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Oanda versus FXCM
在
一般
中
Dec 10, 2014 at 01:43
Hi Tom,Just to clarify, on our old pricing model, there were no commissions. Instead, we used to make our profits from a fixed pip markup that used to be included in the spread. That changed when FXCM introduced a new raw FX spread pricing model.FXCM makes no profit from any spread markup on this new pricing. Instead, we make our money from the commissions. Furthermore, as you can see from the live forex broker spreads page here on Myfxbook, our new pricing with raw FX spreads and commissions compares very favorably with other firms: http://www.myfxbook.com/forex-broker-spreadsIn addition to b...
Oanda versus FXCM
在
一般
中
Dec 06, 2014 at 01:58
Hi John,Seeing has no one else has responded to you so far, I just wanted to make a quick reply to say that I'm FXCM's representative here on Myfxbook, and I'm available to answer any questions you have about our services. 😄
Forex Contest FXCM
在
競賽
中
Dec 03, 2014 at 23:10
While I discuss this in more detail in my first post on the first page of this discussion thread, below is a summary: http://www.myfxbook.com/community/contests/forex-contest/840323,1The Bid and Ask prices you see in the Market Watch window are the best quotes taken from among 10+ competing liquidity providers on FXCM's No Dealing Desk (NDD) forex execution. Those are the actual quotes available to you to execute your trades on our new pricing. However, unlike Trading Station and NinjaTrader, the MT4 platform has a limitation that allows only one price feed per server to be used on charts....
Forex Contest FXCM
在
競賽
中
Dec 01, 2014 at 21:10
It's our pleasure, 240Z 😄Thank you for participating!
Forex Contest FXCM
在
競賽
中
Dec 01, 2014 at 21:01
Hi Innaig86,It's possible you're not taking into account the bid-ask spread and/or the difference between our raw FX spreads which you can see in the Market Watch window, and the MT4 chart prices which I explain in my first post on the first page of this discussion thread: http://www.myfxbook.com/community/contests/forex-contest-fxcm/840323,1If you still have questions about your demo trades, please post the details here.Thanks,Jason
Forex Contest FXCM
在
競賽
中
Dec 01, 2014 at 20:32
Hi Paulo,There seems to be some confusion here about the "Withdrawals" you see on your Myfxbook contest demo page. In fact, that withdrawal field includes any commissions you were charged on forex trades. With FXCM, you are trading on raw FX spreads from 10+ competing liquidity providers. I explain how the commissions work in detail in my first post on the first page of this discussion thread: http://www.myfxbook.com/community/contests/forex-contest-fxcm/840323,1Note that the commission on a 100k standard lot trade (AKA 1.00 lots on MT4) is 100 times larger than the commission on a 1...
Forex Contest FXCM
在
競賽
中
Dec 01, 2014 at 19:50
Hi Tony,I don't have info on a future contest as this time, but we'll post info on Myfxbook again if one is scheduled.
Forex Contest FXCM
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競賽
中
Nov 27, 2014 at 02:40
Thanks for sharing this information, Tony! 😄
Forex Contest FXCM
在
競賽
中
Nov 27, 2014 at 02:37
Thank you for sharing your concerns. If you feel the Myfxbook site has been hacked, please post a link showing an example of this, so it can be investigated.
Forex Contest FXCM
在
競賽
中
Nov 25, 2014 at 19:42
There is no reason why you should not be able to set stop losses on your trades. What error message are you getting?
Forex Contest FXCM
在
競賽
中
Nov 25, 2014 at 17:50
For others wondering about this, I address this question about MT4 charts in detail in my first post on page 1 of this contest discussion thread: http://www.myfxbook.com/community/contests/forex-contest/840323,1FXCM is working on a solution, however, it will not be available before the end of this contest.
Forex Contest FXCM
在
競賽
中
Nov 25, 2014 at 17:46
Hi SCGroup,I'm not familiar with the particular EA to which you are referring, so I cannot comment on it specifically. That said, I would like to direct your attention to the following statements from the contest rules page:"Please note that demo accounts are based on simulated conditions. Though MetaTrader 4 demo accounts attempt to replicate real-time market scenarios, there are key differences that distinguish it from a live account; including, but not limited to, the lack of dependence on real-time market liquidity."Simply put, that means that demo accounts have inherent limi...
Forex Contest FXCM
在
競賽
中
Nov 25, 2014 at 17:32
EAs are allowed as this is an MT4 demo account contest. How is that not fair? You are free to use an EA yourself if you wish.
Forex Contest FXCM
在
競賽
中
Nov 21, 2014 at 22:40
Hi AriesGirl,c3po is correct. The Ask price (AKA the price where you can buy) is higher than the bid price you see on the chart, and the Ask price did not go down low enough to reach your Take Profit level. While MT4 charts won't let you view the historical Ask price, you can use your account login details on Trading Station Web: https://tsweb.fxcorporate.com/On that platform, you can see the Ask price on the charts to see how low it went at the time in question. Please let me know if you have any further questions.Thanks,JasonPS: Argwin, the Take Profit orders on FXCM's MT4 platform ...
Forex Contest FXCM
在
競賽
中
Nov 18, 2014 at 23:27
The GMT+2 setting is not incorrect. It's a preference for many traders who want five equally-sized daily chart bars per week on MT4. (The GMT setting leads to 6 unequal daily bars per week on MT4, which can affect the proper use of some indicators like the 10-day moving average.)The advantage with FXCM (including FXCM US) is that we offer our clients a choice including . If your prefer the GMT setting, then this option is available to you with FXCM. For traders who prefer GMT+2 (AKA New York Close), FXCM offers that too. 😄If your goal is simply to view your local time zone on the M...
Forex Contest FXCM
在
競賽
中
Nov 17, 2014 at 22:28
Your MT4 demo server is set to the GMT+2 time zone, so that daily chart bars are in sync with the 5pm New York Close. (MT4 daily bars begin at midnight server time which on GMT+2 time coincides with 5pm New York time.)That said, you can view your local time zone on your MT4 platform by using our free Local Time Frames app: http://bit.ly/1ojYPtD
Forex Contest FXCM
在
競賽
中
Nov 17, 2014 at 22:23
Thank you all for your concern. Our goal is to provide a fair contest for everyone, and we will take appropriate steps to enforce contest rules where necessary.
Forex Contest FXCM
在
競賽
中
Nov 17, 2014 at 22:06
Trading is closed on Saturdays. You can view the trading hours for all CFD products in the CFD Product Guide: http://bit.ly/TppG9T
Forex Contest FXCM
在
競賽
中
Nov 14, 2014 at 17:31
Hi Alice,There seems to be some confusion here about why you get "off quotes" messages on your FXCM demo account.First it's important to note that there are no re-quotes with FXCM. Re-quote messages are designed to protect a dealing desk broker from losses. By contrast, FXCM provides you with No Dealing Desk (NDD) forex execution, which means we don't take the market risk on the other side of your trades. The "off quotes" messages you see on our MT4 platform are designed to protect you from unwanted negative slippage. What you pointed out actually highlights a uniqu...
Forex Contest FXCM
在
競賽
中
Nov 14, 2014 at 01:17
Hi Nordicvit,Unfortunately, I could not view your HTML link. Could you give me an example with a currency trade you have placed on your demo account? I would be happy to walk you through how the commission is calculated. Note that I also posted some examples on the first page of this discussion thread: http://www.myfxbook.com/community/contests/forex-contest/840323,1
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