direct access

talked to GNI Touch about direct access for cfd. They told me that you can't place a guaranteed stop loss on a direct access platform. Talked to Pacific Continental who say that they offer direct access for cfd and you can place guaranteed stops. His pacific offering proper direct access or is GNI Touch wrong to say that guaranteed stops can't be placed on direct access platforms. help.

Also need a platform where you can place entry buy stops with limits for cfd. Any recommendations

I suspect they are both right in their own way, I have no idea or understanding of CFD's I should say first, however if it were applied to stock or futures, there is no such thing as a guaranteed stop in a real market, and thus it could not be entered in direct access, , I magine you hold Intel at $23 with a "guaranteed stop" at $22.50 and they release abysmal news pre-markt and gap down to $21, in order for your stop to be good someone has to buy you out at $22.50, clearly no-one in the market is going to do that, so a middle man, the house has to make good on that, so... I suspect Pacific are telling you they are willing for a price to buy any position you have out at a guaranteed level, why they would do that against a direct access position I don't know, but it would be my understanding that guaranteed stops only exist if provided by a middleman.
Someone who understands the cfd market may have a better idea.

ta trader plus

presumably Pacific Continental make a charge for every guaranteed stop order you enter whether it is filled or not. If that is the case what they are doing is essentially giving you insurance. They are willing to take an insurance premium from you to underwrite the risk in providing you with a stop which may get gapped over. Most of the benefits of direct access come down to reduced transaction cost but if you enter guaranteed stops and you have to pay for them you are negating much or all of that benefit. You need to think whether the trading methods you will use will require such stops and also if your trading methods and expertise will benefit from the potential reduced costs of direct access.

Gareth