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FXCM Discussion

  • #9,721
  • Dec 2, 2016 4:50pm Dec 2, 2016 4:50pm
Quoting timos
{quote} Jason,thanks for your answer. I tried the demo with TradingView. However,there are few things I noticed with trading view which don't fit my strategy. 1.Heding is not allowed 2.Positions are combined to 1 (netted ) 3.Partial close is not allowed (This may be tradingview function,so I understand this part) Are these conditions the same (especially 1 & 2) if I open a real account with Fxcm Uk or other parts of Europe and use TradingView?
Hi Timos,

The trading conditions you described apply to US accounts to comply with NFA/CFTC regulations. Your forum profile mentions you live in Albania, so you can open and account with FXCM UK where hedging and closing individual trade tickets is allowed.
  • #9,722
  • Dec 2, 2016 4:57pm Dec 2, 2016 4:57pm
Quoting Jason Rogers
{quote} Hi Timos, The trading conditions you described apply to US accounts to comply with NFA/CFTC regulations. Your forum profile mentions you live in Albania, so you can open and account with FXCM UK where hedging and closing individual trade tickets is allowed.
Jason,

I know the differences between US and other regulations.

I am asking if hedging & partial close can be done through tradingview.com because with the demo account that I tried, it is not possible.

Thank you
  • #9,723
  • Dec 3, 2016 5:48pm Dec 3, 2016 5:48pm
Hi,

I am thinking on opening an account on a fxcm IB partner ( FXFlat ).

I was wondering if I would still have access to myfxcm, and especially use this app : https://www.fxcmapps.com/apps/multiple-stops-limits/

Also, how come I am able to open and close trades during the weekend in the demo ?

Thanks !
  • #9,724
  • Dec 5, 2016 11:57am Dec 5, 2016 11:57am
Quoting timos
{quote} Jason, I know the differences between US and other regulations. I am asking if hedging & partial close can be done through tradingview.com because with the demo account that I tried, it is not possible. Thank you
Hi Timos,

It sounds like you have an FXCM US demo account which complies with CFTC regulations that prohibit hedging and enforce FIFO execution. Instead, trying registering for an FXCM UK demo account. That should allow you to hedge and partially close specific trade tickets even with TradingView charts.
  • #9,725
  • Dec 5, 2016 1:10pm Dec 5, 2016 1:10pm
Quoting pereiraalex
Hi, I am thinking on opening an account on a fxcm IB partner ( FXFlat ). I was wondering if I would still have access to myfxcm, and especially use this app : https://www.fxcmapps.com/apps/multiple-stops-limits/ Also, how come I am able to open and close trades during the weekend in the demo ? Thanks !
Welcome to the forum, Alex!

All FXCM accounts have access to MyFXCM.com which you can use to get account statements and to make deposits and withdrawals. Even if you set up your account with FXFlat as your IB, you will have access to Trading Station Desktop which will allow to use the Multiple Stops and Limits automated strategy from FXCMapps.com
  • #9,726
  • Dec 5, 2016 2:18pm Dec 5, 2016 2:18pm
Quoting Jason Rogers
{quote} Hi Timos, It sounds like you have an FXCM US demo account which complies with CFTC regulations that prohibit hedging and enforce FIFO execution. Instead, trying registering for an FXCM UK demo account. That should allow you to hedge and partially close specific trade tickets even with TradingView charts.
Jason,
Thanks for your reply.

I can see the hedging option now but not the partial close

I tried the available options bout couldn't find it on TradingView
Attached Image (click to enlarge)
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I have 2 more questions if you don't mind.

1.Is Gold & Oil available for trade through TradingView?
2.Do you accept debit cards for deposits ?

