Actually no, FXCM have this gay sneaky thing that they do.

for example, if u long Euro @ 3890, but the market slip you to 3893, FXCM will give you 3893. But on the same case if you long @ 3890, the market slipped you down to better position 3887. FXCM will still give you 3890. IMO, this is GAY. The same thing they will be doing this when you close your position. They will never give u better "slippage"

and having extra 1pip spread over others might not be much money, but if you are trading 11USD per pips, thats paying RM33 extra each time you open position and then close position for another RM33. and I dont feels like paying extra RM66 for each position I opened/closed.

And in terms of execution FXCM is not as fast as other broker. Try matching this with Oanda. The major problem with Oanda is they have huge spread during news, just disconnect you during news. Other than that it is pretty same with other broker.

This post has been edited by billytong: Oct 18 2010, 11:57 AM

This remind me to FXDD, another gay broker. Not only got above issue, on top of it they closed my position even though there are still 6pips away from my SL level. My trading friend also encounter the same issue but his even worse, they didn't close the position when the price hit the TP level, and let the price move against him.

I want to purchase monitor like this or the stand. Any ideas anyone?>?

http://www.tradingcomputers.com/TCarrays.html

[quote=nemoexcel,Oct 18 2010, 06:46 AM]
FXopen is quite popular in Msia... however, their deposit/withdrawal option sucks. With moneybookers, alertpay, webmoney, LR .. etc etc.. NOT even the popular paypal ...

which platform do u recommend with good deposit/withdrawal option?

guys really need you help ....

Assuming EUR/USD pair

having leverage 1:400

trading size = 0.01

how much is 1pips in USD.

My calculation tells me it is $0.10

Please tell me this is correct or wrong.

is most broker allow size 0.01 ?

This post has been edited by tyj82: Oct 18 2010, 07:37 PM

[quote=Eelinkim,Oct 18 2010, 07:10 PM]
[quote=nemoexcel,Oct 18 2010, 06:46 AM]
FXopen is quite popular in Msia... however, their deposit/withdrawal option sucks. With moneybookers, alertpay, webmoney, LR .. etc etc.. NOT even the popular paypal ...

which platform do u recommend with good deposit/withdrawal option?

[/quote]

FXCM : u can fund yr account directly with credit/debit card. Not load yr 3rd party provider (alertpay, LR, paypal, etc etc), .. Other benefits refer to previous pages, or visit their website.. Www.fxcm.co.uk

sounds just like what instaforex is doing. isn't this a normal thing with all broker? or is there a broker that doesn't do that?

Standard account or mini account?

---

Added on October 18, 2010, 9:21 pmDo you really need this?

This post has been edited by bulkbiz: Oct 18 2010, 09:21 PM

last time my broker never did this. infact, it stops d place i wan it to b...

mini..

what about micro ?

Then how do u explain me gettting that extra 2.1pips and 2pips in those few transactions? Look at my report....


while trading with FXCM, my market execution is being filled almost instantly from the moment i press sell/buy .... if delayed, also 1 second the most... the price quoted is the same as shown on my screen...

what sneaky thing?

I do mostly limit/stop orders.

My limit/stop/tp/sl with Insta are all executed at exact price. But at market price order.. sometimes I get requote but that is normal during fast market .. As far as I remember .. I did get slippage around 7 pips only once, and that is normal. I have executed almost 1000 of orders though ...

There's a difference of motives behind slippages that happens once a while and slippage that "happen" too frequently.

If your broker is too "efficient" that they can execute market orders exactly at price you see even in fast market, there's a chance that the price that they give is not even a real price. For example ... you may sell @ 1.5800 when actually the price is 1.5810 (any broker would be happy to buy from you at lower price hence the illusion of fast market order execution during fast market LOL ).

Your report doesnt show where u Set SL. As far as I experienced (At least for last year, may be FXCM had change this year I dont know) the slippage only apply when it is in favor of the broker, read what Luqmanz said. I am ok with slippage as long as they are both sided. But the experience I had in FXCM is one sided & it happened far more frequent than I can accept. Combined with the extra pip spread they charge. It is time to move on.

As far as I know broker FXCM has the easiest platform. I like their platform, and it is less laggy than Oanda. The biggest reason I move to Oanda is 1st. The Spread, 2nd Execution speed. Just the spread alone is enough reason for me to change. Paying extra RM66 for each position I opened/closed is unacceptable. Every 10+ trades = 1 graphic card gone. While I did not claim FXCM is slow on execution speed, they are decent as well but not as quick as Oanda.

The only trouble Oanda has is the Spread during news and sometimes rarely random disconnect during news. The most recent one being @ last Friday, during Euro @ 4130-4160. IMO if you are not trading during news(which I am not), Oanda is the decent broker.

Read across the forum in forexfactory. See others comment about FXCM and try ask who is faster in terms of executions. Oanda or FXCM. If you ask me even ibfx is better overall than FXCM.

This post has been edited by billytong: Oct 19 2010, 09:52 AM

Brokers are all shark

guys really need you help ....

Assuming EUR/USD pair

having leverage 1:400

trading size = 0.01

how much is 1pips in USD.

My calculation tells me it is $0.10

Please tell me this is correct or wrong.

is most broker allow size 0.01 ?

any idea if this is corect on mini account

what is different for micro account ?

I need to get this right before starting real account.

Demo account you can set anything and they just allow it.

1)For mini account, 1 lot=usd10,000 position size=usd1 per pip,
since you are trading 0.01 lot=usd100 position size=usd0.01 per pip
(http://www.forex4noobs.com/forex-tools/calculators/pip-value-calculator.php)

In order to get usd0.10 per pip, you should trade 0.1lot instead of 0.01.

2)Depends on your broker, some broker don't support micro account. Please check with your broker whether they support micro account.

3)Micro account allows you to trade as low as usd0.01 per pip.


Others please correct me if I am wrong, thanks.

This post has been edited by bulkbiz: Oct 19 2010, 11:27 AM

Thanksyou very much. I going with IBFX mini account.

hi.. i am new..

Want to open and now narrowdown between Oanda, Dukascopy or IBFX.??

Any one you particularlly like?.. and for what reasons?.. pls share with us..

Both also great brokers. If you want more leverage like 400:1, then go for IBFX.