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  • #9,681
  • Nov 25, 2016 10:15am Nov 25, 2016 10:15am
Quoting keen246
{quote} Good for you! My Yugo has also been running very reliably for the past 20 years.
Yeah, didn't think so.
  • #9,682
  • Nov 26, 2016 5:50pm Nov 26, 2016 5:50pm
Quoting keen246
{quote} Good for you! My Yugo has also been running very reliably for the past 20 years.
Makes a good sewing machine right?
  • #9,683
  • Nov 28, 2016 3:27am Nov 28, 2016 3:27am
Jason,

Do you support tradingview.com for all traders now ?

Last time I saw you're were looking for beta testers.
  • #9,684
  • Nov 28, 2016 5:25pm Nov 28, 2016 5:25pm
Quoting timos
Jason, Do you support tradingview.com for all traders now ? Last time I saw you're were looking for beta testers.
Hi Timos,

TradingView completed their beta testing. To place trades on your live account using their charts, you must have a Standard FXCM account, and a TradingView account which you can set up using the instructions on their site.
  • #9,685
  • Nov 28, 2016 5:33pm Nov 28, 2016 5:33pm
Quoting mattrader
Hi Jason, Will FXCM introduce Ctrader as another alternative trading platform?
Quoting pipmaster77
{quote} I doubt any US trader will offer cTrader. Dealer manipulation is impossible on that platform, which doesn't fit US brokers model.
Hi Everyone,

While I won't speak for other brokers, FXCM is open to considering new trading platforms. It's all based on trader demand, so I have noted your interest in cTrader and will let you know if we decide to offer it in the future.

With our No Dealing Desk (NDD) forex execution, FXCM acts as a price aggregator. We take the best available bid and ask prices from our liquidity providers global banks, financial institutions and other market makers and stream those prices to your platform.

Attached Image (click to enlarge)
Click to Enlarge Name: liquidity-providers-logo-group-desktop.jpg Size: 145 KB


This large, diverse group of liquidity providers makes this model special: The more advantageous the prices, the more order flow the provider receives. Through competition, NDD ensures prices are market-driven and fair.

Furthermore, it's worth noting that we use the same base price for DD execution on Mini accounts (before adding the spread markup) as the base price we use for our NDD execution (before adding the commission). That's a key reason you can have confidence trading with FXCM regardless of the account type you choose.
  • #9,686
  • Nov 28, 2016 5:38pm Nov 28, 2016 5:38pm
Quoting breaststroke
Just sharing a complimentary post I wrote about FXCM. Moved from Pepperstone to FXCM I have moved from Pepperstone to FXCM AU. No particular complains about Pepperstone. They have been good. But FXCM has many distinct advantages on Pepperstone such as: Regulated to the hilt across multiple continents. Reformed broker. They have had their own blunders, but lets just say that they have learned their lessons (the hard...
We appreciate your detailed feedback, Breaststroke

I'm glad you are pleased with our service!
  • #9,687
  • Nov 28, 2016 5:41pm Nov 28, 2016 5:41pm
Quoting arasheed
{quote} Well as far as I remember on Mt4 platform Right click on Accounts and continue to dialogue Boxes as pe attached photos where in the last there option to select $3000. Here you over write to your required amount say $200.{image}{image}{image}{image}
Thanks for providing these instructions, Arasheed

