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Thread: FXCM Discussion

  1. #1
    I downloaded metatrader from place trader(coefx.com), its pretty good, doesn't fail. FXCM demo is being used by me. I started a trade on the eur/jpy. Ihad the stop loss at 149.99. Now the chart never left it to 149.99 however, the FXCM chose to stop me in 149.99. I even downloaded some free FXCM charts from their website to see whether the chart they've indied the price touched 149.99 later I began my trade. It did not. I staeted my trade just 5 pm US central time(9pm GMT). Another trade stopped me in 149.98, also Eur/Jpy yet it never reached that from the chart. The most it reached after I began my trade was 149.97.

    The red arrow is when I got my signal(8emacrossing 51ema). The red tick is when I entered the trade and yet it stopped me at .99 although it never reached it following my entry according to both the metatrader along with the fxcm free charts.

    7251715 00395016 EUR/JPY 200 S 149.94 149.99 -10 -83.50 0.00 0.00 10/11/2006 19:07 10/11/2006 19:17

    7251479 00395016 EUR/JPY 200 S 149.90 149.99 -18 -150.30 0.00 0.00 10/11/2006 18:45 10/11/2006 19:02


    Whats going on here?

  2. #2
    Quote Originally Posted by ;
    quote Hello Rob, Sorry, but I do not make public information about where I do production trading. However, I have always discussed having a retail platform with the intention of cutting your teeth and for the ones that don't have a few hundred thousand to open a small account with a few of the lower end institutionals. Lower end concerning first account balance. I would trust LMFX in the retail level according to my investigation of those. I would trust Swissquote Bank AG, again in the retail level. LMAX and TickMill might be just two more I would trust at the...
    Thanks for the information idouble,
    I will review the brokers that you suggest and check your previous article.
    I understand the problem with gaining access to an institutional platform with tried :- 0

  3. #3
    I recently opened an account with FXCM so that I could make use of the ninja trader platform ,they're partnered with ninja trader .
    My account fees are pips spread plus 6p per $1000 lot entry and on exit .
    My platform is set to incorporate these fees in my receptive profit and loss during a live commerce .
    This is my difficulty after a few evaluation transactions with $1000 lot size .
    When I shut a small losing commerce the open profit/loss is subsequently correctly reported as realised profit loss with the right figures .
    When I shut every single successful commerce roughly 20 % of my receptive profit /loss immediately disappears and this is subsequently reported as realised profit loss .

    Example I had 1000 lot with receptive p/l 5.20 upon closing this place with limit order at a slow moving market my realised was 4.20 .
    Every profitable commerce is like this far .

    I''m trading micro just to test the platform ,no intention of incorporating trading or funds bigger according to my current experience .

    Has anybody got any similar issues ?
    If this is working as intended then I believe I will have to look for another broker that just charges the fees promoted and not the inclusion 20%
    Any hints appreciated .

    I'hope this can be resolved but based on the negative comments on this I won't hold my breath

  4. #4
    Hi Jason

    I see you've got bit of a bargain going on new spread betting accounts in the UK. What happens after 30 March 2018? Do the spreads return up again or does the finish then for new accounts?

    FXCM is currently supplying new reduced spreads on Spread Betting accounts available from 22 October 2017 to 30 March 2018. Whether you start a Mini, Standard, or Active Trader account, you can have access to those new low spreads and exchange the average spread of EUR/USD for as low as 0.7 pips, the GBP/USD for as low as 0.9 pips, or even the USD/JPY for as low as 0.7 pips. Https://docs.fxcorporate.com/TermsandConditions.pdf use to the Promotion.

  5. #5
    Quote Originally Posted by ;
    Hello. Jason rogers. I am an user of FXCM and that I like Trading Station II. One question. How can I get historical chart data to show from the marketscope? I just can not discover the way to do it and the current data is quite limited for me because I use 1m and 5m charts. Thank you!
    Hello socramalb,

    Welcome to the forum. Yes, here is the way to do it. In the Marketscope chart click File gt; Produce Chart. From the window that appears, select 'Other' to your date range and also the Date from and Date to choices will become active so you can decide on the historical period you need to look at. Below is a screenshot.



