I have two FXCM accounts and one Forex.com account.
Today, I just experienced a price spike.
On all three brokers, I was shorting CHF/JPY and had moved my stops to 83.754 and 83.690 for the two FXCM accounts
At 605pm (EST), the following occured:
One FXCM platform spiked to 83.780, thereby taking out my 83.754 stop.
The other FXCM platform spiked to 83.756, thereby taking out my 843.690 stop.
However, At 605pm (EST), other Forex.com has 83.634 as the high with no abnormal spike.
It would appear that FXCM Micro is intentionally spiking price action to hit stops.
I had only read about this before and did not believe it.
And I am not complaining about losing money because I actually made money.
The issue is confidence in FXCM's trading platform as well as ethical business practices.
Also, the two FXCM accounts reside on two different servers.
One on "MINIREAL8" the other on "MICROREAL02"
So, at 605pm (EST), on a 5min bar, why do two servers at the same broker have two different prices? (ie. 83.780 and 83.756 as highs)
Here are some screenshots:
FXCM server "MINIREAL8" - CHF/JPY price at 605pm (EST)
http://www.screencast.com/t/YjZiNjIwMzMt
FXCM server "MICROREAL02" - CHF/JPY price at 605pm (EST)
http://www.screencast.com/t/MTVjMTEyNj
Price at compared to Forex.com:
http://www.screencast.com/t/ODE4OWVlY2
Thoughts and feedback are appreciated.
Today, I just experienced a price spike.
On all three brokers, I was shorting CHF/JPY and had moved my stops to 83.754 and 83.690 for the two FXCM accounts
At 605pm (EST), the following occured:
One FXCM platform spiked to 83.780, thereby taking out my 83.754 stop.
The other FXCM platform spiked to 83.756, thereby taking out my 843.690 stop.
However, At 605pm (EST), other Forex.com has 83.634 as the high with no abnormal spike.
It would appear that FXCM Micro is intentionally spiking price action to hit stops.
I had only read about this before and did not believe it.
And I am not complaining about losing money because I actually made money.
The issue is confidence in FXCM's trading platform as well as ethical business practices.
Also, the two FXCM accounts reside on two different servers.
One on "MINIREAL8" the other on "MICROREAL02"
So, at 605pm (EST), on a 5min bar, why do two servers at the same broker have two different prices? (ie. 83.780 and 83.756 as highs)
Here are some screenshots:
FXCM server "MINIREAL8" - CHF/JPY price at 605pm (EST)
http://www.screencast.com/t/YjZiNjIwMzMt
FXCM server "MICROREAL02" - CHF/JPY price at 605pm (EST)
http://www.screencast.com/t/MTVjMTEyNj
Price at compared to Forex.com:
http://www.screencast.com/t/ODE4OWVlY2
Thoughts and feedback are appreciated.
.:"If you do square work, you do not cut corners":.