For traders who cannot watch their screen the whole time and like to trade with high leverage, guaranteed stop loss is an excellent tool to use. Read further to find out more.

Forex Brokers Offering Guaranteed Stop Loss

Many traders are attracted to forex trading because they can get high leverage from the brokers, which then may increase their ability to gain more profits from relatively small accounts. Therefore, every trader needs a good risk management system so they can have better control over their funds and minimize the possibility of getting unexpected losses.

Stop loss is one of the most used risk management tools that could close orders on a particular set level to secure trading positions against unexpected market changes. Some brokers offer an even more sophisticated tool than the regular stop loss called guaranteed stop loss.

Here's the list of brokers offering guaranteed stop loss:

  1. XM: Allows stop loss on orders up to 50 lots.
  2. easyMarkets: Guaranteed stop loss that enables them to set a limit up to the maximum risk.
  3. Plus500: Providing guaranteed stop loss by paying a certain amount of fees.
  4. IG: Traders can activate guaranteed stop loss by paying some fees. 
  5. City Index: Traders can activate guaranteed stop loss and pay the fee only when it is triggered. 

Let's take a look at the benefits of guaranteed stop loss offered by brokers in the article below.

 

Brokers Offering Guaranteed Stop Loss

Despite all of the benefits of using guaranteed stop loss, it is unfortunate that not all brokers offer this feature. That is why it is important to make sure to consider these factors before you choose a broker:

  • Ensure that the broker is licensed and regulated by international regulatory bodies. This is important because the broker must comply with the regulatory bodies' rules to maintain its clients' funds safety. Also, this adds a layer of protection for traders if there's a dispute with the broker.
  • Check the reputation of the broker among traders. Make sure to read the reviews from other users and see if the broker's trusted or not.
  • Consider the fees to acquire guaranteed stop loss.
  • Check the broker's deposit and withdrawal methods.
  • Make sure that the broker provides responsive customer support.

To make your research easier, we have listed 5 top brokers offering guaranteed stop loss:

 

1. XM

XM is a top broker that was first established in 2009, known for its various choices of assets, competitive spreads, and multiple trading account types. The broker is under the regulation of ASIC, IFSC, and CySEC. There are more than 1,000 instruments and over 50 currency pairs offered from a single trading account.

As for the time of the writing, XM offers four trading account types: Micro, Standard, Ultra-low, and Shares. With only $5, traders can open a Standard or Micro account, while for the Ultra-low and Shares, traders must pay a minimum deposit of $50 and $100 respectively. Regarding the guaranteed stop loss feature, XM allows stop loss on orders up to 50 lots at the best available market price. The maximum leverage allowed by the broker is up to 888:1.

🌐 Website
www.xm.com
Leverage
1:1000
💼 Regulation
💲 Min Deposit
$5
Year Established
2009

Bonuses
Personal manager
Segregated accounts
Free education
Trading by phone
Compensation scheme
Negative balance protection
VPS
Affiliate program
Copy trading
Webinar
WebMoney
Skrill
Wire transfer
Neteller
CashU
QIWI
FasaPay

XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.

Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.

XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.

 

2. easyMarkets

easyMarkets is the next top broker that was launched in 2001, regulated by ASIC and CySEC. It is known to be a beginner-friendly broker and quite popular because of its innovative Freeze Rate and dealCancellation features.

The broker offers a range of at least 200 instruments and more than 150 currency pairs to trade. It also provides a forex demo account for beginners. The spread offered in this broker is fixed regardless of the market's condition, and the deposit and withdrawal processes are free of charge.

easyMarkets gives traders free access to guaranteed stop loss that enables them to set a limit up to the maximum risk when trading. The broker then will close the order once the price hits the stop loss or when the market moves unexpectedly. For European Union traders, the maximum leverage is 1:30, while for Australian traders, the maximum leverage is 1:400.

🌐 Website
easymarkets.com
Leverage
1:400
💼 Regulation
💲 Min Deposit
$25
Year Established
2001

Bonuses
PAMM
Personal manager
Trading contests
Segregated accounts
MAM
Free education
Trading by phone
WebMoney
Skrill
Wire transfer
Neteller
FasaPay

Since 2001, easyMarkets have been writing their stories in financial markets. Simple, Honest, and Transparent, become three values that are carried on easyMarkets. The company has tried to make the process of trading as simple as possible.

They rebranded from easy-forex to easyMarkets in 2016. Over the years, easyMarkets expanded their CFD offerings to include global indices, options, metals, forex, commodities, and cryptocurrencies. The company is licensed by CySEC and ASIC.

Another privilege when trading in easyMarkets is its own platform. easyMarkets platform is simple and versatile. Based on reviews from traders, it's friendly to new clients and hosts a lot of features for experienced traders. Clients also receive free guaranteed stop loss, no slippage, fixed spreads, and no funding or withdrawal fees from easyMarkets.

