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  #1  
Old 28-04-2009, 18:29
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Default FXCM

I need some feed back on FXCM..........
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  #2  
Old 14-05-2009, 17:00
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You will find a ton of mixed reviews for FXCM and many others on the Forex Peace Army site.

Egwig
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  #3  
Old 15-05-2009, 17:18
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I use fxcm for quite a while now. Spread is variable but pretty low. Service is good. One of my pending orders didnt kick in last week because of a technical problem. But it would have been profitable so i sent them an email. They answered the same day and i got the profit credited to my account!
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  #4  
Old 24-07-2009, 01:00
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Default fxcm

I have had a good experience with FXCM. I also use MB trading.
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  #5  
Old 20-08-2009, 15:15
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can anyone tell me why there is so much negativity written about FXCM and why regardless of this, they seem to ignore the problems whilst they continue to eat up any small stray brokers laying around in their attempt at world domination. What I mean is this, if you have the capital to try and take over the world (the Lex Luthor of FX) should you not 1st try and fix the so called technical (none MT4) problems? No?
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  #6  
Old 20-08-2009, 15:46
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Your question seems somewhat loaded.:)
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  #7  
Old 20-08-2009, 16:58
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Most broker reviews on 'credible' forex sites are biased. They are written either by brokers themselves or their competitors and you can't really tell who's writing the real non-biased opinion and who's getting paid to post fake reviews.

Best thing for you is to ask people you know and trust.

FXCM was a positive experience for me so far.
__________________
Michael
Forex Magnates - Home of the Forex Elite
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  #8  
Old 14-09-2009, 01:15
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Default I like FXCM

I like the FXCM Mirco Trading Station II beacause:

It is easy to use.

You can see all the account at a glance.

Placing orders is simple.

I moved my account to the UK so I could hedge and have one cancels the other orders, OCO.

The spread low, on average 4.7 on G/J, the majors under 2.

You have to be OK without phone service when you have a micro account. I done OK with a few little problems that have come up using their web page and email.

I'm a real trader, telling the truth.
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  #9  
Old 15-09-2009, 08:05
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Default reply

Try their demo and service b4 u use it!
..............................................
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  #10  
Old 10-10-2009, 14:59
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Default FXCM MICRO

Quote:
Originally Posted by trade987 View Post
I like the FXCM Mirco Trading Station II beacause:

It is easy to use.

You can see all the account at a glance.

Placing orders is simple.

I moved my account to the UK so I could hedge and have one cancels the other orders, OCO.

The spread low, on average 4.7 on G/J, the majors under 2.

You have to be OK without phone service when you have a micro account. I done OK with a few little problems that have come up using their web page and email.

I'm a real trader, telling the truth.
Hi Everyone...
I been scalping FXCM TradeStation Micro for a longtime with no problems
Webster
E$P$
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  #11  
Old 12-10-2009, 22:08
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Default Interbankfx is better

Quote:
Originally Posted by carnic View Post
I need some feed back on FXCM..........
Interbankfx is better
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  #12  
Old 12-10-2009, 22:13
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I've been using FXCM Australia's MT4 and find their response terrible when the orders are going to dealers - I have sat there for 10 seconds or more before hitting cancel.
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  #13  
Old 12-10-2009, 22:18
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How is their newsfeed? Is it still Thomson/IFR? Is it available with the MT4 platform?
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  #14  
Old 12-10-2009, 22:24
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I agree with you
I would say the best advice is to judge by yourself and get a demo account get familiar with the platform and the service, Don t invest b4!

Quote:
Originally Posted by ForexMagnates View Post
Most broker reviews on 'credible' forex sites are biased. They are written either by brokers themselves or their competitors and you can't really tell who's writing the real non-biased opinion and who's getting paid to post fake reviews.

Best thing for you is to ask people you know and trust.

FXCM was a positive experience for me so far.
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  #15  
Old 13-10-2009, 06:15
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Default broker

i have used interbank for almost 4 years, no problems, many problems when i used fxcm, but i would go get a few demo accounts and see for yourself, nothing better than due diligence
hlass
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  #16  
Old 23-10-2009, 20:36
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Quote:
Originally Posted by jonleung View Post
I've been using FXCM Australia's MT4 and find their response terrible when the orders are going to dealers - I have sat there for 10 seconds or more before hitting cancel.
Hi Jon,

The MT4 platform is setup with market execution so all orders will be filled as at best market orders. Because of this you shouldn't be seeing a message with the ability to cancel an order. And the MT4 accounts are also using No Dealing Desk execution so trades are sent directly to the banks for execution.

If you would like me to help investigate this, please feel free to contact me at jrogers@fxcm.com and I will help.

-Jason
FXCM
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  #17  
Old 23-10-2009, 20:46
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Quote:
Originally Posted by ajt1970 View Post
How is their newsfeed? Is it still Thomson/IFR? Is it available with the MT4 platform?
Hi ajt1970,

The IFR news feed is no longer provided by FXCM. Instead we have created a news feed called the ForexStream which you can find on DailyFX http://forexstream.dailyfx.com/ . We also re-launched the DailyFX website on Monday if you haven't visited in a while.

