It’s hard to exaggerate the importance of the EU Referendum for global markets. With low liquidity expected in any case during the late night hours in the old continent and the very close call, brokers have already taken action. But are they filling orders correctly?
Peter Forster and his team at Trade Proofer have already provides us with valuable forex execution data, and now they have made their tools public for the referendum. More than 50 brokers are monitored very closely for execution during the critical hours.
Here is the message from the team:
The tool enables traders to tell instantly whether poor trade execution was due to general market conditions or their broker tried to exploit the turmoil. We think that crooked brokers will do their best to exploit the hectic times and blame the markets for stop-hunting and other nasty practices.
The tool is up and running on the following site: http://datacenter.
We already doubled our data receiver server capacities and closely monitor our performance in order to add further servers if necessary. We still have a TradeProofer EA in place for MT4 users that can upload trade history and get them proofed seamlessly.
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