Disliked{quote} Please don't bring this propaganda here. Oanda HALTED all quotes and trading on all CHF pairs for more than 1 hour. "During the Swiss currency crisis, we did not re-quote or amend any CHF client trades": Of course you didn't, no trade could be placed, no position could be closed ! You reactivated the quotes when the CHF was at the top and margin called everybody there.Ignored
To clarify for you, "During the Swiss currency crisis, we did not re-quote or amend any CHF client trades" means that traders who placed trades as the SNB event initiated, were executed at the price they saw, even though we could not get that price from our liquidity providers as no pricing was being offered. Trading was halted very shortly afterwards, as it was for all brokers.
Some brokers will re-quote you to the price that they were actually able to deal on with their liquidity providers, and not the price that was shown. This is known as a re-quote. In this case, if we re-quoted in this situation, the amended fill would have been at the same price that our LP's gave us. However, we honoured the pricing that the traders got in at, and did not re-quote or amend any CHF client trades.
A few posts from members here in this thread do explain this as well.
I should also point out that this situation does outline some of the various risks that are associated with FX trading, and trading in general. It is a good idea in today's market environment to take extra caution as the market conditions dictate.
I do apologize for any miscommunication here.
Cheers,
Disclaimer: Leveraged trading is high risk. Losses could exceed investment.