Thanks for the Answer Jason - I too was wondering that as I had seen that disclaimer around your site.
At what threshold does a retail trader become a professional?
At what threshold does a retail trader become a professional?
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DislikedHi Jason,
Thanks for your reply.
But below confirms that money is not segregated.
10 Feb 2011 ... You expressly acknowledge that any money you transfer to us will not be segregated from FXCM's own money, and that you will rank as a general creditor of FXCM in the event of insolvency or an equivalent failure.
Thanks
JeffIgnored
DislikedAttention on Rollover: If you're planning to hold any JPY trades open at 5:00pm ET, please be aware that the BOJ has acted to discourage FX speculation in the JPY which is causing rollover charges to be elevated across all JPY pairs. Any important trading notices will continue to be posted on the Client Update Center.Ignored
http://media.dailyfx.com/illustratio..._Picture_3.png
Source: Bloomberg Professional Service, British Bankers Association
DislikedJeff your quote is under professional clients , check this quote for retail clients and u can find it at the same doc u quoted from : "client money will be held separate from Fxcm's ..."
This is a FSA rule Fxcm cant go around it ..
Check this 2 :
"FSA fines ActivTrades £85k for failing to segregate client funds "
http://forexmagnates.com/fsa-fines-a...-client-funds/Ignored
DislikedFor those of you wanting more information on recent events impacting JPY rollover, I would recommend reading this article from DailyFX which goes into more detail:...Ignored
DislikedJeff your quote is under professional clients , check this quote for retail clients and u can find it at the same doc u quoted from : "client money will be held separate from Fxcm's ..."
This is a FSA rule Fxcm cant go around it ..
Check this 2 :
"FSA fines ActivTrades £85k for failing to segregate client funds "
http://forexmagnates.com/fsa-fines-a...-client-funds/Ignored
DislikedPerhaps this change can be put across in layman terms?
I just wish to know something very basic. As a retail client (I trade on FXCM UK Micro), when I transfer funds into my trading account, which entity (if its not FXCM) actually keeps it? An if this entity goes bankrupt or runs into financial difficulties, am I the last in line to get back my money (if at all)?Ignored
DislikedHi Jason!
Do you know if FXCM have any intentions to create an app for the iPad?
It would be helpful instead of having to lug around my laptop whenever I go away.
I have the app for the iPhone, but I just use it to check any open positions and balance. I know you are able to open and close trades through the app, but the option is only useful if you know the level you want to get in or out at due to the lack of charts/technical analysis.
Thanks Fosking.Ignored
DislikedHi Jason!
Do you know if FXCM have any intentions to create an app for the iPad?
It would be helpful instead of having to lug around my laptop whenever I go away.
I have the app for the iPhone, but I just use it to check any open positions and balance. I know you are able to open and close trades through the app, but the option is only useful if you know the level you want to get in or out at due to the lack of charts/technical analysis.
Thanks Fosking.Ignored
DislikedHi fosking,
I've seen an increasing number of requests for an iPad app so it is on our radar. I can't discuss or give any specifics unfortunately since our investor relations team considers it material information. But rest assured, we know that it is something our traders want.
-JasonIgnored
DislikedEvery time I place big orders.... like 1 - 5 Contracts, the trade always seems to stop me out perfectly at my stop.Ignored
DislikedI would be all over an Ipad app for trading. That would be very helpful as long as the charts that came with it were good too.Ignored