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FXCM to lower spread

  • #81
  • Nov 24, 2014 4:16am Nov 24, 2014 4:16am
Quoting Jason Rogers
{quote} Hi Lucariga, The transition is being completed by region. That means if you have an FXCM UK account but live outside of the UK itself, your account may still be on the old pricing. That said, please send me a private message and include the email address that we have on file for your account. With that information I confirm the settings for your account. Thanks, Jason
PMed you. Thanks
  • #82
  • Dec 3, 2014 4:05am Dec 3, 2014 4:05am
Jason,

I replied back to Rachel last night after I enquired about wanting to have lower spreads on my account which was a transferred account from IBFX. I have not received any replies up till now. So maybe you can shed some light on the question I posed to her yesterday.

Hi Rachel,

Please see the attached screen shots. Both MT4 instances are put side by side with different logins. On the left is with the account 91007683 (transferred from IBFX) and on the right 91008598 which is the standard account I created today. The spreads are different even after logging out and in. When the screen shots were taken (and it has stayed constant throughout the US session, EURUSD on the left has a spread (and all these while) of 2.2 while only 0.3 on the right. GBPJPY has a 3.8 spread on the left compared to 1.2 on the left. Correct me if I'm wrong but even with a round trip commission of $0.80 on a mini lot (10k) it is less than 1 pip commission added to the spread which is still much lower than the spread on the 91007683 account. This led me to believe the 7683 account is held as a dealing desk account. So can I just fund the 91008598 account (AUD$3000), transfer whatever balance from the 91007683 and then close this account? By the way, what bonus are we talking about here?

Best regards,
Wilson.
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  • #83
  • Dec 4, 2014 1:36pm Dec 4, 2014 1:36pm
Quoting wilson
Jason, I replied back to Rachel last night after I enquired about wanting to have lower spreads on my account which was a transferred account from IBFX.
Hi Wilson,

Both your accounts are on FXCM's No Dealing Desk (NDD) forex execution. The spread difference you see is the result of one account being on the old pricing model, and the other one being on FXCM's new raw FX spread pricing which I discuss in my first post in this thread: http://www.forexfactory.com/showthre...43#post7788843

As I mentioned in that post, the transition to our new pricing is being completed region by region. However, you can transfer the funds from your old account to the new one, and then close the former. While we don't offer deposit bonuses (that's something typically offered by smaller dealing desk brokers to entice new traders), depending on the amount you intend to deposit, you may qualify for additional benefits such as free VPS, Programming Services or FXCM Apps.

PS: For your security, please edit your previous post to keep your account number private. If you have other questions specific to your account or additional benefits you can qualify for based on your account balance, please send me a private message.
  • #84
  • Last Post: Dec 12, 2014 12:48am Dec 12, 2014 12:48am
Quoting Jason Rogers
{quote} Hi RockRobb, I apologize for the confusion. FXCM is one of the only retail forex brokers that's regulated on four continents. When we speak of FXCM US, FXCM UK and FXCM Australia, we are referring to the countries in which those three particular FXCM entities are regulated. That said, it's important to note that clients from other countries can and do set up accounts through those entities. Take FXCM UK for example: The full name of the entity is Forex Capital Markets Limited, and it's regulated by the Financial Conduct Authority (FCA) in...
i opened an account in UK fxcm platform threw the representation in Israel,and have been told the new pricing modell is not available for israel.
why not if it is threw UK and when will it be available ?
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