Which broker has the most access to liquidity?

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Originally Posted by ;

quote OK that makes sense. Is that the case with each Broker? Now this contributes to the following question: Is it possible to send the stop order as a limit order rather than a market order? What I mean by that is, a order that's observable in the order book? quote That part of you post does not make sense to me, because a limit order will likely be implemented at the input price because the order is in the orderbook. From my perception, that slippage you describe may happen to market orders, although not to limit orders. Here is an example: Let us say...

you dont ever want to send a halt as a limitation, why?

A stop loss is designed to get you from your commerce at whatever price you could get.

For instance....

You are short 1 million EURUSD @ 1.3050 before NFP. You have a stop loss on the market at 1.3100, the markets currently @ 1.3075 which means you are down $2,500.

The statement is ace risk so EURUSD pops and is in 1.3150 within 1 minute.

If you've got a stop limitation (buy if ask =gt; 1.31 and less than 1.3101, therefore its a 1 pip range) and then you are probably not going to find that price as the market will trade directly through it. This means you would get an order hanging on the server waiting to be filled at 1.3100 and an unrealised loss of $10,000

a stop order would have been slipped (poorly) but you'd have gotten a price and a far better outcome...

Pretty much all brokers will have enough liquidity to satisfy the requirements of 99% of the customer base and the majority of the clients with this forum. People discuss liquidity and also the next best thing, the bud has to be greener, etc.. Since they don't understand how liquidity and matches actually get the job done.