I have traded with many different brokers and can honestly say that I have never experienced any stop-hunting and at this point, I am starting to think that it is a myth. A myth created by less experienced traders, for the most part. Retail traders are inexperienced, in their mass and sometimes tend to see things that aren’t there 
I have been in situations similar to this one, and it was quickly rectified by my broker. I had a position and around midnight, “happy swap time,” there was a spike on my chart, and my position got closed. I contacted their support, and everything was fixed, they reopened my position.
So, my advice to the topic starter is this, contact them and see what they say.
Right, Lexys…huge red flags I guess. Usually this is the first thing I check, I think that most traders should too.
I was about to ask if there is any update but I see that there is a posted reply already.
Indeed … it was on the tip of my tongue, in response to “We receive prices directly from our liquidity providers” to say “You need to find some better ones, then, like other brokers have, so that your charts don’t have spikes that other brokers’ charts don’t have, don’t you, if you want to keep your customers?”, but to be fair to them, he did also specify that nothing was actually executed at that price, so I suppose that’s ok, then (if you like that kind of thing)? One can’t help wondering, though, what would have happened if something [I][U]had[/U][/I] been executed during the spike? 
Hello Lexys,
Can you please explain more, what red flags are you talking about? I am sure others would like to know too.
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[U]Belize “regulation”[/U]: the reasons that counterparty market-making “brokers” [I]choose[/I] to be regulated in Belize are reasons designed for their own protection rather than that of their customers;
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[U]Bonus offers[/U]: explained here.
Yes, I completely understand what you mean. I guess during the rollover such things might happen but if anything is executed I’m not sure if they would compensate the clients (after all I think that it would not be the clients’ fault and it should not be their concern who are the LPs).
Ahhh Yes… So it was the LP with the candlestick in the cloakroom…
Drmorbid so after the “digital” spike… ONLY the traders that call their brokers have their positions reinstated…
Full well knowing that most traders won’t be running multiple platforms and actually notice and remonstrate the spikes.
Note: FX Choice signs on in May 2012 and Drmorbid signs on in June 2012 with one post disputing stop hunting with years of trading experience and the other asking what could possibly be a red flag??..just saying
Call me an inexperienced cynical bas$%@#, but what I take out of this thread is that BP is rich feeding grounds for the brokers.
Lol busted 
Now seriously, if such thing happens (I mean the “mysterious” spike) the normal approach of the broker should be to adjust all affected trades and amend the balance of the affected accounts with no difference whether a client calls or not. Anything other than that is a scam.
Guilty as charged (sarcasm), caught in the act. I am here to defend the honor of the one “whose name we are not permitted to pronounce” (I meant the broker), even though they have an official account on here. (Facepalm). Don’t be paranoid.
A question though, how does the case of FXCM fit into this logic?
I don’t think it does(?).
I didn’t say that “[I]only[/I]” brokers regulated in dodge-pot countries are the ones to be avoided.
There are some scammy brokers everywhere.
There are also brokers regulated in good countries, whose regulators have exposed them as crooks and liars, and fined them [I]on multiple occasions[/I], and one should avoid those, too. 
In my opinion, checking the regulatory record of a broker is one of the most important things you can do, before opening an account with them.
Regarding “the case of FXCM”, as you put it, [B][U]no[/U][/B] broker has ever had such a longstanding, worldwide, historical record of multi-million fines over adverse findings [B]directly related to the ways they treat their clients[/B] as FXCM has. I’m not pointing this out just because I’m trying to sound like “I told you so”, but to be fair I [I]have[/I] actually been saying this here for [U]years[/U], before they were kicked out of the US. The writing was on the wall for anyone who looked at the [U]consistency[/U] of their [I]previous[/I] regulatory record (it was [I]appalling[/I], and I’ve posted many links to it here, in the past!).
This is timely as I was just about to fund my newly-opened account with FXChoice, who have excellent reviews on Forex Peace Army and elsewhere.
I have been demo testing them for the past 3 months and didn’t notice any unusual spikes.
