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Author Topic: FXCM - New MT4 Account with direct Integration to its ECN  (Read 110040 times)

Offline Jason Rogers

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Holiday Rollover
« Reply #45 on: May 01, 2012, 08:19:34 PM »
Hi Everyone,

Due to the Golden Week holidays in Japan, all Yen crosses will have 5 days worth of rollover interest today except for GBP/JPY which will have 6 days worth.

For example, that means if you buy 10k of GBP/JPY and keep the trade open through 5pm New York time today, you will earn $0.66 or 66 cents. On the flip side, if you sell 10k of GBP/JPY and hold that trade open through 5pm, you will pay $1.56. You can always check what amount of rollover you can earn or pay for holding a particular currency pair through 5pm by looking at the RollS and RollB on the Trading Station.



And to keep track of when holidays will affect the number of days of rollover, you  can look at the Rollover Calendar at DailyFX.com: www.dailyfx.com/calendar/rollover_calendar

Jason

Offline Jason Rogers

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Trade with Friends
« Reply #46 on: May 23, 2012, 06:46:30 PM »
Hi Everyone,

We've had a lot of traders ask for a way to easily share trades on Twitter and Facebook.  FXCM's Programming Services team has created a free app now available in the app store called Trade with Friends. The app will give you the option to automatically share your trades on Facebook and Twitter to discuss with friends or other traders.  Below is a screenshot of what the post will look like on Facebook and Twitter:




Here's a quick guide on how to setup the app to share your trades.


Step 1. Installation and Login


a. Click here to install Trade with Friends from FXCMapps.com.  When you land on the page, click the Purchase button at the top right.  The app is free, but you still need to click on "purchase" to go through the quick app store process to access the download file.  The installation works like other programs you have probably installed on your computer where you double click on the .exe file and go through the installation window that appears.

b. After completing the installation, double-click on the Trade with Friends icon on your desktop and enter your account login details. You will need an FXCM account login. If you don't have one yet, you can click here to register a free practice account.  If you look in the screenshot below, you will see what the Trade With Friends icon looks like on the left, and the actual program on the right once it has opened.




Step 2. Connecting to Facebook and Twitter

At the top left of the Trade with Friends app, click on Login and select Twitter. After selecting Twitter, an authorization box will appear for you to login to twitter.  FXCM is not able to see your twitter password when you give authorization.  The below screenshot shows buttons to click on and what will appear.




The same steps are used to authorize Facebook, but you would click on Login > Facebook instead.


Please note:  While FXCM keeps all of your trading information private, FXCMs privacy policy may not fully apply to clients exposing their own information publicly.  Trade With Friends app allows you to broadcast your trading details.  Users of this app make their own judgment about how much information and to whom they wish to share it with.  Lack of proper privacy controls can share information to unwanted individuals and/or parties.

Please feel free to reply with any questions about setting up the app, and I would appreciate any feedback you have about the app.

Jason

Offline captdon

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Re: FXCM - New MT4 Account with direct Integration to its ECN
« Reply #47 on: May 23, 2012, 07:36:32 PM »
Read about the fines,apparently the investors were "made whole"again,but thier meta4 is not available in my area,[after I demoed it for two weeks,ARRGH!! ] Not very well run from my standpoint as my address clearly stated where I was located.

Offline Jason Rogers

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CFD Trading Hours for Memorial Day Holiday
« Reply #48 on: May 25, 2012, 07:05:19 PM »
Hi Everyone,

Monday, May 28th is Memorial Day in the US. As usual, the forex trading hours will be unaffected. Below are the holiday trading hours for CFDs.

Times are in GMT


Have a great weekend!

Jason

Offline Jason Rogers

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Margins changing this weekend
« Reply #49 on: June 08, 2012, 04:20:58 AM »
Hi Everyone,

This weekend margin requirements on several currency pairs will be reduced. This is to account for the weakening of the Euro and other currencies relative to the US dollar. Basically, if you have a US-dollar denominated account, you will now have to put less money in dollars as margin for your open trades.

Below are updated minimum margin requirements for FXCM LTD (UK) and FXCM LLC (US) accounts.


