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Darwinex users, how's it going?

  • #21
  • Oct 7, 2016 5:10am Oct 7, 2016 5:10am
Do you mean 800 pips?
I mean 200 pips 2000 pipettes.

Pepperstone reversed my position within minutes which they always do in situations like this.
I telephoned Darwinex and they picked up and hung up before I could even say hello
Speaks volumes.
Price has moved another 210 pips since I contacted them so even if they do reverse it I will be out of pocket as I would have closed it 3 hours ago.
  • #22
  • Oct 7, 2016 5:32am Oct 7, 2016 5:32am
Quoting normtold
I had a position open on GBP/USD and on top of the huge move last night, the spread widened to about 200 pips. Wow!

200pips? I can see that max was about 25 pips.
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  • #23
  • Oct 7, 2016 5:35am Oct 7, 2016 5:35am
Quoting normtold
Do you mean 800 pips? I mean 200 pips 2000 pipettes. Pepperstone reversed my position within minutes which they always do in situations like this. I telephoned Darwinex and they picked up and hung up before I could even say hello Speaks volumes. Price has moved another 210 pips since I contacted them so even if they do reverse it I will be out of pocket as I would have closed it 3 hours ago.

What do you mean by "pepperstone reversed my position"? Did you have short GBPUSD last night?
  • #24
  • Oct 7, 2016 6:02am Oct 7, 2016 6:02am
I had a short position open with a 1000 pip S/L. Price moved about 880 pips but the spread widened momentarily another 200 pips stopping me out.
Because the spread widened so much they reopend my position and I closed it out for a 165 pip loss.

I think the information on Myfxbook will not show if the spread momentarily increases by a huge amount.
  • #25
  • Oct 7, 2016 7:24am Oct 7, 2016 7:24am
Quoting normtold
I had a short position open with a 1000 pip S/L. Price moved about 880 pips but the spread widened momentarily another 200 pips stopping me out. Because the spread widened so much they reopend my position and I closed it out for a 165 pip loss. I think the information on Myfxbook will not show if the spread momentarily increases by a huge amount.
Actually, I can't understand it. If you had 1000pips stop loss it was impossible to stop out even if you had sell stop order somewhere between 1.26 and 1.1918. At pepperstone whole move equals something about 690 pips, so even if max spread was 200 pips and position was opened at the lowest point position can't be stop out (200 pips +690 pips).

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  • #26
  • Oct 7, 2016 3:03pm Oct 7, 2016 3:03pm
Quoting normtold
I had a position open on GBP/USD and on top of the huge move last night, the spread widened to about 200 pips. Wow!
I was on screen when flash crash started. The maximum spread I saw was 25 pips.
  • #27
  • Oct 8, 2016 6:56am Oct 8, 2016 6:56am
Quoting insomniawawa
{quote} Actually, I can't understand it. If you had 1000pips stop loss it was impossible to stop out even if you had sell stop order somewhere between 1.26 and 1.1918. At pepperstone whole move equals something about 690 pips, so even if max spread was 200 pips and position was opened at the lowest point position can't be stop out (200 pips +690 pips). {image}
I bet he confuses pips with points
 
Who invented the word pippetes above?? Some crazy Alvin chipmunk??? 
Beware of robber banks (RB), bad advisors.
  • #28
  • Oct 9, 2016 10:36am Oct 9, 2016 10:36am
Quoting Nabz
{quote} I was on screen when flash crash started. The maximum spread I saw was 25 pips.
Still waiting for confirmation about GBP/USD. Tried telephoning a couple of times Friday afternoon but got hung up on without getting the chance to say anything.
Regarding EURGBP I did get email confirmation from Darwinex that there was a 178 pip spread and 12:09 GMT, when price hit 0.93479 and plus 178 taking it to 0.95254

