No Stop Loss? No Limit Orders?

[Aboushi]

FXCM really needs to start explaining a little more. You could still use all of it but close the positions by the order it was open due to FIFO.....morons!!!!

 

[MatthiasBeckman]

Integral's FX Power Trader is NFA compliant.

 

[Aboushi]

Quote from MatthiasBeckman:

Integral's FX Power Trader is NFA compliant.

ICTS platform has been NFA compliant

 

[Aboushi]

Quote from Aboushi:

ICTS platform has been NFA compliant

and the mgforex

 

[MatthiasBeckman]

Interesting. We are a white label platform provider, not a broker.

 

[Jason Rogers]

Quote from AKUMATOTENSHI:

No hedging and no stop loss/limit orders means I will actually have to watch the screen. I just wonder how this will effect there automated trading platform. It also seems like a push to put all accounts over to their UK branch. What is next no FX trading at all..... I starting trading metals now anyways but what a pain this is!

Akuma

Stops and Limits will still be available by using OCO stop and limit entry orders.

The stop and limits in the open positions window for individual tickets is what is being removed since being able to close positions in a non-FIFO order would not be compliant.

The original email did not do a good job of explaining this and a new press release was made.

FXCM LLC (US) will be fully compliant with FIFO while offering stops and limits, but for traders wanting to continue managing by position, FXCM UK is available. This will be especially important for MT4 users that may have EA's built on individual position management.

-Jason

 

[mounafia]

is oanda gonna be touched by this?

because if yes, I am gonna get my money back very fast.

I am not suicidal.