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FXCM Discussion

  • #10,341
  • Jul 12, 2017 12:56pm Jul 12, 2017 12:56pm
Quoting raaammy
Hi Mozak, Are you using MT4 or Marketscope? My experience of Marketscope is great, but their MT4 platform gave me endless problems - both demo and real account.
i,m using mt4. what is market scope ?
3Some Candle TacticaL
  • #10,342
  • Jul 12, 2017 1:11pm Jul 12, 2017 1:11pm
Hi Mozak,

fxcm have two trading platforms one is the MT4 which gave me (and others) endless problems, and Maketscope which is so smooth and works perfectly. In the end I moved to ProRealCharts with IG in the UK.
  • #10,343
  • Jul 12, 2017 1:54pm Jul 12, 2017 1:54pm
Quoting Mozak
{quote} i,m using mt4. what is market scope ?
Hi Mozak,

What's happening when you try to close an order? Let me know and I can help.

Marketscope is the charting package found inside our Trading Station platform. Trading Station is our own platform created by FXCM.

Jason
  • #10,344
  • Jul 12, 2017 2:25pm Jul 12, 2017 2:25pm
Quoting Mozak
i just open demo acc on fxcm, but what so hard/dificult to close profit order.... why ?... i can not imagine if thats case happen on real acc.
I saw that several times trading with those crocks on my live account. It's all part of their strategy to cheat retails traders. Again, do your homework and be aware that you're wasting your time and money with FXCM. They are plain criminals.
  • #10,345
  • Jul 12, 2017 2:25pm Jul 12, 2017 2:25pm
Quoting Jason Rogers
{quote} Hi Mozak, What's happening when you try to close an order? Let me know and I can help. Marketscope is the charting package found inside our Trading Station platform. Trading Station is our own platform created by FXCM. Jason
Failed to close profit position manualy by clicking " X " sign.

Before I made closed position by setting TP and no problem .
3Some Candle TacticaL
  • #10,346
  • Jul 12, 2017 4:05pm Jul 12, 2017 4:05pm
Quoting Jason Rogers
{quote} Hi Mozak, What's happening when you try to close an order? Let me know and I can help. Marketscope is the charting package found inside our Trading Station platform. Trading Station is our own platform created by FXCM. Jason

Let's see first if the error coming from Internet connection. I ll send u massage if error still persiste
3Some Candle TacticaL
  • #10,347
  • Jul 12, 2017 4:38pm Jul 12, 2017 4:38pm
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting Mozak
{quote} Failed to close profit position manualy by clicking " X " sign. Before I made closed position by setting TP and no problem .
I had the same problem with FXCM on MT4. TradingStation was okay
  • #10,348
  • Jul 18, 2017 9:40am Jul 18, 2017 9:40am
FXCM sued after canceling trades that netted $460,000

Quote
The company had earlier banned her husband from trading CFDs because they suspected him of gaming the platform.

You're a multi-million dollar company with a $151 million dollar regulatory capital reserve and $725 million in customer equity. Your Q3 revenues were $61.4 million and yet you're saying you can't secure your own platform?

Unbelievable, not sure why anybody is still using FXCM. They're just filled with controversy like this.
FXCM sued after canceling trades that netted $460,000
  • #10,349
  • Jul 18, 2017 11:42am Jul 18, 2017 11:42am
Quoting Mozak
{quote} Let's see first if the error coming from Internet connection. I ll send u massage if error still persiste
Please don't be naive. Read why FXCM was banned.
  • #10,350
  • Aug 6, 2017 11:42am Aug 6, 2017 11:42am
I highly recommend FXCM marketscope DEMO for charting only. That's the best thing this scam of a broker has ever come out with. I do NOT recommend the demo for practicing as it's as garbage as the live account. These guys turn you off just by trying their demo and they expect you to open a real account with them after you have been scammed with your paper money ROFL! I think at this point their goal is to scam as many people as possible before their inevitable global shutdown. Then they cash out and retire (hopefully in jail).
  • #10,351
  • Aug 6, 2017 4:40pm Aug 6, 2017 4:40pm
Quoting trickshady
I highly recommend FXCM marketscope DEMO for charting only. That's the best thing this scam of a broker has ever come out with. I do NOT recommend the demo for practicing as it's as garbage as the live account. These guys turn you off just by trying their demo and they expect you to open a real account with them after you have been scammed with your paper money ROFL! I think at this point their goal is to scam as many people as possible before their inevitable global shutdown. Then they cash out and retire (hopefully in jail).
"scammed with my paper money"? Seriously? How would this benefit FXCM?
  • #10,352
  • Aug 6, 2017 11:31pm Aug 6, 2017 11:31pm
Yes it blows my mind how terrible this broker is. Try marketscope demo. During the slightest increase in volatility they hype up spreads hard and it does not show on the spread tab. If price moves like 10 pips in 2-3 sec they will increase spread. If price is moving fast and hits ur tp/sl, it will continue for another 5-20 pips before the trade closes. Most times it doesnt even close if it goes 3-5 pips past your TP. If you close your trade at any given price manually during stronger moves (not news) you will get robbed pips. It shows you closed it earlier. The stop hunting is also real. I've never seen spikes like fxcm on other brokers. Many times your SL gets hit when price is 5-10 pips away from it. And yes, this is all on demo, blows my mind!!!
  • #10,353
  • Aug 7, 2017 5:54pm Aug 7, 2017 5:54pm
Anyone know why I can't trade GBP/CAD with FXCM at the minute? Trying to place an entry order but can't. If I try to place a market order I'm getting a message saying trading is closed? All other pairs seem to be ok. ???
  • #10,354
  • Aug 8, 2017 10:46am Aug 8, 2017 10:46am
Hi Jason!

