FX execution for pending orders
I just start trading with IBFX, but having some issues regarding their execution service. Since I’m still new in FX industry, I cannot be sure that IBFX’s execution is common for FX market. Some of my pending orders were canceled by the dealer although the price did hit the entry point. I contacted IBFX, and they said the order was canceled due to market volatility. I do see that market was volatile that time, but is it common in FX market?
Any comments would be highly appreciated.
Haha this is a bucketshop....no, that is not standard practice, to cancel someones order because of "market volatility" what a fucking scam. jeane, IMMEDIATELY withdrawal funds from this broker......PM me if you would like some help.
Yes Jeane, I definitely agree with mfoste1! It’s not common in FX market nowadays. In former days, it was, but somehow it also depends on the company.
By the way, of course we need reliable broker who can execute pending order very well.
But I didn’t experience that situation like you, but I saw some case in the internet. I’m also novice trader, so I’m afraid of that. I have been searching for quite some time and had come across many broker companies like Oanda, FSIFX, Easy Forex and Etoro. But I don’t know what is the most. Does anyone have experienced trading with them?
Exactly there are cases in the internet, but do you think this execution cancel problem occurs in special circumstances. Even there are few case nowadays. If you are afraid of the special occasion, review the others comment carefully. And It’s better to choose the offline company, not online one.
My stop loss order was just executed 12pips away. I am changing my broker.
I started trading forex with FSIFX few months ago.
Try interactive broker
FXCM fined $2M by NFA.
FXsolutions should be fined too.
If you have issue with your order execution, move on to another broker. Don’t get cheated by your broker and just complaint about it.
How long does it usually take for market orders to be executed?
less than 1 sec
A few times, it took over 5 seconds for my market orders to be confirmed at FSIFX. Is there anything I need to be alarmed?
ACM also provide good service and FSIFX provide good seminar.
I do agree with zarah, 5 seconds is very slow execution. If it happens again, you should move on to another broker
Delay in execution, Sliperage or Cancelation of pending order… Any broker who has non of such issues?
Can I get 12pip back?
‘My stop loss order was just executed 12pips away. I am changing my broker.’
thats called slippage.....typical of a shitty broker
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