Just for comparison the highest price went with Pepperstone who I have been with since 2011 was 0.92635.
  • #29
  • Oct 9, 2016 1:03pm Oct 9, 2016 1:03pm
Quoting normtold
I had a short position open with a 1000 pip S/L. Price moved about 880 pips but the spread widened momentarily another 200 pips stopping me out. Because the spread widened so much they reopend my position and I closed it out for a 165 pip loss. I think the information on Myfxbook will not show if the spread momentarily increases by a huge amount.
I don't get it.
1. Did you open short position after flash crash? Because there was no retracement of 880 pips this month. If you entered before flash crash, then your SL shouldn't have triggered even with 200 pips spread as the price didn't go up before flash crash, it went straight down.
2. You also mentioned they reopened position? So you closed the position and Darwinex reopened the position without your consent? I highly doubt it.
  • #30
  • Oct 10, 2016 5:57am Oct 10, 2016 5:57am
You really need to re-read my posts.
  • #31
  • Oct 11, 2016 7:08am Oct 11, 2016 7:08am
Quoting doji
Does anyone know if the spreads are different if one is in Darwinia, as opposed to being just a regular trader? I'm interested in this broker primarily because of their funding offer but I have qualms about their using LMAX as I wasn't too happy with the latter when I was trading with them in the past. TIA!
May I ask you why you weren't happy with LMAX?
  • #32
  • Oct 11, 2016 5:46pm Oct 11, 2016 5:46pm
Hi, timos. I used LMAX around two years ago and if memory serves, their execution lagged, compared to another broker I was also trading with at that time. There was also no way to monitor your trade on MT4 except on your own computer since it needed to be downloaded. I wasn't happy with their customer service as well.

Hope things have changed for the better...
Amor Fati--F. Nietzsche
  • #33
  • Oct 13, 2016 11:40pm Oct 13, 2016 11:40pm
Quoting Nabz
{quote} I don't get it. 1. Did you open short position after flash crash? Because there was no retracement of 880 pips this month. If you entered before flash crash, then your SL shouldn't have triggered even with 200 pips spread as the price didn't go up before flash crash, it went straight down. 2. You also mentioned they reopened position? So you closed the position and Darwinex reopened the position without your consent? I highly doubt it.
Something does not add up!
  • #34
  • Oct 18, 2016 3:41am Oct 18, 2016 3:41am
Quoting doji
Hi, timos. I used LMAX around two years ago and if memory serves, their execution lagged, compared to another broker I was also trading with at that time. There was also no way to monitor your trade on MT4 except on your own computer since it needed to be downloaded. I wasn't happy with their customer service as well. Hope things have changed for the better...
I remember that issue. They send couple of emails staying that there are some issues with MT4. I tried MT4 that time and it was lagging a little bit. Webtrader and MC was fine. As they offering MT4 as additional tool and aiming at more capitalized crowd, not surprised that guys with minimum capital gets minimum attention.

Regarding issue with Darwinex, as mentioned above something does not add up. Cold you post screenshot with that trade?
  • #35
  • Oct 20, 2016 10:29am Oct 20, 2016 10:29am
Quoting doji
Hi, timos. I used LMAX around two years ago and if memory serves, their execution lagged, compared to another broker I was also trading with at that time. There was also no way to monitor your trade on MT4 except on your own computer since it needed to be downloaded. I wasn't happy with their customer service as well. Hope things have changed for the better...
I doubt that.
I never had that issue for years with LMAX.
Regarding support, I had dedicated account manager with his office phone number & email. The responses were pretty fast if you ask me.
  • #36
  • Oct 20, 2016 1:04pm Oct 20, 2016 1:04pm
Quoting timos
{quote} I doubt that. I never had that issue for years with LMAX. Regarding support, I had dedicated account manager with his office phone number & email. The responses were pretty fast if you ask me.
Me as well. LMAX is a very good broker. No bullshitting from them. If you can put up the minimum deposit required for opening an account, go for it. Probably the best overall forex broker at our level.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #37
  • Oct 20, 2016 1:16pm Oct 20, 2016 1:16pm
Quoting Decima
{quote} Me as well. LMAX is a very good broker. No bullshitting from them. If you can put up the minimum deposit required for opening an account, go for it. Probably the best overall forex broker at our level.
They position themselves as an exchange and not a broker.

If you communicate with them and call them broker, they will reply saying Lmax is not a broker but exchange
  • #38
  • Oct 20, 2016 1:27pm Oct 20, 2016 1:27pm
Quoting timos
{quote} They position themselves as an exchange and not a broker. If you communicate with them and call them broker, they will reply saying Lmax is not a broker but exchange
Yup, true. Still...
Do not let the cost of being wrong, exceed the prize of beeing right
  • #39
  • Oct 20, 2016 4:00pm Oct 20, 2016 4:00pm
Do they have MT4? Or do you have to use their platform?
  • #40
  • Oct 20, 2016 4:00pm Oct 20, 2016 4:00pm
Do they have MT4? Or do you have to use their platform?
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