Variations in price wicks across different platforms can occur due to several factors, such as liquidity, the technology being used by the broker, or execution times. If you observe unusual wicks on FundingPips that don’t appear on other exchanges or charts, it could be a red flag for several reasons:
Liquidity Issues: Sometimes, less popular platforms might have lower liquidity, leading to more significant price anomalies or “wicks.”
Broker Manipulation: Although less common, some brokers might manipulate spreads or prices to trigger stop-loss orders or affect trades in their favor.
Platform Infrastructure: There may be differences in the data feed or charting software, causing discrepancies in price representation.
Before switching to an FTMO account or any other, it’s crucial to:
Research Reviews: Look for reviews and feedback on FundingPips to see if others have similar experiences or issues.
Contact Support: Reach out to FundingPips’ customer support to inquire about these anomalies to see if there’s an explanation.
Demo Accounts: Try using demo accounts on both FundingPips and FTMO to compare how trades and price actions are recorded.
Cross-Verification: Check whether trusted financial data providers report prices similar to those on FundingPips.
If the wicks are indeed found to be problematic and customer support isn’t responsive or helpful, consider exploring other reputable trading platforms or prop firms like FTMO. It’s crucial to have confidence in the accuracy and reliability of your trading platform to ensure that trading strategies are implemented effectively.
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