Forex brokers offering guaranteed stop loss
Guaranteed stops are a great tool for traders who can't keep their eyes on the screen and prefer to trade with high leverage。Read further to learn more。
For traders who can't keep their eyes on the screen and prefer to trade with high leverage,保证Stop loss is a good tool。Read further to learn more。
Many traders are attracted to forex exchanges because of the high leverage they can get from brokers, which may increase their ability to make more profit from relatively small accounts.。Therefore, every trader needs a good risk management system in order to better control their funds and minimize the possibility of unexpected losses。
Stop loss is one of the most commonly used risk management tools to close orders at a specific set level to ensure that trading positions are protected from unexpected market changes。Some brokers offer more sophisticated tools than conventional stops, called guaranteedStop Loss。
The following is a list of brokers that offer guaranteed stops:
- XM: Allow stop loss for orders of up to 50 lots
easyMarkets: guaranteed stop loss can set the maximum risk limit
Plus500: Guaranteed stop loss by paying a fee
IG: Activate guaranteed stop loss by paying some fee
City Index: Traders can activate guaranteed stops and pay fees only when triggered
Let's take a look at the benefits of guaranteed stops offered by brokers in the following article。
Provision of WarrantiesStop LossThe Broker
Although there are many benefits to using a guaranteed stop loss, not all brokers offer this feature, so it is important to make sure to consider these factors before choosing a broker:
- Ensuring that brokers are licensed and regulated by international regulators。This is important because brokers must comply with the rules of the regulator to maintain the safety of their clients "funds.。In addition, it adds a layer of protection for traders in the event of a dispute with a broker。
Check the reputation of the broker among traders, be sure to read the reviews of other users to see if the broker is trustworthy。
Consider the cost of obtaining a guaranteed stop loss.。
Check the broker's deposit and withdrawal methods.。
Ensure brokers provide responsive customer support。
To facilitate your research, we have listed 5 top brokers that offer guaranteed stops:
1. XM
Founded in 2009, XM is known for its rich asset selection, competitive spreads and multiple trading account types, regulated by ASIC, IFSC and CySEC.。Single trading account offers over 1,000 instruments and over 50 currency pairs。
XM offers four trading account types: Micro, Standard, Ultra-low and Shares。For $5, traders can open standard or micro accounts; for ultra-low and stock accounts, traders must pay a minimum deposit of $50 and $100, respectively。Regarding the guaranteed stop function, XM allows orders with up to 50 lots to be stopped at the best available market price, and the maximum leverage allowed by the broker is up to 1: 888。
XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。
XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。
In terms of trading instruments,XM is known for its diversity of asset providers, ranging from Forex, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。
在在Spreads across all major currency pairs can be as low as 0 in an Ultra-Low account.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。
In order to protect the client's funds in the case of extreme volatility,XM provides negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。
For deposits,XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。
XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。
In general, there is no doubt,XM has gone global, with its deep commitment to providing trading services worldwide available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to preparing large deposits.
for their global approach,XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。
2. easyMarkets
easyMarkets is a top broker launched in 2001 and regulated by ASIC and CySEC.。It is known to be suitable for beginner traders and is popular for its innovative freeze rate and transaction cancellation features。
The broker offers at least 200 instruments and more than 150 currency pairs to trade and also offers forex demo accounts for beginners.。Regardless of market conditions, the spread offered by this broker is fixed and the deposit and withdrawal process is free。
easyMarkets provides traders with a free guaranteed stop loss that allows them to set the maximum risk limit when trading。The broker closes the order as soon as the price hits a stop loss or the market moves unexpectedly。For EU traders, the maximum leverage is 1: 30; for Australian traders, the maximum leverage is 1: 400。
EasyMarkets has been writing its own story in the financial markets since 2001.。Simplicity, honesty and transparency are the three values of easyMarkets。The company tries to make the trading process as simple as possible.。
In 2016, they changed their name from easy-forex to easyMarkets。Over the years, easyMarkets has expanded its range of CFDs products to cover global indices, options, metals, foreign exchange, commodities and cryptocurrencies, and the company has been licensed by CySEC and ASIC.。
