Fxcm Forex Managed Account Forum

Forex Trading FXCM A Leading Forex Broker What is Forex Forex is the market where all the worlds currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding 5.3 trillion. There is no central exchange as it trades over the counter. Forex trading allows you to buy and sell currencies, similar to stock trading except you can do it 24 hours a day, five days a week, you have access to margin trading, and you gain exposure to international markets. FXCM is a leading forex brokerage . Fair and Transparent Execution Since 1999, FXCM has set out to create the best online forex trading experience in the market. We pioneered the No Dealing Desk forex execution model, providing competitive, transparent execution for our traders. Award-Winning Customer Service With top-tier trading education and powerful tools, we guide thousands of traders through the foreign exchange market, with 24/7 customer service. Discover the FXCM advantage . Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from July 1, 2016 to Sept 30, 2016. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information. Live Spreads Widget: Dynamic live spreads are the best available prices from FXCMs No Dealing Desk execution. When static spreads are displayed, the figures are time-weighted averages derived from tradable prices at FXCM from 1 July 2016 to 30 September 2016. Spreads shown are available on Standard and Active Trader commission-based accounts. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information. Mini Accounts: Mini accounts offer 21 currency pairs and default to Dealing Desk execution where price arbitrage strategies are prohibited. FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. Mini accounts utilizing prohibited strategies or with equity surpassing 20,000 CCY may be switched to No Dealing Desk execution. See Execution Risks . Customer Service Download Launch Software Popular Platforms About FXCM Forex Accounts More Resources Follow Us High Risk Investment Warning: Trading foreign exchange and/or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade the products offered by FXCM you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. FXCM provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. FXCM recommends you seek advice from a separate financial advisor. Please click here to read full risk warning. FXCM is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. NFA 0308179 Forex Capital Markets, LLC (FXCM LLC) is an operating subsidiary within the FXCM group of companies (collectively, the FXCM Group). All references on this site to FXCM refer to the FXCM Group. Please note the information on this website is intended for retail customers only, and certain representations herein may not be applicable to Eligible Contract Participants (i. e. institutional clients) as defined in the Commodity Exchange Act sect1(a)(12). Copyright copy 2016 Forex Capital Markets. All rights reserved. 55 Water St. 50th Floor, New York, NY 10041 USAforex managed accounts consulting brokers Brokers IC MARKETS IC MARKETS is one of the worlds only pure ECN forex brokers providing trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets offers its clients cutting edge trading platforms, low latency connectivity and superior liquidity. IC Markets is revolutionizing on-line forex trading, on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals. Regulated by Australian Authorities ASIC (AFSL No. 335692) PEPPERSTONE PEPPERSTONE assists retail and institutional investors in using forex and other instruments as an asset class and part of their investment objectives. They strive to offer the best trading platforms with access to low-cost pricing, reliable trading infrastructure, fast execution and exceptional client support. Pepperstone offers direct access to multiple destinations of liquidity in the forex markets without the usual burdens of a deal desk that had previously been unavailable to the retail investor. They are offering to Money Managers the better trading service, lower spreads and faster execution, Pepperstone holds an Australian Financial Services License issued and regulated by the Australian Securities and Investment Commission (ASIC). Pepperstone maintains client accounts segregated with Australian banks. Pepperstone uses Australian financial institutions including the National Australia Bank. DIRECTFX DIRECTFX is founded in 2006 Direct FX Trading Pty Ltd is one of the worlds leading foreign exchange firms, with subsidiaries and offices that conduct business worldwide. DIRECT FX is an Australian owned financial services company that is regulated and licensed by the Australian Securities and Investment Commission (ASIC) ACN 120 189 424. The companys Australian Financial Services License (AFSL) number is 305539. ASIC requires licensed financial services providers to meet strict capital requirements and to implement strict internal procedures including risk management, staff training, accounting and audits. Client funds