Page Title Background

What is an error quote or spike on Forex?

What is an error quote or spike on Forex?

Although brokers try their best to make sure that quotes are updated timely in trading terminals, sometimes errors occur in the operation of the terminal. During such errors, price quotes may not display correctly.

Usually, errors take the form of a very large candlestick or bar. The candlestick can be either bullish or bearish. After a price gap in the chart, the price returns to its previous value.

This is an error quote or non-market spike – a price level that formed by itself as a result of a price gap, rather than was caused by any political or economic events.

An error quotation must satisfy each of the following conditions:

  • there is a significant price gap;
  • the price returns to the initial level within a short period of time with the formation of a price gap;
  • there was no rapid price dynamics before the appearance of this quote;
  • at the time of its occurrence there are no macroeconomic events and/or corporate news that might have a significant impact on the price of the instrument.

Brokers usually correct the charts when such quotes occur and remove information about the error quote from the server's quote database. An error quote is not necessarily a sign of a bad broker. Such a quote usually occurs as a result of a connection failure in the trading terminal, which can happen to any broker.

An error quote can bring either profit or loss from open trades. Brokers usually make every effort to eliminate the consequences of such errors. The resulting profit will be deducted, and the funds lost will be returned to the account. Brokers also restore stop orders closed as a result of an error quote, if any. To speed up the refund process due to an error quote, traders may need to contact the client support of the broker.

Article last updated: 2022-10-28

What is a trend on the Forex market? What is correlation in the Forex market?

Geratsu LLC (registration number: 860 LLC 2021 ) is regulated in accordance with the license act "LIMITED LIABILITY COMPANIES ACT, CHAPTER 151 OF THE REVISED LAWS OF SAINT VINCENT AND THE GRENADINES, 2009." of the St. Vincent and the Grenadines.

Address: First Floor, First St Vincent Bank Ltd Building, James Street Kingstown, St. Vincent and the Grenadines

Contact Information

Location: First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines

Tel.: +1 844 200 0183


  • Best Forex Broker Asia

    All Forex Rating

    Best Forex Broker Asia logo
  • Claws & Horns logo
  • Ars Lex Limited logo
  • MetaQuotes logo

Geratsu LLC does not provide services to residents of the EEA countries, UK, USA, Israel, Russia and Japan.

Risk Warning


Trading on the financial markets involves risks. Forex, futures, CFD's, and other financial contracts are complex instruments that are traded primarily with margin leverage that boosts a level of risks even higher. The leverage can work for both as your advantage so your disadvantage. Hence this type of activity may not be suitable for all investors and for you in particular. You clearly agree that loosing your investment will not entail your life quality decrease and will not affect your health in any ways. You shall not risk more than you're ready to lose. Ensure you understand all the risks before entering a market. By using Geratsu website and its services you agree that you fully understand all the risks involved, and confirm your investment objectives and level of experience. See our full Risk Disclosure for more details.

All materials and services provided on this site are subject to copyright and belong to Geratsu LLC. Any use of materials of this website must be approved by an official representative of Geratsu, and shall contain a link to the original resource. Any third-party companies do not have the rights to use materials of Geratsu website as well as any distorted writing of the word Geratsu. In case of violation of these rules, they will be prosecuted in accordance with legislation of the intellectual property protection.