Sign up with GoogleJust a trade I got stopped out on Friday - CCO
This is a screen grab from GT247 - (MT5) - lowest traded price for the day 4920
Yet they hit my stop loss (I had set it at 4871) at 4859 - 61c below the lowest traded price! 1.23% difference - which is pretty big. Not only that, but as they make their own market - they the ones that benefit from hitting your stops.
Turns out - they will hit your stop on the bid( or sell if you short) price, and NOT on last traded price which is the norm. This (I think) is being caused by using a system designed for FX for more iliquid counters on the JSE.
That said - they still the cheapest by far AND have no minimums - plus they have a pretty decent range of counters to trade compared to others.
So, might just be worth ditching the stops - dangerous as that might be. Makes there graphs a bit of a joke as well - as they work on last traded price
This is a screen grab from GT247 - (MT5) - lowest traded price for the day 4920
Yet they hit my stop loss (I had set it at 4871) at 4859 - 61c below the lowest traded price! 1.23% difference - which is pretty big. Not only that, but as they make their own market - they the ones that benefit from hitting your stops.
Turns out - they will hit your stop on the bid( or sell if you short) price, and NOT on last traded price which is the norm. This (I think) is being caused by using a system designed for FX for more iliquid counters on the JSE.
That said - they still the cheapest by far AND have no minimums - plus they have a pretty decent range of counters to trade compared to others.
So, might just be worth ditching the stops - dangerous as that might be. Makes there graphs a bit of a joke as well - as they work on last traded price
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