Trading with FXCM for some while, and suddenly received an email today saying the pricing setting is adjusted to Type 2 markup. And i immediately noticed that the spread in my quotation was almost doubled. So why could this happen? Am I trading too frequently making FXCM losing profit ?
FXCM spreads are horrendous. Use Ninja Trader…
All brokers are increasing margin requirements ahead of the Presidential Elections in the USA. They always increase margins in times of extreme volatility.
Things will return to normal after the elections.
Cheers
Blackduck
not like that. They told me I hold my position too short and already categorize me as a non retail customer and doubled the spread. But actually I am a retail customer. Is it normal that institutional customer suffer a wider spread ?
You asked a question but it appears you know what the answer to those questions. So I guess problem solved.
Blackduck
The other conclusion from this action by the firm is that individual traders are not being fed individual quotes as some conspiracy theorists occasionally pop up with. If FXCM were doing this it would be much simpler for them to simply adjust your quotes and say nothing.