No Stop Loss? No Limit Orders?

Discussion in 'Forex Brokers' started by thalestrader, Jul 1, 2009.

  1. Aboushi

    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!!!!
     
    #11     Jul 2, 2009
  2. Integral's FX Power Trader is NFA compliant.
     
    #12     Jul 7, 2009
  3. Aboushi

    Aboushi

    ICTS platform has been NFA compliant
     
    #13     Jul 7, 2009
  4. Aboushi

    Aboushi

    and the mgforex
     
    #14     Jul 7, 2009
  5. Interesting. We are a white label platform provider, not a broker.
     
    #15     Jul 7, 2009
  6. Jason Rogers

    Jason Rogers ET Sponsor

    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
     
    #16     Jul 8, 2009
  7. mounafia

    mounafia

    is oanda gonna be touched by this?

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

    I am not suicidal.
     
    #17     Jul 8, 2009