This same spike showed on FXDD MT4...
Chart spike filter? 5 replies
CAD/JPY chart spike 5 replies
300 pips spike on my chart 12 replies
DislikedJust got this email from them:
"On September 15, 2008, there were some price spikes on all NZD currency pairs that originated from one of the institutions that we contract with for pricing and trade off-set.
The prices provided flowed correctly through our system. As indicated in our risk disclosure and customer agreements, one of the risks associated with trading Forex is that there is no central exchange. As in this case, this can result in prices that are not in line with prices being presented from other sources. "
So be warned, they are saying they don't have to make good on any trades you had stopped out due to this sort of thing.Ignored
DislikedSo be warned, they are saying they don't have to make good on any trades you had stopped out due to this sort of thing.Ignored
DislikedJust got this email from them:
"On September 15, 2008, there were some price spikes on all NZD currency pairs that originated from one of the institutions that we contract with for pricing and trade off-set.
The prices provided flowed correctly through our system. As indicated in our risk disclosure and customer agreements, one of the risks associated with trading Forex is that there is no central exchange. As in this case, this can result in prices that are not in line with prices being presented from other sources. "
So be warned, they are saying they don't have to make good on any trades you had stopped out due to this sort of thing.Ignored
DislikedWow. Thats scary. Running a forex broker is like getting a license to steal....Ignored
Dislikedwell spikes like this happen all the time in hindsight from corrupt data feeds.... i've never seen one this bad in real trading....
why not open charts from other MT4 brokers and compare? if they all spike, it's legit. if not, you have a valid complaint and they will likely give you your money back.Ignored
DislikedIFX had the price spike to 1.3249 on 15.09.08. Their quoted high for the day was 1.3249 and the low was 0.6496. The chart on their platform also shows this spike.
They also had a price spike to 1.3370 on 18.09.08 with low for the day at 0.6632.Ignored
DislikedOuch. This spike that just happend caused a margin call on my account. My balance now shows negative. This is my LIVE account.
Hope IBFX fixes it.
http://forexnewstrade.com/nzdchf-wtf.jpgIgnored