Plus500Visit Plus50077% of retail investor accounts lose money
IG MarketsVisit IG Markets70% of retail CFD accounts lose money
EasyMarketsVisit EasyMarkets75% of retail investor accounts lose money
CMC MarketsVisit CMC Markets78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
City IndexVisit City Index75% of retail CFD accounts lose money
Markets.comVisit Markets.com79,90% of retail investor accounts lose money
A Guaranteed Stop Loss broker refers to a brokerage firm which offer to its traders the service of Guaranteed Stop Loss (GLS).
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.
In this top-ten, we have listed the best brokers offering a Guaranteed Stop Loss feature.
We have taken into consideration:
- If the GSLO is provided;
- If the GSLO service comes with additional costs;
- Specific features or situations to know about when setting a GSLO with the broker.
Here is a quick roundup of the key information in table form.
|BROKERS||GUARANTEED STOP LOSS||ADDITIONAL COSTS FOR GSL||MINIMUM DEPOSIT|
*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 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.
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