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Opening of Order positions wrong side of price level


Berrylium

Question

Much appreciated if someone could point me to applicable T&C or explain why an Order to open a Sell position is opened way below the Price level quoted.  Surely the order should only open if the price matches or is better (eg higher if a Sell-to-open).  I understand that the closing Stops and Limits can be exceeded in a fluid market and hence guaranteed for extra cost but that is for closing positions.  I do not see how it can right for IG to open positions outside of the Price level quoted ?

TIA.

James J

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Had a reply from support (on second attempt).  My issue was due to the open order price level set being below market price when ordering making it a stop order.  Didn't know the type of order took precedence over price level ordered.  So question resolved.

  • Thanks 1
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