I was going to post my own thread for this but this is somewhat near what I wanted to say
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Slippage on IGIndex is a Nightmare!!!
To put it in context I have been SB'ing about 2 years and trading for about 15 years...
I have 5 spread betting accounts with other companies and this is the first time i have bothered to whine
I put in a small amount into a account I have had with them. And I wanted to just trade with them to establish slippage etc etc....and whether any platform freezes occur etc...
Well I could give u a list of trades but I ain't that boring
but will give u first 2 trades
1.eu short , sl 10 pips tp none (I was filled 8 pips off the price i clicked) BAM insta sl!!
2.Gu Long, sl 15 pips tp none (I was filled 7 pips off the price I clicked) this one lasted a little longer
2 mins later SL.
So lesson learned 50 pip sl! Works fine. Next 5 trades on GU slippage, 3,6,7,6,8,9 (I am diffinately of opinion the 3 was a complete fluke!)
Well because my account is limited risk! Which means I need to have GSO. I get the spread +-3 but I got one trade out of 20 that hit this GSO+3.
Is this normal ? The slippage is horrendous! Needless to say scalping is impossible. Whats peoples opinion? I read the reviews and imho it is exactly the same as my expierence. I like their layout as a simple platform and is useful as it is web based. But with this level of slippage the cost of trading with them is too high!!
O.P Have a look at a ticket and check if u have Guarrenteed Stop Order force ticked. And how many pips it says u will have to pay on spread. This could be a explanation!!
LL