NASTY Spike on ... thecollectivefx.com - Page 2
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Thread: NASTY Spike on ... thecollectivefx.com

  1. #11
    Collectivefx is a good broker. I doubt that they were stop hunting.

  2. #12
    Quote Originally Posted by ;
    This really happened on the interbank market. It's not stop hunting from the end of TCFX. But, a market wide forced liquidation.
    Can you even bother considering ONE additional data source before you made that claim?

  3. #13

  4. #14
    imagine if you had a sell limit order, hehehe...

  5. #15
    Quote Originally Posted by ;
    Ok it had been fxcm... and I guess this is normal according to them

    Could someone help me ? Is this 52 pip spread (around rollover time), normal?
    MY biggest concern was, how do they know this is normal market activity? I have seen fxcm times, alter beyond chart background, to reflect true market data, after obvious errors. How do they know this is not an error? Just because it is a 52 pip spread, and it is not a 500 pip spread? Is not good enough for me.... And in my case, NO OTHER FEED everywhere has my spike. I asked through discussion like 10 times, the way they knew this was normal activity, and that I couldn't get a direct answer. I asked if they could contact the LP's, and to figure out if there was a error. According to discussion, the LP's are private... and when I wish to work out that screwed me, to google the planet's leading largest banks. What a joke. No wonder they are the world's largest...

  6. #16
    Quote Originally Posted by ;
    MY biggest concern was, how can they understand that this is normal market action? I have seen fxcm, many times, change beyond chart history, to reflect true market information, after obvious errors. How can they know this isn't an error? Because it is a 52 pip spread, and it isn't a 500 pip spread? Is not good enough for me....
    CFX is a true and serious ECN broker; the 18th of july there was a severe difficulty of his liquidity supplier CITYBANK (POWER OUTAGE)

  7. #17
    Quote Originally Posted by ;
    CFX is a true and serious ECN broker
    They are not an ECN, they're STP.

  8. #18
    I have always believed so I want to be here.

    I emailed Gary in TCFX and conversed by phone, and then sent him the essential documented materials he had to look into the rogue quotes as he calls them. Gary contacted liquidity and solved things for me. I did receive the worth of the 3 transaction closures (because of the spike) put into my account. So . . .TCFX . . .acted immediately to make this happen. In short I was happy with the outcome and would consider them as a broker, if what they offered for options, was what I desired.

    Thank you,

    ut2

  9. #19
    Quote Originally Posted by ;
    So, why I really don't see that spike in almost any broker but yours? This have nothing to do with interbank market, first, interbank market could differ from 1 broker to another, second, lack of bandwidth may wide spread 2, 5, or even 10 times, but not 100 times, this is obviously SL hunt. The main reason it occurs at that time is that the explanation of brokers, I've seen it millions of times, 95% of brokers make suggestions like that to steal their clients' money, especially if the client is profitable.

    And if your broker isn't regulated they could lie what they want...
    since you are price stream was padded. Desks do this. It was a MARKET FORCED liquidation.

  10. #20
    Quote Originally Posted by ;
    So, why I really don't see that spike in any broker but yours? This have nothing to do with interbank market, initially, interbank market may differ from one broker to another, second, lack of liquidity may wide spread 5, 2, or 10 times, but not 100 times, this can be obviously SL hunt. The reason it happens at rollover time is that the excuse of brokers, I have seen it millions of times, 95 percent of brokers make suggestions like that to steal their clients' money, specially if the client is profitable.

    And when your broker is not controlled they can lie what they want...
    Also the broker in my chart is citibank, not collectiveFX.

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