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FXCM Discussion

  • #7,921
  • Aug 10, 2015 12:24pm Aug 10, 2015 12:24pm
Quoting tasco
{quote} So FXCM was not in compliance with CFTC regulations for years by offering negative balance protection to U.S. clients and by forgiving negative balance of U.S. clients in the SNB event? I applaud FXCM for honoring their negative balance protection during the SNB event, from a client's perspective. However, by continuing to offer negative balance protection to clients of other countries, wouldn't this put investors at risk and at a loss? As well as clients if funds are not segregated? How much did FXCM lose because of the negative balance...
Hi tasco,

It was FXCM's decision to forgive the majority of traders negative balances after the SNB event. In the UK and Australia, we still maintain a negative balance policy but it is capped at $50,000 per client. This protection cannot be extended to US clients because of CFTC regulation 5.16 which states that a broker may not in any way represent that it will guarantee against losses.

Jason
  • #7,922
  • Aug 11, 2015 7:00am Aug 11, 2015 7:00am
Quoting Jason Rogers
{quote} Hi tasco, It was FXCM's decision to forgive the majority of traders negative balances after the SNB event. In the UK and Australia, we still maintain a negative balance policy but it is capped at $50,000 per client. This protection cannot be extended to US clients because of CFTC regulation 5.16 which states that a broker may not in any way represent that it will guarantee against losses. Jason

hi Africa
can you tell me why you have disabled my account ??? ,,You saw my money run in your pocket ??
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  • #7,923
  • Aug 11, 2015 7:38am Aug 11, 2015 7:38am
Quoting spacca
{quote} hi Africa can you tell me why you have disabled my account ??? ,,You saw my money run in your pocket ?? {image}
  • #7,924
  • Aug 11, 2015 7:44am Aug 11, 2015 7:44am
Quoting Jason Rogers
{quote} Jason
Hi Jason,

Can I download 1000 historical (last close price to 1000 in thr past) into a excel spread sheet. Just each number per cell? I've been trying buy having trouble getting to be raw prices.

Thanks
  • #7,925
  • Aug 11, 2015 3:35pm Aug 11, 2015 3:35pm
Quoting LuKa12
{quote} Hi Jason, Can I download 1000 historical (last close price to 1000 in thr past) into a excel spread sheet. Just each number per cell? I've been trying buy having trouble getting to be raw prices. Thanks
Hi Luka,

With our Trading Station platform, you can export up to 600 periods of historical data to Excel at a time from the Table view of your Marketscope charts.

Attached Image (click to enlarge)
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If you need more historical data, you can get that from our Historical Data Downloader.
  • #7,926
  • Aug 11, 2015 3:50pm Aug 11, 2015 3:50pm
holaaaaaa Janson Rogers cucuuu where are my money ??
  • #7,927
  • Aug 11, 2015 4:09pm Aug 11, 2015 4:09pm
Quoting spacca
can you tell me why you have disabled my account ???
Hi Spacca,

I don't have access to such information. Please email our Compliance department ([email protected]) with any questions about your account.

I notice your forum profile mentions that you live in Burma. Please note that regulations prohibit us from offering trading services where you live.
  • #7,928
  • Aug 11, 2015 8:11pm Aug 11, 2015 8:11pm
If FXCM shares on stock market go to $0 does that mean FXCM is bankrupt? Or is the FXCM listed on NYSE just a fraction of the company? sorry, total newb question.
  • #7,929
  • Aug 11, 2015 11:12pm Aug 11, 2015 11:12pm
Quoting Jason Rogers
{quote} Hi anudora, Yes, the account update will allow you to trade with a lower spread than what you see in your existing account. Could this apply to Australia accounts in the future? I guess anything is possible but I dont know of any plans at the moment which is why were giving the option to transfer. There is no balance requirement or trading volume requirement in order to take advantage of the reduced spreads when you transfer to FXCM UK. Jason
you know what it mean by variable spread? at peak time of the market , you will get screwed as the spread will show a variation of even 3 to 4 pips..
i guess in that case i am lucky . i am trading with 1.5 pips net and any move above 1.5 pip is profit .there is no swap too....thank god in middle east charging interest rate is taboo.
Dont follow me if others express my same view, you get screwed!
  • #7,930
  • Aug 12, 2015 2:59am Aug 12, 2015 2:59am
Jason,

Not so long ago i have a problem regarding un-triggered SL...
now it's happening again....

pls. find attached file...

