Discussion of the Forex Contest FXCM Forex Contest

islammanjurul posted:
but one question no one is replying - why the hell the FXCM is deducing lots a lots lots of commission for every trade i make???

you mean ' everytrade we make'
because they forget to remove it< as simple as that < as I know everything about dealing desk, all the contestants are in one group called contest , and the dealer just forget to change the setting of our group and remove the commission.

XAG/USD SYMBOL NOT WORKING.😳

FXCM thanks for creating a very sub pair contest. The market watch spread is .2 pips for EUR-USD right now, and on the chart it is 4 full pips. I won´t even waste my time placing trade with this broker. Good luck to everyone.

Yo, cholipop! Do you not read the posts that come from FXCM, explaining why the spread on the chart is different from the spread in the market watch? The market watch quotes are the correct prices. The charts will reflect this at some future date, but not today. Live with it.

Cholipop posted:
 FXCM thanks for creating a very sub pair contest. The market watch spread is .2 pips for EUR-USD right now, and on the chart it is 4 full pips. I won´t even waste my time placing trade with this broker. Good luck to everyone.

Hi @Cholipop

As @amelabs mentioned, this was explained in the second post on the thread, but to reiterate:

The Bid and Ask prices you see in the Market Watch window of your contest demo account are the best bid and ask prices being quoted from among 10+ competing liquidity providers on our No Dealing Desk (NDD) forex execution. Those are the actual quotes available to you to execute your trades on our new pricing.

However, the MT4 charts still show our old pricing, because many clients on these servers have not yet been upgraded to the new pricing (the transition is being done region by region to ensure we follow regulatory requirements for due notice to traders which vary by regulator, and to ensure an orderly transition within our own system so as not to negatively impact our traders), and the MT4 platform only allows one chart price feed per server.

For example, in the image below you can see there is 0.0 pip raw spread for EUR/USD that you can trade on through FXCM's new pricing. However, the charts still show the old pricing with a spread of 2.2 pips.



Please let me know if you have any questions about this. Good luck to all the competitors!

goldgod posted:
XAG/USD SYMBOL NOT WORKING.😳

@goldgod

What volume are you trying to trade? XAG/USD is traded in volume increments of 50. For example, 50, 100, 150, etc. If you volume is not in an increment of 50, then the Sell/Buy buttons in the order window will not activate.

garudaku posted:
what is the server?? please

@garudaku

The server address is FXCM-USDDemo01. This is the server that should be listed in the registration information sent from MyFXBook.

Jason

amelabs posted:
Yo, cholipop! Do you not read the posts that come from FXCM, explaining why the spread on the chart is different from the spread in the market watch? The market watch quotes are the correct prices. The charts will reflect this at some future date, but not today. Live with it.

  Well that isn´t something that I am use to as with my ecn broker both the market watch and what the chart reflects are the same.

SBCapital posted:
Is there max lot size rules? Its all well and good trading 50 lots but if your disqualified for the rules then whats the point. So what is the rules on lots ize? or is it purely whoever can trade the most money wins?

@SBCapital

Please see the official contest rules https://www.myfxbook.com/contests/forex-contest-fxcm/25/rules. There is no disqualification rule based on lot size.

Jason

duartero posted:
Is their a reason no symbols are showing in my dealing rates??

If you're not seeing any symbols in the Market Watch window, right click anywhere over the window and select 'Show All' in the menu. This will display all symbols available for trading.

Jason

Please help I am loading my profit and there are withdrawing from my profit and closing my order

WINNER HAVE TITLE😡 AS CERTIFICATE OF BEST TRADER FROM FXCM?😡😡😐😐😐😄😄😄

newbie slam kenal gan

islammanjurul posted:
@jasonrogers brother, can you please tell me why I am getting lots of commission deductions, any clue?

Hi @islammanjurul

FXCM's compensation used to be included as a part of the spread. With our new pricing model, you can now trade on the raw FX spreads directly from 10+ liquidity providers and our compensation is the transparent commission. Our new forex pricing reduces the EUR/USD transaction cost by up to 60% compared to previous typical spreads.



Raw FX spreads also have the added benefit that the market does not have to move as much in your favor to fill your limit (take profit) orders, because there is no pip markup to the bid and ask prices displayed on your platform. For the same reason, the market would have to move about a pip further before your stops gets triggered.

worldmarketline posted:
Please help I am loading my profit and there are withdrawing from my profit and closing my order

Commission taken out of your trades. New pricing as described above. Thanks.

I think the confusion with the commissions is because normally, the account history will show commissions in the same line as the trade that the commission was taken from. For some reason, FXCM is withdrawing half of the commission from your account when you place a trade, and the other half when you close the trade. So now instead of 1, there are 3 transactions in your history for each trade you place. 1) commission withdrawn when trade is opened. 2) trade information at close. 3) commission withdrawn at close.

The Contest already started?

what is this for commission, sometimes 6 USD somethimes 4 USD for one Lot, and on Top, 2 times commission for the same order
great, No reference for trade in Live here !!!

islammanjurul posted:
@jasonrogers brother, can you please tell me why I am getting lots of commission deductions, any clue?

Broker charge for opening and for closing position. Many brokers do not show the card. This shows all the payment broker for trading.