FXCM Discussion | Page 7 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

FXCM with Sierra Charts - Discussion and alternatives 8 replies

Elliott Waves discussion 4 replies

FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies

Euro/Dollar discussion 9 replies

Forward Testing Discussion Thread 241 replies

Attachments: FXCM Discussion
Exit Attachments

FXCM Discussion

  • #121
  • Apr 4, 2007 1:57pm Apr 4, 2007 1:57pm
thanks for responding. I Understood how the standard fxcm dealing desk and non dealing desk work but fxcm also offers their fxcmpro i believe it is called and it is whitel abeled through currenex. That is according to currenex's own site. I am just looking for anyone who is actually trading live with them and has any true experience. I appreciate the time you took to post...Jim!
Enter Signature
  • #122
  • Apr 4, 2007 2:08pm Apr 4, 2007 2:08pm
I would say avoid anything to do with fxcm, as it will have the same principles.

I too, am confused with Currenex providers. I mostly trade economic news, and wondered if this was possible through a currenex broker?

My point is, I know Currenex is meant to be anonymous, but if you keep hitting one bank at news time, the broker will ask you to leave wont they?
Forex rules
  • #123
  • Apr 9, 2007 11:55am Apr 9, 2007 11:55am
Quoting Poocher
This guy says FXCMpro adds pips.
The quote is from this thread:
http://elitetrader.com/vb/showthread...agenum ber=45


"2cents


Registered: Jun 2005
Posts: 2014


04-02-07 09:52 AM

Quote from danger66:

I've seen the same thing, LonEagle. I agree with you. Better spreads on CX than HotSpotFxi and definitely not the other way around.

yeah but how about the fills... see, i have been dual-spreading hundreds of "small" orders on both platforms, why is it that the overwhelming majority of my fills come from HSFXi and i have to cancel my Currenex orders? how many times have i seen my limit touched on Currenex and i don't actually get a fill? (i have 2 accesses, FXCMPro (they try to add 1 pip on exit), and ODL/RBS ("true" mkt spread), so i can compare)... TOO often, that's how... too many stale orders on Currenex, and/or abuse of "last look" option by liquidity providers...

although it's true that the spreads are marked up on the fxcmpro platform (not by much) hotspot actually charges commission on top of their spreads (this may or may not be relevent depending on your trading size/volume). i considered trying hotspot anyway until i discovered that their best leverage is only 50:1.


for now, i'm sticking it out with where i am since overall i haven't had any real execution issues (i almost always use only market orders). if anyone else can suggest another shop that can give 200:1 leverage, no commissions and ECN style interface please let me know...i'm open to considering what else may be out there.
  • #124
  • Apr 9, 2007 8:02pm Apr 9, 2007 8:02pm
if your gonna use fxcm it will be best to go with there currenex platform.
If I Go Broke Trying Then I Will die happy.
  • #125
  • May 18, 2007 2:14am May 18, 2007 2:14am
via email: "Starting May 27, 2007, two new product enhancements will be available:

1) "At Best" Order Selection: Get filled every time you submit a market order, even
during fast moving markets.

2) Large Orders: FXCM is eliminating the restriction on maximum order sizes.
"At Best" Order Selection

"At Best," which is short for "At Best Price," will enable you to be filled every time you
submit an order. You will have the option of never again receiving the messages: "The
market has moved" or "The price has expired." When an "At Best" order is submitted,
you are filled at the best available rate that is streamed to FXCM from multiple global
banks and financial institutions. The price may not always be at the exact rate displayed
when the order is submitted. "At Best" offers the certainty of being filled, with the
benefits of having multiple banks compete to give you the best rate.
When executing market orders, FXCM clients will now be able to choose between two
order types: "Market Range," the current method for order execution, and the new option,
"At Best." The default setting will be "Market Range"; therefore, clients that prefer the
current method of execution will not have to make any changes.
If you trade during non-farm payrolls or other big news events, you know that prices can
change very quickly. The price providers for the No Dealing Desk often feed FXCM
hundreds of quotes within a single second during volatile market conditions.
Unfortunately, this speed of change has prevented some orders from being executed.
Now, you can choose between having your orders filled every time they are submitted or
having control over the exact price range in which orders are filled. Read More About "At
Best" Orders
Large Orders

There are no restrictions on order sizes; however, clients trading in sizes of more than
$3,000,000 (30 100K lots) who want the entirety of their orders filled should use
"At Best" price execution. Our price providers, including large international banks,
stream quotes that are valid for different liquidity amounts. One bank may provide a price,
that is good for $2 million and another for $5 million. In order to provide clients with best
price for large orders, the client may have their order executed from prices provided by
multiple banks.
The execution for all types of large orders is new. Large orders may be partially filled or
broken into smaller units, which may be filled at different price levels. The execution
methodology for large orders will fall into four categories: 1) Market Range, 2) At Best, 3)
Limit and Limit Entry, and 4) Stop and Stop Entry. Read More about Large Order
Executions
Best regards, Sales & Client Services, Forex Capital Markets, LLC "
If I Go Broke Trying Then I Will die happy.
  • #126
  • May 18, 2007 3:20am May 18, 2007 3:20am
I wonder what their policy will be on off market fills
  • #127
  • May 21, 2007 9:11am May 21, 2007 9:11am
at best seems a dangerous functionnality to me :-/
  • #128
  • May 22, 2007 3:05am May 22, 2007 3:05am
Quoting kentastisfx
well, yeah ur a bit lost.

