Why is there a MINIMUM stop loss? of 31 points???

[tt123]

How does ANYBODY trade crypto CFD's when there's a minimum stop loss?

I've never heard of such a ridiculous thing before.

Is there no way to disable this???!???

[dmedin]

I think you can just enter a trade without specifying a stop or a limit, using the web platform or PRT.

[TheGuru12]

It’s ESMA regulations. Anywhere that doesn’t do it is more likely based outside the EU. How else would they stop you losing money so fast?  

[dmedin]

1 hour ago, TheGuru12 said:

It’s ESMA regulations. Anywhere that doesn’t do it is more likely based outside the EU. How else would they stop you losing money so fast?  

 

I think it's just to prevent having a negative balance (owing debt to IG, which they can't legally claim back from you if you have negative balance protection).

Edited September 9, 2020 by dmedin