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I would like to open a fresh new spread betting account where I can use NT7 to trade, the webpage is not updated:
Please correct me if I'm wrong - having multibroker lifetime licence for NT7 I do not have to fill in LOD when applying for a new spread betting account with FXCM. I can use my own multibroker licence to trade with NT7 from that account.
Thank you
Chris
Consistency over time
Can you help answer these questions from other members on NexusFi?
I believe in simplicity and straight forward answers; after all, it is our money at stake.
On my First question, "Lets assume the worst thing that can happen, happens to FXCM, will clients lose their funds? Just a "yes" or "no" please!"
The answer here is a simple "YES", since I live in the US and don't enjoy the same protection when it comes to FOREX, against the filling of bankruptcy as other countries do!
The fact you are a publicly traded company has nothing to do with the fact that you can file for protection under the federal bankruptcy at anytime, and we, US clients are out in the cold.
I'm sorry, but I'm not willing to take that risk, especially with the latest FXCM is going through.
The concerns you have raised would apply to any US brokerage, since segregated funds and insurance are not available for forex accounts under US regulations. The fact that FXCM is a publicly-traded firm is relevant, because it means we provide details regarding our financials that are not readily available from the privately-held companies that operate as forex brokers in the US.
Furthermore, that fact that we are one of the only retail forex brokers in the world that is regulated on four continents means we are subject to even more oversight than the average international forex broker. And as mentioned in my previous post, FXCM is in compliance with all regulatory capital requirements in the jurisdictions in which we operate. The financing we received from Leucadia has strengthened our balance sheet and gives us the opportunity to grow our core business. With Leucadia, our pockets are even deeper and we aren’t going anywhere.
If you have questions about our services at FXCM please send me a Private Message.
That's correct. Instead of completing the LOD, simply contact NinjaTrader support after receiving your new FXCM account number, and they should be able to set up access to the account for you through their platform.
If you have questions about our services at FXCM please send me a Private Message.
Just as a follow up to my earlier post, here's an article in today's Wall Street Journal where Leucadia confirms that they have begun to receive payments from us and expect to recover more than a quarter of their investment within three months of the deal's closing: Leucadia Begins Recovering FXCM Investment - WSJ
If you have questions about our services at FXCM please send me a Private Message.
The practice account registration form has not been disabled. Can you copy/paste the page URL on which you are trying to register for the practice account so we can try from our side.
Thanks,
Jason
If you have questions about our services at FXCM please send me a Private Message.
Hi Jason,
The process worked and I have a practice account now. What happened was, once the Submit button was pressed, there was no acknowledgment/message/landing page of info having been submitted successfully.
Thanks for the response Jason.
Joseph
Can you please explain the event(s) of 6th of March, around 12:30 as well as further back into the chart; spikes that "appear" to be "stop hunting/harvesting" by FXCM!!??
These events were NOT present on other major brokers charts!!
I've attached firstly a FXCM chart, followed by several other brokers charts as well, including ATC.
I would very much like to hear FXCM's official explanation of these occurrences, and if this is common practice.