Was anyone here Trading AUDJPY at IKON ROYAL this morning during the 8:30 AM EST News Event. I had a trade open from last night and they took out my stop which was more than 40 pips away from the price shown on my chart and are telling me that spreads increased so much that my stop was hit.

Did anyone notice how much spreads actually increased at that time?

Any help is appreciated.

Dan

since their acquistion by ikon their spreads have become wild. it is impossible to trade when your price has a 50 pips range every few seconds. i immediately stopped trading when i saw that and closed my account.

Well I'm a bit confused. No news right now and I see a 13 pips spread on GBPUSD for IKON ROYAL.

Could anyone tell me what is going on? I never saw 13 pips spread, only when news was coming...

20.45 CET time 13 pips spread GBPUSD

GBPJPY is 14 pips lol GBPUSD 13 pips I can't believe that...

if there's no news but spreads increase , you should ask to their support what's happening . Do not trade when you see spreads go wild

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Forex Indicators Collection

Their spread on GBPUSD was driving me crazy at the end of the day. I've never see nothing like that before.

GBPUSD 13
USDCHF 10

I couldn't believe what I was seeing

hi,
i was trading with them a live account, and it was a big account, i noticed they sometimes increasing the spread in very crazy way even if there is no news, once they hit my stop at the GJ when they increased the spread to 80 pips !!
and the GU reached 40 pips sometimes !!

besides they was stealing a extra 1 pip + there spread, and many dirty things, they are nothing just a punch of thieves .
STAY AWAY!!

__________________
"I'd rather be "out" of a trade and wishing I was "in" than "in" a trade and wishing I was "out"

I've been with Ikon for a long time and have no complaints. The spreads you see widening and fluctuating wildly are a result of the market not Ikon, they are just relaying price. You can look at any of the spreads on other brokers and they are the same if not worse.

Spreads are a function of overall market liquidity. Right now because of the world economy there isn't as many traders who are buying and selling.

In general, during non-standard trading hours such as weekends, spreads are widened to reflect illiquidity in the market. Likewise, during periods of high volatility, such as news events, spreads may be widened temporarily to respond to liquidity issues in the market.

Ultimately, forex prices today are dictated by the forex interbank market, where spreads are variable depending on current liquidity, volume and ticket size.

Definition of Liquidity: The ability of a market to accept large transactions. A function of volume and activity in a market. It is the efficiency and cost effectiveness with which positions can be traded and orders executed. A more liquid market will provide more frequent price quotes at a smaller bid/ask spread.

Hi,
Sorry but you are not right.

20.45CET
IKON GBPUSD spread 13
FXDD GBPUSD spread 5

???

I have a live account in Ikon. The spead is both the advantage and disadvantage of it. In the Asia session, the spread is widened. But in the Euro and US session, it is OK.
I saw once the GBP/CAD spread more than 100 pips, which really impressed me.