How easy is it for a broker to stop hunt

This is a discussion on How easy is it for a broker to stop hunt within the General Trading Chat forums, part of the Reception category; I agree this issue exist and should be publicised, but at the same time I found this video a bit ...

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Old Feb 18, 2012, 1:42pm   #106
 
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Re: How easy is it for a broker to stop hunt

I agree this issue exist and should be publicised, but at the same time I found this video a bit unreal.
I am able to believe that there might be some SYSTEM that manipulates the orders or sth but I find this to be weird that someone manage this do this from the interface of MT4. So maybe for every retail trader there is someone at the brokerage who takes his trades and decides how to cheat him... right. It looks like an advert of the plug-in. A conspiracy theory about MT4 like the ones about 9/11 on YT. But I agree its reliability is rubbish.
Just my thoughts
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Old Feb 18, 2012, 2:29pm   #107
 
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Re: How easy is it for a broker to stop hunt

Quote:
Originally Posted by tuscan View Post
I agree this issue exist and should be publicised, but at the same time I found this video a bit unreal.
I am able to believe that there might be some SYSTEM that manipulates the orders or sth but I find this to be weird that someone manage this do this from the interface of MT4. So maybe for every retail trader there is someone at the brokerage who takes his trades and decides how to cheat him... right. It looks like an advert of the plug-in. A conspiracy theory about MT4 like the ones about 9/11 on YT. But I agree its reliability is rubbish.
Just my thoughts
Your Broker according to the BBC is your BITCH. He is there to take your money regardless of how astue you are with it. I threatened to dive up to London and shoot him unless he gave me a refund, it worked.
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Old Feb 18, 2012, 10:56pm   #108
Joined Oct 2006
Re: How easy is it for a broker to stop hunt

Quote:
Originally Posted by tuscan View Post
I agree this issue exist and should be publicised, but at the same time I found this video a bit unreal.
I am able to believe that there might be some SYSTEM that manipulates the orders or sth but I find this to be weird that someone manage this do this from the interface of MT4. So maybe for every retail trader there is someone at the brokerage who takes his trades and decides how to cheat him... right. It looks like an advert of the plug-in. A conspiracy theory about MT4 like the ones about 9/11 on YT. But I agree its reliability is rubbish.
Just my thoughts
This could have been swept under the carpet a year or two ago. However quite a few brokers have now been fined for doing exactly the things shown in the videos. Just google FXCM fine, Ikon fine and Gain Capital fine.
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Old Feb 19, 2012, 2:20pm   #109
 
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Re: How easy is it for a broker to stop hunt

Like changing historical candlesticks also ?
I don't question the fact that they are "cheating".
Just hard to believe from technical point of view , when broker has 300.000 customers I'm wondering how many operators like on this video are there to manage manually all this
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Old Feb 19, 2012, 4:20pm   #110
Joined Oct 2006
Re: How easy is it for a broker to stop hunt

Quote:
Originally Posted by tuscan View Post
Like changing historical candlesticks also ?
I don't question the fact that they are "cheating".
Just hard to believe from technical point of view , when broker has 300.000 customers I'm wondering how many operators like on this video are there to manage manually all this
I suppose they don't have to rip off everyone. FXCM took several million dollars off customers with their asymetric slippage practices so I suppose they can make good money without having to spread it out over all clients.

Last edited by pboyles; Feb 19, 2012 at 4:36pm. Reason: corrected to several million dollars
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Old Feb 20, 2012, 1:17pm   #111
 
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Re: How easy is it for a broker to stop hunt

Anyway, that would have been sort of a department
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