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Thread: Forex Club

  1. #21
    Hi m78,

    If I may... and please let me know what you believe;

    Quote Originally Posted by ;
    people do you really know what you are talking about? 40 cent for $1K
    means $40 for $100K that is in other words 4 PIP SPREAD
    4 pip spread is just supposing that each trade you create is profitable.

    Quote Originally Posted by ;
    so in the event that you win 70% of their time (the customer they do not desire )
    you LOOSE with them on the disperse...
    Firstly, we welcome all clients.

    Let's assume you do win 70% of this time, that means that 30 percent of your commission costs will be reimbursed to you. So in the event that you do the math on this one, that means you are paying 2.8 pip spread on each pair we provide. That is not bad.

  2. #22
    Quote Originally Posted by ;
    Hello,

    Should I may... and please let me know what you believe;



    4 pip spread is just supposing that each trade you make is profitable.

    Firstlywe welcome all clients.

    Let's assume you do win 70% of the time, so that 30 percent of your commission costs will be reimbursed to you. So in the event that you do the math on this one, that indies you're paying 2.8 pip spread on each pair we offer. That is not bad.
    Ok, I guess that I might be incorrect if there's no disperse just that commission... last time I investigated this broker (about a year ago) I think there was a disperse commision....

    Oh well apologies with this

  3. #23
    Quote Originally Posted by ;
    [cut]
    Firstly, we welcome all customers.
    [cut]
    so can your client do martingaling or even semi/smooth martingaling eg: enjoy in the lucky 7 system here
    https://www.forexforum.co.za/cryptoc...-3-digits.html?

    Basically it implies that the system is expected to loose here up to 6 times and then one win makes all the loss profit...

    in the broker point of view there will be 6 trades with no income from spread/commission unless they're playing against the customer...

    and there is a variation of this method in which the method can loose up to 20-30 times.... That way it would be quite unprofitable for the broker unless they really do take the opposite trades...

  4. #24
    Quote Originally Posted by ;
    ok, I guess I might be wrong if there is no spread only that commission... last time I investigated this broker (about a year ago) I think there was a spread commision....

    Oh well apologies for this then
    No worries! In the event that you had that concern, odds are extremely good that many others had the same concern, so I'm glad to clean this up.

    Also, we do control spread on our ClassicFX (our advanced) platform. ExpressFX is commission based.


    Quote Originally Posted by ;
    so can your customer do martingaling or semi/smooth martingaling eg: just like from the lucky 7 system...
    That is an intriguing trading egy. Our customers can exchange any way they see fit whether it's advantageous for us or not. We don't cancel customer accounts unless we could prove that some sort of fraud is involved.

  5. #25
    Quote Originally Posted by ;
    No worries! If you had that issue, odds are extremely good that many others had this exact same concern, so I am pleased to clean this up.

    Additionally, we do charge spread on our ClassicFX (our innovative ) platform. ExpressFX is commission based.





    That's an intriguing trading egy. Our customers can trade any way they see fit whether it's advantageous to us or not. We do not cancel customer accounts unless we could prove that some sort of fraud is involved.
    Since fxclub is the NFA member can you tell us the way the hedging/fifo orders look like? Is hedging disabled and orders could be closed only in fifo order?

    Additionally since NFA is going to recommend reducing levarage what are the egies of fxclub in this aspect? What will be the leverage then previous rule takes place? Will it be continuous to all currencies or vary based on the currency traded?

    thanks

  6. #26
    Quote Originally Posted by ;
    because fxclub is your NFA member can you tell us the way the hedging/fifo orders look like? Is hedging disabled and orders could be closed only in fifo order?

    Additionally since NFA is going to advoe reducing levarage what would be the plans of fxclub in this aspect? What's going to be the leverage then previous rule occurs? Can it be continuous for all currencies or vary based upon the currency traded?

    Thanks
    Hi m78,

    There has not been a whole lot of changes here because the new NFA rules were released. In reference to the FIFO rule, we had been unaffected. Placing orders would be the same as it always was on our platforms. We actually never allowed hedging on our platforms; our alternative was what we called Position Reversal or Position U-Turns, therefore if a transaction goes sour you can cut losses which way. Position Reversal wasn't influenced by FIFO either.

    (a connection about Position Reversal: http://www.fxclub.com/reversal_of_positions/ )

    The leverage rule also does not affect us; our max quantity of leverage provided was always 100:1 for pairs we provide.

