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FXCM review
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FXCM review

  #151 (permalink)
 Vendor: www.fxcm.com 
New York
 
Futures Experience: Intermediate
Platform: Strategy Trader
 
Jason Rogers's Avatar
 
Posts: 164 since Aug 2010
Thanks: 122 given, 152 received


sledmt View Post
Thanks Jason for the info. Is the 2-5 pip up to 10 pip just for new events?

Since Mini accounts use DD execution, it is up to the dealing desk's discretion regarding what market conditions warrant a change to the minimum stop/limit distance. With the No Dealing Desk (NDD) forex execution FXCM provides to Standard and Active Trader accounts, there are no order restrictions even during news events.

If you have questions about our services at FXCM please send me a Private Message.
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  #152 (permalink)
 Vendor: www.fxcm.com 
New York
 
Futures Experience: Intermediate
Platform: Strategy Trader
 
Jason Rogers's Avatar
 
Posts: 164 since Aug 2010
Thanks: 122 given, 152 received


sledmt View Post
By chance, do you know the ratio account types?

It's my pleasure!


sledmt View Post
By chance, do you know the ratio account types?

I don't have access to a breakdown of positive and negative slippage stats by account type but have passed on your request for this info. Perhaps it can be included in a future update to the execution page on our website.

If you have questions about our services at FXCM please send me a Private Message.
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  #153 (permalink)
 Vendor: www.fxcm.com 
New York
 
Futures Experience: Intermediate
Platform: Strategy Trader
 
Jason Rogers's Avatar
 
Posts: 164 since Aug 2010
Thanks: 122 given, 152 received



sledmt View Post
Somewhat unclear about your information above. During new events the DD is performing some level of re-quoting to the customer?

There are no re-quotes with FXCM regardless of your account type.


sledmt View Post
Does FXCM ever change an account from mini to standard for other reasons other than dollars amount?

Yes, FXCM may take steps to mitigate its risk arising from providing DD execution to Mini accounts more effectively by, at our sole discretion and at any time and without previous consent, transferring your underlying account to our NDD execution for Standard accounts.

That means, we don't have to resort to the dealer intervention practices (re-quotes and excessive spread widening particularly during news events) which can occur with DD-only brokers, and you can have confidence in trading your FXCM account regardless of the account type you choose.

If you have questions about our services at FXCM please send me a Private Message.
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  #154 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received


Jason Rogers View Post
It's my pleasure!



I don't have access to a breakdown of positive and negative slippage stats by account type but have passed on your request for this info. Perhaps it can be included in a future update to the execution page on our website.

If someone has some data on this question, I would enjoy seeing the information.

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The following user says Thank You to sledmt for this post:
 
  #155 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received


Jason Rogers View Post
Since Mini accounts use DD execution, it is up to the dealing desk's discretion regarding what market conditions warrant a change to the minimum stop/limit distance. With the No Dealing Desk (NDD) forex execution FXCM provides to Standard and Active Trader accounts, there are no order restrictions even during news events.

Thanks for the info. Do you have any idea on the amount of time between placing an market order and DD filling that order?

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  #156 (permalink)
 Vendor: www.fxcm.com 
New York
 
Futures Experience: Intermediate
Platform: Strategy Trader
 
Jason Rogers's Avatar
 
Posts: 164 since Aug 2010
Thanks: 122 given, 152 received


sledmt View Post
If someone has some data on this question, I would enjoy seeing the information.


sledmt View Post
Thanks for the info. Do you have any idea on the amount of time between placing an market order and DD filling that order?

While I don't have access to those stats at this time, I'll include these requests with the other feedback you provided on our execution data. Thanks again!

If you have questions about our services at FXCM please send me a Private Message.
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The following user says Thank You to Jason Rogers for this post:
 
  #157 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received


Jason Rogers View Post
While I don't have access to those stats at this time, I'll include these requests with the other feedback you provided on our execution data. Thanks again!

thanks for your help Jason

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  #158 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,500 since Nov 2011
Thanks: 4,297 given, 2,172 received

FXCM review

Jason

Thanks for the pm the other day, family and I were on the last few days of a Hawaiian vacation.
The thing holding me back from opening an account at FXCM with $100k is the lack of two step authentication account login.

I'm currently looking at www.RoboForex.com because they have this technology. http://www.roboforex.com/operations/verification/2-step-authentication/

I would love to open one with you guys and make my life simpler because I could still use Ninja.

From the info you posted in the pm to me....
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Showing you guys being a big player why don't you have the latest tech, please.

Due to this hacking I require two-step authentication...shouldn't be to big of an ask in light of the fact you had a problem with hacking already and it seems you clearly have the resources to make a change of this size http://mobile.reuters.com/article/idUSL3N1213FH20151001

Ron


Sent from my iPhone using Tapatalk

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)

Last edited by Blash; August 28th, 2016 at 04:50 PM.
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  #159 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,500 since Nov 2011
Thanks: 4,297 given, 2,172 received


Blash View Post
Jason

Thanks for the pm the other day, family and I were on the last few days of a Hawaiian vacation.
The thing holding me back from opening an account at FXCM with $100k is the lack of two step authentication account login.

I'm currently looking at RoboForex - 24x5 Online Forex Trading | Currency Trading Broker because they have this technology. Two-step authentication

I would love to open one with you guys and make my life simpler because I could still use Ninja.

From the info you posted in the pm to me....
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Showing you guys being a big player why don't you have the latest tech, please.

Due to this hacking I require two-step authentication...shouldn't be to big of an ask in light of the fact you had a problem with hacking already and it seems you clearly have the resources to make a change of this size UPDATE 2-Hackers attack forex broker FXCM | Reuters

Ron


Sent from my iPhone using Tapatalk

SHOOT

Just realized the fine print at the bottom of the roboforex site..they dont take US clients..........Wonderful........lol

Looks like Im stuck with FXCM................ let's implement two-step people...............

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #160 (permalink)
 Vendor: www.fxcm.com 
New York
 
Futures Experience: Intermediate
Platform: Strategy Trader
 
Jason Rogers's Avatar
 
Posts: 164 since Aug 2010
Thanks: 122 given, 152 received



Blash View Post
SHOOT

Just realized the fine print at the bottom of the roboforex site..they dont take US clients..........Wonderful........lol

Looks like Im stuck with FXCM................ let's implement two-step people...............

Ron

Hi Ron,

I followed up with our relevant teams regarding your request for two-factor authentication. While this is currently being discussed, I don't have a time frame for you regarding whether this will be offered anytime soon.

That said, the amount you intend to deposit would qualify you for an Active Trader account with FXCM. Active Trader benefits include dedicated support, premium services and custom solutions. If you like, I could ask one of my colleagues in Active Trader support to follow up with you to discuss alternatives. You can send me a PM with your contact details and the best time for us to reach you.

If you have questions about our services at FXCM please send me a Private Message.
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