Quote:
Originally posted by Agisthos
So even if traders get an official fill they can still have the trade revoked?
If the dealer quotes prices then they should have to stick to them, regardless if the market never traded there. Thats their fault.
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Well here is the thing with FX. The market maker is your volume. SO if the price is filled, but Interbank market never traded there for them to offset with, then you may be revoked because it is a bad trade and a freebie that the market maker loses on. If you make 1 million off of a bad tick, then they directly lose because they could not have offsetted.
If you feel that you have ever had a bad fill of somesort, then you there isn't too much you can do. You have to have trust to a degree. Other than taking it to the legal department, which I do not reccomend ever, but then shop around brokers and see who is the best for you.
If you truly read the FINE PRINT ON ALL BROKERS APP'S they have the authority to do this and make adjustments on your account. They can't touch your money, but regarding trades and stops, limits, MC's, everything, its in their favor. THIS IS WITH ALL BROKERS. Its the fact of doing business in the financial services today. If a broker acts up then they will not be in business long, thats the cleansing of the market.