Thank you
  • #9,727
  • Dec 6, 2016 1:47pm Dec 6, 2016 1:47pm
Quoting timos
{quote} Jason, Thanks for your reply. I can see the hedging option now but not the partial close I tried the available options bout couldn't find it on TradingView {image} I have 2 more questions if you don't mind. 1.Is Gold & Oil available for trade through TradingView? 2.Do you accept debit cards for deposits ? Thank you
The way TradingView's charts work, you can either hedge or partially close trades but not both. With hedging enabled on your account, if you buy 100K USD/JPY and then sell 30K, you will have two open positions in USD/JPY: a 100K long position and a 30K short position. With hedging disabled, if you buy 100K USD/JPY and then sell 30K, you will have one open position in USD/JPY: a 70K long position. If you want to keep hedging enabled on your account and still be able to partially close trades, you can do so by using our Trading Station platforms (Desktop, Web and Mobile) when you want to partially close a trade. TradingView charts will only let you close a trade in its entirety if you have hedging enabled.

Gold and oil trading are possible through TradingView if you have an FXCM UK or FXCM Australia account. Under CFDs in the chart toolbar select CFDs and look for XAU/USD (gold), USOil (WTI) and UKOil (Brent).

You can make deposits with a debit card if it has a Visa or Mastercard logo on it.
  • #9,728
  • Dec 6, 2016 2:33pm Dec 6, 2016 2:33pm
Quoting Jason Rogers
{quote} Welcome to the forum, Alex! All FXCM accounts have access to MyFXCM.com which you can use to get account statements and to make deposits and withdrawals. Even if you set up your account with FXFlat as your IB, you will have access to Trading Station Desktop which will allow to use the Multiple Stops and Limits automated strategy from FXCMapps.com

Thanks.

I opened the account. Its currently locked, but the IB already has my documents. I tried using several apps, some very cool indeed. Market Depth view, though, doesn't work. Errors with "missing marketDepth.dll".

Does fxcm have a development manual ? As a programmer, would love to code lua or javascript on tradestation.

Also, any possiblity to use tradestation on linux ?

Thanks!
  • #9,729
  • Dec 6, 2016 4:34pm Dec 6, 2016 4:34pm
Quoting pereiraalex
{quote} Thanks. I opened the account. Its currently locked, but the IB already has my documents. I tried using several apps, some very cool indeed. Market Depth view, though, doesn't work. Errors with "missing marketDepth.dll".
The Market Depth indicator on Trading Station Desktop only works with live Standard accounts. You mentioned your account is currently locked pending the completion of the setup. Please try using the indicator again once you've received confirmation that your account has been activated. If you still have difficulty viewing Market Depth on your platform after that, then our live customer support team can help you over the phone anytime 24 hours a day.

Quoting pereiraalex
Does fxcm have a development manual ? As a programmer, would love to code lua or javascript on tradestation.
This webpage provides info on the Software Delopment Kit (SDK) for Trading Station Desktop and Marketscope charts: http://fxcodebase.com/wiki/index.php..._Indicore_SDK?

Quoting pereiraalex
Also, any possiblity to use tradestation on linux ? Thanks!
Trading Station Desktop runs on Windows. Trading Station Web will run on any web browser with flash capability but lacks the programming functionality of Trading Station Desktop.

We are currently beta testing a new web-based platform that runs on HTML 5. Currently it's only available for demo accounts: http://www.forexfactory.com/showthre...30#post8972330
  • #9,730
  • Dec 6, 2016 6:37pm Dec 6, 2016 6:37pm
Quoting pipmaster77
{quote} What risk? 80% of my capital is in my own bank as opposed to 100% being with a US "regulated" broker. The risk is being with a US broker. The"minimum standards of financial responsibility and transparency set by a government regulator" does nothing for me. Please explain to me the benefit? if you look at all of the fines imposed on US brokers, in addition to the crooks who ran with the money, as well as the ones that the regulators were keeping such a careful watch on that they were reporting false numbers, how is it benefiting me? As stated...

New to the game and based in the US.

I have done my research and agreed with Pipmaster 100%

So in your experience which non-US broker do you recommend for US based FX traders?

Thank You
  • #9,731
  • Dec 8, 2016 4:25am Dec 8, 2016 4:25am
Quote
We are currently beta testing a new web-based platform that runs on HTML 5. Currently it's only available for demo accounts: http://www.forexfactory.com/showthre...30#post8972330

Thanks !

