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FXCM to lower spread

  • #41
  • Edited 8:43pm Oct 26, 2014 2:21pm | Edited 8:43pm
Dear Jason:

I would like to know if you have an estimated date when the UK accounts will be switched to the new pricing model, several weeks have passed since this was announced. In the UK's webpage it says we will be notified of the change, but I have talked to several friends and none of them have received a notification.

In another thread I found you wrote this.

Quoting Jason Rogers
Just are reminder that this weekend, accounts in the UK (excluding spread betting accounts) and Australia will be upgraded to our new pricing: http://www.forexfactory.com/showthre...43#post7788843
I was expecting today Oct 26 when the market opened I will see the new spreads ut nothing happens, EURUSD is still 2.4 - 2.6


Thanks in advance for your response,



oggalan
  • #42
  • Oct 28, 2014 6:57pm Oct 28, 2014 6:57pm
Quoting oggalan
Dear Jason: I would like to know if you have an estimated date when the UK accounts will be switched to the new pricing model, several weeks have passed since this was announced. In the UK's webpage it says we will be notified of the change, but I have talked to several friends and none of them have received a notification. In another thread I found you wrote this. {quote} I was expecting today Oct 26 when the market opened I will see the new spreads ut nothing happens, EURUSD is still 2.4 - 2.6 Thanks in advance for your response, oggalan
Hi Oggalan,

While accounts in the UK and Australia were upgraded to FXCM's new pricing this past weekend, spread betting accounts were not included in that group. If you and your friends have spread betting accounts, that would explain why you have not yet received a notification email. I will post an update for you on this thread, as soon as I have more information on when our new pricing will be available for spread betting accounts.
  • #43
  • Oct 28, 2014 7:04pm Oct 28, 2014 7:04pm
Live Webinar on Price Action + Super-Tight Spreads

This Wednesday, FXCM will be hosting a live webinar on Price Action, a trading technique that can help you read the market and make trading decisions from chart-based price movement, rather than relying on indicators. You will also learn how you can use our super-tight raw FX spreads in combination with a Price Action strategy.


http://i.imgur.com/gk8W0tr.jpg

In some instances, accounts for clients of certain intermediaries are subject to a markup.



This live webinar will be offered at 3 different times this Wednesday.

  1. Price Action Webinar at 07:00 GMT - click here reserve your place
  2. Price Action Webinar at 13:00 GMT - click here reserve your place
  3. Price Action Webinar at 17:00 GMT - click here reserve your place

  • #44
  • Oct 28, 2014 8:56pm Oct 28, 2014 8:56pm
Quoting Jason Rogers
{quote} Hi Oggalan, While accounts in the UK and Australia were upgraded to FXCM's new pricing this past weekend, spread betting accounts were not included in that group. If you and your friends have spread betting accounts, that would explain why you have not yet received a notification email. I will post an update for you on this thread, as soon as I have more information on when our new pricing will be available for spread betting accounts.
As I have understood to have a spread betting account I have to be a UK or Ireland residents and I am from Central America.

Thanks in advance for your help
  • #45
  • Oct 29, 2014 12:21pm Oct 29, 2014 12:21pm
Quoting oggalan
{quote} As I have understood to have a spread betting account I have to be a UK or Ireland residents and I am from Central America. Thanks in advance for your help
You are quite right, Oggalan. Spread betting accounts are only available to traders in the UK and Ireland.

To date, FXCM's new pricing has been rolled out to our clients living in the US, UK and Australia. The transition is being done region by region 1) to ensure we follow regulatory requirements for due notice to traders which vary by regulator and 2) to ensure an orderly transition within our own system so as not to negatively impact our traders.

You mentioned that your account is with FXCM UK, but since you live outside of the UK itself, your account is still on our old pricing. Your forum profile says you live in El Salvador. While I do not have information on a transition date for our clients in El Salvador at this time, you will receive email notification should a transition date be scheduled.
  • #46
  • Oct 29, 2014 1:26pm Oct 29, 2014 1:26pm
Quoting Jason Rogers
Spread betting accounts are only available to traders in the UK and Ireland. To date, FXCM's new pricing has been rolled out to our clients living in the US, UK and Australia. The transition is being done region by region 1) to ensure we follow regulatory requirements for due notice to traders which vary by regulator and 2) to ensure an orderly transition within our own system so as not to negatively impact our traders.

