Top 6 Best Brokers with Guaranteed Stop Loss List 2023

In this top-ten, we have listed the best brokers offering a Guaranteed Stop Loss feature. A guaranteed stop-loss can be a great risk management tool that you can leverage to prevent the loss of your trading capital.

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.

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

*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).

Review

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.

1. Plus500

• 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.

Visit Plus500
(77% of retail CFD accounts lose money)

2. IG Markets

• 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.

Visit IG Markets
(76% of retail investor accounts lose money)

3. EasyMarkets

• 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.

Visit EasyMarkets
75% of retail CFD accounts lose money

4. CMC Markets

• 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.

Visit CMC Markets
78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

5. City Index

• 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.

Visit City Index
75% of retail CFD accounts lose money

6. Markets.com

• 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.

Visit Markets.com
79,90% of retail CFD accounts lose money