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  • #281
  • May 29, 2008 11:26am May 29, 2008 11:26am
Micro accounts ( $0.1 per pip ), be warned soon, unless you opt out so don't miss the e-mail to opt out.

Although claiming lower margin requirement and 30-40% lower spreads.

But if the single biggest order i can place is $1 per pip, I'm not interested as I generally trade $1 - $4 per pip currently and placing 4 seperate orders sounds like hassle.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #282
  • May 29, 2008 12:57pm May 29, 2008 12:57pm
... This gives smaller traders more options in their account. If you want to trade $4, trade 4 lots. However now you can trade 3.5 lots if you wanted. Or 3.8 lots. You will still be able to trade 1, 2, 3, 4 mini lots. See how those options work?

It allows smaller accounts to have better margin management.
The basis of a democratic state is liberty. ~ Aristotle
  • #283
  • May 29, 2008 1:31pm May 29, 2008 1:31pm
well said. any account under roughly 25,000 should be using micro lots for better position sizing and risk management. it also frees you to scale out of positions much more effectivly. many stay with this with even with accounts much larger than 25,000. much much larger.

Quoting Vensik
... This gives smaller traders more options in their account. If you want to trade $4, trade 4 lots. However now you can trade 3.5 lots if you wanted. Or 3.8 lots. You will still be able to trade 1, 2, 3, 4 mini lots. See how those options work?

It allows smaller accounts to have better margin management.
  • #284
  • May 29, 2008 2:10pm May 29, 2008 2:10pm
/Honored at a response from J16.

Yes, I have demanded micro lots for 50k accounts. Why settle for less options? I monitor the percentage of my account in the market constantly and like to have it exact if possible.
The basis of a democratic state is liberty. ~ Aristotle
  • #285
  • Jun 18, 2008 11:02am Jun 18, 2008 11:02am
i just called them up today, they told me the Metatrader 4 is not up and really. is anybody else already using mt4 with FXCM yet?
  • #286
  • Jun 18, 2008 11:04am Jun 18, 2008 11:04am
I spoke to them a few months ago and they told me they'd be ready by Summer at the latest.

I highly doubt it to be honest.
  • #287
  • Jun 18, 2008 4:59pm Jun 18, 2008 4:59pm
I am evaluating some brokers and FXCM was one of them. I called them last week asking about MT4 and they said several weeks.
  • #288
  • Jun 18, 2008 5:28pm Jun 18, 2008 5:28pm
Are you talking about demo accounts? I'm still waiting for the demo accounts to be ready.

I thought they had live MT4 accounts for more than a month. I don't personally have a live account with them but some people in this thread said they had one. I've seen people on several forums talking about their new live MT4 accounts. Is FXCM going backwards now?
  • #289
  • Jun 18, 2008 6:19pm Jun 18, 2008 6:19pm
I beleive current clients with FXCM are able to use MT4. They are just not adding clients to MT4 on either demo or live at least according to customer service as of a week ago.
  • #290
  • Jun 25, 2008 2:53pm Jun 25, 2008 2:53pm
I have download the demo software of dbfx and amazed to see that it was also same as fxcm's trading station2. I heard that dbfx is actually fxcm. But i was woundering that there are lot of broker's using Mt4 platform like Alpari, fxdd, Fxpro , Odl etc but everyone have a seprate entity with same Mt4 Platform. So same is the case with dbfx as it's a Deutsche Bank & working since from 1981.
But strange that both dbfx & fxcm open at the same time, identical in every way. Same quotes with same software?
  • #291
  • Jun 25, 2008 2:57pm Jun 25, 2008 2:57pm
Ah Now Just saw this related thread
http://www.forexfactory.com/showthread.php?t=48245
  • #292
  • Jun 30, 2008 7:32am Jun 30, 2008 7:32am
Quoting MrFuture
I use mgforex.com and I love them.

Their server is NEVER down, and I never saw any weird tricky things coming from them.

They are also bond insured and registered with the NFA. They've been in business since 1992, which is a lot for a forex broker.

The ONLY thing I do not like is that they only "show" a little over $6 million, when current cftc min is $5 million.

Yet, when the min was $1 million a couple of months ago, they always only showed a couple of hundred thousand $$$ above that, and when the switch occurred, the immediately showed $6 million, so it seems that they do have $$$ somewhere.

In an interview, the CEO claimed that he does not see the need to show a little more than the required minimum, when the rest of the funds can be used for other purposes.