Minimum Margin Requirements for FXCM LLC (US)

Click here for the expanded table


Minimum Margin Requirements for FXCM LTD (UK)

Click here for the expanded table


Note that the margin requirements for FXCM Australia and FXCM Canada are unchanged.

Jason

Offline Jason Rogers

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Re: FXCM - New MT4 Account with direct Integration to its ECN
« Reply #50 on: June 15, 2012, 09:43:57 PM »
Hi Everyone,

As a reminder, the Greek elections are being held Sunday, and there's a possibility it could cause immense volatility. Please factor this possibility into your trading going into the weekend with any positions you have open.

For more info about the elections, you can read this DailyFX article: http://www.dailyfx.com/forex/fundamental/article/weekly_spotlight/2012/06/14/CAUTION_Greek_Elections_Could_Spur_Immense_Volatility_Euro_Outlook_Unclear.html

Have a great weekend!

Jason

Offline Jason Rogers

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FXCM Currency Trading Expo in Las Vegas: November 2-4, 2012
« Reply #51 on: June 27, 2012, 03:02:38 AM »


FXCM will be hosting another currency trading expo in Las Vegas at the Rio on November 2-4, 2012. You can click here for a schedule of all the workshops.  Over 30 workshops are currently schedule, and we anticipate adding more in the weeks ahead.

I was there at last year's expo, and it was great getting to meet many of you. For those who didn't attend last year, you can click here for videos from last year's expo.  Let me know if you have any questions.

Jason
« Last Edit: July 13, 2012, 11:38:15 PM by Jason Rogers »

Offline Star

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Re: FXCM - New MT4 Account with direct Integration to its ECN
« Reply #52 on: July 11, 2012, 05:31:09 PM »
Hi Jason,

I am sure that you have heard about PFG Best Bust.How can FXCM clients make sure  that all of the customer funds that are supposed to be in a segregated account are actually there ?

Offline Jason Rogers

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Re: FXCM - New MT4 Account with direct Integration to its ECN
« Reply #53 on: July 13, 2012, 09:03:54 PM »
Hi Jason,

I am sure that you have heard about PFG Best Bust.How can FXCM clients make sure  that all of the customer funds that are supposed to be in a segregated account are actually there ?

Hi Star,

I understand your concerns. It's very disappointing to see something like this occur with PFG since it erodes confidence. Hopefully this will focus the regulators' attention on putting the measures in place to give futures and forex traders peace of mind with whichever broker they are trading with. FXCM has always taken steps to provide as much financial information as possible to our traders. This included releasing our quarterly balance sheet information before we were even a publicly traded company.  And now that we are publicly traded on the New York Stock Exchange (NYSE: FXCM), you can review our audited SEC filings http://ir.fxcm.com/phoenix.zhtml?c=238885&p=irol-sec

This gives you a more transparent view of our finances than by having access to only the CFTC FCM data that you have to go by with non-public brokers.

Jason
« Last Edit: July 13, 2012, 09:06:21 PM by Jason Rogers »

Offline Jason Rogers

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Re: FXCM Currency Trading Expo in Las Vegas: November 2-4, 2012
« Reply #54 on: July 13, 2012, 11:44:09 PM »


FXCM will be hosting another currency trading expo in Las Vegas at the Rio on November 2-4, 2012. You can click here for a schedule of all the workshops.  Over 30 workshops are currently schedule, and we anticipate adding more in the weeks ahead.

I was there at last year's expo, and it was great getting to meet many of you. For those who didn't attend last year, you can click here for videos from last year's expo.  Let me know if you have any questions.

Jason

Hi Everyone,

I have an update on the FXCM Expo to be held in Las Vegas from Friday, November 2nd to Sunday, November 4th. E*TRADE has signed on as the premier sponsor and will be conducting workshops on Stocks, Options and Futures trading.



You can click here for the latest schedule of events. I will keep you posted as new workshops are added to the lineup.

Hope to see you in November!

