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FXCM Discussion

  • #1,121
  • May 21, 2010 7:19pm May 21, 2010 7:19pm
I am looking for an mt4 broker allowing AUD accounts so FXCM Australia came to mind after leaving GoMarkets.

General feedback seems to be pretty bad, esp. execution times, which is one of the reasons I want to leave Gomarkets.

Is FXCM Australia any better than what is being posted in this thread here?
Trading Makes Money!
  • #1,122
  • May 22, 2010 12:30am May 22, 2010 12:30am
Is the FXCM Micro $40,000 monthly contest real or fake? Do people actually win it?
  • #1,123
  • May 22, 2010 1:03am May 22, 2010 1:03am
Hi I opened with ODL a number of years ago and have always found them great alto' I have heard of not too good reports.
One of the main reasonsI opened was I did not want to have a US based account.
Now that FXCM has acquired ODL I am thinking of moving elsewhere.
Thanks for all the input into this thread as it helps me trust my instincts.
What I fail to understand now is why the FXCM/ODL opening and closing times are different.
It opens later and closes ONE HOUR earlier than ODL did. That seems like a scam to me.
Does anyone know why this is so? The real reason not some 'jive' from FXCM spokesperson.
  • #1,124
  • May 24, 2010 9:00am May 24, 2010 9:00am
Quoting trad4x
Hi I opened with ODL a number of years ago and have always found them great alto' I have heard of not too good reports.
One of the main reasonsI opened was I did not want to have a US based account....
Hi trad4x,

Since the forex market is decentralized, there is no official open and close time for when forex trading begins and ends. FXCM and now ODL's trading hours rely on prices being offered by banks and financial institutions that provide liquidity for FXCM. The trading start of 5:15pm EST on Sunday and closing time of 4:00pm EST on Friday were chosen based on liquidity and the trading hours of most major banks. Let me know if you have any additional questions.

Jason
  • #1,125
  • May 24, 2010 10:55am May 24, 2010 10:55am
Quote:
Originally Posted by Jason Rogers http://cdn.forexfactory.com/images/buttons/viewpost.gif
Hi D.V.

Yes, Strategy Trader has Renko charts. Here's a screenshot:



The charting is way more advanced in terms of chart options and indicators than what we currently have available. You can also create Kagi charts, Point and Figure charts, and Line Break charts.

-Jason

Jason,

I've been testing ST during the weekend. I have questions:
Is it possible to show wicks on Renko charts?
Is it possible to fill bars?

thanks.
  • #1,126
  • May 24, 2010 11:59am May 24, 2010 11:59am
Quoting Darth Vader
Jason,

I've been testing ST during the weekend. I have questions:
Is it possible to show wicks on Renko charts?
Is it possible to fill bars?

thanks.
Neither option is available at the moment, but I will send the requests to the Strategy Trader team.
  • #1,127
  • May 24, 2010 10:43pm May 24, 2010 10:43pm
Quoting Jason Rogers
Hi hastings,

May 6th around 2:44pm was at the height of the stock market "flash crash" and several banks stopped providing liquidity and stopped executing trades. That's why the order would have been pending. This lasted for about 20 minutes. Despite this you could still request an audit if you had a position negatively affected. Please feel free to contact me directly if you need any help.

-Jason
lol nice spin, spin king!
  • #1,128
  • May 24, 2010 10:47pm May 24, 2010 10:47pm
Quoting Cencored
I am looking for an mt4 broker allowing AUD accounts so FXCM Australia came to mind after leaving GoMarkets.

General feedback seems to be pretty bad, esp. execution times, which is one of the reasons I want to leave Gomarkets.

Is FXCM Australia any better than what is being posted in this thread here?
FXCM is rubbish and to worst part of it is the why they pretend they're not. if you want to learn about superior marketing techniques then get involved with em. If you're serious about trading then look else where.

I would take GoMarkets over FXCM any day of the week.
  • #1,129
  • May 24, 2010 11:04pm May 24, 2010 11:04pm
Quoting Utopia
Jason, (or whatever your name is - for all I know you are a slim, pert, long blonde haired female of petite build who purrs like a kitten - in which case show yourself)

Total and utter crap. First you needed a FIX for the issue which you said had been put in place and were just awaiting double triple quadriple confiration from your tech pirates. Now you realize that you can't keep giving the same excuse everytime this happens because you know this will continue to occur as it is just too damn lucrative and proof will keep being posted so what...
great feed back reported here.

just shows why FXCM is nothing more then a marketing operation.

FXCM = BULLSHIT!!!!!!!!!!
  • #1,130
  • May 25, 2010 12:28am May 25, 2010 12:28am
Quoting >Apocalypto<
great feed back reported here.

just shows why FXCM is nothing more then a marketing operation.

