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FXCM Discussion

  • #10,681
  • Nov 28, 2018 3:47pm Nov 28, 2018 3:47pm
Quoting engweijie
Hi guys, I've been looking to switch brokers and FXCM is one of the choices I have in mind, what's the general consensus on them so far? Just a quick question, what kind of trading volume should I be looking at to qualify as an 'Active Trader'? Currently I make anywhere between 15 to 25 trades per day (am an intra-day scalper), with position sizes of 1, not more than 2 lots per trade. Does FXCM have any particular stance on scalping (minimum position hold length, stop loss position distance and etc) that I should be made aware of? Thanks in advance,...
Hi engweijie,

to qualify for active trader you would need a minimum account equity of 25,000 and monthly notional volume of 50 million. Just one caveat, I notice your profile lists that you are trading from Singapore. We are unable to open an account from residents of Singapore since we are not regulated in Singapore. If you reside outside of Singapore and would like more information, feel free to send me a private message and I can have a member of our active trader team contact you.

A benefit of our enhanced execution is that there is no restriction on scalping. You can open and close trades as quickly as you want.

Jason
  • #10,682
  • Nov 28, 2018 3:50pm Nov 28, 2018 3:50pm
Quoting lordadry
does FXCM accept skrill for deposit and withdrawal?
Hi lordadry,

Yes, Skrill is an option for deposit and withdrawal in addition to credit/debit card, Union Pay, Neteller and bank wire. The various options and instructions can be found here https://www.fxcm.com/markets/deposit-funds/

Jason

Risk Warning: Losses can exceed deposits.
  • #10,683
  • Nov 28, 2018 9:39pm Nov 28, 2018 9:39pm
Quoting Jason Rogers
{quote} Hi pooh, Try the historical data downloader from the FXCM App Store https://www.fxcmapps.com/apps/basic-...ta-downloader/ Jason
Thank you Jason.
  • #10,684
  • Nov 29, 2018 12:01am Nov 29, 2018 12:01am
Quoting Jason Rogers
{quote} Hi engweijie, to qualify for active trader you would need a minimum account equity of 25,000 and monthly notional volume of 50 million. Just one caveat, I notice your profile lists that you are trading from Singapore. We are unable to open an account from residents of Singapore since we are not regulated in Singapore. If you reside outside of Singapore and would like more information, feel free to send me a private message and I can have a member of our active trader team contact you. A benefit of our enhanced execution is that there is...
Thanks for the reply Jason. I think my transactional volume would qualify but it is most unfortunate to hear that I can't register because of country restrictions.

Thanks again for the response!
You hesitate, you masturbate.
  • #10,685
  • Nov 29, 2018 10:42pm Nov 29, 2018 10:42pm
Do you know what is stop level for fxcm? If I am not wrong stop level is more than zero that conflict with my strategy.
  • #10,686
  • Nov 30, 2018 10:12am Nov 30, 2018 10:12am
Quoting mod-x
Do you know what is stop level for fxcm? If I am not wrong stop level is more than zero that conflict with my strategy.
Hi mod-x,

There are no restrictions on placing stops and limits. You can place the order as close to the current market price as you want.

Jason
  • #10,687
  • Dec 3, 2018 3:47pm Dec 3, 2018 3:47pm
Product Announcement - Three New CFDs Added

FXCM announced today that we have added three new CFD products which you can now begin trading. Those products are WHEATF and CORNF, which have the wheat and corn futures as their underlying reference*, as well as the Index CFD US2000, a cash based CFD of the Russell 2000 Index.

If you don't see the new products in the dealing rates window, you will need to add them via the subscription list in order to trade and view charts. From Trading Station Desktop click the Symbols button at the top of the platform, or if using Trading Station Web click on the Subscription List option in the menu on the left hand side of the platform.

Jason


*CME Group Market Data is used under license as a source of information for certain FXCM products. CME Group has no other connection to FXCM products and services as listed above and does not sponsor, endorse, recommend or promote any FXCM products or services. CME Group has no obligation or liability in connection with the FXCM products and services. CME Group does not guarantee the accuracy and/or the completeness of any market data licensed to FXCM and shall not have any liability for any errors, omissions, or interruptions therein. There are no third party beneficiaries of any agreements or arrangements between CME Group and FXCM.
  • #10,688
  • Dec 6, 2018 7:54am Dec 6, 2018 7:54am
The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered FXC Markets to immediately cease offering investment services and advice to German investors. BaFin stated that the two companies associated with the brand, CRLINK Limited and BT Systems LTD, are not authorised by it.

Both BaFIN and the British regulator FCA have previously warned that FXC Markets is a clone of FXCM and is taking advantage of its misleading name.

