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FXCM Discussion

  • #6,381
  • Jan 22, 2015 1:03pm Jan 22, 2015 1:03pm
Quoting Makavell
Karma is indeed a sum-bitch!!! They've been raping clients for over a decade and it took just 3 minutes market action for them to get screwed from the ass with no lubrication
  • #6,382
  • Jan 22, 2015 1:05pm Jan 22, 2015 1:05pm
Quoting Makavell
{quote} They're all out now, guns blazing, stealing anything that moves. Anyone still executing trades with them deserves anything they get
Amen! Now if we can all just get our funds. In a timely fashion.
Ghost Rider - WWTBMD?
  • #6,383
  • Jan 22, 2015 1:16pm Jan 22, 2015 1:16pm
Quoting albchr
{image} As opposed to an accurate feed {image}
For what it's worth, this is my Axitrader demo account showing a similar spike. Trust me, I'm staying well away from FXCM but just thought i'd share this.

All the best,
Attached Image (click to enlarge)
Click to Enlarge Name: axi spike.png Size: 84 KB
  • #6,384
  • Jan 22, 2015 1:22pm Jan 22, 2015 1:22pm
Quoting hg2014
{quote} For what it's worth, this is my Axitrader demo account showing a similar spike. Trust me, I'm staying well away from FXCM but just thought i'd share this. All the best, {image}
Are they owned by FXCM? LOL

I have 4 different broker feeds. FXCM is the only one I have with that spike. Yeah, I'd stay clear IMHO.

All the best to you too.
Ghost Rider - WWTBMD?
  • #6,385
  • Jan 22, 2015 1:28pm Jan 22, 2015 1:28pm
Quoting albchr
{image} As opposed to an accurate feed {image}
did you withdraw your money from them?

is it possible that they have Virtual dealer in action?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.PNG Size: 51 KB
just do it
  • #6,386
  • Jan 22, 2015 1:30pm Jan 22, 2015 1:30pm
Hey guys. Does anybody know why the spread in Demo is so high? I thought FXCM has "real" spreads, plus commission. EUR/USD is almost 3 pips, whenever I look. That's more like and expensive bucket shop spread, isn't it?
  • #6,387
  • Jan 22, 2015 1:31pm Jan 22, 2015 1:31pm
Quoting albchr
{image} As opposed to an accurate feed {image}
The spread widened at that time. I have a long position in AUD/NZD and the stop loss order did not activate .. very strange
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-bid.png Size: 50 KB
  • #6,388
  • Jan 22, 2015 1:41pm Jan 22, 2015 1:41pm
Quoting Ira.WSJ
Hi everybody, My name is Ira Iosebashvili and I'm a reporter with the Wall Street Journal in New York. We're looking to talk with individual investors who had/have accounts with FXCM about the day of the Swissie's big rally (and its aftermath) for a story we're doing. We'd be interested in what trades you had on, your reaction to the big move, what you plan to do next, etc. If you care to talk, please send me an email at ira dot iosebashvili at wsj dot com. We'd love to hear from you! My two latest stories on the pain the Swiss franc's rally has...
how many stories do you publish on fxcm?
you're the 3rd wsj reporter in this thread.
also, it happens to me from time to time:
i click on a link from wsj and i cannot read it. it says i must pay a subscription.
it means that you make money, right?
so why don't we make a spread here for your stories? $1-10 (depending on how dramatic the story is).
paypall?

posted by another member:
"The funniest thing when visiting a brokers site is the disclaimer "we do not accept citizens from the United States, Iraq and North Korea" "
this should be your story!
  • #6,389
  • Edited 3:15pm Jan 22, 2015 2:32pm | Edited 3:15pm
Jesus H Christ, I can't believe it.... No spike over here at TradeStation Technologies (Monex)....

Attached Image



Quoting albchr
{image} As opposed to an accurate feed {image}
SPC * Swollen PocketZ Crew!
  • #6,390
  • Jan 22, 2015 2:38pm Jan 22, 2015 2:38pm
Quoting hatzius
{quote} how many stories do you publish on fxcm? you're the 3rd wsj reporter in this thread. also, it happens to me from time to time: i click on a link from wsj and i cannot read it. it says i must pay a subscription. it means that you make money, right? so why don't we make a spread here for your stories? $1-10 (depending on how dramatic the story is). paypall? posted by another member: "The funniest thing when visiting a brokers site is the disclaimer "we do not accept citizens from the United States, Iraq and North Korea" " this should be your...
Oh, what a headline. Would love to see it. Here's the headline

VIOLATION OF FREEDOM-US GOVERNMENT PROHIBITS TRADERS FROM USING BROKERS ABROAD
  • #6,391
  • Jan 22, 2015 2:50pm Jan 22, 2015 2:50pm
Quoting JoeNY
Jesus H Christ, I can't believe it.... No spike over here at TradeStation.... {image} {quote}
Quite odd Joe. I have another buddy here who has it on TS. I do as well. (got pictures ) But Noooooooo ... no such thing as different servers and results between clients .. eh?
Ghost Rider - WWTBMD?
  • #6,392
  • Jan 22, 2015 2:55pm Jan 22, 2015 2:55pm
Well in all fairness, the spike in the bid price cut through my stop loss but the position was kept open - so it must have been an error in the price feed, that did not effect order execution (only judging from my own case).
  • #6,393
  • Jan 22, 2015 3:12pm Jan 22, 2015 3:12pm
Christopher, oh Christopher... remember I use TradeStation Technologies from Monex Group not the FXCM "trading station" platform.