held in segregated trust accounts with the Commonwealth Bank of Australia, CBA. AFS License only authorizes the licensee (Direct FX Trading PTY LTD) to carry on a financial services business in Australia, limited to providing the financial services covered by the license. Segregated Client Funds: All client funds are held at fully segregated client trust accounts held at CBA. Client funds are kept separate from the DIRECT FX Pty Ltds company funds and will not be used to pay back creditors in the event of DIRECT FX Trading Pty Ltds insolvency. CRESCOFX CAPITAL MARKETS LTD CrescoFx has the FCA REGULATION (UK): License 627628. Their aim is to develop a close working relationship that will last into the long-term with steady money managers and their clients. All their trades go direct to market or STP (Straight-Through Processing), so there is no market making or dealing desk and low spreads. Cresco Capital Markets has also another European regulation: MALTA REGULATION with egistration C60473. License (IS60473). TIER1FX TIER1FX was created by a team of Forex experts, committed to promoting a high standard of industry services. Based on their deep knowledge and expertise, they believe the widespread demand for greater transparency, flexibility and reliability makes the Tier1FX unique agency model the real solution that meets traders needs. They focus on delivering superior retail and institutional services while continuously improving their clients experience with the latest trading technology tools, tailored solutions for traders at all levels, the most competitive conditions and dedicated personalized support SFX MARKETS SFX MARKET Founded in 2011 by financial experts with over 100 years of combined experience, SFX Markets aimed to provide unique and innovative financial services to retail and institutional traders around the world. Regulated by FSA: 22382IBC2014. Nowadays, their award-winning company has thousands of traders, hundreds of affiliates and white-label partners, and over 20 million in client deposits. They have 6 factors of security: 1-SEGREGATION OF CLIENT FUNDS, 2-RELIABLE LIQUIDITY PROVIDERS, 3-STP ORDERS PROCESSING, 4-ACCOUNT LOSS LIMIT, 5-STRICT IDENTITY VERIFICATION AND 6-NO CONFLICT OF INTEREST (STP). DISCLAIMER Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. FXMAC is a trademark of the company The Best Secure Trading Consulting, Corp. registered by FSA with number 20558IBC2012. in accordance with the International Business Companies (Amendment and Consolidation) Act. The objects of The Best Secure Trading Consulting, Corp. are to provide trading and managed account services in currencies, commodities, indexes, CFDs and leverage financial instruments. The Financial Services Authority (FSA) of SVG certifies that The Best Secure Trading Consulting, Corp is in compliance with the requirements of the International Business Companies (Amendment and Consolidation) Act and in good standing with the Authority. This information does not constitute, and may not be used for the purpose of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. Prospective investors should not construe the contents of this information as legal, tax or financial advice. FXMAC does not provide services for residents in jurisdictions in which such service delivery is not authorized. FXMAC is not authorised or registered in UK by the Prudential Regulation Authority (PRA) and/or the FCA, or is neither exempt. Our commercial office in UK is applicable only for non UK residents meeting the criteria for becoming eligible clients. Copyright 2015 Fxmac, All rights reserved. Recomended Ecn Brokers:FXCM Managed Accounts - Over 1,000 New Accounts. did anyone get this email recently Dear Trader: In the last three months, clients have opened over a 1,000 managed accounts with FXCM. FXCM now offers two managed forex funds developed by our own analysts and traders: The FXCM Sentiment Fund and the FXCM Aggressive Sentiment Fund . The recent performance of these two funds has been exceptional in difficult market conditions. View Report Sentiment Fund . 31.30 Year to Date (January - October 2007) Sentiment Aggressive Fund . 52.21 Since Inception (July - October 2007) any opinions on this Joined May 2006 Status: Trade Towards the 5 ema 2,883 Posts As you can see above, I received infractions for my opinions. so i will be carefull. I am not trying to sway anyone any which way or not. but by experience, I must say that I feel FXCM uses elaborate ways of getting your money into their pockets. this is especially true for those new to forex who start with 300 accounts. when minimum trade with FXCM is 1 per pip. those unsuspecting newbies lose their money in a flash. I have been there and done that. But I think that is something they should be ashamed of. just rubs me the wrong way. FXCM is well documented even here in these forums. I for one, was almost knocked out of forex because of them. I hung on to learn at least how to not be in the 95 club yet. many just lost