Can a broker execute a market order 1 minute 11 seconds after one clicked the price?? | Page 2 | Forex Factory

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Can a broker execute a market order 1 minute 11 seconds after one clicked the price??

  • #21
  • Oct 25, 2007 9:09pm Oct 25, 2007 9:09pm
Quoting billflet
Market orders are filled at market price, which can be anything at news time. I'm glad you got refunded but that's probably the exception rather than the rule. Even if your broker fills your market order instantaneously, it may be far from the price shown on your screen. You are not the only one watching that spike or the only person clicking your mouse in that instant. Placing market orders during a news event is sticking it out on the chopping block.
Always was and always will be.
I don't think the issue here is whether or not you could get screwed placing market orders during news. We all know that you could. The issue is that if the broker is allowed to REPORT a confirmation over a minute after it occurs, they can make up any execution price that is convenient for them. That is the issue.
  • #22
  • Oct 25, 2007 10:02pm Oct 25, 2007 10:02pm
A crook. Drop them immediately and TELL US who it is.
I've had that same bad experience with "Trade Station."
  • #23
  • Oct 25, 2007 10:06pm Oct 25, 2007 10:06pm
Quoting dominicanosrus
I don't think the issue here is whether or not you could get screwed placing market orders during news. We all know that you could. The issue is that if the broker is allowed to REPORT a confirmation over a minute after it occurs, they can make up any execution price that is convenient for them. That is the issue.
Your right, I wandered from the point of the thread. They should confirm quickly. Even if it is 60 pips from what you saw on your platform.
  • #24
  • Last Post: Oct 29, 2007 10:54pm Oct 29, 2007 10:54pm
Quoting merlin
yes its absolutely legitimate. when you toss out a market order during news, thats similar to spreading your buttcheecks in jail

learn the market mechanics!!!
Thanks Merlin the 'buttcheeks' made my day
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