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Author Topic: FXCM  (Read 3423 times)

Offline Jennifer

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FXCM
« on: July 24, 2009, 08:26:31 AM »
Dear Donna, I just joined your forum tonight, so helpful, thanks. I just started wth FAP Turbo 2 weeks ago, trading on DEMO with FXCM, more looses than winning. Many people mentioned your setting, where can I find on your site? Thanks.


Sincerely,
Jennifer

Offline Trade It Easy

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Re: FXCM
« Reply #1 on: August 08, 2009, 06:45:33 PM »
Dear Donna, I just joined your forum tonight, so helpful, thanks. I just started wth FAP Turbo 2 weeks ago, trading on DEMO with FXCM, more looses than winning. Many people mentioned your setting, where can I find on your site? Thanks.


Sincerely,
Jennifer

Hello Jennifer,
Unfortunately Donna has stopped trading with fap turbo. If you like you could try jasons strategy. The thread is called 'How I gradually doubled my account' take a look and try out those settings. I am currently testing them out and so far so good, I am also currently tweaking them and increasing my trades and trying to minimise losses still leaving it fully automatic. I will be going live over the next 7 days or so. I hope ive helped you out. If you would still like donnas settings she was using I can PM them to you.
Kind Regards
Jono
Verified Real GBP FX Megadroid stats: http://www.myfxbook.com/members/theforexbloke/advanced-forex-megadroid-setup/1961562

Work hard from the ground up. I make money from trading however it hasn't always been that way. I lost before I started "winning". I made and make my money from my business which is casino hire ie hiring out casino tables in and around Nottingham UK. To see what I do go to: http://www.winwincasinohire.co.uk

Offline dennerle

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Re: FXCM
« Reply #2 on: July 16, 2011, 04:58:45 AM »
Recently, FXCM UK has noticed that they will ceased all accounts in Singapore.

A check with them revealed that it is due to new regulations in Singapore that they ceased singapore accounts.

Does anyone here know what are the new regulations that caused them toi stop operations for Singapore accounts?

Offline fxfir

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Re: FXCM
« Reply #3 on: January 27, 2012, 09:46:19 AM »

FXCM Launches Improved and Faster MetaTrader 4 Offering

FXCM Inc. (NYSE: FXCM) has kicked off the new year by launching a new, improved, and faster version of their MetaTrader 4 (MT4) platform offering. MT4 is one of the most popular platforms used by many brokers around the world, especially in Europe, Australia, and Asia. FXCM saw the demand for this platform early on and has added it to its suite of platform offerings.

With FXCMs newest MT4 offering, it has taken the next step to providing, what it believes to be, the best MT4 trading experience in the marketplace. FXCM has added new trading features like micro lots (0.01 trade sizes), max deviation, and the ability for MT4 traders to use FXCMs mobile products so MT4 traders can trade anytime and anywhere*.

FXCM is most excited about the seamless integration of the MT4 platform with its No Dealing Desk forex execution, said Drew Niv, CEO of FXCM. This is our fastest, most improved version of MetaTrader 4 yet. MT4 is one of the most popular forex trading platforms on the planet. And when you pair it with FXCMs acclaimed No Dealing Desk forex execution, we believe that you have one of the best trading experiences available.

FXCM eliminated 3rd party bridge software, which, in turn, eliminated auto syncs and sped up order submission and execution. Traders who are currently using this platform with other brokers will see a big difference when trading on the new FXCM MT4. Due to MT4s seamless integration, traders will not only feel a faster trading experience, but will continue to experience no trading restrictions**, and all types of traders and expert advisors will be welcomed.

Since FXCM strives to be the number one destination for the MT4 community, over the next few months FXCM plans to add more resources and tools specifically for MT4 traders.

NEW FEATURES

    Create stop-loss and take-profit orders while creating market and entry orders.
    Choose to close a trade entirely, or scale out by closing a portion of it.
    Trade in micro lots (0.01 trade sizes).
    Control potential slippage with max deviation.
    Trade new currency pairs, such as: USD/ZAR, USD/SGD, USD/HKD, SGD/JPY, USD/TRY, EUR/TRY, USD/RUB, EUR/HUF, USD/HUF.


WHY MT4 WITH FXCM?