Be careful who you contact people, make sure you're talking to the real FXCM.
  • #10,689
  • Dec 14, 2018 5:47pm Dec 14, 2018 5:47pm
Quoting engweijie
Hi guys, I've been looking to switch brokers and FXCM is one of the choices I have in mind, what's the general consensus on them so far? Just a quick question, what kind of trading volume should I be looking at to qualify as an 'Active Trader'? Currently I make anywhere between 15 to 25 trades per day (am an intra-day scalper), with position sizes of 1, not more than 2 lots per trade. Does FXCM have any particular stance on scalping (minimum position hold length, stop loss position distance and etc) that I should be made aware of? Thanks in advance,...
Make your due diligence and you'll find out what FXCM is. To save you sometime, let me summarize it briefly: FXCM is a scam! Read why is was banned from the USA. But if still you don't believe me, be my guest and see for yourself by opening an account. Hopefully you won't lose too much. There is nothign like first hand experience anyway.
  • #10,690
  • Dec 14, 2018 6:31pm Dec 14, 2018 6:31pm
Quoting keen246
{quote} Make your due diligence and you'll find out what FXCM is. To save you sometime, let me summarize it briefly: FXCM is a scam! Read why is was banned from the USA. But if still you don't believe me, be my guest and see for yourself by opening an account. Hopefully you won't lose too much. There is nothign like first hand experience anyway.
I have good experience with them so I got to defend them a bit here...I've been making money with them and they have been very professional...Yeah they misguided people by saying they are True ECN but were dealing desk and got punished for it. But you got to know that 99% (only one I know that's legit is LMAX) of all brokers out there are dealing desks at some level if you dig deep enough. If you a losing newbie trader then almost all brokers will be on the other side of your trades no matter what they say. Scam is when broker has no regulation and folds shop and takes your money...imho Look deep enough into all these big ECN brokers, they are all market makers at some level.
  • #10,691
  • Dec 14, 2018 7:02pm Dec 14, 2018 7:02pm
Quoting Redbaron81
{quote} I have good experience with them so I got to defend them a bit here...I've been making money with them and they have been very professional...Yeah they misguided people by saying they are True ECN but were dealing desk and got punished for it. But you got to know that 99% (only one I know that's legit is LMAX) of all brokers out there are dealing desks at some level if you dig deep enough. If you a losing newbie trader then almost all brokers will be on the other side of your trades no matter what they say. Scam is when broker has no regulation...
Good for you! There isn't any experienced trader trading with FXCM. Why? Wait an see.
  • #10,692
  • Dec 14, 2018 8:25pm Dec 14, 2018 8:25pm
Quoting keen246
{quote} Good for you! There isn't any experienced trader trading with FXCM. Why? Wait an see.
Say who? Their monthly Volume is around 200 billion if you look it up...that's one of the biggest in the market. Of course they have tons of professional (experienced) as well as none professional traders.
  • #10,693
  • Dec 18, 2018 12:11am Dec 18, 2018 12:11am
Quoting Jason Rogers
NEW Trading Station Desktop update Attention Trading Station Desktop users: A new update is available for your platform. This update is not yet automatic when you log into your account, but clients who want to use the latest features now can get the new version today. Simply go to "Help > Software Updates" from the menu bar at the top of your Trading Station and follow the steps to complete the installation. One of my favorite new features is the Simulation Mode. This allows you to replay market data at real or accelerated speed (for example, 10...
Hi Jason,

How do I save progress in the simulation mode and pick up where I left off?
I've tried using save project but it's not working. Re-opening the project always bring me back to the beginning of the simulation period instead of where I left off (with trading histories).


Thanks
  • #10,694
  • Dec 18, 2018 2:23am Dec 18, 2018 2:23am
Quoting Redbaron81
{quote} I have good experience with them so I got to defend them a bit here...I've been making money with them and they have been very professional...Yeah they misguided people by saying they are True ECN but were dealing desk and got punished for it. But you got to know that 99% (only one I know that's legit is LMAX) of all brokers out there are dealing desks at some level if you dig deep enough. If you a losing newbie trader then almost all brokers will be on the other side of your trades no matter what they say. Scam is when broker has no regulation...
then you're the only one... ive was with FXCM when the first came online, from day one, and ever since they have manipulated prices, and spreads... BILLIONS of dollars over the 28 years was scammed by them through their sister company, RefCo.

RefCo back in the late 90's, give or take a year, was busted and taken off the financial services list and banned for life... Roll on until last year, they were given a final warning which FXCM ignored, scamming billions again, were finally completely removed and restricted for operating any company around the world soliciting funds for trading..

and to be honest. you have no clue what FXCM did or didnt do.. they operated a HYIP Company called C-Currency, it lasted for almost 3 years where over $8 million of peoples money was used to set up FXCM Platform development. I was one who was scammed for $187,000 USD - so I ran some due diligence checks with some high profile government employees Im very close to, to investigate the IP addresses coming from C=Currency and the company FXCM who they said they were trading with... they were both one in the same.


I had to fly to LA to submit evidence.


and no, that is not true that 99% of brokers are just dealing desks, and FXCM never said they wasnt a dealing desk either. what they were done for was manipulating the spreads via the dealing desk.


