Ibra


The problem is that forex brokers are not really brokers. As much as they try to label themselves as that, they are still really market makers. There is no exchange traded forex (unless you count futures contracts), so every time you make a forex trade, at some point your broker is taking the other side of that trade, even if only for a few milliseconds. They have to keep quoting prices as per their commitments around spread, so when the markets are going nuts, these guys are still giving some fills(or your account is going negative), however in this case, a lot of them where not actually able to hedge off the exposure anywhere else.