hi everyone,
first i want to thank the webmaster at 100forexbrokers.com for providing such detailed and valuable information regarding brokers.
one thing that i want to warn follow traders is that: I had and account with fxpro.com and after couple of months i noticed that they trigger my stops before even the price reaching it, i send them the prove (chart pic and candle and my stop figure) but they denied my case. so i was looking for a site that was given unbiased listing of these brokers and I'm glad i found this site.
good luck to everyone :)
Jay
trader
January 30, 2009
Jay,
Market maker brokerages are playing against you.
Be very careful about showing them your stops.
A stop shows up in the market as a level at which you are willing to trade.
So expect someone to take that trade especially if it is a bargain.
BrokerGuru
February 2, 2009
FxPro was supposed to explain why the stops were triggered before price reached it, it would be a good tone.
I find it necessary to explain this to a trader, in fact, otherwise, you've a reason to suspect unfair dealing.
I don't know what it was in your case, but if it was few pips difference, I can explain it:
Sell stops are filled at Bid, and buy stops are filled at Ask. While trading, it is not obvious at first, especially to beginners.
Buy stops will be triggered few pips off the requested level, they will be triggered at Ask while all prices you see on the chart are shown in Bid.
Also to remember, when the market gaps over a requested price, the stop is filled at the best available price.
trader
October 26, 2009
is that Fxpro also market maker? bcoz not listing in the NDD broker..
Jay
December 30, 2008hi everyone,
first i want to thank the webmaster at 100forexbrokers.com for providing such detailed and valuable information regarding brokers.
one thing that i want to warn follow traders is that: I had and account with fxpro.com and after couple of months i noticed that they trigger my stops before even the price reaching it, i send them the prove (chart pic and candle and my stop figure) but they denied my case. so i was looking for a site that was given unbiased listing of these brokers and I'm glad i found this site.
good luck to everyone :)
Jay
trader
January 30, 2009Jay,
Market maker brokerages are playing against you.
Be very careful about showing them your stops.
A stop shows up in the market as a level at which you are willing to trade.
So expect someone to take that trade especially if it is a bargain.
BrokerGuru
February 2, 2009FxPro was supposed to explain why the stops were triggered before price reached it, it would be a good tone.
I find it necessary to explain this to a trader, in fact, otherwise, you've a reason to suspect unfair dealing.
I don't know what it was in your case, but if it was few pips difference, I can explain it:
Sell stops are filled at Bid, and buy stops are filled at Ask. While trading, it is not obvious at first, especially to beginners.
Buy stops will be triggered few pips off the requested level, they will be triggered at Ask while all prices you see on the chart are shown in Bid.
Also to remember, when the market gaps over a requested price, the stop is filled at the best available price.
trader
October 26, 2009is that Fxpro also market maker? bcoz not listing in the NDD broker..
BrokerGuru
October 28, 2009FxPro is a market maker.
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