-Jason
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  #18  
Old 16-11-2009, 20:23
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There's been an important update to the FXCM Trading Station II. Here's what is new:


1. Net Stops/Limits added to the summary window. This is only for FXCM US accounts:



2. Close All and Close All for Symbol added to summary window. This is only for FXCM US accounts:



3. Lastly, the Marketscope chart will display an arrow indicating where you opened the trade:

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  #19  
Old 14-12-2009, 20:28
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All live MT4 accounts with FXCM now have access to free VPS hosting. You can request a VPS login by submitting your account details on the FXCM UK site http://www.fxcm.co.uk/metatrader.jsp . Click on the button in the middle of the page that says "Free MT4 VPS"

If you're not familiar with VPS...

VPS lets you run MT4 on a remote server rather than running the platform on your own computer. This means if your computer crashes or you lose internet connection, your MT4 platform is still running. This is very important for traders using Expert Advisors ensuring your trading strategy is running 24 hours a day.
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  #20  
Old 15-01-2010, 01:50
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Fxcm (Australia) are horrible. Many faults with there MT4 interface.
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  #21  
Old 15-01-2010, 02:29
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FXCM UK and USA platforms are the best in the business and have excellent service

Balaji
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  #22  
Old 15-01-2010, 03:02
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Hi,
Can anyone explain about FXCM free vps, how to eligible and so on.. tQ
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  #23  
Old 19-01-2010, 22:05
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Quote:
Originally Posted by syed1001 View Post
Hi,
Can anyone explain about FXCM free vps, how to eligible and so on.. tQ
Hi syed,

In order to get the VPS, you would need to first have a live MT4 account with FXCM. Once you have the MT4 account, you can submit a request for the free VPS by submitting the request through the website here http://www.fxcm.co.uk/metatrader.jsp#st=4/

The VPS is free as long as you make at least 10 trades a month.

-Jason
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  #24  
Old 27-01-2010, 20:54
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Default IMPORTANT: CFTC Proposal May the Affect Future of the US Forex Industry

Dear Traders:

On January 13, an announcement was made on the CFTC website detailing proposed regulations for retail forex transactions. CFTC Seeks Public Comment on Proposed Regulations Regarding Retail FOREX Transactions

Amongst the proposed changes was a requirement on the maximum leverage amount a broker could offer. The CFTC proposal states that: Leverage in retail forex customer accounts would be subject to a 10-to-1 limitation.

While we are in favor of tighter regulation to protect traders and improve oversight of the industry, FXCM is opposed to the 10:1 leverage proposal and is actively lobbying against it.

If you would like to voice your concern for or against the proposal you can submit your comment to the CFTC by sending an email to secretary@cftc.gov with “Regulation of Retail Forex” in the subject line. You must provide your address and contact information in the email in order for it to be considered by the CFTC. Also, you should be aware that the CFTC has the right to publish your comments, and will publish your email on a public page on their website. The deadline for comments is March 13, 2010.

Here is how the reduction in leverage to 10:1 would affect the amount of margin in USD you are required to set aside for a 10k mini lot position in one of the 4 major currency pairs:

Current Margin Requirement in USD:
EUR/USD: $160
USD/JPY: $100
GBP/USD: $180
USD/CHF: $100

Margin Requirement at 10:1 leverage
EUR/USD: $1,600
USD/JPY: $1,000
GBP/USD: $1,800
USD/CHF: $1,000

The proposed regulation, if implemented, would only affect FXCM LLC accounts. US traders with an account at FXCM UK will be unaffected by the proposal as well. FXCM is a global Forex firm with regulated entities in multiple countries. FXCM traders have the option at any time to open accounts with FXCM regulated entities in addition to the U.S. such as FXCM UK, FXCM Asia, or FXCM Australia, which provide flexible leverage levels.

FXCM and 8 other forex leading US forex brokers will be voicing opposition to the proposal through the Forex Dealers Coalition (FXDC). You can read the http://blogs.fxstreet.com/francesc/f...ss_summary.pdf .
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  #25  
Old 25-02-2010, 02:10
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Did anyone else have a problem with FXCM today?
I had the Ash trade on since last night and then earlier today, the trade was closed by fxcm. They had a price error which resulted in a margin call on my account. My trade was closed but my account balance was not effected even though it technically got stopped out by their error.
I was told the trade would be put back on by them but its yet to happen.

I was going to just enter it myself and if it lost, say nothing:)
And if it won, complain to them that they were supposed to put the trade on again which the agent said in the chat.
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  #26  
Old 25-02-2010, 17:00
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Quote:
Originally Posted by demons19 View Post
Did anyone else have a problem with FXCM today?
I had the Ash trade on since last night and then earlier today, the trade was closed by fxcm. They had a price error which resulted in a margin call on my account. My trade was closed but my account balance was not effected even though it technically got stopped out by their error.
I was told the trade would be put back on by them but its yet to happen.

