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FXSol slipping price

  • #21
  • Nov 15, 2006 2:53pm Nov 15, 2006 2:53pm
Quoting drcole1
I would say!!! I have been increasingly disappointed in FXSol. I talked to them on more than one occasion about their widened market and slippage. They told me that the Widened market helped them guarantee against slippage !!??????? This certainly has been not the case since I have experienced much slippage. (although still not near as much as I did on GFT)

Plus they widened the spread to 5 on the GBP from 4 without even notifying me or anyone else I know who uses them.

I don't complain either MM, you know that, but they are not the same broker that I started with.

DC

p.s. I will continue to adapt and change so as to dominate.
I was quick to move on with FXSol, after 1 week of trading I closed my account. No one to blame but me, shouldve demoed with them first, i was itching to trade... after FXCM refused to remove their NDD super feature.

Sma
  • #22
  • Nov 16, 2006 4:41am Nov 16, 2006 4:41am
Well, I got slipped 16 pips this morning on retail sales.

Guess it has to happen to all of us eventually.....

So!....anyone had any slippage experience with FXCM?
Capital Preservation is key to long term wealth accumulation
  • #23
  • Nov 16, 2006 4:59am Nov 16, 2006 4:59am
By the way, I emailed them about it as their "Fast Market Policy" states that IF PRICE GAPS, the order will be filled at next price appearence.

Checking the tick charts, there was no gap UNTIL 5 pips past my stop. We'll see what kind of response I get from them.
Capital Preservation is key to long term wealth accumulation
  • #24
  • Nov 16, 2006 5:07am Nov 16, 2006 5:07am
I posted in the Brokers section of the forum that oanda slipped me 30 pips at GBP retail sales. Oanda is not my main broker and I only had a small lot trying them out and I eventually closed the position even. Just goes to show that there are worse brokers out there even though slippage appears to be quite substantial with FXSol also.
  • #25
  • Nov 16, 2006 5:54am Nov 16, 2006 5:54am
you guys or getting slippage on entry orders not market orders right.
If I Go Broke Trying Then I Will die happy.
  • #26
  • Nov 16, 2006 6:30am Nov 16, 2006 6:30am
Mine was a stop-loss on two accounts. My FXCM account stopped out fine.
Capital Preservation is key to long term wealth accumulation
  • #27
  • Nov 16, 2006 8:56am Nov 16, 2006 8:56am
I opened a sell trade on cable today, 2 HOURS BEFORE THE NEWS. I was winning some pips just before the release, so I moved the stop loss at +10 to "lock" them. Stop loss you said? Oanda ignored the stop loss and found it at -20!!!!
30 pips loss. Thank you Oanda! Nice job indeed.

Obviously not a news trade. DO NOT BELIEVE IN STOPS! Not with Oanda.
  • #28
  • Nov 16, 2006 9:09am Nov 16, 2006 9:09am
Quoting MuddBuddha
Mine was a stop-loss on two accounts. My FXCM account stopped out fine.
mudd do you trade on there no dealer desk platform if so how is that thing.
If I Go Broke Trying Then I Will die happy.
  • #29
  • Nov 17, 2006 2:59am Nov 17, 2006 2:59am
MoneyMa$ter - I may be asking a very stupid question but why did you get a margin call because of a 20 pip slippage?
  • #30
  • Nov 17, 2006 12:42pm Nov 17, 2006 12:42pm
Every slip I've ever had has happened when my price was hit and the slip came afterwards. Not a single broker has corrected the issue despite their claim that they will fill at "the next available tick." The worst violator was FXDD. Good luck with this one. I'd be impressed if they did anything about it.

Regards,

stockwet


Quoting MuddBuddha
By the way, I emailed them about it as their "Fast Market Policy" states that IF PRICE GAPS, the order will be filled at next price appearence.

Checking the tick charts, there was no gap UNTIL 5 pips past my stop. We'll see what kind of response I get from them.
  • #31
  • Nov 17, 2006 1:03pm Nov 17, 2006 1:03pm
Quoting Moe
mudd do you trade on there no dealer desk platform if so how is that thing.
To be honest....once I learned about MB/EFX....that is a much better way to go, 100%. Not that the FXCM platform is bad or anything, but MB safeguards your deposits with a backed 14 bond. They also have MUCH better spread rates being offered. I swear at one point this morning, early, that while the JPY was motionless, the spread was identical on BID/ASK. I didn't even see a pippette value. The platform requires more study to master, but in the end, I think it's worth it. If EFX would offer a top-level charting package, that would be the cream on the cake.