    Hope that answers your questions/feel free to take more my own way.

  7. #27
    I'm new to FXclub. This is my review of these so far. I joined up through FXRenew that I think is a white tag (correct me if I'm wrong). I gotta say, Renew's broker had no idea what a VPS was for the platform. Also their site says you can exchange mobilely (can I say that?) , but when I downloaded for Android, I could not get in (I design websites, do SEO, so I'm not a newb on the computer). Renew or FXClub could not help me out, they passed down me to ACTTRADER to help me out using all the mobile platform (its almost been a week, an no cellular trading; not sure if its about the conclusion of FXRenew or FXClub.

    Also, trading my own demo (I have a demo and a true account with them) today I noticed during a volatile fashion of the eur/usd, I tried exiting from my One position four or five occasions. I finally got my fill, but when I looked at my trading log, it showed 4 debits against my account even though it reveals I exited that exact same trade after all 4 adverse debits. How does that happen? I noticed a lot of requotes for market orders, which I don't like I might have to put limit orders go to an ECN.

    Any help using the cellular trading or why I've negative debits are great!

    I'm still on the fence around plopping my cash down with these guys.

    BTW I noticed they're finalizing an arrangement on the interceptor trading platform, which is easy to hedge with onto it, I noticed its not going through for the following 3 weeks...

  8. #28
    Quote Originally Posted by ;
    I'm new to FXclub. That is my review of these so far. I joined through FXRenew which I presume is a white label (correct me if I'm wrong). I gotta say, Renew's broker had no idea what a VPS was to get the platform. Additionally their website says it is possible to exchange mobilely (can I say ?) , however once I downloaded Android, I couldn't get in (I design sites, do SEO, so I'm not a newb on the pc ). Renew or FXClub couldn't help me out, they handed down me to ACTTRADER to help me out using the mobile platform (its been a week, an no cellular trading system;...
    Hi EmptyEternIT,

    You are right on your first point; FXRenew is just one of Forex Club's white labels. In reference to the VPS, I can tell you that all ActTrader's orders have been put server-side, including its trailing-stops (unlike MT4, which utilizes VPS to fix this problem). The egies, however, are computer-based, which means you may either require a VPS to run a egy while the pc is off, of maintain the computer running while the egy is active. Forex Club currently doesn't provide its own VPS solution, but it might be possible to use a 3rd party VPS alternative.

    Forex Club offers mobile trading in form of an iPhone, iPad, and Android app, and a software that runs on smart phones. You can get Forex Club's Android app, which is currently functioning, by following this link: https://market.android.com/details?i...=search_result.

    The case you supplied with the”4 negative debits” sounds strange... Did you have one-click trading allowed? If so, an order could be initiated each time you clicked a quote from the working window. So even if the order does not immediately appear, the order will initiate. By way of example, you've got one BUY place of 10000 on EURUSD. You shut by opening a SELL place of 10000 on EURUSD. You click the button see that the order has not closed yet, and continue to strike SELL button four more times. This is going to result in a SELL position of 40000. This might have happened in the case you've provided. I would suggest disabling one-click trading and trying once more on your demo account to test this concept.

    ActTrader has fairly fast execution, so requotes shouldn't be a major problem... But if you understand that there's a lag that's causing orders to be postponed (above problem) and realize that your quotes are being filled to get another price than is listed, it makes me wonder if there's an error using the internet or server link...

    Please don't hesitate to contact us at 1-LRB-800-RRB- 881-3809 so we can get a better image of what's occurring and work that will help you with these issues.

  9. #29
    Quote Originally Posted by ;
    Have anybody traded live with them? Please don't hesitate to leave your good and bad comment about them. I intend to trade live with them, since they do not bill on draw and deposit and is a controlled broker.

    I've one question, since they do not have the NFA minimum requirement of 5 millions, is it okay to trade ?

    Regards,
    Zhenhui
    Expressfx is great, super user friendly and fair.You can buy and sell at precisely the exact same price. How large is that?! Additionally, you pay commission (there aren't any spreads) just if you shut a trade in profit! Additionally, I liked it that you put your stops and limitations in dollar amount. And most importantly, they don't have some slippage. I think it's a great place to begin on Forex. They truly do make it effortless to determine how it all works for the beginners. And for us, their approach to FX deserves attention.

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