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FXCM Discussion

  • #1,921
  • May 27, 2011 8:26pm May 27, 2011 8:26pm
Hi jason!

how come fxcm asia only has $25k requirement for their active trader account and $50k for other branches? and is it true that the highest leverage they can offer is 1:20 regardless if you are non HK resident? Just making sure.

Thanks!
  • #1,922
  • May 28, 2011 6:26am May 28, 2011 6:26am
Quoting Adal
FXCM liquidity providers, revealed:

http://i.imgur.com/2hz6T.png
Hi,

One of the key liquidity providers that FXCM never show is their internal pool of traders. As FXCM will first try to offset any trade internally if there is a buyer & seller at same price in EURUSD both order WILL NEVER go interbank & they will be cleared. That's how FXCM maximase $$$ & then bank all the spread. But as you can see it was advertised before as an innovation & now they will never talk about it. Same when they advertised about "VIRTUAL DEALER" tests.

13
Brokers are angels
  • #1,923
  • May 30, 2011 12:55pm May 30, 2011 12:55pm
Quoting eraptheman
Hi jason!

how come fxcm asia only has $25k requirement for their active trader account and $50k for other branches? and is it true that the highest leverage they can offer is 1:20 regardless if you are non HK resident? Just making sure.

Thanks!
Hi eraptheman,

20:1 leverage is the maximum amount of leverage allowed by the SFC regulations (SFC = Hong Kong regulator). Therefore if you open your account through FXCM Asia in Hong Kong, the highest leverage you can use is 20:1. FXCM Asia also uses tiered margin levels (initial margin, maintenance margin, liquidation margin). Even though the initial margin requirement is 5%, the positions does not reach liquidation (margin call) until the account equity drops down to 1% of open positions value. More information can be found here: http://www.fxcmasia.com/en/forex-margin.html

I'm not familiar with all details of FXCM Asia's platinum level service, but the website mentions a $50,000 balance requirement in order to qualify for spread reduction. Here's where you can find more details on the platinum service http://www.fxcmasia.com/en/open-platinum-account.html . For more detailed questions, I would recommend contacting FXCM Asia directly as I don't have extensive knowledge about their platinum account program.

-Jason
  • #1,924
  • May 30, 2011 1:03pm May 30, 2011 1:03pm
Quoting fx13
Hi,

One of the key liquidity providers that FXCM never show is their internal pool of traders. As FXCM will first try to offset any trade internally if there is a buyer & seller at same price in EURUSD both order WILL NEVER go interbank & they will be cleared. That's how FXCM maximase $$$ & then bank all the spread. But as you can see it was advertised before as an innovation & now they will never talk about it. Same when they advertised about "VIRTUAL DEALER" tests.

13
Hi 13,

Every trade on no dealing desk forex execution is executed back to back with one of multiple banks or financial institutions as specified in the trading agreement and website. FXCM does not manage positions internally on NDD forex execution. Plus, it rarely occurs that two client positions show up at the same time for the exact same amount in the same currency pair to offset each other perfectly.

-Jason
  • #1,925
  • May 30, 2011 11:28pm May 30, 2011 11:28pm
hello Jason,
on Eurusd, May26, there was a volume spike (FXCM TS2).
can u post TS2 & FXCM MT4 charts with volume side by side (live feed; H1 and D1)
can u confirm that Daily chart volume should be equal to H1 charts' total volume of the same day?
May26 (FXCM TS2, live) daily chart volume is +/-300k (about 303k - 305k), while May26 H1 chart total volume isnt close to 300k.

thanks
  • #1,926
  • May 31, 2011 1:49pm May 31, 2011 1:49pm
Quoting supremeChaos
hello Jason,
on Eurusd, May26, there was a volume spike (FXCM TS2).
can u post TS2 & FXCM MT4 charts with volume side by side (live feed; H1 and D1)
can u confirm that Daily chart volume should be equal to H1 charts' total volume of the same day?
May26 (FXCM TS2, live) daily chart volume is +/-300k (about 303k - 305k), while May26 H1 chart total volume isnt close to 300k.

thanks
Hi SC,

Thanks for the post. I compared a TS2 hourly chart vs. daily chart on EURUSD for May 26 and I'm seeing the same thing...daily candle showing volume 303k and hourly candles during same period show volume around 152k. I'm checking with the marketscope developer on why there is this difference and will post again once I have more information.

-Jason
  • #1,927
  • Jun 1, 2011 3:13am Jun 1, 2011 3:13am
Sorry if I am a bit late to the discussion, but where can I find a volume indicator on TS2? Thought it was removed?

Thanks
H
  • #1,928
  • Jun 1, 2011 9:01am Jun 1, 2011 9:01am
Quoting HannesJoub
Sorry if I am a bit late to the discussion, but where can I find a volume indicator on TS2? Thought it was removed?

Thanks
H
Hi Hannes,

No worries. Tick volume can be added to the chart by right clicking anywhere over the chart and selecting "tick volume" from the menu. See image below:

http://img163.imageshack.us/img163/1...01195726am.png

  • #1,929
  • Jun 1, 2011 5:47pm Jun 1, 2011 5:47pm
Trading Seminar with Richard Farleigh

For those of you near London, FXCM and H20 Markets is sponsoring a free forex seminar on Monday June 6th with Richard Farleigh as the guest speaker. Richard Farleigh is a former professional hedge fund manager, author of the critically acclaimed book '100 Secret Strategies for Investing' and star of BBC's hit show Dragon's Den. Richard will be explaining how he was able to consistently trade the financial markets and will be providing a full explanation of the sophisticated trading techniques contained in his critically book "Taming the Lion". The seminar is being held Monday June 6th from 8:30am - 11:30am at The Grange Hotel in London. You can register here http://www.fxcm.co.uk/richard.jsp, and we look forward to seeing you there if you can make it.

