Just adding my two cents here to this whole conversation, complaint and etc etc etc.
As an experienced trader and with a good foundation knowledge of how CFD brokers works, I want to add to this conversation here so everybody here can understand, even blueberry market reps.
* Note I am not on any one side but I will give you facts and the rest of you can judge it your self.
I only stumbled on this page because I was investigating why Blueberry Markets have so many positive reviews.
After reading the first page and the last page I had a giggle and wanted to reply you, the trades, the supposed stop hunt, why you did not get margin call email, and 8 cap stuff.
1. Your sell order was stopped because your trades were caught by the spreads, that is obvious.
A sell order must be triggered by the ASK price which is not shown in MT4 charts, MT4 only shows Bid price (134.356) The ASK price may be at 134.656 I do not know, but there is every possibility.
2. Why possible? Your trades were stopped at market open at 00.04.00 so 3 mins aftermarket open
So there could be gapping, New York to New Zealand rollover the period, the spreads can widen even for Majors. 20 pips are not rare, you should ask for Tick Data from Blueberry instead of writing something that any experienced trader would know you are not experienced. And stop using a 1M chart to show your reasoning, if you use a 1H chart the movement is not much.
3. You over leveraged your account gambling that trades will go your way, you can tell simply because you were stopped out and it looked like every after 2 other trades were closed from margin stop you still didn't have enough capital in your account to hold the 2 lot positions on GBPJPY. Do you know gapping can occur even on a weekday not only after weekends? JPY is volatile very sensitive to fundamentals.
4. Why you did not receive Margin Call email? Firstly, it would be of no use, you were stopped out within 3 minutes of markets open, you would not have time to fund your account or do anything. But the reason why you did not receive the margin call email, because the market moved too fast to trigger Margin Stop out therefore Margin Call email was not sent. Most MT4 is designed this way, not just BlueBerry Market, all MT4 platform is designed this way, you most likely will not receive the Margin call email by that design. Most likely Blueberry markets will have in their terms and conditions for you to monitor your own trades as Margin Call emails are not guaranteed. But on this occasion, your trades had put you in such a bad position within a minutes market jumped on ASK price you got stopped almost instantly most likely.
5. As for if blueberry markets is a market maker? 100% in theory, because you can not get an ECN license in Australia for CFD brokers, only a Market Maker license. They should not advertise ECN because true ECN is like a stockbroker, they use liquidity providers, such as Citadel (Market Maker). They should only advertise STP, but they write it as ECN/STP because the word ECN is so popular. Whats STP? Basically when you sell they hedge your trades against another customer who is buying in the pool of clients. And if you are bad trader possibly they also hedge against you. They may have a risk team that does that to make extra profit depends on how much of a bad trader you are.
6. They are renting 8 cap license, it does not mean they are using 8 cap liquidity providers, products and services. I have not researched them enough to make a judgment.
All I can say is they are renting the license because an ASFL is hard to come by. They might be using all 8 cap stuff or not, keep in mind, also by your chart of comparing spreads and markets. Most liquidity providers are very similar to stay competitive.
So inclusion, yes Blueberry markets is market maker, in fact all ECN advertised brokers IC Markets, Axitrader, etc they are all Market Maker brokers because they use a liquidity provider and they are market makers.
But you say they stop hunt? No, they did not, you are just a bad trader and a sore loser and does not want to accept losses and forget the fundamentals of how Bid and Ask pricing works and how MT4 works. (Sorry to be harsh but that is what I see here)
Lastly, yes you can manipulate trades on MT4 via a plugin, but that would affect all trades on the same server, and to be honest, if a broker wants to ruin their reputation over your $2000 then they are stupid.
Feel free to leave me feedback if you think I am wrong and I be happy to reply.
Thanks for the good laugh, I see this alot.
As an experienced trader and with a good foundation knowledge of how CFD brokers works, I want to add to this conversation here so everybody here can understand, even blueberry market reps.
* Note I am not on any one side but I will give you facts and the rest of you can judge it your self.
I only stumbled on this page because I was investigating why Blueberry Markets have so many positive reviews.
After reading the first page and the last page I had a giggle and wanted to reply you, the trades, the supposed stop hunt, why you did not get margin call email, and 8 cap stuff.
1. Your sell order was stopped because your trades were caught by the spreads, that is obvious.
A sell order must be triggered by the ASK price which is not shown in MT4 charts, MT4 only shows Bid price (134.356) The ASK price may be at 134.656 I do not know, but there is every possibility.
2. Why possible? Your trades were stopped at market open at 00.04.00 so 3 mins aftermarket open
So there could be gapping, New York to New Zealand rollover the period, the spreads can widen even for Majors. 20 pips are not rare, you should ask for Tick Data from Blueberry instead of writing something that any experienced trader would know you are not experienced. And stop using a 1M chart to show your reasoning, if you use a 1H chart the movement is not much.
3. You over leveraged your account gambling that trades will go your way, you can tell simply because you were stopped out and it looked like every after 2 other trades were closed from margin stop you still didn't have enough capital in your account to hold the 2 lot positions on GBPJPY. Do you know gapping can occur even on a weekday not only after weekends? JPY is volatile very sensitive to fundamentals.
4. Why you did not receive Margin Call email? Firstly, it would be of no use, you were stopped out within 3 minutes of markets open, you would not have time to fund your account or do anything. But the reason why you did not receive the margin call email, because the market moved too fast to trigger Margin Stop out therefore Margin Call email was not sent. Most MT4 is designed this way, not just BlueBerry Market, all MT4 platform is designed this way, you most likely will not receive the Margin call email by that design. Most likely Blueberry markets will have in their terms and conditions for you to monitor your own trades as Margin Call emails are not guaranteed. But on this occasion, your trades had put you in such a bad position within a minutes market jumped on ASK price you got stopped almost instantly most likely.
5. As for if blueberry markets is a market maker? 100% in theory, because you can not get an ECN license in Australia for CFD brokers, only a Market Maker license. They should not advertise ECN because true ECN is like a stockbroker, they use liquidity providers, such as Citadel (Market Maker). They should only advertise STP, but they write it as ECN/STP because the word ECN is so popular. Whats STP? Basically when you sell they hedge your trades against another customer who is buying in the pool of clients. And if you are bad trader possibly they also hedge against you. They may have a risk team that does that to make extra profit depends on how much of a bad trader you are.
6. They are renting 8 cap license, it does not mean they are using 8 cap liquidity providers, products and services. I have not researched them enough to make a judgment.
All I can say is they are renting the license because an ASFL is hard to come by. They might be using all 8 cap stuff or not, keep in mind, also by your chart of comparing spreads and markets. Most liquidity providers are very similar to stay competitive.
So inclusion, yes Blueberry markets is market maker, in fact all ECN advertised brokers IC Markets, Axitrader, etc they are all Market Maker brokers because they use a liquidity provider and they are market makers.
But you say they stop hunt? No, they did not, you are just a bad trader and a sore loser and does not want to accept losses and forget the fundamentals of how Bid and Ask pricing works and how MT4 works. (Sorry to be harsh but that is what I see here)
Lastly, yes you can manipulate trades on MT4 via a plugin, but that would affect all trades on the same server, and to be honest, if a broker wants to ruin their reputation over your $2000 then they are stupid.
Feel free to leave me feedback if you think I am wrong and I be happy to reply.
Thanks for the good laugh, I see this alot.