Until the NFA enforces this by making brokers publish their slippages #s, it will not happen.Originally Posted by ;
There's very little incentive for brokers not to try to profit from slippage against TP orders.
Until the NFA enforces this by making brokers publish their slippages #s, it will not happen.
There's very little incentive for brokers not to try to profit from slippage against TP orders.
Well then perhaps you could 'nedge', that would sort it, you like nedging do not you?
Hallo Jaclyn
Your message here's a refreshing change from the typical bluster and passive non co-operation from most brokers. Can you please us keep all up to speed as to how it occurred so that we know that FXCM plays with a straight bat and does not play silly buggers with traders accounts in the hope of getting off with some pips.
Unlike fxbillie, I'm more curious about how it occurred. Not in how you are going to assist him. Like many others here, I will be watching for your responses because I'm searching for a further broker. Here is the opportunity to get me.
This makes about as much sense as most of what you state.
I concur . . A reply to this issue would definitely go a long way to improving your standing as a clear and fair broker.
I have an account from FXCM also contacted them about the huge slippage ago my stop loss on several trades, one of which was presumed to be locked in with profits, but turned out to be a huge loss.
Their response? This was a gap in the market at this time, and my stop was filled by the banks at the next best price. . .which happended to be 50 to 100 pips away. So there is nothing they can do as they do not promise stops because ceases are turned into market orders when the price is reached. So much for next best price. I can understand gaps but this is crazy banks and other traders may shove the market so fast that stops orders are filled with such prices.
What FXCM should do is inform us about all of the orders they slid into profit.
Bet this poster/thread get ether eliminated of swamped with repetitions defending FXCM ether way it's useless to complain in a bias environment. Utilize other forums not infested with repetitions and you'll get much farther.
I closed my account due to slippage problem a while back with FXCM. Slippage on exit, slippage on entry, slippage on stop loss. They blame the banks but it's their own fault. It is simply too tempting for them to collect those extra pips. STP or their NDD is going in the end you are trading against a working desk so to a working desk.
FXCM is probably the biggest title as FX broker. I've been with them over five decades and I have never noticed such a slippage, nor have I ever noticed them redress or not eager to correct it. This is to me. They have changed. Quite frued since I like to stay with a large and stable broker.
But with this feeling of security after you walk away from your computer, how do any trader feel secure to entrust your money into any broker? Yes, I want they have a stop loss slippage insurance (maybe charge .1 pip per trade) so that at least traders have been left with some feeling of control. My wish.
So, anybody can suggest some dependable brokers who give 100% slippage guarantee? I really don't need to depart FXCM, but may not have any option as I, for example numerous traders, am part time trader and need to sleep keep daily job. With no sense of security, I may too get out of this Forex market and exchange stocks or options.
Posting Permissions
Reply With Quote