CMC markets now have this order execution policy for FX CFDS "Limit Orders for FX products, if accepted, will only ever be executed at the Target Price. Meaning if monday morning(Australia open), if there is a gap up/gap down above/below your limit, your order will always be executed at the target price, even if it gaps up 100 pips. Is this legal or fair?
CMC markets now have this order execution policy for FX CFDS "Limit Orders for FX products, if accepted, will only ever be executed at the Target Price. Meaning if monday morning(Australia open), if there is a gap up/gap down above/below your limit, your order will always be executed at the target price, even if it gaps up 100 pips. Is this legal or fair?
Ignored
Thats fantastic! No matter how well risk is managed, There is always a chance of some geo political event blowing the spread out 200 pips or more. It happened at 911 and the Jap tsunami. Eliminating that risk is more than fair for traders and as a market maker they can legally trade with you at any price they like. You agree to that when you sign up
I dont think you understand. Your stops will still be executed at the prevailing market price on the open. You are still at risk. Its only the limit/target price - if the gap is in your favour - that you will be filled at your target price. NFA would wipe the floor with them, but apparently the british are more understanding.
I just noticed today that CMC Markets is IIROC regulated in Canada. I don't remember them being formally regulated by them last time I checked. Maybe I should give them a try... Might be better than OANDA and FXCM here.
Does anyone trading with them have any insight into how good a broker they are? Especially when it comes to stop hunting...
A long-term partner of UK CFD trading and spread betting provider CMC Markets, Goldman Sachs initially bought a 10% share in the broker for $140 million. It also took active participation in the listing of CMC Markets on the London Stock Exchange (LSE) in February 2016. Goldman had since retained an approximate 5% stake in CMC Markets, but probably got disappointed over the continuous decline of CMC Markets’ stock price.
Anyone trade with these guys in Canada? I just got kicked out of Oanda for making to much money...do they allow scalping? or are they the same scumbags who just want losing traders?