    This will help you with historical chart analysis. If you want to export large amounts of historical information, then I would suggest using the Historical Data Downloader because Marketscope will only load approximately 15k candlesticks per period requested https://www.fxcmapps.com/apps/basic-...ta-downloader/.

    Jason

  6. #6
    Quote Originally Posted by ;
    I'm utilizing fxcm mt4 platform and it sucks it won't allow me to shut or put position when market is active.... Oanda is much superior than fxcm. I also tried pepperstone, they're much better than heaps and fxcm of their people continue calling for sales discussions that are different. sad. I place 150 dollars into my account...
    Hi sideway,

    I'm sorry to hear you're having issues with the MT4 platform in your computer. I will PM you so our technical support team can help identify what is going on to find a solution.

    Jason

  7. #7
    I am using fxcm mt4 platform and it sucks it will not let me close or place position when market is active.... Oanda is much superior than fxcm. Additionally, I attempted pepperstone, they're much better than fxcm and heaps of their people continue calling for different sales discussions. sad.

    I place 150 dollars into my account...

  8. #8
    Quote Originally Posted by ;
    Hi Jason would you tell me if FXCM in the united kingdom is increasing their margin rates for spread betting (retail investors). IG has said in july they're raising their margin rates because of ESMA rules 10X on indexes and various on other people by a lot. The rules can be by passed by you if you've worked in the industry or have 500k sitting in investments somewhere.
    Hello djxput,

    Any broker that finally falls under ESMA supervision could possibly be influenced by the new leverage rules, that includes FXCM UK. FXCM UK will have to apply the rules.

    For anybody not familiar with what djxput is speaking about, the European Securities and Markets Authority (ESMA) declared the following leverage rules on 27 March

    Quote Originally Posted by ;
    . . .The product intervention steps ESMA has consented under Article 40 of the Markets in Financial Instruments Regulation comprise:

    1. Leverage limits on the opening of a situation by a retail client from 30:1 to 2:1, which vary based on the volatility of the30:1 for major currency pairs; 20:1 for non-major currency pairs, gold and major indices; 10:1 for commodities other than gold and non-major equity indices; 5:1 for stocks and benchmark values; 2:1 for cryptocurrencies; ...
    the entire release can be found on https://www.esma.europa.eu/press-new...tail-investors.
    The new rules impact retail customers, and you are right that if you may meet specific qualifiions to be classified as a professional client, then you can 'reevaluate' the rules. It should be noted that the new rules such as the EU region don't impact FXCM Australia which is controlled by ASIC.

    A formal date for if rules will occur was not declared. Instead a general deadline was granted:

    Quote Originally Posted by ;
    ESMA plans to adopt these steps in the languages of the EU in the coming weeks, following which ESMA will print an official notice on its site. The steps are then going to be published in the Official Journal of the EU (OJ) and will begin to apply 1 month, for binary alternatives, and two weeks, for CFDs, following their publiion in the OJ.
    So that you're considering at least a couple of months prior to changes would occur. That's all the information I have right now for you. We will have more information in the weeks beforehand, after it's available and I will post it for you.

    Jason

  9. #9
    Quote Originally Posted by ;
    if you would like to find out more about fxcm.plesae check this connection they're at scam department. Http://www.forexbastards.com/fxcm.shtml
    I'd be tired of a review site ran by someone who's marketing their own product.

    My 2 pennies.

  10. #10
    Quote Originally Posted by ;
    yep,you absolutly exactly what you mentioned here,as became my account larger,they did eveything to get account on guide, my freind did create 9000 euro,on position was open on gbp he is trading abig lots,guss what platform does,t recorded this position after he closed it.he called them to inform it,they said no position was opened in any way.
    Well, thanks for the guie, I'll monitor all of my transactions to make certain it doesn't occur to me. When they feel the necessity to place me on guide, I will close the account. Aside from that, I am good for now.

    Hope that our trade has helped the bigmo outside in some way?!

    -Jim

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