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  • #7,381
  • Mar 14, 2015 2:54pm Mar 14, 2015 2:54pm
Quoting srt
{quote} Accounts for any traders that survived the swissy crash & agreed not to take FXCM to court

Ahhhh ... Ok. Thanks brother. The way the member worded it, "do you use FXCM Active trader" made it sound like some sort of platform or account type to me.
Ghost Rider - WWTBMD?
  • #7,382
  • Mar 14, 2015 3:00pm Mar 14, 2015 3:00pm
no matter what spin Jason puts on it here and the spin people paid to make them look good , I have advised people that I teach to move there accounts if there is smoke there's got to be fire and down the track people could get burnt legal action and litigation costs money and the government people have just started so a mess is what it is that's it
people leave, but this thread will go on for ever
  • #7,383
  • Mar 14, 2015 4:48pm Mar 14, 2015 4:48pm
JASON...can you PLEASE just direct your attention to the NUMEROUS posts asking you to address the many spikes we are seeing from FXCM that do NOT exist on any other brokers charts??!!

Thanks.
  • #7,384
  • Mar 14, 2015 8:37pm Mar 14, 2015 8:37pm
Quoting Karado58
JASON...can you PLEASE just direct your attention to the NUMEROUS posts asking you to address the many spikes we are seeing from FXCM that do NOT exist on any other brokers charts??!! Thanks.
I see lots of other posts he answered but not the important ones with spikes
people leave, but this thread will go on for ever
  • #7,385
  • Mar 15, 2015 2:02am Mar 15, 2015 2:02am
Quoting Karado58
JASON...can you PLEASE just direct your attention to the NUMEROUS posts asking you to address the many spikes we are seeing from FXCM that do NOT exist on any other brokers charts??!! Thanks.
+1
This is the question that keeps needing to be asked. At very least to warn off potential victims of FXCM.
  • #7,386
  • Edited 11:33am Mar 15, 2015 11:32am | Edited 11:33am
I do not work for FXCM, and given the recent picture with them, I would not recommend trading with them. About spikes from a brokers perspective: Spikes exist because of pricing errors in some cases, these pricing errors come from the banks, and will re-quote the broker. Usually, the broker will amend that pricing error, and make good. Some brokers simply don't give a shit. Playing with prices and spreads is a huge "no no" in this business, and regulatory bodies, and audits exist to make sure that that isn't happening. FXCM has been fined in the past for this, so at least there is some oversight. (no this is not an invitation to open the debate about regulation). Whether the spikes in this case are driven by FXCM or legitimate pricing errors, I can't say. You can always check out your US based Broker track record using the link below. Pretty insightful!

See here: https://www.nfa.futures.org/basicnet/
  • #7,387
  • Mar 15, 2015 11:42am Mar 15, 2015 11:42am
First i don´t know if virtual dealer is used by fxcm i really don´t know and i think they don´t use it.

never the less you should be aware of what is possible.
just look at this youtube link but thats just commercial

Inserted Video


for people are interested in a full Overview Video of mt4 virtual dealer plugin send me a PM and i´ll return you a downloadlink...

again i´m not saying fxcm is using it. Just wanna tell you it exists!
just do it
  • #7,388
  • Edited 1:22pm Mar 15, 2015 1:08pm | Edited 1:22pm
Quoting heph
but you know something? i'm closing my account before the market closes today. i guess the rumors were true about the spikes. not only that fxcm was an onerous entity along its history, paying fines for cornering its clients, they also misinformed the public over how much they lost during the chf, more than $225 mil (you should have made a video about how you lied the public instead of being the hero/victim). now you're more than likely to have already returned to your dealing desk (or doing it sporadically). you won't accept it until you get caught,...
Quoting heph
poll: would you trade with a dealing desk that a) has no debt b) has to pay $300 mil - $12 mil = $288 mil which one do you think will take your money away quicker? i know which one. but no thanks (and no offense)! i'm under 20k as i reduced my stake because of your rotten balance sheet . why should i be stupid to increase again my account to a level i'm not comfortable with just to be able to trade ndd (with you)? please have in mind that all my reviews on this thread were positive in respect to fxcm being a ndd model. i cannot delete them. but...
Quoting Profit Daily
{quote} Yes, it means they are going to go back to their roots...... ripping people off left and right. But the regulators are more concerned about lowering leverage, FIFO and no hedging.
Quoting albchr
{quote} Don't ya just hate that sound? I actually muted my speakers. Didn't help the trade execution of course, but at least I didn't have to listen to it. BTW, if you're looking for an explanation from Jason? Don't bother. You won't get one and if you do, it'll be nothing but a bunch of BS. Just like the ridiculous SPIKES everyone's been asking about. Not a peep about it from him here. ... lol
Quoting Karado58
JASON...can you PLEASE just direct your attention to the NUMEROUS posts asking you to address the many spikes we are seeing from FXCM that do NOT exist on any other brokers charts??!! Thanks.

