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Same platform (MT4) , different brokers, different prices?

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segnali
33
segnali 2013.07.26 14:53 

Hello

I know that each broker can set different spreads but why for example today I see an intraday low (so far) on the DAX index of:

8237.80 with IC Markets and of 8241.10 with Go Markets (both Australian brokers)?

Note that the minimum of the DAX reached (so far) today was actually 8240.61 (from Bloomberg)

 

Thank you 

 

Alain Verleyen
Moderator
30734
Alain Verleyen 2013.07.26 14:55  
segnali:

Hello

I know that each broker can set different spreads but why for example today I see an intraday low (so far) on the DAX index of:

8237.80 with IC Markets and of 8241.10 with Go Markets (both Australian brokers)?

Note that the minimum of the DAX reached (so far) today was actually 8240.61 (from Bloomberg)

 

Thank you 

 

Brokers fix theirs prices, you have to ask them.
segnali
33
segnali 2013.07.26 14:58  
angevoyageur:
Brokers fix theirs prices, you have to ask them.

 

How can they fix prices? I thought they only could fix the spreads!

Doesn't the data come from the same source?

Thanks 

Note: Dax just hit new low, meanwhile.

Tonny Obare
29138
Tonny Obare 2013.07.26 15:03  
segnali:

 

How can they fix prices? I thought they only could fix the spreads!

Doesn't the data come from the same source?

Thanks 

Note: Dax just hit new low, meanwhile.

They dont get it from the same place so they vary based on delays etc.
Alain Verleyen
Moderator
30734
Alain Verleyen 2013.07.26 15:04  
segnali:

 

How can they fix prices? I thought they only could fix the spreads!

Doesn't the data come from the same source?

Thanks 

Note: Dax just hit new low, meanwhile.

What else is the spread if it's not the prices ? They have liquidity providers who provides some quotations, then they fix bid and ask price.
Tonny Obare
29138
Tonny Obare 2013.07.26 15:08  
angevoyageur:
What else is the spread if it's not the prices ? They have liquidity providers who provides some quotations, then they fix bid and ask price.
Dont follow this man advice. Any broker who fixes prices should be avoided as much as is possible. Such brokers can be punished.
Alain Verleyen
Moderator
30734
Alain Verleyen 2013.07.26 15:29  
About different types of broker and how they works, see this post https://www.mql5.com/en/forum/12423/534184#comment_534184
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segnali
33
segnali 2013.07.26 15:54  
angevoyageur:
About different types of broker and how they works, see this post https://www.mql5.com/en/forum/12423/534184#comment_534184
Thank you
Simon Gniadkowski
Moderator
18001
Simon Gniadkowski 2013.07.26 18:21  
segnali:

Hello

I know that each broker can set different spreads but why for example today I see an intraday low (so far) on the DAX index of:

8237.80 with IC Markets and of 8241.10 with Go Markets (both Australian brokers)?

Note that the minimum of the DAX reached (so far) today was actually 8240.61 (from Bloomberg)

What you are looking at on MT4 is not the DAX it is a CFD instrument of the DAX
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