4evermaat
2nd Lieutenant
- Messages
- 2,709
See attached screenshots of MT4 from 4 different brokers. ICMarkets lowest bid price is 5.43xx and all other brokers lowest price around 5.88-90xx
As you can see the from screenshot of Investing.com on Aug 15 2018, the lowest market price was 5.9211
From these, it seems ICMarkets increased spread to 9600 pips while all other brokers had 400-600 pips at that time. As a result many accounts are stopped out and wiped out with very unfair price. This is a forex scam, or a business crime. I am going to file a lawsuit against them in Australia and have their ASIC investigate their operations to penalty them for this business crime. If anyone wants to join lawsuit, please contact me.
The charts look like you drew those in yourself. But you must have your screenshot/recording software in place ahead of time to collect the evidence as it occurs.
Here are THREE good examples where brokers were caught cheating in the act:
https://www.forexpeacearmy.com/comm...elaying-orders-3-minutes-slippage-scam.48407/
and
https://www.forexpeacearmy.com/comm...r-from-hell-that-does-not-like-winners.48543/
and
https://www.forexpeacearmy.com/community/threads/my-saxo-bank-story-90-000-loss-after-a-blink.40304/
I always recommend screen recording because you can capture more evidence quickly. And you can leave it on. And you can always grab still frames later.
---------------------
edit: I'm not saying IC Markets did not widen the spread. But you should do a better job of collecting the evidence.
If you have the journal logs around that time, that could possibly reveal what prices were like then.
Last edited: