The amount of ignorance is overwhelming. This broker clearly has lagging quotes and issues with liquidity during event times. Many of you have engaged in latency arbitrage where you check the real prices from other broker and leverage the shit out of your 1 min trades thinking how smart you are and returning astronomical profits without risk.
Not to defend MAXFX anyway, just surprised at the amount of denial here. They also voided my trades yesterday (actually they didnt void the trades but made a random manual EURUSD buy order with made up quotes HAHA :D). In any case I compared their quotes to my main brokers, and indeed I also benefited from their lagging quotes, however, I didnt deliberately exploit it and was generally exposed to market risk for a extended period of time. I made similar trades on my LMAX account for instance which were profitable. Trying to get some sense of this and asked them to compare their prices to real market prices and readjust the P/L accordingly.
Obviously, it tells a lot about the broker if you can do latency arbitrage and they really should have came up with legit explanation whats going on. I guess they wont, since thats how bucketshops operate (however would be really positively suprised if they did!). I kinda understand you guys also who feel overwhelmed about your profits being wiped off, Im sure theres alot people who made their profits without exploits. Any case the whole issue would be solved if everyone's trades were settled from the real prices, for instance comparing the prices to some established brokers or whatsoever.