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FXCM Discussion

  • #4,681
  • Apr 17, 2014 6:56pm Apr 17, 2014 6:56pm
Hi jason,


I contacted you guys via phone to put in an audit for a trade. My account received a margin call so I had to deposit or get positive again. I added funds to get my account in good standing again it just never reset the warning, so my trade closed an hour later because it was three days....my account in fact shows I brought my account above margin but it never resetting.

Thanks Rich W
  • #4,682
  • Apr 18, 2014 12:51am Apr 18, 2014 12:51am
Activist selling after-hours?
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  • #4,683
  • Apr 18, 2014 10:49am Apr 18, 2014 10:49am
Quoting Rizmeister
Hi jason, I contacted you guys via phone to put in an audit for a trade. My account received a margin call so I had to deposit or get positive again. I added funds to get my account in good standing again it just never reset the warning, so my trade closed an hour later because it was three days....my account in fact shows I brought my account above margin but it never resetting. Thanks Rich W
Hi Rizmeister,

You did the right thing by logging a trade audit for this case. Someone from our Trade Services Team will contact you with resolution. Please let me know if there is anything else I can do to assist.
  • #4,684
  • Apr 18, 2014 10:50am Apr 18, 2014 10:50am
Quoting DrPippy
I've been using FXCM a few weeks now, had no problems what so ever, no strange spikes or massive spreads. Will continue to use them for the foreseeable future.
Hi DrPippy,

Thanks for the feedback, and welcome to the thread
  • #4,685
  • Apr 18, 2014 10:58am Apr 18, 2014 10:58am
Quoting Jason Rogers
Below are the holiday trading hours for CFDs in April. All times listed are in GMT.

http://i.imgur.com/JxSWEhr.png

Forex trading hours remain unchanged, opening on Sundays between 22:00 and 22:15 GMT and closing on Fridays at 21:55 GMT.

Just a reminder of our holiday hours for Easter. Here's wishing you all a wonderful weekend with your loved ones.
  • #4,686
  • Edited 4:48pm Apr 18, 2014 4:23pm | Edited 4:48pm
Hi Plotinus,

I'm curious if you're willing to write from a-z your take on the FXCM stock.
Have seen your previous posts and I'm not quite sure what you're trying to suggest.
It's a bit of conspiracy involved when a stock dives overnight or what exactly?
I've seen this so many times (got hurt several times) that I'm immune to it.
Basically, insiders are allowed to trade and pocket a 4.81% in one day, aren't they?
then you have the algobots running in the same direction in milliseconds.
it happens, it happened and it will happen. you can't help yourself but trading an interval between the open & close or feel entitled to trade after the hours if you foresee something huge and have enough speed of execution.
but if you're trying to make a point that FXCM is on the brink of getting smashed into the pavement forever,
please be kind and develop your theory before, in your oppinion presumably, we won't be able to clear out.
i'm not sarcastic or anything. just say what's on your mind.
cheers!

p.s. don't forget that FXCM is optionable, which makes sense to witness erratic moves like this.
nevertheless, take a look at some business numbers: Return on Assets 0.7%, Return on Equity 6.5%, Return on Investments 10.5%. It's a good business IMO.
  • #4,687
  • Apr 19, 2014 10:13am Apr 19, 2014 10:13am
Quoting Poolsuckswat
Hi Plotinus, I'm curious if you're willing to write from a-z your take on the FXCM stock. Have seen your previous posts and I'm not quite sure what you're trying to suggest. It's a bit of conspiracy involved when a stock dives overnight or what exactly? I've seen this so many times (got hurt several times) that I'm immune to it. Basically, insiders are allowed to trade and pocket a 4.81% in one day, aren't they? then you have the algobots running in the same direction in milliseconds. it happens, it happened and it will happen. you can't help yourself...
Sorry no comment on people's stock, I can't do that as stocks are regulated and there are very strict parameters of that.

But I will say one thing only: It'll just end up like Ackman and Herbalife.
  • #4,688
  • Apr 19, 2014 12:07pm Apr 19, 2014 12:07pm
Quoting Poolsuckswat
Hi Plotinus, I'm curious if you're willing to write from a-z your take on the FXCM stock. Have seen your previous posts and I'm not quite sure what you're trying to suggest. It's a bit of conspiracy involved when a stock dives overnight or what exactly? I've seen this so many times (got hurt several times) that I'm immune to it. Basically, insiders are allowed to trade and pocket a 4.81% in one day, aren't they? then you have the algobots running in the same direction in milliseconds. it happens, it happened and it will happen. you can't help yourself...
Oh yes definitely a good business.

