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Stop searching?
I only wanted to make un conscious of this Spike TCFX had now on AUDCAD. Here's the evidence. Anybody else with this problem now that is spiking on AUD/CAD? Only after 5:00 pm EST.. I really think I have had enough of this spiking.
The Spike dropped to 0.90600 along with the sl was place at 0.90603. Need I say more?
ut2
ROFLMAO!!!
Another bucketshop for my blacklist.
Thanks for posting that here.
Regardless, in my current broker I really don't find any spike.
I am seeing your trading background, this is clearly SL hunting, they've literally stolen your cash, write a complain for your own regulator.
From their page:
Yes, it appears they have learned the lesson.Originally Posted by ;
Edit: they aren't controlled, but sorry my friend, you've lost your cash. You withdraw all of your remain cash and change of broker.
Are you controlled, and if so by whom and where?
We've actually gone to great legal lengths to make sure everything is forthright. The US regulations mandate that any company that is counterparty to client transactions be enrolled.
This was done to protect clients, because when the broker is counterparty to the clients transactions, if the client wins, then the broker has to pay. They would like to make sure the broker can pay the client.
We ourselves are traders, and had no intention of being involved with our clients transactions. We only want to exchange ourselves. Our Brokerage was designed with numerous SEC conscious law firms in the usa, to make sure it's completely legal.
We are never, ever, ever, not even for a minute or a minute, never ever a counterparty to anybody's trades. Don't need to be, don't have to be, and also make sure we never are. All transactions are executed AT the counterparty, in the absolute purest sense of the term. We do not profit from getting in the center of trader's trades.
The bottom line is that we're truly more a COLLECTIVE than the usual BROKERAGE. Following a great deal of study of the legislation involved, we weren't going to say it out loud, but the truth is that enrolling as a FCM is the legal license to profit from a trader's losses.
WE DON'T WANT THAT LICENSE. We abstain. No counterparty for us. And in fact, now we're legally barred from taking another side of our associates' trades.
We feel we're really unique, and there isn't anyone else like us. The reason is they have to be commercial. They have to earn their money by widening the spread, trading from you and trusting you shed, running stops, etc, etcetc..
We can not do some of these things, we aren't permitted to. If we did, then the SEC would shut us down.
So that you aren't controlled, so are my funds secure?
We don't hold your trading funds. Your funds are held by a FULLY regulated Liquidity Provider. They're are all top tier providers, therefore rest assured they are as good as it gets.
Trad3r .... Thanks,
NOTE:
Now get this the Spike dropped to 0.90600 and the sl was set at 0.90603. - Wonderful how they got enough to hit my ceases that Aussie had put! This dropped down all the way and spiked from roughly 0,92400!
Today this sure looks like stop hunting to me. This is a first for me and it really did a lot of harm to me I am pretty upset about it. Will let u know if anyone at TCFX gets me some credit for this from the liquidity provider.
ut2
That is crazy bro. . .if M1 chart is possibly okay for me. .but H1..just crazy
1 Attachment(s) Got screwed today also....
Precisely the same time since you
Will see what happens. Much like us traders are already at.
(to clarify, was another broker)
Ok it had been fxcm... and I guess this is normal according to themGot screwed today also....
Happened same time since you
Will see what happens. Much like us traders are already at enough of a disadvantage, what a joke.
(to describe, was another broker)
Can somebody assist me please? Is this 52 pip spread (around rollover time), ordinary?
Actually, spikes such as this at rollover seem to be more prevalent than you want to trust. Additionally seems specific to Citi Bank who's their liquidity provider. Just had a look at the chart on Jade and it seems they had the same spike of about 160 pips(in addition they with Citi Bank).
You can be unhappy about the broker, however they're often at the mercy of their Liquidity Providers.
Jade(or Citi rather) went through a time of similar spikes on the EURCHF about a month ago where I watched 29 pips after and a freind of mine said that he saw 60 pips.
Regrettably these are some of the realities we deal with. The top is to pull from this market before rollover, or remove your stops before the market settles down afterwards.
This actually happened about the interbank market. It isn't stop searching from TCFX's end. However, a market broad forced liquidation.
I dont believe people stating'bucketshop' are correct here. When a broker is stophunting then they'd surely be more discreet and transfer it by a few pips, maybe not like this.
It will be interesting to understand how they deal with this. Surely it is a wrong price and therefore will probably be reversed? I dont see this price action on my chart so needs to be a finger error?
So, why I don't see that spike in almost any broker but yours? This have nothing to do with interbank market, first, interbank market may differ from one broker to the next, next, lack of bandwidth may wide spread 2, 5, or 10 times, but maybe not 100 times, this is clearly SL hunt. The reason it occurs at that time is the explanation of brokers, I have seen it countless times, 95 percent of brokers make tricks like this to steal their clients' cash, especially if the client is profitable.
And if your broker isn't regulated they could lie what they need because nobody is going to demonstrate they are lying.
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