To: dpaterso
Friend of mine opened real account with GCI and started compaining about them. They always requote, usually 1-3 pips worse than you initially intended to enter market. Exapmle: lets say you're long and you have stop loss at 1.9650. When the price goes down and ticks from 1.9651straight to 1.9649 platform says something like "There wasn't price 1.9650, current price is 1.9649, would you like your stop loss order to be executed at this price?" and then system gives you like 5 seconds to respond. If you don't or by any chance you're not in front of your computer, you missed your chance and platform will not close your position even at 1.9649. Then if price continues to fall you're in trouble. This happent under normal market conditions. During news release slippage is tremendous. That's what I know about GCI. Finally he withdrawed his money back (much less than he initially deposited).
|