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  • #1,021
  • Apr 30, 2010 2:45pm Apr 30, 2010 2:45pm
Quoting wwwin
That's the point, on MT4 cannot be verified, that was the question. And this 1/10 pip-mark up is a blatant lie, the MT4 markup is always more than 1/10. Therefore, TSII to verify ask price is useless for FXCM MT4.
Speaking of blatant lies, your post is incorrect. There is a 1/10th pip mark-up on the MT4 accounts, and you can compare the FX Trading Station II to the MT4 spreads to see that the Ask price is marked up 1/10th of a pip.

http://img168.imageshack.us/img168/746/mt4vsfxts.jpg

No offense, but the reason why I don't answer many of your posts is because you tend to make this stuff up without any basis or ask the same question multiple times when I've already answered it.

MT4 traders can view the Marketscope charts to verify the Ask price. Please remember to take into account the 1/10th of a pip mark-up on the Ask.

-Jason
  • #1,022
  • Apr 30, 2010 2:59pm Apr 30, 2010 2:59pm
Here's an update on important events next week:

FXCM UK will be adding new CFD's this weekend for Brent Crude Oil (UK OIL), the Swiss stock index (SUI30) and the Swedish stock index (SWE30). Disclaimer: CFD's are not available for US residents.

FXCM US: Monday and Tuesday is the FXCM currency trading expo in Las Vegas. For those of you planning to attend, we look forward to meeting you. If you can't make it, I will be live tweeting during many of the workshops using the hashtag #FXCMexpo or just follow along on twitter (www.twitter.com/JasonForex).

DailyFX Live Events - May 3-7

  1. Wed (May 5th, 21:30 EST) – Australian Retail Sales (MAR) with Ilya Spivak
  2. Thur (May 6th, 7:45 EST) – ECB Rate Decision with David Song
  3. Fri (May 7th 8:30 EST) – US NFPs (APR) with John Kicklighter


I will be out of the office until Wednesday due to the expo, so any posts after today will be answered most likely on Wednesday.

Cheers,

Jason

  • #1,023
  • Edited 3:26pm Apr 30, 2010 3:01pm | Edited 3:26pm
Quoting Jason Rogers
Speaking of blatant lies, your post is incorrect. There is a 1/10th pip mark-up on the MT4 accounts, and you can compare the FX Trading Station II to the MT4 spreads to see that the Ask price is marked up 1/10th of a pip.


http://img168.imageshack.us/img168/746/mt4vsfxts.jpg


No offense, but the reason why I don't answer many of your posts is because you tend to make this stuff up without any basis or ask the same question multiple times when I've already answered it.

MT4 traders can view the Marketscope charts...
Last time I checked it was always about 6/10 of a pip higher, I will check again when I am at the computer with the MT4 FXCM demo and see if that was changed as you say. By the way, the spread that you show in the pic are not your normal spreads. The usual spread on EURUSD is 2.4 or more. I guess if you timed it you could get the spreads on your pic. As as I said, I will check this out, as I had checked that a while back and gave up on opening a live on it b/c you insisted that the spread was something that I never saw on my end. This was on the NFA no limits thread. http://www.forexfactory.com/showpost...&postcount=449
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  • #1,024
  • Edited May 1, 2010 8:47am Apr 30, 2010 11:16pm | Edited May 1, 2010 8:47am
Quoting Jason Rogers
FXCM US: Monday and Tuesday is the FXCM currency trading expo in Las Vegas. For those of you planning to attend, we look forward to meeting you. If you can't make it, I will be live tweeting during many of the workshops using the hashtag #FXCMexpo or just follow along on twitter (www.twitter.com/JasonForex).
sure it will be a fine event Jason nice and glossy, with all the SPIN FXCM can muster about their STP Non Dealing desk BULLSHIT . great to see your after the types of people that love to gamble, great for FXCM HUH.

go get that fresh meat tiger.

