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  • #10,301
  • May 9, 2017 1:09pm May 9, 2017 1:09pm
Quoting civilpes2001
{quote} Hi Jason, Still you have not answered my question. The lot size per trade is the info I needed (Not the Order size). can you please confirm is it 5000 LOTS PER TRADE or is it something different. Regards, civilpes2001
Hi civilpes,

Thanks for clarifying your question, but the maximum trade size per order is not based on the number of lots. It is based on total order size and the maximum order size is 50,000k (50 million).

If you wanted to think of it in terms of number of lots then a maximum order size of 50,000k would be 50,000 micro lots, 5,000 mini lots, or 500 standard lots. We don’t restrict you to trading only a certain lot size in your account. You can trade any size in increments of 1k (micro lot) up to 50,000k.

Jason
  • #10,302
  • May 9, 2017 1:39pm May 9, 2017 1:39pm
Quoting Jason Rogers
Hi civilpes, Thanks for clarifying your question, but the maximum trade size per order is not based on the number of lots. It is based on total order size and the maximum order size is 50,000k (50 million).
civilpes, try asking this Fictional Character Jason Rogers, why?

For example, my trading platform has no such limit. Ask this FXCM Actor sitting in their cubical somewhere in Bannedville, USA, exactly why their Market Making firm does not have a larger line of credit with their bank(s) to be able to place what would be considered a relatively small order when compared to the actual sizes being traded on Interbank every single day of the week?


Quoting Jason Rogers
If you wanted to think of it in terms of number of lots then a maximum order size of 50,000k would be 50,000 micro lots, 5,000 mini lots, or 500 standard lots. We dont restrict you to trading only a certain lot size in your account. You can trade any size in increments of 1k (micro lot) up to 50,000k. Jason
Ask this Composite Fictional Character Jason Rogers, whether or not any of the liquidity providers having status on Interbank trades in sizes equivalent to "micro lots" and/or "mini lots?" He just posted a picture showing the alleged liquidity providers that FXCM allegedly delivers through its trading platform. Ask him if any of those liquidity providers have ever traded in micro or mini "lot" sizes?

Then ask him the big question - if those size transactions are not being accepted by a single liquidity provider anywhere on Interbank, then who acts as the counter-party to your trade on their platform and who provides the liquidity for such unconventional "lot" sizes?

If he tells you that FXCM aggregates orders prior to the fill, then ask him about Slippage. If he tells you that FXCM does not aggregate orders prior to fill, then ask him about Counter-Party.

Either way, their goose has been cooked and it is your responsibility (civilpes) to try your level best to graduate from Retail Hell.
The Event Horizon
  • #10,303
  • May 9, 2017 4:43pm May 9, 2017 4:43pm
Quoting iDouble
{quote} Try downright criminal. This broker should be banned from planet earth, not merely the United States of America. The fact that FXCM is alllowed on any reputable trading forum anywhere on earth is mind blowing to me. I don't understand how any forum owner can read the "indictment" and "judgement" against FXCM which is a clear matter I public record and still allow that Bucket Shop membership on it forum. For all the underhanded deceitful and betrayal of customer behavior FXCM has engaged in over the years, they deserve nothing but total banishment...
Yet people are still trading with them.When they were in US, it was one of only a few options. The ironic thing is these are folks outside of the US, where they actually have many great options, that are using this scam of a broker.
  • #10,304
  • May 9, 2017 6:01pm May 9, 2017 6:01pm
Quoting pipmaster77
{quote} Yet people are still trading with them.When they were in US, it was one of only a few options. The ironic thing is these are folks outside of the US, where they actually have many great options, that are using this scam of a broker.

I had a long standing small account with them used for testing and development purposes. I've flushed several thousand dollars through FXCM in various test programs over the years because I like the feel of live cash testing. However, I was never able to feel comfortable with them as a production broker. Not even close. I used their Bucket'ness to my advantage. It made my system more robust and able to handle a wider range of issues.

