Post by zuolun on Oct 21, 2015 7:50:16 GMT 7
CMC: CFD trading is using a market maker platform, the DMA CFD trading platform is currently not available.
Spreadbetting: When and when not to use it! ~ Only ask for their DMA version, not the general platform.
Plain speech: This is fraud ~ Charts that defy the market. Regardless of what stock prices are doing, the CMC platform will regularly decide to spike in the opposite direction, running stops, executing bogus orders, and generally doing what it can to put you in the red. Case in point - 'Black Monday', when the DAX dropped over 600 points during the day: CMC actually opened late, 30 points below the market, grabbing as many orders as it could before skyrocketing 100 points over the next five minutes, while the DAX was in freefall, losing 50 points in the same time frame. A nice touch was ignoring the stop loss entirely. Don't be taken in by these fraudsters.
In March we will launch the latest upgrade to our Next Generation trading platform. The upgrade will include:
Guaranteed Stop Loss Orders (GSLOs)*
Guaranteed Stop Loss Orders will close out your trades at the exact price you specify, regardless of market volatility or gapping. As with regular stop loss orders, you will be able to add a Guaranteed Stop Loss Order to a trade via the new drop-down menu within the stop loss section of the order ticket as you open your position.
With CMC Markets, GSLOs can be added to existing trades, and modified or removed from a trade at any time.
When you place a GSLO, there will be a GSLO Premium charge, which will appear at the bottom of your order ticket. You can consider this the same as an insurance premium. That said, unlike most insurance premiums, and unlike guaranteed stop costs from most other providers, CMC Markets will refund 50% of the original GSLO Premium if it is not used.**
When using a GSLO the margin requirement will be equal to the total amount at risk, plus 10% in the case of Cash CFD products. This new margin type is called the Prime Margin on our platform.
Inbuilt product search
A product search option will be added to the main navigation toolbar, and within certain module headers, including the order ticket, charts, price quote windows, Reuters News, Client Sentiment and Product Overview windows.
Module Linking
This new feature will allow you to link two or more modules in the platform together so that when you change the product shown in one, all the linked modules will automatically update to show the same product. By using the new colour-linking option at the top right of each module, you can quickly link your favourite modules to help you analyse the markets. This means that you will be able to link a deal ticket to a chart, the latest Reuters news and Client Sentiment indicators, so that when you update the price all the linked modules will instantly update as well.
New order ticket
In line with the launch of Guaranteed Stop Loss Orders, we will make a number of improvements to the layout of our order ticket:
- 1. Your margin calculation and any costs, including the GSLO Premium, will be shown at the bottom of the order ticket.
- 2. The Price Ladder will now display within the ticket space rather than over the top of it.
- 3. The trade type icon in the top right of the order ticket will be replaced by a cancel trade icon and the module linking icon.
If you have any questions or would like more information, please contact us using the contact details below.
*Guaranteed Stop Loss Orders must be placed a set minimum distance away from the current price (known as the GSLO Minimum Distance). This minimum distance will be displayed in the Product Overview and may change during the day, depending on underlying market conditions. GSLOs can only be placed on certain products and during those products’ Trading Hours.
** 50% of the GSLO Premium will be refunded to your account when you remove a GSLO from an open trade, change it to a standard or trailing stop loss order, your take profit order is triggered, or you close an open trade manually (fully or partially).
^ The margin for GSLOs is:
- Cash CFD Products
- Forward CFD Products
- The amount at risk, plus 10% of that amount
- The amount at risk
The amount at risk will be calculated as the difference between the current Level 1 price on our platform and the GSLO price set on your position.