EP = 138.324
SL = 138.337
TP = 140.324
CLOSED = 138.178

Why it was closed at 138.178 instead of 138.337? Again and again?

brgrds,
st888
Attached Image (click to enlarge)
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  • #7,931
  • Aug 12, 2015 1:34pm Aug 12, 2015 1:34pm
Quoting bobbyspider
If FXCM shares on stock market go to $0 does that mean FXCM is bankrupt? Or is the FXCM listed on NYSE just a fraction of the company? sorry, total newb question.
Hi Bobby,

The stock price is a reflection of shareholder value as a result of the loan FXCM received from Leucadia in January. As our CEO Drew Niv mentioned during last week's earnings call, our plan is to pay back that loan by the end of the year, and we have outlined certain asset sales to accomplish this: http://i.imgur.com/DTfLu3b.jpg

Also, it's important to note that despite the events of January 15th, our capitalization remains at levels similar to before the SNB event: http://bit.ly/10Pq5FJ

While I'm not authorized to comment on our stock price beyond that, you're welcome to contact our Investor Relations department with any related questions: http://bit.ly/1SEYg7W
  • #7,932
  • Aug 12, 2015 1:58pm Aug 12, 2015 1:58pm
Here is a nice article about FXCM stock price:

http://leaprate.com/2015/08/misunder...and-valuation/

Its not very attractive to hold fxcm stock due to the loan-agreement with Leucadia. The core retail business is doing alright tho.
  • #7,933
  • Aug 12, 2015 3:03pm Aug 12, 2015 3:03pm
Quoting skuwait
{quote} you know what it mean by variable spread? at peak time of the market , you will get screwed as the spread will show a variation of even 3 to 4 pips..
FXCM spreads are variable because they reflect the prices we receive from our liquidity providers. These liquidity providers (which include several of the largest banks in the world) will sometimes widen their spreads during times of high volatility (such as news events) or low liquidity (such as the weekly open and the 5pm New York Close).

If another broker does not widen their own spreads at such times, then it means they are not accurately reflecting the prices available from liquidity providers. As a result, such brokers may requote your orders rather than fill you at a price they cannot offset. With FXCM, there are no requotes, because our prices reflect the wider market.
  • #7,934
  • Aug 12, 2015 3:33pm Aug 12, 2015 3:33pm
Quoting Jason Rogers
{quote} FXCM spreads are variable because they reflect the prices we receive from our liquidity providers. These liquidity providers (which include several of the largest banks in the world) will sometimes widen their spreads during times of high volatility (such as news events) or low liquidity (such as the weekly open and the 5pm New York Close). If another broker does not widen their own spreads at such times, then it means they are not accurately reflecting the prices available from liquidity providers. As a result, such brokers may requote...
what i witness most of the time when dealing with variable spread is , at peak time we see a spike which stop out the trade and some time even if we are hedged due to the variation in spreads the hedged position too get blow up.This is frequently i witness in one brokerage house ( not fxcm) later they take this variable spread as a excuse. even for stop out too this variable spread is a good reason they point out most of the time..
Dont follow me if others express my same view, you get screwed!
  • #7,935
  • Aug 12, 2015 3:38pm Aug 12, 2015 3:38pm
[quote=shrike;8432807]Here is a nice article about FXCM stock price: http://leaprate.com/2015/08/misunder...and-valuation/ Its not very attractive to hold fxcm stock due to the loan-agreement with Leucadia. The core retail business is doing alright tho.[/quote


