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FXCM MT4 Good/Bad vs IBFX?

  • #121
  • Sep 21, 2014 7:16pm Sep 21, 2014 7:16pm
Quoting Jason Rogers
{quote} Hi Spzd, Since your account was recently transferred from IBFX, you are one of our first clients to benefit from our new pricing. In fact, we just updated our US website this weekend to reflect this new pricing: http://www.fxcm.com/advantages/sprea...0000000MusRAAS The Bid and Ask prices you see in your Market Watch window are the prices available to you for trading. However, MT4 servers can only show one price feed at a time. Since the majority of our clients are still on our old pricing, we have not...
I have not seen these spreads yet, and I've been an FXCM client for several months. Are these only for $50K + clients?
Fireworks are fun ... as long as you don't blow your fingers off.
  • #122
  • Sep 21, 2014 7:32pm Sep 21, 2014 7:32pm
Quoting ZebraSquirl
{quote} I have not seen these spreads yet, and I've been an FXCM client for several months. Are these only for $50K + clients?

I'm not seeing those spreads either but on the website there's a message "For new clients and existing clients your account will only be subject to the new commission after FXCM has notified you as such." so maybe we just need to wait for the notification or maybe we need a larger account. I'll get a larger account if that's what it takes to get those spreads. I'll become a scalping freak :-)
  • #123
  • Sep 21, 2014 7:49pm Sep 21, 2014 7:49pm
Quoting ZebraSquirl
{quote} I have not seen these spreads yet, and I've been an FXCM client for several months. Are these only for $50K + clients?
Just a picky little thing: I am currently looking at Asian session spreads and they're not even close to what's posted and what is streaming live on FXCM's informational page: http://www.fxcm.com/advantages/spreads-commissions/. At 20:33 ET, the spread for EUR/USD is 2.5, USD/JPY 2.4, GBP/USD 2.9. In other words, they are not even close to the sub 1.0 pip spread being advertised. So, is there an ETA on a rollout? ... . I don't see one on the site beyond a statement to the effect that "[f]or new ... and existing clients your account will only be subject to the new commission after FXCM has notified you as such."

Thanks tons .... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #124
  • Sep 21, 2014 7:52pm Sep 21, 2014 7:52pm
Quoting srt
{quote} I'm not seeing those spreads either but on the website there's a message "For new clients and existing clients your account will only be subject to the new commission after FXCM has notified you as such." so maybe we just need to wait for the notification or maybe we need a larger account. I'll get a larger account if that's what it takes to get those spreads. I'll become a scalping freak :-)
... thought I was going bonkers ... . Was feeling sorely left out for a second ... . Probably just a rollout issue (assuming that you don't need a large account for these spreads, but I don't see anything like that on the FXCM site).
Fireworks are fun ... as long as you don't blow your fingers off.
  • #125
  • Sep 21, 2014 7:59pm Sep 21, 2014 7:59pm
Quoting ZebraSquirl
{quote} ... thought I was going bonkers ... . Was feeling sorely left out for a second ... . Probably just a rollout issue (assuming that you don't need a large account for these spreads, but I don't see anything like that on the FXCM site).
I just noticed I'm receiving the lower spreads on the "market watch" list as Jason mentioned. The spreads on the chart are not showing it but my spread indicator is so looks good. Even with the small commission added, it's a good spread.
  • #126
  • Sep 21, 2014 8:03pm Sep 21, 2014 8:03pm
Quoting ZebraSquirl
{quote} Just a picky little thing: I am currently looking at Asian session spreads and they're not even close to what's posted and what is streaming live on FXCM's informational page: http://www.fxcm.com/advantages/spreads-commissions/. At 20:33 ET, the spread for EUR/USD is 2.5, USD/JPY 2.4, GBP/USD 2.9. In other words, they are not even close to the sub 1.0 pip spread being advertised. So, is there an ETA on a rollout? ... . I don't see one on the site beyond a statement to the effect that "[f]or new ... and existing clients your account...
We also need to keep in mind that the spreads are lower, but there is also a trade size-based commission tacked on. I haven't looked very hard at the commission schedule in dollar and cents terms, but a little quick math makes it look cheaper than the previous set-up.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #127
  • Sep 21, 2014 8:04pm Sep 21, 2014 8:04pm
Quoting srt
{quote} I just noticed I'm receiving the lower spreads on the "market watch" list as Jason mentioned. The spreads on the chart are not showing it but my spread indicator is so looks good. Even with the small commission added, it's a good spread.
... fantastic ... Yeah, a "weenie" commission ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #128
  • Sep 21, 2014 8:51pm Sep 21, 2014 8:51pm
maybe a bit off topic, just want to warn others who are new to forex trading to avoid iforex and xforex. they have a very sweet talk ads but once your are in, you wont be able to withdraw your money. lost significant amount from them.
  • #129
  • Sep 21, 2014 9:27pm Sep 21, 2014 9:27pm
From what I have seen so far, I am -- to my surprise -- really liking what I see from FXCM. The #1 thing that I like is the increased number of pairs you can trade. Many exotics are offered... at least compared to IBFX. I haven't checked spreads yet, but IBFX was never great either, so it doesn't matter much imo unless we were talking about 0.1 pips vis 2.0 pips then it would be a noticeable difference, but 2.0 vs 2.5 or even 3.0 whatever, I don't care about.

