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FXCM Discussion

  • #8,501
  • Jan 26, 2016 5:25pm Jan 26, 2016 5:25pm
Quoting nprevert
I'm interested in NDD account where you have actual trade taking place, anyway would it be against your TOS if I make a initial 2k deposit just to activate the account and take out most of the money after that. Thanks
When you open an FXCM trading account, you're free to withdraw your funds whenever you like, provided they are not required as margin for your open positions.
  • #8,502
  • Jan 26, 2016 5:26pm Jan 26, 2016 5:26pm
Quoting slade1986
Jason, Is there no way to increase the max number of symbols in trade station? Thanks, Slade
Yes, there is a way, Slade1986

If you email our Operations department at admin [AT] FXCM (dot) COM, then you can request for the 20-symbol limit on Trading Station to be removed from your account.
  • #8,503
  • Jan 26, 2016 5:29pm Jan 26, 2016 5:29pm
Hey Jason, sent you a PM hope to hear back
Learn, a forex trader must, unlearn and relearn he will.
  • #8,504
  • Jan 26, 2016 5:30pm Jan 26, 2016 5:30pm
Quoting spzd
I agree with Jason. This is a smart move on FXCMs part. Limiting the amount allowed to trade in USDCHN is also wise. There has been serious discussion of the peg being dropped on the HKD which would result in some possible extreme volatility. I, for one, think FXCM has been doing an exemplary job the last year!!
Thanks Spzd, it means a lot to hear you say that!
  • #8,505
  • Jan 26, 2016 5:44pm Jan 26, 2016 5:44pm
Quoting COGSx86
Hey Jason, sent you a PM hope to hear back
Thanks COGSx86, I just replied.
  • #8,506
  • Edited Jan 27, 2016 2:14am Jan 26, 2016 11:01pm | Edited Jan 27, 2016 2:14am
IT should be up to the trader's own discretion if he wants to trade USD/HKD, FXCM does not need to take a father role here !!!
Quite sure that the decision taken here is more in FXCM's interest then the trader's !
COme on FXCM, in the trader's best interest.......really ??
Enter Signature
  • #8,507
  • Jan 27, 2016 6:32am Jan 27, 2016 6:32am
Fractional Pricing.

OK, so fractional pricing has started on the Dax (Ger30) and I have been observing it since it started a few minutes ago. This was touted as being of benefit to traders but just at this moment I fail to see how a consistently increased spread by 0.5 is of benefit to any trader? Cost of doing business increasing is supposed to be a good thing huh? for whom? for FXCM prehaps?

Any comments? Please feel free to respond.


Added. And just a suddenly it seems to have disappeared and back to integers again. A brief glimpse of what is to come?
  • #8,508
  • Edited 11:59am Jan 27, 2016 10:25am | Edited 11:59am
A possible error regarding quotes on MT4??

I set a trade today, like any other day, and noticed something VERY wrong. My quotes on the chart for MT4 (the right side quotes that follow live prices, circled in red in the attached image) are OFF from the spread on the left side in the market watch bar (circled in blue on the left). The trade itself (circled in blue on bottom of chart) is working based on the prices shown in the market watch. The issue here is that the chart is showing a different price than what is really the price for trading, which would also make the charts look different than what it would be if it were based on the market watch. I dont understand how this is happening, I have tested it with multiple devices, a fresh install of MT4 on a brand new computer, and the android app as well. All three of my devices are showing the same issue, so it must be server side. It isnt an indicator issue, I dont have any indicators on the android app and it is still doing the same thing. Can you please explain Jason?

Attached Image (click to enlarge)
Click to Enlarge Name: Quote problems with bid ask.PNG Size: 95 KB


EDIT: I have contacted FXCM via live chat, and they told me that this is a known issue, and he directed me to this link.

http://help.fxcm.com/us/Top-10-Quest...ow-spreads.htm

While I understand the situation, it is going to keep me from opening an active account with FXCM. To offer something that doesn't work correctly and could affect your trades, ESPECIALLY when dealing with real money, is very unappealing.

