brokers CHEATING!!! important!

discussion on brokers, order execution, order automation and everything broker-related

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noone22
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Postby noone22 » Mon Nov 16, 2009 9:38 am

The smaller the broker, the more often they would try to cheat on
his clients.

It's difficult to find, how they do chating,
and even more difficult to prove the fact,
but in case you have a suspicion, change your broker.

This is dirty game, you know.

I have heard stories, that FXDD and TradeStation do cheat
on their clients, don't know anything bad about MBT or Ducascopy.

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newschool
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Postby newschool » Thu Jul 08, 2010 8:31 pm

Check this out, this is straight from an Alpari ad.

http://i25.tinypic.com/fx9oj7.jpg

OTC stands out for Over The Counter. Wich in the stock market, means off the regulated exchange like Nasdaq or NYSE, and is routed directly between buyer and seller, whoever they are (private banks or clients).
From wiki :
An over-the-counter contract is a bilateral contract in which two parties agree on how a particular trade or agreement is to be settled in the future. It is usually from an investment bank to its clients directly.


In other words, Alpari are possibly admitting not routing orders, and just dealing itself with the traders.

jakewalker
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Postby jakewalker » Sun Jul 11, 2010 2:10 pm

Thank you guys for the experience. Will try everything. Oh, by the way, I'm using a robot for trading... Try one of them, this is my advise. I know about some problems with installing it, so, there in my signature is the video about how to install it. Have a nice day!
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cosmoe1
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Oanda cheated me today.

Postby cosmoe1 » Wed Jul 14, 2010 12:16 am

At 6:45 pm est. a news release came out. Oanda's price spiked to .72056 on NZD/USD
No other platform I run even went to .7200.
I was on a short at the time thinking the news was going to be bad for NZD.
i had a s/l set at .72027 and a take profit at .71712.
price fell to .71684. But with their nice little price manipulation they took me out.

Their excuse price feed. Wrong. They increased their buy/sell rates to over 20 pip spread.

Cosmoe1

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newschool
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Postby newschool » Wed Jul 14, 2010 3:14 am

Did you guys see what happened to Gain capital?

http://www.euromoneyfix.com/Article.asp ... ID=2623764

The scary thing, is that almost all Forex brokers work like this (Metatrader was designed for market control plugins).

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