Forex Brokers with Guaranteed Stop Loss

Forex brokers with guranteed stop loss
Forex brokers with guranteed stop loss

How to Find Best Forex Brokers with Guaranteed Stop Loss

When you are trading it is important to execute trades at the requested price levels that you want. That is why you should consider stop loss. Keep reading and we will learn more about how to find the best forex brokers with guaranteed stop loss is.

Stop-loss is a market safety measure that helps to limit the losses you might suffer while still being able to make a profit. If it is easier, consider a Forex stop loss as a guarantee against price gaps, market changes, and other unexpected changes that are difficult to account for. Fluctuations happen in any market you may be using.

What Are Price Gaps And Slippage?

A gap is created when a currency pair has a difference in price between the end of market trading on a Friday and the beginning of trading on Monday. A visible gap can sometimes be found in this trading and that gap can cause issues with orders that are left. Orders and stops that end up in the gap are not completed.

Slippage is when a price difference is changed very quickly. This may happen when you have an order set for a specific date and time and then a disaster hits or a market has a sudden change. The price slips. In most conditions, a stop is filled when you a next good available price can be found. You will occur slippage though.

Guaranteed Stop Losses During Gaps And Slippages

When you have a guaranteed stop loss in effect, your order is executed no matter what conditions you find yourself in. Your order is guaranteed to be completed no matter what. Price gaps and slippages are not excluded, your order will still be executed.

Why Traders Might Like Stop Loss Guarantee

Professional and experienced traders create plans for trading and sometimes that includes needing to trade after or during press releases or when market conditions aren’t at a peak. Sudden market changes can sometimes be predicted or part of a plan. For traders that need to be able to trade when a normal broker will hold orders and stops, need to look for a guaranteed stop loss Forex broker.

Facts To Keep In Mind When Considering Guaranteed Stop Loss When Trading in Foreign Exchange

There are a few facts that you should keep in mind when you are considering trading in foreign exchange. Take a look at them:

  1. You can only place orders or stops 5% from the close of the market
  2. Guarantees may not always be available
  3. Your Forex broker has discretionary power when considering stop-loss trades
  4. Stop-loss trades can be called in over the phone with most brokers instead of online
  5. Stop-loss trades come with limitations depending on the market, it depends on the market and broker
  6. A majority of Forex brokers do not offer guaranteed stop loss due to concerns and the need for knowledge to operate the system
  7. You might incur fees or additional costs when conducting stop loss trading
  8. The opposite of guaranteed stop loss is a limit order

The Cost Of Making A Guaranteed Stop Loss

As we mentioned, a guaranteed stop loss often includes a fee. The fee is also known as a premium. If you decide to order with a stop loss, you will notice that it is typically wider by 3 points. Exact fees or premiums depend on the broker you are using.

The most recommended time to use a guaranteed stop loss is when you are expecting high impact events or one has recently happened. It helps to ensure trading during slippage.

The Brokers That Offer Guaranteed Stop Loss

There are a number of brokers that offer guaranteed stop loss from those we have put together a quick list. Here it is:

Min. Deposit
Max. Leverage
Trading Platforms
Visit Site
xm logoASIC,CySec,FCA$51:888MT4, MT5, XM WebTrader
Click Here
IG logoFCA, ASIC, MAS, JFSA, DIFC, CFTC, FINMAGBP 250, 1:30MT4, IG Proprietary
Click Here
easy marketslogoASIC,CySEC$1001:400MT4, easyMarkets App, Web Platform
Click Here
trading212 logoFCA, FSC$1501:30Proprietary Platform and Apps
Click Here
plus500 logoFCA, CySEC, ASIC, MAS$1001:30Plus500 Platform
Click Here
pepperstone logoFCA, ASIC$2001:500MT4, MT5, cTrader
Click Here
xtb logoFCA$2501:30MT4, xStation 5
Click Here
hycm logoFCA, CySEC, DFSA, CIMA1001:30MT4
Click Here
ic market logoASIC2001:500cTrader, MT4, MT5
Click Here logoFCA, IIROC, ASIC, CFTC$501:40MT4, Platforms
Click Here
city index logoFCAGBP1001:400MT4, Advantage Web, AT Pro, Mobile Trading AppsClick Here
forex ct logoASIC$5001:400WebPROfit, MobilePROfit, Mirror TraderClick Here
rakuten logoASIC, SFC$501:400MT4, Rakuten FX
Click Here
tickmill logoFCA, FSA, CySEC
$251:500MT4Click Here logoCySEC$ Web, Mobile
Click Here

All of the brokers on this list are regulated. We recommend using one of these brokers or one that you have thoroughly researched. This will help to ensure that you have a proper trading setup.

Read also: Fixed Spread Forex Brokers