Another privilege when trading at easyMarkets is its own platform。The easyMarkets Ease platform is simple and versatile. According to trader reviews, it is friendly to new customers and provides many features for experienced traders。Customers can also get free guaranteed stops, no slippage, fixed spreads, and no capital or withdrawal fees from easyMarkets.。
The platform has three unique features。First, dealCancellation enables traders to "undo" their trades。easyMarkets is the only broker that offers to close trades before the trading time reaches 60 minutes for a small fee。
In addition, traders can enjoy the internal viewer。The tool helps traders gain a deeper understanding of market sentiment by showing them the percentage of buy and sell executed in the platform。The third unique feature is the freeze rate, which traders can use to suspend the exchange rate and place their trades at the "frozen" rate。
easyMarkets also offers financial calendars, market news, trading charts and trading signals as a perk of the platform, offering the technology on a mobile interface via iOS and Android devices, allowing traders to enter the market anytime, anywhere。
MetaTrader 4 is also provided by easyMarkets。Traders will get negative balance protection and fixed spreads when using this popular trading platform。In addition to this, the broker offers ordinary options。
As a result of these innovations, easyMarkets has become an award-winning broker, winning the 2019 Forex Broker Award from Dubai Forex Expo, the 2018 Most Innovative Broker Award from World Financial Markets Awards, the 2018 Best Asia Pacific Broker Award from ADVFN International Finance Awards, the 2017 Most Transparent Broker Award from ADVFN International Finance Awards, the 2017 Best Forex Service Provider Award from FXWord China, and more.。
In addition, easyMarkets offers three account types, such as VIP accounts, Premium accounts, and Standard accounts。All accessible via web / app and MT4 platform。Maximum leverage is 1: 200 when using the easyMarkets Web / App platform and 1: 400 when using MT4。
Fixed spreads in forex trading from 1.Start at 0: 00。Traders can become easyMarkets VIP customers and enjoy some benefits, such as trading by phone, obtaining the most stringent fixed spreads, personal analysts, and real-time market updates via SMS。
Traders pay no additional fees, whether commissions, account fees or withdrawals。The account currency has 18 options, including euro, Canadian dollar, Czech koruna, Japanese yen, New Zealand dollar, US dollar, Singapore dollar, etc.。The company offers a variety of deposit and withdrawal methods, some of which are credit / debit cards, bank transfers and e-wallets such as Neteller, Skrill and Fasapay。
Traders can contact one of the company's local offices or its headquarters in the Marshall Islands directly if they have any questions or need help.。In addition, traders can chat with their customer service via email, Facebook, WhatsApp, Viber and live chat.。
Based on the above comments, easyMarkets offers an easy-to-use platform and some unique tools that traders can access anytime, anywhere。In addition, traders do not have to pay additional trading commissions and deposit and withdrawal fees.。Traders registered with easyMarkets can enjoy the EUR / USD pair as low as 0 in the MT4 platform.Spread of 9。
3. Plus500
Plus500 is a premier forex and CFD online broker, founded in 2008, which is strictly regulated by CySEC, ASIC, the UK Financial Conduct Authority (FCA), the Seychelles Financial Services Authority (FSA), the Israel Securities Authority (ISA) and the Monetary Authority and the Authority of Singapore (MAS).。In addition to this, the broker keeps the trader's funds in a separate account and uses SSL encryption for added security.。
Plus500 offers over 2,000 instruments including Forex, CFDs, Stocks, Commodities and more。Brokers offer maximum leverage up to 1: 30, but allow professional account holders to use leverage up to 1: 300。
Traders who cannot afford the high risk of losing their funds can choose the guaranteed stop loss function when trading with Plus500 for a fee。While the deposit and withdrawal process is free, brokers can charge fees for other features such as overnight financing, currency exchange and account inactivity。
Plus500 is a UK-based company with its main offices in the City of London, which is authorised and regulated by the FCA.。For traders who are looking for a broker with a top regulator, Plus500 is the right choice。
Plus500 offers 2,000 instruments to more than 1 million customers。The list of instruments that can be traded through its CFD service includes forex currency pairs, indices, cryptocurrencies, commodities, stocks and ETFs。Traders can choose the right tool for their needs。
In any case, beginners should be extremely cautious when choosing an asset, as it can be confusing and inherently risky。
When a trader opens an account, Plus500 will hold the trader's funds in isolation in accordance with the FCA's client funds rules。Traders need not worry about Plus500 using their funds for hedging, as the broker strictly prohibits the use of client funds for this purpose。
Other advantages of trading at Plus500 are small spreads and no commissions. The company only offers a single type of account, but traders can update their accounts from retail to professional according to some criteria。
To apply for a professional account, traders must meet at least 2 of the following 3 criteria, such as sufficient trading activity in the past 12 months, a portfolio of financial instruments of more than 500,000 euros, and relevant experience in the financial services field。
