Attachments: spike 240pips 15mm after GBP Official Bank Rate

spike 240pips 15mm after GBP Official Bank Rate

#1
First Post: Aug 3, 2018 11:00pm Aug 3, 2018 11:00pm

FlyRAmboo
| Joined Aug 2012 | Status: Trader | 16 Posts

Hi,
any one have noticed big spike on GBPAUD (almost 270pips ) and GBPCAD (almost 180 pips )15 minutes after GBP Official Bank Rate on Thursday 02-08-2018 ?
this was on FXOpen UK - broker platform. i haven't seen such a spike at any other broker. lucky i did not have opened positions with SL on those Pairs.
please give me your thoughts .
img attached.

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#2
Aug 4, 2018 1:20am Aug 4, 2018 1:20am

gezis
| Joined Dec 2014 | Status: Trader | 264 Posts

Quoting FlyRAmboo

Disliked

Hi, any one have noticed big spike on GBPAUD (almost 270pips ) and GBPCAD (almost 180 pips )15 minutes after GBP Official Bank Rate on Thursday 02-08-2018 ? this was on FXOpen UK - broker platform. i haven't seen such a spike at any other broker. lucky i did not have opened positions with SL on those Pairs. please give me your thoughts . img attached. {image} {image}

Ignored

Broker doing dirty work,i.e wiping ppl's positions

#3
Aug 4, 2018 1:38am Aug 4, 2018 1:38am

FlyRAmboo
| Joined Aug 2012 | Status: Trader | 16 Posts

this is what i think, but first want to ask people if any one have notice this on his account may be the same broker or different one.
FxOpen UK, claim is true ECN broker, so i would expect is not manipulating price.

can this be result of any thing else not the broker intervention in price ? still want to believe in this.

#4
Aug 4, 2018 2:37am Aug 4, 2018 2:37am

Neil0163
Joined Jul 2017 | Status: Active member | 1,655 Posts

Quoting FlyRAmboo

Disliked

this is what i think, but first want to ask people if any one have notice this on his account may be the same broker or different one. FxOpen UK, claim is true ECN broker, so i would expect is not manipulating price. can this be result of any thing else not the broker intervention in price ? still want to believe in this.

Ignored

This happened on a lot of UK broker platforms, long shot off but maybe something to do with new 1:30 leverage I herd that going around.
Either way its manipulation I use Talinex (ECN broker) and the only spike I had on all GBP pairs was to the top taking out longs before crashing down.
I cant fault Talinex as a broker they have been brilliant even if I had a question or slight misshap its gets sorted fast and effective.

#5
Aug 4, 2018 3:25am Aug 4, 2018 3:25am