I saw that and you were being a little creative with that. You showed the quote from FXOpen NZ's Market Maker account compared to the quote from what looked like an ECN feed of another broker. I don't know how you could stretch that into an allegation of manipulation since no two brokers will have same price at the same time 100% of the time. It's like the price of a particular product in different shops. Take this for example.
galaxy nexus - Price Comparison - Buy Cheap in Australia
Comparing the price of the phone in different shops, it is hard to find two shops with the same price. Which one is manipulating the market? It's the same in the Forex market.
Since there isn't a centralised Forex exchange, there is no "real" price. Only the prices offered by the brokers themselves with MM brokers and LPs making their own prices and ECNs displaying the best bid and ask from their pool of LPs.
I hope this post helped you and others understand what the Forex market is and will help you to become better traders.
Those last paragraphs you wrote in your last reply made my day.
Comparing Forex Brokers to phone shops show how you are trying to deceive our mental awareness as FPA members!! or you went too much offbase, had nothing better to say but what nervously first came out your mind!!
Phone or any kind of shops sell products in different prices for same brand because other factors effect their prices like the shop selling strategy, if its goal is sell too much so it lowers price or not much customers so it higher price and sell lower amounts of products, and also from where the shop is buying the procuts if from the original dealer or company representative directly(agreements) or some dealer/s in between.
Briefly, many non seen hidden factors play a major role in shops prices.
Like I have a supermarket in my city that sells most products at some 50 cents less than all other not just supermarkets but also big malls found in other cities near to mine despite the supermarket in my city is not that big in comparison to the others but the secret I believe might be in selling big amount so it can afford lowering the price by that considerable amount if you calculate it per many products you buy(add 50 50 50..makes big saving)
On the other hand, in the forex market it can't be considered the same, market prices can't be played with that huge(when many parties in many different sectors rely on market prices to the decimals) like I showed in my screenshot with up to 3.5 pips difference by fxopen which is not the only big problem but in how it is 3.5pips to become 2 then increased to 3 and 3.5 again, so on..
Comparing what's the right market price isn't hard Jaff, don't cheat FPA with your false comments.
Anyone can open 5 brokers mt4 accounts put it all along each other and compare market prices especially for brokers with same spread(fixed), even with others like ECN brokers you can compare(you know how).
I compared 4 brokers mt4 prices together, all 3 had nearly same price(only decimals difference) but fxopen was the only one way far with 3.5 pips difference that became after sometime 1.5pips to increase and decrease(full manipulation by fxopen)
And, am showing the eurousd pair that have the lowest spread and that must have no big difference between brokers whatever the account type was and for your info, the other broker in the screenshot was for same standard account type as fxopen.
Just if I had time to make all 4 brokers mt4 fit in same screenshot I could had shown it more clearly how fxopen is far away from others, it can't be all are wrong and you're the right
What little creative are you talking about!?? 1+1=2 The screenshot is found for all to see.
To be better traders if we are not at first, do not mean to check all brokers prices if matches with fxopen broker manipulated price feed to see if we take a trade or not
Our mission as traders is to trade not to make researches of LP's prices and their manipulation games!!!
By the way, would like to write about something very suspicious happening with some brokers in terms of rollovers.
Some pairs obviously must have positive swaps but some brokers had changed it from sometime to negative swaps(despite on those brokers sites it shows positive swaps) but others have it positive swaps.
And, when you ask those brokers why is it negative not positive as you show on your site, they say swaps are variable according to what they get from their banks..LIES LIES LIES
Traders must had understood what am talking about.
I'll not talk too much in details now but BE AWARE traders do not open live accounts with brokers that play with swaps to take advantage of traders positions(mainly long term ones).
I do not trust any broker(can be named Scam) that gives swaps against the Central Banks interest rates that is known for all.
To Kovacs case, if Jafar or anyone from fxopenNZ(where's its representative?? No Men left in the company to speak!
, don't worry we accept ladies repliestoo
) want to turn the facts around or shake it a little or try some manipulation because its their habit, your end is known Failure and Guilty.
