Alpari UK enormous spread
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Thread: Alpari UK enormous spread

  1. #1
    I simply experienced over 200 pips spread on EUR/CHF with Alpari UK which margin called my own scam. Anyone else experienced the same? What do you think that means could be Alpari does not have enough liquidity?

  2. #2
    Quote Originally Posted by ;
    Here's what Olsen, (the company owning Oanda) said :
    http://twitter.com/OlsenScale/status/8669994265

    Others say that it was a swiss intervention.

    Perhaps events like these will instruct people that hedging does not hedge anything
    Yes I had been told by Alpari that it was a swiss intervention. Whatever it was that it seems it's not happened only at Alpari. I only wanted to know whether it happened only to me or to others. I've observed requotes in Alpari but I'm trading long duration and that I really don't care about the requotes. I did care about the spread however. I've never believed this could happen. I would understand 50 pips spread or therefore but 200 was rather intense. You are absolutely right about hedging. It's wonderful to be permitted so you may open orders both directions but it cannot be utilized as a protection. To protect open trades and decrease risk seems the only means to do it is to close a number of them rather than opening more in oposite direction.

  3. #3

  4. #4
    Quote Originally Posted by ;
    I simply experienced over 200 pips spread on EUR/CHF with Alpari UK which margin called my Dollar. Anybody experienced the same? What do you really think that means may be Alpari does not have enough liquidity?
    This means on first place they're a bucketshop sucker firm . Got yesterday ca. 50 times invalid price and requote when seeking to put an order on the majors. Closed the account today.

    ---------------------------------------------
    http://www.myfxbook.com/members/pc8multifx

  5. #5
    Here's what Olsen, (the company owning Oanda) said :
    http://twitter.com/OlsenScale/status/8669994265

    Others say that it was a swiss intervention.

    Maybe events such as these will instruct people who hedging does not hedge anything

  6. #6
    Quote Originally Posted by ;
    Here's what Olsen, (the company owning Oanda) said yesterday:
    http://twitter.com/OlsenScale/status/8669994265

    Others say it was a swiss intervention.

    Maybe events like these will instruct people that hedging does not hedge anything
    it is possible to expect'heart-attacks' like this from any low liquidity pair. When a order isnt close to the price must jump to next closest price - sometimes which is going to be FAR off!! Welcome to the Currency Market game.

  7. #7
    Quote Originally Posted by ;
    I simply experienced over 200 pips spread on EUR/CHF using Alpari UK which margin called my Dollar. Anyone else experienced the same? What do you think that means may be Alpari does not have sufficient liquidity?
    I was refused a live account with Alpari UK some months ago for no good reason and without the grounds for refusal quoted. I have a good credit history, without any adverse reports from anybody. I'd never been denied any kind of account - bank, trading or otherwise until then. I am so grateful I was denied. - every cloud has a silver lining? - I think so. Giving the same account opening information into them, I was gratefully and graciously accepted at the time by ODLS, with whom I've remained since. Thank you ODLS, without a thanks Alpari.

  8. #8
    Yep, it was an intervention.

    Http://ftalphaville.ft.com/blog/2010...sia-overnight/

    BTW, EUR/CHF is well known for interventions (even 400 pip jumps in a couple of minutes), so trading it with such leverage a 200 pip move wipes you is not a wise thing to do.

  9. #9
    Hi, I'm beginer

    once I have a money in alpari, can I lost more than my initial investment, that I will probably be in debt? I consider put up an account just in alpari.co.uk. . .if yes, it depends on broker or everywhere is the same?

    Thank for your reply

  10. #10
    Quote Originally Posted by ;
    Hi, I'm beginer

    once I have a money in alpari, can I lost greater than my first investment, that I will be in debt? I consider set up an account exactly in alpari.co.uk. . .if yes, it depends on broker or everywhere is the same?

    Thank for the reply
    If you'd read their 60 page contract, you'll notice that yes, you can lose more than your account. BTW, even brokers that say you can't (like FXCM), just guarantee this in normal market conditions. In debt you can remain under Force Majeure even to them. Force Majeure includes Exceptional Market Event that includes excess movement and loss of liquidity.

    And that is from a broker that guarantees no negative equilibrium

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