I am in Pakistan and want to open FXCM mini account of 500 USD.

I went to Standard Chartered Bank to open USD account to transfer/deposit funds to my fxcm account but they (the bank) say that funds cannot be transferred to international account from an individual bank account in Pakistan.

Last year I made an fxcm account and tried depositing funds from my PKR account from the same bank using my Debit Card but it wasn't successful.

Please help as to what should I do.


Umair
  • #10,355
  • Aug 10, 2017 10:02am Aug 10, 2017 10:02am

  1. https://cdn-assets.forexfactory.net/...ar457803_1.gif umairkhd
  2. | Joined Apr 2016

Hi Jason!

I am in Pakistan and want to open FXCM mini account of 500 USD.

I went to Standard Chartered Bank to open USD account to transfer/deposit funds to my fxcm account but they (the bank) say that funds cannot be transferred to international account from an individual bank account in Pakistan.

Last year I made an fxcm account and tried depositing funds from my PKR account from the same bank using my Debit Card but it wasn't successful.

Please help as to what should I do.


Umair

  • #10,356
  • Aug 10, 2017 12:27pm Aug 10, 2017 12:27pm
Quoting umairkhd
https://cdn-assets.forexfactory.net/...ar457803_1.gif umairkhd | Joined Apr 2016 Hi Jason! I am in Pakistan and want to open FXCM mini account of 500 USD. I went to Standard Chartered Bank to open USD account to transfer/deposit funds to my fxcm account but they (the bank) say that funds cannot be transferred to international account from an individual bank account in Pakistan. Last year I made an fxcm account and tried depositing funds from my PKR account from the same bank using my Debit Card but it...
Hi Umair,

Welcome to the thread and thanks for letting me know about this. I believe our operations department has dealt with situations like this and can help. If you could please send me an email directly at jrogers (at) FXCM (dot) com with your account number and I will have our operations team help with the account funding.

Jason
  • #10,357
  • Aug 11, 2017 1:11pm Aug 11, 2017 1:11pm
Thanks.

email sent!

hoping for a possible solution.

Umair
  • #10,358
  • Aug 12, 2017 12:05pm Aug 12, 2017 12:05pm
Attached Image
Attached Image

source 10-Aug-2017: https://www.leaprate.com/forex/broke...s-big-trouble/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #10,359
  • Aug 14, 2017 12:16am Aug 14, 2017 12:16am
Quoting Phylo
source 10-Aug-2017: https://www.leaprate.com/forex/broke...s-big-trouble/
"But things are more complicated than that, beyond the fact that an event of default of the Convertible Notes at GLBR could trigger a similar event of default for the Leucadia loan at FXCM."

"If that doesnt happen by October 30 (still two and a half months away), and GLBR gets delisted as expected, then that triggers a Fundamental Change as defined by the indenture governing GLBRs Convertible Notes, which could require the company to repurchase all its outstanding $172 million of Convertible Notes for cash. Cash, which it doesnt have. Wed also note that a default on the Convertible Notes (at the GLBR Company) could also lead to an event of default under the Leucadia loan (which is at the operating company level, with FXCM)."

Yikes! Even after the sale of FastMatch FXCM will probably be around $77-87 million short of repaying their loan to Leucadia that must be paid in full this coming January 2018. That debt currently stands at about $122 million. I don't know if FXCM has anything else to sell to fully repay the Leucadia debt. That's not even counting this new outstanding $172 million of Convertible Notes problem that FXCM is facing if it can't get its stock up to at least around $2.45 per share for ten consecutive days. So no matter how FXCM tries to sugar coated it's looking very bad. I wonder if Leucadia will completely gut FXCM next year in some type of fire sale, it will be up to them to do whatever they want. If you still have substantial funds with FXCM I hope you enjoy hazardous rollercoasters...
  • #10,360
  • Aug 14, 2017 1:04am Aug 14, 2017 1:04am
hi Jason,

I was trading with you guys in UK as I was staying in UK, but right now I am in India, and I will be moving to Canada permanently. how can I withdraw my funds or deposit funds to my UK fxcm account while i am canada. please advice.
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