DannyDeg
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Posts posted by DannyDeg
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Totally agree and have asked the same question myself.. Looking at Apple CFD right now - minimum stop 11%!
One of the largest caps in the world, practically un-tradable.
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I've been trading on my CFD account and noticed on some markets/pairs the minimum guaranteed stop distance is absolutely huge - to the point of making the pair un-tradable.
Today it's the USD/TRY mini with a min stop distance of 14184 pts! I've noticed big minimums on certain stocks and commodities too which is why I've mainly been sticking to the big indexes. I imagine it's a liquidity thing but I'm not trading big positions.
Is there a way to get a tighter stop distance? I'd like to trade multiple markets whenever I see a suitable trend setup but I need the ability to manage risk.
Stop Loss Minimum Distance
in IG Trading Support - Dealing Questions
Posted
I imagine it has to do with it being a 'guaranteed' stop on a limited risk account (have just emailed support to ask). Otherwise I see absolutely no reason for a minimum stop distance at all. If I were to monitor the trade manually I could market sell at any price - which is all a stop loss is doing.