Disliked{quote} Comes down to individual risk tolerance and parameters. Then there is the old saying of "buy when there is blood on the streets". The show ain't over until the curtain comes down. You don't stop milking the cow thinking it won't produce milk soon, you keep going until it runs dry. etc etc Really didn't like the dirty tricks of MFF with regard to adding burden to the profitable traders and no doubt there will be more at it too but for now if they want to survive when regulation does come they will have already cleaned their act up and probably...Ignored
From the emails that are public, they were trying to bring execution in line with real market and because of the one email with slip to hell or whatever, people are thinking that it was like some magical slippage bot or something. When in reality, as per the emails public, it was 0.1-0.5 slippage on a volume based scale. Which is loosely in line with market conditions depending on the pair.
If you read their discord, around february 2023 they removed that system for VWAP which is actual depth of market.
I suspect this is why there is such a 50/50 split in the community around the actual case because there were inflammatory words but the evidence of what they actually did is contrary to the words. If 0.1-0.5 pips kills your strategy, then you shouldnt be trading because real market conditions, including the two legs of latency (300ms to and from) means you would get way more if executed externally.
The delay mentioned is typical of metatrader brokers to prevent arbitrage trading.
Whilst disclosure would have been nice, i don't see like OMG GET EM levels of manipulation. I do however, see about triple that at thinkmarkets right now on my TFT account and was seeing double or more on 8cap. Also the bigger commissions, which is one of the CFTC's complaints, at thinkmarkets suggests anyone using them better watch out.
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