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Requirement for CFD guaranteed stop??


Newuser

Question

Hi,

 

I'm trying to short a stock in the CFD platform, but when I complete the ticket I get the message: "We are not taking opening deals with guaranteed stops on this market"

 

a) I don't have the option not to put a guaranteed stop, and b) how do I know which markets can and can't take guaranteed stops?

 

Thank you

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2 answers to this question

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Good morning, 

 

The message you are seeing here is relating to the fact that we are not able to trade on this stock with controlled risk opening, meaning we are not taking guaranteed stops on this market.

 

Due to your account type it means that you can only trade using guaranteed stops on all positions. If you wanted to change your account type you can call a member of our trading services team to see if your account can be changed to trade with or without these stops.

 

To see whether a stock can be traded with guaranteed stops you will need to click on the information symbol on the deal ticket which will display this information and show a minimum stop distance. 

 

Hope this answers your question.

 

Thanks,
Chris

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