What is a market spike?
A market spike is a significant increase or decrease in the rate of an asset in a short period of time, during market hours.
Market spikes occur under volatile market conditions, and are often related to events and announcements.
A market spike may cause your requested Stop Loss or Take Profit rate to be hit or exceeded. If the requested rate is not traded in the market, the trade would close at the next available price. The result is that you could lose or gain more than you expected on the trade. We do not compensate for these instances as we do not interfere with market conditions or events.
Note that market spikes can be unpredictable. However, there are events planned ahead - elections and earnings reports, for example - so you can expect market swings to be more likely at certain moments.