CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
70% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Based on FIX designed for institutional traders.
FIX API using FIX Protocol 4.4 designed for real-time, custom institutional interface which push up to 200 price update per second (not available on other APIs). It is our fastest and most popular solution. You will get full range of trading order types available at FXCM.
In order to establish and maintain FIX connectivity, you must have an application that manages a network connection and which sends/receives FIX messages. An application that does this is referred to as a FIX engine. Today there are numerous commercial FIX engines as well as open-source alternatives, the most known of which is QuickFIX
FXCM trading session reset weekly, it opens on Sundays between 5:00 PM ET and 5:15 PM ET. and closes on Fridays at 4:55 PM ET.
Please refer to our github page
- First open a demo TSII account at here
- Send your login to [email protected] to get FIX credentials.
- Request documentation by signing our EULA. FXCM data dictionary FIXFXCM10.xml
- Install software development environment (SDE). For Java, you can try Eclipse or NetBeans, For C++/C#, please download Visual studio
- You also need to download FIX protocol package. QuickFix/J or QuickFix/N
There are two ways to Logon, one is within the Logon message should include your Username(553) and Password(554). The other one is send Username(553) and Password(554) on User Request (35=BE). It is also important to note here that FXCM requires the TargetSubID on all messages, including your Logon.
Example Logon Messages
//Send Username/Password on Logon (35=A)
8=FIX.4.4|9=114| 35=A |34=1| 49=fx1294946_client1| 52=20120927-13:15:34.754| 56=FXCM |57=U100D1| 553=fx1294946| 554=123| 98=0 |108=30 |141=Y| 10=146|
//Send Username/Password on User Request(35=BE)
8=FIX.4.4|9=114|35=BE|34=2|49=fx1294946_client1|52=20140515-00:29:11.372|56=FXCM|57=U100D1|553=fx1294946|554=1234|923=1|924=1|10=150|
//FXCM Logon response
8=FIX.4.4|9=92| 35=A| 34=1| 49=FXCM| 50=U100D1 |52=20120927-13:15:34.810| 56=fx1294946_client1| 98=0| 108=30| 141=Y| 10=187|
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Subscribe market price with 35=V MarketDataRequest. You will get MarketDataSnapshotFullRefresh(W) 35=W.
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The MarketDataSnapshotFullRefresh(W) message contains the updates to market data. It is obtained as a response to the MarketDataRequest(V) message. FIX connections are then subscription based for the market data; meaning, you must request it to receive it.
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The types of data you can receive, such as the Bid price or Offer price, are referred to as MDEntryTypes in FIX. FXCM supports the following MDEntryTypes in each message: Bid(0), Offer(1), High Price(7), and Low Price(8). Additional MDEntryTypes such as MDEntryDate, MDEntryTime, QuoteCondition, etc., are found only once within the first repeating group of the message.
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Also we don't have liquidity size information and depth information, only display BBO (best bid offer).
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If you want shrink price data which is 60% of current market price, please take a look at here
8=FIX.4.4|9=497|35=W|34=4|49=FXCM|50=U100D1|52=20180817-13:44:06.495|56=MD_d101968187_client1|55=EUR/JPY|228=1|231=1|460=4|9001=3|9002=0.01|9005=10|9011=0|9020=0|9080=1|9090=0|9091=0|9092=0|9093=0|9094=50000000|9095=1|9096=O|268=4|269=0|270=126.085|271=0|272=20180817|273=13:44:06.000|336=FXCM|625=PSFX|276=A|282=PSFX_DESK|299=FXCM-EURJPY-19288641|537=1|269=1|270=126.093|271=0|272=20180817|273=13:44:06.000|336=FXCM|625=PSFX|276=A|282=PSFX_DESK|299=FXCM-EURJPY-19288641|537=1|269=7|270=126.448|269=8|270=125.567|10=117|
- If you want subscribe once and get update been pushed whenever there is update, you need set Subscription request type 263=1 which is snapshot + update. If 0, you will only get one snapshot.
- You can also subscribe security in list, instead of just one security.
