Thread: FXOpen AU Discussion

In case your not re-quoted throughout high volatile market conditions they'll immediately shut your order charging the commission

Okay. It is the 2nd time today, since I use this broker.
TP IS NOT TRIGGER AGAIN! While the price has been reached.

2014.08.15 14:12 NZDJPY Long @ 87.200. TP place to 87.275. Order amount: 2908963
The pair's BID Price peak at 15:50 @87.277, however, the TP did not get activate! Precisely the same as last time.

I've been with this particular broker for just 1 month. It happened.

Another problem is the slippage is quite high. Around 50 percent of my order, the slippage is over 1 pips.

Also, there's one time, my Short Stop order's perform price is lower than any BID price I can see on the graph.

I am not judging you in case you're honest or not.
I just want to inform the fact is
WHAT YOU SEE ON THE GRAPH, IS NEVER THE REAL PRICE YOU CAN GET!

Thus frued.

Kevin

Hi Kevin,

on account of this silence of Jafar, I eventually decided to ask again using their trading desk. No surprise, their response was the following:
1. They brought again their Article 6.7. Useless.
2. They gave me a remark that would just apply to the price touching the limit. They (willfully?) Omitted to remark when price goes past the limit. A real ECN must fill any price . Not only at FXOpen(AU) apparently.
3. They explained that the limit was struck during a news report, which excuse doesn't hold because the last time the exact same incident occurred in a slow market.

Frankly, I do not believe they're willing to screw us all over. I just think that their network of LP's is highly unreliable and they keep providing them last-look rejections in their customers' orders, thus the absence of implementation.

In all fairness, FXOpen(AU) has the tightest spreads around. Even they remain one of the cheapest if not the cheapest out there. It's a fact. But take into account their implementation problems, and the missed profit or losses they create, and this competitive edge simply vanishes, which makes them only average at best.

In my case, the missed executions are creating them fall beneath a number of brokers. And when they cannot give me some assurance they're heavily investing in a proper LP network, I'll be switching brokers soon. Consider it.

Originally Posted by ;

Hi Kevin, as a result of silence of Jafar, I finally decided to inquire again using their trading desk. No surprise, their response was the following: 1. They brought up again their Article 6.7. Useless. 2. They gave me a remark that would only apply to the price touching the limit. They (willfully?) Omitted to remark when price goes BEYOND the limit. A ECN should fill any price . Not only at FXOpen(AU) apparently. 3. They told me that the limit was hit during a news report, which explanation does not hold since the last time the exact same incident...

Wow, so much Bullshit at the same time. Please stop bothering FXopen along with us. Thanks

10 minutes ago, 17:06 System time, 6 minutes after the US news. My GBPJPY short order experienced a 6 pips slippage.

Order#: 29185633

Sigh...

Originally Posted by ;

10 minutes ago, 17:06 System time, 6 minutes after the US news. My brief order experienced a 6 pips slippage. Order#: 29185633 Sigh...

Kevin. This is unfortunate but it is legit. Even if it's more likely during news releases, slippage can occur in almost any market.

What is not untrue however, is the absence of execution of our limits. Notably since limit orders in MT4 are technically MARKET-IF-TOUCHED orders.

In ECN's limitation is restrict. It goes to LP as restrict. FXOpen is the ECN. And MT4 this is simply a GUI for this.

Originally Posted by ;

quote Wow, so much Bullshit at the Same Time. Please stop us and bothering FXopen. Thanks

the trader was asking a legit question , so whats your problem don't you want to know or are you a fxopen employee trying to shut up people

Originally Posted by ;

quote Kevin. This is unfortunate but it's legit. Even if it's more likely through news releases, slippage can occur in almost any market. What isn't untrue however, is the lack of implementation of our limitations. Notably since limit orders in MT4 are technically MARKET-IF-TOUCHED orders.

Hello Princeton. Sorry for being out of this forum for a while.

Our ECN is a legit exchange kind of system. In order for your order to be stuffed, there has to be somebody on the opposite end offering the price to you. You don't get filled if there's no one there. Prices on the charts are indiive being the finest BID and ASK prices out there. Whether or not the liquidity is available to satisfy you bears no relation to the price displayed on the chart. If you can be satisfied in the price, you will be but don't be shocked if there's slippage or no implementation whatsoever in some conditions. In the event that you were watching market depth at the time of your order you'd have likely not seen anything accessible at your price.

Your demo is insanely bad, allow me to tell you.
1 The commission is for Advanced demo ECN accounts, maybe not to get $ 1,000
2 The implementation is horrible.
3 slippage is big like the Grand Canyon.
I remind you your presentation or display case is demo account. Demo must be better than real.
Is poor your egy for winning traders.
I have already frightened of FXOpen.
No need you Give me anything else.
In case your free demo is malicious, how is real??