ProOrder – Guaranteed Stop? (IG Limited Risk account)

imokdesign · Fri, 07 Jul 2017 10:54:03 +0000

As a result of the new BaFin CFD law in Germany, only limeted risk accoutns (IG) with guaranteed stops are possible from July 22nd. I get an Email and they say, i have to stop ProOrder before the named date, add a guaranteed stop and then restart system. My questions: How is this in ProOrder implemented? As an additional code, or just by confirming the ProOrderstrategy. How Is the spread afected and will it have an effect on the minimum stop distance or slippage?

This topic has 21 replies, 8 voices, and was last updated 7 years ago by Nicolas.

Viewing 7 posts - 16 through 22 (of 22 total)

← 1 2

08/05/2017 at 9:57 AM #42497

Nicolas

Regulations are different for every country, unless you are working in the trading industry, only limited risk accounts are possible in Germany. I confirm that ProOrder is now compatible with limited risk accounts for everyone (worldwide).

Nicolas
Keymaster

Topics: 81
Replies: 20863
Been thanked: 4773 times

08/07/2017 at 10:29 AM #42645

victormork

May I ask how that works exactly? Can I call IG and request to have my account set to limited risk and it will work automatically with Pro Order?

victormork
Participant

Topics: 19
Replies: 165
Been thanked: 57 times

08/07/2017 at 1:31 PM #42670

Leo

As default every account change to Low-risk… at least in Germany.

With a call you upgrade to a normal account

Leo
Participant

Topics: 17
Replies: 357
Been thanked: 144 times

08/08/2017 at 10:47 AM #42743

victormork

Ok, I was more curious if I wanted to change my account into a low risk, even if it’s not necessary, it could now do so without impacting my systems (apart from different prices of course)?

victormork
Participant

Topics: 19
Replies: 165
Been thanked: 57 times

08/08/2017 at 1:57 PM #42756

Eric

the only thing that is better with a limited risk account is the guaranteed stop?

today i get slipped 5 points on dax with a standard stop (and it could have been worse)

Eric
Participant

Topics: 18
Replies: 441
Been thanked: 84 times

08/09/2017 at 7:32 AM #42778

victormork

Well that’s why I was thinking about it. If you have a bigger position on it would be nice to avoid being slipped.. I think the extra cost of a guarantied stop can easily by justified by being guaranteed an exit price. And do IG still have the rule that you only pay for guarantied stop if it has been hit or has that changed?

victormork
Participant

Topics: 19
Replies: 165
Been thanked: 57 times

08/09/2017 at 9:01 AM #42779

Nicolas

Guaranteed stop is only paid if being triggered.

1 user thanked author for this post.

victormork

Nicolas
Keymaster

Topics: 81
Replies: 20863
Been thanked: 4773 times
Author

Posts

Viewing 7 posts - 16 through 22 (of 22 total)

← 1 2

Find exclusive trading pro-tools on

ProOrder – Guaranteed Stop? (IG Limited Risk account)

1 user thanked author for this post.