27-08-2004, 08:58
|
#5
|
|
level 3
Join Date: Jun 2003
Posts: 214
Downloads: 0
Uploads: 0
Rep Power: 0 
|
GFT
apparently GFT still offers a "guarantee" at this time
Quote:
Guaranteed fills up to $20 million on stop-loss and limit orders *
Global Forex Trading, unlike many retail forex companies, plots its tradable prices on the major markets. This allows our clients to see exactly what prices are trading and have traded directly from our dealing desk. What used to be implied is now guaranteed by GFT. What you see on the chart, determines if your order is due to fill or not. Global Forex Trading will guarantee that if you see your price trade on our charts you are filled on your order. **
No Slippage on client orders *
Slippage is often a concern by customers, and it should be, because there are companies in the retail and institutional sector that specialize in precise slippage on stop orders to expand their revenues from clients. Global Forex Trading has an unwritten rule of filling customer orders at their respective stop price, unless extreme market movements dictate otherwise. But, we take this notion one step further by guaranteeing fills on stop-loss and limit orders on up to 20 Million. *
(Click here for a list of the maximum fill for each corresponding currency pair.)
* Does not include bad price spikes. Bad price spikes are removed from the price charts quickly to alleviate confusion. Does not apply outside of GFT trading hours or during fundamental announcements.
** Does not apply outside of GFT trading hours or during fundamental announcements.
Weekend Stop and Limit Orders
Stop and limit orders during weekend and holiday hours work different during times when some or all of the markets are closed. When trading is halted due to a holiday or weekend, it is important to note how stop and limit orders are treated.
If the currency cross opens at or beyond your stop or limit rate then your stop or limit will be filled at that opening market rate. This means that your stop orders may be filled at rates that are poorer than the order rates. Likewise, your limit orders may be filled at rates that are better than the order rates.
|
GFT |
|
|