If your looking for ECN; which means your serious about trading....at least trade with a broker that takes your money seriously too.
Capital Preservation is key to long term wealth accumulation
  • #32
  • Nov 17, 2006 1:10pm Nov 17, 2006 1:10pm
Quoting stockwet
Every slip I've ever had has happened when my price was hit and the slip came afterwards. Not a single broker has corrected the issue despite their claim that they will fill at "the next available tick." The worst violator was FXDD. Good luck with this one. I'd be impressed if they did anything about it.

Regards,

stockwet
Their response was short and sweet...."Too Bad". I had a few beers...a 32 oz. Ribeye Steak and got over it.
Capital Preservation is key to long term wealth accumulation
  • #33
  • Nov 17, 2006 11:50pm Nov 17, 2006 11:50pm
Quoting stockwet
Every slip I've ever had has happened when my price was hit and the slip came afterwards. Not a single broker has corrected the issue despite their claim that they will fill at "the next available tick." The worst violator was FXDD. Good luck with this one. I'd be impressed if they did anything about it.

Regards,

stockwet

FXDD are one of the worse bucketshops. Have you noticed when you place an order with FXDD that it takes a few seconds to be executed; it's like someone or their system is reading which way the market is going before accepting your order. You get quicker execution when the market moves against you. When it's in your favour, well you receive 'Price has moved' rejection window.
  • #34
  • Nov 18, 2006 3:02am Nov 18, 2006 3:02am
Quoting MuddBuddha
To be honest....once I learned about MB/EFX....that is a much better way to go, 100%. Not that the FXCM platform is bad or anything, but MB safeguards your deposits with a backed 14 bond. They also have MUCH better spread rates being offered. I swear at one point this morning, early, that while the JPY was motionless, the spread was identical on BID/ASK. I didn't even see a pippette value. The platform requires more study to master, but in the end, I think it's worth it. If EFX would offer a top-level charting package, that would be the cream on the cake.

If your looking for ECN; which means your serious about trading....at least trade with a broker that takes your money seriously too.
was you trading on there no dealer desk platform?
If I Go Broke Trying Then I Will die happy.
  • #35
  • Nov 19, 2006 11:04am Nov 19, 2006 11:04am
Yes, sorry I left it out.
Capital Preservation is key to long term wealth accumulation
  • #36
  • Nov 19, 2006 11:54pm Nov 19, 2006 11:54pm
Quoting fxdm1
MoneyMa$ter - I may be asking a very stupid question but why did you get a margin call because of a 20 pip slippage?
I've submitted a variation on your question to FXSol - - - why was I slipped 20 points in the first place and why was a buy executed well shy of my target profit, even though the price was hit. It's important to note that the next price after the "price gap" was well before they executed the margin call. I will let you know the response.

Personally, I believe FXSol simply didn't want to pay the 62 large, which really isn't that much money. But other major firms ($500,000 minimum accounts, one click orders) are courting me so perhaps it's time to move on.
  • #37
  • Nov 20, 2006 12:59am Nov 20, 2006 12:59am
Quoting MoneyMa$ter
I've submitted a variation on your question to FXSol - - - why was I slipped 20 points in the first place and why was a buy executed well shy of my target profit, even though the price was hit. It's important to note that the next price after the "price gap" was well before they executed the margin call. I will let you know the response.

Personally, I believe FXSol simply didn't want to pay the 62 large, which really isn't that much money. But other major firms ($500,000 minimum accounts, one click orders) are courting me so perhaps it's time to move on.
From another group which has ditched FXSOL, and your good self, I think it has been confirmed that finding a better broker is a must.

Good trading
  • #38
  • Nov 20, 2006 3:12am Nov 20, 2006 3:12am
"why was I slipped 20 points in the first place and why was a buy executed well shy of my target profit, even though the price was hit. It's important to note that the next price after the "price gap" was well before they executed the margin call."

I'm glad you noticed that too. I was unhappy with their response as it didn't address the fact that the tick chart showed NO gap until the price hit .xx73.

Still doesn't fit with how they have their "Fast Market Policy" defined.
Capital Preservation is key to long term wealth accumulation
  • #39
  • Dec 8, 2006 10:20am Dec 8, 2006 10:20am
I am trading the news with some success on FX SOL, but on a small account as of now. I have noticed that when I straddle a news release, sometimes my 15 point stop losses (on the loss side) execute at 20 - 25. That may just be the nature of the beast when the market is moving 10 pips/second. However, it still leaves me wishing I had those 10 - 12 pips back.
  • #40
  • Dec 19, 2006 11:13pm Dec 19, 2006 11:13pm
http://neuimex.com/?id=46

Can anyone confirm that Neuimex is leasing the use of the www.currenex.com platform above?
CCI decipherer
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