US company fully regulated by the NFA & CFTC. I've received 30% & will be lucky to get 50% of my funds returned :-(

***BTW, FXCM claims we'll get better spreads compared to IBFX. I compared today near the end of the day & the spreads are larger @ FXCM. Not sure how they are during peak hours but will see Monday.
  • #83
  • Sep 19, 2014 7:56pm Sep 19, 2014 7:56pm
Quoting hayseed
{quote} //----- had to uninstall the fxcm demo platform first..... then download the platform provided in the email, thanks jason...... the proper servers would not show up with demo still installed.... no balance or open trades seen on fxcm...... it's not to late to copy your ibfx journal records..... just to be safe.....h
Good tip Hayseed, I'll download and install that...
  • #84
  • Sep 19, 2014 8:09pm Sep 19, 2014 8:09pm
Quoting srt
{quote} I also try to keep only enough in an account to trade with. I had a sizeable amount in an account @ PFG (peregrine financial group) when it went bankrupt as a result of fraud & that firm was a US company fully regulated by the NFA & CFTC. I've received 30% & will be lucky to get 50% of my funds returned :-( ***BTW, FXCM claims we'll get better spreads compared to IBFX. I compared today near the end of the day & the spreads are larger @ FXCM. Not sure how they are during peak hours but will see Monday.
That's the truth about bankruptcy procedure, we would practically be at the bottom of the list to get funds back if at all.

FXCM seems to always be half a pip higher if not more, I looked closely at both the IBFX and FXCM platforms for the last two weeks. For example on IBFX the EURUSD would go below 2 pips from time to time but on FXCM it always seemed to be at 2.5+.

Bottom line no real savings for most folks, IBFX's EURUSD week ending spread 2.0 pips and FXCM's 2.9 pips...
  • #85
  • Sep 19, 2014 11:03pm Sep 19, 2014 11:03pm
Quoting PoundTrader
I HAD A non funded ibfx account so what would i have to do if i wanted to fund it thru FXCM i didnt get the email
//-----

hey pt...... quite a few fxcm reps called me quite a few times over the past week and one mentioned only funded accounts would be transferred..... i had 6 ibfx accounts but left money in one......

fwiw, save your ibfx folders..... esp your history folder...... it appears minutes ago ibfx started shutting down something.... my accounts still log in but can not pull up charts..... this goes for the deleted charts also..... and it does not matter if the platform is logged in or not.....

data with fxcm's download is very limited.......

i had scripts that would download all available ibfx data in one click, and i mean years and years of history..... those scripts are not working with fxcm properly..... the ways we used to download history manually, such as just repeatedly clicking on each hst file or using the left arrow do not work either.....

i am having to import all my history data from my ibfx accounts.....h
to trade and code, keep both simple... no call to impress....h
  • #86
  • Sep 19, 2014 11:58pm Sep 19, 2014 11:58pm
Quoting Profit Daily
{quote} I trade with Forex Broker Inc., I have made withdrawals with no issue, takes 4-5 business days. The only thing trading with a regulated US broker does is limits your income while at the same time INCREASING your risk. Very simple example, I have a $5,000 forex account balance, which I keep in MY BANK here in the US. Just now I decided to risk 2% on GBPAUD trade with a 40 pip stop. I transferred $100 (2%) and left $4,900 in MY BANK. I opened up a trade with .25 standard lots. To do this with A US broker, I would need $1,000 in margin sitting...
Thank you for this information. I am still willing to give them a shot, with a minimal amount of funds. And I agree with you about your point on leverage.
Please check out my blog at https://from-zero-to-hero . net
  • #87
  • Sep 20, 2014 12:16am Sep 20, 2014 12:16am
Quoting hayseed
{quote} //----- had to uninstall the fxcm demo platform first..... then download the platform provided in the email, thanks jason...... the proper servers would not show up with demo still installed.... no balance or open trades seen on fxcm...... it's not to late to copy your ibfx journal records..... just to be safe.....h
yeah me too. i was upset when ibfx all of sudden closed my open positions and at the same time no balance at all in fxcm. will keep an eye until next monday morning
  • #88
  • Sep 20, 2014 6:25am Sep 20, 2014 6:25am
Quoting hayseed
{quote} //----- hey aad..... it's 4:10 pm cst 9/19/14 here..... have not received mine yet either..... but it appears the open trades are gone, probably moved to fxcm..... my ibfx account still shows a balance......h
quick question, about your "gone" open trades, is it shown as closed transactions in your ibfx account?

in mine, it is being shown as closed transactions. basically ibfx automatically close all my open positions when they turned off their server yesterday. so my balance got reduced a little bit because of this reason (and that's why i'm upset). im afraid they will transfer the "reduced" balance and not the full balance with the open positions at fxcm. hope to hear soon from fxcm.

