FXCM Discussion | Page 53 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

FXCM with Sierra Charts - Discussion and alternatives 8 replies

Elliott Waves discussion 4 replies

FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies

Euro/Dollar discussion 9 replies

Forward Testing Discussion Thread 241 replies

Attachments: FXCM Discussion
Exit Attachments

FXCM Discussion

  • #1,041
  • May 7, 2010 8:17am May 7, 2010 8:17am
Quoting Utopia
Jason Rogers,

Now you've only got to find a NEW FIX of not being over 50pips off the real market. What sort of problem needs a 'fix' for the real market ? A heavily manipulated price feed.

http://www.youtube.com/watch?v=0dNLaYRu7Gc

The issue here is that if you are in and looking to get out, you can't. Which means you can't take profit or exit the loss you are in. Likewise if you are out and looking to get in you miss on an opportunity and your order just hangs as pending not knowing if or when the feed will normalize and...
Hi Utopia,

I will investigate this and give you more information on what may be occurring. As before from my post two weeks ago, please send your account number to me by email at [email protected] so that we can review the server your account is on as well. I have not received this information from you and we need as much detail as possible to identify any causes.

Jason
  • #1,042
  • May 7, 2010 8:29am May 7, 2010 8:29am
FXCM = Marketing Bullshit
  • #1,043
  • May 7, 2010 8:51am May 7, 2010 8:51am
Just went short on EUR/JPY, the quote says one price, but actually fills you at 20pips below, what is this? I got in instantly with -20 pips loss... If the datafeed is lagging, then still you would fill me at what is displayed on your platform, but I see one price, and get filled on a totally different price.
Trax Tibidax Tibidox...
  • #1,044
  • May 7, 2010 8:56am May 7, 2010 8:56am
Quoting masterpiecefx
Just went short on EUR/JPY, the quote says one price, but actually fills you at 20pips below, what is this? I got in instantly with -20 pips loss... If the datafeed is lagging, then still you would fill me at what is displayed on your platform, but I see one price, and get filled on a totally different price.
what's your spread on EJ???
  • #1,045
  • May 7, 2010 9:04am May 7, 2010 9:04am
Spread is -2.7, but the quote they are displaying is 20 pips above the actual price, so you press short at 116.45, it fills you in at 116.25 at a loss of -22. I'm looking at another broker's quotes, they seem to be ok, FXCM's quotes are 20-30 pips off, but they still fill you according to what the market is, not what they display.

I guess the market is too obvious now for them to let us trade.
Trax Tibidax Tibidox...
  • #1,046
  • May 7, 2010 9:08am May 7, 2010 9:08am
Quoting masterpiecefx
Just went short on EUR/JPY, the quote says one price, but actually fills you at 20pips below, what is this? I got in instantly with -20 pips loss... If the datafeed is lagging, then still you would fill me at what is displayed on your platform, but I see one price, and get filled on a totally different price.
send a trade audit request blah blah blah....they should have a post saying that and link to it...that is all they ever say, like 1 million times a day LOL.
oh, they also post about the Vegas show and about buying ODL, that is ADVERTISMENT they use on this thread to divert attention on the problems, but this thread is not about advertising.
  • #1,047
  • May 7, 2010 9:13am May 7, 2010 9:13am
Yeah, they already told me to fill out the form in a chat. The prices are still off though.
Trax Tibidax Tibidox...
  • #1,048
  • May 7, 2010 9:13am May 7, 2010 9:13am
Quoting masterpiecefx
Spread is -2.7, but the quote they are displaying is 20 pips above the actual price, so you press short at 116.45, it fills you in at 116.25 at a loss of -22. I'm looking at another broker's quotes, they seem to be ok, FXCM's quotes are 20-30 pips off, but they still fill you according to what the market is, not what they display.

I guess the market is too obvious now for them to let us trade.
Mate, close your account and move on. FXCM are a waste of time. that's ridicules.

they're a spin shop that's about it. bells and whistles to keep the newbies wide eyed.

There's quality out there, don't waste your time with FXCM.
  • #1,049
  • May 7, 2010 9:15am May 7, 2010 9:15am
Well, I've been with them for quite a long time, most of the time they are ok. But it smells bad right now, you're right, may be it's time. Thanks for your reply.
Trax Tibidax Tibidox...
  • #1,050
  • May 7, 2010 9:24am May 7, 2010 9:24am
Hi,
I can little English.I use translator.
FXCM gulf between with the real prices.
Shortly before:
Real price : GBPUSD - 1.4730 sell - 1.4732 buy
FXCM : GBPUSD - 1.4690 sell - 1.4693 buy

I want to buy and click buy button.
Price realized : 1.4720
What is this ?

