I have just discovered that Selftrade will not allow me to place a stop order within 3 days of a corporate action. They could not answer why but offered that its because of volatility. "No sh*t sherlock, thats why I place stop orders!!" Kind of defeats the object if you know what I mean.
Does anyone know whether this is brokerage specific or whether it is regulatory? No wonder so many trade on US brokerage platforms. I only trade with Selftrade because I need the ISA and SIPP wrapper. I trade another account via Tradestation and IB - so much more sophisticated and sensible than UK brokerages. Or am I being unfair on UK brokerages and the fact is they have their hands tied by the exchange regulations?
Does anyone know whether this is brokerage specific or whether it is regulatory? No wonder so many trade on US brokerage platforms. I only trade with Selftrade because I need the ISA and SIPP wrapper. I trade another account via Tradestation and IB - so much more sophisticated and sensible than UK brokerages. Or am I being unfair on UK brokerages and the fact is they have their hands tied by the exchange regulations?