Jason, do you have any idea when they will implement the changes to accurately show the prices? I was an aspiring client, but now I might have to go with another broker.
  • #8,509
  • Jan 27, 2016 6:10pm Jan 27, 2016 6:10pm
Quoting johninthai
IT should be up to the trader's own discretion if he wants to trade USD/HKD, FXCM does not need to take a father role here !!! Quite sure that the decision taken here is more in FXCM's interest then the trader's ! COme on FXCM, in the trader's best interest.......really ??
Given what happened with the EUR/CHF last year, I believe the precautions we are taking now are in everyone's best interest, especially with the increased geopolitical risks in Europe and economic risks in China.

The primary change FXCM has made is to remove currency pairs from our platform that carry significant risk due to over-active manipulation by their respective government either by a floor, ceiling, peg or band. We also raised margin requirements for other pairs as well. Some of these changes will be permanent while others may change as geopolitical risks change.

Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.
  • #8,510
  • Jan 27, 2016 6:19pm Jan 27, 2016 6:19pm
Quoting nbfx
Fractional Pricing. OK, so fractional pricing has started on the Dax (Ger30) and I have been observing it since it started a few minutes ago. This was touted as being of benefit to traders but just at this moment I fail to see how a consistently increased spread by 0.5 is of benefit to any trader? Cost of doing business increasing is supposed to be a good thing huh? for whom? for FXCM prehaps? Any comments? Please feel free to respond. Added. And just a suddenly it seems to have disappeared and back to integers again. A brief glimpse of what is...
Hi Nbfx,

The spreads on DAX (GER30) have increased when market conditions warranted even before the implementation of CFD decimalization. If anything, quoting prices to two extra decimal places should help make such increases less dramatic (0.5 points instead of 1 full point). This implementation will be completed in steps.

Over the next few weeks we will be decimalizing these instruments:

  1. US30
  2. SPX500
  3. NAS100
  4. UK100
  5. FRA40
  6. GER30
  7. HKG33
  8. AUS200
  9. EUSTX50
  10. USOil
  11. UKOil
  12. NGAS


That means the CFD prices will be quoted to two decimal places. The pip value itself will remain the same.

Decimalized pricing on CFDs allows you to trade with:

  1. Increased precision in stop orders
  2. Increased transparency as the pricing will more accurately reflect the underlying market


CFD decimalization will benefit FXCM clients as shown in this example:

Suppose the DAX price is 9713.48 and you are long GER30 with a stop at 9713.00. Previously, with no decimalization, you would have been stopped out of your trade, because the price would have rounded down to 9713. With decimalised quotes, however, you can still be in this trade.

  • #8,511
  • Jan 27, 2016 6:35pm Jan 27, 2016 6:35pm
Quoting Hungy1
I have contacted FXCM via live chat, and they told me that this is a known issue, and he directed me to this link. http://help.fxcm.com/us/Top-10-Quest...ow-spreads.htm While I understand the situation, it is going to keep me from opening an active account with FXCM. To offer something that doesn't work correctly and could affect your trades, ESPECIALLY when dealing with real money, is very unappealing. Jason, do you have any idea when they will implement the changes to accurately show...
A solution has already been implemented for our non-USD MT4 servers. The fix for US dollar-denominated MT4 accounts is still pending, but I'll let you know when I have more information on that. In the meantime, to see chart prices that match what you already see in the Market Watch window of the platform, you can try one of our Euro-denominated MT4 demos.

Note that this issue only affects charts on the MT4 platform, not Trading Station, NinjaTrader, Mirror Trader of any of the other platforms FXCM offers.
  • #8,512
  • Edited 8:38am Jan 28, 2016 1:27am | Edited 8:38am
Quoting Jason Rogers
..... That means the CFD prices will be quoted to two decimal places. The pip value itself will remain the same.

Decimalized pricing on CFDs allows you to trade with:

  1. Increased precision in stop orders
  2. Increased transparency as the pricing will more accurately reflect the underlying market

CFD decimalization will benefit FXCM clients as shown in this example:

Suppose the DAX price is 9713.48 and you are long GER30 with a stop at 9713.00. Previously, with no decimalization, you would have been...

