FXCM Discussion

Been fine, been using them for years, there better since they became none dealer desk or what ever it is, the software is easy to use, setup double click trading with a auto SL trailing and click click nice and easy.

I tried MT3 on demo years back and ended up with loads of orders while just trying to close 1, horrible couldn't get my head around it, no idea if MT4 is better.

FXCM Explains Their No Dealing Desk Forex Execution Model vs. Competitors Dealing Desk

New York, February 1, 2011—FXCM Inc., (NYSE: FXCM) launches the FXCM Forex Execution Center. With numerous requests for transparency in the forex market, the FXCM Execution Center will be a central hub on the FXCM websites that will provide forex traders with detailed information regarding forex execution practices. FXCM will continue to update this area over the coming months with insightful information and analysis.

The first step is to explain the different forex execution models. Unlike most other forex brokers, who act as market-makers, FXCM operates on an agency execution model.

FXCM takes the best bid and ask prices streamed to them from multiple large financial institutions, adds a markup (commission) on top of those prices, and shows them to clients. FXCM makes an identical amount of money in the form of pip markups (which are really commissions) regardless of whether the customer makes or loses money on a trade. As a result, FXCM earns consistent and transparent revenue per trade.

This is significantly different from brokers who operate a dealing desk execution model, where the revenue per trade is not as transparent. There are common practices, many times unknown to customers, which allow dealing desk firms to make more than just the mark-up attached to the prices streamed from large financial institutions. These practices include, but are not limited to, re-quoting customer trades, taking the opposing side of customers trades, and even preventing customers from trading or managing their positions during news events.

Many experienced forex traders may find the concept difficult to grasp. And it is especially hard for those new to the forex industry.

No Dealing Desk (FXCM): Learn How FXCM Executes Your Forex Trades

Watch Now: http://www.fxcm.com/fxcm-forex-execution.jsp

Dealing Desks (most of the other guys) learn about the potential conflict of interest between dealing desks and traders

Watch Now: http://www.fxcm.com/fxcm-forex-execution.jsp

To learn more about FXCM’s forex trading execution model, visit the FXCM Execution Center here: Forex Execution Center

About Us

FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers, enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver, and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary and does not constitute investment advice. Read full risk disclaimer.



Contacts
FXCM Inc.
Media:
Jaclyn Sales, Vice President of Corporate Communications
646-432-2463
[email protected]
Investor Relations
FXCM Inc.
(646) 432-2986
[email protected]
www.FXCM.com

I gather from the FXCM website that trading starts on Sunday from 5.15pm EST.
It is now 6.27pm EST and trading is still closed.
I have refreshed the screen several times.

Is there any change in trading hours on Sunday?

Yeah, WTF is going on here!?

Hi novice,

There was a technical issue on FXCM's side which caused the start of trading to be delayed until approximately 6:45pm ET. If you experienced a loss due to being unable to close a trade or manage a position during the downtime, please submit a trade audit and we will make any adjustments if necessary. The links to submit the trade audit are found on our support webpage: http://support.fxcm.com/status/ . I would also recommend bookmarking that webpage since we update it immediately anytime a tech issue occurs.

We apologize for the technical issue, and please let me know if you have any questions.

-Jason

If you're using the Strategy Trader platform, please be aware that we released a new build (build 311) for the platform. The platform will not auto-update to the new build so you will need to install the new version. The new build can be downloaded directly from the website http://www.fxcm.com/download/StrategyTrader.exe

Let me know if you have any questions.

-Jason

I’ve been live with FXCM since mid ’08. Played a number of demo accounts with them before and since mixing it all with a good few competitive platforms. In August ’08, during the GFC, my account got knocked over by $850 odd . All finger trouble, inexperience and mental flusters on my side. Yet, no questions asked they squared my account up, no threatening emails or any other form of intimidating communication. Maybe they are not providing all the bells and whistles in every department but in balancing all the attributes out, FXCM is stable and reliable, in product and service. Good luck trading.

I suggest everyone reading this thread
click Class Action Lawsuit Against FXCM
If you have accounts with FXCM then get out, take your money and run as fast as you can.

I cannot comment on this, but a statement from FXCM can be found on our investor relations webpage.

-Jason

probably best not to. Do you get many law suits against the firm as far as you are awhare? Is it quite common?

run don't walk, fxcm have been and still is a fraud

I would suggest you guys to do what I'm doing and short FXCM stock...

Jason
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If I want Withdraw 80 % of Capital,Fxcm will allow it?
Nowdays Forex Traders most worried is their capital CANT WITHDRAW,so FXCM i should trust?

Hi Specificers,

Traders with FXCM can withdraw any amount at any time from their account. Every account with FXCM has access to www.myfxcm.com which is an administrative portal. You will use this website make deposits, request withdrawals, run reports, update contact information and more. To request the withdrawal, you would simply need to login to the website and submit the request online and the funds will be returned.

Take a look here for more details on MyFXCM http://www.fxcm.com/myfxcm.jsp .

-Jason

Forex trading goes mainstream next Friday at 5:30pm ET. FXCM is partnering with CNBC to co-sponsor a new forex tv show called "Money in Motion Currency Trading" hosted by Melissa Lee. We hope everyone enjoys it! Here's the press release:

FXCM Partners With CNBC To Sponsor New Forex TV Show: “Money In Motion Currency Trading

FXCM Inc. (NYSE: FXCM), a online provider of forex trading worldwide, has partnered with CNBC, First in Business Worldwide, to co-sponsor CNBC’s new show “Money in Motion Currency Trading.” Beginning February 25, “Money in Motion Currency Trading” will air on Fridays at 5:30pm after the popular program CNBC’s “Options Action.” In addition there will be two short business segment updates each week on Wednesdays and Fridays during CNBC’s Business Day programming. The program will air on CNBC in the U.S., CNBC Europe, Middle East and Africa and CNBC Australia.

Forex has become one of the fastest growing and largest markets in the world. “This is a perfect fit for FXCM. With our recent IPO and the growth of retail forex trading, our partnership with CNBC to sponsor the new forex TV show will bring retail forex trading more mainstream, especially in the United States,” said Drew Niv, CEO of FXCM. “As retail traders become more active in currency trading it only makes sense that they will be looking to the top business network to bring them relevant news, education, and research on just that.”

Hosted by CNBC’s Melissa Lee, “Money in Motion Currency Trading” will focus on bringing traders insights and strategies from some of the biggest names in the world of forex. CNBC’s “Money in Motion Currency Trading” is your front row seat to the most liquid and leveraged market in the world.

"A program dedicated to currencies has never been more relevant," said Susan Krakower, CNBC's Senior Vice President Strategic Programming and Development. "CNBC is an investor-focused network and this program will teach viewers how to harness the power of the $4 trillion currency market."

As the first broker specialized in retail forex trading to go public on the New York Stock Exchange in December 2010, FXCM will continue to support initiatives that provide education, news, and research focused on the currency markets.

http://www.thestreet.com/story/11007...ading8221.html

Who wouldn't with Melissa Lee hosting!

Good luck with the show!

Melissa Lee? I liked!

FXCM slapped with a class action suit over claims of fraud and racketeering


See here for details: http://forexmagnates.com/fxcm-slapped-with-a-class-action-suit-over-claims-of-fraud-and-racketeering/

Just beware and alert.

Hey that's Great! FXCM on the telly!!

Will your class action lawsuit also be televised?? Would love to see that!

Thanks! 5:30pm ET on a Friday isn't the greatest of time slots so this gives you an additional reason to watch