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Forex Brokers Providing OCO Order

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OCO or known as One-Cancels-the-Other is a pair of orders; if one order executes, then the other order is automatically canceled. An OCO order combines a stop order with a limit order on an automated trading platform. When either stop loss or limit price is reached and the order executed, the other order automatically gets canceled.

Experienced traders use OCO order because it provides maximum flexibility in trading. You can have an opportunity to fix profit and limit losses whenever an order is triggered. Below you will find a list of Forex Brokers that provide OCO orders for trading.


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Score Broker Trading Platform Regulation Min Deposit Max Leverage
120
ThinkMarkets
ThinkMarkets
Pending orders
ASIC
$0
1 : 500
249
FXOpen
FXOpen
Pending orders
FCA
$1
1 : 500
98
DeltaStock
DeltaStock
Pending orders
FSA (Denmark)
$100
1 : 200
292
HYCM
HYCM
Pending orders
FCA
$100
1 : 325
576
Turnkey Forex
Turnkey Forex
Pending orders
$200
1 : 400
722
Trading 212
Trading 212
Pending orders
FCA
$10
1 : 30
585
Global Prime
Global Prime
Pending orders
ASIC
$200
1 : 200
528
Price Markets
Price Markets
Pending orders
FCA
$5000
1 : 50
198
ATC Brokers
ATC Brokers
Pending orders
CIMA
$5000
1 : 200
546
PhillipCapital
PhillipCapital
Pending orders
FCA
$200
1 : 200
521
NatureForex
NatureForex
Pending orders
Belize Financial Service Commission (FSC)
$20
1 : 1000
515
DF Markets
DF Markets
Pending orders
FCA
$10
1 : 200
728
BMFN
BMFN
Pending orders
VFSC
$50
1 : 400
477
Deriv
Deriv
Pending orders
FSC (BVI)
$5
1 : 1000
503
Renesource Capital
Renesource Capital
Pending orders
FKTK (Latvia)
$10
1 : 100
540
Forexite
Forexite
Pending orders
Belize Financial Service Commission (FSC)
$1
1 : 100

Additional FAQ

The MTSE provides two types of OCO Orders which are OCO Breakout and OCO Reversion:

  • OCO Breakout can be used when you think that the price is going to break either upward or downward. It works as two stop orders placed at the same time. One of them is placed above the current price which will trigger a buy if that threshold is reached. The other one is placed below the current price where it will automatically trigger a sell position if the market trend is confirmed going down.
  • OCO Reversion places a pair of limit orders instead of stops like OCO Breakout. This strategy is applied when you want to profit from bounce movements.

Continue Reading at OCO Order Strategy, How Does It Work?

OCO Orders will cancel out the unexecuted order right after the other one is executed. Imagine if your sell stop position is still running while your buy position has been executed. The price volatility can touch the intended sell stop entry and leave it open while the price moves in the opposite direction. Consequently, the safest option is to immediately cancel the other position should an order be triggered. And that function is what OCO Order makes possible.

Continue Reading at OCO Order Strategy, How Does It Work?

Here are some of the advantages of using OCO orders that you need to know:

  • Protects Gains
    .
    To begin with, the OCO order allows you to protect your profit. With this type of order, you can maximize your profit and set a minimum take-profit price in case of a trend reversal. This is particularly helpful in the crypto market, where prices often move in a different direction very quickly.

  • Risk to Reward Customization
    .
    Another benefit is that you can customize your risk-to-reward ratio and decide how to manage your trade. By opening two orders at the same time, you can not only maximize your profit but also minimize your loss with the pre-determined stop trigger price.

  • Less Monitoring. 
    OCO order allows you to semi-automate your trading. This is not to say that you're handing over your trades to a robot, but it is simply a way to make you relax and give you some free time, as the system doesn't require much monitoring. The orders will be triggered automatically, saving you from emotional trading and impulsive decision-making.

Continue Reading at How to Use Binance OCO Orders for Your Benefit

OCO (One Cancels the Other) order is a conditional order that combines a limit order and a stop limit order with the same order quantity. Still, only one of them can be executed. So, if one of these orders is partially filled, the remaining one will be canceled automatically. Note that if you manually cancel one of the orders, you will cancel the other one automatically.

Continue Reading at How to Use Binance OCO Orders for Your Benefit