8=FIX.4.4|9=134|35=V|34=5|49=d101970033_client2|52=20180822-19:20:49.137|56=FXCM|57=U100D1|262=4|263=1|264=3|265=0|146=1|55=EUR/USD|267=2|269=0|269=1|10=189|
8=FIX.4.4|9=808|35=V|34=5|49=MD_d101968187_client1|52=20180817-13:44:05.840|56=FXCM|57=U100D1|262=4|263=1|264=0|265=0|146=65|55=USOil|55=AUD/JPY|55=NZD/CAD|55=EUR/CAD|55=USD/ZAR|55=AUS200|55=UKOil|55=EUR/NOK|55=NGAS|55=EUR/AUD|55=USD/HKD|55=EUSTX50|55=GBP/CAD|55=USD/CAD|55=GER30|55=CAD/CHF|55=USD/TRY|55=EUR/TRY|55=Copper|55=HKG33|55=USOilF2|55=GBP/AUD|55=NAS100|55=EUR/CHF|55=TRY/JPY|55=AUD/NZD|55=USD/CHF|55=XAU/USD|55=FRA40|55=USOilF|55=AUD/USD|55=NZD/JPY|55=USD/MXN|55=USDOLLAR|55=CHN50|55=ESP35|55=EUR/NZD|55=UKOilF|55=ZAR/JPY|55=GBP/CHF|55=NZD/USD|55=USD/JPY|55=GBP/NZD|55=SPX500|55=CHF/JPY|55=UK100|55=EUR/USD|55=SOYF|55=GBP/USD|55=EUR/JPY|55=AUD/CHF|55=EUR/GBP|55=XAG/USD|55=US30|55=GBP/JPY|55=NZD/CHF|55=USD/NOK|55=CAD/JPY|55=AUD/CAD|55=Bund|55=USD/SEK|55=EUR/SEK|55=USD/CNH|55=JPN225|55=UKOilF2|267=2|269=0|269=1|10=004|
- Send Collateral Inquiry 35=BB, you will get Collateral report 35=BA, which contains account information
8=FIX.4.4|9=88|35=BB|34=4|49=d101970033_client2|52=20180817-20:17:27.716|56=FXCM|57=U100D1|263=1|909=3|10=203|
8=FIX.4.4|9=361|35=BA|34=5|49=FXCM|50=U100D1|52=20180817-20:17:27.737|56=d101970033_client2|1=01960313|53=1000|336=FXCM|625=U100D1|898=0|901=1000562.37|908=4647057334|909=3|910=0|911=1|912=Y|921=1000562.37|922=1000562.37|9038=0|9045=N|9046=0|9047=0|453=1|448=FXCM ID|447=D|452=3|802=5|523=1960313|803=10|523=d101970033|803=2|523=fix-test138|803=22|523=32|803=26|523=Y|803=4000|10=033|
- For Open positions, send Request for positions 35=AN with 724=0 (positions). You will get position report 35=AP for each open position. If you don’t have open position, you will get “No open positions” in message 35=AO
Sample for open positions request:
8=FIX.4.4|9=149|35=AN|34=5|49=d101968168_client1|52=20151111-21:01:12.396|56=FXCM|57=U100D1|1=01958448|60=20151111-21:01:12.395|263=1|581=6|710=4|715=20151111|724=0|10=085|
Sample for open position.
8=FIX.4.4|9=565|35=AP|34=8|49=FXCM|50=U100D1|52=20151111-20:19:59.929|56=d101968168_client1|1=01958448|11=FIX.4.4:d101968168_client1->FXCM/U100D1-1437981786837-10|15=EUR|37=207486895|55=EUR/USD|60=20150727-07:23:08|325=N|336=FXCM|526=fix_example_test|581=6|625=U100D1|710=4|715=20151111|721=3684204026|724=0|727=2|728=0|730=1.10728|731=1|734=0|912=N|9000=1|9038=260|9040=-21.16|9041=80775478|9042=20150727-07:23:08|9053=0.8|453=1|448=FXCM ID|447=D|452=3|802=4|523=32|803=26|523=d101968168|803=2|523=fix-test112|803=22|523=1958448|803=10|702=1|703=TQ|704=10000|753=1|707=CASH|708=0|10=137|
- For closed positions, please send positions request 35=AN with 724=1 (Trades). You will receive position report in 35=AP
Sample for closed positions request:
8=FIX.4.4|9=177|35=AN|34=6|49=d101968168_client1|52=20151111-21:01:12.400|56=FXCM|57=U100D1|1=01958448|60=20151111-21:01:12.400|263=1|581=6|710=5|715=20151111|724=1|9012=20150311|9014=20151112|10=110|
Sample for closed position.