This is why I tell Traders that it is possible to cut their teeth on a Bucket - but to use the Bucket as a training camp to normalize a level of skill, knowledge and expertise that would otherwise be difficult to develop, merely because they might be able to open an account with $500k on a better platform (which I think is the wrong thing to do). One has to learn what not to do, before trading becomes normal and consistent. That work can and should be done with Buckets. Buckets force the Trader to develop skill, if they are truly serious about doing this for a living and as a lifetime career. In terms of generating revenue, I don't see another business that I would rather spend my time developing. So, Traders should learn to use the Bucket, because the Bucket is definitely going to use them.

Yes, there are better alternatives outside of US jurisdiction - even for US Traders, or at least alternatives that are no less damaging than what could have been found in the US. Regulators, have effectively killed retail FX in the US for all practical purposes, unless one thinks Forex.com and OANDA are good viable alternatives.

So, you are correct - for the purpose of "Retail FX" trading, there some decent non-US domiciled options out there, if an individual cared to do the homework. But, most Retailers don't like homework. They want something dropped into their lap most of the time and that's just not the road that leads to lasting success. This is a Business and that takes work to build and maintain. Unfortunately, this Business is also been infiltrated with an "Easy Money Gaming Mentality" that I've seen creep in over the past several years and that is completely the wrong mindset for any real serious Trader. And, brokers offering 10,000,000,000:1 leverage are mostly to blame for that (sarcasm intended).

It is a great Business. I just wish people on the Retail side took it more seriously. Maybe, I'm a bit too old fashion or nostalgic. Whatever. To each his own.
The Event Horizon
  • #10,305
  • May 10, 2017 2:57pm May 10, 2017 2:57pm
Quoting mizi123
You know what that what has happend has gone, if you are supitios about any virus format your pC install the platform from begaining and take care what you do in the future because Waren Buffet says: Risk comes from not know what you do! Chers bro
Definitely, thanks for the tip! Success.
  • #10,306
  • May 17, 2017 12:57am May 17, 2017 12:57am
Hi Jason,

does it FXCM disclose CFD rollover live rate day by day on its website or any other places?

thanks
  • #10,307
  • May 17, 2017 3:43pm May 17, 2017 3:43pm
Quoting OzGeorge
Hi Jason, does it FXCM disclose CFD rollover live rate day by day on its website or any other places? thanks
Hi George,

Yes, the rollover rates can be found in the Trading Station platform. The Simple Dealing Rates window will list the rollover for each product in the 'Roll S' and 'Roll B' columns. I circled the location in the screenshot. You can also find the same information listed in the Advanced Dealing Rates window in each quote box.

Attached Image (click to enlarge)
Click to Enlarge Name: rollover 2017-05-17_16-39-42.jpg Size: 85 KB


The rates are currently not listed on the website, but it's a good suggestion I will pass along to our web team.

Jason
  • #10,308
  • May 19, 2017 4:43am May 19, 2017 4:43am
Quoting iDouble
{quote} Hello Rob, Sorry, but I don't make public details about where I do production trading. However, I have always talked about using a retail platform for the purpose of cutting your teeth and for those that don't have several hundred thousand to open a small account with some of the lower end institutionals. Lower end in terms of initial account balance. I would trust LMFX at the retail level based on my investigation of them. I would trust Swissquote Bank AG, again at the retail level. LMAX and TickMill might be two more I would trust at the...
Thanks for the info idouble,
I will review the brokers you suggest and check your previous post.
I understand the problem with getting access to an institutional platform having tried :- 0
  • #10,309
  • May 25, 2017 3:34pm May 25, 2017 3:34pm
Please note the holiday hours for certain CFD products next week due to the Memorial Day and Dragon Boat Festival holidays. All times are in New York EST.

