New Order Facility

FinancialSpreads.com are please to announce the launch of their upgraded new Order facility.

This document provides details of the changes that we’ve made. To summarise, the changes made:

1) You can now amend your stop-loss and add a limit order right after your trade has been confirmed.
2) You can now add a stop-loss and limit order to New Orders
3) You can now add an OCO (one-cancels-other) Order to your New Order

For full details of the changes to our system, please keep reading:

Stop and Limit Order Flexibility

We have added a new function to the trading ticket, which allows you to amend your stop loss and add a limit order right after your trade has been confirmed.

When you click on the Orders button above, you will see this new ticket:

Contingent Orders

We have built a comprehensive Contingent Order facility, which includes an "If Done" and "OCO" (one cancels other) instruction. This means you can create a New Order to open a new bet when our quote hits the Level that you requested.

To create a New Order, go to the product of your choice and click on the ORDER button:

Once you’ve clicked on the Order button, this ticket will appear:

OCO (One Cancels Other) Orders

If you have a New Order instruction in place, you can add an OCO (one cancels other) instruction. This means you can leave two independent instructions in the same product and if one is executed, the other will be cancelled.

For example, if your New Order is a Buy bet of £10 in the Wall Street @ 10000, you could also leave an OCO sell bet of £10 @ 9960. If the sell bet is filled/executed first, the buy bet will be cancelled and vice versa, hence the phrase, one cancels other.

You can also set a stop-loss and limit order to both your New Order and OCO order.

When you click the confirm button, you will get confirmation of all the instructions that you’ve left as follows:

You will then receive an order number for this instruction:

You may amend any of these instructions by going to your Order Book and clicking the amend button:

Adding a Limit Order

If you wish to add a limit Order at a later stage, go to the ORDER BOOK section of your account and click on the AMEND button for the Stop-Loss associated with your trade.

You can then add a Limit Order, as detailed below:

You can of course attach a Limit Profit order at the time of trading.

If you have any problems using our new Order Facility, please do not hesitate to call our Customer Support team on +44 (0)20 7456 7061 or email support@FinancialSpreads.com