There are three uniques features in the platform. Firstly, dealCancellation gives traders the ability to "undo" their trade. easyMarkets is the only broker that offers a way to close trade before it reaches 60 minutes duration only with a small fee.

Furthermore, traders can enjoy the Inside Viewer. This tool gives traders a deeper understanding of market sentiment by showing them percentage of buying and selling executed in the platform. The third unique feature is Freeze Rate. traders can pause a rate and place their trade at the "frozen" rate using this tool.

easyMarkets also includes financial calendar, market news, trading charts, and trading signals as the platform's perks. They also offer the technology on the mobile interface via iOS and Android devices. Traders can access markets anywhere and at any time.

MetaTrader 4 is also provided by easyMarkets. When using this popular trading platform, traders will get negative balance protection and fixed spreads. Besides that, Vanilla Options is available in this broker.

Because of those innovations, easyMarkets is an award-winning broker, receiving Forex Broker 2019 by The Forex Expo-Dubai, Most Innovative Broker 2018 by World Finance Markets Awards, Best APAC Region Broker 2018 by ADVFN International Financial Awards, Most Transparent Broker 2017 by Forex-Awards, Best Forex Service Provider 2017 by FXWord China, and many more over the years.

Moreover, easyMarkets offers three account types, such as VIP Accounts, Premium Accounts, and Standard Accounts. All of them can be accessed by the Web/App and MT4 platform. easyMarkets provide maximum leverage at 1:200 when using easyMarkets Web/App platform, and maximum leverage of 1:400 when using MT4.

Fixed spreads start from 1.0 pips in forex trading. Traders can become easyMarkets VIP clients with some benefits, such as trading via telephone, access to the tightest fixed spreads, personal analyst, and real-time market updates via SMS.

Traders do not need to pay additional fees whethere it is for commission, account fees, or deposit withdrawal. Account currencies are available in 18 options including EUR, CAD, CZK, JPY, NZD, USD, SGD, and many more. The company offers multiple ways to deposit and withdraw funds, some of them are credit/debit cards, bank transfers, and a ion of eWallets like Neteller, Skrill, and Fasapay.

For any questions or assistance, traders can contact the company directly at one of their local offices or at their headquarters in the Marshall Islands. Besides, traders can chat with their customer service by email, Facebook, WhatsApp, Viber, and Live Chat.

Based on the review above, easyMarkets provides easy-to-use platforms with some unique tools and it can be accessed by traders anytime and anywhere. Besides, traders do not need to pay extra fees for trading commission and deposit/withdrawal fees. Traders who register in easyMarkets can enjoy low spreads in EUR/USD pairs from 0.9 in the MT4 platform.

 

3. Plus500

Plus500 is a top forex and CFDs online broker that was established in 2008. The broker is highly regulated by the CySEC, ASIC, UK Financial Conduct Authority (FCA), Seychelles Financial Services (FSA), Israel Securities Authority (ISA), and Monetary Authority of Singapore (MAS). Other than that, the broker also keeps the traders' funds in a segregated account and uses SSL encryption for extra safety.

There are over 2,000 instruments offered by Plus500, including forex, CFDs, shares, commodities, etc. The broker offers the maximum leverage up to 1:30 but allows the Professional account holders to use leverage up to 1:300.

Traders who can't afford to take the high risk of losing money can choose the guaranteed stop loss feature when trading with Plus500 by paying a certain amount of fees. While the deposit and withdrawal processes are free of charge, the broker could apply fees to other features such as overnight funding, currency conversion, and account inactivity.

🌐 Website
www.plus500.com
Leverage
1:300
💼 Regulation
💲 Min Deposit
$100
Year Established
2008

Bonuses
PayPal
Skrill
Wire transfer

Plus500 is a UK-based company with its main offices located in the city of London. The company is authorized and regulated by FCA. For traders who are looking for a broker with top-tier regulators, Plus500 can be the right choice.

Plus500 offers 2,000 instruments to over a million clients. List of instruments available for trading with their CFD service include forex currency pairs, indices, cryptocurrencies, commodities, shares, and ETFs. Traders can choose instruments suitable for their needs.

Regardless, beginners should be extremely cautious while choosing their assets, as it can get daunting, confusing, and inherently risky.

When traders open an account, Plus500 will hold traders' funds on a segregated basis, following FCA's client money rules. Traders do not need to worry about Plus500 using their funds for hedging, as it is strictly prohibited to use clients' funds for this purpose.

Other advantages when trading in Plus500 are tight spreads and no commissions. The company only offers a single type of account, but traders can update the account from Retail to Professional by following some standards.

To apply Professional Accounts, traders have to fulfill at least 2 of the following 3 criteria eligible, such as sufficient trading activity in the last 12 months, financial instrument portfolio of over 500,000 Euro, and relevant experience in the financial services sector.

