How bad timing can lead to suspicion vs your broker

Please have a look on a trade i made today.

My broker is fxlite. I made 7 trades, only one loosing for a total of +85 pips not a bad day.

I took a short on £Yen and got stopped at my SL to the pip according to my broker chart. And of course after that the pair reversed until reaching my purchase price to the pip and now is steady.

Well you see my point. WTF, to the pip, my broker is screwing me !!!

Hu not so fast, let's see other charts and trading package.

So here is my chart from fxlite, another chart from MIG and the last one showing Saxobank flow.

You can see that on my chart the highest point is 238.95, on MIG it's 238.94 and on Saxo it 238.96.

So each broker has a different price at this time but they are very close each other.

So the next time you have this issue, review first the other flow before saying things about your trader...

In particular if it's a demo account ^^ (well in my case it was real but that does not matter )

We've also got to put this into perspective that people dont complain about a pip here and a pip there as per your example. It's the unexplained spikes of several pips that are not shown on other broker platforms that create an issue.
How would you feel if your broker spiked the price say by 10 pips to hit your stop loss and this spike is not shown on other platforms?

I doubt that your broker is screwing you. broker pricing varies based on who they have established credit lines with. if they do not have an available credit line with whoever has the best price - you end up paying whatever price they can provide. Check to see how many banks your broker has credit with. FX lite is most likely a small bucket shop without any major credit lines.

That's is what i'm saying. This is not the broker screwing me. It's just bad timing !

As for Fxlite, it is the french branch of FXDD (in fact the contract i have signed is with FXDD )

[quote=melpheos

So the next time you have this issue, review first the other flow before saying things about your trader...

[/quote]

Thank you Melpheos for bringing this up.

I have three small accounts and use multiple monitors. Often I have two platforms running along with eSignal. I was surprised to see how close the different brokers quotes usually are.

I'm sure stop hunting does go on, but not to the extent that most people think. It's not likely that a broker would manipulate price to trigger someone's individual stop loss. The reward would have to be huge. Don't forget, there's always money on the other side of the trade.

Like Melpheos says, if you are suspicious, check a few other feeds. And don't compare to a single pip.