Attached Image (click to enlarge)
Click to Enlarge Name: holiday calendar 2017-05-25_16-31-48.jpg Size: 102 KB


Weekly forex trader hours remain the same.
  • #10,310
  • May 25, 2017 7:40pm May 25, 2017 7:40pm
Quoting Jason Rogers
{quote} Hi George, Yes, the rollover rates can be found in the Trading Station platform. The Simple Dealing Rates window will list the rollover for each product in the 'Roll S' and 'Roll B' columns. I circled the location in the screenshot. You can also find the same information listed in the Advanced Dealing Rates window in each quote box. {image} The rates are currently not listed on the website, but it's a good suggestion I will pass along to our web team. Jason
Hi Jason,

thanks for your reply. Do the stock index dividends include in the rollover rate? or an extra plus?
http://help.fxcm.com/uk/Product-Guid...Index-CFDs.htm
  • #10,311
  • May 31, 2017 12:43pm May 31, 2017 12:43pm
Quoting OzGeorge
{quote} Hi Jason, thanks for your reply. Do the stock index dividends include in the rollover rate? or an extra plus? http://help.fxcm.com/uk/Product-Guid...Index-CFDs.htm
Hi George,

Dividends are included in the rollover amount listed in dealing rates window. The dividend table in the link you mentioned will display the dates when you can expect dividends to impact rollover for stock indices along with an indication of whether the dividend amount is expected to be high, medium, or low. The exact amount can't be released ahead of time since it is proprietary dividend information from a third party which cannot be released prior to the index issuing the dividend, but we give you a range based on the past 12 months of dividend data.

Jason
  • #10,312
  • Jun 5, 2017 1:12am Jun 5, 2017 1:12am
I just traded USOil before. On good profit but closed by API.
Is it always like that way cause its futures?
RIP RTM
  • #10,313
  • Jun 5, 2017 3:36pm Jun 5, 2017 3:36pm
Quoting hendzwoter
I just traded USOil before. On good profit but closed by API. Is it always like that way cause its futures?
Hi hendzwoter,

The USOil and UKOil CFD products will have an expiration date as they track the underlying futures product. The underlying instrument for UKOIL is Brent Crude which is traded on the ICE Futures Europe, and the underlying instrument for USOil is West Texas Intermediate Crude Oil which is primarily traded on the New York Mercantile Exchange. If you have positions in USOil or UKOil at the end of expiry time, all positions will be automatically closed and profits/losses realized in your account. The CFD expiration calendar for USOil, UKOil and other expiring CFD products can be found on the website https://docs.fxcorporate.com/user-gu...xpirations.pdf

Jason
  • #10,314
  • Jun 5, 2017 7:23pm Jun 5, 2017 7:23pm
Ow I see hehe thx
RIP RTM
  • #10,315
  • Jun 16, 2017 4:18am Jun 16, 2017 4:18am
Hy Guys
i'm using an hedging EA since a week on an account with FXCM and i notice strange things happening: orders opened at different prices of the EA in order to tilt the EA. When prices comes close to open new positions for the EA it seems that the new position is opened really fast unless it is a closing position; then the price has to exceed the level so much to get the execute of the order.
Have you got evidence that this broker doesn't like hedging EA??
Thanks a lot for your help
  • #10,316
  • Jun 16, 2017 5:49am Jun 16, 2017 5:49am
Hi Jason,

i received an email from FXCM saying that the fee for the VPS-Service will be changed.

One of the possibilities to avoid the fee is:
"The account has a minimum capital of 20000 units of your base currency at the time of fee collection."

a) Does that mean if my base currency is Euro i should have now 20000 Euros in my account"
b) MT4 gives me 3 possibilities:
- Balance
- Equity
- Free Margin
Which one of the 3 should be at least 20000 Euros?

Thank you.
  • #10,317
  • Jun 16, 2017 9:11am Jun 16, 2017 9:11am
Maybe it's just me, but I don't understand why anyone still trusts and wants to work with this broker after they were exposed for their fraudulent practices and banned from the US.
  • #10,318
  • Jun 16, 2017 1:15pm Jun 16, 2017 1:15pm
Quoting Madinvestor
Maybe it's just me, but I don't understand why anyone still trusts and wants to work with this broker after they were exposed for their fraudulent practices and banned from the US.
Hi Mad,

Maybe it is . FXCM had over 128,000 active accounts(1) as of our latest monthly metrics release and $213 billion in trading volume (2).

