FXCM Limit Orders

Quote from Jason Rogers:

For accounts on No Dealing Desk execution, FXCM is not making the market. Each trade is being offset individually with the bank. There is a limited amount of liquidity at each price being offered by the banks. If the number of orders exceeds what is available, the unfilled orders will either be filled at the next best available price or cancelled depending on the order type.

FXCM Micro trades are being executed through FXCM's dealing desk; however, the price feed is derived from prices on the NDD feed so the fills can be similar.

Execution for micro accounts is changing in the upcoming months as well. FXCM Micro is preparing to upgrade micro execution to No Dealing Desk execution. This change should take place within the next couple of months.
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I seriously doubt that this is a liquidity issue.....I have fooled around with 1K lots to see if this problem persists.....I did about 30 sequential random short-cover and buy-sell trades -- and guess what? almost every single trade hung for sometime

This is my only grip with FXCM

I'm not concerned with anything else since I have a method for guaranteeing that I am not being screwed on whether the quoted prices are kosher.....

Oh well.......I guess I have to put up with it since I really like the trading platform
 
LMAO

I tried changing my orders to Market Range = 0

And guess what?

I couldn't even get 1K orders filled for quite sometime several times on the Euro ! !

Absolute confirmation that the trading system is rigged!

I did not have this problem prior to my win streak....

Beware! I am going to switch to Dukascopy....I'm through with all this bullshit !!!
 
Quote from Jason Rogers:

Hi Gcapman,

Whether your trade is profitable or not does not affect the execution of a trade.

If you have the market order setup as an At Best order, it will go through at the best price available, even if the best price is 1/10th a pip away from what you clicked on.

If you change the order type to "Market Range" and set the range to 0, the order will be cancelled since liquidity is no longer available at that price. BUT keep in mind the trade will still be open.

Jason
FXCM
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Changed my settings according to your instructions but it still occasionally gets me for 0.1 pip difference against me.

It is not a huge loss but it is the principle of the whole thing.....
 
Quote from Jason Rogers:

For accounts on No Dealing Desk execution, FXCM is not making the market. Each trade is being offset individually with the bank. There is a limited amount of liquidity at each price being offered by the banks. If the number of orders exceeds what is available, the unfilled orders will either be filled at the next best available price or cancelled depending on the order type.

FXCM Micro trades are being executed through FXCM's dealing desk; however, the price feed is derived from prices on the NDD feed so the fills can be similar.

Execution for micro accounts is changing in the upcoming months as well. FXCM Micro is preparing to upgrade micro execution to No Dealing Desk execution. This change should take place within the next couple of months.
More...


If this change does not involve a new trader agreement specifically outlining such - then I would think that the CFTC would be real interested in investigating false advertising claims......
 
Quote from Gcapman:

If this change does not involve a new trader agreement specifically outlining such - then I would think that the CFTC would be real interested in investigating false advertising claims......
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Hi Gcapman,

If you have questions regarding the terms and conditions agreed to when opening the micro account, please contact the compliance team and they will be able to help with any questions.

-Jason
 
Quote from Jason Rogers:

Hi Gcapman,

If you have questions regarding the terms and conditions agreed to when opening the micro account, please contact the compliance team and they will be able to help with any questions.

-Jason
More...


From the FXCM website:


FXCM Micro is currently preparing to upgrade to No Dealing Desk execution on forex transactions. Learn more
* Prices and trade fills are automated. FXCM may or may not offset individual transactions



Offsetting individual transactions = Desk Dealing.........

Who is FXCM trying to fool ?
 
Quote from Gcapman:

From the FXCM website:


FXCM Micro is currently preparing to upgrade to No Dealing Desk execution on forex transactions. Learn more
* Prices and trade fills are automated. FXCM may or may not offset individual transactions



Offsetting individual transactions = Desk Dealing.........

Who is FXCM trying to fool ?
More...

Hi Gcapman,

Seeing that micro execution is completely disclosed on our website as currently being executed through the FXCM dealing desk, I would say no one. Once micro goes NDD, FXCM will no longer be making a market for micro lots. The transition is not yet complete which is why the website still lists micro execution as going through the dealing desk.

FXCM Micro from day one of its launch has explained on the mission statement page that micro trades are offset through FXCM's dealing desk. Our original intention was to provide NDD execution for micro accounts; however, only 2 banks out of 10 would accept NDD execution via NDD when we first launched.

That has now changed and we will be moving all micro lot trading to NDD execution in the near future as explained through the micro website http://www.forexmicrolot.com/ltd-spreads.jsp . On NDD, each trade will be executed back to back with a bank or financial institution.

Jason
FXCM
 
I love how FXCM just doubled my spread without even an explanation as to why this happened......

FUCK FXCM !!!!

Switch your accounts to Dukascopy -- They just lowered their minimum account to $1,000
 
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