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  • #9,661
  • Nov 16, 2016 1:34pm Nov 16, 2016 1:34pm
Quoting wilij
{quote} Thank you Jason Looks like i had a wrong link, I tried with your link and it works. Thanks!
Thanks for the update, Wilij

I'm glad that worked for you. Please let me know if you need any other help getting started.
  • #9,662
  • Nov 20, 2016 11:44am Nov 20, 2016 11:44am
Quoting Jason Rogers
{quote} The minimum balance to open a Mini account is $50. If your Mini account balance exceeds 20k, it will automatically be converted into a Standard account.
How come one can trade with minimum of $50 and yet one cannot demo trade with you with less than $2000. Am not able to open demo of less than $2000. Your account on the demo is already set on your web. Big problem with FXCM.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 14.8%
  • #9,663
  • Nov 21, 2016 1:24pm Nov 21, 2016 1:24pm
Quoting 9jatrader
{quote} How come one can trade with minimum of $50 and yet one cannot demo trade with you with less than $2000. Am not able to open demo of less than $2000. Your account on the demo is already set on your web. Big problem with FXCM.
Thanks for your feedback on our demo accounts, 9jatrader

I've shared it with our website developers, and we'll see if they can update our demo registration form to include an option where you can specify your demo starting balance. For now, it's worth noting how you can treat your current demo account as if it had a $50 balance starting balance by keeping in mind both your Used Margin and Usable Margin . Your Used Margin is how much money you have set aside to meet the minimum margin requirement (MMR) for your open positions. Your Usable Margin is how much money you have left from your Equity after subtracting your Used Margin. If your Usable Margin ever falls to zero, then your open positions will be liquidated to prevent further losses in your account.

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In the example above, my Used Margin shows I have set aside $5.00 for the 1K USD/JPY long position currently open in my FXCM UK Mini demo account which had a starting balance of $2000. My Usable Margin is $1996.08, which is $5.00 less than my Equity of $2001.08. To trade my demo account as if I had a $50 starting balance, I must make sure my Usable Margin never drops to $1950.00. That's because a drop to $1950 from the starting balance of $2000 is equivalent to a drop to zero from a starting balance of $50. In general, if you intend to start with $50, it's a good rule of thumb not to have more than 1K open at any time. Even with 1K, you are trading at 20:1 effective leverage with $50 is your account. That's because your $50 are controlling an amount 20 times greater in the market.

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In our Traits of Successful Traders guide, we discuss how accounts that use more than 10:1 effective leverage tend to be less successful than those that use 10:1 leverage or less. For this reason, you may even want to consider increasing your starting balance to $100, so you can trade 1K (which is the minimum trade size) with 10:1 effective leverage. However, this is entirely your choice. We know some traders want to use higher leverage which is why FXCM UK accounts allow you to use up to 200:1 leverage by default.
  • #9,664
  • Nov 21, 2016 5:57pm Nov 21, 2016 5:57pm
Please note there is a holiday in the US on Thursday, November 24th for Thanksgiving. Forex trading hours remain unchanged, and you can see our holiday trading hours for CFD's here: What are the CFD Holiday Hours?
  • #9,665
  • Nov 22, 2016 12:19am Nov 22, 2016 12:19am
Quoting 9jatrader
{quote} How come one can trade with minimum of $50 and yet one cannot demo trade with you with less than $2000. Am not able to open demo of less than $2000. Your account on the demo is already set on your web. Big problem with FXCM.
You can overwrite the figure of 2000 with any amount you want say $50 in your case.
I am using a Demo with $200 in this manner.
  • #9,666
  • Nov 22, 2016 2:44am Nov 22, 2016 2:44am
Quoting arasheed
{quote} You can overwrite the figure of 2000 with any amount you want say $50 in your case. I am using a Demo with $200 in this manner.
It's not possible for me. Jason knows what I mean. I did it in the past. Maybe your account is old. I was able to trade with $1000 in the past. I want to trade with $500 and $200. With many brokers one can do it. Some it's already customized and you can't overwrite now. Don't try it now otherwise you will not be able to open $200 again on FXCM.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 14.8%
  • #9,667
  • Nov 22, 2016 2:50am Nov 22, 2016 2:50am
Quoting 9jatrader
{quote} It's not possible for me. Jason knows what I mean. I did it in the past. Maybe your account is old. I was able to trade with $1000 in the past. I want to trade with $500 and $200. With many brokers one can do it. Some it's already customized and you can't overwrite now. Don't try it now otherwise you will not be able to open $200 again on FXCM.
Well my Demo account is about a month old, and with some manipulating ,I could make it $200.
AAny way Jason can give you a solution to that.
  • #9,668
  • Nov 23, 2016 4:14pm Nov 23, 2016 4:14pm
Quoting arasheed
{quote} Well my Demo account is about a month old, and with some manipulating ,I could make it $200. AAny way Jason can give you a solution to that.
Hi Arasheed,

Actually, I'm not familiar with the method you described. Could you tell me more about how you customized your demo balance? Also, which trading platform are you using for your demo account?

Thanks,
Jason
  • #9,669
  • Nov 23, 2016 4:19pm Nov 23, 2016 4:19pm
Quoting Jason Rogers
Please note there is a holiday in the US on Thursday, November 24th for Thanksgiving. Forex trading hours remain unchanged, and you can see our holiday trading hours for CFD's here: What are the CFD Holiday Hours?
I will be out of the office until Monday, November 28th and will respond to your posts and private messages when I return.

