The best brokers with Guaranteed Stop Loss feature, according to our research, are:
- Plus500
- IG Markets
- EasyMarkets
- CMC Markets
- City Index
- Markets.com
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.
Round-up
Here is a quick roundup of the key information in table form.
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
| BROKERS | GUARANTEED STOP LOSS | ADDITIONAL COSTS FOR GSL | MINIMUM DEPOSIT |
|---|---|---|---|
| Plus500 | Yes | Wider spreads | $100 |
| IG Markets | Yes | Commission* | $250 |
| easyMarkets | Yes | No | $25 |
| CMC Markets | Yes | Commission** | $0 |
| City Index“ | Yes | Commission*** | $100 |
| Markets.com | Yes | No | $100 |
*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.
Plus500
Plus500 provides a Guaranteed Stop Loss, which traders set within specific distances from the current price. Plus500 charges a wider spread once activated and it cannot be removed after setting.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Plus500
Plus500 is a global fintech company founded in 2008, offering online Futures trading services in different markets such as Agriculture, Cryptocurrencies, Metals, Commodities, Forex, Interest Rates, Energy and Equity Indices. Plus500 provides proprietary web and mobile trading platforms. Plus500 is regulated by multiple top-tier authorities including FCA, ASIC, and CySEC. Plus500 is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The Plus500 CEO is David Zruia since April 2020.
Plus500 Features
The features of Plus500 are listed below.
- Plus500 provides Guaranteed Stop Loss on their proprietary platform.
- A GSLO with Plus500 can be set only in specific situations.
- When opening a new position on the Plus platform and once you’ve set the GSLO, it cannot be removed, though the level can be modified.
- Moreover, the Plus500 GSLO must be placed within specific distances from the current price of the instrument chosen by you.
- With Plus500, you will get charged a wider spread once you set the GSLO on your position. Additionally, once activated, the wider spread charge cannot be refunded.
Plus500 Pros and Cons
Advantages of Plus500
The advantages of Plus500 are listed below.
- Well-regulated CFD provider
- Over 2000 tradable CFDs
- Unlimited demo account offered
Disadvantages of Plus500
The disadvantages of Plus500 are listed below.
- Limited Regulatory Protections for Professionals
- Inactivity fees
- Limited deposit methods
IG Markets
IG Markets offers a Guaranteed Stop Loss at a cost if the stop triggers. IG Markets allows increasing the GSLO distance and calculates cost based on the market conditions before deal initiation.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About IG Markets
IG Markets is a global online trading provider founded in 1974, offering access to over 17,000 financial markets including forex, stocks, indices, commodities, and cryptocurrencies. IG Markets provides proprietary trading platforms alongside MetaTrader 4 and ProRealTime. IG Markets is regulated by multiple top-tier authorities worldwide, including the FCA and ASIC. IG Markets is known for competitive spreads, extensive educational resources, and innovative features like weekend trading. The IG Markets’ parent company “IG Group” CEO is Breon Corcoran.
IG Markets Features
The features of IG Markets are listed below.
- IG Markets offers the Guaranteed Stop Loss feature with a cost, but only if the stop is triggered.
- The cost of the IG Markets GSL service depends on the market you are operating on.
- If the stop is triggered, IG Markets will charge you for that. You can see the guaranteed stop cost, called Stop Premium, before opening a deal as it will be shown near the bottom of the ticket.
- If the IG Markets GSL is triggered, the Stop Premium will be displayed in your history and overnight statement.
- The Stop Premium is calculated as follows: Number of contracts x Value per point x Stop Premium. e.g: 1x$10×1.40= US$14.
- Remember, with IG Markets, when the asset is closed, you can only increase the distance of your GSLO and not decrease it.
IG Markets Pros and Cons
Advantages of IG Markets
The advantages of IG Markets are listed below.
- Low spreads from 0.6 pips on Forex
- Wide range of financial instruments
- 40 years of experience in the Forex industry
Disadvantages of IG Markets
The disadvantages of IG Markets are listed below.
- No copy trading features
- No social trading features
EasyMarkets
EasyMarkets provides a free Guaranteed Stop Loss, ensuring trade closure at the set level. EasyMarkets allows setting the GSLO on every asset and modifying it as desired.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About EasyMarkets
EasyMarkets is a global forex and CFD broker founded in 2001, offering trading on currencies, commodities, indices, cryptocurrencies, and stocks. EasyMarkets provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. EasyMarkets is regulated by multiple authorities including CySEC and ASIC. EasyMarkets is known for innovative features like dealCancellation and fixed spreads. EasyMarkets serves clients worldwide and has received numerous industry awards. The EasyMarkets CEO is Nikos Antoniades.
EasyMarkets Features
The features of EasyMarkets are listed below.
- easyMarkets offers the free Guaranteed Stop Loss feature on its proprietary platform and mobile apps, ensuring that a trade will be closed at the very specific level set by you if the market goes against you.
- Setting a guaranteed stop loss on a position with easyMarkets comes with no extra cost.
- easyMarkets clients can set a GSLO on every asset.
- easyMarkets clients can modify a GSLO if they wish.
EasyMarkets Pros and Cons
Advantages of EasyMarkets
The advantages of EasyMarkets are listed below.