Another update: Spread betting accounts for traders in the UK and Ireland have now been upgraded to FXCM's new pricing: http://bit.ly/1FVtT9C
  • #47
  • Oct 30, 2014 4:38pm Oct 30, 2014 4:38pm
Quoting luiche
love the spreads but didn't get about commission
Hi Luiche,

I'm glad you like our new spreads. Here's a new video that explains how the commission works.

Inserted Video
  • #48
  • Oct 30, 2014 5:07pm Oct 30, 2014 5:07pm
These new speards also on MT4 spread betting accounts.
  • #49
  • Oct 30, 2014 5:17pm Oct 30, 2014 5:17pm
Quoting neil324
These new speards also on MT4 spread betting accounts.
Yes Neil

Spread betting accounts also benefit from FXCM's new low pricing. However, the special tax-free status of spread betting accounts for traders in the UK and Ireland means that separate commissions are not allowed on this account type. Therefore, instead of charging a separate commission, an equivalent pip markup is included in the spread.

Spread betting accounts can be traded using MT4 or Trading Station. In fact, an FXCM MT4 spread betting account login would allow you to access both platforms.
  • #50
  • Oct 30, 2014 5:23pm Oct 30, 2014 5:23pm
Quoting Jason Rogers
{quote} Yes Neil Spread betting accounts also benefit from FXCM's new low pricing. However, the special tax-free status of spread betting accounts for traders in the UK and Ireland means that separate commissions are not allowed on this account type. Therefore, instead of charging a separate commission, an equivalent pip markup is included in the spread. Spread betting accounts can be traded using MT4 or Trading Station. In fact, an FXCM MT4 spread betting account login would allow you to access both platforms.
Do you have a link for the new spread betting, spreads. Had a look on the web site and can't seem to find them.
  • #51
  • Oct 30, 2014 5:34pm Oct 30, 2014 5:34pm
Yes Neil, here's a link you can use to register an MT4 spread betting demo account: http://bit.ly/1hsrI1N

The login details you receive will also work on Trading Station, so you can use either platform. Some people use MT4 to automate trades and use Trading Station to place their manual trades. It's up to you.
  • #52
  • Oct 31, 2014 4:42am Oct 31, 2014 4:42am
Hi Jason,

I have an account in FXCM UK, so i was expecting Oct 26 to start the new pricing model, but so far nothing has changed.
Maybe it is because it`s not a NDD account?

Regards.
  • #53
  • Edited 4:38pm Oct 31, 2014 4:20pm | Edited 4:38pm
Quoting Fxproject
Hi Jason, I have an account in FXCM UK, so i was expecting Oct 26 to start the new pricing model, but so far nothing has changed. Maybe it is because it`s not a NDD account? Regards.
Hi Fxproject,

FXCM's new pricing is only available on No Dealing Desk (NDD) forex execution. That's why if you have an existing account on DD, it was not switched to our new pricing. Note, that we no longer offer the DD option to new clients on our website, since our new pricing offers traders the best of both world with low pricing and NDD execution. Therefore, if you would now like to have your account switched from DD to NDD, please send me a private message with the email address we have on file for your account. I can have our Operations department follow up with you.

