Control of deal size? Spread account.

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Old Oct 10, 2018, 10:32pm   #1
 
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Control of deal size? Spread account.

Can anyone shed light on the ''control of deal size '' regarding a Spread account when trying to close a trade! My Broker would only allow a partial closure. I'am assuming it's tax related as opposed to a CFD account.
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Old Oct 10, 2018, 11:18pm   #2
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Never heard of this. Were you in profit or loss? Was it a very illiquid small cap, what was the trade in?
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Old Oct 10, 2018, 11:51pm   #3
 
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Bobby55 started this thread Italy 40, very big profit
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Old Oct 11, 2018, 12:01am   #4
 
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Bobby55 started this thread I have a spread acc with IG, any preferences for other Brokers welcome.
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Old Oct 11, 2018, 12:13am   #5
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Do the firm say why they imposed this on you?
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Old Oct 11, 2018, 5:56pm   #6
 
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Bobby55 started this thread
Quote:
Originally Posted by tomorton View Post
Do the firm say why they imposed this on you?
Hi Tomorton, they said that only a partial closure was available at the time, although it was brief, had I wanted to totally close the trade immediately because of macro or geopolitical events, I would have been slightly worried.
I'm assuming now it is because spread acc's do not have DMA as opposed to CFD acc's.
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