their money and moved on. As for managed accounts, by a broker. Just seems to me a contradiction of terms. a broker wants money in their own pockets, not yours. and with what I call a shady record in everything else they do, I would be suspicious. OK, I hope this does not earn me more infractions. I am concerned for those who have not been around long enough, and will get kicked in the pants. I was one of those people. and I did not find anyone looking out for me. It is a subject close to heart. Membership Revoked Joined Mar 2005 4,705 Posts speak your mind tiki trader. sometime i think ff is paid slaves to the industry. If I Go Broke Trying Then I Will die happy. Joined Apr 2007 Status: Member 395 Posts Tiki, I have to agree with what you say. That being said, This may be the only way for new traders to make money with FXCM. However, the obliquity theyve shown in the past would probably rule against this. Have a great day, Bob Joined Jun 2007 Status: Member 54 Posts Think what you want about trading your own account with FXCM but putting money in a managed account is a different story. I have been able to withdraw funds whenever I have needed to and this fund has been far more profitable than most of my other investments. On top of this they are now listed und Barclays - who have a strong reputation and require strict reporting. I doubt that they would have made it this far if this were some sort of scam. Check it out for yourself. You have to register but it is free: barclayhedge/cgi-bin. drnocookieI suggest making an informed opinion up for yourself and not just listening to people who get posting infractions. Joined Apr 2007 Status: Member 395 Posts jamesa, I have no way of knowing why Tiki Trader received the posting infractions. I do believe he has a reason for his opinion about FXCM. Ive never traded with them but Ive known quite a few who have and the reports are not good. I do believe that in the beginning they will do everything in their power to keep this new product quotsqueakyquot clean its in their best interest. I will keep my opinion open, as you suggest, and hope for the best. Just remember, if you smell manure, be careful where you step. I hope you continue doing well, Bob Joined Sep 2006 Status: Member 995 Posts yeah, They love newbies with their 300 mini accounts. I mean they should at least give the option of micro accounts if they take 300 deposits. Mini accounts need at least a few thousand, preferably more usually Joined Oct 2006 Status: Member 100 Posts Their success in the managed fund may come from just that. for those that have lost money with them see an opportunity to invest rather then get out completely. Although I doubt that this would be any different from any other broker that offered the same. To be one with the market, you must first be one with yourself. Joined May 2006 Status: Trade Towards the 5 ema 2,883 Posts Its OK about the infraction. probably what I get for just spouting off. It has been a while since I have been around FXCM. I stay as far away as I can. I am concerned about new guys starting with FXCM thinking they are getting into forex. their hard earned 300 is a lot of money to some. the originator of this thread has less than 6 months or so here in forex factory. which makes me think he might be a newbie. there are other places to trade where you can trade a hundreth of a cent against a 100 account if you like. that way you can use proper money management trading. But still, I cannot ever think it to be logical to let a retail forex broker manage my money. FXCM is a business. their first priority is getting your money into their pocket. YES. do your own research and come up with your own opinion. but check carefully about FXCM. jamesa, I have no way of knowing why Tiki Trader received the posting infractions. I do believe he has a reason for his opinion about FXCM. Ive never traded with them but Ive known quite a few who have and the reports are not good. I do believe that in the beginning they will do everything in their power to keep this new product quotsqueakyquot clean its in their best interest. I will keep my opinion open, as you suggest, and hope for the best. Just remember, if you smell manure, be careful where you step. I hope you continue doing well, Bob Joined Apr 2006 Status: N2PIPN 551 Posts I agree with you Tiki, I have had numerous negative experiences with FXCM in the past and have friends with worse horror stories than I. In my old trading group, we actually started and experiment and traded the calls they would put out oppositely. We would trade down to their stop, then reverse direction. The account was very profitable. It simply isnt in FXCMs best interest to call profitable trades to their clients, when they gain so much from calling negative ones to X number of thousands. It is in their best interest to grow a managed account, however I will not support them with my business. The basis of a democratic state is liberty. Joined May 2006 Status: Trade Towards the 5 ema 