FXCM Manipulating its Core Pricing?

safvan

Established member
515 34
Even when you add the DCFX commission, FXCM is still a couple hundred percent higher on spreads - period. So, that does not answer the question, about why FXCM spread are so far beyond what they have been claiming for years, as being some of the lowest spreads in the industry.




10+ liquidity partners that FXCM refuses to name? Why is that? Why won't FXCM name its liquidity providers?

Other Retail FX Brokers name their liquidity providers and are in fact, very proud of their relationships with these liquidity providers:

Liquidity Partners for DCFX






Disclose the liquidity partners that take the other side of FXCM Customer trades? Who provides the liquidity to the FXCM platform? If other FX Retail Brokers can disclose this information, then why can't FXCM?





A leader in what? Leading Newbies over a cliff?

You are a publicly trading company right now, but you behave like an unethical Bucket Shop. Is that how "leaders" in this industry are modeled?

Do you know what happens with Publicly traded companies that mishandle their Customers, or that cause injury to their Customers? Can you spell Public Law Suit? Can you spell Stock Price Drops Like a Rock?

What happens to a Publicly traded company that gets fast a loose with their Customers - in ANY way, shape, or form? Can you spell 60 Minutes? Can you spell 20/20? Can you spell CNN Expose with Anderson Cooper?

Do you have any idea just how close FXCM is to that reality RIGHT NOW? This very minute?





The ONLY difference between PFG and FXCM, is that PFG was older and PFG got caught one too many times. That's happening right now with FXCM, and you don't even know it.

Things are NOT as they appear to be right now, Jason.




Experienced Traders don't trade in production mode with FXCM, Jason. The Newbie, or the un-schooled FX Retail Trader needs to understand this salient point, Jason.

You claim that FXCM does not take positions against its customers. Ok, then why not list ALL of the FXCM liquidity providers right here inside this thread, Jason? This way, people will KNOW who is taking the other side of their trade.




Compensated BY WHOM, Jason? That's the question. Who is compensating you? And, if FXCM is already being compensated by this unknown source, why manipulate the spreads? If you are adding to the spread, and you are being compensated, are you not double-dipping?

You just admitted that you are receiving a Commission - you claim that your spreads are the way they are because OTHER brokers are charging a commission and "fixing" their spreads. Which one is it, Jason? You cannot have it both ways. You just spoke out of both sides of your mouth.

One the one hand you are being compensated. On the other hand, you are padding the spreads?




You keep talking through both sides of your mouth. Above, you touted FXCM's spreads as being fair because there were NO commissions. You insinuated that when other brokers charge a commission, it is because they "fix" their spreads. I'm not making this stuff up! These are your statements, Jason.

Now, you tout the FXCM Active Trader platform and post a pic showing lower spreads WITH A COMMISSION??? What kind of sense does that make?

Your commissions are $0.50 greater than DCFX and your spreads are STILL hundreds of percent HIGHER than DCFX, even WITH the Active Trader platform. So, what real advantage does the FXCM Customer receive again? None. Zero. Nada. Nachos. Zip.

That's the double-talk, non-sequitur gibberish you always get from FXCM on the issue of Spreads and Core Price Manipulation.






I did not post the video because it was back in 2010. I posted all of these videos because they RANGE from 2009 through 2012! It shows a HISTORY of deception and a total lack of integrity on the part of FXCM. I posted these videos because it shows that across a range of years, FXCM is STILL untrustworthy after all this time.

I posted these videos so that the individual new to Retail Forex, can see a Bucket Shop for what it is - a cold Bucket Shop - period. I did not post just one video.

Here's another video showing the exact same kind of Spread jacking on the part of FXCM. This time, the comparator broker is different:

EXNESS vs FXCM - YouTube

Care to explain that, Jason? Or, will it be the same old non-sequitur retort - that FXCM has a relationship with 10+ blah, blah, blah? The comparator broker may not be worth its weight in salt, but this is a consistent theme with FXCM when it comes to their spreads, yet you keep telling us that you have no "Dealing Desk."




A misconception? Are you telling me that I don't understand your business model? FXCM uses an pricing engine algorithm that modifies the pricing coming from its private proprietary liquidity pool and then forwards those modified prices on to the customer's desktop via whatever FXCM trading platform they have selected, based on the type of account they have. Those prices ARE NOT Interbank prices. They have been padded to include a built-in profit for FXCM.

So, by definition - if you are not delivering to the customer TRUE Interbank pricing, then you absolutely MUST have a Dealing Desk, Jason. How can you be this clueless about how your own business model works! It does not matter of your Dealing Desk is not "staffed" with boiler room types sitting by the telephone. In fact, that's old school, Jason. Your "Dealing Desk" is an Electronic Dealing Desk. Yet, you think that somehow, nobody understands this going on behind the scenes at FXCM.