I tried to use it, but could not login with my current demo account, neither creating a new one from there. Always says invalid username/password.
  • #9,732
  • Dec 8, 2016 4:13pm Dec 8, 2016 4:13pm
Quoting pereiraalex
{quote} Thanks ! I tried to use it, but could not login with my current demo account, neither creating a new one from there. Always says invalid username/password.
You're right, Alex. It's seems our developers have disabled that demo registration link to the beta test for the time being. In the meantime, please email beta AT fxcm DOT com to request demo login details, if you would still like to join the beta test group. I apologize for the inconvenience.
  • #9,733
  • Dec 8, 2016 4:14pm Dec 8, 2016 4:14pm
I will be out of the office until Monday, December 19th and will respond to your posts and private messages when I return.

For immediate assistance, you can contact our 24-hour live customer support.
  • #9,734
  • Dec 9, 2016 3:25pm Dec 9, 2016 3:25pm
Which FXCM compatible trading platforms can you trade from a chart? from a DOM?

I was trading from the FXCM MT4 demo and it seemed that it was up to me to insure FIFO compliance, is this always true?

When using the FXCK Ninjatrader demo, there was not an issue with trades canceled for FIFO violation. I but buys in the DOM as price dropped and sells as price rose. When I went back and looked at the trades, FIFO was complied with and the first trades, as you would expect, showed losses and the most rencent showed profit. The FIFO compliance was evidently conducted by the Platform? Can MT4 do this with the right settings or operation.

Customer segregated funds;

FXCM advertises that Customer funds are segregated and insured. People on this forum are complaining about no segregation. What is the truth?

Were all accounts from the last fiasco in 2015 made whole? How long did it take?

When is a trade settled? In other words when do you know that FXCM is going to come to me and say, "Oh you didn't really get a fill there?"

I am planning on using the no dealing desk model.

The fine print says that FXCM can at their discretion move me off of the NDD model. Why would they do that? Because I lose and they want the profit? When can they do this? Does it have anything to do with how large my balance is?

Maybe the best way to insure NDD is to trade OANDA with low leverage and no stop. They would be silly to not hedge off a consistently profitable traders positions?
  • #9,735
  • Dec 9, 2016 5:08pm Dec 9, 2016 5:08pm
They don't need to hedge anything too much. Look and Oanda's, FXCM's, Dukas's and others sentiment charts. Euro dropping like a stone, but majority of clients long. Easy and free money.
Fools and their money not working very well together.
  • #9,736
  • Dec 9, 2016 5:14pm Dec 9, 2016 5:14pm
Quoting Jason Rogers
I will be out of the office until Monday, December 19th and will respond to your posts and private messages when I return. For immediate assistance, you can contact our 24-hour live customer support.
Hi Jason,
Do you let US traders open accounts on your UK or Australia platforms and access the same high leverage ratio?

Thank You,
  • #9,737
  • Dec 9, 2016 10:07pm Dec 9, 2016 10:07pm
Quoting ElChapo
{quote} Hi Jason, Do you let US traders open accounts on your UK or Australia platforms and access the same high leverage ratio? Thank You,
Seriously?Don't you think everyone would do that if possible?
  • #9,738
  • Dec 13, 2016 2:34am Dec 13, 2016 2:34am
Attached Image (click to enlarge)
Click to Enlarge Name: FCA Proposal.PNG Size: 129 KB
- http://www.financemagnates.com/forex...ex-cfds-firms/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #9,739
  • Dec 14, 2016 8:10am Dec 14, 2016 8:10am
Attached Image (click to enlarge)
Click to Enlarge Name: FCA Proposal Clients.PNG Size: 14 KB
- http://www.financemagnates.com/forex...influence-fca/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #9,740
  • Dec 14, 2016 8:33am Dec 14, 2016 8:33am
Attached Image
- https://www.fca.org.uk/cp16-40-response-form
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
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