694 pip bad tick in USD/JPY on my demo account | Forex Factory

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Attachments: 694 pip bad tick in USD/JPY on my demo account
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694 pip bad tick in USD/JPY on my demo account

  • #1
  • First Post: Oct 20, 2017 10:25am Oct 20, 2017 10:25am
Anyone experienced same move today?

support answer:

"I do apologise sir, however this movement was due to our liquidity providers and general market conditions at the time"

I'm glad I don't have live account with them.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4-2017-10-20.png Size: 165 KB
Keep It Simple
  • #2
  • Oct 20, 2017 6:14pm Oct 20, 2017 6:14pm
No, there is not such a "liquidity problem" on usdjpy at that time. OctaFx are scammers, leave them... or donate your deposit right now, it will save your time
  • #3
  • Oct 21, 2017 2:04am Oct 21, 2017 2:04am
On M1 chart is this one tick? If so, it could have been easily manually added on server side with the broker, but why on a demo?
My comments are not to be taken as trading advice, not a financial advisor
  • #4
  • Oct 21, 2017 4:31am Oct 21, 2017 4:31am
this type of MT4 broker use virtual plugin software for wipe account

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  • #5
  • Oct 21, 2017 9:01am Oct 21, 2017 9:01am
Stay away from OctaFX. They seem to be extremely dogdy. Just go to FPA and type in "OctaFX", you will find a big number of threads about cheating and scam warnings (slippage, requotes, withdrawal denials / delays, etc.)

http://www.forexpeacearmy.com/commun...105-000.52223/
Inserted Video
  • #6
  • Oct 21, 2017 10:54am Oct 21, 2017 10:54am
xm.com has the same history. pure bucketshop when u r in profitable
  • #7
  • Oct 23, 2017 8:53am Oct 23, 2017 8:53am
Thanks, tick disappeared today from chart.
Keep It Simple
  • #8
  • Oct 23, 2017 9:06am Oct 23, 2017 9:06am
where is their office...maybe someone can shit in a brown paper bag, light it on fire, and ring their door bell...
Look Sharp/Trade Tight
  • #9
  • Oct 23, 2017 12:23pm Oct 23, 2017 12:23pm
Quoting kis
Thanks, tick disappeared today from chart.
You should bring this to the attention of ForexPeaceArmy. They are already up against OctaFX. With their history, they really deserved to be marked as Scam.
  • #10
  • Oct 23, 2017 12:30pm Oct 23, 2017 12:30pm
any idea about tickmill
apparently I cannot register using tickmill UK, only tickmill seychelles
  • #11
  • Oct 23, 2017 1:05pm Oct 23, 2017 1:05pm
Quoting jdieieh
No, there is not such a "liquidity problem" on usdjpy at that time. OctaFx are scammers, leave them... or donate your deposit right now, it will save your time

wrong.... it depends who they are with... and since they are a bucket shop broker, the fees are passed on to the client cos they have to loan the money from the liquidity provider.
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  • #12
  • Oct 23, 2017 1:06pm Oct 23, 2017 1:06pm
Quoting harsiswanto
any idea about tickmill apparently I cannot register using tickmill UK, only tickmill seychelles
they are a scammy broker too.
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  • #13
  • Oct 24, 2017 4:33am Oct 24, 2017 4:33am
Quoting FXCyborg
{quote} wrong.... it depends who they are with... and since they are a bucket shop broker, the fees are passed on to the client cos they have to loan the money from the liquidity provider.
I will repeat, there is no liquidity problem in the market. I cannot see 600p spike on any of my live accounts. The problem is this scammer broker not connected to any liquidity at all and making up prices as they wish. And obviously their wish to to take as much and as fast clients money as possible. 600p spike is very handy at that.
  • #14
  • Oct 25, 2017 5:49am Oct 25, 2017 5:49am
Quoting kis
Anyone experienced same move today? support answer: "I do apologise sir, however this movement was due to our liquidity providers and general market conditions at the time" I'm glad I don't have live account with them. {image}
Dear kis,

Thank for your post.

To clarify, the issue you’re referring to occurred on Friday on our demo server and was fixed within an hour.

All demo traders, especially those who participated in our demo contests have not suffered any consequences as their trades have been fixed.

As you might have noticed since you started trading on a demo account with us a year ago, this is the first time such error occurred.

Moreover, please note that this kind of error could have never occurred on a Real account.

If you need any further assistance you can contact our customer support.

Kind regards,
OctaFX. Rep.
  • #15
  • Oct 25, 2017 5:52am Oct 25, 2017 5:52am
Quoting OctaFX.Rep
{quote} [...]
What about paying this guy his money back?

http://www.forexpeacearmy.com/commun...0.52223/page-5

You should answer there and pay this guy, instead of pretending here that everything is fine.
  • #16
  • Oct 25, 2017 6:25am Oct 25, 2017 6:25am
This is a usual problem of forex brokers. Don't trade CFD if you don't like such a kind of problem. Only the futures are safe because the prices are from the market and not from the broker.
  • #17
  • Oct 25, 2017 6:28am Oct 25, 2017 6:28am
Quoting geo9419
This is a usual problem of forex brokers. Don't trade CFD if you don't like such a kind of problem. Only the futures are safe because the prices are from the market and not from the broker.
This is NOT a "usual" problem of Forex brokers. Never have seen such a spike before, unless it was a massive event like Brexit or so. Honest Brokers don't do such things. Only shady brokers like OctaFX. Also true ECN/STP brokers don't have such problems either, since their prices are 1:1 from market without requotes.
  • #18
  • Last Post: Oct 25, 2017 5:58pm Oct 25, 2017 5:58pm
Quoting jdieieh
{quote} I will repeat, there is no liquidity problem in the market. I cannot see 600p spike on any of my live accounts. The problem is this scammer broker not connected to any liquidity at all and making up prices as they wish. And obviously their wish to to take as much and as fast clients money as possible. 600p spike is very handy at that.
I repeat, it depends who they are with...

There are LOADS of liquidity providers, its not about the market, its about the people who assist the brokers who don't have the capital to back up the trades that are active, so they lean towards the L.P's.

I don't see the spike on any of mine, b'cos I don't trade with bucket shop brokers. I trade with True ECN Brokers linked up to Banks.

Take Tradersway, Forex Brokers Inc, FX Glory, they're bucket shop brokers. Banks wont take them on cos 1. they dont have the capital to start off properly. 2. they're not legally registered.
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