Forex Options Brokers with stops

Discussion in 'Order Execution' started by stevenpaul, May 22, 2008.

  1. Hi Traders,

    Can anyone name a broker or two who offers trading in vanilla OTC forex options and also allows automatic stop loss orders. I would sure love to be able to place stop loss orders to liquidate my options positions in the event of a sudden adverse move in the underlying. As it is, I have to watch the market like a hawk, which of course is a problem with forex, due to the need for sleep and an occasional movie. Any other suggestions for setting up an automatic stopping protocol using other software, etc.?

    Thanks so much traders,
  2. .
  3. I think Oanda does.
    On a more personally note, I would never ever use a forex broker who knew my stop-losses. My stop-losses are always in the local application.
    Scam brokers like Saxo-bank, and other forex brokers transmit individualized feed to you, and they will chase your stop-loss
  4. Is this true. They can single your postion out and spike it up to stop you . I thought everyone on the platform has the same price quote.