To use chat, please login.
Back to contacts
Wivilson (Wivilson)
Mar 24 2015 at 03:38
49 posts
Hi, I want to know if FXCM is safe to deposit and withdraw without problems today, after lower their actions.😞

fxdimarion
Mar 24 2015 at 07:49
46 posts
What do you mean by 'after lower their actions'?

Forex is about the journey not the destination...
fxdotgg
Mar 24 2015 at 14:50
3 posts
They are good ECN/STP brokers. They hide stops and order entries from bankers.

jasonrogers (jasonrogers)
Mar 24 2015 at 17:57
272 posts
Wivilson posted:
Hi, I want to know if FXCM is safe to deposit and withdraw without problems today, after lower their actions.😞


Hi Wivilson,

FXCM clients can deposit, withdraw, and trade as usual. FXCM is one of the few brokers to show you actual retail FX trading volume, and as you can see from EUR/USD, which is one of the most popular currency pairs, our clients EUR/USD trading volumes have hit the highest levels since 2012:



While our clients did experience losses due to the January 15 event, the $300 million financing FXCM received strengthened our balance sheet and gives us the opportunity to grow our core business.

Let me know if you have any questions.

Jason

3xfx
Apr 07 2015 at 06:25
2 posts
BenNathanFX (BenNathanFX)
Apr 07 2015 at 08:57
137 posts
They are fine, but best suited to day traders, or long term traders, not scalpers - they experience higher slippage than most other live account brokers i have tried when things get volatile.

B

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
jasonrogers (jasonrogers)
Apr 08 2015 at 19:09
272 posts
3xfx posted:
They arent a ecn broker.


FXCM offers traders No Dealing Desk (NDD) forex execution. That means we offset each of your orders one-for-one with the best available prices from competing liquidity providers: https://www.myfxbook.com/forex-broker-spreads

Since we don't take the market risk on the other side of your trades, we don't profit from your losses or lose from your profits. Instead, we make our money from your trading volume. Therefore, we want you to be profitable so you will continue trading with us.

jasonrogers (jasonrogers)
Apr 08 2015 at 19:20
272 posts
BenNathanFTA posted:
They are fine, but best suited to day traders, or long term traders, not scalpers - they experience higher slippage than most other live account brokers i have tried when things get volatile.

B


Hi Ben,

With FXCM, slippage can be either positive or negative.

It's important to note that to this day, some brokers may still not provide positive slippage to their clients, while others may provide positive slippage on some order types, but don't provide it on other order types. Still other brokers will re-quote their clients when the price moves in their clients' favor but fail to re-quote when the price moves against them.

By contrast, there are no re-quotes at FXCM, and our clients receive the full benefits of any positive slippage that's available. A one-year study of over 83 million orders executed through FXCM between September 1, 2013 and August 31, 2014 revealed the following:

- 76.2% of all orders had NO SLIPPAGE.
- 13.5% of all orders received positive slippage
- 10.2% of all orders received negative slippage
- More than 58% of all limit and limit entry orders received positive slippage
- 52% of all stop and stop entry orders received negative slippage.

Over the course of those twelve months, FXCM clients benefited from over $21 million in price improvements: https://bit.ly/P6lUzX

Notice how positive slippage is more common with limit orders, while negative slippage is more common with stop orders. That's due to the momentum of price movement when such order types are triggered. It's also worth noting that the Market Range feature on our Trading Station platform and the Enhanced* Maximum Deviation feature on our MT4 platform allow FXCM clients to limit the amount of negative slippage they receive, while still enjoying the full benefits of any positive slippage that's available.

* On the MT4 platforms of some other brokers, the Max Dev feature is unavailable, or if it is available, then it will limit both your negative slippage and your positive slippage equally. By contrast, FXCM enhanced how Max Dev works on our MT4 platform allowing you to limit your negative slippage while still enjoying the full benefits of any positive slippage.

Ms Ushakova
nushakov
Apr 09 2015 at 06:34
9 posts
If you guys are NDD broker, how it happened that you experienced such huge losses due to Jan 15 ? As I guess it was possible if you played against your clients - their gain is your loss.

Please login to comment .