Disliked{quote} I tell myself to be realistic, Forex bucket shop brokers are here for one thing, my money. I don't really care about SL hunting, because I hold positions for weeks. I learned a while back that a SL is useless with a bucket shop, you can't compete with daily 50+ pip spikes. Sir, please tell me why a bucket shop would not want to feed irregular price spikes? When a bucket shop has a dynamic spread that spikes with price, would it not be advantageous for a bucket shop to feed the highest and lowest prices instantly? I understand that you feel...Ignored
You've left out some critical info in your example. It appears the pair you're showing is the Gbp/Nzd for October 15th. At that time there was a high impact news release on the Kiwi (5:45 EST). So not exactly "50-100 pip spikes (spreads) for nothing through the day" . Oanda is clear on their site that their spreads widen during news time. They even have a table to show their spread history over the past month, and yes, the spread on that pair was about 39 pips at that time.
Now that type of spread is too wide for my tastes and one reason I don't use Oanda. But that's far different from the paranoid view of some that their Broker is "hunting" their individual stops.
I'd like to see an example of such a spike during "normal" market conditions.