Admirals Publishes A Notice for Changes on Stop/Limit Settings for FX and CFD Instruments

Global retail FX and CFDs broker Admirals, previously known as Admiral Markets, has informed its clients of introducing a minor change to its trading terms, which should not affect more than 1% of its clients.

According to the official press release, beginning December 6, 2021, the required distance between the current price and new pending stop and limit orders on all FX and CFD instruments, including Take Profit and Stop Loss orders, must be equal to 1 typical spread or greater.

For example:

For the DAX40 CFD you must place a minimum distance of 1 point (or more), and for the EUR/USD, the stop needs a minimum distance of 0.8 pips.

All previously placed pending orders, including Stop Loss and Take Profit orders, are not affected by this change. These shall be executed according to conditions of the order, Admirals' Order execution policy, and Admirals' terms of service as described on its website.

The company emphasizes that this change does not affect traders' ability to close their trades by market orders whenever their trading strategy requires them to do so. This includes circumstances when a position's exit price is under 1 typical spread from the position's open price.

If a trader is using any Expert Advisors (EAs) or other position management automation tools which could place or modify pending orders near the current market price, the trader would need tp adjust their settings in accordance with this change.

"In our pursuit of the best possible offer within regulatory and market conditions, we regularly review our Forex and CFD trading terms across our platforms to ensure that they are well balanced and accurately reflect the prevailing conditions of underlying markets," the company stated.