Broker Price Manipulation?
Just wondering if anyone who trades with FXCM believes this might be a problem? I have recently started placing straddle trades together using entry orders and I have had no problem getting my orders packed properly.
This morning, I put a straddle commerce with ENTRY ORDERS from 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 2 other sets of charts, one from MetaTrader and yet another from CFG. In accore with my FXCM trading platform and FXTrek II charts, at roughly 08:31 (EDT) the market dipped roughly 47 pips to 1.8313 tripping my SELL order. Within about 30 seconds, it chased up almost 100 pips, stopping out my SELL ORDER and tripping my BUY ORDER. In accore with my MetaTrader and CFG Charts, the initial dip to 1.8313 never happened, therefore my SELL ORDER should never have been triggered. This really disturbs me. It makes me believe that FXCM is manipulating the prices and deliberately running stops. Is there anyone else here that transactions with FXCM, and in particular, traded a straddle this morning or in the past, who has had this issue? Any comments would be appreciated. Even if you trade with another broker other than FXCM, I would like to get your input too.
Thanks.
CA1961