Would changing over to FXCM UK make withdrawing money more difficult?

Jason Rogers · Jul 8, 2009

Quote from Sandybestdog:

Ignore IMF. He is a FXCM basher. He has yet to explain or proove how FXCM screws their clients. His only argument is that I deliver pizza, therefore anything I say about them is invalidated. He has nothing of value to contribute, because he has no value.

You, like me on the other hand, have been happy with our 1.2 Eur/Jpy spreads. The hedging thing has thrown me off a little. I used to like to put on a larger trade and scalp hedge smaller ones against it. It made it a lot easier having the different positions open and then close them, rather than new orders closing old positions. Now I canât scalp as easy. Now they are eliminating stops and limits on individual positions.

This could easily by solved be putting in OCO orders, as well as one-sends-other orders. If Eur/Usd is 1.4100, you could just put a buy in at 1.4050 and then add a OSO order that sends a sell limit at 1.4070 once the buy order is filled. This would solve both the hedging problem and stop and limit problem. I hope they put those in. Otherwise I will probably have to switch to FXCM UK. I am also concerned about depositing and withdrawing money and how all that would work, and also less so, the regulatory aspects of them being in the UK. Does anybody have any idea how this would work?
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FXCM UK has the same deposit and withdrawal methods as FXCM US, and the process for making a withdrawal is the same.

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Would changing over to FXCM UK make withdrawing money more difficult?

Jason Rogers ET Sponsor