Visit Plus50077% of retail investor accounts lose money
Visit IG Markets69% of retail CFD accounts lose money
Visit EasyMarkets75% of retail investor accounts lose money
Visit CMC Markets78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
Visit City Index70% of retail CFD accounts lose money
Visit Markets.com79,90% of retail investor accounts lose money
The best brokers with Guaranteed Stop Loss feature, according to our research, are:
- IG Markets
- CMC Markets
- City Index
To compile this list, we have taken into consideration:
- If Guaranteed Stop Loss is provided;
- If the Guaranteed Stop Loss service comes with additional costs;
- Specific features or situations to know about when setting a GSL with the broker.
Here is a quick roundup of the key information in table form.
|GUARANTEED STOP LOSS
|ADDITIONAL COSTS FOR GSL
*Number of contracts x Value per points x Stop premium.
**Premium rate x number of units.
***Number of points set by the broker depending on the market x quantity of CFDs (e.g. indices, forex, commodities) or Percentage x notional trade value (e.g. equities).
What are the best Guaranteed Stop Loss forex brokers?
Below is a list and review of the top brokers with guaranteed stop loss. Please note that the service may not be available in some locations.
So before you choose a broker, check if the service is available in your present country.
What is a Guaranteed Stop Loss in trading?
A Guaranteed Stop Loss (GSL) is a risk management tool ensuring a trade is closed at a specified price, regardless of market volatility or slippage. Unlike standard stop losses, GSLs protect against unexpected market gaps but may come with additional fees.
In general terms, a stop loss is a tool that allows traders to limit their potential losses by automatically closing out a position once the market hits a predetermined price level. In the volatile world of forex, sharp market movements can sometimes lead to “slippage,” which means the execution of the stop loss might occur at a less favorable price than what was set by the trader.
However, a “Guaranteed Stop Loss” ensures that the trade will be closed at the exact level specified by the trader, irrespective of any market gap or slippage. This guarantee can be especially important during market events or when the trader cannot constantly monitor their positions.
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