and btw i'm fully aware about "less than 1000 units will be automatically liquidated" bla bla statement from ibfx awhile ago but all of my open trades are far above 1000 units
  • #89
  • Sep 20, 2014 7:20am Sep 20, 2014 7:20am
Quoting rsg10z
quick question, about your "gone" open trades, is it shown as closed transactions in your ibfx account? in mine, it is being shown as closed transactions. basically ibfx automatically close all my open positions when they turned off their server yesterday. so my balance got reduced a little bit because of this reason (and that's why i'm upset).
//----

hey rsg..... mine now show closed as of 4:02 cst..... more likely they were transferred at 4:02 cst...... i placed three, 5 mini lot, trades yesterday just before the close to test the transfer....

on a good note, the charts are now back on the ibfx accounts...... that had me concerned abit.......

backed up each accounts entire folder so i could pull out templates, indicators, ea's, layouts and such later......h
Attached Image (click to enlarge)
Click to Enlarge Name: transfer.png Size: 37 KB
to trade and code, keep both simple... no call to impress....h
  • #90
  • Sep 20, 2014 8:29am Sep 20, 2014 8:29am
ok that sounds like a relief. i thought it was just a technical error for my account but apparently they do this to all accounts.
  • #91
  • Sep 20, 2014 7:33pm Sep 20, 2014 7:33pm
Hey, anyone showing any balance in their account? I probably should be more patient, but it's not in my DNA.

I've sent a note to cust. sup. yesterday, but have not heard anything back yet.
  • #92
  • Sep 20, 2014 7:43pm Sep 20, 2014 7:43pm
Quoting dargane
Hey, anyone showing any balance in their account? I probably should be more patient, but it's not in my DNA. I've sent a note to cust. sup. yesterday, but have not heard anything back yet.
My account showing $0.00 but I expect it showing a balance sunday evening or Monday morning.
I use 2 brokers though so more patience for me :-)
  • #93
  • Sep 21, 2014 3:51am Sep 21, 2014 3:51am
Didn't get my login details yet ....
  • #94
  • Edited 4:26am Sep 21, 2014 4:13am | Edited 4:26am
Quoting srt
{quote} My account showing $0.00 but I expect it showing a balance sunday evening or Monday morning. I use 2 brokers though so more patience for me :-)
On the FXCM MT4 both of my accounts are now showing their balances transferred from IBFX, though the IBFX MT4 also still shows those same balances.

The IBFX home webpage is now a full blown TradeStation page, but the MT4 client login link for access to your statements is still available at the bottom of the IBFX webpage.

How thoughtful of the TradeStation folks...
  • #95
  • Sep 21, 2014 10:33am Sep 21, 2014 10:33am
i can confirm that on my new FXCM account the balance has been transferred. The open positions are also there. However, they reset the TP/SL so apparently have to edit it tomorrow.
  • #96
  • Sep 21, 2014 10:45am Sep 21, 2014 10:45am
They send me the login information to FXCM-USDReal09 server, but I can't see that server on my platform. I have to wait until they open the office in order to give them a call. I think FXCM will be better than IBFX. We'll see.
  • #97
  • Sep 21, 2014 10:49am Sep 21, 2014 10:49am
i like the new raw spreads with commision
  • #98
  • Sep 21, 2014 12:02pm Sep 21, 2014 12:02pm
Quoting malejandrosf
They send me the login information to FXCM-USDReal09 server, but I can't see that server on my platform. I have to wait until they open the office in order to give them a call. I think FXCM will be better than IBFX. We'll see.
What worked for me was to manually type or (cut & paste) "FXCM-USDReal09" in the menu prompt (drop down menu). You can also manually type the data in the "options" menu under server.
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Markets are not efficient, rather they are effective - Jones
  • #99
  • Sep 21, 2014 3:45pm Sep 21, 2014 3:45pm
Quoting srt
***BTW, FXCM claims we'll get better spreads compared to IBFX. I compared today near the end of the day & the spreads are larger @ FXCM. Not sure how they are during peak hours but will see Monday.
Quoting Aad
Bottom line no real savings for most folks, IBFX's EURUSD week ending spread 2.0 pips and FXCM's 2.9 pips...
Hi Everyone,

The spreads you see heading into the closing of the trading week (or right after the opening of the new trading week for that matter) are not typical of what you'll see during peak hours. Now that you're clients of FXCM, you should find the new pricing on your accounts to be very competitive.
  • #100
  • Sep 21, 2014 3:48pm Sep 21, 2014 3:48pm
Quoting tar
Didn't get my login details yet ....
Hi Tar,

We have sent you the login email, but if you have not received it yet, please contact our 24 hour customer support for help in real time to log into your account: http://www.fxcm.com/support/contact-...0000000MusRAAS
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