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How to get EBS and Reuters platform

  • #21
  • Aug 10, 2012 11:23am Aug 10, 2012 11:23am
Quoting jeuro
Hello Midnight.
I am guessing you did not read my answer to you in my post? Nor you have watch the you tube yourself?.

I know they got fined... I know how they do it. ..But VDPs do not manipulate prices... they just hold orders (delay them)...thus, they do not give you the "best" price available. Do you understand the difference??

The broker is not manipulating anything... several prices already exist in the market all the time . They should give you the best one... but They didn't.

All between 1 or 2 pips range. Of course is...
I read your post and watched the clip. I even have a copy of that clip. I understand what you are saying but think about this. The dishonest practices fxcm used included flash trades also known as stop hunting. Thats the word they used in the class action. I copied this from the below link:

"Flash Trades: Defendant, in a practice known as “stop hunting,” manipulates the market price of the traded currency, including printing bogus “flash trades” which move the “market” to trigger the customer’s stop order for a given trade, essentially closing the customer out of that trade;"

The full details of the law suit can be read at:
http://forexmagnates.com/full-detail...s-action-suit/

Anyway my point is fxcm.com and forex.com are deceitful and fraudulent businesses.
  • #22
  • Last Post: Aug 13, 2012 2:11pm Aug 13, 2012 2:11pm
Quoting midnight
They manipulate the prices using a virtual dealer plug in.
Hi Midnight,

FXCM has never used the virtual dealer plugin in our MT4 platform. With NDD forex execution, FXCM receives prices from 10+ liquidity providers, and the best bid/ask price is then displayed on the platform along with FXCM’s pip mark-up. The pricing is automatically determined through price competition from multiple liquidity providers and not by FXCM.

Quoting midnight
Dont go with fxcm.com and forex.com
They have both been fined for manipulating the prices for their benefit. Its in many news articles and also wikipedia.
Again with NDD forex execution, the best/bid ask price is automatically shown from the liquidity providers with our pip mark-up and not within the control of FXCM. Regarding the previous fine, we have always been transparent in explaining what happened which can be found here: http://www.forexfactory.com/showthre...83#post4867883

Quoting midnight
The dishonest practices fxcm used included flash trades also known as stop hunting. Thats the word they used in the class action.
That case was dismissed in November of 2011. I’m always happy to help with questions pertaining to FXCM and our discussion thread can be found here: http://www.forexfactory.com/showthread.php?t=8960

Jason
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