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FXCM review
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Created: by Big Mike Attachments:4

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FXCM review

  #51 (permalink)
Trading for Fun
West Java
 
Futures Experience: None
Platform: MotiveWave
Favorite Futures: AAPL, Bund, FX
 
Posts: 145 since Apr 2014
Thanks: 143 given, 122 received

FXCM Launches New Pricing Model Offering Raw Forex Spreads On Average Reduces Trading Cost by 50% on Top 14 Currency Pairs Implements Tighter Spreads and Commission Pricing to be more Competitive and Transparent | Business Wire

Love the new raw spreads ... Good Job FXCM ...
From what i've seen so far, I think on average it is on par with the most tightest non US FX Brokers ...



Last edited by Thxo; September 22nd, 2014 at 02:25 PM.
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  #52 (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, 153 received



Hi Thxo, I'm glad you're please with the new spreads!

A reminder for FXCM US clients: On Friday, October 3rd your accounts were upgraded to our new pricing. That means you're now trading on raw FX spreads. The pip markups that were previously included in the spreads have been replaced with transparent low commissions. We believe that this pricing model reflects FXCM's core business principals, offering direct access to quotes from multiple liquidity providers and will be ideal for scalping while providing increased execution benefits to stop and limit orders.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

1 Listed spreads and commissions will not apply to some customer accounts due to their relationship with certain intermediaries.

If you have questions about our services at FXCM please send me a Private Message.
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  #53 (permalink)
Elite member
Hertfordshire England
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: DAX
 
pvlee's Avatar
 
Posts: 92 since May 2011
Thanks: 96 given, 164 received

FXCM spreadbetting Germany30CFD


I have recently opened a live account (September 2014) and have had good execution and usually a 1 tick spread on the DAX. I have no complaints so far. I have previously traded FDAX and CL futures through US brokers and have not noticed any difference in execution through the spread betting account. The FXCM account is 'no dealing desk' which is comforting and is exactly the same feed as the non spreadbetting acccounts, according to FXCM. I haven't noticed anything out of the ordinary on slippage so far.

In fact my experience with FXCM's spreadbetting account has exceeded my expectations so far and I will be increasing my lot size soon hoping for no out of the ordinary slippage issues.

The lack of access to accurate volume is a slight issue for me but so far, so good :-) 9 out of 10

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  #54 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,163 since Jun 2009
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FXCM near collapse after $250M loss post-SNB

Largest Retail FX Broker Stock Crashes 90% As Swiss Contagion Spreads | Zero Hedge

Mike

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  #55 (permalink)
Rristocrat
zurich
 
Futures Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Favorite Futures: Bund, ES, ...
 
puma's Avatar
 
Posts: 963 since Aug 2010
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zerohedge posts the usual half-truths.

based on the quoted statements oanda has handled the chf break well.

(zerohedge's russian overlords keep the leash a little loose these days - as it seems )

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  #56 (permalink)
Elite Member
Waco TX.
 
Futures Experience: Advanced
Platform: Robinhood
Favorite Futures: STOCKS
 
quantismo's Avatar
 
Posts: 213 since Jul 2011
Thanks: 305 given, 145 received

FXCM ...will it get sink or swim ?

knowing the valuation of the company was just under $600 million and they only lost half that I took a large equity position pre-market near the bottom price.

Right now there halted from trading.

Lets see if I was a Rockstar or a Rockhead ....when they get things sorted out


Quantismo....

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  #57 (permalink)
Site Administrator
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quantismo View Post
knowing the valuation of the company was just under $600 million and they only lost half that I took a large equity position pre-market near the bottom price.

Right now there halted from trading.

Lets see if I was a Rockstar or a Rockhead ....when they get things sorted out


Quantismo....

I think you will be OK. I considered doing the same but was too occupied with my normal trades.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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The following user says Thank You to Big Mike for this post:
 
  #58 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,163 since Jun 2009
Thanks: 29,275 given, 82,773 received

Breaking: FXCM in Fire Sale Talks with Potential Buyers

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #59 (permalink)
Elite Member
Ireland
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: CL GC FDAX
 
Posts: 118 since Jul 2012
Thanks: 85 given, 48 received

And I thought these guys at FXCM were supposed to be whiter than white!!!

Goes to show you never can tell (as the song says)...

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  #60 (permalink)
Trading for Fun
West Java
 
Futures Experience: None
Platform: MotiveWave
Favorite Futures: AAPL, Bund, FX
 
Posts: 145 since Apr 2014
Thanks: 143 given, 122 received


http://www.zerohedge.com/news/2015-01-16/knight-20-jefferies-rescues-fxcm-300-million-bailout-cnbc-reports

Leucadia (parent of Jefferies) gives FXCM $300 million in financing to continue normal operations.


Last edited by Thxo; January 16th, 2015 at 03:34 PM.
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