Broker Price Manipulation? - Page 4
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Thread: Broker Price Manipulation?

  1. #31
    Cartoxxa
    Guest
    FXCM fixed my earlier stopout from the ghost 08:35 spike that was GBP. As suggested, I called and told them what happened and afterwards when I got in at midnight, they'd already correctly corrected the amount in my account.

    Thanks

  2. #32
    I've Begun to Explore CMS. I have heard some excellent things about it. I'll post a few reviews after I play with it a bit.

  3. #33
    Cartoxxa
    Guest
    FXCM fixed my previous stopout from the GBP phantom 08:35 spike. As suggested, I called and told them what happened and later when I got in at midnight, they had already properly adjusted the quantity on my account.

    Due

  4. #34
    Qoaxy.Desrk
    Guest
    Yes CA I've seen this lots of times with FXCM and have resorted to use an independant charting package just like metastock... its the only way your going to weed out the price fixing. Though FXCM promise to not earn market they still to.... In the event you become caught again you have to ring afterward pronto to let them know your charts never exchanged there and demand a refund. . They are normally pretty good about it if you ch them out.



    Quote Originally Posted by ;
    Just wondering if anybody who deals with FXCM believes this might be an issue? I have recently started placing straddle trades with them using entry orders and I've had no problem getting my orders packed correctly.

    This afternoon, I put a straddle trade with ENTRY ORDERS in the GBP/USD. I utilized FXTrek II Charts for this (these will be the charts supplied by FXCM and also have a direct feed from FXCM). I also have two different sets of charts, one from MetaTrader and another from CFG. According to my FXCM trading platform and FXTrek II charts, at roughly 08:31 (EDT) the market dipped roughly 47 pips to 1.8313 triggering my SELL order. Within about 30 minutes, it then spiked up nearly 100 pips, stopping out my SELL ORDER and triggering my BUY ORDER. According to my MetaTrader and CFG Charts, the first dip to 1.8313 never occurred, therefore my SELL ORDER should never have already been triggered. I am really bothered by this. It makes me think that FXCM is manipulating the prices and deliberately operating stops. Is there anybody else here that trades with FXCM, and in particular, traded a straddle this morning or before, who's had this problem? Any comments will be appreciated. Even if you exchange with another broker other than FXCM, I would like to get your input too.

    Thanks.

    CA1961

  5. #35
    jttoaxnwSjN
    Guest
    Is there and customer review?

  6. #36
    My sell order was not struck, but my buy order was gapped over. Not known at all by the working desk. Since I saw the price increase I kept thinking that my order would be put in my entrance price. Nothing happened. You know the way your order changes color when it's recognized but not yet placed into the Open Orders window. That didnt happen... on the road upward. And I kept waiting for my order to be recognized.

    Well it had been recognized, but on the way down. I got out with only -2. I really have no ground to stand on because my order existed within their records except when it had been hit on the downside.

    LOU

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