Anyone Winning with FXCM??

achilles28 · Mar 24, 2007

Seems most posts concerning this broker are decidedly negative.

Any non news traders consistently ***win*** with FXCM??

Or is that more a bucketshop fairy tale?

4X4Living · Mar 25, 2007

Quote from achilles28:

Seems most posts concerning this broker are decidedly negative.

Any non news traders consistently ***win*** with FXCM??

Or is that more a bucketshop fairy tale?

yes i did but they transferred me on the manual execution (before the non dealing system)

so i closed the account and i'm planning now to refund my closed account with them to try the non dealing system

and if anybody tried it ,,please post yr experience with it

Regards ALL

achilles28 · Mar 25, 2007

Hey 4X,

Whats your trading style? And I presume it was winning

virgin · Mar 25, 2007

non-dealing desk is the SAME , search on ET

risktaker989 · Mar 26, 2007

Quote from 4X4Living:

yes i did but they transferred me on the manual execution (before the non dealing system)

so i closed the account and i'm planning now to refund my closed account with them to try the non dealing system

and if anybody tried it ,,please post yr experience with it

Regards ALL

no dealing desk platform is fine...it's the no holds barred market so if you're experienced with trading other markets then this will be more in line with what one would expect. overall, i still get better fills than what i would typically get trading equities/options especially around volatility.

since i typically hold my trades for several hours to days at a time there is no real advantage/disadvantage for the way i trade...so take this into consideration.

but depending on how you trade it will either be better or worse depending on what you need exactly for your approach.

achilles28 · Mar 26, 2007

Risktaker, how long have you been with FXCM?

walterjennings · Mar 26, 2007

Quote from virgin:

non-dealing desk is the SAME , search on ET

wrong. trust me. the quotes coming off the dealing desk go off market all the time.

howl · Mar 27, 2007

I have been there for 3 years, if you aren't news traders, it's ok whatever platform, I'm swing trader.

achilles28 · Mar 27, 2007

Hi Walter,

Care to share some of your history/experience with FXCM?

walterjennings · Mar 27, 2007

Quote from achilles28:

Hi Walter,

Care to share some of your history/experience with FXCM?

Long story short. I noticed that their dealing desk quotes kept drifting off market (possibly to shake out stops). I took advantage of it and they booted me to non dealing desk tout suite.

Here I was thinking I was providing them a service by fixing their quotes by forcing them back on market. I guess they wernt interested in offering accurate quotes. Oh well. There is no such thing as free money.

That being said I guess I did walk away from FXCM after a week with a profit. So to answer the OP, I did win with FXCM

For a short period of time.