I was going to just enter it myself and if it lost, say nothing:)
And if it won, complain to them that they were supposed to put the trade on again which the agent said in the chat.
Hi demons19,

If the trade was closed due to a margin call, it should have been re-opened last night. If it was stopped out, you would need to submit a trade audit for an adjustment.

Did everything get corrected?

-Jason
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  #27  
Old 01-03-2010, 04:31
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Yes the trade was reinstated about 36hrs later at my original price of 1.2853. I was able to enter another position at 1.2912 which has gone nicely in my favor and I just put the stop at B/E.....so if this Ash trade works out, I will make 2x as much and it if stopped out, I only lose what my original risk was.

Now if we can just go to Ash's P/T:)
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  #28  
Old 08-03-2010, 19:34
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FXCM is holding a forex trading expo May 3-4, 2010 at the Rio in Las Vegas. We would love to see you at the expo if you're able to make it!


The expo will have over 60 free workshops for traders of all levels, from beginner to advanced, as well as a special focus on the MT4 platform and automated trading. Members of our programming services team will be on hand for the MT4 and automated trading workshops. A complete list can be found on the expo website www.fxcmexpo.com .
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  #29  
Old 08-07-2010, 20:09
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FXCM is developing a new automated strategy platform as an alternative to the MT4 platform. The new platform is called Strategy Trader, and it is currently in beta testing. Since the platform was designed by FXCM and built for NDD execution, there are no bridges or synchronizations. Here are some of the highlights and new features for the platform:

- Tick Charts
- Create any time frame chart
- No bridges
- Advanced backtesting with detailed strategy/trade analysis
- Access to all fxcm order types
- Uses C# for coding, easy to hookup and debug in visual studio
- Over 150 chart indicators, one of the most powerful charting package to be offered by FXCM

See attached image of the platform

The platform is currently in beta testing, and you're welcome to request a demo if you would like to join in on the beta testing: http://www.fxcm.com/lp-strategy-trader-beta.html

A couple things to note about Strategy Trader. The platform uses exchange based execution so hedging is not available and FIFO applies. The platform will work on hedging disabled accounts. MT4 will continue to be offered alongside the Strategy Trader platform.
Attached Thumbnails
FXCM-strategy-trader.jpg  

Last edited by Jason Rogers; 08-07-2010 at 20:13.
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  #30  
Old 18-08-2010, 19:04
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Default FXCM Traders Can Now Benefit from Price Improvements on Limit Orders Read more at: D

FXCM recently enhanced its No Dealing Desk forex execution model by adding Price Improvements†. As of July 12, 2010, if a better price becomes available before your limit order executes, FXCM’s No Dealing Desk execution engine will automatically give you the best available price.

[COLOR="Navy"]The Old[/COLOR]
A common inconvenience to most No Dealing Desk execution models is that limit and limit entry orders always fill at the limit price—even if the market price gapped or spiked favorably through it. At the same time, stop orders can fill at a worse price.

[COLOR="navy"]The New[/COLOR]
Now with FXCM Price Improvements, your limit and limit entry orders can receive positive slippage. That means you can potentially make more money if the market gaps or spikes favorably through your limit price. This is especially true in situations where the market is moving fast like during weekend gaps or around news events.

[COLOR="navy"][COLOR="Black"]How Does It Work?[/COLOR][/COLOR]
To illustrate how a Price Improvement can mean more money for you, consider the following example.
Friday: You decide to hold a 10K EUR/USD buy position through the weekend, in light of a G20 meeting on Saturday. You create a limit order on the trade at 1.3260 anticipating a possible gap when trading opens.

Saturday: The G20 meeting is very positive for the Euro-zone, which could help your trade.

Sunday: As trading opens, the EUR/USD price gaps through your limit price of 1.3260, from Friday’s close of 1.3242 to 1.3275.
[COLOR="navy"]The Old:[/COLOR] Previously, your limit would have filled at your requested limit price of 1.3260.

[COLOR="navy"]The New:[/COLOR] Now, with FXCM Price Improvements, since the market gapped through your limit price, your trade could close at 1.3275, providing you with a Price Improvement of up to 15 pips.

“Exchange traded instruments already benefit from positive slippage.” said Drew Niv, CEO of FXCM. “With FXCM Price Improvements, FXCM is bringing the forex industry more in line with these common practices, making trading even more fair for our clients.”

To see Price Improvements in action, FXCM recommends using limit orders to close trades. Easily see when you get a Price Improvement by comparing the limit price that you requested with the limit price where you were filled.



FXCM Holdings, LLC Facts

FXCM Holdings, LLC is a leading global forex and CFD broker* that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.

At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients have market access to some of the world's largest liquidity providers which enables FXCM to offer clients spreads as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM LTD’s CFD product offers no re-quote trading and allows traders to trade oil, gold, silver, and stock indices, along with forex on one platform. In addition to currency and CFD trading*, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.

†All price improvements are dependent upon available liquidity.

*Please be advised that CFD accounts are not available to residents of the U.S. or its territories. Additionally, FXCM LTD offers spread betting exclusively to UK residents. Residents of other countries are NOT eligible.

Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all. Read full disclaimer.
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