Huge USDCHF Spike Down on my Broker's MT4

Hi, I have just had a USDCHF position stopped out with a huge spike down.

It is a lot bigger spike than any of my other platforms.

Is this the games Vantage FX play , It looks like I need a new broker !!!

Edit. did anyone else get the same size spike from any other live MT4 provider ?

I'm on Oanda and had the same thing - but it did the same on most al CHF pairs - what gives??? Fortunately I wasn't in any open positions on that pair.

If you look on the Oanda thread someone got filled long at the low of the spike and made a profit ...... see post #2584

That was until Oanda busted there trade ..

So the brokers win both ways yet again ...............

At work right now, but my Forex On The Go MT4 spikes down to roughly 0.08755. yowza!

From Oanda

Our FXTrade system was provided with invalid pricing data (a situation known as a rate spike) for the following currency pair(s):

- USD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- EUR/CHF, from September 20, 2011 5:02:13 PM EDT to September 20, 2011 5:06:08 PM EDT
- NZD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- AUD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- CAD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- SGD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- GBP/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:05:17 PM EDT

Explanation: Invalid pricing for CHF currencies from multiple banks

When any trades take place during a rate spike, our system must reassess all trades that may be related to the spike (as well as certain standing orders and open trades). This reassessment requires that these trades and orders be closed, with new ticket numbers issued to reinstate the valid trades and orders.

The invalid pricing data triggered the adjustments to your account {Personal information removed} listed below. We tried to reinstate trades and orders to match your intentions, but please review the following details at your earliest convenience and check your account.

If you have any questions or concerns, please go to http://fxtrade.oanda.com/support/tro...ort_form.shtml and fill out a bug report to the OANDA Customer Service department.

Regards,
The FXTrade Team
OANDA Corp.

Thanks for that , I now have proof that it was a bad data spike , I will now ask Vantage for the trade to reinstated.

http://www.cnbc.com/id/44601008

Hi Ianp

Yesterday we requested the correct tick data from our liquidity providers and we can confirm that the spike on the USD CHF was cause by bad tick data. We are currently in the process of reinstating those trades that were affected by the bad price spike on the USD CHF.

Many thanks for your prompt updates.

If there any further questions please email me at [email protected]

Kind regards

Vantage FX

Good news , VantageFX has done the right thing and put my account back to where it would have been ..

So Thankyou VFX...

Anybody had a 300p spike on GBP/CAD at the 20 Sep evening?