FXCM ND STP = BULLSHIT
FXCM ACTIVE TRADER = BULLSHIT
  • #1,025
  • May 1, 2010 7:10am May 1, 2010 7:10am
I would just like to second, third, and fourth, and fifth this motion. Get your bloody meat scumbag. I would personally like to start a forum of people who have been categorically lied to and then screwed by this giant scam. No wonder the CFTC is trying to protect consumers with a 10:1 leverage law with companies like this preying on people. Do yourself a favour if you are new to fx trading and reading this forum for information on brokers. Be very very careful. Nothing you are told over the phone is very likely to be true. There is no regulation, meaning they can basically say anything they want, all terms are undefined and meaningless. There is only one place that is regulated, open, and transparent. Where orders are time stamped on a first come first serve basis and you are guaranteed not be broked by your broker. It's the CME currency futures. There are brokers with decent feeds to do your MT4 charting which really is hard to replace with any other platform. But if you try to make money with these fx brokers you are going to get screwed i guarantee it.... FXCM is the worst of them all. The reason the entire industry in the US is under fire from the CFTC. Thanks for screwing everybody FXCM your greedy counts...

go get that fresh meat tiger.

FXCM ND STP = BULLSHIT
FXCM ACTIVE TRADER = BULLSHIT[/quote]
  • #1,026
  • May 3, 2010 8:25am May 3, 2010 8:25am
New York –April 28, 2010

To be King, you must have a strategy. That’s what put last month’s King of the Micro winner, Cao Yanhui on top. Yanhui, who lives in China, won $25,000 in the popular trading contest with an impressive profit of 970.43% by focusing primarily on the EURUSD currency pair. By targeting one pair, Yanhui was able to concentrate his efforts and ultimately win the competition. He largely did so by increasing his positions within a few days of the EUR fall, raking in considerable profits. Having traded forex for over three years, Yanhui’s trading preparation usually involves reviewing candlestick charts and analyzing forex commentary prior to placing trades. Although he takes trading seriously, Yanhui says he doesn’t take a loss to heart and believes his untroubled attitude is what has made him so successful. He would advise other traders to think the same way saying, “Don’t take results too seriously and enjoy the process.” View Yanhui's trading report and survey.

Coming in behind Yanhui was Luo Yupeng, who lives in the U.S., winning 841.76% with focus on the GBPUSD and EURGBP pairs. He has found success in forex by constantly reflecting on his greatest weaknesses and working to correct them. He considers perseverance, excellent reasoning skills, and an objective mindset to be the most important traits of a successful trader. Adegeye Oluwaseun, also from the U.S., followed Yupeng to take third place with 526.59% and trading as many as five currency pairs. He encourages others to, “stay focused on the end result you desire… and with time it can be attained.” View Yupeng and Oluwaseun's trading report and survey.


King of the Micro is a currency trading contest hosted by FXCM, which gives away cash prizes every month: $25,000 for the trader with the highest trading return, $10,000 to second, and $5,000 goes to third place.

For the past four years, King of the Micro has given traders around the world the chance to be King. In the past, winners have come from the U.S., China, Malaysia, Canada, and the U.K, among others. It’s free to enter and no registration is needed, making it easier than ever to hit it big. All you need to do is be an FXCM client with $500 in your Micro account at the beginning of each month, and you’re automatically entered. You also must make ten trades during the month to remain eligible.


For more information on the King of the Micro contest, to read the full contest rules, and to deposit money into your FXCM Micro account, click here.

FXCM Micro is a division of FXCM that provides new traders with access to the currency markets for as little as $25. With a small (1K) lot size, FXCM Micro provides a great way to get started in the forex market. FXCM Micro is offered for individual, self-traded accounts. All participants of the King of the Micro contest can receive the FXCM Power Course free to improve their chances to be the King.


FXCM Holdings, LLC Facts

Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.

*Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not necessarily indicative of future results.