Basically, we'll never know how much they really have.

That's my only complain with them.

I am surprised nobody talks about them in here, probably because they do no advertise like other big brokers do.

And btw, I am a profitable trader who places an average of 1 trade per day in all market conditions and no problems with them at all.

I gotta be honest and say that once my current acct reaches $10,000.00, I will most likely try out Deutsche Bank, simply because I want more peace of mind (they are huge). But I will still keep my MGForex acct open to hedge my bets.

Check them out www.mgforex.com and you will see how they are. They also have an introduction video on their website that shows their offices.

Good luck !
I use MGforex too, they are good....but do you know when they are going to launch their new trading platform?
  • #293
  • Jun 30, 2008 9:11am Jun 30, 2008 9:11am
Just checked out MGforex, are these really their spread or they don't update their websites?

EURUSD 3
USDJPY 4
GBPUSD 5
USDCHF 5
AUDUSD 5
USDCAD 5
AUDJPY 7
EURJPY 5
GBPJPY 8
EURGBP 5
  • #294
  • Jun 30, 2008 1:32pm Jun 30, 2008 1:32pm
I was wondering has anyone tried their new Micro account option live yet? I've just opened a demo and loved it so far, but haven't tried live. Was wondering if anyone has?
  • #295
  • Jun 30, 2008 1:44pm Jun 30, 2008 1:44pm
Quoting FxJarhead
Vicebet,

You are not going to find a "REGULATED" Broker offering 200:1.
FYI....To be nothing but helpful, if you don't know your brokers, you should not be looking for high leverage either. Only you really care about your own money.....spend some time on the phone talking to actual brokerage houses.

Fxj
Take a look at FX Solution's margin.
  • #296
  • Jun 30, 2008 3:51pm Jun 30, 2008 3:51pm
Quoting nvwine
Take a look at FX Solution's margin.
Take a look at FXCM and Gain as well.
  • #297
  • Jun 30, 2008 6:21pm Jun 30, 2008 6:21pm
FXCM’S MT4 Status Update

Dear Trader:

FXCM would like to apologize for the delays in launching our MetaTrader 4 Platform. Our developers are working toward a seamless integration of MT4s front-end and FXCM’s trading and back-office systems. An overriding concern, of course, is data security and risk management.

We currently have 100 clients trading live on the FXCM MetaTrader 4 platform as we continue to streamline the integration.

We hope to expand this number to several hundred within the next few weeks, in preparation for a full launch.

We appreciate your patience.

You can sign up for an FXCM account to try the FX Trading Station Platform—reputed to be one of the most user-friendly retail forex trading platforms.

You can also trade from charts, using FXCM’s Marketscope Charting package, and access FXCM’s client service staff 24 hours a day, 7 days a week, 365 days a year via phone, chat, and email.

Open Demo Account

FXCM provides No Dealing Desk trading execution to thousands of live trading accounts.*

No Dealing Desk execution eliminates the potential for a major conflict of interest between broker and trader, thus differentiating FXCM from many MetaTrader brokers, which act as market makers. Trades are executed back to back with some of the world's leading banks or financial institutions as they stream competing prices to FXCM. Learn More

If you have any questions, please call one of our currency specialists, who are available 24 hours a day, at 888-503-6739, or email us at [email protected].
We look forward to serving you.
Best regards,

FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
646-432-2968
[email protected]
www.fxcm.com
If I Go Broke Trying Then I Will die happy.
  • #298
  • Jul 9, 2008 3:32am Jul 9, 2008 3:32am
I just recently made money with FXCM and tried to close a profitable position and I get this message that says Access Violation so I couldn't close the position. I contacted them and they said they would fix it and it shouldn't happen again but low and behold I tried closing the position again and the same thing happened. Does a trader need to put up with such bad service? Anybody have similar experience with this broker? I'm about ready to look for a new broker.
  • #299
  • Jul 9, 2008 4:17am Jul 9, 2008 4:17am
here here... haha.... happens all the time, platform freezes, have to restart the platform and try logging and and restart and try logging in until it works... but by that time, the market's turned around on you..
  • #300
  • Jul 9, 2008 4:19am Jul 9, 2008 4:19am
google "earn forex" and "forex peace army" etc. and find more horror stories... hehe, i've found out 3 years too late, but it doesn't matter, i'm going long term now, save my brain cells...
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