All these years, I didn't realize you could type a custom balance amount for an MT4 demo account. I thought you had to select one of the balance options from the dropdown menu.
  • #9,688
  • Nov 28, 2016 5:43pm Nov 28, 2016 5:43pm
Quoting Bilstein
{quote} I've been trading live with them for almost a decade and I'm still satisfied. Does that count?
Thanks for being a client of ours all these years, Bilstein!
  • #9,689
  • Nov 28, 2016 11:43pm Nov 28, 2016 11:43pm
Quoting pipmaster77
{quote} And the biggest one, in AU your funds are insured and you are provided 400:1 leverage. In the US they require us to deposit 8 times the money for the same exact trade and then on top of it don't protect the funds.
Hey pip, why are you always spreading misinformation. Your funds ARE NOT insured by ANY Australian brokers. If the broker goes belly up IN Oz. so do your funds. It has happened before and it will happen again. That said, the regulations are pretty strict here, but not as strict as USA. I am Australian and have used plenty of brokers here and also FXCM. The Oz brokers are much better than average bucketshops, but in my experience FXCM is even better on most points. I really have no idea why you have such a vendetta against FXCm and other US brokers. Which broker do you use that is so much better than FXCM because I would like to try them?
  • #9,690
  • Nov 29, 2016 6:03am Nov 29, 2016 6:03am
Quoting Jason Rogers
{quote} {quote} Hi Everyone, While I won't speak for other brokers, FXCM is open to considering new trading platforms. It's all based on trader demand, so I have noted your interest in cTrader and will let you know if we decide to offer it in the future.
Thanks hopefully FXCM will considered it.
  • #9,691
  • Nov 29, 2016 7:05am Nov 29, 2016 7:05am
Quoting PharLap
{quote} Hey pip, why are you always spreading misinformation. Your funds ARE NOT insured by ANY Australian brokers. If the broker goes belly up IN Oz. so do your funds. It has happened before and it will happen again. That said, the regulations are pretty strict here, but not as strict as USA. I am Australian and have used plenty of brokers here and also FXCM. The Oz brokers are much better than average bucketshops, but in my experience FXCM is even better on most points. I really have no idea why you have such a vendetta against FXCm and other...
Well you can start with a google search of FXCM fines or forex.com fines. Yeah, yeah ,they cleaned it up. If they weren't caught, they would be continuing the same practices. The main issue I have is with the regulations, the rest of the civilized world enjoys much greater leverage, no FIFO and can hedge. This is all claimed as protection for the trader, when it is the exact opposite. Risk has absolutely nothing to do with leverage. If I have $10K to trade with, and I want to risk $1K, I am risking 10%, the difference is by using a non-US broker, I have the ability to leave 9K safely in my bank account and transfer to broker if/when needed as opposed to giving the entire 10K to the US broker for margin. If funds were protected, perhaps it's a different story, but to reduce leverage AND offer no protection of all the unnecessary funds on deposit with the broker is ludicrous. So the issue then turns to the brokers, I feel they use these regulations to their advantage, for example , why is there not one pure ECN in the US, why is every broker using a market maker, dealing desk model?

As far as my broker, I use unregulated, offshore brokers, as the US regulations,as ridiculous as this may seem, actually also provide me with the "protection" of not being able to use brokers regulated by other bodies around the world. Pretty amazing, huh? So UK, Australian, etc., who are far superior to the offerings in the US, are off limits. Where do you think your funds would be safer at a US broker or a Swiss broker ? Yet, for my protection, I cannot use a Swiss broker with 100K insurance. C'mon man, really? Then the naive and brainwashed tell me I'm crazy.lol.

So I feel my funds are far less at risk with the majority of my trading capital sitting in my FDIC-insured bank account and only providing thebroker with the capital required for my current trades.
  • #9,692
  • Nov 29, 2016 8:47am Nov 29, 2016 8:47am
Quoting pipmaster77
{quote} Risk has absolutely nothing to do with leverage. If I have $10K to trade with, and I want to risk $1K, I am risking 10%, the difference is by using a non-US broker, I have the ability to leave 9K safely in my bank account and transfer to broker if/when needed as opposed to giving the entire 10K to the US broker for margin.

There's one exception, there are many newbies that have any idea that they can lose for example 100 times more than they deposit on broker account if any black swan happens like SNB crisis. For example you had 10000 CHF, you can lose all of it, so you bought eurchf for 1.2003 with stop loss just below protected level at 1.1996, full leverage 1:500, 50 lot, expected risk 3500 CHF. Unfortunately SNB removes protected level and your order is executed at 0.8600, so you lost 1701500 CHF. Of course if you had 100000 CHF account with leverage 1:50 your loss is exactly the same, but many people can easily go bankrupt with high leverage, because they don't know the market.
  • #9,693
  • Nov 29, 2016 3:31pm Nov 29, 2016 3:31pm
Attention US traders,

The NFA has sent Notice I-16-27 to US brokers requiring an increase in the margin requirements for certain currencies as well as the removal of the increased margin requirement for the Swiss franc that has been in place since 2015:

Below is the full text of the NFA notice:


Notice I-16-27

November 28, 2016


Immediate attention required Financial Requirement Section 12 Changes in required minimum security deposits for forex transactions

Increase in required minimum security deposits


Given the recent volatility in the currency markets, and the margin increases that CME and ICE have implemented with respect to foreign currency futures involving the Mexican peso, Japanese yen, and New Zealand dollar, the Executive Committee has determined to increase the minimum security deposits required to be collected and maintained by FDMs under NFA Financial Requirements Section 12 to the following:


Mexican peso 8%

Japanese yen 4%

New Zealand dollar 3%


These increases become effective, for both new and existing positions, at 5 p.m. (CST) on December 5, 2016 and remain in effect until further notice.


Decrease in required minimum security deposits


Given the recent margin decreases that CME and ICE have implemented with respect to foreign currency futures involving the Swiss franc, the Executive Committee has also determined to reduce the minimum security deposit required for currency pairs involving the Swiss franc to 3% (from the current 5% requirement imposed in January 2015). The decrease becomes effective at 5 p.m. (CST) on December 5, 2016 and remains in effect until further notice.


