Re: FXPRO
Hi
I have also a live account with fxpro, no problems till date.
You are probably a new trader? Is my assumption correct? Unless ur a scalper stop hunting will not effect you. Stop hunting is a very detailed topic. In the OTC market as there is no centralised exchange its not possible to know by how much the broker marks up the spread from what they receive. This is true for all brokers even with an ECN you will notice a difference between the bid and the ask (most of the time) how do you know they're not marking up the price?
Stop hunting actually originated in the pits by pit traders as they had all the orders they knew excatly where the stops were and would bid price up or down to take out stops. This was called open outcry system. But even in those days there were off floor traders who made a lot of money. Millions of dollars.
So my advice to you is not to worry about stop hunting UNLESS you are a ultra short term scalper. The most important factor in selecting a broker is safety of funds. Other important issues are spreads, fills/execution, support, server down time, additional fees.
Regarding slippage its reasonable fills for the forex markets. Actually you want some small degree slippage during news times, because then you know they are actually passing on orders and not taking the other side of your orders, If any broker guarantees stops or fills it means only one thing -----> They are taking the other side of your order otherwise how else can they guarantee this?