ETRADE CFDs

[absmith1]

Hi,

I was thinking of opening a CFD account with ETRADE, but they have just emailed me an answer to one of my many questions that concerns me. Apparently all stop and limit orders have to be at least 10% away from the current trading price. Is this really the case? Does anyone have any experience of this.

Andrew

 

[Newtron Bomb]

Hi Andrew

If thats what they say then that is the case.



As for the various providers and the details of what they do your best bet would be to look around the various providers

HTH
Newtron Bomb

 

[stevespray]

Andrew - 10% seems alittle large for stops/limits, are you sure you have the right end of the stick ?
I suggest you ring them as ask via the phone. I think it sounds incorrect.

Steve.

 

[knorrie]

absmith1

I've been using E*Trade CFD's for over a year now. The 10% rule only applies to guaranteed stops, not the regular ones.

KenN

 

[TheBramble]

I've not used CFDs with IG Index, but their guaranteed stops on shares (which attract an extra 2 points spread) IIRC are about 5%.