If you have any questions on these requirements, please contact Sarah Walsh, Associate Director, Compliance ([email protected] or 312-781-1202) or Nicole Wahls, Manager, Compliance ([email protected] or 312-781-1886).



In order to comply with the NFA notice, FXCM US is raising margin requirements on MXN, JPY, and NZD pairs at approximately 5:00pm EST on Monday, December 5, 2016. FXCM US will also be decreasing margin requirements on CHF to 3% from the current 5% requirement imposed in January 2015.

Again, this NFA notice applies only to the US, so margin requirements for accounts with FXCM UK and FXCM Australia are not affected. We urge all clients to proceed cautiously as market moves may be large and unpredictable. Up-to-date margin requirements (per 1K lot) are displayed in the Simplified Dealing Rates window of Trading Station.

Remember that forex trading can result in losses that could exceed your deposited funds and therefore may not be suitable for everyone, so please ensure that you fully understand the high level of risk involved.
  • #9,694
  • Nov 29, 2016 4:56pm Nov 29, 2016 4:56pm
Why are you raising the margin on NZD pairs by 33% - 50%?

NZDUSD WAS $16 NOW $24
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,695
  • Nov 29, 2016 5:34pm Nov 29, 2016 5:34pm
Quoting TooSlow
Why are you raising the margin on NZD pairs by 33% - 50%? NZDUSD WAS $16 NOW $24
You should address your question to the NFA. FXCM is only staying in compliance. It is out of their hands.
Mark ... Everything you have been told is a LIE
  • #9,696
  • Nov 29, 2016 6:27pm Nov 29, 2016 6:27pm
Quoting TooSlow
Why are you raising the margin on NZD pairs by 33% - 50%? NZDUSD WAS $16 NOW $24
Hi TooSlow,

As @spzd pointed out, the new 3% margin requirement for NZD pairs is mandated by the NFA. In their notice to brokers which I mentioned above, they explained their rationale for this increase:

Quoting Jason Rogers
Given the recent volatility in the currency markets, and the margin increases that CME and ICE have implemented with respect to foreign currency futures involving the Mexican peso, Japanese yen, and New Zealand dollar, the Executive Committee has determined to increase the minimum security deposits required to be collected and maintained
Therefore, this margin increase mirrors a similar one on futures exchanges. The NFA mentioned in their announcement that you can reach out to them with additional questions:

Quoting Jason Rogers
If you have any questions on these requirements, please contact Sarah Walsh, Associate Director, Compliance ([email protected] ("[email protected]") or 312-781-1202) or Nicole Wahls, Manager, Compliance ([email protected] ("[email protected]") or 312-781-1886).
  • #9,697
  • Nov 29, 2016 10:23pm Nov 29, 2016 10:23pm
Quoting TooSlow
Why are you raising the margin on NZD pairs by 33% - 50%? NZDUSD WAS $16 NOW $24
Come to the dark side. My leverage is still 500:1.
  • #9,698
  • Nov 29, 2016 10:24pm Nov 29, 2016 10:24pm
Quoting spzd
{quote} You should address your question to the NFA. FXCM is only staying in compliance. It is out of their hands.
Absolutely correct. The folks regulating us do not even comprehend the fact that leverage has nothing to do with risk.
  • #9,699
  • Nov 29, 2016 10:27pm Nov 29, 2016 10:27pm
Quoting pipmaster77
{quote} Well you can start with a google search of FXCM fines or forex.com fines. Yeah, yeah ,they cleaned it up. If they weren't caught, they would be continuing the same practices. The main issue I have is with the regulations, the rest of the civilized world enjoys much greater leverage, no FIFO and can hedge. So UK, Australian, etc., who are far superior to the offerings in the US, are off limits. Where do you think your funds would be safer at a US broker or a Swiss broker ? Yet, for my protection, I cannot use a Swiss broker with 100K insurance....
Hi Pip, I understand you're pissed about the regulations, and it's crazy that you can't use whatever broker that you want, but don't blame FXCM for this. They would love to give you all the leverage you want. I see that they've increased the margin for the NZD/USD and people are complaining again as if it's FXCM's fault. I don't understand why you think UK Aussie brokers are better than FXCM apart from the leverage issue and that UK brokers customers get insurance.
  • #9,700
  • Nov 29, 2016 10:49pm Nov 29, 2016 10:49pm
Quoting TooSlow
Why are you raising the margin on NZD pairs by 33% - 50%? NZDUSD WAS $16 NOW $24
Current margin for CME NZD/USD futures contract:

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-11-29_234621.png Size: 8 KB


Y'all need to stop whinning. You are still getting a better deal than futures.
Mark ... Everything you have been told is a LIE
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