Making a trade
Click the TRADE button and the trade ticket will appear in a new column to the right-hand side.
Now all you need to do is adjust your stake and decide if you wish buy or sell. Live prices will continue to update until you click the buy or sell button.
You can choose your stake by either using the up or down arrow or typing in the stake manually.
At the same time as placing your trade you can set the level at which you wish your mandatory stop loss and limit order (if you want one) to be.
Remember, stop losses* are automatically allocated to every open trade, but you can specify the level yourself at the time of opening a trade.
* Stop losses are not guaranteed so are subject to slippage, but we do offer the ability to place guaranteed stop losses on some markets and there is a premium for this extra protection (see the Market Information).
Once you’ve clicked either the buy or sell button and your trade has been accepted you will get on screen confirmation plus confirmation by email.
If you notice any discrepancies, please contact us immediately, preferably by telephone.
Multiple trade tickets and tear-off
If you already have a trade ticket open, you can click on TRADE next to another market in order to launch another trade ticket. The second one will be launched above the previous trade ticket in the column on the right-hand side.
You can open as many trade tickets as you want, but it is not possible to open more than one trade ticket in the same market.
You can click the tear-off icon and your trade tickets will be opened in a new window.
Closing a trade
If you decide to close your trade, you can do this by clicking on the “Open Positions” tab to view your open positions. In this page you will see a CLOSE button on the right hand side. If you click this button, you will only be given one option either a buy or a sell depending on the direction of your original trade. For example, if you had a buy position you would need to sell to close so only the sell button will appear when you click on the close button.
Alternatively, you can close your trade by finding the original market that you traded, ensuring that the stake size is equal to your original open position and then making a trade in the opposite direction. For example, if you make a £5 buy to open, you will need to make a £5 sell to close.
Cherry picking which trade you want to close
If you have opened more than one individual trade in the same contract, the total stake will be shown with the average opening price. For example, if you bought £1 per point on the FTSE Rolling at 5050 and then bought another £1 per point at 5100, your open position would show a buy of £2 per point at 5075.
Each open position has a “+” symbol next to it which will reveal each individual trade if you have a position with multiple individual trades (as explained in the paragraph above). This allows you to close your trades in any order you want.
If you do not want to cherry pick which trade you want to close, the closing trades work on a first in, first out basis. This means that if you initially buy £1 a point in the FTSE Rolling Daily at 6000 and then subsequently by another £1 a point in the same market at 6005 (leaving you long £2 per point) the first sell you make will close out the first position opened, in this case the buy at 6000. So, if your first sell was at £1 per point at 6010 then you would realise a profit of £10 on that trade. (6010 – 6000). If your second sell was at 6007 then this would close out you second buy (6005) and you would realise a profit on this trade of £2 (6007 – 6005).
Partially closing an open position
If you decide you want to lower your initial stake and partially close a position you can do this by either finding the original product that you traded and adjusting the stake size (which will be less than your original stake) and then making a trade in the opposite direction or by clicking on the close button in Open Positions and using the down arrow to adjust your stake lower. In the example above, you initially made a £5 buy to open and then you decide you want to partially close your position to make your stake size £2. You would need to sell £3 to close this part of your position.
Close and reverse an open position
If you decide you want to change the direction of an open position by closing it and reversing in just one trade you can do this by finding the original product that you traded, adjusting the stake size (which will be more than your original stake) and then making a trade in the opposite direction. So, using the example above, you initially made a £5 buy to open and then you decide you want to close and reverse your position by selling £8. By doing this action your £8 sell would close the original £5 buy position and instantaneously open a new £3 sell position, at the same price.