The included FXCM plugin allows direct trading with FXCM Markets Ltd or FXCM Australia Pty. Ltd on demo and real accounts, without the need to use the MT4 platform. FXCM offers some advantages, such as index, commodity, and cryptocurrency CFDs, free tick-based, good-quality historical price data, a free API, and no minimum monthly investments.
For opening a FXCM demo account, visit https://www.fxcm.com/markets/forex-trading-demo or https://www.fxcm.com/au/forex-trading-demo and complete the registration form. The demo account will normally expire after a month of no trading, but can be renewed indefinitely by opening a new demo account.
For opening a FXCM real account, use the FXCM affiliate link on the download page unless you're living in one of the excluded countries.
!! For using the FXCM API, you must unzip a bunch of DLLs. They are contained in the FXCM.zip archive in the Zorro installation. Unpack them directly into the Zorro main folder. The DLLs beginning with "api-ms-win-core" are only needed for very old Windows versions such as Vista or Server 2012. XP is not supported by the FXCM API. When you successfully installed the DLLs, the FXCM plugin will appear in the Broker scrollbox.
Zorro login fields for FXCM:
|User||FXCM Account ID|
Asset list example: AssetsFXCM.csv
Accounts.csv example entries:
The default AssetsFix.csv uses different CFD symbols. Use AssetsFXCM.csv for trading CFDs with FXCM.
The FXCM plugin supports the following data streams:
The FXCM plugin supports the brokerCommand function with the following commands:
You can trade with FXCM either through the MT4 bridge, or with a direct API connection through the FXCM plugin. Direct API connection is preferable due to higher speed and lower slippage. The FXCM plugin uses the latest API version 1.62.
Here's a list of explanations from FXCM for some of their error messages:
ORA-20103 - Session expired: Your connection has been lost.
This error message could be displayed due to a number of reasons, including
network instability, a system issue or a program crash. If the problem is a
system issue, please try to reboot.
ORA-20143 - Order price too far from market price: This error message is generated when the Buy Limit price is above the Bid price.
ORA-20112 - Limit price did not pass validation: This error message is generated when the Limit price does not correspond to the ask price for the order type required. Ff the Time in Force is IOC or FOK then the Buy limit price should be >= Ask price.
ORA-20113 - Insufficient margin in session: This error message is generated when you don’t have enough margin.
ORA-20102 - Access Violation: This error message is generated when a trade account is missing from the dealer account.
ORA-20105 - Order price did not pass validation: The rejected orders error message is generated when the stop price is too close the the ask price. For example, if the Ask price was 9911 and your Stop price 99=9917, you would receive this error message.
ORA-20008 - Failed to create order, primary validation: This error message is generated when Range prices are below the Ask price. For example if orders were placed on news events, and the spreads got wider.
How can I tell what account type I have? Checking on Trading station: To check the type of account you have, you can login to the Trading Station and look in the tab “Accounts”. Scroll to the end and find column Type. Y = Hedging is allowed; N = Hedging is not allowed, O = Netting only, D = Day netting, F = FIFO.
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