I agree with you ,FXCM will survive well they are so strong and organized ,I tried to open account with them but they never replied me back I will try again when I have big sum .
ATC brokers use them as there liquidity provider and they are very good broker so don't believe bad things about them until it is proved other wise. good luck and have a nice day
focus while relaxed to see better
  • #7,936
  • Aug 12, 2015 4:14pm Aug 12, 2015 4:14pm
Quoting shrike
Here is a nice article about FXCM stock price: http://leaprate.com/2015/08/misunder...and-valuation/ Its not very attractive to hold fxcm stock due to the loan-agreement with Leucadia. The core retail business is doing alright tho.
Thanks for sharing that article, Shrike
  • #7,937
  • Aug 12, 2015 5:15pm Aug 12, 2015 5:15pm
Quoting orabi
I agree with you ,FXCM will survive well they are so strong and organized
Thanks for the vote of confidence, Orabi

Quoting orabi
I tried to open account with them but they never replied me back I will try again when I have big sum .
I would like to follow up on this for you. It's possible my colleagues sent you a reply that was blocked by your email spam filter. Please send me a private message identifying the email address you used on your account application, and I will check the status.
  • #7,938
  • Aug 12, 2015 5:23pm Aug 12, 2015 5:23pm
Quoting seatrader888
Jason, Not so long ago i have a problem regarding un-triggered SL... now it's happening again.... pls. find attached file... EP = 138.324 SL = 138.337 TP = 140.324 CLOSED = 138.178 Why it was closed at 138.178 instead of 138.337? Again and again? brgrds, st888 {image}
Hi St888,

You can use this form to file a trade inquiry: http://bit.ly/1bPwxzZ

The Trade Services Team can then investigate your case, and if there was an error in our execution, FXCM will make the appropriate correction to your account.

That said, it's important to note that when a stop loss (SL) order is triggered, it becomes a market order. That means it will get filled at the best available price in the market which may not be the original price you requested. This is not a bad thing. Imagine the alternative. If a stop loss order could only be filled at the price you requested and that price was not available in the market, then your trade would remain open even if the market continued to move against you further and further resulting in even greater losses.

When an order gets filled at a different price than you requested, that is called slippage. It's worth noting that unlike with some other brokers, slippage with FXCM can be either positive or negative. Positive slippage is when your order gets filled at a better price than you requested. A study of over 43 million orders executed through FXCM during a twelve-month period revealed the following:

  1. 76.2% of all orders had NO SLIPPAGE.
  2. 13.5% of all orders received positive slippage.
  3. 10.2% of all orders received negative slippage.
  4. Over 58% of all limit and limit entry orders received positive slippage.
  5. 52% of all stop and stop entry orders received negative slippage.
  6. Over the course of that year, FXCM clients benefited from over $21 million in positive slippage.

Note that with FXCM, positive slippage is more common than negative slippage. It's only that positive slippage is more common with limit orders, while negative slippage is more common with stop orders. That's due the momentum of price movement when such order types are triggered.

  • #7,939
  • Aug 12, 2015 5:29pm Aug 12, 2015 5:29pm
Quoting skuwait
{quote} what i witness most of the time when dealing with variable spread is , at peak time we see a spike which stop out the trade and some time even if we are hedged due to the variation in spreads the hedged position too get blow up.This is frequently i witness in one brokerage house ( not fxcm) later they take this variable spread as a excuse. even for stop out too this variable spread is a good reason they point out most of the time..
Hi Skuwait,

I'm sorry to hear of your negative experience with that other broker. FXCM clients can be confident that they receive fair pricing because of our No Dealing Desk (NDD) forex execution. On the NDD model, we offset each client order one-for-one with the prices from competing liquidity providers. That means, we don't profit from your losses or lose from your profits. Instead, we make money off your trading volume, and we make the same amount whether you win or lose. Therefore, we have no incentive to execute your stop orders unfairly.
  • #7,940
  • Aug 12, 2015 6:51pm Aug 12, 2015 6:51pm
Quoting Jason Rogers
{quote} Thanks for the vote of confidence, Orabi {quote} I would like to follow up on this for you. It's possible my colleagues sent you a reply that was blocked by your email spam filter. Please send me a private message identifying the email address you used on your account application, and I will check the status.

I used this email

[email protected]

have a nice day please
focus while relaxed to see better
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