I’ve checked my Tickmill, XM and FXChoice demo accounts and see some interesting discrepancies.
Tickmill shows a similar, although not quite so serious spike.
https://www.mql5.com/en/charts/6680653/eurnzd-h1-tickmill-ltd
XM does not show the spike.
https://www.mql5.com/en/charts/6680648/eurnzd-h1-trading-point-of
What is most concerning though is that the FXChoice demo account doesn’t show the spike at all. So I can only conclude that I will get different results from my live account than the ones I’m experiencing on demo. Although, I will say that the way I trade such an anomaly would not have affected me.
Lexys - when you say that FXChoice is a market-maker does that mean when I sign up with their pro ‘ECN’ it is not actually an ECN, or simply that, FXchoice puts the majority of their clients on a ‘B’ book?
Also what brokers do you find to be reliable? Many brokers accredited in Australia, and the USA (notably FXCM) are highly supsect as their reviews on sites like FPA demonstrate, whereas brokers like FXChoice, seem to be keeping their clients happy, somehow.
Care to address any of this, FXChoice, representative?
This “myth” will be hard to explain away… Drmorbid… paging Drmorbid…
I haven’t used FXChoice.
Theyre “regulated” in [I]Belize[/I], for heaven’s sake! 
The market-maker broker I found to be highly reliable, honest, very good, and a pleasure to use - for [I]many[/I] years - was Oanda. I made a living there and [I]never[/I] had a problem at all. Some members here, however, have recently been pointing out that their spreads aren’t what they were and specifically that they fluctuate too much for comfort. Perhaps too many members for it to be “an unlucky coincidence”, and a couple are people I really respect. This was dreadful news for me on the “recommendation front” as I felt, accordingly, that I should probably stop “recommending” them here. :8:
That leaves me with nobody but Interactive Brokers to recommend (I’m totally happy there and believe they’re one of the best). And in spite of being a [I]genuine[/I] broker, and a [U]really[/U] good one (occasional sub-optimal customer service over “technical help” being their only relative disadvantage, as far as I can see, and some persistence being needed with that, as they don’t like and expect to do a lot of hand-holding), their minimum deposit requirement is one that doesn’t suit many BabyPips members. So I’m “stuck” - sorry.
Right, and FXCM is/was regulated by the CFTC. I take your point; the ‘clean shirt’ countries should have more reliable brokers but it clearly doesn’t always work that way. Yes, I believe IB is superior, but as you say, they’re for traders with larger accounts.
For the rest of us mucky-mucks we’ll have to tread the turbid waters of offshore brokers I suppose. Feel free to reassure me, FXChoice rep! 
I’ve heard good things about Global Prime.
Hello, Thank you for replying Lexys, Jungle and everyone. Thank you FXChoice for the reply. To clarify, I wasnt in the trade, but analyzing the chart for entries.
There is a lot of information from everybody that helps understand what initially happened, that is a good thing.
Today a spike did happen, but in my favor with a short position I was in, but I stopped out. But I dont understand how my Stop Loss was filled either. I will be contacting the broker to get it taken care of.
Apparently he didn’t. :33:
Members thinking of using this broker might be interested to read this news about them.
This is becoming a common issue with several brokers. I haven’t been able to fund any of my accounts using my Mastercard, and I’ve given up using anything but wire transfers.
Regardless, if the rep doesn’t come back to soothe my fears I’m going with a different broker.
Today FXChoice removed almost all their commodity CFDs available for trading. Another red flag or is this common practice?
Hello clemmo,
Thanks for your post. As we have explained also in this thread - 301 Moved Permanently, the discontinuation of some instruments took place back on the 11th of Nov 2016 and not now as you have stated. We have notified all of our clients about the changes as we always do.
And again, we apologise for any inconvenience and appreciate your understanding. If you have any questions or need any help, please do not hesitate to contact our experienced Support Team via Live Chat or email <[email protected]>.
Kind regards
Michael Ronan
FXChoice