Broker where I can set the end date of the Stop Loss order

lr1277

Hi


I am currently with Clubfinance Frequent trader. Their main advantages were cheapness and the ability to set stop loss orders where I set the end date of the stop loss (SL) order.
I have been informed this offering is going to be closed next month so I need to find an alternative S&S broker who is cheap and SL orders where I can set the end date.
A relative is with Charles Stanley, and while the fees are not as low as Clubfinance, they only offer stop loss orders for the next trading day. This is not suitable for me.


So do you have any suggestions for a cheap quality broker who offers SL orders where I set the end date?


Many thanks in advance.

dales1

Jarvis "Share deal active" seem to offer stop loss orders with a calendar end-date.


Jarvis are well-established and economical, and I suspect these deals may be fee-free unless/until they go through (but don't quote me on that).


They have a cheaper arm - XO - but I cannot say if XO do stop-losses.



Dales.

bowlhead99

Most brokers have stops and limits with expiry dates, though not usually longer than 90 days. If you're a broker and going to offer the facility it is trivial to allow it to last more than a day. I'm surprised that Charles Stanley don't do this and wonder if your relative at CS was mistaken or if there was some specific corporate action affecting a particular stock where they were unwilling to offer the normal longer stop period.


AJ Bell Youinvest, Interactive Investor, Hargreaves Lansdown, Barclays Stockbrokers - all these have stop and limit orders (although won't necessarily do it for overseas markets or companies listed in a currency other than sterling).



At the cheaper end of the scale, Jarvis's x-o.co.uk mentioned above does mention stop losses in their online user guide but doesn't mention dates - you could always drop them an email if none of their customers reply to this thread. SVS Securities' svsxo.com offering is another cheap one to look at, although like x-o.co.uk they only offer UK markets.

lr1277

Thanks for the information and ideas.

In terms of CS direct, I have traded for this relative with their permission. So on using the CS website, I could only find a way to set a stop loss order for the next trading day. This was a couple of years ago, so things may have changed. I see on another thread today that CSD are increasing their fees to 0.35%.