Control of deal size? Spread account.

Bobby55

Newbie
8 0
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.
 

tomorton

Legendary member
7,554 1,031
Never heard of this. Were you in profit or loss? Was it a very illiquid small cap, what was the trade in?
 

tomorton

Legendary member
7,554 1,031
Do the firm say why they imposed this on you?
 

Bobby55

Newbie
8 0
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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