Would it not be better to offer real futures with real exchange pricing and day margines of $400*, $500* & $1,000* on ES, YM & FDXM respectively. A true 100 % transparent NDD trading envirionment. No ?

* readily available rates
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #8,513
  • Jan 28, 2016 2:02am Jan 28, 2016 2:02am
Good point Phylo is making here !
Enter Signature
  • #8,514
  • Edited 11:29am Jan 28, 2016 10:58am | Edited 11:29am
Possibly the best mobile platform
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Interceptor.PNG Size: 116 KB
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #8,515
  • Jan 28, 2016 11:44am Jan 28, 2016 11:44am
Hey Jason, I have two fxcm accounts running on Mirrortrader and I have noticed that the displayed prices feeds (or spreads) are clearly different. Are you guys adjusting the spread based on account size on Mirrortrader or should they be identical (they are not)? Thanks. BTW, those are EU prices
Attached Image
  • #8,516
  • Jan 28, 2016 3:42pm Jan 28, 2016 3:42pm
Quoting nonlinear
Hey Jason, I have two fxcm accounts running on Mirrortrader and I have noticed that the displayed prices feeds (or spreads) are clearly different. Are you guys adjusting the spread based on account size on Mirrortrader or should they be identical (they are not)? Thanks. BTW, those are EU prices {image}
Hi Nonlinear,

It looks like you have one Standard account, and one Mini account.

Standard FXCM accounts trade on No Dealing Desk (NDD) forex execution with low spreads and commmissions. Mini accounts trade on DD execution and with all inclusive spreads and no commissions.

The minimum to open a Standard account is $2000, and the minimum to open a Mini account is $50. This table has more information comparing these account types: http://bit.ly/1OGQHzK
  • #8,517
  • Jan 28, 2016 5:07pm Jan 28, 2016 5:07pm
Quoting Phylo
{quote} Would it not be better to offer real futures with real exchange pricing and day margines of $400*, $500* & $1,000* on ES, YM & FDXM respectively. A true 100 % transparent NDD trading envirionment. No ? * readily available rates
Quoting johninthai
Good point Phylo is making here !
While our CFD execution is DD like most of the industry, FXCM has no re-quotes which can be a problem traders may experience with other CFD brokers.

Like you, FXCM believes the No Dealing Desk (NDD) model is the most fair and transparent to provide to traders which is why we have offered NDD forex execution since 2006. That was when we were first able to convince forex liquidity providers to offset individual client orders as small as one mini lot. In 2012, we extended our NDD forex execution to include micro lot orders.

While we haven't yet been able to set up such an NDD arrangement with CFD liquidity providers for the order sizes our clients demand (we offer micro lot CFD trading and a $50 account minimum, neither of which is available with futures), it is a long term goal of ours. CFD decimalization is an important step in that direction.
  • #8,518
  • Jan 29, 2016 2:51am Jan 29, 2016 2:51am
Given what they have said about "no-requote", but how about the off quote issue? in about 15min i could not close the trade or place new trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_15.jpg Size: 384 KB
seeing through
  • #8,519
  • Jan 29, 2016 3:59am Jan 29, 2016 3:59am
Quoting Jason Rogers
{quote} {quote} While our CFD execution is DD like most of the industry, FXCM has no re-quotes which can be a problem traders may experience with other CFD brokers. Like you, FXCM believes the No Dealing Desk (NDD) model is the most fair and transparent to provide to traders which is why we have offered NDD forex execution since 2006. That was when we were first able to convince forex liquidity providers to offset individual client orders as small as one mini lot. In 2012, we extended our NDD forex execution to include micro lot orders. While we...
So just to be clear. FXCM are making the market on all the quoted indices and commodities, are the counter-party to the trades and as such control the pricing according to their order book (with regard to the underlying)?
  • #8,520
  • Jan 29, 2016 6:11am Jan 29, 2016 6:11am
And what is going on with the ger30 spread? flashing 4.00 or 5.00 or 6.00 only to revert back to about 1.5. On a tick chart it opens and closes randomly and frequently without actually printing a tick (but I'll bet it takes trades out tho.)
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