SpreadBets - Trailing Stops & Guaranteed Stops

[heyho]

Hi All

Is there any  reason why IG does not allows you to have a Trailing Stop with a Guaranteed stop loss?  Is it to stop you taking profit as the Bet goes up in the hope that it falls and gets hit by a Guaranteed Stop at a premium?? 

Edited August 15, 2020 by heyho

[Caseynotes]

15 hours ago, heyho said:

Hi All

Is there any  reason why IG does not allows you to have a Trailing Stop with a Guaranteed stop loss?  Is it to stop you taking profit as the Bet goes up in the hope that it falls and gets hit by a Guaranteed Stop at a premium?? 

Presumably the reason is that IG are not that keen on taking on all of your risk.

You are a market participant but there is no such thing as a guaranteed stop in the market, it's just a declaration by IG that they will honour your stop even if it's not triggered due to slippage and so any added losses comes out of their pocket not yours.

Edited August 16, 2020 by Caseynotes

[Kodiak]

And they change the min G stop distance sometimes (see nr 2 from help)

"

Why am I unable to edit my guaranteed stop?

Generally, guaranteed stops can be edited after you add them. However, there are some scenarios in which you won’t be able to edit your guaranteed stops:

1. The market is closed
When the market is closed, you can only move your guaranteed stop further away (increasing your guaranteed stop distance). You will not be able to move your guaranteed stop nearer.

2. An increase in the minimum guaranteed stop distance
During periods of increased or expected market volatility, we may increase the minimum guaranteed stop distance as compared to the initial guaranteed stop distance. In such situations you will have to adhere to the new guaranteed stop distance when amending your guaranteed stop.