Exonerated - Why Suffer the Pain When You Can Go Offshore & Gain - CFTC/NFA Lies to Lawmakers are Lame.
  • #7,389
  • Mar 15, 2015 1:57pm Mar 15, 2015 1:57pm
Just filed a complaint with NFA. Should be contacting me in 3-5 days. Here are the currency pairs with spikes that I brought to there attention, if anybody noticed a pair that I did not list email me or just reply to the thread. Not expecting anything to happen but will see.

All spikes were observed using 1 hour timeframe.

NZD/USD March 11, 2015 4:00pm EST candle. Other brokers low 0.7187. FXCM low 0.7161. 26 pip spike.
NZD/JPY March 11, 2015 4:00pm EST candle. Other brokers low 0.8723. FXCM low 0.8701. 22 pip spike.
GBP/JPY March 6, 2015 8:00am EST Candle. Other brokers low 182.06. FXCM low 181.44. 62 pip spike.
AUD/CAD March 6 2015 8:00AM EST candle. Other brokers low 0.9739. FXCM low 0.9717. 22 pip spike.
USD/CAD March 6, 2015 8:00AM EST candle. Other brokers low 1.2455. FXCM low 1.2423. 32 pip spike.
CHF/JPY March 6, 2015 8:00am EST candle. Other brokers low 122.74. FXCM low 122.17. 57 pip spike.
GBP/AUD March 3, 2015 10:00pm EST candle. Other brokers low 1.9604. FXCM low 1.9481. 123 pip spike.
EUR/AUD March 3, 2015 10:00pm EST candle. Other brokers low 1.4271. FXCM low 1.4211. 60 pip spike.
“Every single day, ordinary people do extraordinary things"
  • #7,390
  • Mar 15, 2015 2:44pm Mar 15, 2015 2:44pm
Quoting thodie
First i dont know if virtual dealer is used by fxcm i really dont know and i think they dont use it. never the less you should be aware of what is possible. just look at this youtube link but thats just commercial https://youtu.be/sGsf1V_vmbw for people are interested in a full Overview Video of mt4 virtual dealer plugin send me a PM and ill return you a downloadlink... again im not saying fxcm is using it. Just wanna tell you it exists!
Hey brother. This goes hand in hand with that. Been posting it here and there for some time.

To all others, don't think for a second MT4 is the only platform such technology exists for either. It's all out there. The only question is which brokers use it and to what extent? 120+ pip spikes with one, and not with others? Yeah ....

Recommend watching it closely and in full screen mode.
Inserted Video


This was just posted this morning by another caring member. I found it equally interesting.
http://www.tools4brokers.com/products/Stop_Out_Plugin

Be careful out there folks. As with many things in life, all is not always as it seems.
Ghost Rider - WWTBMD?
  • #7,391
  • Mar 15, 2015 5:37pm Mar 15, 2015 5:37pm
Quoting albchr
{quote} Hey brother. This goes hand in hand with that. Been posting it here and there for some time. To all others, don't think for a second MT4 is the only platform such technology exists for either. It's all out there. The only question is which brokers use it and to what extent? 120+ pip spikes with one, and not with others? Yeah .... Recommend watching it closely and in full screen mode. https://www.youtube.com/watch?v=bGWAEX5xtpY This was just posted this morning by another caring member. I found it equally interesting....
http://www.tools4brokers.com/products/Virtual_Dealer "anti scalper plug-in"

Crooks.
  • #7,392
  • Mar 15, 2015 9:48pm Mar 15, 2015 9:48pm
Quoting Profit Daily
{quote} The stealing desk model has absolutely no advantage to the trader, only the broker. Trading costs are much higher and THEY WILL manipulate your trades. I believe they are manipulating trades on what they are claiming as NDD as well. They've been cheating since they came into existence.
So Profit Daily, let me get this straight, the dealing desk model is no good, the non dealing desk model is no good. So what does that leave you with? You are obviously not even trading by your own standard. Are you just a troll? What are you and who do you trade with, since you don't prescribe to either DD or NDD?
  • #7,393
  • Mar 15, 2015 10:16pm Mar 15, 2015 10:16pm
Quoting surferncbad
{quote} So Profit Daily, let me get this straight, the dealing desk model is no good, the non dealing desk model is no good. So what does that leave you with? You are obviously not even trading by your own standard. Are you just a troll? What are you and who do you trade with, since you don't prescribe to either DD or NDD?
I trade ECN/DMA, but certainly not with FXCM. Do some reaserch on them.
  • #7,394
  • Mar 16, 2015 12:32am Mar 16, 2015 12:32am
Quoting albchr
{quote} Hey brother. This goes hand in hand with that. Been posting it here and there for some time. To all others, don't think for a second MT4 is the only platform such technology exists for either. It's all out there. The only question is which brokers use it and to what extent? 120+ pip spikes with one, and not with others? Yeah .... Recommend watching it closely and in full screen mode. https://www.youtube.com/watch?v=bGWAEX5xtpY This was just posted this morning by another caring member. I found it equally interesting....
Hey Buddy,

glad you found it. That was the Vid im talking about.