Man, I wish ppl on this forum would stop talking crap all the time like as if they really know what went on
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #10,695
  • Edited 9:00am Dec 18, 2018 8:31am | Edited 9:00am
Quoting FXCyborg
{quote} then you're the only one... ive was with FXCM when the first came online, from day one, and ever since they have manipulated prices, and spreads... BILLIONS of dollars over the 28 years was scammed by them through their sister company, RefCo. RefCo back in the late 90's, give or take a year, was busted and taken off the financial services list and banned for life... Roll on until last year, they were given a final warning which FXCM ignored, scamming billions again, were finally completely removed and restricted for operating any company...
Ok man I don't know how you lost 185k by them manipulating spreads few pippets or even by few pips (even if they did). I can trade with 5 pip spread and still make money...give me a brake. Your just another over leveraged loser blaming the broker for your inability to trade or placing shitty stops. This board is so toxic with bitterness its crazy...I can see how any profitable trader runs from here. Your all just boiling in your own excuses, and feeding of each others negativity.
  • #10,696
  • Dec 18, 2018 9:47am Dec 18, 2018 9:47am
Quoting Redbaron81
{quote} Ok man I don't know how you lost 185k by them manipulating spreads few pippets or even by few pips (even if they did). I can trade with 5 pip spread and still make money...give me a brake. Your just another over leveraged loser blaming the broker for your inability to trade or placing shitty stops. This board is so toxic with bitterness its crazy...I can see how any profitable trader runs from here. Your all just boiling in your own excuses, and feeding of each others negativity.

Hey dumbbell, i never said i lost that money in forex via fxcm, learn to read, i said in the HYIP program that fxcm used to create their platform.

yeh go ignore me you idiot. ignorant keyboard monkie
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #10,697
  • Dec 18, 2018 10:23am Dec 18, 2018 10:23am
Quoting FXCyborg
{quote} and to be honest. you have no clue what FXCM did or didnt do.. they operated a HYIP Company called C-Currency, it lasted for almost 3 years where over $8 million of peoples money was used to set up FXCM Platform development. I was one who was scammed for $187,000 USD - so I ran some due diligence checks with some high profile government employees Im very close to, to investigate the IP addresses coming from C=Currency and the company FXCM who they said they were trading with... they were both one in the same.
Hi FXCyborg,

To be honest, this sounds like something completely made up with no credible information to back it up. Please don’t take offense, it’s just hard to give weight to an anonymous report with no additional information given. If you were scammed then you should certainly report it. I can point out numerous examples of disreputable companies trying to scam traders with similar sounding names to FXCM or that copy our website. FXCM is a highly regulated company, and regulators often warn traders of clone sites or scams as pointed out a few days ago on our thread:

Quoting mlawson71
The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered FXC Markets to immediately cease offering investment services and advice to German investors. BaFin stated that the two companies associated with the brand, CRLINK Limited and BT Systems LTD, are not authorised by it. Both BaFIN and the British regulator FCA have previously warned that FXC Markets is a clone of FXCM and is taking advantage of its misleading name. Be careful who you contact people, make sure you're talking to the real FXCM.
Jason
  • #10,698
  • Dec 18, 2018 12:19pm Dec 18, 2018 12:19pm
Jason, i dont give a rats what you think, you're just some cheer leader for a scamming company.. and i recent the implication that I would come to this forum and make up stuff for the fun of it. I unlike you, am not a keyboard warrior, who spends his boring life on this forum kissing a companies butt.

So you and FXCM can take a long running jump... FXCM is not a highly regulated company - they were getting away with blue murder, until recently being banned to never return, FXCM is now under the operation of new management.

So take your opinions and wipe your butt with them. I can stand scammers and those who support them..
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #10,699
  • Dec 18, 2018 3:12pm Dec 18, 2018 3:12pm
Quoting p.warrior
{quote} Hi Jason, How do I save progress in the simulation mode and pick up where I left off? I've tried using save project but it's not working. Re-opening the project always bring me back to the beginning of the simulation period instead of where I left off (with trading histories). Thanks
Hi p.warrior,

Saving the project is going to save the parameters you set when initially setting up the simulation and is not going to save the history or activity up to that point. When you re-open the saved project, it will re-start the simulation with the original saved parameters such as the initial balance, lot size, account currency, market data, margin requirements, etc. Sorry this isn't likely what you were hoping to hear, but I will send your feedback over as a new feature suggestion to the development team.

Jason
  • #10,700
  • Dec 20, 2018 12:48pm Dec 20, 2018 12:48pm
Hi Everyone,

Please note the special holiday hours below for both trading and customer support for the Christmas and New Year holiday's. CFD holiday hours can be found here. Please be aware that during the holidays rollovers may be larger than normal due to illiquid markets.

Attached Image


I will be out of the office until the new year, so any questions or private messages will be answered once I return.

Happy Holidays !

Jason
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