-Jason
  • #1,930
  • Jun 11, 2011 7:37am Jun 11, 2011 7:37am
Jason,


Do you have a link to the above chart of this page ?
  • #1,931
  • Jun 13, 2011 4:54am Jun 13, 2011 4:54am
Hi Jason,
I have one LONG AU position as from 10 June 0956hours.

Why am I not having positive roll for this pair. Instead I have a small positive roll for GU long and a negative for XAG/USD long.

arent "roll values" automated??

thank you.

Francis
  • #1,932
  • Jun 13, 2011 4:36pm Jun 13, 2011 4:36pm
Quoting Cocoflanel
Jason,


Do you have a link to the above chart of this page ?
Hi Cocoflanel,

Not sure I 100% follow you on this one. Are you referring to the post above with the chart referencing tick volume? That's the Marketscope chart found inside the FX Trading Station II platform. The first chart featured on our website here http://www.fxcm.com/forex-charts.jsp .

If I have completely misunderstood you, please let me know

-Jason
  • #1,933
  • Jun 13, 2011 4:48pm Jun 13, 2011 4:48pm
Quoting francish
Hi Jason,
I have one LONG AU position as from 10 June 0956hours.

Why am I not having positive roll for this pair. Instead I have a small positive roll for GU long and a negative for XAG/USD long.

arent "roll values" automated??

thank you.

Francis
Hi Francis,

Thanks for the post. There was no rollover on Friday due to a bank holiday . (Happy Queens Birthday holiday to all the traders in Australia, though I might be late seeing as it's already Tuesday morning over there). You should see rollover for the AUD/USD position if you held it open today at 5pm ET (21:00 GMT).

There was also no rollover on Friday for the NOK, DKK, and CHF pairs due to a bank holiday in their respective countries. The Friday rollover for the AUD, NOK, CHF, and DKK pairs was taken into account on Wednseday June 8. Each pair had 4X rollover instead of the normal 3X. DailyFX has a rollover calendar which lists any exceptions to rollover due to bank holidays in each country http://www.dailyfx.com/calendar/rollover_calendar/ . Here's a post over on another thread that gives a brief overview of how to read the calendar http://www.forexfactory.com/showthre...12#post4158412 .

Let me know if you have any additional questions.

-Jason
  • #1,934
  • Jun 13, 2011 7:12pm Jun 13, 2011 7:12pm
[quote=Jason Rogers;4687880]Hi Francis,

Thanks for the post. There was no rollover on Friday due to a bank holiday . (Happy Queens Birthday holiday to all the traders in Australia, though I might be late seeing as it's already Tuesday morning over there). You should see rollover for the AUD/USD position if you held it open today at 5pm ET (21:00 GMT).




Thank you Jason.
  • #1,935
  • Jun 14, 2011 12:15pm Jun 14, 2011 12:15pm
Quoting Jason Rogers
Hi suntzu,

The change was only made for FXCM US (LLC). In order to trade micro lots with FXCM UK, you would need to setup a micro account. I haven't received any indication whether the same change is planned for FXCM UK.

-Jason
MT4 Update for FXCM UK...

Micro lots are now available on MT4 accounts with FXCM UK. All new MT4 accounts will automatically have micro lots available. If you have an existing account, please contact client services to have micro lots enabled on your MT4 account.

Silver is now available no MT4 accounts with FXCM UK. Look for the symbol XAG/USD. If you don't see it in the Market Watch window, right click anywhere over the window and select Show All.

-Jason
  • #1,936
  • Jun 14, 2011 10:59pm Jun 14, 2011 10:59pm
Quoting Adal
FXCM liquidity providers, revealed:

http://i.imgur.com/2hz6T.png
can you give me please direct link to that information?
Or please, PM me
  • #1,937
  • Jun 15, 2011 9:45am Jun 15, 2011 9:45am
Quoting slovforex
can you give me please direct link to that information?
Or please, PM me
Hi slovforex,

The information can be found in FXCM's 2010 annual report filed as a part of FXCM being a publicly traded company on the NYSE.

-Jason
  • #1,938
  • Jun 16, 2011 12:34am Jun 16, 2011 12:34am
Quoting Jason Rogers
Hi slovforex,

The information can be found in FXCM's 2010 annual report filed as a part of FXCM being a publicly traded company on the NYSE.

-Jason
Wow, thanks Jason!

I am happy that now FXCM offers 0.01 lot for standard accounts!
  • #1,939
  • Jun 16, 2011 4:55am Jun 16, 2011 4:55am
Quoting slovforex
Wow, thanks Jason!

I am happy that now FXCM offers 0.01 lot for standard accounts!

What about the active trader accounts?
  • #1,940
  • Jun 16, 2011 8:58am Jun 16, 2011 8:58am
Quoting eraptheman
What about the active trader accounts?
Hi eraptheman,

The minimum trade size for active trader is still a 10k mini lot, but it may be technologically feasible to set up now that the functionality has been built into the standard 10k accounts. You would need to speak directly with the active trader team to discuss options for enabling it on an active trader account. Contact information here http://www.fxcm.com/active-trader.jsp#Contact .

-Jason
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