Who do you think I am, Jason? Do you think I'm that guy that Atticus keeps raving about? Wrong. I'm somebody that knows something about the technology you use. I know you use an Oracle Database, Jason.

Now, you tell me HOW is it possible that I know FXCM uses an Oracle db on its back-end? Can you figure that one out, Jason? By the time you figure out how I know this, FXCM will already be in court - defending itself from a Liability Lawsuit.

I was working for Oracle, long before you came to FXCM, Jason. (surprise!) More to the point, I'm one of those that got sent all over the world for Oracle, setting up "back-end" RDBMS solutions for all kinds of companies and industries, including MANY on Wall Street, Jason.

So, is there anything else you want to tell me about your "Back-End?" Do you know who implemented your "Back-End," Jason. Do you know HOW I know that when customers called the DBFX Client Services Toll Free Number, that they actually got an FXCM Representative on the phone, Jason?

Just one more thing you do not know about WHO I am, Jason. I can tell you what your offices look like from the inside out, Jason. I can tell you what your IT room looks like, Jason. I can tell you the color of the door as you walk into it, Jason. I can tell you all that information, Jason.

Keep typing, Jason. Keep right on typing, my dear friend.

I can see FXCM Oracle Tables that you don't even know exist, Jason.

THAT is who I am, Jason.

Now, do you want to answer the questions that I've put to you here, Jason?


Yawning 3.0 - YouTube
 

TraderNumber7

Well-known member
376 45
I tried FXCM a couple of years back, loved their platform but hated their spreads and their pricing - it took me about 4 hours to work out they weren't for me and moved on, why are you wasting your life hating them.

Those that are using FXCM are either happy with it or stupid - I really wouldn't waste your energy trying to convince people how bad they are - let them work it for themselves - trust me all that negativity is not doing you any good.


I hear what you are saying, but I don't get the "negativity" part. It almost reads like you think I am angry at FXCM for some reason. Why would I be?

Showing the new guy why they should not be trading with a Bucket Shop, is not a "negative" exercise. In fact, it is a very positive exercise because it helps to prevent the Nube from making the same mistake that so many before him/her have made in the past.

I'm not quite sure when learning from the mistakes of others, or from outright and glaring evidence in a video became "negative." My video makes it clear, I do this for the Nube and for the Nube only.

All the negativity has come from the genuinely clueless individuals you see in this thread, who typically attack anything they either don't understand, don't agree with and/or don't like. So, the negativity, if there is any, has come directly from people like that in this and countless other threads within the online trading "community."
 

safvan

Established member
515 34
Which is precisely where most Retail FX Traders are right now in their quest for mediocrity.

Being clueless is not cool. Its actually really dumb.

First Your direct assertion that yours truly is a retail fx trader is a bit over imaginative.

Second "mediocrity" is a preferred choice for 99% in this world. It is great feeling to be a mediocre. Life is so manageable that way.

Third yes being clueless is not cool but you are knocking on the wrong doors of a very huge castle guarded by people you cannot fight with a single man army.

...and to put it into perspective for your over excited neurons, retail FX is as profitable for its users as the huge number of jackpots won every night in Vegas.

The house has the upper edge. Always.

If you want to really earn money, start a business and not waste your time and effort gambling away coins.

Give retail trading the same rank you give your local slot machine. Then you would be fine.
 
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Just4Fun

Junior member
45 1
First Your direct assertion that yours truly is a retail fx trader is a bit over imaginative.

Second "mediocrity" is a preferred choice for 99% in this world. It is great feeling to be a mediocre. Life is so manageable that way.

Third yes being clueless is not cool but you are knocking on the wrong doors of a very huge castle guarded by people you cannot fight with a single man army.

...and to put it into perspective for your over excited neurons, retail FX is as profitable for its users as the huge number of jackpots won every night in Vegas.

The house has the upper edge. Always.

If you want to really earn money, start a business and not waste your time and effort gambling away coins.

Give retail trading the same rank you give your local slot machine. Then you would be fine.

Your last 4 sentences at the end of your post intrigue me.
Retail trading is like entering a casino, is that correct ?
 

safvan

Established member
515 34
Your last 4 sentences at the end of your post intrigue me.
Retail trading is like entering a casino, is that correct ?

Provided you are aged 18 and above but its not all that bad if you take Alan Garner with you when you login into your retail trading control room.



alan-garner-photo.jpg
 
 
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