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plotinus82 replied Apr 13, 2014Would be happy to answer that. First I believe FXCM has a similar reputable that interactive brokers, a lot of the other more professional accounts Eg. CFH, ICAP EBS which I use currently will require you to pass the MiFID requirements as a ...
FXCM Discussion
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plotinus82 replied Apr 13, 2014I was in fact using the ActiveTrader platform, not the dealing desk execution. They claim they are fully STP with 15+ liquidity providers including price offerers and price takers, eg. Banks and Hedge funds. Nah ActiveTrader is their 2nd best ...
FXCM Discussion
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plotinus82 replied Apr 13, 2014That's the common mentality that brokers assume people have and that's why they get away with their misconduct until it gets too big and the regulators couldn't decide to ignore it, the US regulators such as the SEC and CFTC have in fact done a much ...
FXCM Discussion
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plotinus82 replied Apr 13, 2014They don't have fixed spreads, they have 3 different execution models. Mis-selling is the issue. If you can't handle something, don't say you can and make the consumer pay the expenses of it.
FXCM Discussion
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plotinus82 replied Apr 13, 2014lol what would they be able to say instead of giving table of their statistics which did not apply to my trading at all, they cannot deal with complaints properly, asks me to talk to someone who lied in their response and all they say is. That is ...
FXCM Discussion
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plotinus82 replied Apr 13, 2014Oh there are skewing evidences in accordance to their B Book definitely on the charts.
FXCM Discussion
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plotinus82 replied Apr 13, 2014FXCM claims it is NDD. Which I highly doubt observing the spreads.
FXCM Discussion
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plotinus82 replied Apr 13, 2014They have in house lawyers so those lawyers deal with it themselves. I have dealt with their in house lawyer in the UK, it is nothing but a standard referral to what is already said on the site and a reliance of exclusion clauses without them ...
FXCM Discussion
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plotinus82 replied Apr 13, 2014For a small balance you can use whatever regulated reputable brokers, and even FXCM. But not big balances.
FXCM Discussion
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plotinus82 replied Apr 13, 2014Does no one realise that they once claimed to have Level 5 pricing on FXCM's Active Trader? it's been taken off now for mysterious reasons. But look at this picture: url The liquidity they are getting in USD / CHF should be much worse than ...
FXCM Discussion
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plotinus82 replied Apr 13, 2014And in the recent FCA fine, the regulators have made it very clear that: FXCM UK also failed to check that its order execution systems were effective, and whether its order execution polices complied with the FCA’s rules on best execution. These ...
FXCM Discussion
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plotinus82 replied Apr 13, 2014Listen in theory London Capital Group will have smaller credit lines than FXCM. FXCM deals with 22 Billion in terms of volume everyday, LGC would probably only have 5 yards. And FXCM's liquidity is hella worse than the price ladder I see on LGC? I ...
FXCM Discussion
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plotinus82 replied Apr 13, 2014Now to credit FXCM in terms of the Friday and weekend setting. FXCM in fact greys out the platform and no one would be margin called. Now there is a good thing about this is that they do not execute you for the spread. HOWEVER, a lot of the Moody's ...
FXCM Discussion
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plotinus82 replied Apr 12, 2014Makavell, I trade big with FXCM too and my experience were poor. I trade in sizes of $10-$20 Million. The execution is nothing like a big forex broker who handles 22 Billion of volume per day. Frankly, I even got better execution at 2nd tier ...
FXCM Discussion
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plotinus82 replied Apr 11, 2014yeah even compliance can't handle inquiries complaints properly and gives monkey responses.
FXCM Discussion