FXCM is erasing high - May 23

you get the same bs than anyone else just different crap. I also think I have a pretty decent track record (I trade momentum only, no matter which asset class, no matter how lovely the "reversal siren" ...). That aside I ran an account with one of the bucket shop years ago, for precisely 3 weeks. My quotes were more and more delayed, execution was delayed or rejected due to re-quotes. It was as pathetic as it could get. I thought I did not mind because I traded longer time frames in that account with wider stops but I could not take that crap anymore. They even gave me a hard time to wire all the money back into my bank account.

Quote from Gcapman:

I have to agree with you on the trader account separation - good or sucks theory

That is why I think I don't experience many of the problems other traders post -- don't get me wrong. I am not saying that I am the world's best trader but I have a decent trading record....thus I get less of the BS IMO
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Quote from asiaprop:

by the way, FXCM saying they employ a pure NDD model is a blatant lie. They FIRST net off all the internal trades by clients, meaning if you buy 100k in EURUSD and another Joe sells 100k around the same time, do you think FXCM is farming out both trades to their liquidity providers? Heck they dont. I wanna bet they categorize winning and losing accounts in separate buckets and handle them "accordingly". Do you really think they could maintain their bloated organization if they only earned a fraction of the spread while the liquidity providers earn the remaining spread? Think again...
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No broker (cough, bucketshop) would say that they employ Dealing Desk.... there's even a broker that say their have ECN platform but it's actually a regular mt4 platform with regular spreads and no commission. What a joke.









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Quote from asiaprop:

by the way, FXCM saying they employ a pure NDD model is a blatant lie. They FIRST net off all the internal trades by clients, meaning if you buy 100k in EURUSD and another Joe sells 100k around the same time, do you think FXCM is farming out both trades to their liquidity providers? Heck they dont. I wanna bet they categorize winning and losing accounts in separate buckets and handle them "accordingly". Do you really think they could maintain their bloated organization if they only earned a fraction of the spread while the liquidity providers earn the remaining spread? Think again...
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Accounts at FXCM on NDD have every transaction offset individually back to back with a bank or financial institution. Micro accounts are some of the only forex accounts at FXCM currently going through FXCM's dealing desk, and in a matter of weeks, all micro accounts will be NDD. Any regulated broker in the US is required to list in their trading agreement how they offset transactions (DD vs. NDD) so you check on each broker.
 
sure, are you brokers also required to lay out in detail what kind of kickbacks you get from your liquidity providers and in what amount? Because it really does not matter whether the funny games are played at your desk or whether you let someone else play games who lets you have a share of the pie.

Quote from Jason Rogers:

Accounts at FXCM on NDD have every transaction offset individually back to back with a bank or financial institution. Micro accounts are some of the only forex accounts at FXCM currently going through FXCM's dealing desk, and in a matter of weeks, all micro accounts will be NDD. Any regulated broker in the US is required to list in their trading agreement how they offset transactions (DD vs. NDD) so you check on each broker.
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