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AUD/USD

  • #98,461
  • Aug 10, 2016 9:33pm Aug 10, 2016 9:33pm
Quoting pipmaster77
{quote} Mine is.7727. You are experiencing classic cheating tactics by another over "regulated" US broker. The only thing the regulations in the US do are hinder a good traders profits, they do not benefit or protect the trader in any way. The brokers under their watch basically do whatever they want.
Thank you Pipsmaster for the answer.
What can I do about it to get back my money?
Can I complain about this abnormal spike?
Or the only way is to change broker?
I just ask Jason Roger in the FXCM thread about this.
Take my view with a pinch of salt!
  • #98,462
  • Aug 10, 2016 9:39pm Aug 10, 2016 9:39pm
Quoting anudora
{quote} Thank you Pipsmaster for the answer. What can I do about it to get back my money? Can I complain about this abnormal spike? Or the only way is to change broker? I just ask Jason Roger in the FXCM thread about this.
Yes, you can put in a ticket, but highly unlikely they will do anything about it. The regulations in the US forced all but 4 brokers out. Some forced out were bad, some were good. They have created a complete sort of monopoly for 3 brokers if you are under 10K account. They are all market makers, it blows my mind, that with supposedly the toughest regulations in the world, we don't even have an ECN offering. They freeze platforms, have random price spikes. They hold the other side of your trade. Then Jason Rogers will come on and copy and paste his canned response about how they don't win when you lose, etc. Yet the website completely contradicts his statements. It's such a horrible situation. I've been offshore for 3 years and recommend everyone do the same.
  • #98,463
  • Aug 10, 2016 9:54pm Aug 10, 2016 9:54pm
Quoting anudora
{quote} Thank you Pipsmaster for the answer. What can I do about it to get back my money? Can I complain about this abnormal spike? Or the only way is to change broker? I just ask Jason Roger in the FXCM thread about this.
if you take screen shots from different brokers and the spike is artificially created you can send to forexpeacearmy website. they deal with fruad brokers and fill an application for court action if they agree with the evidence
  • #98,464
  • Aug 10, 2016 9:57pm Aug 10, 2016 9:57pm
the broker will be put on their scam list and their reputation will be ruined.. Broker will shit themselves
  • #98,465
  • Aug 10, 2016 10:04pm Aug 10, 2016 10:04pm
Quoting pipmaster77
{quote} Yes, you can put in a ticket, but highly unlikely they will do anything about it. The regulations in the US forced all but 4 brokers out. Some forced out were bad, some were good. They have created a complete sort of monopoly for 3 brokers if you are under 10K account. They are all market makers, it blows my mind, that with supposedly the toughest regulations in the world, we don't even have an ECN offering. They freeze platforms, have random price spikes. They hold the other side of your trade. Then Jason Rogers will come on and copy and...
Actually I had my account at FXCM UK. I thought is was regulated by FCA in UK. My account can be hedged but account in US as far as I know is not possible to hedge.
Last time I choose FXCM is because of the low spread. Now my other broker is catching up and provide spread similar to FXCM.
Now with FXCM struggling to pay off their debt, I think in the future, more and more ridiculous spike will occur. This is so sad.
I think I will complain first. Lets see how they deal with it.
Take my view with a pinch of salt!
  • #98,466
  • Aug 10, 2016 10:06pm Aug 10, 2016 10:06pm
Quoting Pip-Miner
{quote} if you take screen shots from different brokers and the spike is artificially created you can send to forexpeacearmy website. they deal with fruad brokers and fill an application for court action if they agree with the evidence
Thank you for the reply Pip Miner.
I will complain with FXCM first. Give them a chance to correct things.
If no action, I will try this.
Take my view with a pinch of salt!
  • #98,467
  • Aug 10, 2016 10:10pm Aug 10, 2016 10:10pm
fxcm is a scammy broker, they're on their last legs now, any more attempts to fraud the public, they're out of the Game.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #98,468
  • Aug 10, 2016 10:10pm Aug 10, 2016 10:10pm
Quoting anudora
Just woke up so see that my AUDUSD short had been squeeze out at the spikey top. I use FXCM broker. I notice that the spike is much higher at FXCM than in other broker platform. Anyone else experience the same spiky top in other broker? What is the highest price at your broker platform? {image}
Same thing happened to me on a EURGBP pending order i had out at the time of the rate cut. Literally grabbed my position to the pip and spiked back down and nailed my stop to the pip. Neither the 1,5 or 15M candles show even a spike in either direction and I compared it to tradingview, the web based trade station, the mobile trade station, MT4, the mobile MT4 and my Oanda acct. I took pictures and got them on the phone to talk shit. Opened a claim. I know they wont do shit about it but im already hunting for a new broker. Might just go back to IB not sure though. Not a happy dude right now
  • #98,469
  • Aug 10, 2016 10:14pm Aug 10, 2016 10:14pm
Quoting anudora
{quote} Thank you for the reply Pip Miner. I will complain with FXCM first. Give them a chance to correct things. If no action, I will try this.
Hey, you should check this thread:

http://www.forexfactory.com/showthread.php?t=8960

The original poster had the same problem as you have.

