REST API: /positions/otc "MINIMUM_ORDER_SIZE_ERROR" (CFD-Order)

[MichaelDE]

Hi,

I placed a CFD Market-Order via https://demo-api.ig.com/gateway/deal/positions/otc (POST) as follows:

{

"currencyCode": "EUR",

"dealReference": "TESTxy",

"direction": "BUY",

"epic": "IX.D.DAX.IFMM.IP",

"expiry": "-",

"forceOpen": "False",

"guaranteedStop": "False",

"orderType": "MARKET",

"size": 0.5

}

I obtained the deal confirmation via https://demo-api.ig.com/gateway/deal/confirms/TESTxy (GET) as follows:

{

"date": "2021-11-24T10:16:31.629",

"status": null,

"reason": "MINIMUM_ORDER_SIZE_ERROR",

"dealStatus": "REJECTED",

"epic": "IX.D.DAX.IFMM.IP",

"expiry": null,

"dealReference": "TESTxy",

"dealId": ...and so forth...

 

My question is: What is the MINIMUM_ORDER_SIZE?

Size 1.0 worked - is this the minimum?

 

Thanks

 

[AndaIG]

12 minutes ago, MichaelDE said:

Hi,

I placed a CFD Market-Order via https://demo-api.ig.com/gateway/deal/positions/otc (POST) as follows:

{

"currencyCode": "EUR",

"dealReference": "TESTxy",

"direction": "BUY",

"epic": "IX.D.DAX.IFMM.IP",

"expiry": "-",

"forceOpen": "False",

"guaranteedStop": "False",

"orderType": "MARKET",

"size": 0.5

}

I obtained the deal confirmation via https://demo-api.ig.com/gateway/deal/confirms/TESTxy (GET) as follows:

{

"date": "2021-11-24T10:16:31.629",

"status": null,

"reason": "MINIMUM_ORDER_SIZE_ERROR",

"dealStatus": "REJECTED",

"epic": "IX.D.DAX.IFMM.IP",

"expiry": null,

"dealReference": "TESTxy",

"dealId": ...and so forth...

 

My question is: What is the MINIMUM_ORDER_SIZE?

Size 1.0 worked - is this the minimum?

 

Thanks

 

Hi Michael, 

Thanks for the query. 

Yes, 1 contract is the minimum size on Germany 40 demo. This is displayed on the deal ticket as illustrated below:

 

All the best, 

Anda

[MichaelDE]

okay, thanks a lot for the prompt reply!!

[jlz]

17 hours ago, MichaelDE said:

Hi,

I placed a CFD Market-Order via https://demo-api.ig.com/gateway/deal/positions/otc (POST) as follows:

{

"currencyCode": "EUR",

"dealReference": "TESTxy",

"direction": "BUY",

"epic": "IX.D.DAX.IFMM.IP",

"expiry": "-",

"forceOpen": "False",

"guaranteedStop": "False",

"orderType": "MARKET",

"size": 0.5

}

I obtained the deal confirmation via https://demo-api.ig.com/gateway/deal/confirms/TESTxy (GET) as follows:

{

"date": "2021-11-24T10:16:31.629",

"status": null,

"reason": "MINIMUM_ORDER_SIZE_ERROR",

"dealStatus": "REJECTED",

"epic": "IX.D.DAX.IFMM.IP",

"expiry": null,

"dealReference": "TESTxy",

"dealId": ...and so forth...

 

My question is: What is the MINIMUM_ORDER_SIZE?

Size 1.0 worked - is this the minimum?

 

Thanks

 

In case that you want to automate the minimum size per market there is an endpoint for it.

https://labs.ig.com/rest-trading-api-reference/service-detail?id=594

The endpoint is /market/{epic}. It will give you the dealing rules for that market

Edited November 25, 2021 by jlz