Pending order execution slow

Beginner Questions
1

I’m a newbie and using some broker but I have 2 problems with this broker.

  1. There is a limit on where I can move my stop loss to. Is this normal?

  2. When I have pending orders, they often take time to execute. Is this normal?

Should I change the broker or what?

Please assist.

1 Like
2

In all honesty, I would do some research on the best brokers around, read reviews and go from there.

Not all brokers are created equally unfortunately.

3
  1. Yes.
  2. How long are they taking to execute?
4

@Jbrad94

  1. But I suspect this broker is restricting it too much. I choose them because of low spread, but the stop loss issue is disrupting my trading plans.

  2. It’s a few seconds. I’ve noticed that a place got to a level and moved away quickly, and the order remained unexecuted. I just noticed a wick at that level.

I must say this is not such a huge issue for me, the stop loss issue is the real problem for me.

5

@REaley thanks. I’ve done a bit of research and decided on this broker.

1 Like
6

Glad you got things sorted

7

I don’t have such issues with the broker I use. I think you should try other brokers to see the difference.

8

I use Forexchief, I find that the orders I place are executed promptly and the stop-loss is placed at the exact position I desire. If you are up for trying an overseas broker, you can give Forexchief a try.