Hey guys, im currently looking for a broker who gives distance limits btw 15-30 points. I know IG have them, but is there any other brokers out there who do have these ranges ?
pretty sure you are trying to ask for the same thing where you set a stop loss of 20 pips, it will close your trade out at 20 pips, no slips. not quite sure what you mean by between 15-30 points as a sl can pretty much be set anywhere as long as it's no in spread.
What I mean about it is, that if you use guaranteed stop losses, your not allowed to set your stop loss close to your entry price. Ive seen brokers with limits around 50 pips and more. IG offer 20/30 depends on currency and how the markedet acts. Im just looking for a brooker who can give me a better deal, or around the same one
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Joined Jan 2012
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Status: Just Pippin'
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so i guess what you really mean to say is not guaranteed, but rather 'minimum' stop loss. so if you were to enter a trade, your stop loss has to be a certain number of points away? if the requirement is 20 pips away, you can set your stop loss anywhere greater than that so (20 pips, 30 pips, 50 pips, 1000 pips, etc), but you can't set it less than that like 10 pips or 5 pips, is this what you mean?
if this is, then you will definitely want to avoid etoro, they seem to be the only one doing this. I personally use ICMarkets and so far it is looking good. You can pretty much place your sl anywhere you want. although I do complain about their execution speed.
hehe not really, most of the brokers, if u use guaranteed stop, they charge you and the minimum range is like 50 pips away from your entry..
at IG is it possible to set your GSL at around 20 pips, depending on currency. So What im looking for is another broker who can offer some sort of the same deal?
We have the ability to offer this -guaranteed stops- and part of our customized account package. This is something new that a few traders have requested so testing it out.
