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Originally Posted by Newspring
Hi fellow traders,
I chat with both FXCM and IBFx to inquirer whether stop loss is guaranteed during very volatile market conditions, and they said that it is not. One reason stop loss can be ignored is in very volatile movements, there may be big gaps in price and so the stop loss may not be triggered.
This is a big disaster to a person's account! 
Any comments? |
Nothing's guaranteed in trading, but the way that they play this game of not honoring stops and slipping you out of hundreds of dollars is crap. If you use a non-dealing desk broker such as MB Trading or Interactive Brokers then yes your stop can get slipped, but it won't be by nearly as much as with those two bucketshops.