8=FIX.4.4|9=702|35=AP|34=20|49=FXCM|50=U100D1|52=20151111-21:01:11.936|56=d101968168_client1|1=01958448|11=FIX.4.4:d101968168_client1->FXCM/U100D1-1428599035518-4|15=EUR|37=202027586|55=EUR/USD|60=20150519-03:30:43|325=N|336=FXCM|526=fix_example_test|581=6|625=U100D1|710=5|715=20151111|721=3533878441|724=1|727=13|728=0|730=1.06572|731=1|734=0|912=Y|9000=1|9040=-6.08|9041=78911063|9042=20150409-17:03:56|9043=1.12979|9044=20150519-03:30:43|9048=U100D1_16679142D2EE08ABE053142B3C0A452A_05192015032653174913_QCV-127|9049=FXTS|9052=640.7|9053=0.8|9054=204437509|453=1|448=FXCM ID|447=D|452=3|802=4|523=32|803=26|523=d101968168|803=2|523=fix-test112|803=22|523=1958448|803=10|702=1|703=TQ|704=10000|753=1|707=CASH|708=0|10=042|
- Please set account number on tag 1, 1=00648329 when you place orders. Otherwise you will get error "No Account specified".
- Place market order via 35=D. you will get execution report in 35=8
Open market position:
20160411-06:16:50.909 : 8=FIX.4.4 9=163 35=D 34=7 49=D101546502001_client1 52=20160411-06:16:50.909 56=FXCM 57=U100D1 1=01537581 11=635959630109097564 38=10 40=1 54=1 55=SPX500 59=1 60=20160411-06:16:50 10=054
Sample execution report 35=8
20160411-06:16:51.399 : 8=FIX.4.4 9=478 35=8 34=15 49=FXCM 50=U100D1 52=20160411-06:16:51.177 56=D101546502001_client1 1=01537581 6=2047.53 11=635959630109097564 14=10 15=USD 17=821172034 31=2047.53 32=10 37=225909074 38=10 39=2 40=1 44=2047.53 54=1 55=SPX500 58=Executed 59=1 60=20160411-06:16:51 99=0 150=F 151=0 211=0 336=FXCM 625=U100D1 835=0 836=0 1094=0 9000=1010 9041=89603919 9050=OM 9051=F 9061=0 453=1 448=FXCM ID 447=D 452=3 802=4 523=1537581 803=10 523=d101546502001 803=2 523=Halpert 803=22 523=32 803=26 10=088
- There are two cases of limit order base on TIF and they are different
- Case 1: TIF tag59 as GTC/GTD limit order: it work like entry order, because order will be executed in the future. If long limit price <= Ask.
DEBUG (2016-01-18 21:15:54,015) [QF/J Session dispatcher: FIX.4.4:FXCM/MINIREAL->1601094176_client2] (app) - <<< app message from counterparty: 8=FIX.4.4|9=182|35=D|34=522|49=1601094176_client2|52=20160119-02:15:54|56=FXCM|57=MINIREAL|1=1601094176|11=F029d160118t211554L0015|38=21000|40=2|44=0.68657|54=1|55=AUD/USD|59=1|60=20160119-02:15:54|10=022|
- Case 2: TIF as IOC/FOK. it is executed immediately at market. for buy limit IOC, limit price should >= Ask
DEBUG (2016-01-18 23:15:54,053) [QF/J Session dispatcher: FIX.4.4:FXCM/MINIREAL->1601094176_client2] (app) - <<< app message from counterparty: 8=FIX.4.4|9=181|35=D|34=804|49=1601094176_client2|52=20160119-04:15:54|56=FXCM|57=MINIREAL|1=1601094176|11=F085d160118t231554L0044|38=7000|40=2|44=1.45063|54=1|55=USD/CAD|59=3|60=20160119-04:15:54|10=217|
- Sample programs in C++/C#/Java are here
High Risk Investment Notice:
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. The products are intended for retail, professional, and eligible counterparty clients. Retail clients who maintain account(s) with Forex Capital Markets Limited (“FXCM LTD”) could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Clients who maintain account(s) with FXCM Australia Pty. Limited (“FXCM AU”), FXCM South Africa (PTY) Ltd (“FXCM ZA”) or FXCM Markets Limited (“FXCM Markets”) could sustain losses in excess of deposits. Prior to trading any products offered by FXCM LTD, inclusive of all EU branches, FXCM AU, FXCM ZA, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM AU (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. Our Forex/CFD prices are set by FXCM, are not made on an Exchange and are not governed under the Financial Advisory and Intermediary Services Act. The FXCM Group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action.
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