2,883 Posts I agree with you Tiki, I have had numerous negative experiences with FXCM in the past and have friends with worse horror stories than I. In my old trading group, we actually started and experiment and traded the calls they would put out oppositely. We would trade down to their stop, then reverse direction. The account was very profitable. It simply isnt in FXCMs best interest to call profitable trades to their clients, when they gain so much from calling negative ones to X number of thousands. It is in their best interest to grow a managed account, however I will not support them with my business. Yes i am a newbie, just posted that to see what people are saying. I have been reading this board and others for quite some time and know a lot about fxcms questionable reputation. I was thinking maybe they came up with something half descent this time. Its OK about the infraction. probably what I get for just spouting off. It has been a while since I have been around FXCM. I stay as far away as I can. I am concerned about new guys starting with FXCM thinking they are getting into forex. their hard earned 300 is a lot of money to some. the originator of this thread has less than 6 months or so here in forex factory. which makes me think he might be a newbie. there are other places to trade where you can trade a hundreth of a cent against a 100 account if you like. that way you can use proper money management trading. But still, I cannot ever think it to be logical to let a retail forex broker manage my money. FXCM is a business. their first priority is getting your money into their pocket. YES. do your own research and come up with your own opinion. but check carefully about FXCM. Joined May 2007 Status: Member 27 Posts The only thing i dont understand and I guess i dont understand this in general is: Why do people trade with 300. Its naive even on micro accounts to trade that money because seriously you still dont get a great feel for the market and personally I dont think your emotions are a big factor for only 300 when you lose it .10 at a time. So maybe people should just demo trade a bit longer and learn their lessons beforehand as much as possible. Had you demo traded with only 300 Im sure you would have seen that you didnt have a chance, but blaming a company for your mistake is a bit foolish I think.. Now as far as FXCM is concerned. Sure 300 in a mini is a more than foolish but they have their minimums. Whatever. Business is business and other brokers offer 300 minis as well so again why not complain against the other brokers as well. Now personally I trade with FXCM and Oanda. Who do I like better Im not sure to be honest. Oanda has some better pairs, but there whole 24 hour interest thing is annoying personally as I scalp but hey thats their thing. From what it sounds like you maybe got burned when they were a dealing desk but I moved over after that and cant complain because now they have the no dealing model. Also from what I know from my friend those managed funds returns are real though read over the fees as I hear they charge like a hedge fund and some people dont agree with this. So basically they take an equity cut of 2 and then 20 of net new profits. So based on that it seems FXCM would have to make you money to really earn anything (or am I missing something there) Also Id like to see how much they risk / leverage level to see if its something Id be interested in. But anyway I thought I would share my two cents. Like I said before though. I think its much more up to traders and whenever I come on this forum it seems more people just find another reason to bash a broker instead of coming to the real issue. You didnt understand the market, didnt know what you were doing and YOU lost. Why not learn how to trade first on a demo account and then put in real funds (not 300) and give it a shot. Joined May 2006 Status: Trade Towards the 5 ema 2,883 Posts People trade with 300 because they dont know yet that at 1 per pip, they cannot trade like that. and a lot of the fault for that goes to FXCM. and also just because a new person has not found it out yet. BECAUSE THEY ARE NEW. I saved hard to get my first 300. I thought it was enough to learn with. I was wrong, but I had to lose that money to find that out. If you do not have problems with FXCM, with their service, with their platform always freezing up, or their messages not letting you place your trade exactly when you want, or a myriad of other problems. you are one of the very few. Look around. there are very very few people who have something good to say about FXCM. there is a reason for that. On the other hand, oanda my not have the greatest platform or charts etc. but you what. they let you trade and dont try to get your money from you. if you lose it, its going to be your own fault. do you ever hear other complaints about oanda. NO. Again. I would say be very careful with FXCM. just look at the reviews. they speak for themselves. The only thing i dont understand