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U.S. clients FXCM transition JForex support ?
 Post subject: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Wed 07 May, 2014, 19:09 
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User rating: 98
Joined: Mon 23 Jul, 2012, 02:02
Posts: 656
Location: United States, Durham, NC
We in the U.S. are really squeezed because we had
Alpari and FXDD as the brokerages offering JForex
access.

Alpari was lost, and clients moved to FXDD.

NOW FXDD's client base is being sold to FXCM

I know this may not be the right place to ask this question,
but does anyone know whether it is planned that we
in the U.S. will continue to have access to, and
support for JForex platform ?

I can't believe that Dukascopy would not maintain
this access for U.S. customers, so someone please
reassure me that the FXCM transition will indeed
be "seamless" for us as JForex clients in the U.S. ?

HyperScalper


 
 Post subject: Re: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Wed 07 May, 2014, 19:40 
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User rating: 98
Joined: Mon 23 Jul, 2012, 02:02
Posts: 656
Location: United States, Durham, NC
DUKASCOPY, PLEASE HELP US !!!

FXCM appears to be discontinuing our usage of
the JForex platform !

Who can we speak to so that we who are
dedicated to JForex in the U.S. can continue to
use it ??

Image is from an FXCM email to clients, stating
that we will no longer have JForex usage.

HyperScalper


Image


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 Post subject: Re: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Thu 08 May, 2014, 02:08 
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User rating: 98
Joined: Mon 23 Jul, 2012, 02:02
Posts: 656
Location: United States, Durham, NC
FXDD has sold out and FXCM will NOT support
U.S. traders to continue our JForex access !!

I had a long talk with a well-meaning FXCM rep who was
very polite, but acknowledged that FXCM would be happy
to help us use their API and even gave me a demo account
so I could see their system.

THEY WILL NOT BE SUPPORTING JForex !!! This means
that ALL U.S. residents are cut off from the best trading
in the world -- Dukascopy.....

WHAT RUBBISH AT FXCM. See the attached for FXCM spreads
versus Dukascopy. They are just a "Dealing Desk" and they
show how superior Dukascopy's ECN is for us traders.

PLEASE PLEASE PLEASE Dukascopy, find a U.S. broker who
will give us back our access ! Please....

I've written a desperate Plea to Dukascopy Partner Marketing
to please find another broker in the U.S. who will partner
with Dukascopy here in the U.S.

HyperScalper



Image


 
 Post subject: Re: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Thu 08 May, 2014, 08:02 
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User rating: 3
Joined: Fri 06 Apr, 2012, 21:11
Posts: 2
Location: United StatesUnited States
Also, how will we be receiving winnings from now on?


 
 Post subject: Re: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Thu 08 May, 2014, 19:46 
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User rating: 164
Joined: Mon 08 Oct, 2012, 10:35
Posts: 676
Location: NetherlandsNetherlands
Is your restriction to access JForex from US technical (aka IP address block), or by US law you, as a US citizen, are not allowed to open a live JForex account?


 
 Post subject: Re: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Fri 09 May, 2014, 00:54 
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User rating: 98
Joined: Mon 23 Jul, 2012, 02:02
Posts: 656
Location: United States, Durham, NC
It's U.S. restrictions on using a "foreign brokerage"
if you are a U.S. resident. Now, if you are U.S.
citizen who is non-resident it might be OK, but as
a U.S. resident Dodd Frank legislation and regulators
impose heavy restrictions which forbid a retail
personal account with a foreign brokerage.

Offshore companies?... I'm seriously looking into
what I could do with them. Pathetic, isn't it?

I am confident and hope that Dukascopy will take
action to find us another brokerage in the U.S.
who will "white label" and represent JForex
Dukascopy access. I can't imagine they will
not be trying soon to help us !!!

HyperScalper


 
 Post subject: Re: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Fri 16 May, 2014, 16:34 
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User rating: 98
Joined: Mon 23 Jul, 2012, 02:02
Posts: 656
Location: United States, Durham, NC
This was the Final Day of JForex trading in the U.S.
as FXCM takes over the FXDD "white label" account
holders, but denies them JForex access.

All of my clients have been advised to empty their
accounts, and to wait for Dukascopy to find another
U.S. broker to host the "white label" access program
for JForex.

R.I.P. FXDD retail, and Alpari US retail as you were
the only JForex brokerage choices we had...

HyperScalper


 
 Post subject: Re: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Thu 31 Jul, 2014, 23:37 
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User rating: 0
Joined: Wed 03 Apr, 2013, 13:03
Posts: 17
Location: United States, Jersey City
Wow, does that suck.

Oh well, back to ninjatrader.

Frank Dodd, what a joke.

Later Dukascopy


 
 Post subject: Re: U.S. clients FXCM transition JForex support ? Post rating: 0   New post Posted: Thu 14 Aug, 2014, 19:54 
User avatar

User rating: 98
Joined: Mon 23 Jul, 2012, 02:02
Posts: 656
Location: United States, Durham, NC
It appears to us that Dukascopy is putting
no effort into finding a U.S. White Label.

The FXDD white label arrangement was ideal
because we did not have to respect that stupid
FIFO rule on Order processing, and we received
a statement which was made "FIFO compliant"
each day.

Some idiotic U.S. brokerages actually impose
these restrictions on the Order Entry platforms,
when it is really a "back office" function to report
FIFO compliancy.

I know this because MB Trading also does this,
not restricting clients' order entry sequences,
but providing a "FIFO equivalent compliancy"
statement.

I've moved on from Dukascopy through an alliance
with a European company. But I can't open a
personal Dukascopy account any more, only
corporate accounts through our company...

HyperScalper


 

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