john ike and FxOpen

[RahmanSL]

"....I will not say how much was lost/returned but it was a small amount in the grand scheme of things (but probably significant for him so I understand)."

So, in the grand scheme of things in which daily forex trade turnover is estimated at usd3.7trillion, I guess usd1million would probably be considered "small", but most certainly "significant" for the average Joe trader.

Alright, glad we have that sorted out.

 

[Pharaoh]

My broker slipped me for 1 pip the other day. Can I demand a cool million in compensation?

 

[RahmanSL]

"My broker slipped me for 1 pip the other day. Can I demand a cool million in compensation? "

Nope! Please refer to their T&C Item 13.3a (Special addendum to the T&C) which states: Quote"....if you have conclusive and irrevocable proof that we have slipped you 1.18 of a pip, then you are entitle to a cool usd1,000,000 as compensation for aggravated trades".Unquote.

So, most unfortunately, your round 1 pip slippage does not fall under above T&C and so you just missed out on our cool usd1 million compensation.
.
Thank you and have a nice day!

Special Representative of MyBroker

 

[Pharaoh]

Damn. It's so hard to get that 1.18 pips without a 6 digit price feed.