Do I read this correctly? 10:1 leverage for dollar crosses? How are you gonna keep all your micro accounts with such low leverage levels? Or aiming for larger accounts now? I mean, why would any account actually consider signing up with you given there is hardly anything on offer anymore, nobody looks to trade currencies in majors at 10:1 leverage levels, coupled with the risk in trading in a company that is on the verge of being taken over some time this year I just fail to see the upside here.
Just a reminder that the next update for Trading Station Desktop will go live after trading closes for the weekend at 5pm New York Time today. After that, your platform will update automatically the next time you log into it.
FXCM Open House 2015 – Try Our Best Trading Tools for Free FXCM is hosting an Open House for a limited time so that you can test our best products and resources for yourself with no commitment at all. We want you to see the advantages of being with FXCM, and we’re going to do that by letting you test-drive our most popular trading resources for yourself. For a limited time you will have access to: FXCM Apps: This limited-time access period includes $500 in App Store credit for FXCM-created applications, strategies and programs at the FXCMApps store. You can use this store credit right now. Premium products from DailyFX including: 360° Course: The 360° program is a full educational curriculum that emphasizes ‘probability-based trading’ using data from the DailyFX Traits of Successful Traders research series. The course includes a curriculum that teaches traders to simplify fundamental and technical analysis while keeping an eye on the all-important factor of risk management. DailyFX on Demand – The Ultimate Trading Room: This includes access to four market sessions per day covering the most active periods in the market which an analyst, instructor or strategist will cover economic announcements, data prints and price movements as they happen. DailyFX on Demand also includes access to Real-time SSI and bank research through the live sessions. DailyFX PLUS: This is the client portal for DailyFX.com where we offer our On-Demand video course, The Live Classroom and the DailyFX PLUS Trading Signals. This portion of the website has grown massively in recent years, and can bring value to traders in a multitude of different ways. Access FXCM Open House 2015
Greece Bailout Outcome May Impact Your Trading Attention Traders As pressure builds up in the eurozone to reach a deal to solve the ongoing crisis over Greece's bailout, the currency markets may face a significant impact today and through the weekend, and as such we recommend you take protective measures. HOW COULD THIS IMPACT YOUR TRADING? We believe there is a chance of disruption and highly illiquid conditions in the European forex market and a risk of the markets opening on Sunday, February 22, at a significantly different level from the close today. When trading resumes following a major news event, price movements commonly have gaps—that is, currencies trade at prices considerably distant from previous levels. To manage your risk against any potentially disrupted market conditions, we recommend you take the following precautions: Reduce the size of any open EUR positions in order to free additional margin Increase your account balance to add available margin: Visit MyFXCM.com to deposit funds
Trading Hours for Start of Daylight Savings Time in the US Hi Everyone, Daylight Savings Time will start in the US on Sunday, March 8th. That means the trading hours for CFDs that follow US market times will shift by one hour starting next week. I've highlighted the changes below in red. Forex Trading Hours In terms of New York Time, the trading desk will still open at 5pm on Sunday and close at 5pm on Friday as always. However, since New York Time will shift this weekend from GMT-5 to GMT-4, the trading desk hours will also shift by one hour in GMT terms. Starting next week, the trading desk will open at 21:00 GMT on Sunday and close at 21:00 GMT on Friday. A special note for all MT4 clients on our New York Close servers The time zone on our New York Close MT4 servers will change this weekend from GMT+2 to GMT+3. In this way, midnight on your MT4 charts will stay in line with the 5pm New York Close. If you have any EAs or indicators that use a GMT offset, please update them to GMT+3 this weekend.
FXCM Releases Detailed Data on the SNB Flash Crash On January 15, 2015, the Swiss National Bank (SNB) caused a flash crash that lead to historic dysfunction never seen before in the FX markets when it announced that it was completely (not gradually) removing the 1.2000 self-imposed floor on the EUR/CHF exchange rate. FXCM has compiled data points which demonstrate the unprecedented and extreme dysfunction of the FX market on January 15th. For the full recording and presentation please click here. * January 15 Was A Market Flash Crash - The Institutional FX Market Failed And Did Not Function: No Liquidity - There was almost no available liquidity for approximately 40 minutes Dramatically Low Pricing - External ECN prices went as low as 0.2000 and 0.5000 Extreme Spreads - The average spreads of EUR/CHF were more than 2000-3000 pips Extreme Range - The average range of EUR/CHF was 6000 pips. * The majority of FXCM liquidity providers had stopped quoting prices during this time. Had FXCM's circuit breaks not engaged, the weighted average price of the same orders would have been much lower than the execution price of 1.05, at 0.9760. * The January 15 flash crash saw the EUR/CHF drop 40% in seconds whereas the 2010 flash crash in the equities market saw about 9% drop in the Dow Jones Industrial Average over the course of a few minutes. click to enlarge * The market data show that the losses on January 15 were not the result of FXCM technology or FXCM margin requirements, but rather due to the extreme market dysfunction resulting from the SNB's irresponsible and unforeseen announcement to completely remove the 1.2000 EUR/CHF floor. * In light of the reckless actions of the SNB, FXCM has since ceased offering any currencies which carry significant risk due to potential manipulation by their respective governments either by a floor, ceiling, peg, or band.
Today we announced an update related to this: FXCM Pays Additional $54 Million Owed to Leucadia Avoids Contingent Financing Fee of $30 Million NEW YORK, April 2, 2015 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) a leading online provider of foreign exchange (FX) trading and related services, today announced that it has repaid an additional $54 million outstanding under its credit agreement with Leucadia. The payment was funded in part with proceeds from the sale of FXCM Japan. FXCM has now repaid $66 million under the credit agreement, and as of April 1, 2015, FXCM's outstanding Leucadia loan balance is $244 million. By repaying more than $60 million before April 16, 2015, FXCM has avoided a contingent financing fee of $30 million, and FXCM shareholders stand to benefit from an improved sharing determination of proceeds from future asset sales, dividends and distributions pursuant to the terms of the credit agreement. "FXCM is pleased with how our debt reduction plan is proceeding," said Drew Niv, CEO of FXCM. "We are ahead of plan and the results of the FXCM Japan sale exceeded our expectations. With all the increased attention to our other properties, we are expecting robust and competitive auctions for the other non-core assets we have targeted to sell." Read full press release: FXCM Pays Additional $54 Million Owed to Leucadia (NYSE:FXCM)
Below are the CFD holiday trading hours for Easter and ANZAC Day. Forex trading hours remain unchanged, and you can view the holiday rollover interest schedule here: http://bit.ly/14Wwoso Times below are in GMT
After the CHF disaster, you're stock is looking rather attractive to me. Out of curiosity, are you still paying the stated dividend or has this also been modified due to debt payment issues? https://ca.finance.yahoo.com/q?s=fxcm&ql=1