We believe our execution study makes it fairly evident on why we stand behind our NDD forex execution and traders continue to choose FXCM.

FXCM completed a study that examined the quality of execution for FXCM LTD client orders versus the three largest FX trading venues globally, venues widely considered to represent the benchmark for reliable FX pricing. The results of this study show FXCM LTD retail client order prices to be better than the Futures Market and Interbank Market prices for FX (3). The results show FXCM's execution of orders provide customers significant advantages for FX.

STUDY CONCLUSIONS
FXCM LTD was equal to or better than the quoted futures price 81.34% of the time compared to the spot equivalent quoted futures prices on the CME leading to potential savings of $42,529,156 for FXCM LTD clients.

Attached Image


FXCM LTD was equal to or better than the quoted interbank market price 94.84% of the time compared to the spot equivalent quoted interbank market price leading to potential savings of $114,588,455 for FXCM LTD clients.

Attached Image


This is but a very small portion of the very detailed execution study presentation and FAQ you should read through.

And while execution is important, it is but one of the many reasons including 24 hours customer support, award winning trading platform, execution transparency, etc. that traders continue to choose us and why we continue to release new and exciting products and services for our clients.

Jason


(1) An Active Account represents an account that has traded at least once in the previous twelve months and represents total trading accounts for both retail and institutional.
(2) Volume that FXCM customers traded in period is translated into US dollars.
(3) The study does not in away way attempt to represent that FXCM maintains a particular capacity or performance level. The figures in this study are provided for information purposes only, and are not intended for trading purposes or advice. FXCM is not liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Past results are not indicative of future performance.
Material Assumptions

FXCMs Retail Clients are defined as individual, joint, and corporate accounts trading on our retail price stream.
The comparison to each of the Futures and Interbank data is made at the time that the FXCM client order is executed. Normal market slippage and slippage due to rejections by liquidity providers are already included by the time the FXCM client order is executed. However, there is an assumption that there is no slippage on the Futures or Interbank market data.

In order to maintain consistency, Futures Market data and Interbank data used the same acceptable ranges in market trades. The summary of findings is based on the assumption that the maximum acceptable difference between the FXCM price and the Interbank/Futures market price is 5 pips in either direction.
Fees that a participant would pay on the Futures or Interbank market, such as CME Exchange Fees, FCM Fees, Clearing Fees, and other commissions, were excluded from the study. Similarly, FXCM Commissions are excluded from the study.
  • #10,319
  • Jun 16, 2017 1:17pm Jun 16, 2017 1:17pm
Quoting enndep
Hy Guys i'm using an hedging EA since a week on an account with FXCM and i notice strange things happening: orders opened at different prices of the EA in order to tilt the EA. When prices comes close to open new positions for the EA it seems that the new position is opened really fast unless it is a closing position; then the price has to exceed the level so much to get the execute of the order. Have you got evidence that this broker doesn't like hedging EA?? Thanks a lot for your help
Hi enndep,

Whether you hedge trades manually or using an EA does not matter to us. You can trade however you please.

If our support team can be of assistance, please feel free to send me a private message or email ( jrogers AT fxcm DOT com ) and I would be happy to connect you with the right person.

Jason
  • #10,320
  • Jun 16, 2017 1:18pm Jun 16, 2017 1:18pm
Quoting jogi100
Hi Jason, i received an email from FXCM saying that the fee for the VPS-Service will be changed. One of the possibilities to avoid the fee is: "The account has a minimum capital of 20000 units of your base currency at the time of fee collection." a) Does that mean if my base currency is Euro i should have now 20000 Euros in my account" b) MT4 gives me 3 possibilities: - Balance - Equity - Free Margin Which one of the 3 should be at least 20000 Euros? Thank you.
Hi jogi,

Happy to clarify. It refers to the Equity in your account. The Equity should be at least 20000 Euros.

Jason
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