tar
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Here's an example of mod's independency , apparently i have to quote it 10 times :
Here's an example of mod's independency , apparently i have to quote it 10 times :
C
cablemonster
I am sure you can hide behind a fake Belgian IP address in North Korea. It's not that warm but it is supposed to be heating up.
Yes exactly, if they are applying a similar amount of logic to their trading, no wonder they're desperate to blame the brokers, and then attack the mods for defending the evil bast@rds.
the hare
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You are not independent, you are enforcing a bunch of rules that someone else created. Those rules are broadly in everyone's mutual interests, but don't delude yourself that you are acting independently.
If I where to post a load of kiddie porn on the site, and all of the mods decided not to enforce the rules, and to turn a blind eye, that would be an example of independence.
A moderator making a general criticism of brokers, in the absence if any sort of official rule about what can and cant be discussed about brokers isn't an example of anyones independence.
This whole thing is a mess anyway because no one ever knows if a moderator or staff member is posting as an individual, or if they are posting in their moderator role, I guess it provides rather convenient deniability if and when needed.
An explanation of asymmetrical slippage can be found here.
http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=2461
It is clearly stated that such practices caused losses to clients. Gone are the days when Tar and his likes could proclaim 'don't blame your broker for your losses'.
http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=2461
It is clearly stated that such practices caused losses to clients. Gone are the days when Tar and his likes could proclaim 'don't blame your broker for your losses'.
tar
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tar
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Ofcourse it is , that's the core of the issue here in this thread wasn't it ? And it wasn't in general , check the list of the OP .
the hare
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Presumably, when you became a moderator, someone from t2w provided some sort of guidance to assist you in undertaking that role ?
If they had not done so, and left you to your own devices, it might be argued that you where moderating independently.
The moment someone provided guidance, and informed you of the guidelines that they wanted you to impose, you lost all independence. You became their tool.
tar
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Interpreting the rules is a total different issue ...
The thread was about "they only accept trades that go against me" - not about asymmetrical slippage - you included that.
So you agree that never in the history of the MT4 brokers listed, has a successful trade ever been opened on a limit order - this is what the OP is claiming. I think even he realized the ridiculousness of his statement, that is why he's been asking for the thread to be closed ever since - it's just you broker haters that need to catch up.
I think IG struggle with slippage. The thin stuff (some stocks & gold) you get slipped big time ($10 in gold, few pence or cents in stocks).
Never noticed any positive slippage.
I used to call up and they'd put me through to some kid who would give a list of reasons why I'd been slipped so extravagantly.
Figured they only made a few hundred million last year. Tough times.
But it's not just "us" (retail) I've written cheques to Knight Capital for £20,000 comms tickets. It's endemic throughout the industry no matter what your "size".
Brokers are just trying to fight their "edge" like you are yours.
ZEN archer
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Two way business. Commissions. The difference between retail and the underlying market price. They do this because they can. To be fair I've been slipped in gold and silver and they are legitimate slippages the majority of the time.
There was a semi blackswan event overnight on the S&P and I remember I had a ftse position with CMC. Because they price off the S&P futures. Their ftse price dropped around 100 points more than the underlying market. I got stopped out at the exact low after it had rallied 100 ticks about 5 minutes after. To be fair to them, they reinstated my position, but once your balance goes into negative they have free reign to go nuts. I like CMC though. Every trade goes straight through no problems.
I thought it would get better when it was all automated, but these virtual dealer plugins are beyond what's needed to run a legitimate Mt4 business.
I've worked at these places before. You don't make money off the one time punters. You make all your money off the repeat punters who want to trade with you because you're not trying to screw them over. IG are just lucky in that they are way advanced in terms of technology and products compared to the other brokers. Their spreads and service is way behind the likes of CMC and Capitalspreads.
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Is CMC better?
I tried them 'back in the day' but had an atrocious experience.
Brokers dont generally get a 2nd chance.
Isn't that both sides though? It automatically fills you at the next price whatever it is. I don't mind that. If it trades through my price then I should get filled at the next price. Sometimes it's in your favour and sometimes against, but at least it's symmetrical. What are you calling slippages? 0.5 ticks etc..?