Read more: DailyFX - King of the Micro Winner - 970% profit* http://www.dailyfx.com/forex/fxcm_ne...#ixzz0mQQfAc4v
  • #1,027
  • May 3, 2010 10:16am May 3, 2010 10:16am
I'm curious, should I be concerned if I open an account with ATC if problems are prevalent with FXCM? Thanks
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  • #1,028
  • May 3, 2010 10:30am May 3, 2010 10:30am
Quoting Jason Rogers
Hi 50Pips,

For FXCM, the Marketscope charts inside the FX Trading Station have the ability to display either the bid or ask price that was quoted. This is how you could check the ask prices that were quoted.
Thank you for the information... My question was rather rhetorical though

My point was that many people complain about stop hunting, but they still use MT4 (no matter which broker provides it).
  • #1,029
  • May 3, 2010 11:25am May 3, 2010 11:25am
For the love of god would you people just withdrawal your money and let FXCM die so I don't have to see the title of this thread anymore.

Like seriously read reviews: http://www.forexpeacearmy.com/public...w/www.fxcm.com

Why would ANYONE trade with FXCM when you have awesome brokers out there... And brokers that EVERYONE knows are solid and reputable. This thread amazes me that there are people is this world DUMB enough to trade with a broker who has an industry wide reputation of being nothing but shit.

And then they come on here pleading their case telling all the problems they are having.. Who has sympathy? - DO SOME RESEARCH.

Hey Jason Rogers why don't you have this image at the bottom of your posts?
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Cap
  • #1,030
  • May 3, 2010 12:52pm May 3, 2010 12:52pm
Quoting Utopia
Attn: Jason Rogers

Open an FXCM 'instituational account' with raw spreads and 'first class execution'. Stick 25k into it and get your missus to have a little play with the mini's for a few weeks to test whilst offsetting all trades taken with another broker and compare........and........voila......WTF!

This is just one of many clips I have in my WTF! library taken over past weeks.

I have accounts with MBT Oanda FXCM and Dukascopy. All were reasonably in sync within a pip or two 99% of the time except for FXCM. This is becoming a regular thing...



thanks UTOPIA for this "in flagrante delicto".

hey bro ! you know what ?

become an arbitragist or connect your blackbox.

regards.
  • #1,031
  • May 4, 2010 2:39pm May 4, 2010 2:39pm
I should firstly apologize to Jason for some of the comments I've made on this forum, although is it me, or have a whole lof pages been lopped off here? At any rate, all along here I had thought I was on Active Trader when it turns out I had actually been screwed over by the lying swines at ATC Brokers. Do not deal with these people. They will rob you blind. They categorically lied to me when I was looking for a way to tap into the Active Trader environment. They told me they offer an MT4 platform with an Active Trader Feed. Total lies. After so much crap I don't have time to list, they admitted that they are actually using some older version of FXCM MT4 dealing technology. At any rate, they are just one step lower than FXCM. Stay away from this company if you are new to the forex world. They have lots of pretty advertising but it's just bs. And whatever you do, be aware that sales people will say anything, there are no scruples with some of these bastards. I asked this guy, the owner of ATC actually, probably ten times over, I was so excited to get a no dealing desk ECN feed for 5 grand. What a scumbag. A lying bunch of scumbags. I've contacted some of the forums that list them as a no dealing desk firm. Don't be conned or cheated. Stay away from "ATC Brokers SCAM" .. ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM ATC BROKERS SCAM

Quoting Jason Rogers
Speaking of blatant lies, your post is incorrect. There is a 1/10th pip mark-up on the MT4 accounts, and you can compare the FX Trading Station II to the MT4 spreads to see that the Ask price is marked up 1/10th of a pip.


http://img168.imageshack.us/img168/746/mt4vsfxts.jpg


No offense, but the reason why I don't answer many of your posts is because you tend to make this stuff up without any basis or ask the same question multiple times when I've already answered it.

MT4 traders can view the Marketscope charts to...
  • #1,032
  • Edited 8:21am May 5, 2010 8:05am | Edited 8:21am
Hi Everyone,

Back from the expo in Las Vegas, and a thank you to everyone that attended. The turnout was great!

A major announcement was made earlier this morning by FXCM. Here is the press release:

ODL Group Limited To be Acquired by FXCM Holdings, LLC

ODL Group Limited ("ODL"), a leading, independent forex, derivatives, equities and commodities broker, announces today that it has agreed on terms to be acquired by US-based FXCM Holdings LLC ("FXCM"), a leading global forex broker that caters to both retail and institutional markets. ODL's strong UK and European businesses will provide an excellent complement to FXCM's sizeable operations in both the United States and Asia. The combined companies will operate as one of the largest non-bank forex brokers globally servicing over 200,000 live trading accounts with combined client assets in excess of US$800 million. The deal is still pending final due diligence review and regulatory approval.

