Caught FXCM Cheating Virtually 15 Minutes Ago

Barramundi

Active member
208 34
We're talking about a lot of What If's, and complex situations will each be given the proper attention they deserve. What's important is that the proper adjustment is made so that the bad tick has as little impact as possible on your account.

Jason
Agreed, and thanks for the clarification.
 

anley

Senior member
2,730 229
For the average retail punter I think there are only 2 choices -

1. IB (minimum deal size of $20k which might be too rich for many), or
2. Oanda (don't know wht their minimum would be but I think it would be cheaper than IBs).

All the others (as I believe) don't come close to the ones above.

Now, if you were to open an account with Oanda and you find your stops keeping getting hit before the market makes the move you were expecting, don't blame Oanda, blame yourself for putting them in the spots where they boys know you and many others are hiding out. The boys specialise in taking candy from kids. And when I say the 'boys' I don't mean anyone connected with the online retail brokers.

So here's a novel idea for you all - only trade when there's clear evidence the stops have been taken out. Yes, that will cut down on many (possibly) successful trades but that's a good thing. Trade less and make more is oten a good creed to live by in this game........Good luck :)
 

MajorDutch

Established member
866 86
why on earth would you use a broker that has been fined in the past for price manipulation. geez you really know how to stack odds in your favour lol. I use IG index for my chump change tardes and I have NEVER seen any evidence of them tampering with prices and I have been using them for at least 3 years. Price manipulation is common place by the larger players in the market (not broker) so tbh if you are a bucketshop you can just let punters place their bets with tight stops, take on the 'risk' yourself and collect the cash, no need to play fast and loose with the price. even then it seems some brokers get greedy and keep going for the home run.
 

Barramundi

Active member
208 34
why on earth would you use a broker that has been fined in the past for price manipulation.
Which company are you suggesting has been fined for that? If I recall correctly, Gain was fined almost half a million for price manipulation, but FXCM has only been fined in relation to not passing on positive slippage in the U.S?
 

anley

Senior member
2,730 229
If you want to find out which ones have been fined, look at the brokers that make a big song and dance about how they're big time 'award winners'.

Cynical but probably true. Personally 'award winning' companies scare me these days as all these awards are nothing but a massive marketing circle jerk which means the companies are big on marketing. Often the best companies are those with little marketing, they let their clients do the marketing for them or have such great products/services they don't need to market that much.
 

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