Who to believe? What is real price value? Difference between brokers

Broker Discussion Forex Brokers
1

Hi,

How is it possible there is so much difference between brokers? And what is true value of price?
Is this spot forex really a scam and best to trade futures?

For CAD CHF

FXCM:

0.8932 low

OANDA

1024×510

0.8967 low

Much different lows for 16 of Sept. 35 pips difference.

2

It would help if you drew your low line on the same daily candle…

3

Hi Haridas,

I notice you’re comparing two daily charts. It’s possible the discrepancy you see is because of different start times for the daily candles on the two charts. For example, on FXCM Trading Station charts, the daily candles begin and end at 5pm New York time (EDT). I’m not sure what time is used as the cutoff for daily candles on the other charts you’re looking at, but they might start at midnight GMT or midnight EDT, which could explain the difference in candle shapes and daily lows.

If you have any additional questions about FXCM charts, feel free to ask me in the Broker Aid Station.

Jason