Founded in 1999, FXCM is one of the largest forex brokers, regulated by several financial regulators including the Financial Services Authority in the UK and the Commodity Futures Trading Commission in the U.S. FXCM is one of very few forex and CFD brokers to regularly publish its balance sheet. With over $135 million in firm capital (assets minus liabilities), FXCM exceeds regulatory requirements.

Post acquisition, ODL will continue to trade under its current name. A major benefit to ODL clients will be that they gain access to FXCM's No Dealing Desk execution on forex trades. Under No Dealing Desk execution, forex trades are fully-automated and executed back-to-back with one of the world's premier banks or financial institutions. Over ten banks compete to provide FXCM with bid and ask prices, resulting in low spreads and fast execution, with no intervention from a dealing desk on forex trades. Another major benefit of No Dealing Desk execution is the ability to place orders within one pip of the market with no restrictions.

Commenting on the acquisition, Drew Niv, CEO of FXCM, said: "For several years, FXCM has been working towards becoming a major player in Europe. The deal with ODL will provide us with a great opportunity to achieve this. We believe FXCM will be the only retail forex firm with a truly global footprint. In an industry in which size and scale are important, this is a major advantage."




The following advantages will be realized post acquisition:

 

  1. Client assets in excess of US$800 million
  2. Over US$150 Million In Firm Capital
  3. Over 200,000 Live Trading Accounts
  4. Over 700 Employees Worldwide
  5. Regulated by the FSA (United Kingdom); the CFTC (United States); the SFC (Hong Kong); the ASIC (Australia). Additionally, FXCM is
    regulated in Italy, France, Germany and Dubai.
  6. Member firm of the London Stock Exchange and NYSE Euronext, LIFFE.


http://www.odlmarkets.com/fxcm/en/portal/

  • #1,033
  • May 5, 2010 3:41pm May 5, 2010 3:41pm
Sheeesh... FXCM is like a cancer. ODL is just another broker they're going to ruin with their 'No-Dealing-Desk'
  • #1,034
  • May 6, 2010 12:18pm May 6, 2010 12:18pm
Quoting Jason Rogers
Hi kon5t,

Yes, I can share the information with you. We were able to identify the problem and we're in the process of fixing it. The fix should be in place by tonight. The problem occurred during volatile market conditions over the past couple of days.

-Jason
Jason Rogers,

Now you've only got to find a NEW FIX of not being over 50pips off the real market. What sort of problem needs a 'fix' for the real market ? A heavily manipulated price feed.

Inserted Video


The issue here is that if you are in and looking to get out, you can't. Which means you can't take profit or exit the loss you are in. Likewise if you are out and looking to get in you miss on an opportunity and your order just hangs as pending not knowing if or when the feed will normalize and you can't even cancel it.

When the market is at a price, that's the price you want and that's the time you want it, not 60 seconds later which is automatically rejected anyway, meanwhile the real market has moved on without you. If you were just looking at FXCM prices on their own you be none the wizer.

MBT can do it, Oanda can do it , in fact practically every other retail broker out there can except for FXCM which can.....explain this video to the FSA when they get it.

Jason Rogers alright, Jason Rogers his customers.
  • #1,035
  • Edited 3:51pm May 6, 2010 2:23pm | Edited 3:51pm
Jason,

I have been a IT consultant for many years, including some time implementing data feeds and trouble shooting software for some of the bigger banks in London

With the issues I am seeing here, I find it very difficult to understand that a software bug or other technical problem, short of a massively delayed feed to the markets, can produce this type of error. What is particularly worrying is that from the video evidence above, this is something that occurs pretty randomly, whether there is lots of market activity or not.