The best of all, is that you can contact a FXCM representative in that thread.

In fact, here in Forex Factory a lot of brokers have representatives with their own threads.
A good strategy for trading is... the opposite of having a bad strategy.
  • #98,470
  • Aug 10, 2016 10:17pm Aug 10, 2016 10:17pm
Quoting raiders
{quote} Same thing happened to me on a EURGBP pending order i had out at the time of the rate cut. Literally grabbed my position to the pip and spiked back down and nailed my stop to the pip. Neither the 1,5 or 15M candles show even a spike in either direction and I compared it to tradingview, the web based trade station, the mobile trade station, MT4, the mobile MT4 and my Oanda acct. I took pictures and got them on the phone to talk shit. Opened a claim. I know they wont do shit about it but im already hunting for a new broker. Might just go back...
I like FXPRO and XM.

Even when I had an unexplainable loss with FXPRO, if it happens again, I'll get my money to XM.
A good strategy for trading is... the opposite of having a bad strategy.
  • #98,471
  • Aug 10, 2016 10:18pm Aug 10, 2016 10:18pm
Quoting anudora
{quote} Thank you for the reply Pip Miner. I will complain with FXCM first. Give them a chance to correct things. If no action, I will try this.
no worries the industry is still a disgrace. Scammers, fraud brokers, collusion between banks trading ( proven and fined ) . Then you add all the fees not an easy gig
  • #98,472
  • Aug 10, 2016 10:22pm Aug 10, 2016 10:22pm
Quoting PowerTrade
{quote} Hey, you should check this thread: http://www.forexfactory.com/showthread.php?t=8960 The original poster had the same problem as you have. The best of all, is that you can contact a FXCM representative in that thread. In fact, here in Forex Factory a lot of brokers have representatives with their own threads.
Thanks PowerTrade.
Yeah, I know.
The last post on the thread right now is posted by me.
Waiting for Jason Rogers reply while filing my ticket now.
Take my view with a pinch of salt!
  • #98,473
  • Aug 10, 2016 10:22pm Aug 10, 2016 10:22pm
Quoting PowerTrade
{quote} I like FXPRO and XM. Even when I had an unexplainable loss with FXPRO, if it happens again, I'll get my money to XM.
Problem is im in the US so my options are slim. Id love to go to Saxo or perhaps even Pepperstone or some other Aussie joint but no one will touch me thanks to Obama. Im too afraid to go offshore with anything and risk having the shop close up or have the irs on my ass because they think im hiding money.
  • #98,474
  • Aug 10, 2016 10:23pm Aug 10, 2016 10:23pm
that's why i generally avoid placing orders or stops. would rather do them manually. placing stops/orders feeds brokers with info for their algos to use to manipulate the charts.
the peak on my chart shows 7756. but at the point, the bid was 7760. the low was 7796 when the ask was 7788. ridiculous spreads. it's as if it was calculated to take out all the orders at both ends.
  • #98,475
  • Aug 10, 2016 10:47pm Aug 10, 2016 10:47pm
I'm with Pepperstone and Axitrader after a FXCM debacle, I'll never have an A/c with them again
  • #98,476
  • Edited 11:08pm Aug 10, 2016 10:48pm | Edited 11:08pm
Quoting ell3
that's why i generally avoid placing orders or stops. would rather do them manually. placing stops/orders feeds brokers with info for their algos to use to manipulate the charts. the peak on my chart shows 7756. but at the point, the bid was 7760. the low was 7796 when the ask was 7788. ridiculous spreads. it's as if it was calculated to take out all the orders at both ends.
I place SL because of psychology (I may not pull the trigger) and also because I had to go to sleep (Asians time).
Waking up at NZD rate cut announcement would mean I had to wake up at 5am. I am too lazy for that.
Well, that is me.
Take my view with a pinch of salt!
  • #98,477
  • Aug 10, 2016 10:48pm Aug 10, 2016 10:48pm
I had an account with AU FXCM and never again when ever you try and hedge they stop you out.
20 Pips a day keeps centerlink away
  • #98,478
  • Aug 10, 2016 10:50pm Aug 10, 2016 10:50pm
Quoting ell3
that's why i generally avoid placing orders or stops. would rather do them manually. placing stops/orders feeds brokers with info for their algos to use to manipulate the charts. the peak on my chart shows 7756. but at the point, the bid was 7760. the low was 7796 when the ask was 7788. ridiculous spreads. it's as if it was calculated to take out all the orders at both ends.
I am the same I rarely use a sl and do it all manually.
20 Pips a day keeps centerlink away
  • #98,479
  • Aug 10, 2016 10:51pm Aug 10, 2016 10:51pm
i put false stop losses then just close the trade out screws the algos
  • #98,480
  • Aug 10, 2016 11:05pm Aug 10, 2016 11:05pm
Quoting Pip-Miner
i put false stop losses then just close the trade out screws the algos


I can't do that, I don't like to risk more, or less and be stopped out.
A good strategy for trading is... the opposite of having a bad strategy.
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