I'm jumping on this thread as it seems to be close to my question.
Please could you clarify some points around how stop losses (and market orders in general) work on the share dealing/ISA accounts?
I have noticed with some shares that it's not possible to place a stop loss (or any market order) in my ISA share dealing account.
Could you explain why market orders may be allowed on some shares and not on others? An example is KWS - Keywords Studios.
ie. is it a risk management issue within IG? Is to do with whether the market itself supports it?
Maybe I've misunderstood, but the way I thought these market orders worked is that they would sit in your system until the price threshold is reached, then your system automatically tries to buy or sell at the current price accordingly? If I'm understanding correctly, I'm struggling to see why market orders couldn't be available on all shares.
I have also noticed that I can't create a new market order outside of the market hours, but I can edit existing ones.
Again, I would appreciate if you could explain what's going on here as well.
I would really like to open my positions by setting buy stops out of hours - but it doesn't seem to be possible. I'm told that this is something some other brokers allow.
Thanks in advance!