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Just submitted a wire transfer.. Haven't heard anything but negative reviews for Gain capital. So I'm out, maybe time to drop Ninja Trader. Unless they can come up with a decent Forex company
I have no idea why Ninjatrader will not go out and connect with Tradersway, Tallinex, or FX Choice. It would be nice to finally have Ninjatrader connected to a proper FX broker who allows standard forex rules (not US Dodd-Frank restricted rules).
I am setting up to use MT5 with Amp and FX Choice for both futures & forex trading. FX Choice takes US customers for MT4 or MT5.
Great news! as I use FXCM in Australia, I will contact them right away and find out if I can trade FX through PhillipCapital. I use them for Futures already.
Since you live in the US, it's important to note that part of our settlement with the NFA and CFTC was to close our US subsidiary. FXCM has signed a non-binding letter of intent with GAIN Capital Holdings, Inc. (“GAIN”) under which GAIN would purchase FXCM's US customer accounts. The transaction is subject to regulatory approval and a definitive agreement. FXCM and GAIN are working to determine the timing for the account transfer and expect to provide further information in that regard in the coming days including details for NinjaTrader platform users like you.
We will for the interim period continue to service our US customers and to provide top quality trade execution pending the customer-account sale and business withdrawal. FXCM will also be working diligently to be sure that an account transition to GAIN’s retail brand, FOREX.com, will be orderly, expeditious and seamless. We want to express our most sincere thanks to all our US customers like you who have been with us over the years and wish you all the best following this transition.
That said, there will be no changes for clients outside of the US, and I will continue to be available on this forum to you and other traders who have questions about FXCM. Since our US entity has not been a contributor to overall profits for the firm over the past few years, FXCM will target significant cost cutting by closing FXCM US. Specifically, withdrawing from this business will free approximately $52 million in capital. We will use the proceeds from any sale of the US accounts, as well as the large amount of regulatory capital currently tied up, to reduce the balance of our loan from Leucadia.
With the reduction of this loan balance, along with sales of non-core assets that were previously announced, FXCM could be in a position to fully pay off the Leucadia loan before the end of this year. As a result, we will be in a better position to service our international customers and focus on our profitable subsidiaries. Our full financials can be found here and we will announce our Q4 and full year 2016 financials in the next few weeks.
If you have questions about our services at FXCM please send me a Private Message.
I trust that Ninjatrader will find a solution very soon.
One option is to make PhilipCapital that they are already using for Futures to also deliver trading for FX through Ninjatrader.
PC works great with NT for Future trading.
I contacted PC today, their Australian branch, and they will get back to me regarding if it is possible to trade FX using NT.