Oct 19 2014 at 13:59
This topic is for discussing the Forex Contest.
Oct 23 2014 at 17:57
Hi Everyone,
I'm FXCM's representative here on Myfxbook and am available to answer your questions.
One question that I anticipate some of you may ask is about the charts on your MT4 platform. In this trading contest, you will be trading on FXCM's new pricing with raw FX spreads and low commissions. Below is an illustration of how this new pricing compares to the old model.
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!
Jason
I'm FXCM's representative here on Myfxbook and am available to answer your questions.
One question that I anticipate some of you may ask is about the charts on your MT4 platform. In this trading contest, you will be trading on FXCM's new pricing with raw FX spreads and low commissions. Below is an illustration of how this new pricing compares to the old model.
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!
Jason
Oct 23 2014 at 21:10
jasonrogers posted:
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.
I just wanted to add that the login details for you contest demo account will work not only on MT4, but also on the Trading Station platform: https://bit.ly/16wW9uc
Unlike with the MT4 charts, you will be able to see our new FX spreads reflected on your Trading Station charts. That said, your trades will always be executed on our new pricing, regardless of which platform you choose. 😄
Oct 24 2014 at 08:01
are alberta canada. residents allowed to join? i know that regularly they dont allow me to open live acct. because of where i live. any help tks..
Oct 24 2014 at 08:02
commission is still high i trade with fxdd the commission is .5 pip per lot and spread is like yours
Oct 24 2014 at 08:02
there are something else you don't support electronic banks
Oct 24 2014 at 08:02
My question isn't about the contest but I want to know why FXCM doesn't accept electronic payments such as skrill, neteller etc.....
FXCM is a great broker especially with the new tight spreads, so if you provide different deposit and withdrawal methods it'd be great :)
Good luck for your company and good luck to all participants in this contest :)
FXCM is a great broker especially with the new tight spreads, so if you provide different deposit and withdrawal methods it'd be great :)
Good luck for your company and good luck to all participants in this contest :)
Quand on veut on peut
Oct 24 2014 at 08:02
Hi Jason,
Thanks for the info. I have a live FXCM UK account. Will all existing accounts automatically be transitioned to the new spread + commission costs? Do you know when it will happen?
Thanks!
Thanks for the info. I have a live FXCM UK account. Will all existing accounts automatically be transitioned to the new spread + commission costs? Do you know when it will happen?
Thanks!
Oct 24 2014 at 08:02
Hi Jason,
Is there a minimum number of trades or volume that contestants must exceed?
Is there a minimum number of trades or volume that contestants must exceed?
Oct 24 2014 at 08:03
Hi, Jason.
The FXCM mt4 version 735, has no "signal" tab.
Will not be allowed to receive signals in the contest?
It seems honest, but I need to know.
sincerely,
Paul Sadi
competitive 2132452
The FXCM mt4 version 735, has no "signal" tab.
Will not be allowed to receive signals in the contest?
It seems honest, but I need to know.
sincerely,
Paul Sadi
competitive 2132452