Plus500 is widely acclaimed for its services with market spreads, retail account leverage of up to 1: 30, and professional account leverage of up to 1: 300。Plus500 tries to give reasonable leverage options, not only to control risk, but also to help novice traders better control their trading emotions。
Founded in 2008, Plus500 provides almost the same features for retail and professional accounts, including customer fund protection, negative balance protection, best order execution, clear and transparent information, and financial services compensation plans。A professional account is more advanced, though, because FOS can be accessed。
According to statistics, 76 of Plus500's retail account owners.4% Losses on CFDs。Therefore, Plus500 always warns traders to consider their understanding of how CFDs work and their tolerance for taking on high loss risks before starting live account trading.。
Even so, Plus500 has earned the trust of traders around the world, opening some 39 million positions, having 304,000 active clients and processing billions of dollars in trading volume through its system.。
Plus500 always strives to provide the best service to its customers. One of the ways to achieve its goals is to give customers confidence in their trading activities。They have an easy-to-use trading platform and a specially designed mobile platform。Traders can access the Plus500 platform through web traders, iPhone / iPad and mobile apps。
On their platform, traders will have access to advanced tools such as stop loss limit, guaranteed stop loss, free email and market event push notifications, and price movement alerts, all of which can help traders better understand the market。
As for payment methods, Plus500 offers a variety of options such as Visa or MasterCard, e-wallets (PayPal and Skrill) and bank transfers (direct transfers between banks).。
If there are any concerns, hassles or trading issues, traders can contact Plus500's customer service, which is available 24 hours a day, 7 days a week。Plus500's official website can be accessed in 24 languages。
Overall, Plus500 has some advantages and disadvantages。Because it has a license from an elite regulator, traders can feel safe when trading at Plus500; it also provides a 24 / 7 support team to help traders。However, providing leverage up to 1: 300 is not suitable for high-risk traders, such as scalpers, who trade very frequently and hold short-term positions in the market, usually using high leverage。
4. IG
Founded in 1974, IG is a globally recognized online broker known for its award-winning trading platform, innovative trading technology, market-leading services and fast order execution.。
IG is licensed to operate globally by the Bermuda Monetary Authority, the UK FCA and the German Federal Financial Supervisory Authority (BaFin)。Through the broker, traders can trade over 17,000 different asset classes and benefit from its exclusive 24 / 7 tool pricing.。
The broker's minimum deposit is determined by the payment method。There is no minimum deposit requirement for payment by bank transfer, while for credit / debit cards and PayPal, traders must deposit at least $300。As for the guaranteed stop loss, the trader only has to pay some fee when the instrument is activated or triggered。The maximum leverage for retail traders is 1: 30, while the maximum leverage for professional account holders is 1: 200。
IG Markets is an online trading provider with decades of experience in the financial markets。Founded in 1974, the world's leading company has more than 178,000 customers worldwide as of 2019, covering more than 16,000 markets, and is licensed and regulated by the Australian Securities and Investments Commission (ASIC).。It should also be noted that IG Markets is one of the most cutting-edge online CFD brokers, and their services have expanded to 15 countries on five continents.。
As well as being known for its solid experience, IG Markets is also known for its truly broad range of trading tools。The broker has long been considered one of the most accomplished companies in offering clients the most traded assets, with instruments including forex pairs, 26 indices, more than 12,000 stocks, hard and soft commodities, cryptocurrencies and other markets such as bonds, interest rates and options.。
Forex trading in IG Markets is offered in two ways: CFD and DMA。The following are the conditions for each transaction type:
Forex CFD
- Minimum spread: 0.6 o'clock
Margin: None
Platforms: Web, Mobile Apps, MT4, ProRealTime, L2 Dealer, Terminal, and API
Transaction Size: Contracts
Virtual Account: Yes
Forex DMA
- Minimum spread: No details
Commission: From $10 per $1 million traded
Platforms: Web, Mobile Apps, L2 Dealer, Terminal, and API
Transaction size: lots
Demo Account: None
All customers can use these two trading methods, however, DMA does not support trading in MetaTrader 4, nor do customers allow virtual trading in demo accounts。It is essentially a type of trading reserved for experienced traders, and the best pricing in the market is very much needed, so DMA provides market depth from a range of exchanges (including the full market depth of the London Stock Exchange)。