    Use any EA, even scalping EAs
    Free Virtual Private Server (VPS) access for qualified accounts.
    Unlimited access to DailyFX PLUS: forex trading signals, educational courses, and more.
    24-hour phone, chat, and e-mail support for MetaTrader 4 account holders.



Try the new MetaTrader 4 with FXCM today by signing up for a demo account.

For more information, or if you have any questions, please contact one of our specialists, who are available 24 hours a day, by live chat, by calling 1-888-503-6739, or by e-mail at info@fxcm.com.

Offline ninjaturtle

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Re: FXCM
« Reply #4 on: March 07, 2012, 07:23:58 AM »
AMAZING FXCM revenues for 2011...
Full-Year Highlights:
Full year revenues of $412.4 million, up 14% compared to 2010
Retail revenue per million of $96 per million
Retail customer trading volume for 2011 was $3.8 trillion, 19% higher than 2010
Institutional customer trading volume for 2011 was $1.2 trillion, 56% higher than 2010.

this inspite of the NFA fine
The ebb and flow of the Atlantic tides, the drift of the continents, the very position of the sun along its ecliptic. THESE are just a FEW of the things I control in my world!

Offline Cao0002

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Re: FXCM
« Reply #5 on: November 28, 2014, 08:18:46 PM »
  Hey all. I have been recently introduced to Forex and have been playing around with a demo account on FXCM for a couple of weeks now. I want to take the next step and open up a real account and see how it goes.

  However after doing some quick research i found out FXCM's got some pretty mixed-bad reviews from a lot of sites, mostly regarding slippage and bad customer service. I am wondering if it actually is the case or are people just sour about losing their money. Are they a good broker, and if not, do you guys have any recommendations?

Offline diyforexskills

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Re: FXCM
« Reply #6 on: November 29, 2014, 08:09:45 AM »
  Hey all. I have been recently introduced to Forex and have been playing around with a demo account on FXCM for a couple of weeks now. I want to take the next step and open up a real account and see how it goes.

  However after doing some quick research i found out FXCM's got some pretty mixed-bad reviews from a lot of sites, mostly regarding slippage and bad customer service. I am wondering if it actually is the case or are people just sour about losing their money. Are they a good broker, and if not, do you guys have any recommendations?

I left FXCM quite some time ago. If you are a US resident and want to be able to run hedged trades then FinFX has become popular. And of course Synergy is this Forum's sponsor and has been OK for me in the past. I also use AxiTrader, great customer service, but not available for US residents.

In my forthcoming trading program, FX for Me I make the following suggestions about choosing a broker.

Key things to look for are:

    That the broker is regulated by the Financial Regulator in the country from which they operate.
    That demo accounts remain open for as long as you want. Many brokers close demo accounts after one month unless you ask them specifically to keep them open.
    That they have no limits on the amount of funding you can withdraw from any live accounts. Some have a minimum withdrawal limit of some $200 which means that if your account ever drops to that level, you cannot withdraw the remaining amount.
    That they dont charge fees for depositing and withdrawing funds from live accounts.
    That they allow hedging (simply put that means having bot a Buy and a Sell trade open at the same time) US-based brokers are prohibited from allowing hedged trades.

I have accounts with several brokers and the one I have found most reasonable to deal with is AxiTrader. Unfortunately they no longer accept US-based clients and those from countries considered to be high risk. Nor do they offer deposit bonuses but dont be put off by that all bonus offers from brokers come with huge restrictions and conditions and effectively tie you up to that broker.


DIY ProTrader Signal Service https://www.diyforexskills.com/signal-service/

Testing Accounts
SuperHybrid Trader from EliteIT4U - https://www.fxblue.com/users/diybbtrader/printable (ignore trades prior to 04:00 27 Sep 21)

aiTrader from FXMath - https://www.fxblue.com/users/aitrader

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Offline Jason Rogers

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Re: FXCM
« Reply #7 on: December 04, 2014, 10:57:24 PM »
  Hey all. I have been recently introduced to Forex and have been playing around with a demo account on FXCM for a couple of weeks now. I want to take the next step and open up a real account and see how it goes.

  However after doing some quick research i found out FXCM's got some pretty mixed-bad reviews from a lot of sites, mostly regarding slippage and bad customer service. I am wondering if it actually is the case or are people just sour about losing their money. Are they a good broker, and if not, do you guys have any recommendations?

