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FXCM Trading

  • 13-09-2013 9:09am
    #1
    underpants
    Registered Users, Registered Users 2 Posts: 213 ✭✭


    FYI for anyone out there using FXCM for trading.

    I had a trailing stop set up on some BKIR shares that failed to fire immediately when the shares started to drop one morning. The order didn't go through until the shares had fallen considerably further.

    It turns out that FXCM rely on a US firm to complete trailing stops and so the order didn't go through until the US stock market opened at 2.30pm on the London exchange.

    They have said "Trailing stops are really only for day traders" and that as far as they are aware it is only trailing stops that go through the US firm.


Comments

  • #2
    Rightwing
    Closed Accounts Posts: 8,101 ✭✭✭Rightwing


    underpants wrote: »
    FYI for anyone out there using FXCM for trading.

    I had a trailing stop set up on some BKIR shares that failed to fire immediately when the shares started to drop one morning. The order didn't go through until the shares had fallen considerably further.

    It turns out that FXCM rely on a US firm to complete trailing stops and so the order didn't go through until the US stock market opened at 2.30pm on the London exchange.

    They have said "Trailing stops are really only for day traders" and that as far as they are aware it is only trailing stops that go through the US firm.

    Very poor.

    I've used them in the past and found them reliable.


  • #3
    MikeSoys
    Registered Users, Registered Users 2 Posts: 454 ✭✭MikeSoys


    hi,
    im looking for advice, i have a CREST account[fxcm]...with some shares...i get a cash dividend...but i would like [for the moment] to see if I can can get shares in lieu rather then a euro/dollar cash amount?...is there anyone here who can advise if i can get shares over cash[in this day and age], is it a CREST thingy? as i'm finding it hard to get info via google...


    any info is appreciated


  • #4
    MikeSoys
    Registered Users, Registered Users 2 Posts: 454 ✭✭MikeSoys


    appart from the 25euro dd from my account ive found fxcm [phoenix] to be ok,


  • #5
    P_Cash
    Registered Users, Registered Users 2 Posts: 722 ✭✭✭P_Cash


    MikeSoys wrote: »
    hi,
    im looking for advice, i have a CREST account[fxcm]...with some shares...i get a cash dividend...but i would like [for the moment] to see if I can can get shares in lieu rather then a euro/dollar cash amount?...is there anyone here who can advise if i can get shares over cash[in this day and age], is it a CREST thingy? as i'm finding it hard to get info via google...




    any info is appreciated



    Well done on highjacking someone elses thread


  • #6
    MikeSoys
    Registered Users, Registered Users 2 Posts: 454 ✭✭MikeSoys


    P_Cash wrote: »
    Well done on highjacking someone elses thread

    Thanks


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