Personally, I think the honest thing to do would simply be to close their acct. It's up front, clear, and everyone knows exactly what happened. Brokers who do kinky things(such as profiling users and treating them differently based on those ...

OANDA Discussion

They mostly profit from the spread. However, there is some incentive to further pad their profits by quoting prices which will trigger various stop losses. The concern you might have is when your market maker has spikes in their price graphs and yet ...

DD "taking opposite side of trade" explain why this is bad?

Yes, this is a hedging risk. Your loss is expressed in USD, and since you originally posted these trades your loss in USD has increased even though you gained some pip profit.

Who can solve this puzzle?

Not only would 0.005% tax create distortions in the markets, it would also probably decrease trading to 1/10 the size and the tax benefits would be only 5 billion as trading just moved to tax free havens.

UK, US Proposed tax on forex trades

If they are so desperate to protect the trader, they should A. Publish the #s they are getting from the brokers. Basically say, this is how much people lose when they use this kind of leverage. B. Consider some kind of apprentice/master program for ...

Leverage reducing begins

You know what I really hate about the lack of hedging, is all the dumb money not going into the coffers of the brokers so they can afford to tighten up the spreads. That being said, there are rare situations when hedging IS profitable. Just because ...

How Have The New NFA Guidelines Affected Your Trading?

The issue isn't hedging so much, but rather as the dangerous precedence that the NFA can start telling us how to trade. Personally, I think this is a call to arms. Better to start the fight on this issue rather than something we actually care about ...

How Have The New NFA Guidelines Affected Your Trading?

Wouldn't hedging across two accounts with high leverage be rather risky? My big concern isn't hedging, but rather the rules that brokers are liable for all trades they execute. My concern is that they may place onerous restrictions / costs on the ...

How Have The New NFA Guidelines Affected Your Trading?

Oanda is my favorite bucketshop as well, however, I find their price feed has really weird price spikes that don't show up on other price feeds. I can only suspect that they are hunting stops or something equivalent.

Cheapest discount broker

Well, shadowman, you actually need to define what ECN versus STP only means before you can even have this discussion. I've found different brokers will define it differently. One common definition is that ECN will match orders between customers as ...

facing problems with interbankfx

Pipmutt, you've merely repeated back everything I've already said on this thread. I can't argue with you, because you're just saying the same thing I am.

Price Adjustment Rule --- put all our accts at risk?

I wouldn't be too quick to judge the situation. Obviously FXCM believes they are partially responsible, or the settlement offer would not have been forthcoming. Do I believe m88 deserves more money? No. He was obviously over trading the account and ...

Locked (hedge) trade can face a Margin Call

Laugh Out Loud.

Price Adjustment Rule --- put all our accts at risk?

lol Gee ... you mean, a broker might do this on purpose??? lol.

Price Adjustment Rule --- put all our accts at risk?

"Non purposeful" slippage is an execution risk caused by a combination of poor execution, poor liquidity, and high volatility and frequently occurs during a news event. By the time a market order gets to your bucketshop or other marketmaker, the ...

Price Adjustment Rule --- put all our accts at risk?

My loss I guess

Price Adjustment Rule --- put all our accts at risk?

Anyways, even if we lived in a dream world where bucketshops never slipped orders in order to earn another pip or so on a spread, or they slipped orders in your favor as much as they do against you, there is still the issue of liquidity. The fact ...

Price Adjustment Rule --- put all our accts at risk?

Yes, calmly accepting slippage from your broker. That sounds like a highly profitable trading strategy. A broker wouldn't slip a quote against you on purpose. If anything, he'd only slip the quote in your favor! How silly of me. You know what? You ...

Price Adjustment Rule --- put all our accts at risk?

If you say so. I prefer my broker not to slip my quotes.

Price Adjustment Rule --- put all our accts at risk?