Hi Cao,

Welcome to the forum! :)

It's worth noting when reading online reviews that the vast majority of FXCM clients are pleased with our trade execution and customer service. That's why FXCM continues to grow even as other brokers have come and gone. For example, we recently acquired all of the MT4 accounts from another broker, but that deal only increased our total client equity by 5%. That means FXCM's current client equity is over 20 times larger than the amount we acquired from that other broker.

It's important to keep such relative size differences in mind when comparing us to other brokers. FXCM is many times larger than other brokers you may be comparing to us. We've also been in business since 1999 which makes us one of the oldest firms in what is still a relatively young industry. If less than 1% of our clients or past clients express a grievance about something, while that may seem like a large number of traders compared to other brokers (again, it would be represent about 20% of the accounts we acquired from that other broker), it's not as large when you consider the percentages.

That's not to say that we don't take such client feedback seriously. My role on forums is to answer questions about FXCM and address any potential concerns. You mentioned slippage, so you may be interested to know that slippage can be either positive or negative with FXCM. Positive slippage is when your order is filled at a better price than you requested, so you can benefit from the price improvement.

By contrast, some other brokers may still not provide positive slippage to their clients, while others may provide positive slippage on some order types, but don't provide it on other order types. Some brokers may re-quote their clients when the price moves in their clients' favor but fail to re-quote when the price moves against them. With FXCM, there are no re-quotes, and our clients receive the full benefits of any positive slippage that's available.

Below are the data from a total of 43,128,901 trades executed through FXCM over a six month period from August 2013 to January 2014. In those 6 months alone, FXCM clients benefited from over $15 million in positive slippage.

  • 73% of all orders had no slippage.
  • 15% of all orders received positive slippage.
  • 12% of all orders received negative slippage.
  • Over 60% of all limit and limit entry orders received positive slippage.
  • 53.32% of all stop and stop entry orders received negative slippage.

Notice how positive slippage is more common with limit orders, while negative slippage is more common with stop orders. That's due to the momentum of price movement when such order types are triggered. It's worth noting that the Market Range feature on our Trading Station platform and the Enhanced* Maximum Deviation feature on our MT4 platform allow FXCM clients to limit the amount of negative slippage they receive, while still enjoying the full benefits of any positive slippage that's available.


* On the MT4 platforms of some other brokers, the Max Dev feature is unavailable, or if it is available, then it will limit both your negative slippage and your positive slippage equally. By contrast, FXCM enhanced how Max Dev works on our MT4 platform allowing you to limit your negative slippage while still enjoying the full benefits of any positive slippage.

Offline cabash

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Re: FXCM
« Reply #8 on: December 05, 2014, 03:29:22 AM »
Hi Cao
Just in support of what Jason was saying.
I was one of the clients that had an IBFX account moved to FXCM (Aust) to a ECN commision account. At first I was unhappy, exactly because of the negative perception I had of FXCM. However my actual experience has been very positive. The forced move was very professionally carried out, and the MT4 trading experience since has been positive. Really good execution speed and I can confirm the existence of some positive slippage.
Definitely better trading conditions than the old IBFX account, and vastly better spreads. feel free to PM me if you want more info
Cheers Mark

Offline Jason Rogers

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Re: FXCM
« Reply #9 on: December 05, 2014, 05:19:29 PM »
Hi Cao
Just in support of what Jason was saying.
I was one of the clients that had an IBFX account moved to FXCM (Aust) to a ECN commision account. At first I was unhappy, exactly because of the negative perception I had of FXCM. However my actual experience has been very positive. The forced move was very professionally carried out, and the MT4 trading experience since has been positive. Really good execution speed and I can confirm the existence of some positive slippage.
Definitely better trading conditions than the old IBFX account, and vastly better spreads. feel free to PM me if you want more info
Cheers Mark

Thanks for your words of support, Mark. I'm glad to know the transition has worked out well for you.  8)

Offline Jason Rogers

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Re: FXCM
« Reply #10 on: August 26, 2021, 11:50:01 AM »
Did you know that now you can save money with our No Zero Rollover Promotion? With FXCM AU* there is no need to pay Rollover when you hold your trades overnight anymore.
Head to our website to know more or ask me here.

 

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