and I guess i dont understand this in general is: Why do people trade with 300. Its naive even on micro accounts to trade that money because seriously you still dont get a great feel for the market and personally I dont think your emotions are a big factor for only 300 when you lose it .10 at a time. So maybe people should just demo trade a bit longer and learn their lessons beforehand as much as possible. Had you demo traded with only 300 Im sure you would have seen that you didnt have a chance, but blaming a company for your mistake is a bit foolish I think.. Now as far as FXCM is concerned. Sure 300 in a mini is a more than foolish but they have their minimums. Whatever. Business is business and other brokers offer 300 minis as well so again why not complain against the other brokers as well. Now personally I trade with FXCM and Oanda. Who do I like better Im not sure to be honest. Oanda has some better pairs, but there whole 24 hour interest thing is annoying personally as I scalp but hey thats their thing. From what it sounds like you maybe got burned when they were a dealing desk but I moved over after that and cant complain because now they have the no dealing model. Also from what I know from my friend those managed funds returns are real though read over the fees as I hear they charge like a hedge fund and some people dont agree with this. So basically they take an equity cut of 2 and then 20 of net new profits. So based on that it seems FXCM would have to make you money to really earn anything (or am I missing something there) Also Id like to see how much they risk / leverage level to see if its something Id be interested in. But anyway I thought I would share my two cents. Like I said before though. I think its much more up to traders and whenever I come on this forum it seems more people just find another reason to bash a broker instead of coming to the real issue. You didnt understand the market, didnt know what you were doing and YOU lost. Why not learn how to trade first on a demo account and then put in real funds (not 300) and give it a shot. Joined May 2007 Status: Member 27 Posts Ok seriously what you said is the funniest thing I have ever heard. Since you didnt take any courses or learn enough about the market you are blaming FXCM quot People trade with 300 because they dont know yet that at 1 per pip, they cannot trade like that. and a lot of the fault for that goes to FXCM. quot Who doesnt try out a demo and realize that its only 250 points you need before you lose basically everything. If you demo traded for 5 minutes you would realize that so I dont see any issues there. From what it sounds Tiki, you didnt do you homework and just like blaming the firm for your initial noobie mistakes. You also say that you saved for a while to get the 300 to trade, what confuses me most is why werent you learning about the market at the same time as you were saving. Now Im not trying to say im some great trader, I just have a realistic idea of the markets and my expectations but seriously I dont think anywhere, even with micro lots it makes any sense to trade with 300.. As for FXCM I have read the reviews time and time again, but I dont feel that anyone says much about the changes they have made. All sounds like it was back when they used a Dealing desk model and had fixed spreads but I havent heard much since from most people and personally dont have any complaints.. Overall all I am saying is that micro lot or mini lots, coming into a financial market with 300 is downright foollish. Buy a course with that 300 and demo trade and learn how to trade. Joined Jun 2007 Status: Member 54 Posts FriendofTrends - you are 100 correct. As with any other investment vehicle it is your responsibility to look into the details. Unless of course you are a moron, as many people are, and then you dont do your own due diligence and then blame someone else. Plus, if I read the FXCM site correctly they have well over 90,000 accounts - you really think that a few hundred losers on some forums constitute a valid opinion Generally good traders, will not have the time to be posting on forums because they are too busy trading. I myself am not the best trader but I certainly dont blame any of the 2 brokers I trade with. On top of this Tiki - you said you traded with FXCM some time ago they have made many changes over the past year so I really dont think you opinion has any merit. I have a lot of friends who trade with them currently and they all keep praising the firm. If FXCM truly were as bad as you claim it is, they would not have any accounts and would have gone bankrupt by now. haha and as for Oanda - you definitely do read many many complaints about them also. I think you might be biased, perhaps you posting infractions have to do with your IP address coming from a very similar building as Oandas Members must have at least 0 vouchers to post in this thread. 0 traders viewing now Forex Factoryreg is a registered trademark. Connect About Products Website