Attached M5 and M1 Chart.
DislikedStock, you know what I really want to see is someone's chart from the same broker. If they manipulate a SINGLE feed, this would be fraud. Regulated or not, they shouldn't be able to manipulate a SINGLE person's feed...this would be highly prejudicial (I mean, think about it...if you're an a$$ to a customer service rep of your broker over chat, they can trigger an artificial drop in price on your feed and stop you out)...they could also prejudice their friends and give them better prices to take out their friend's profit from their other clients...this EXTREMELY disturbing...I think we need to get a price feed from someone of the same BROKER to make sure they didn't manipulate the price for your friend...
just knowing that they could do that (manipulate a single person's feed) is REALLY scary...I mean, we're not talking 1 or 2 pips difference, man...your friend's stop was 20 pips further away...and just because there was volatility from FOMC doesn't explain a 20 pip move that NO ONE ELSE CAN SEE!!!! especially their own clients.
You really need to help us out here...because this would be grounds for a class action suit.Ignored
Disliked..even if they did only make money on the sperad...their the COUNTER PARTY to EVERYONES trade....so when the traders make money.....they LOSE money... What do they do when there are more traders making money than losing money?....simple....turn the winning traders into losing traders by manipulating their feed!!Ignored
DislikedThe point is, not only can brokers and banks stop hunt, they can do it on a client by client basis. I suspect my friend was targeted because of the large lot size. Perhaps we need another thread from some more experienced brokers to discuss trading options for large account holders.Ignored
DislikedLegal reasons????? What legal reasons could you not reveal the broker?????
In any event, you definitely have grounds for fraud...any judge would be willing to give you the benefit of the doubt IF you can prove that you have 2 feeds from the same broker. It's discrimination...and that is 100% completely illegal. Guys, the forex market IS unregulated but make no bones about it, they STILL HAVE TO FOLLOW THE LAWS OF THE UNITED STATES...of course, I just made an assumption that you are dealing with a broker here in the states. If what you're saying is true, then it's possible for any average joe to open up a store called "discriminator's r us" and give everyone different pricing based on whatever the hell they feel like. The feds would be jumping on that in a heartbeat. I'm sure it's technically possible for them manipulate the price feeds per client, but there is no way this is legal. And you DEFINITELY can take them to court on this. Consumer advocacy groups would help you.
Seriously, though...I don't understand what possible US legal reason you could have to protect us against these guys unless you've fabricated the whole thing, at which point you'd be guilty of slander. Is that what we should read into this? I mean, honestly...people post negative reviews of things all the time, and for once, this sounds like probably the most CLEAR CUT negative situation to have. A broker who manipulates values on a per client basis. At this point, you have a lot of people scared to death and are hurting legitimate, legal brokers with this information. Without giving us the guilty party, I'm sure people are just staying away from FXCM...which I suppose you're recommending at this point.
And incidentally, as popular as this board is, there is no legal recourse for just mentioning who you're broker is.
Any lawyers in the house to give this guy some info to help us?Ignored
I'll say this clearly. Stop your ranting. It's my choice whether or not I want to reveal the broker. It's my friend's legal butt on the line, not yours. You can check my reputation on StrategyBuilderFX and MoneyTec. I'm a respected poster. Quit your ridiculous accusations. Your being selfish and rude. Stay with your own broker and you'll be just fine.
DislikedI found a link that gives helpful advice about stop placing and stop-hunting
DislikedIf you want to help, sit back, be patient, get me some more feeds.Ignored
DislikedI suspect my friend was targeted because of the large lot size. Perhaps we need another thread from some more experienced brokers to discuss trading options for large account holders.Ignored