GBP/CHF huge loss

Discussion in 'Forex' started by aknaya1, Jan 13, 2009.

  1. aknaya1

    aknaya1

    PFGBest told me they were actual trades....that they have to protect the "integrity of the market"....
     
    #11     Jan 15, 2009
  2. 2000 pips on slippage? That's like a month's worth of profit for some people.

    I would change brokers. That's wack.
     
    #12     Jan 16, 2009
  3. Surdo

    Surdo

    I know of a new way to gobble up your PIPS now...it might actually be more believeable if you posted a screen shot.

    I find it hard to believe PFG can get away with this mate.

    Muito obrigado!
     
    #13     Jan 16, 2009
  4. aknaya1

    aknaya1

    2000 pips on slippage......is totally wack. And that's exactly what I told them when I called. The guy I spoke to looked at his charts, confirmed the move, explained something about banks pulling in and out of the pair, and said that the price move looks legit and that they have to protect the integrity of the market. I told him this price move isnt legit, and that any short in this pair would have been liquidated and would have been better off without a stop, since having a stop caused a 2000 pip loss. Anyway, I tried to attach the chart, hopefully that works. Daily chart.
     
    #14     Jan 16, 2009
  5. I'd never trade with them.

    Thanks for the info.
     
    #15     Jan 16, 2009
  6. Manni

    Manni

    That move did not happen...on the 13th GBPCHF had a 200 pip range between 1.62 and 1.64

    that broker is one to avoid
     
    #16     Jan 16, 2009
  7. aknaya1

    aknaya1

    Im not disagreeing that the move did not happen, but you do see it on the chart I posted right? PFG is operating based off of that.
     
    #17     Jan 16, 2009

  8. Lookslike PFGBest had a bunch of customer's short and didn't want to pay up.
     
    #18     Jan 16, 2009
  9. ngkh

    ngkh


    Reuters : 1.6555-1.6190
    Bloomberg : 1.6557-1.6181
     
    #19     Jan 16, 2009
  10. aknaya1

    aknaya1

    I told him you guys were just taking out stops, and thats when he said its not purposeful and blabbered on about banks pulling in and out of the pair.....
     
    #20     Jan 16, 2009