STOP HUNTING: Hardcore Proof that your broker may be cheating on you

Neck InGold · #1 05-14-2006, 04:43 AM

Folks,

STOP HUNTING is back again and this time with a bang and with some hardcore proof and its making each and every trader tremble with fear(for newbies, STOP HUNTING is a practice where by your own broker will manupulate the signal price so that it hits your STOP LOSS and you loose all your money)

Here is what will shock you, make you doubt your own broker and make you think, what if, I was one of the victims many times before.

http://www2.oanda.com/cgi-bin/msgboa...6;t=006230;p=1

Oanda...Yes the grand old Oanda...trusted by millions..not any more

http://www.forexfactory.com/forexfor...ead.php?t=5289

Too many brokers to just name in here..

Just check these FOREX specific sites and you would get to know all about it...

Till Then...Good Luck

hidethereal · #2 05-14-2006, 04:53 AM

Have all brokers been a part of this? I'm pretty new to Forex so this is the first time I have heard about this occuring.

Neck InGold · #3 05-14-2006, 05:21 AM

Well...all seniour members in FOREX trade admit that, if your account or lot is large enough, STOP HUNTING indeed accours from time to time....there are no or few exceptions..this time we have got the hardcore proof, but many a times we just do not act on it...thinking we lost due to price movements...

So only full proof way for you to escape from this type of fraud is to directly go for the ECN way or Direct access trading..which has no connection with any broker, agent, market maker or dealing deak...you directly deal with the electronic exchange..BUT the flaw is you need big accounts to operate to play with big boys..but now a days some sites have a mini account in the range of 5 to 10000 USD...just type ECN or Direct Access trading Forex and google it...you will find ECN sites for your style of trading ...

TheWicker · #4 05-14-2006, 08:36 AM

That's why you should use two trading platforms. One for analyzing and the other for executing orders. Should work unless you are using an EA.

phildunn · #5 05-14-2006, 11:43 AM

Most pro traders with big fund are trading with ECN brokers like Coesfx,Interactive brokers,MB trading,etc.

hidethereal · #6 05-14-2006, 11:47 AM

I only found one ECN broker with a low opening account cost of $400. If you know of any more post them.

I am interested but at the same time it seems almost not worth it with a small sum due to the commission charges.

Neck InGold · #7 05-14-2006, 11:53 AM

Hidethereal,

Almost all the ECN traders have commision charges, yeah..there are no real way of getting away with it

...You win some loose some...or another way i found out was to go with UK based brokers as most of them are registered with one of more associations and in the past have being known to solve issues..like Interactive brokers, ODL securities, CMCmarkets etc...

grzesiek · #8 05-14-2006, 11:56 AM

Quote:

Originally Posted by TheWicker

That's why you should use two trading platforms. One for analyzing and the other for executing orders. Should work unless you are using an EA.

Yes you are right, but the problem actually is who is not stop hunting

TheWicker · #9 05-14-2006, 04:17 PM

Quote:

Originally Posted by grzesiek

Yes you are right, but the problem actually is who is not stop hunting

Well atleast you know one of them is doing it. I guess it should not be that hard to know which and once you know get your money out imediately.

fx_aussie · #10 05-15-2006, 11:04 AM

They all do it to one degree or another. Still worse are those who slow the price feed or manipulate it like FXCM do.

I trade with Coes now and the group I'm a member of have done a deal where we have exceptional conditions and leverage, as good as you get with FXsol for instance. We also get their bank feed into our charts as well, which show as little as one pip spreads on the EUR and GBP, but we do have to pay commissions on that.

The only problem for you guys is that you are not part of our group.