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Erich

September 30, 2009

Erich
September 30, 2009

ad FIGfx: they widen the spread if you are a scalper. you have to tell them at the beginning, but what scalping is for this company it is not clear; Erich, Vienna, Austria

trader

October 6, 2009

ad figfx.com define scalping like this:
under their conditions they calculate a three-day average of pips; if your scalping method was not successful in the beginning of your trading and the result was equal or less than 5pips you will be asked to change your account style - bad for your spread, because it adds up!

trader

November 20, 2009

BrokerGuru, "FIGfx" : they widen the spread if you are a scalper. Pending Order 10 pips, Stop Loss, Take Profit minimum 10 pip, holding position minimum 1 minute. How to do scalping?

BrokerGuru

November 20, 2009

BrokerGuru
November 20, 2009

Well, here is their latest policy on scalping, quote: "FIGfx accepts scalpers and scalping as a trading strategy.You can use scalping as a trading strategy with no restrictions of any kind, you are most welcome to scalp with FIGfx."
Link: http://www.figfx.com/forex-trading/scalping-policies

trader

November 21, 2009

BrokerGuru. well about FigFX. There is another link but in indonesia language check it out the link below . I have email to them and this is reply i got from them.
" Sir, please check: http://www.figfx-indonesia.com/instrumen-trading.php
10 is the default, 5 was an offer for a limited time only. "

According to the web site Line " No.10 - Allowed Scalping - * Hold Posisi (posisi yang terbuka sebelum di likuid/open posisi lagi) minimum 1 menit dan close +/- lebih besar sama dengan 4 pip" mean hold position minimum 1 minutes / close position above 4 pips. & no. 14 - Pending Order 10 pip, Stop Loss and Take Profit minimum 10 pip. so which is true????


BrokerGuru

November 22, 2009

FIGFX Indonesia - is it the same broker as FIGfx? Or are they working together?
If so, then I'm not sure which Scalping policy is true. Do english speaking clients and indonesian clients get separate trading environments..? I'm as clueless as you right now and I think we should ask for clarification from a broker.
I'd be grateful if you can do so since you can understand both languages.

trader

November 24, 2009

FIGFX Indonesia is IB to FIGfx. I have try the demo account. Yup it is truth as stated in the FIGFX indonesia web site scalping policy. So, FIGFX impose restriction on scalping activity if you are scalper.

trader

November 25, 2009

This broker offers 1 pip fixed spread on the majors with MT4.

There demo looks nice, price is fluctuating with one pip showing 1.5001 and 1.5002 for EUR/USD, trading
at same level as other ECN/MT4 brokers such as ATC Broker and FXCBS. In fact FIGfx has a fixed spread of
only 1 pip, the other ECN brokers have constantly fluctuating spreads between 0.8 -1.3 pips, so why pay
them $8 in commission for one standar lot (Round Trip) when FIGfx gives you a nice fixed one pip spread
with transaction cost included in spread?

Is FIGfx offer to god to be true? I do not know so I was going to contact them, this is the contact
information they state on their website:

For more detailed information, please feel free to directly contact us:

FIGfx Solutions Limited
1521 Concord Pike #301
Wilmington, DE 19803
United States of America
Telfax: +1 (302) 294-5626

What kind of bullshit information is this? No phone number, no e-mail, no info about president, board,
owner, etc? I certainly makes me very suspicious. Anybody knows anything about them?

Is there anybody who has any good experience from any FIXED 1 pip broker (no commission, brokers profit
is in the spread)?

BrokerGuru

December 10, 2009

The difference is that with FIGfx you'll be trading with a dealing desk, which means you and a broker will have a conflict of interest: when you win, they will lose. Trading profitably for a long term with serious gains prove to "irritate" dealing desk brokers, because they keep on losing with you while taking an opposite side of your trades.
Many Forex traders who were able to grow their investments fast with market makers complain about worsening conditions after a while, because at a dealing desk they can see your performance and put you on manual execution with delays, re-quotes - overall a trading becomes unpleasant.
The worst case scenario - a denial to withdraw your gains.

That's why when you choose a non-dealing desk int he first place, you eliminate the conflict of interests and with it a lot of troubles that may/or may not occur when trading with a market maker.


Pastor Godwin .O

December 16, 2009

Pastor Godwin .O
December 16, 2009

Dear fellow traders, pls if anyone knows about this broker or have any experience about them, pls send me email about your experience on godwin24me(a)gmail.com. I love this broker and i need to know more about them.

Pastor Godwin .O
Nigeria


trader

January 21, 2010

re FigFx

While they say they allow scalping on their web page. Their execution time is very very slow.
So it is not really good to try and trade in a fast market with them.

trader

February 15, 2010

Dear Sir,

FIGfx is No Dealing Desk broker.

Thank you.

BrokerGuru

February 26, 2010

Quote from the Customer Agreement (in capital letters as seen in the document):

"AS A MARKET MAKER, FIG Solutions IS THE COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY."

trader

March 10, 2010

Dear sir,

I only read on the website that FIGfx said they are NDD broker.

Thank you for your info sir.

trader

June 9, 2010

I hade a bad ordeal with figfx .My ea were doing xalant on 3 accounts .Figfx tryed to obtain my ea and apon refusal they have closed all my accounts. I am trying my best to only recover my money at this stage.
Any help out there i would appreaciate!!!!



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