checked out the www.tools4broker.com page *holy moly*

regards thodie
just do it
  • #7,395
  • Mar 16, 2015 2:08am Mar 16, 2015 2:08am
Quoting GDR3k
{quote} http://www.tools4brokers.com/products/Virtual_Dealer "anti scalper plug-in" Crooks.
LOL ... you're the first one I thought of when I saw that one brother.
Ghost Rider - WWTBMD?
  • #7,396
  • Mar 16, 2015 4:59am Mar 16, 2015 4:59am
I notice that FXCM is still advertising 400:1 leverage .

........
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-03-16 11.55.06.png Size: 183 KB
Never Ever Give Up!
  • #7,397
  • Edited Mar 17, 2015 7:18pm Mar 16, 2015 6:37am | Edited Mar 17, 2015 7:18pm
any fxcm officials here?? before posting a complaint i want fxcm to call me
  • #7,398
  • Mar 16, 2015 12:22pm Mar 16, 2015 12:22pm
Quoting surferncbad
Hi [email protected] relentlessly emphasize the NDD execution model. Can you please tell me who the counterparty is on CFD products?
Hi Surferncbad,

FXCM offers No Dealing Desk (NDD) execution for forex trading and it is one of the key reasons traders choose FXCM.

However, it's important to understand that regardless of the execution model you trade on, your broker is still the counterparty to your trades. That's the case with any other forex or CFD broker. Even with futures, the clearinghouse is the counterparty for every contract traded on the exchange. This is done to address counterparty risk which is the risk to each party of a contract that the counterparty will not live up to its contractual obligations.

On CFDs for stock indices, metals and energy products, we offer DD execution. Despite offering CFDs through a DD model, our goal is to provide the best execution experience possible which is why there are no re-quotes.
  • #7,399
  • Mar 16, 2015 12:25pm Mar 16, 2015 12:25pm
Quoting jsr
{quote} Hi Jason. I understand what you said, but all those spikes are telling that FXCM seems to be using a DD model in the affected (or even all) accounts.
Hi Jsr,

We provide No Dealing Desk (NDD) forex execution to all our clients. There are no FXCM clients trading forex on a DD model at this time.*

On our NDD model, we do not profit from client losses or lose from client profits. While I can't investigate individual trades or price ticks here on the forum, the Trade Services Team exists for precisely this purpose. If you have questions about the execution of any trade on your live account, you can file a trade inquiry. The Trade Services Team can then investigate the trade for you in detail, and if there was an error in our execution that negatively impacted your trade, FXCM will make the appropriate correction to your account.

* In our most recent quarterly earnings presentation, we mentioned that FXCM will be offering traders with a balance less than 20k with the option of DD execution in the future if they choose it, but this option is not currently available. FXCM firmly believes in our NDD execution model and will continue to offer it. However, in specific jurisdictions (primarily emerging markets) where clients are asking for higher leverage, we will also offer DD as choice in addition to NDD. We still expect the majority of traders to continue to choose our NDD model.
  • #7,400
  • Mar 16, 2015 12:27pm Mar 16, 2015 12:27pm
Quoting Karado58
JASON...can you PLEASE just direct your attention to the NUMEROUS posts asking you to address the many spikes we are seeing from FXCM that do NOT exist on any other brokers charts??!! Thanks.
Quoting Aussi
{quote} I see lots of other posts he answered but not the important ones with spikes
Quoting justlearning
{quote} +1 This is the question that keeps needing to be asked. At very least to warn off potential victims of FXCM.
Quoting VolTrader23
I do not work for FXCM, and given the recent picture with them, I would not recommend trading with them. About spikes from a brokers perspective: Spikes exist because of pricing errors in some cases, these pricing errors come from the banks, and will re-quote the broker. Usually, the broker will amend that pricing error, and make good.
With NDD forex execution, we take the best bid/ask prices from our liquidity providers and stream those onto the platform. The spread is set by price competition and not by FXCM. As mentioned in earlier posts, I can't investigate individual trades or price ticks here on the forum. However, the Trade Services Team exists for precisely this purpose. If you have questions about the execution of any trade on your live account, you can file a trade inquiry. The Trade Services Team can then investigate the trade for you in detail, and if there was an error in our execution that negatively impacted your trade, FXCM will make the appropriate correction to your account.
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