That is often the case, as banks are market makers. STP brokers who only have one bank as their sole liquidity provider are not much different to a market maker broker.
That is a technically false statement. Liquidity providers can be ECNs, prime brokers (who may or may not be market makers), or banks (who are market makers).
The FXOpen AU product disclosure statement states:
LMAX is an exchange, which could be classified as an ECN. See FX Trading | Forex...
FXOpen is definitely off my list now. I was previously interested in their ECN account type.
If the problem was the fault of the liquidity provider, then the liquidity provider should be bearing the costs, not the trader.
It is impossible for a quote to have no age, as it takes time for the data to be received by a client terminal over a network. There is no such thing as an "instantaneous" internet connection. Even if a client terminal was on the same computer as the server that generates the quotes, there would...
Did you get the spreadsheet that is mentioned in the Verified complaint?
I think such a thing is possible, but without sufficient evidence their law suit would go nowhere.
Lumping a bunch of people from around the world who may not even know each other into a single suit does seem odd.
I think the question that you ask is on the wrong track. I think the allegation is that the accused traders engaged in modification of the client platform's normal behavior. Don't expect Metaquotes to talk about this. We need to see the evidence from FXDD that led them to their decision to sue.
A broker suing a trader? How much are they asking for?
I had an old account with FXDD that I hadn't used for a while and I could no longer log into. When I asked about it over live chat I was told that it had been archived and that I needed to email them to get it reactivated. So I did email...
I've been a professional programmer for 11 years and have worked for some of the largest global corporations.
These days I program professionally in ASP.NET (VB & C#) for my own clients.
I've been programming since 2006 mostly for my own trading (and sometimes for other traders who offer to...
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