Plus500 is well-regarded for its services through the market spread, leverage up to of 1:30 for Retail Accounts, and leverage up to of 1:300 for Professional Accounts. Plus500 tries to give a sensible choice of leverage, which not only controls the risk but also helps novice traders to exercise more control over their trading emotions.

Founded in 2008, Plus500 provides almost the same features to both Retail and Professional account, including clients' money protection, negative balance protection, best execution for orders, clear and transparent information, as well as financial services compensation scheme. Still, Professional account is more advanced as it has access to FOS.

Based on the statistics, 76.4% of Retail account owners in Plus500 lose money when trading CFDs. Because of that, Plus500 always warns traders to consider their understanding of how CFDs work and their affordability to take high risk of losing money, before starting a trade in Live Account.

Even so, Plus500 has gained the trust of traders throughout the world. They have around 39 million positions opened, 304,000 active customers, and billions of volume trading processed by their system.

Plus500 always tries to give the best services to their clients. One of the ways to reach their goals is by making clients feel confident in their trading activity. They have a simple and easy-to-use trading platform, with an especially well-designed mobile platform. Traders can access the Plus500 platform via web-trader, iPhone/iPad, and Mobile App.

In their platform, traders will get advanced tools such as stop limit, guaranteed stop, free email and push notifications on market events, and alerts on price movements. All of these tools can help traders to navigate the market with better understanding.

As for payment methods, Plus500 provides various choices like Visa or MasterCard, electronic wallets (PayPal and Skrill), and bank transfer (direct bank to bank funds transfer).

For any concerns, troubles, or trading issues, traders can contact Plus500's customer service that is available 24 hours a day and 7 days a week. The official website of Plus500 can be accessed in 24 languages.

Overall, Plus500 has some advantages and disadvantages. As it has a license from an elite regulator, traders can feel safe when trading in Plus500. It also provides a 24/7 support team to help traders. But, offering leverages up to 1:300 is not suitable for high-risk traders, such as scalpers, who indulge in high-frequency trading that holds positions in the market for a brief period and typically use high leverage.

 

4. IG

IG is a globally recognized online broker that has been around since 1974. The broker is famous for its award-winning trading platforms, innovative trading technology, market-leading services, and fast order execution.

IG is licensed to operate globally by the Bermuda Monetary Authority, UK's FCA, and Germany's Federal Financial Supervisory Authority (BaFin). With this broker, traders can trade with over 17,000 assets across various categories and benefit from its exclusive 24/7 pricing on instruments.

The minimum deposit in this broker is determined by the payment method. Payments via bank transfers require no minimum deposit, while for credit/debit cards and PayPal, traders must deposit at least $300. As for the guaranteed stop loss, traders should only pay some fees if the tool is activated or triggered. The maximum leverage for retail traders is 1:30, while for professional account holders is 1:200.

🌐 Website
www.ig.com
Leverage
1:50
💼 Regulation
💲 Min Deposit
$0
Year Established
1974

Accepts US traders
Free education
Wire transfer

IG Markets is an online trading provider with decades of experience in the financial market. Founded in 1974, the world-leading company has gathered more than 178,000 clients worldwide with over 16,000 markets reached as of 2019. IG Markets is authorized and regulated by the Australian Securities and Investment Commission (ASIC). It is also important to note that being established in 1974 makes IG Markets one of the forefront online CFD brokers. Their service has expanded to 15 countries across five continents.

Aside from famous for its reliable experience, IG Markets is also known for its truly broad range of trading instruments. In fact, the broker has long been regarded as one of the most accomplished companies in offering the most trading assets to clients. The wide choice of instruments includes forex pairs, 26 indices, over 12,000 shares, hard and soft commodities, cryptocurrencies, as well as other markets such as bonds, rates, and options.

Forex trading in IG Markets is provided in two ways: CFD and DMA (Direct). Here are the conditions for each type of trading:

Forex CFD

  • Minimum spread: 0.6 pips
  • Commission: None
  • Platforms: Web, mobile apps, MT4, ProRealTime, L2 Dealer, terminals and APIs
  • Trading size: Contracts
  • Demo account: Yes

Forex DMA

  • Minimum spread: No details
  • Commission: from $10 per $1 million traded
  • Platforms: Web, mobiles apps, L2 Dealer, terminals, and APIs
  • Trading size: Lots
  • Demo account: No

Both ways of trading are available for all clients. However, DMA does not enable trading in MetaTrader 4. Clients are also not allowed to trade in a demo account for virtual trading. It is essentially a type of trading reserved for experienced traders with high necessity for the best pricing in the market, as DMA offers market depth from a range of exchanges (including full market depth from the LSE).