- Innovative Risk Management Tools
- User-Friendly Platform
- Regulatory Trust
Disadvantages of EasyMarkets
The disadvantages of EasyMarkets are listed below.
- Limited Tradeable Symbols
- Higher Spreads on Some Accounts
- Outdated User Experience
CMC Markets
CMC Markets provides a Guaranteed Stop Loss with a premium, refundable if untriggered. CMC Markets imposes specific conditions, such as minimum distance from current price, for GSLO application.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About CMC Markets
CMC Markets is a global online financial trading company founded in 1989 and headquartered in London. CMC Markets offers trading on forex, indices, commodities, cryptocurrencies, and shares through CFDs and spread betting. CMC Markets provides proprietary and MetaTrader platforms for desktop, web, and mobile. CMC Markets is regulated by multiple authorities including FCA, ASIC, and BaFin. CMC Markets is listed on the London Stock Exchange. The CMC Markets CEO is Lord Peter Cruddas.
CMC Markets Features
The features of CMC Markets are listed below.
- CMC Markets provides the Guaranteed Stop Loss under some conditions.
- First of all, GSLO with CMC has to be placed at least a minimum distance away from the current price and can only be placed initially during the trading hours of the asset.
- CMC does not provide the GSL on every asset you wish to trade on, so check first.
- Second of all, there is a cost (GSLO premium) of the GSL service which is calculated: Premium Rate x Number of Units. The Premium Rate is found in the product overview on the CMC platform.
- CMC clients will find that the GSLO premium will be refunded if a GSLO is not triggered.
- Last, with CMC you can cancel a GSLO or switch to a regular stop-loss order or trailing stop-loss order anytime you want with no extra cost.
CMC Markets Pros and Cons
Advantages of CMC Markets
The advantages of CMC Markets are listed below.
- Regulatory Trust
- Low Trading Costs
- Extensive Trading Platform
Disadvantages of CMC Markets
The disadvantages of CMC Markets are listed below.
- Complex Fee Structure
- Limited Funding Options
City Index
City Index offers a GSLO, charging a fee only when triggered. City Index calculates charges based on asset type and position size, providing modification flexibility during trading hours.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About City Index
City Index is a global forex and CFD broker founded in 1983, offering trading on currencies, indices, commodities, cryptocurrencies, and stocks. City Index provides proprietary platforms alongside MetaTrader 4. City Index is regulated by multiple top-tier authorities including FCA, ASIC, and MAS. City Index is known for competitive spreads, extensive research tools, and educational resources. City Index is part of the NASDAQ-listed StoneX Group. The City Index’s parent company “StoneX Group Inc.” CEO is Sean O’Connor.
City Index Features
The features of City Index are listed below.
- With City Index, if you wish to set a guaranteed stop loss, you will only pay a small fee (GSLO premium) for added protection if your GSLO is triggered.
- With City Index, the cost of your Guaranteed Stop Loss Order is calculated depending on the asset type and on your position size.
- For assets like UK100 or US Crude Oil, the formula is as follows: Number of Points set by the broker x Quantity of CFDs charged in base currency. e.g. you’ve bought 2 CFDs of US Crude Oil. The number of points for US Oil is 4. The Premium GSLO is 4×2=8.
- Note that the City Index GSL service is now available for all 12,000+ assets.
- City Index allows clients to amend the level of a GSLO for free after placing a trade only during the trading hours. You can instead cancel the GSLO anytime you want.
City Index Pros and Cons
Advantages of City Index
The advantages of City Index are listed below.
- Regulatory Trust
- Advanced Trading Tools
- Diverse Market Access
Disadvantages of City Index
The disadvantages of City Index are listed below.
- Limited MetaTrader Options
- Educational Content Gaps
- Customer Support Issues
Markets.com
Markets.com allows setting a Guaranteed Stop Loss, without minimum distance constraints. Markets.com enables GSLO modification anytime during active positions and offers asset-wide availability, depending on location.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Markets.com
Markets.com is a global online broker established in 2008, offering trading on forex, stocks, indices, commodities, and cryptocurrencies through CFDs. Markets.com provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. Markets.com is regulated by multiple authorities including CySEC, FCA, ASIC, FSCA, and FSC. Markets.com is known for its extensive educational resources and AI-powered trading insights. The Markets.com parent company “Finalto Group” CEO is Matthew Maloney.
Markets.com Features
The features of Markets.com are listed below.
- Guaranteed Stop Loss with Markets.com is not available for all the clients depending on your location/jurisdiction.
- The GSLO can be changed after your Markets.com position is opened and you can modify it anytime you want.
- With Markets.com, there is no minimum distance to meet when placing the GSLO.
- Markets.com allows you to set a GSLO on all the assets.
- Also, note that even with a GSLO attached to your position, Markets.com still gives you the possibility to set a Stop Loss or Take Profit.
- A Markets.com personal account manager can help you if you have any doubts about GSLO.
Markets.com Pros and Cons
Advantages of Markets.com
The advantages of Markets.com are listed below.
- High Trust Score
- Wide Range of Trading Platforms
- Comprehensive Educational Resources
Disadvantages of Markets.com
The disadvantages of Markets.com are listed below.
- Above Average Spread Costs
- Limited Payment Options
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.