One week? 
Anyone Winning with FXCM??
- Thread starter achilles28
- Start date
Quote from achilles28:
One week?
About 3-4 days of making money off their laggy / spiky dealing desk feed, I received and email stating they were 'upgrading my account'.
I closed my account with them and never tried their no dealing desk feed because I was annoyed at the time. They culled my golden goose.
Quote from 4X4Living:
As FXCM says unethical trader
2 pips scalper
Hah. I hate when 'brokers' talk about unethical trading (except trading on prior knowledge). If you and someone agree on a price and exchange something. There is nothing unethical about it. Iv heard arguments that it prevents them from being good market makers (complete bs).
Is that all FXCM is good for? Arbing against?
Quote from achilles28:
Is that all FXCM is good for? Arbing against?
Pretty much. They have a lot of clients so you might gain access to some liquidity that you wouldn't through other brokers. But then again if they put you on no dealing desk you dont have access to it, which makes it pointless. They have a nice GUI too, other than that, good for nothing.
Im curious how much money I could make arbing them if I were to create a new account and trade 500k lots. I made 350pips in about 4 days before. Thats roughly 17500$USD in 4 days at 500k lots. Something tells me they would catch on a bit faster if I were trading lots that size.
Man their dealing desk is busted, I can only imagine how much money they must be making off it for them to want to keep it so busted.Which raises a good point. Is fxcms NDD just order matching between retail clients or with banks?
i imagine the former.
i imagine the former.
from what i saw it was from banks... with a 3 pip spread..
Can you arb off different interbank feeds without getting the boot?
there is no arb on the interbank feeds since they reflect the fair value. from what iv seen. its possible that the system is designed so arbs dont exist. or its also possible that institutional clients keep it in check far quicker than a retailer trader could.