Trading platforms in IG Markets are accessible via web, mobile app, and desktop. They are offered with 2 main varieties: Core Platforms and Specialist Platforms. The core platform is meant for all types of trading with the add-ons of DMA, ProRealTime access, and Forex Direct. Meanwhile, Specialist Platforms consist of L2 Dealer, ProRealTime, and MetaTrader 4.

The first two platforms charge fees that include minimum $2000 balance and monthly fees for shares data and level 2 prices (for L2 Dealer), as well as platform fees amounting to $40 per month and monthly fee for shares data (for ProRealTime).

IG Markets does not require a minimum balance to open an account. It also provides a swap-free account that frees clients for any interest, rollover, or swap charges on overnight positions. Yet, All costs and charges are built into the spread. This account suits well with long-term traders who need to keep their positions open for days or even weeks.

For beginners, IG Markets builds an IG Academy that gives interactive education and online trading courses. This way, clients can get a grip on the financial markets with the essentials of trading provided in infographics, video explainers, and end-of-course quizzes. Even better, the IG Academy is already integrated into its mobile app so clients can always learn about financial markets in much more efficient ways.

In conclusion, IG Markets is a client-friendly broker with more than 40 years of experience to back up its credibility. Their efforts and commitments to provide the best varieties of trading platforms are proven in the unique Core and Specialist Platforms.

Traders with little experience can apply to Forex CFD account in either Core Platforms or MetaTrader 4, while professionals can achieve the best experience in the financial market with IG Market's DMA trading and L2 Dealer or ProRealTime platforms.

 

5. City Index

City Index is a top global broker that was established in 1983. The broker has a high reputation because it is regulated by top-tier regulatory bodies such as ASIC, FCA, and MAS. More than 12,000 instruments are offered in this broker, along with various trading account types and no minimum deposit requirements. Still, they recommend the traders to deposit at least $100.

The guaranteed stop loss in City Index is not free, but traders should pay the fee only when it is triggered. Similar to Plus500, the broker doesn't charge any commission for deposit and withdrawal but does apply fees for overnight funding, account inactivity, and currency conversion. The maximum leverage for retail traders is up to 1:30 and for professional traders is up to 1:400.

Leverage
1:30
💼 Regulation
💲 Min Deposit
$250
Year Established
2001

Bonuses
Managed accounts
Free education
Trading by phone
Wire transfer
PayPal

 

Understanding Guaranteed Stop Loss

Guaranteed stop loss is a simple tool that many traders use to protect their funds. In order to use it, traders must first specify the price level as the stop loss to limit the losses if the market changes unfavorably. After that, the broker will automatically close the order when the price hits the stop loss.

What makes it special is that the stop loss orders are guaranteed to be executed under any conditions, eliminating the risks of stop loss failures during extreme volatility changes. It was particularly designed for traders who are unable to watch the market every single second.

There are several things that you should keep in mind when using this guaranteed stop loss tool:

  • You might be required to pay a certain amount of fee for using the tool, either by paying it upfront or only when it is triggered.
  • You can revise price limits during trading hours.
  • It is possible to activate the tool online or over the phone.
  • You place stop loss orders at a minimum distance.
  • You don't need to use it in normal market conditions.
  • You don't have to use it when you are trading in little or zero leverage.

 

Guaranteed Stop Loss Vs Normal Stop Loss

If we compare the regular and guaranteed stop loss, there are some differences that we can observe. To begin with, the guaranteed stop loss will close the order immediately based on the pre-determined price level in any market condition, while regular stop loss will only do that in normal market conditions. Otherwise, regular stop loss will close the order based on the best price available.

Guaranteed stop loss will not be affected by the market's volatility whereas the regular stop loss can be heavily affected by sharp price movements in the market. By applying guaranteed stop loss, traders will be relieved by the necessity to keep an eye on the screen the whole time. There is no need to have a complex trading strategy at ready while trading.

This is completely different from the situation where traders use regular stop loss. They mostly need to prepare a certain strategy beforehand to react to the market.

 

The Benefits of Using Guaranteed Stop Loss

Guaranteed stop loss is known to be one of the best risk management tools because it could protect the trader's profit while simultaneously reducing the risk of losing money from market volatility. In general, guaranteed stop loss benefits such as:

  • Allows safe trading during high volatility.
  • Removes the risk of negative slippage.
  • Locks the profit from the risks of market gaps.
  • Limits potential losses.
  • Protects your account from losing more funds than the initial deposit.

 

Conclusion

Given the nature of forex trading, risk and loss are inevitable, making trading in volatile markets tricky even for experienced traders. But with a useful and well-prepared risk management tool such as guaranteed stop loss, the risk of loss can be minimized in any market condition.

While the tool's main purpose is to safeguard the trader's money, it can also lock the profit and reduce the risk of getting negative slippage. However, before using this tool, make sure that your broker is regulated so you can lower the risk and be protected.