Thanks,
Jason
  • #54
  • Nov 1, 2014 9:31am Nov 1, 2014 9:31am
Quoting Jason Rogers
{quote} Hi Fxproject, FXCM's new pricing is only available on No Dealing Desk (NDD) forex execution. That's why if you have an existing account on DD, it was not switched to our new pricing. Note, that we no longer offer the DD option to new clients on our website, since our new pricing offers traders the best of both world with low pricing and NDD execution. Therefore, if you would now like to have your account switched from DD to NDD, please send me a private message with the email address we have on file for your account. I can have our Operations...
im telling you jason if FXCM dont have my stop limits orders by the beginning of next year im gonna pay you a visit http://www.easyfreesmileys.com/smile...mileys-569.gif, just kidding, whats the latest news on stop limit orders
  • #55
  • Nov 5, 2014 1:59pm Nov 5, 2014 1:59pm
Quoting PoundTrader
{quote}im telling you jason if FXCM dont have my stop limits orders by the beginning of next year im gonna pay you a visit {image}, just kidding, whats the latest news on stop limit orders
Hi PT,

You're welcome to pay me a visit, but I'm afraid it would have no influence on when our developers add functionality for stop limit orders to Trading Station. They are currently working on some other enhancements to the platform that have been given priority based on demand. :nerd:

I will let you know just as soon as I hear anything more from our developers regarding their plans for stop limit orders.
  • #56
  • Nov 6, 2014 4:36pm Nov 6, 2014 4:36pm
Quoting Jason Rogers
{quote} Hi PT, You're welcome to pay me a visit, but I'm afraid it would have no influence on when our developers add functionality for stop limit orders to Trading Station. They are currently working on some other enhancements to the platform that have been given priority based on demand. :nerd: I will let you know just as soon as I hear anything more from our developers regarding their plans for stop limit orders.
http://www.easyfreesmileys.com/smile...mileys-406.gif
  • #57
  • Nov 6, 2014 4:45pm Nov 6, 2014 4:45pm
I hate to come here and talk good things about a broker!! But lets do it.
I was really suspicious about fxcm new price structure but I opened a relatively small account with them anyways, just to test the waters. Gosh ...so far I could not be more pleased with it.
I trade with multiple brokers in order to minimize my risks when their platform goes off ( oanda for example) but I think in the next months I will be trading with only 2 brokers.
I will probably keep just interactivebrokers and fxcm. I got to the conclusion that brokers charging commission are just better brokers and play less tricks on you.
I really hope fxcm keep on the good work. If they keep doing what they are doing (at least from my experience so far) they will bankrupt the competition.
And by competition I mean brokers charging spreads only.
So again let me thank fxcm for raising the bar

Now it would not be me if I ended this post without bashing something on a broker so.....
Fxcm market analysts, webinars, and that stupid SSi indicator SUCK !!
So, you think you have rights? LOL
  • #58
  • Nov 6, 2014 8:03pm Nov 6, 2014 8:03pm
Mr. Rogers:

I have one question: I am from El Salvador Central America and I have my account with FXCM UK. They have not change my account to the new pricing because as you said in earlier posts you are doing it region by region.

My question is what happens if i close my existing account and I open a new one? Am I going to receive the new pricing in the new account?


Waiting for your response,



oggalan
  • #59
  • Nov 7, 2014 11:27am Nov 7, 2014 11:27am
Quoting ForexOracle
I hate to come here and talk good things about a broker!! But lets do it. I was really suspicious about fxcm new price structure but I opened a relatively small account with them anyways, just to test the waters. Gosh ...so far I could not be more pleased with it. I trade with multiple brokers in order to minimize my risks when their platform goes off ( oanda for example) but I think in the next months I will be trading with only 2 brokers. I will probably keep just interactivebrokers and fxcm. I got to the conclusion that brokers charging commission...
Thanks for your feedback, ForexOracle
  • #60
  • Nov 7, 2014 11:28am Nov 7, 2014 11:28am
Quoting oggalan
Mr. Rogers: I have one question: I am from El Salvador Central America and I have my account with FXCM UK. They have not change my account to the new pricing because as you said in earlier posts you are doing it region by region. My question is what happens if i close my existing account and I open a new one? Am I going to receive the new pricing in the new account? Waiting for your response, oggalan
Hi Oggalan,

From what you've told me, it's unlikely that closing your existing account, just to apply for a new one would result in any changes to the pricing you currently see. That said, please send me a private message with your account details. I’ll follow up with our Operations department to see if they have any other solutions for you.

Thanks,
Jason
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