FXCM Discussion

Let's have a look demo version vs realmini.

last month i open fxcm micro account, then i compare my spread with my friend fxcm micro account spread.

My account Spread have spread different Spread than my friend Account !

And during news events My friend account spread ex: 5 pips
While my account spread 26pips !

FXCM and FXCMmicro spread will differ.
at bottom of FXCM Tradestation check server name, your friend and you might be having different server names.
during news time spread can go crazy,
My overall experiance is FXCMMicro offers good spread.

as i c yours is not a micro account

Thats weired !

U can go and open any demo acct with any broker & The demo vs live acct spreads will usually be different. I have seen in past where demo show's worse spreads then live acct!

The issue most likely has to do with lag time. FXCM's real account most likely has less lag time then the demo and therefore the demo is actually behind the live account. As most have pointed out looking at a demo and live account at the same time is similar to comparing apples and oranges. (sorry for the century old cliche)

now same spreads

Does anyone know if FXCM has Expert Advisor feature on their live MT4 platform?

Just out of curiousity, FXCMs 4h bars close at 1,5,9 hours.

It's daily bar closes at 9pm PST.

Why is this ? Specifically with the daily bars ?

Also, when I put my cursor over the closed candle in MT4, it says 12,4,8 for the hours closed ?

Is this crazy or is it just me ?

any other FXCM users or ex users ?????

I got switched to them from ODL....

I don't know about their 4hr candles, but I did find when I was using them that their daily candles closed at 5pm EST, at the close of the NY session essentially. I actually contacted them about it, they told me that's just how they did it and that it was common. Hmpf, really? This made their pivot plotter useless because I wanted pivots based on a different starting hour. I eventually stopped using them for almost all of my charting because their software crashes at the worst times and is very "rinky-dink."

That said, I still use them to enter trades and demo because I trust them, but for most of my charting and analysis I use MT4 and another broker. I know a lot of people dont suggest this, I think its fine if you're looking at a longer-term trend and planning for a session hours before. When I am ready to trade I switch to FXCM's charts when looking where to actually enter/exit, with everything else I have learned as my guide essentially. But I wouldn't suggest doing this if you are scalping for example, the small price differences would cause problems.

andy

Hi Guys,

I was just wondering if FXCM is a true ECN they claim they are an ECN and have no dealing desk but they charge a spread and no commision, how is this possible if they were a true ECN?

IIRC, they are not a true ECN. One of their subsidiaries (Hotspot) I think is an ECN but requirs 7.5k deposit.

Interactive Brokers, MB Trading and Dukascopy are true ECNs.

No They are Not.

thanks guys.

why cant these brokers tell the truth instead of lying to us

whats wrong in being honest isn't it better for business

fxcm advertises as an ECN

ibfx when I contacted them on live chat calim they are neither a market maker nor an ECN

all lies

fugly,

where did u get the information that FXCM is an ECN?

kujo17,

why did u switch? any problems w/ ODL?

hi SC

They advertised on trade2win boards as a preferred broker u can see the advertisement here

http://www.trade2win.com/preferred-b...x/fxcm-25.html

They have got a new platform with level-2 information, tighter spreads and charge a commission. The interface looks a bit like currenex. They don't claim to be an ECN on their website at least. I guess the reason is that bid/offers from clients wont be reflected in their pricing (clients can only act as price-takers, but not as price-makers like on a true ECN). If that information is correct, that would make it what they call a "STP-platform".