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FXCM shut down (banned by CFTC from operating in the USA)


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FXCM shut down (banned by CFTC from operating in the USA)

  #11 (permalink)
 NeverAsk73 
 
Posts: 24 since Aug 2012


warcious View Post
Fellow Traders, So which accounts can I still trade FX using Ninjatrader if I want to trade using margin? Is FXCM the only broker Ninjatrader provides for FX trading?!?

Warcious

LMAO finally FXCM got the nail in the coffin they had it coming for ages - cant wait to see what NinjaTrader will do now that they removed Gain Capital from their support list ;D

You can use Forex.com(Gain Capital) if you wan trade with them but you need to go trough a special step to get you account enable for NinjaTrader as i said it will only work with NT7 not NT8 as they have dropped support for it due to "not many demand" lol you think they will have demand for it next month?

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  #12 (permalink)
 mastercraft29 
central florida
 
Posts: 192 since Jul 2014


kishisaki View Post
LMAO finally FXCM got the nail in the coffin they had it coming for ages - cant wait to see what NinjaTrader will do now that they removed Gain Capital from their support list ;D

You can use Forex.com(Gain Capital) if you wan trade with them but you need to go trough a special step to get you account enable for NinjaTrader as i said it will only work with NT7 not NT8 as they have dropped support for it due to "not many demand" lol you think they will have demand for it next month?



thanks for the info - what is the extra step you are talking about ?

Also do you know how much the commission costs are for gain (forex.com) ?

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  #13 (permalink)
 warcious 
Brisbane + Australia
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG, NinjaTrader Brokerage
Trading: NQ, FDAX
Posts: 104 since Oct 2016
Thanks Given: 35
Thanks Received: 21



kishisaki View Post
LMAO finally FXCM got the nail in the coffin they had it coming for ages - cant wait to see what NinjaTrader will do now that they removed Gain Capital from their support list ;D

You can use Forex.com(Gain Capital) if you wan trade with them but you need to go trough a special step to get you account enable for NinjaTrader as i said it will only work with NT7 not NT8 as they have dropped support for it due to "not many demand" lol you think they will have demand for it next month?

Thanks for the post kishsaki!
Is Gain better then FXCM?
What about their fees and stability? Any experience?

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  #14 (permalink)
 NeverAsk73 
 
Posts: 24 since Aug 2012


mastercraft29 View Post
thanks for the info - what is the extra step you are talking about ?

Also do you know how much the commission costs are for gain (forex.com) ?


warcious View Post
Thanks for the post kishsaki!
Is Gain better then FXCM?
What about their fees and stability? Any experience?

NinjaTrader Connection Guide for GAIN Capital/Forex.com

yeah there is no commission lol that alone makes it better ;D that's what made me move away from FXCM in the first year.

spreads is fine as well but i am currently using the MT4 version due to NT dropping support for it on NT8 because its just a matter of time before NT7 gets axed - knowing NT history of dropping everybody off since they got their own brokerage like they did with AMP Futures ><

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  #15 (permalink)
 warcious 
Brisbane + Australia
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG, NinjaTrader Brokerage
Trading: NQ, FDAX
Posts: 104 since Oct 2016
Thanks Given: 35
Thanks Received: 21


kishisaki View Post
NinjaTrader Connection Guide for GAIN Capital/Forex.com

yeah there is no commission lol that alone makes it better ;D that's what made me move away from FXCM in the first year.

spreads is fine as well but i am currently using the MT4 version due to NT dropping support for it on NT8 because its just a matter of time before NT7 gets axed - knowing NT history of dropping everybody off since they got their own brokerage like they did with AMP Futures ><

So you mean the only cost are the spreads? And you are fine with the spreads? What datafeed are you using?
I think NT will be forced to put them back on as supported broker as long as they dont have their own FX brokerage, which I do not think they will start.

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  #16 (permalink)
 NeverAsk73 
 
Posts: 24 since Aug 2012


warcious View Post
So you mean the only cost are the spreads? And you are fine with the spreads? What datafeed are you using?
I think NT will be forced to put them back on as supported broker as long as they dont have their own FX brokerage, which I do not think they will start.

Correct, there is no commission the only cost of trading is the spread.

The data feed that comes with Gain Capital since Gain Capital is a liquidity provider it has his own data feed so it doesn't get its data from 3rd-party like FXCM like many others does.(i could be wrong) i just remember researching about it long time ago so things could have changed or will change ;D

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  #17 (permalink)
 warcious 
Brisbane + Australia
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG, NinjaTrader Brokerage
Trading: NQ, FDAX
Posts: 104 since Oct 2016
Thanks Given: 35
Thanks Received: 21


kishisaki View Post
Correct, there is no commission the only cost of trading is the spread.

The data feed that comes with Gain Capital since Gain Capital is a liquidity provider it has his own data feed so it doesn't get its data from 3rd-party like FXCM like many others does.(i could be wrong) i just remember researching about it long time ago so things could have changed or will change ;D

Apparently City Index is taking care of the Forex.com Australian accounts right now.
And they dont know if they support Ninjatrader. wonderful!
I will follow up with my findings.

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  #18 (permalink)
 NeverAsk73 
 
Posts: 24 since Aug 2012


warcious View Post
Apparently City Index is taking care of the Forex.com Australian accounts right now.
And they dont know if they support Ninjatrader. wonderful!
I will follow up with my findings.

They should as they are all going to the same place at the end - Gain Capital.
Make sure you talk with the right people and the right department.
regular tech support @ forex.com will also tell you that they dont support ninjatrader - but they do.

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  #19 (permalink)
 warcious 
Brisbane + Australia
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG, NinjaTrader Brokerage
Trading: NQ, FDAX
Posts: 104 since Oct 2016
Thanks Given: 35
Thanks Received: 21


kishisaki View Post
They should as they are all going to the same place at the end - Gain Capital.
Make sure you talk with the right people and the right department.
regular tech support @ forex.com will also tell you that they dont support ninjatrader - but they do.

Correct, but they have outsourced all their Australian accounts to a company called CityIndex.
Seems to be a lot of manoeuvres in the FX business. Maybe its time to go over to FX futures instead?

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  #20 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
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I called this almost 3 years ago:


artemiso View Post

Reading between the lines, am I right to understand that Lucid carries out internal crossings on a large portion of your institutional client (who could represent retirement and pension funds) order flow from FXCM Pro before sending them out to the broader, displayed markets?

Does FXCM or Lucid own Cognitive Data Dispatch LLC (to develop microwave networks) and Kinetic Global Markets Inc (to develop tools for textual news analysis)? What is V3 Markets's role in your ecosystem? How are such entities with significant technological advantages generating revenue responsibly while trading, or being used to trade, the same products as your institutional or retail clients?

I have nothing against FXCM specifically, and regardless of your responses to these questions, I feel that the answers should be available transparently if one is in the business of facilitating clients' trades. The heart of my proposal is that a broker, whether for institutional or retail clients, should work for his clients with no conflict of interest, and that such a practice warrants additional regulatory oversight.

and their rep's response to my questions was definitely opaque and unsatisfactory at the time. I feel an eerie sense of regret that I could have done more.

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