Spread Betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.3% of retail investor accounts lose money when trading Spread Betting and CFDs with this provider. You should consider whether you understand how Spread Betting and CFDs work and whether you can afford to take the high risk of losing your money
No, you cannot amend or cancel an order if it is already executed except for amending/adding a linked order such as a stop loss or limit profit order.
Yes, you can amend or cancel a contingent order if the market price has not reached the order price.
No. Your order is either entirely filled (executed) or rejected.
On the trading platform, click on the ´Positions´ panel, select the open position in which you wish to place the linked order and click on the ´create/amend order´ icon, which looks like a spanner. You can then add a stop or a limit order to the open position.
Alternatively, you can call our dealing desk at +44 (0) 1923 832 609 to place a linked order.
No, it is not necessary to place a stop loss or limit profit order.
If the market sell price (bid) trades to the price of a sell limit order or higher (or lower for sell stop orders), the sell order will be executed. If the market buy price (offer) trades to the price of a buy limit order or lower (or higher for buy stop orders), the buy order will be executed. If the market ‘gaps’ passed the order, all limit orders are filled at the limit price requested – stop orders may be subject to slippage at market open or significant intra day gapping.
A contingent order, also known as an ´if done´ order, consists of a primary order, a stop loss and a limit profit order. You would first need to place a primary order, which can be a stop or limit order. A primary order is used to open a position. After placing the primary order, you can place another stop loss and/or limit profit order which will be linked to this unexecuted primary order. If this primary order is executed, both the stop loss and the limit profit order will be active. If either the stop loss or limit profit order is executed, the position will be closed.
A primary order is an order placed with the intention of opening a new position. A linked order is a limit profit order or a stop loss order placed with the intention of locking in your profits on an existing open position or protecting your position against losses.
Good till cancelled (GTC) denotes that as long as the market price does not reach the order price, your order will continue to be active until you decide to cancel it.
Good till end of day denotes that as long as the market price does not reach the order price, your order will continue to be active until the market closes for that day or until close of business on the day which is normally 10 pm UK time.
Good till date/time denotes that as long as the market price does not reach the order price, your order will continue to be active until the date and time that has been specified by you.
A sell stop loss order is executed at either the stop loss price or lower and a buy stop loss order is executed at either the stop loss price or higher. The reason why we say ‘or lower’ and ‘or higher’ is because a market can ‘gap’ through your stop loss level, and as a result you will be filled at the next traded price. Limit profit orders are always executed at the limit profit order price.
Stop loss orders are filled at your stop loss order prices or market prices. If you had initially placed a stop loss order to sell 10,000 GBP/USD at 1.5975 and the market traded through to 1.5975 -1.5977, your stop loss order would be filled at the best market sell (bid) price which is 1.5975. If a market ‘gaps’ through your price you will be filled at the next tradable price which can result in larger losses than you expected.
Spread Co allow to you to place Limit Buy and Sell orders; Contingent (if done) orders; Stop Loss and Limit Orders are available on our platform.
The purpose of an order placing distance is to prevent your orders being triggered while you are in the midst of placing them. This can happen especially when markets move quickly. In order to prevent this from happening, we input order placing distance so as to allow you to safely place your orders at least a few pips away from the market.
If an order fails due to insufficient funds an email will confirm
Select the market you wish to place a trade for and click ‘Trade’, which displays a trade ticket. Choose whether you wish to ‘Buy’ or ‘Sell’, input the ‘Stake’ or ‘Quantity’ and choose whether you want to add any ‘Stop Order’ and ‘Limit Order’ levels and then click ‘Confirm’
An order is placed above or below the current market price. The order will only be filled (executed) when the market price trades to the order price.
A trade is filled (executed) immediately based on current market sell and buy prices.
Yes, you can go long and short simultaneously on the same market.
You can trade at any time (24 hours) between 10PM on Sunday evening to 10PM on Friday evening (London Time) – given that the market you wish to trade is open. You will not be able to trade outside of these hours.
You can retrieve your trade, match and order history by logging into the trading platform. Match history is only applicable for clients who hold single positions accounts.
Daily statements are sent to you by email every day. Monthly statements are sent to you at the end of each month. You can also retrieve copies of daily and monthly statements from the trading platform.
If you think that the information shown in a statement is incorrect, please contact us within 2 days of the statement date by calling +44 (0)1923 832 609. Alternatively, you can email us. If you do not contact us within 2 days of the statement date, you will be deemed to have accepted the transaction(s) listed in the statement.
If you did not receive a statement, please call us on +44 (0)1923 832 682 or email us. Alternatively, you can always retrieve a copy of the statement from the trading platform.
Please call us on +44 (0)1923 832 682 or email our client services team at firstname.lastname@example.org
With our platforms you can trade wherever you are – at home, in the office, or when you’re out and about.
Some companies will charge you to hold a short index position. At Spread Co we won’t.
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