P.S. I edited the other post so no one gets confused.

Quoting albchr
{quote} Quite odd Joe. I have another buddy here who has it on TS. I do as well. (got pictures ) But Noooooooo ... no such thing as different servers and results between clients .. eh?
SPC * Swollen PocketZ Crew!
  • #6,394
  • Jan 22, 2015 3:13pm Jan 22, 2015 3:13pm
I've been using FXCM's NDD/STP model for nearly 6 years now and all of the sudden, 100-point spikes popping up on my data feed but not on others? I've actually never seen it like this before, did FXCM suddenly get THAT desperate they're running stops this obviously now? I have two choices, find another broker or wait until FXCM can stop being desperate and get back to business as usual. I'm sorry, but 100+ point spikes on a 1M chart is not business as usual in my 6 years on this account.
  • #6,395
  • Jan 22, 2015 3:18pm Jan 22, 2015 3:18pm
Quoting Bilstein
I've been using FXCM's NDD/STP model for nearly 6 years now and all of the sudden, 100-point spikes popping up on my data feed but not on others? I've actually never seen it like this before, did FXCM suddenly get THAT desperate they're running stops this obviously now? I have two choices, find another broker or wait until FXCM can stop being desperate and get back to business as usual. I'm sorry, but 100+ point spikes on a 1M chart is not business as usual in my 6 years on this account.
it happened on me once on gbpaud (a 100pip spike out of nowhere, stops filled with a slippage of -80pips).
Nothing new, you better stick to the majors
  • #6,396
  • Edited 3:43pm Jan 22, 2015 3:23pm | Edited 3:43pm
Don't get me wrong, I'm not complaining because I was in the move. To see this move on my FXCM feed but not on other feeds is concerning to me. Over the years, I've grown used to seeing people on the forums pointing out spikes like this and not seeing them on my end. Now, I'm seeing them on my end but not on others' ends. That concerns me.
  • #6,397
  • Jan 22, 2015 3:55pm Jan 22, 2015 3:55pm
Quoting thodie
{quote} did you withdraw your money from them? is it possible that they have Virtual dealer in action? {image}
Aren t they famous for it ??
Risiko birgt immer auch die Chance.
  • #6,398
  • Jan 22, 2015 3:58pm Jan 22, 2015 3:58pm
Quoting goldfinch
Anybody here trading with FXCM who has actually got an email asking for a deposit or close of positions to meet the new marging requirements? Another question, is this change of margin permanent or just to cover the volatility over the next few days? The press release wasn't clear on that.
The emails we sent to clients with information on the new margin requirements specific to their account entity (AU, UK, US, etc.) mentioned that this increase in margin may be temporary depending upon market conditions. I'll let you know more information as I receive it in terms of if/when margin may be lowered.

It's worth noting that FX prime brokers raised their margin requirements, even requiring institutional traders like hedge funds and HFTs to post higher margin. In addition, some regulators are increasing regulatory minimum margin requirements, as we saw from the NFA yesterday. We believe many other brokers, both retail and institutional, are also raising their margin requirements.
  • #6,399
  • Jan 22, 2015 4:08pm Jan 22, 2015 4:08pm
All due respect, a tighter strangle on the traders is not what is needed. A revamp of risk mitigation and working systems would help. Some brokers handled this quite well, don't lump everyone together based on a system failure.
  • #6,400
  • Jan 22, 2015 4:09pm Jan 22, 2015 4:09pm
A busy day for FXCM traders as EUR/USD volume exceeds 5.7 yards on EUR/USD.

http://i.imgur.com/46fR0qX.jpg

This volume indicator along with additional features will be included in the next release of the Trading Station desktop platform. You may have previously received an email about the update a few weeks ago, but it was delayed in order to get more feedback about the new features. The new version of the platform is now available from the website, and the forced update is expected to launch on February 6. If you want to update to the newest version, simply re-install the platform from the installation link on our website http://help.fxcm.com/Software-Download/. Please remember to save any chart or platform layouts before re-installing the platform.

This update includes the real volume indicator displayed above already install, plus additional market behavior indicators including Directional Real Volume, Market Movers Index (real volume / transactions per period), and On Balance Volume to name a few of the new features. Here’s directional real volume for example:

http://i.imgur.com/dOg1v7c.jpg

As always, any feedback on the update is appreciated.
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