Voting
Alpari spike on demo
Am I alone in seeing a massive spike down on GBPJPY on a demo account on Alpari last Friday? The price spiked 170 pips before the close in the UK session before resuming on Sunday night at the correct price. The move provoked EA short selling which then failed to close in profit (Alpari has a dealing desk). Then of course, the same positions were in significant draw down. My concern is whether this is software that is hunting EA's rather than SL's. Thoughts?
Do u mean software by Alpari?
Stick to your rules
Well get use to have Broker playing against you also on live accounts
ECN is an acronym for Electronic Communications Network. A Forex ECN does not operate a dealing desk but instead provides a marketplace where multiple market makers, banks and traders can enter competing bids and offers into the platform either inside or outside the spread, allowing traders to trade against each other and with multiple counter parties. Participants of the ECN send in competing bids and offers into the platform and the combined volume is usually displayed to traders at each price. Orders are matched between counter parties for a fee.
So, an ECN broker wants YOU to make PROFIT! More turnover, more profit, more fees for the ECN broker! If you want to be treated equitably an ECN account is a MUST! With Alpari you should apply for a PRO (NDD) account ... but a little handicap has to be tolerated ... minimum opening deposit, minimum trade size and commission. Good luck and Cheers! Paul and the Crew!