But let me ask you, you experienced erratic closure of trades and it's apparently technology, do you really think they actually close their trades enroute to the PB? Don't you think the level of transparency is crap.

Brokers is definitely a good business, but you have seen Wolf of Wall Street, haven't you?

It's not about the business model, P/E ratios and ROI, it's about the regulation and governance and the fines. After all regulators have enough power to put the misbehaves out of business.
  • #4,689
  • Edited 4:24pm Apr 20, 2014 4:07pm | Edited 4:24pm
Anyone else notice a lack of rollover credits/debits since the trade issue last week?

I just don't want to be surprised by a random credit or debit in my account to even it back out, although I think right now I should have a net increase.
  • #4,690
  • Apr 21, 2014 12:10pm Apr 21, 2014 12:10pm
Quoting Venice
I just don't want to be surprised by a random credit or debit in my account to even it back out, although I think right now I should have a net increase.
Hi Venice,

The reason there was no rollover interest last Thursday and Friday is because of the Good Friday and Easter holidays. There is no rollover interest applied on days when banks are closed. Instead the interest for those days is applied on other days of the week. The DailyFX Rollover Calendar has more info on the bank holidays that affect the normal rollover interest schedule.
  • #4,691
  • Apr 21, 2014 12:14pm Apr 21, 2014 12:14pm
Quoting Jason Rogers
{quote} Hi Venice, The reason there was no rollover interest last Thursday and Friday is because of the Good Friday and Easter holidays. There is no rollover interest applied on days when banks are closed. Instead the interest for those days is applied on other days of the week. The DailyFX Rollover Calendar has more info on the bank holidays that affect the normal rollover interest schedule.
Gotcha. Thanks. I guess I just never paid enough attention before.
  • #4,692
  • Apr 21, 2014 7:15pm Apr 21, 2014 7:15pm
Quoting Venice
Anyone else notice a lack of rollover credits/debits since the trade issue last week? I just don't want to be surprised by a random credit or debit in my account to even it back out, although I think right now I should have a net increase.
Why didn't you ask them instead of coming on some forum
  • #4,693
  • Apr 21, 2014 9:44pm Apr 21, 2014 9:44pm
Quoting PoundTrader
{quote}Why didn't you ask them instead of coming on some forum
Why not... Jason is rather prompt with his replies...
  • #4,694
  • Apr 22, 2014 12:58am Apr 22, 2014 12:58am
Quoting Venice
{quote} Why not... Jason is rather prompt with his replies...
so you rather wait for a respond on a forum instead of going straight to the source
  • #4,695
  • Apr 22, 2014 8:28am Apr 22, 2014 8:28am
Quoting PoundTrader
{quote}so you rather wait for a respond on a forum instead of going straight to the source
Weirdo Why are you so concerned... it allowed me to check and see if anyone else was experiencing the issue as well as get a response that all can benefit from.

Other then that, I really have no explanation. I was just on the forum when I noticed the lack of swap credits/debits. To lazy to open a tab to fxcm.com? Definitely sounds like me.
  • #4,696
  • Apr 22, 2014 2:18pm Apr 22, 2014 2:18pm
Ok guys, hug it out

Besides, more forum questions mean job security for me
  • #4,697
  • Apr 22, 2014 3:14pm Apr 22, 2014 3:14pm
any thoughts of following my "trade all at FXCM" idea ? Hereby I mean adding stocks to the package .
Enter Signature
  • #4,698
  • Apr 22, 2014 5:24pm Apr 22, 2014 5:24pm
Quoting johninthai
any thoughts of following my "trade all at FXCM" idea ? Hereby I mean adding stocks to the package .
We plan on offering single share CFDs and I'll post more information on that when it's available.
  • #4,699
  • Edited 10:58pm Apr 22, 2014 10:28pm | Edited 10:58pm
sounds great .

Got charged -2.07$ on 5 microlots short US30.
-0.4130 per 1 microlot, that is a pretty hefty rollover charge !
Enter Signature
  • #4,700
  • Apr 23, 2014 12:34am Apr 23, 2014 12:34am
Quoting johninthai
sounds great . Got charged -2.07$ on 5 microlots short US30. -0.4130 per 1 microlot, that is a pretty hefty rollover charge !
Yes, Most of the time you pay more in Swap that in spread... Actually very few broker offer good swap.
Buy at the Low, Sell at the High You make money by waiting not by trading.
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