For immediate assistance, you can contact our 24-hour live customer support.

To my fellow traders in the US celebrating Thanksgiving, I wish you happy one!
  • #9,670
  • Nov 23, 2016 4:49pm Nov 23, 2016 4:49pm
Hi Jason,

Will FXCM introduce Ctrader as another alternative trading platform?
  • #9,671
  • Nov 24, 2016 9:00am Nov 24, 2016 9:00am
Quoting Jason Rogers
{quote} Hi Arasheed, Actually, I'm not familiar with the method you described. Could you tell me more about how you customized your demo balance? Also, which trading platform are you using for your demo account? Thanks, Jason
Well as far as I remember on Mt4 platform Right click on Accounts and continue to dialogue Boxes as pe attached photos where in the last there option to select $3000. Here you over write to your required amount say $200.
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  • #9,672
  • Nov 24, 2016 3:28pm Nov 24, 2016 3:28pm
Quoting arasheed
{quote} Well as far as I remember on Mt4 platform Right click on Accounts and continue to dialogue Boxes as pe attached photos where in the last there option to select $3000. Here you over write to your required amount say $200.{image}{image}{image}{image}
May be it was possible because you used Account: Australia
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 14.8%
  • #9,673
  • Nov 24, 2016 6:23pm Nov 24, 2016 6:23pm
Quoting mattrader
Hi Jason, Will FXCM introduce Ctrader as another alternative trading platform?
I doubt any US trader will offer cTrader. Dealer manipulation is impossible on that platform, which doesn't fit US brokers model.
  • #9,674
  • Nov 24, 2016 6:27pm Nov 24, 2016 6:27pm
Just sharing a complimentary post I wrote about FXCM.

Moved from Pepperstone to FXCM
I have moved from Pepperstone to FXCM AU. No particular complains about Pepperstone. They have been good. But FXCM has many distinct advantages on Pepperstone such as:

  1. Regulated to the hilt across multiple continents.
  2. Reformed broker. They have had their own blunders, but lets just say that they have learned their lessons (the hard way).
  3. Access to multiple platform using a single account login i.e. MT4, Tradestation2, PTMC, Trading View, Ninja Trader and many others. No other broker has access to so many different platform using same user/password. Although I dont find any particular platform a must have necessity for me any more, but it is always good to have more toys.
  4. 0.5 ms connection to their trading server from (free) VPS. Good to have end of the world stop loss.
  5. Exclusive in house volume and transactions indicators.
  6. Good support. To be honest, Pepperstone wasnt bad either.
  7. One of the largest retail forex broker in the world. Their average daily volume exceeds other popular brokers monthly volumes.
  8. And finally, arguably one of the best liquidity and price feed on retail end. During recent GBP flash crash, GBPUSD gaped down hundred of pips less on FXCM than all other brokers I checked.

@trader_umr
  • #9,675
  • Nov 24, 2016 6:40pm Nov 24, 2016 6:40pm
Quoting breaststroke
Just sharing a complimentary post I wrote about FXCM. Moved from Pepperstone to FXCM I have moved from Pepperstone to FXCM AU. No particular complains about Pepperstone. They have been good. But FXCM has many distinct advantages on Pepperstone such as: Regulated to the hilt across multiple continents. Reformed broker. They have had their own blunders, but lets just say that they have learned their lessons (the hard...
And the biggest one, in AU your funds are insured and you are provided 400:1 leverage. In the US they require us to deposit 8 times the money for the same exact trade and then on top of it don't protect the funds.
  • #9,676
  • Nov 25, 2016 12:25am Nov 25, 2016 12:25am
Quoting 9jatrader
{quote} May be it was possible because you used Account: Australia
hi
Australia appears due alphabetical order which again I changed to US $,this also can be changed to GBP,Yen Etc any currency of your choice, I preferred to US $. Please try it.
  • #9,677
  • Nov 25, 2016 12:30am Nov 25, 2016 12:30am
Quoting arasheed
{quote} hi Australia appears due alphabetical order which again I changed to US $,this also can be changed to GBP,Yen Etc any currency of your choice, I preferred to US $. Please try it.
ok thanks
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 14.8%
  • #9,678
  • Nov 25, 2016 7:00am Nov 25, 2016 7:00am
Quoting breaststroke
Just sharing a complimentary post I wrote about FXCM. Moved from Pepperstone to FXCM I have moved from Pepperstone to FXCM AU. No particular complains about Pepperstone. They have been good. But FXCM has many distinct advantages on Pepperstone such as: Regulated to the hilt across multiple continents. Reformed broker. They have had their own blunders, but lets just say that they have learned their lessons (the hard...
Trade live with them and you'll see. You'll wish you had never left your previous broker. Please come back in a year and post your feedback.
  • #9,679
  • Nov 25, 2016 9:54am Nov 25, 2016 9:54am
Quoting keen246
{quote} Trade live with them and you'll see. You'll wish you had never left your previous broker. Please come back in a year and post your feedback.
I've been trading live with them for almost a decade and I'm still satisfied.


Does that count?
  • #9,680
  • Nov 25, 2016 10:12am Nov 25, 2016 10:12am
Quoting Bilstein
{quote} I've been trading live with them for almost a decade and I'm still satisfied. Does that count?
Good for you! My Yugo has also been running very reliably for the past 20 years.
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