Now i don't want to sling mud like some other members here are want to do, but you must admit it does look like there is some kind of market manipulation or stop hunting going on, if not by FXCM then perhaps from your liquidity provider. Certainly the type of activity and the speed at which the feeds flip 50+ pips in relation to market price, will be causing major problems to many day traders and scalpers.

I think if this really is a technical problem, it would be worth disclosing details as to how your technical team is dealing with this situation and the type support that traders can obtain if they are subject to this type of problem.

@Utopia, what software are you using for screen capture, I think it might be useful for people to monitor their feed compared to a demo feed of someone like dukascopy.

If there are any other traders who have experienced this problem, and have reported it to FXCM, can you report what results you have had with problem resolution?
  • #1,036
  • May 6, 2010 3:50pm May 6, 2010 3:50pm
Quoting Jason Rogers
Hi Everyone,

Back from the expo in Las Vegas, and a thank you to everyone that attended. The turnout was great!

A major announcement was made earlier this morning by FXCM....

............hummm....lets see thats like adding insult to injury
  • #1,037
  • May 6, 2010 6:27pm May 6, 2010 6:27pm
Quoting Utopia
Jason Rogers,

Now you've only got to find a NEW FIX of not being over 50pips off the real market. What sort of problem needs a 'fix' for the real market ? A heavily manipulated price feed.

Good for me that I closed my FXCM account.

By the way it was the most short-lived account of mine: less than 2 weeks to realize I got to run...
  • #1,038
  • May 7, 2010 5:44am May 7, 2010 5:44am
Quoting jagui
Good for me that I closed my FXCM account.

By the way it was the most short-lived account of mine: less than 2 weeks to realize I got to run...
Good for you. yesterday their micro Tradestation II was down for the whole US session. hahahahaha same story. My other 3 brokers running smoothly (MT4).
  • #1,039
  • May 7, 2010 6:43am May 7, 2010 6:43am
Wow, incredible. Before killing the relationship with FXCM and their partner I had been seeing this for a couple of weeks. I told them it was like I was in some kind of slow motion to which they simply said was untrue and that somehow I was having the problem. They also said that while their prices may very from the real market, "legally", from time to time, which I have been seeing constantly at 10-20 pips at peaks and valleys, that 50 pips was outrageous and that I was being untruthful.

This is great damnable evidence. Good work. You have to love a company that makes up it's own market, they told me all was relative and that the real market may be what it may be but that the prices they show are all mine, a ludicrous suggestion seeing how almost every 'perfect' trade I attempted to make over four months was rejected with an off quotes or a complete freeze. Buyer beware, this is the unregulated and unenforced world of online fx trading. Don't believe a thing you hear from any brokerage outfit. Use your common sense and when you see yourself getting screwed don't listen to the bs technical excuses, get out immediately and find a brokerage that is honest, supposing there are any at the retail level...

Quoting Utopia
Jason Rogers,

Now you've only got to find a NEW FIX of not being over 50pips off the real market. What sort of problem needs a 'fix' for the real market ? A heavily manipulated price feed.

http://www.youtube.com/watch?v=0dNLaYRu7Gc

The issue here is that if you are in and looking to get out, you can't. Which means you can't take profit or exit the loss you are in. Likewise if you are out and looking to get in you miss on an opportunity and your order just hangs as pending not knowing if or when the feed will normalize and you can't...
  • #1,040
  • May 7, 2010 7:56am May 7, 2010 7:56am
Quoting mattrader
Good for you. yesterday their micro Tradestation II was down for the whole US session. hahahahaha same story. My other 3 brokers running smoothly (MT4).
Hi Matt,

The FX Trading Station II was not "down for the whole US session". There was a period during the market volatility when rates were not updating, and any traders having problems closing positions during this time should request a trade audit to have an adjustment made due to any problems occuring during the period. Please send any trade audit requests to [email protected] or contact client services by phone at 1-888-503-6739. Again, if at any time there is a disruption in trading due to a technical issue, we will udpate the site www.fxstatus.com to notify you about any technical issues occurring in real time. A trade audit can be requested by phone, email, or through an audit link placed on FXStatus.com while the tech issue is occurring.

Please let me know if you have any questions.

Jason
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