ASIC, CySEC, FSA Seychelles +1 more
Forex guaranteed stop loss
In Forex trading, a guaranteed stop loss is a service provided by brokers that ensures the closing of an opened order at the price specified by the trader. With this feature, the broker assumes the risk, protecting the trader from potential losses during high volatility when the stop order may not be executed. It is essential to choose a regulated broker with real market access when opting for this service. Below is a list of the most reliable and regulated Forex brokers that offer guaranteed stop loss, making trading easier for you.
While the guaranteed stop loss may seem appealing, there are several cons that every trader should be aware of before applying for this service. Firstly, brokers charge fees or premiums for the service, and these can vary depending on the broker, potentially making trading more costly and affecting trading performance. Additionally, there is a risk of dealing with a B-book broker, which means traders won't have access to real markets. Therefore, it's crucial to opt for regulated Forex brokers with guaranteed stop loss with a proven track record in the market to avoid scams and fraud.