Anyone with FXCM.com account?
- Thread starter kjxxxx
- Start date
Micro account.
I went with IBFX and they did a real bucket job on me yesterday evening
I got a bucket shop job done on my trade today. Real fowl what the broker did.
I was long EUR/USD from last week. I had a target sell or take profit sell set for 1.3505 from then. Sunday I tried to delete the take profit orders before market opened but that's not allowed so I called the broker and emailed them @ 17:35 EST when the brokerage was open. They told me the could not change or delete the order as they had to wait for it to open just like I was.
Sunday at 18:00 EST when the market opened the EUR/USD gapped open at 1.3624 The broker filled my order at 1.3505 immediately. EUR/USD even after 18 hours still have not traded that low. That is more than 119 pips difference. The broker pocketed 119 pips of my trade. OUCH!!
I Should have gotten the open price b/c if I was short w/ a stop order I would have had to accept the 1.3624 as best price. Is it a standard thing for customers to get lousy fills on Gaps in their favor b/c they had a lower target price than open price? Kinda reminds me of Jessie Livermore book about bucketshop jobs they did against the customers. This is BLATENT SKIMMING here by my broker.
The broker is Interbank FX (IBFX.com). That was a real bucketshop job.
If I was short and had a stop in place they would have filled my order at 1.3624 as best filled and I totally agree with that. I would have eaten the 119 pip loss and accept it as part of trading. I should also get the best filled on the upside also. That is some really crappy thing they did. I find INTERBANK FX (IBFX.com)actions of not filling me at the gap open price as deplorable
Posted by Ki Jar at 10:23 AM
In a standard account 1 pip = $10
http://kijar.blogspot.com/2010/04/br...rade-real.html
I got a bucket shop job done on my trade today. Real fowl what the broker did.
I was long EUR/USD from last week. I had a target sell or take profit sell set for 1.3505 from then. Sunday I tried to delete the take profit orders before market opened but that's not allowed so I called the broker and emailed them @ 17:35 EST when the brokerage was open. They told me the could not change or delete the order as they had to wait for it to open just like I was.
Sunday at 18:00 EST when the market opened the EUR/USD gapped open at 1.3624 The broker filled my order at 1.3505 immediately. EUR/USD even after 18 hours still have not traded that low. That is more than 119 pips difference. The broker pocketed 119 pips of my trade. OUCH!!
I Should have gotten the open price b/c if I was short w/ a stop order I would have had to accept the 1.3624 as best price. Is it a standard thing for customers to get lousy fills on Gaps in their favor b/c they had a lower target price than open price? Kinda reminds me of Jessie Livermore book about bucketshop jobs they did against the customers. This is BLATENT SKIMMING here by my broker.
The broker is Interbank FX (IBFX.com). That was a real bucketshop job.
If I was short and had a stop in place they would have filled my order at 1.3624 as best filled and I totally agree with that. I would have eaten the 119 pip loss and accept it as part of trading. I should also get the best filled on the upside also. That is some really crappy thing they did. I find INTERBANK FX (IBFX.com)actions of not filling me at the gap open price as deplorable
Posted by Ki Jar at 10:23 AM
In a standard account 1 pip = $10
http://kijar.blogspot.com/2010/04/br...rade-real.html
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