If I had one suggestion for FXCM, however, it would be to add access to METALS, COMMODITIES, and INDICES.
Please check out my blog at https://from-zero-to-hero . net
  • #130
  • Sep 21, 2014 11:06pm Sep 21, 2014 11:06pm
Quoting mzvega
{quote} 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. {image} {image}
Thanks mzvega! I tried that but didn't work, actually I had to delete the configuration folder and reinstall the metatrader 4, and finally worked out, it took me about one hours chatting with costumer service until finally, I got it fixed.
Thanks anyway for your help.
  • #131
  • Sep 22, 2014 12:51am Sep 22, 2014 12:51am
Quoting Jason Rogers
{quote} {quote} We're happy you're happy.
now it's time to get those stop limt orders i ask for
  • #132
  • Sep 22, 2014 12:56am Sep 22, 2014 12:56am
damn those raw spreads are sick, good job fxcm
  • #133
  • Sep 22, 2014 1:30am Sep 22, 2014 1:30am
Yeah the new spreads do seem pretty great so far

One suggestion, however, would be to add Metals, Commodities, and Indices.

Another would be to make margin requirements a bit more transparent.

I hope someone will read this and forward my suggestions. Do these two things and I will be a very satisfied customer. Thanks!
Please check out my blog at https://from-zero-to-hero . net
  • #134
  • Sep 22, 2014 1:35am Sep 22, 2014 1:35am
Try the tradestation, you can see spread, rollover and margin requirements very easily. As for as indices go, you won't find them in US forex broker. Just go futures for those.

You still going to try ForexBroker Inc?
  • #135
  • Sep 22, 2014 1:46am Sep 22, 2014 1:46am
Quoting mzvega
{quote} 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. {image} {image}
hey mzvega - isnt having the news ticked a waste of time. Given fxcm dont support that "ibfx" feature.
(but wait they have a web site you can use or get an app )


After spending ages (40+min) on the 24hr chat waiting for a customer support person. His first intended move was to uninstall their MT4 platform that had taken me most of the weekend to get going and load my indicators into. Plan B - type in the server as "mt4r17.fxcorporate.com:443"
Had already tried typing it in as "FXCM-USDReal09" this added it into the list, but still no connection. After typing in the r17 stuff, the FXCM-USDReal09 is now showing on the list still and selected automatically with my account number as normal. AND my balance is correct and tradable.

Have recieved heaps of emails from FXCM. Seems they are spending their time spamming their newly aquired customer base with adds for Trading Station and apps and supper indicators and signal services and anything to distract them and get them losing money.
Target 2 : Stoploss in the green
  • #136
  • Edited 2:56am Sep 22, 2014 2:43am | Edited 2:56am
One more thing: FXCM still needs to contact MetaQuotes to have them update your new list of servers. I do not see "FXCM-USDReal09" as an option and typing the server address in the field does not work either.
Please check out my blog at https://from-zero-to-hero . net
  • #137
  • Sep 22, 2014 4:11am Sep 22, 2014 4:11am
Quoting smash1820
One more thing: FXCM still needs to contact MetaQuotes to have them update your new list of servers. I do not see "FXCM-USDReal09" as an option and typing the server address in the field does not work either.
Right click "Accounts", select "Open an Account" type in "FXCM-USDReal09", and press scan. When it locates the server you will get a log in prompt.....
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Markets are not efficient, rather they are effective - Jones
  • #138
  • Sep 22, 2014 4:27am Sep 22, 2014 4:27am
Quoting scalpz
{quote} hey mzvega - isnt having the news ticked a waste of time. Given fxcm dont support that "ibfx" feature. (but wait they have a web site you can use or get an app ) After spending ages (40+min) on the 24hr chat waiting for a customer support person. His first intended move was to uninstall their MT4 platform that had taken me most of the weekend to get going and load my indicators into. Plan B - type in the server as "mt4r17.fxcorporate.com:443" Had already tried typing it in as "FXCM-USDReal09" this added it into the list, but still no...
I find the whole idea of doing analysis on a mobile app a joke......
Markets are not efficient, rather they are effective - Jones
  • #139
  • Sep 22, 2014 6:17am Sep 22, 2014 6:17am
Quoting smash1820
Yeah the new spreads do seem pretty great so far One suggestion, however, would be to add Metals, Commodities, and Indices. Another would be to make margin requirements a bit more transparent. I hope someone will read this and forward my suggestions. Do these two things and I will be a very satisfied customer. Thanks!
In the USA they're not allowed to let us trade metals, commodities & indices. Our regulators are protecting us from hurting ourselves :-)
I'd love it also if we could. This rule bugs me even more than FIFO.
  • #140
  • Sep 22, 2014 6:47am Sep 22, 2014 6:47am
Quoting srt
{quote} In the USA they're not allowed to let us trade metals, commodities & indices. Our regulators are protecting us from hurting ourselves :-) I'd love it also if we could. This rule bugs me even more than FIFO.
Yeah, Dontcha just love it? ..

Although seeing how less than 1/3 of Americans can even name all 3 branches of government these days, perhaps they ARE protecting some of us?
Ghost Rider - WWTBMD?
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