The trading platforms in IG Markets are accessible via the web, mobile apps, and desktop, and they offer 2 platform types: Core Platform and Professional Platform。Core platform for all types of transactions with DMA, ProRealTime access and Forex Direct add-ons, while professional platforms include L2 Dealer, ProRealTime and MetaTrader 4。
The fees charged by the first two platforms include a minimum balance of $2000 and a monthly fee for stock data and Tier 2 price (for L2 Dealer), and a monthly platform fee of $40 and a monthly fee for stock data (for ProRealTime)。
There is no minimum balance requirement for IG Markets to open an account, it also offers no overnight interest accounts and customers do not have to pay any interest, rollover or overnight interest charges on overnight positions.。However, all costs and expenses are included in the spread。The account is ideal for long-term traders who need to keep a position for days or even weeks。
For beginners, IG Markets has established the IG Academy, offering interactive education and online trading courses。In this way, customers can master the financial markets through infographics, video presentations and trading highlights provided in after-school quizzes。Even better, IG Academy has been integrated into its mobile application, so customers can always understand the financial markets in a more effective way。
In summary, IG Markets is a client-friendly broker with over 40 years of experience to support its reputation, and their efforts and commitment are proven in a unique core and professional platform.。
Less experienced traders can apply for a Forex CFD account in Core Platforms or MetaTrader 4, while professionals can get the best experience in the financial markets through IG Market's DMA trading and L2 Dealer or ProRealTime platforms。
5. City Index
City Index is one of the world's top brokers founded in 1983 and has a strong reputation for being regulated by top regulators such as ASIC, FCA, MAS。City Index offers more than 12,000 instruments, as well as a variety of trading account types, and there is no minimum deposit requirement, but traders are advised to deposit at least $100.。
City Index's guaranteed stop loss is not free, but traders only pay a fee when triggered。Similar to Plus500, the broker does not charge any deposit and withdrawal commissions, but charges for overnight funds, account inactivity and currency exchange。The maximum leverage is 1: 30 for retail traders and 1: 400 for professional traders。
Guaranteed stops are a simple tool many traders use to protect their money。In order to use it, the trader must first specify the price level as a stop loss to limit losses in the event of adverse changes in the market。After that, when the price touches the stop loss, the broker will automatically close the position。
Its special feature is that stop loss orders are guaranteed to be executed under all conditions, eliminating the risk of stop loss failure in the event of drastic fluctuations, and it is designed for traders who cannot observe the market every second.。
When using this guaranteed stop tool, you should keep the following in mind:
- You may have to pay a certain amount of money to use the tool, which can be paid in advance or only when triggered。
Price limits can be modified during trading hours。
The tool can be activated online or by phone。
Set stop order at shortest distance。
No need to use under normal market conditions.。
When you trade with little or zero leverage, you don't have to use。
保证Stop Loss and Regular Stop Loss Comparison
There are some differences between regular and guaranteed stops。First, the guaranteed stop loss will immediately close the order under any market conditions according to a predetermined price level, while the regular stop loss will only perform this operation under normal market conditions。Otherwise, the regular stop will close the order based on the best price available。
Guaranteed stops are not affected by market fluctuations, while conventional stops may be severely affected by extreme market price fluctuations。By guaranteeing stop loss, traders will no longer need to keep staring at the screen and will not need to prepare complex trading strategies when trading.。
This is completely different from the situation where traders use regular stops, most of which require certain strategies to be prepared in advance to react to the market。
Advantages of Guaranteed Stop Loss
As we all know, guaranteed stop loss is one of the best risk management tools because it protects traders' profits while reducing the risk of losses due to market fluctuations。In general, guaranteed stops have the following advantages.
- Allow safe trading during high volatility
Eliminate the risk of negative slippage
Profits locked in market gap risk
Limit potential losses
Prevent account losses from exceeding the initial deposit
Conclusion
Given the nature of forex trading, risks and losses are unavoidable and even for experienced traders, trading in volatile markets can be tricky。However, with the help of useful and well-prepared risk management tools (such as guaranteed stop loss), the risk of loss can be minimized under any market conditions。
While the main purpose of the tool is to protect a trader's money, it can also lock in profits and reduce the risk of negative slippage。However, before using this tool, make sure your broker is strictly regulated so that you can reduce your risk and be protected。
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