Here u go:

1. Only traders with 10 yrs of exp work in the support :
2. The poor guy in the end suddenly lost his thought, and thought that we were discussing execution(after the NFA link)
3. This is impossible to have non-dealing desk
wow, he wasn't talking about not having a dealing desk, he was talking about there no dealing desk execution witch they do have.
If I Go Broke Trying Then I Will die happy.
  • #129
  • May 22, 2007 3:11am May 22, 2007 3:11am
Here u go:

1. Only traders with 10 yrs of exp work in the support :


and where you get this from, he was just letting you know what kind of experience he has.
If I Go Broke Trying Then I Will die happy.
  • #130
  • May 22, 2007 3:15am May 22, 2007 3:15am
L.M.F.A.O., seems like you was the one that was lost.
If I Go Broke Trying Then I Will die happy.
  • #131
  • May 22, 2007 3:32am May 22, 2007 3:32am
Seems like the only reason that FXCM chat was posted/ or even took place was to bash and than post it on here. What was the point??
If you love Metatrader, why even look for info with FXCM?
Maybe you should study the NFA ruling a bit more in depth....I don't use FXCM due to spread sizes....though not many FX brokers out there offer as much research as FXCM.
I read the research posted by FXCM, for the fundie input, and they are very insightful as I am more of a TA trader. The FA's they offer, that I have read over the past months have been fairly spot on.....Can't see how that is a negative to FXCM customers in the least. They sent an email about a month ago stating to stay long and target the 1.3660 area....and take profits....again seems customer friendly there.
And YES, they do have a dealing desk (fixed spread) and a non-dealing desk, also offer currenex ( 10k account size ) they may beef up the spread a pip or so on that.....though try to get a currenex account elsewhere for 10k....best look long and hard, mine is a minimum of 50k to trade currenex.
My thoughts
Proper Prior Planning Prevents Piss Poor Performance
  • #132
  • May 22, 2007 4:18am May 22, 2007 4:18am
User: wanted to ask you if you do announce statistics about your web-site visits
User: i mean number of visits to fxcm.com
User: as Saxo Bank did
User: thx in advance


the guy wanted to know the number of visits to fxcm website, that was strange, just didn't sound right.
If I Go Broke Trying Then I Will die happy.
  • #133
  • May 22, 2007 4:16pm May 22, 2007 4:16pm
The poster worked for a competitor and was being a bit unprofessional.. that is about all that should be said.
  • #134
  • May 22, 2007 4:22pm May 22, 2007 4:22pm
Quoting smjones
The poster worked for a competitor and was being a bit unprofessional.. that is about all that should be said.
never seats to amaze me
  • #135
  • May 22, 2007 5:05pm May 22, 2007 5:05pm
Quoting smjones
The poster worked for a competitor and was being a bit unprofessional.. that is about all that should be said.
Appears others have agreed with you, as the "bashing'' post has been removed !

Well done
Proper Prior Planning Prevents Piss Poor Performance
  • #136
  • May 23, 2007 8:34am May 23, 2007 8:34am
Hi Everyone,

I noticed this thread yesterday. I work for FXCM and I was able to see where kentastisfx IP address came from and it turns out he works for North Finance which is why all of his postings on this forum are pro North Finance (if you do a search for his name). I put in a complaint with the Moderator of Forex Factory and they deleted his posting. Thank you for doing so.
  • #137
  • Jun 11, 2007 1:41am Jun 11, 2007 1:41am
Today, i got an update. Afterwards, no more squawk box!

I have always used their squawk box and other information (such as support and resistances) as guide to my TA trades... just when I was having a system with it, boom, squawk no more.
  • #138
  • Jun 11, 2007 1:56am Jun 11, 2007 1:56am
It appears that going through this update causes the loss of the news plugin.

Now, only the clients of FXCM are going to be able to access it from I see. Though I'd love to be proved wrong.

I wonder though if someone doesn't do the update if they lose it...

Someone should try.
  • #139
  • Jun 11, 2007 2:07am Jun 11, 2007 2:07am
Quoting Hagbard Celine
It appears that going through this update causes the loss of the news plugin.

Now, only the clients of FXCM are going to be able to access it from I see. Though I'd love to be proved wrong.

I wonder though if someone doesn't do the update if they lose it...

Someone should try.


You can't not update. If you do cancel it takes you back to the login box, and repeats the process.
  • #140
  • Jun 11, 2007 2:45am Jun 11, 2007 2:45am
Quoting BurgerKing
Today, i got an update. Afterwards, no more squawk box!

I have always used their squawk box and other information (such as support and resistances) as guide to my TA trades... just when I was having a system with it, boom, squawk no more.

Hey ,

You can chk the same by clicking "RESEARCH" button and get suawk Box

Try it
7 traders viewing now