Dislikedyou sure you seen it with your own eyes or did you just heard about it.Ignored
How my Trading took BIG turn... 75 replies
I Had No Idea I Took So Much For Granted 58 replies
Cash & Carry (Grid) took over 180 pips out of the market yesterday and under 1% DD 1 reply
DislikedIts not ODL.
I agree Pipstar. They could argue stale price, at any time. They shouldnt void trades. I'm sure it wouldnt be a stale price if there was a conflict and i took the loss.
Well, i have emailed them, wanting clarification. I will let you guys know and forexpeacearmy too if a scam. Thats tens of thousands of traders.Ignored
DislikedI have done this for years. Its the 1st time its happened. I would agree with the broker, if they could provide any evidence. But nothing yet. So surely, if they did void trade, they'd have concrete evidence to do so. As they could argue price errror if ever you made a big amount.
Really, if i was them, i would pay me, freeze my ac, and say move on. I'm sure other brokers Pipstar is referring to have done this. In the long-run they lose more than $2k from negative publicity, especially if i could contact other people it has happened to. The net, and especially trading community is a small place.Ignored
DislikedLet's explain a stale price and off quotes for the benefit of all.
- The price you click to enter before a major announcement is NOT a stale price. It is a valid price before the spike. It cannot be stale since the spike has not started and prices have not moved yet.
- It becomes a stale price if you click after the price has moved and your broker's quotes lag. Therefore a stale price is a lagged price. You get off quotes when your broker uses virtual dealer plug in to delay execution by a few seconds.
But brokers like to muddle the waters by calling prices just before and after the spike as stale; thats basically so that they can claim their money back by using this excuse !!! If they did that to me I'd complain to the NFA straight away as long as they are regulated.Ignored
DislikedYou say that you have done this for years in your post above. If you have done this with the same broker and they have always paid up, I would cop it sweet this time if I were you and let this case rest. Win some, lose some. You may well have been flagged and you dont know it yet.
Therefore, what you could do is take no further action, wait for the next news trade and if they play the same trick again you know time's up; you then close your account with this broker and move on.
Keep in mind that you can only trade the spike with a broker for some time. You eventually end up on their radar.Ignored
DislikedHi,
I traded the Aud Employment release last night, and made $2k in profit. Less than 24hrs later they have deducted it from my account. Can they do this?
They are stating that price was wrong. Which it wasnt. I just got in a second or so before the move. Yes i was using autoclick.
I presume if i ended up taking a loss, they wouldnt refund it.
Help
dsb104Ignored
DislikedYea you are right FXCM has just been killed by all the negative publicity they have received on the net and other forums.Ignored