FXCM = BULLSHIT!!!!!!!!!!
I have an account with FXCM they are very good so far .
I can not trust those bad reviews about FXCM , because some traders post bad reviews about their broker when they lose money because of their own mistakes.
  • #1,131
  • May 25, 2010 12:32am May 25, 2010 12:32am
Quoting sonicpunk32
Is the FXCM Micro $40,000 monthly contest real or fake? Do people actually win it?
Why isn't my question being answered? This leads me to believe that it is not real. The DailyFX website posts account statements every month of the winners, but not their account holders names. And I haven't seen anybody on the forum say that they've won.
  • #1,132
  • May 25, 2010 3:35am May 25, 2010 3:35am
Quoting @999
I have an account with FXCM they are very good so far .
I can not trust those bad reviews about FXCM , because some traders post bad reviews about their broker when they lose money because of their own mistakes.
not about losing money it's about letting people know that FXCM are a marketing spin shop.

if your happy that's fine but people need to know, and not run off the crap that FXCM reps spew out.
  • #1,133
  • May 25, 2010 8:35am May 25, 2010 8:35am
Quoting sonicpunk32
Why isn't my question being answered? This leads me to believe that it is not real. The DailyFX website posts account statements every month of the winners, but not their account holders names. And I haven't seen anybody on the forum say that they've won.
The winners and trading statements for each month can be found in the FXCM Micro support center http://forexforums.dailyfx.com/king-...ctive-trading/ . The names of the winners are not released due to rule #6 of the competition

6. USE OF CONTEST FOR PROMOTIONAL PURPOSES
To be eligible for participation in the King of the Micro Contest, all traders must be willing to let their trading record be published and/or distributed by FXCM, its agents, and successors during and after the life of the contest. Personal information such as, but not limited to, your name, address and account number(s) will not be published. If the trader chooses not to release his/her trading record he/she must opt-out of the contest, hence, he/she will be disqualified from the contest.
Complete Contest Rules

Monday May 31 @ 5pm EST is the start of the new King of the Micro contest for the month of June. There is no registration form or entry fee required. All live FXCM Micro accounts with a minimum balance of $500 by the first of each month are automatically entered in the contest. Good luck to all the participants!
  • #1,134
  • May 25, 2010 8:26pm May 25, 2010 8:26pm
Quoting sonicpunk32
...... And I haven't seen anybody on the forum say that they've won.
you would think that after all these months at least one winner would have come from ff
  • #1,135
  • May 26, 2010 11:57am May 26, 2010 11:57am
Hi Everyone,

I will be away on vacation from May 27 through June 6, so I won't be replying to any new posts during that time. Any new questions or posts for me will be answered on June 7th.

For immediate help with questions about FXCM or trading, please contact FXCM client services http://www.fxcm.co.uk/contact-fxcm.jsp.

BTW, trading hours will continue as normal this weekend. The Memorial Day holiday in the US and other public holidays around the world on Monday will not affect the trading hours. Trading closes on Friday at 4:00pm EDT and opens on Sunday at 5:15pm EDT.

Until then, happy trading , and I'll be back in just over a week!

Jason
  • #1,136
  • Jun 6, 2010 11:54pm Jun 6, 2010 11:54pm
So you know, I just have 2 stop loss exactly @ the low or high on Hour Chart...

Very interesting eh?
  • #1,137
  • Jun 7, 2010 6:00pm Jun 7, 2010 6:00pm
Quoting @999
I have an account with FXCM they are very good so far .
I can not trust those bad reviews about FXCM , because some traders post bad reviews about their broker when they lose money because of their own mistakes.
Keep trading with FXCM - You are about to get spanked HARD!!! - FXCM is one of the worst brokers on the planet!! Since I left this turd-blossom my profits have increase 500% (and counting) with the same exact EA - I'm pissed at myself for all the time I wasted with them via ATC Brokers. (ATC is great but the association with FXCM is ruining them if they ever switch price feeds I might give them another shot but until then...)
  • #1,138
  • Jun 7, 2010 6:20pm Jun 7, 2010 6:20pm
which one are you using now?
  • #1,139
  • Jun 9, 2010 2:11am Jun 9, 2010 2:11am
http://www.forexfactory.com/showpost...stcount=253065

FXCM is a scammed broker. They have s ton of frauds. Stay AWAY !!!!!!
  • #1,140
  • Jun 9, 2010 7:50am Jun 9, 2010 7:50am
Quoting santoso
http://www.forexfactory.com/showpost...stcount=253065

FXCM is a scammed broker.
Hi santoso,

Scam? Your post gave me a good this morning. Some stats to compare with other brokers...

- Over 150,000 live accounts trade through platforms offered by FXCM (the acquisition of ODL pushes this number over 200,000.)

- FXCM has a presence in 13 locations: New York, London, Tokyo, Hong Kong, Sydney, Dubai, San Francisco, Plano (TX), Paris, Santiago, Milan, Athens and Berlin.

- And FXCM is regulated in 6 jurisdictions : (United States, Hong Kong, United Kingdom, Australia, Dubai, France)

We have a large office in Hong Kong if you're in the area and would like to stop by and visit. Please let me know if you have any questions.

-Jason
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