Jason

Offline Jason Rogers

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FXCM has Ninja Trader
« Reply #55 on: July 19, 2012, 12:37:33 AM »
Hi Everyone,

For those of you who've asked me about it in the past, I wanted to let you know that we've officially opened beta testing for Ninja Trader. You can sign up by visiting this webpage and clicking on the Ninja Trader section. A form will appear for you to request entry into the beta.

Jason

Offline Star

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Re: FXCM - New MT4 Account with direct Integration to its ECN
« Reply #56 on: July 19, 2012, 04:01:19 AM »
Hi Jason,

According to this independant review http://www.zerohedge.com/news/first-mfglobal-now-pfg-who-next FXCM is all the way down in the bottom of ratings,right next to PFG Best and we all know what happened to PFG Best now.
What is the reason for FXCM`s very low rating ? If you could provide a detailed response it would be greatly appreciated.

Offline Jason Rogers

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Re: FXCM - New MT4 Account with direct Integration to its ECN
« Reply #57 on: July 20, 2012, 12:02:42 AM »
Hi Jason,

According to this independant review http://www.zerohedge.com/news/first-mfglobal-now-pfg-who-next FXCM is all the way down in the bottom of ratings,right next to PFG Best and we all know what happened to PFG Best now.
What is the reason for FXCM`s very low rating ? If you could provide a detailed response it would be greatly appreciated.

Hi Star,

Thanks for the post and I would be happy to give some feedback as we've had a couple traders asking about it.  From what I've heard, Atlas is an independent ranking created by two guys in Bulgaria.  I can completely understand why someone would want to create this type of ranking in light of PFG and MF Global going down, but there's a big flaw in that most of the companies on this report are privately held so Atlas can't judge the true financials of each broker in terms of how much total capital they have, whether they are turning a profit or a loss, whether capital is held in other jurisdictions the broker is regulated in, who audits the firm, who owns the firm, etc. 

Just to give you one example, PFG was given a higher transparency rating than FXCM and yet they were a company privately held by 1 person and audited by a firm run out of a house in the Chicago suburbs, while FXCM is a publicly traded company with publicly available financials and audited by Ernst and Young, one of the big 4 auditors.  Does this seem flawed to you?

Looking solely at the CFTC FCM financial data, which their rating is based upon, gives you a narrow view of FXCMs finances since we are regulated in multiple jurisdictions each with their own capital requirements. Only approximately 10% of FXCMs volume comes from the US; therefore, FXCM is only required to keep a small portion of its $221 million in capital, as of our last quarterly statement, within the US regulated entity.

As a publicly traded company on the NYSE, FXCMs financial statements give our traders the transparency that many other brokers cannot offer as a privately held company or at best through the very limited CFTC financial data. So by all means, ask your broker for their financials. You can find our financial information on any financial portal by searching for ticker symbol FXCM such as on Marketwatch http://www.marketwatch.com/investing/stock/fxcm .  You can go through all the publicly available information on Yahoo Financial, but I have also put together a few tables showing you our quarterly net income and balance sheet to give you an idea of our financial standing:




So unlike many of our competitors out there, FXCM is a publicly traded company which gives you a lot more insight into our financial standing than the CFTC FCM data and a subject rating scale.

-Jason

Offline jshear

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Re: FXCM - New MT4 Account with direct Integration to its ECN
« Reply #58 on: July 20, 2012, 12:36:41 AM »
Great post Jason!! I love to know I can sleep at night knowing my money is safe at FXCM. I already knew that as I have done my homework  and monitor FXCM filing online!! Keep up the good work Jason!!


Cheers

Jeff

Offline GoldenBoy

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Re: FXCM - New MT4 Account with direct Integration to its ECN
« Reply #59 on: July 20, 2012, 11:22:59 AM »
Great post Jason!! I love to know I can sleep at night knowing my money is safe at FXCM. I already knew that as I have done my homework  and monitor FXCM filing online!! Keep up the good work Jason!!
Cheers
Jeff

Not that I think that there is anything wrong with FXCM.
But that's exactly what the clients of MF Global and PFG Best thought before the sh*t hit the fan.
No Fear........Just Greed.

 

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