Order Execution - Forex Broker Testimonials

Up until today, everything was going well. I admit that IC Market is a good broker, but I think IC Market's slippage is not good and happens all the time. So, I was doing an active trade and suddenly my SL and TP stopped working. It's a big loss at the same time. Why doesn't SL work when slippage occurs? What's the point of having SL if the broker can't solve the slippage problem?

For some reason they keep ignoring my stop loss, why? I don't know

In fact, it took me 5 times to realize that they keep doing this to me. I admit the other two was probably due to some errors but Idk.

The story is, I was placing an order with stop loss and take profits.

However, once the order fills the stop loss is removed, causing me to lose 35% of my account.

I tried to report it to customer service but they said I didn't place a stop loss.

So, not only did they cheat on me, but they also accuse me of amnesia. Great.

Sorry, but I have to give an honest review of this broker.

After using them for around 6-7 months, I finally conclude. Actually, this broker isn't really bad. But, I keep experiencing a huge lag on quotes which I experienced on my end. While this doesn't appear that often, this has caused me to lose some of my important trades. So I was pretty disappointed. They tell me that the lag happened because I was running two other live accounts from different brokers simultaneously. But isn't this what a lot of people did? Shouldn't they prepare for this?

When I checked on the FP Market's official websites, I saw that they offer ECN pricing and DMA pricing. As a new trader, I don't understand what are the differences between the two. Especially how they affected my prices or spreads. I also want to know which type of pricing applies to which trading account. As a side note, I am just barely started trading forex.

Do Admirals offer low latency trading services? I had the opportunity of using a broker that claims to have low latency and 'no slippage' But it was all a lie. My orders keep getting cut and it cost me a lot of money. It was truly an eye-opening experience.

I guess it traumatizes me and ever since I make it my personal agenda to find a broker with great executions order.

Does HotForex offer VPS hosting service or do they offer a third-party VPS hosting service? I had the opportunity of using a broker that claims to have low latency and 'no slippage' but in the end, they lied. My order keeps gettinged and the slippage is really worst. That is why I make it my own mission to find broker that actually has no.

I have some conflicting views regarding this broker. At first, they are great and provided good service. For example, I buy some cryptocurrencies and my order get processed almost instantly. I was very impressed, especially since it was an important position. The same thing happens when I try to close the positions.

However, things started to change a few months back. They started to get slow in processing orders and stuff. That's not the only problem I experience. They alsoed my deposit by 5 days for no apparent reason. Are they having some internal problem or smth?

How about IC Market's order execution speeds? I had a lot of horror stories about trading in a broker with really bad execution speeds. My order kept gettinged which resulted in a huge loss. But I just think of it as a lesson, the next time I am looking for a new broker I must know how they handle my order. I don't want to lose over petty things like a.

Are FP Markets suitable for scalping? I am a long-time scalper and my current broker is now a bit too expensive for this method. So I have several questions which include:

1. Does FP Markets have a zero spread or low spread account?

2. Does they have deposits and withdrawal fees? If yes, then how much?

3. How about their order executions? Is it fast enough for scalper? I can't have anys.

Is it true that IC Markets is an ECN broker? I couldn't find any of this information on their websites. However, I read in some reviews that IC Market is in fact an ECN broker. Now, I do understand that some brokers might now directly claim to be an ECN broker, but instead, they might have similar practices to a true ECN broker. How do I know if they are a true ECN broker? Any kinds of tips or discussions is appreciated.