Biggest ,greatest FXCM.
blah blah blah ....
This is end of way for FXCM.
  • #1,051
  • May 7, 2010 9:31am May 7, 2010 9:31am
Quoting masterpiecefx
Spread is -2.7, but the quote they are displaying is 20 pips above the actual price, so you press short at 116.45, it fills you in at 116.25 at a loss of -22. I'm looking at another broker's quotes, they seem to be ok, FXCM's quotes are 20-30 pips off, but they still fill you according to what the market is, not what they display.

I guess the market is too obvious now for them to let us trade.
Hi masterpeicefx,

We are aware of the problem, and have updated www.fxstatus.com with information. I will post more details as I get them. All trades are being executed at current rates if you submit the order type as At Best.

FXCM is happy to review an inquiry if you feel that you have been negatively affected by a technical problem on our side. If you would like us to review your trade(s) please have trade details available such as ticket number, time, and price. You can submit your request for review directly using our form: http://www.fxstatus.com/audit-form.html

-Jason
  • #1,052
  • May 7, 2010 9:33am May 7, 2010 9:33am
Quoting Jason Rogers
Hi masterpeicefx,

We are aware of the problem, and have updated www.fxstatus.com with information....
Blah Blah Blah............ I never have these issues at Interactive Brokers, funny that hey.

FXCM = waste of time.
  • #1,053
  • May 7, 2010 9:34am May 7, 2010 9:34am
Jason, all is being submitted. Thank you for replying.
Trax Tibidax Tibidox...
  • #1,054
  • May 7, 2010 9:49am May 7, 2010 9:49am
Quoting Jason Rogers
Hi Matt,

The FX Trading Station II was not "down for the whole US session"....
Hi Jason,

Thanks for replying. 3 years ago when i'm trading with FXCM mini account that's the same issue with technical problems, i can't believe it right till now FXCM still have the same problem. How can i trade if the Tradestation keep freezing? I know the fxstatus website you mentioned but it doesn't help at all. Today again i have the "same problem",quotes update slow, and sometimes freeze. That's the same problem happened 3 years ago. Here i attached a screenshot one & half hours ago.
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM Micro price quotes.JPG Size: 182 KB
  • #1,055
  • May 7, 2010 9:51am May 7, 2010 9:51am
Quoting mattrader
Hi Jason,

Thanks for replying. 3 years ago when i'm trading with FXCM mini account that's the same issue with technical problems, i can't believe it right till now FXCM still have the same problem. How can i trade if the Tradestation keep freezing? I know the fxstatus website you mentioned but it doesn't help at all. Today again i have the "same problem",quotes update slow, and sometimes freeze. That's the same problem happened 3 years ago. Here i attached a screenshot one & half hours ago.
STP NDD my arse. When the market is fast moving, the dealing desk staff does not have time to keep up with the fast moving market. If this were STP it would not happen, and why should it if it is all automated as they claim.
  • #1,056
  • May 7, 2010 10:16am May 7, 2010 10:16am
Quoting wwwin
STP NDD my arse. When the market is fast moving, the dealing desk staff does not have time to keep up with the fast moving market. If this were STP it would not happen, and why should it if it is all automated as they claim.
Exactly. What's the point having "NO DEALING DESK" or whatever terms they called but in a volatile market they can't update the quotes? It is a waste of time for traders.
  • #1,057
  • May 8, 2010 4:56am May 8, 2010 4:56am
0-50. But you can forget about anything less than 10, those aren't for retail clients, unless the said clients are going the wrong way, then you can get filled no problem..

Quoting >Apocalypto<
what's your spread on EJ???
  • #1,058
  • May 8, 2010 5:00am May 8, 2010 5:00am
Cook the books, cook the books, fudge the audit, make up some numbers that match and balance, blah blah, I did the same thing for an investment bank. Even with their sophisticated technology they have a very hard time matching things up. You can no audit a black hole. This is complete crap. FXMC is a billion dollar SCAM machine. Stop supporting these people and take your business to the CME.

Quoting masterpiecefx
Jason, all is being submitted. Thank you for replying.
  • #1,059
  • May 8, 2010 5:03am May 8, 2010 5:03am
They run some kind of dealing software program, not actually a desk of human dealers, so they can say NDD, but can they say NDSP? FXCM is the greatest example of total dishonesty in the retail forex market.


Quoting wwwin
STP NDD my arse. When the market is fast moving, the dealing desk staff does not have time to keep up with the fast moving market. If this were STP it would not happen, and why should it if it is all automated as they claim.
  • #1,060
  • May 8, 2010 5:36am May 8, 2010 5:36am
Had been trading with fxcm for a long time and was happy with them untill thursday.... couldnt get trade on and got filled 30 pips away.. wtf ... also spreads have increased and at one point my tp hit and trade wasnt closed... luckily price hit my tp for a second time but what if it didnt?

withdrawing my money and in the process of opening an account with ecn.

Why do brokers do this? Surely losing customers will far outway the few quid they might make from screwing a couple of customers?

Anyone have experience with Duskacopy?

d-k
5 traders viewing now