Best Guaranteed Stop Loss Forex Brokers

A guaranteed stop-loss order is an effective tool that helps you know the exit point from a losing position, despite market gapping and slippage, which are situations in the forex market in which a trader receives a different execution price than what initially requested.

But, there are only a few forex brokers with guaranteed stop loss in the market. As such, in this guide, we suggest and review the best guaranteed stop-loss forex brokers in 2021, and show you how to get started with one of our recommended brokers. 

Best Guaranteed Stop Loss Forex Brokers 2021 List

Here are the top 10 best guaranteed stop loss forex brokers in 2021:

  • eToroOverall best guaranteed stop-loss forex broker
  • VantageFX – Most Trusted ECN broker with guaranteed stop loss policy
  • Capital.com – Best low-spread guaranteed stop loss forex broker
  • Libertex – A guaranteed stop loss platform with zero spreads
  • AvaTrade – Best forex broker for FX professional FX traders
  • Forex.com -Best guaranteed stop loss forex broker for US traders
  • IG Markets – Top forex and CFD online broker with over 10,000 assets
  • XM – Offers the MT4 and MT5 with ultra-low spreads
  • Oanda – Best forex broker for market analysis and research tools
  • Interactive Brokers – Top forex broker with advanced forex trading platform

Top Guaranteed Stop Loss Forex Brokers Reviewed

In this section of our guide, we’ll take a closer look at each of the top 5 guaranteed stop loss forex brokers in 2021.

1. eToro – Overall Best Guaranteed Stop Loss Forex Broker

etoro brokereToro is our overall top choice for trading with one of the forex brokers with guaranteed stop loss. Founded in 2006, this CFD broker offers a range of 2400 and access to the largest and most popular social trading network in the world. In general, a stop-loss order is mandatory on every position you make on eToro’s platform with the default of every SL order is 50% of the position amount. Another feature that is available on eToro is a Trailing Stop Loss (TSL) order, which allows you to set the stop-loss or take-profit order at a fixed number of pips above or below the market price 

Besides that, eToro has a lot to offer. First, it provides the most user-friendly and fun-to-use trading platform out there in the market that is very similar to other social networks, where you can create a profile page, upload posts, and connect with other users.

eToro platform

On top of that, eToro gives you access to social trading tools including its flagship product, the CopyTrade tool. With this tool, you can choose another trader on the network, view the trader’s trading performance, and decide if you want to copy the trades of the chosen trader. If so, the eToro system will automatically copy for you all the trades of the copied trader.

eToro copy trade

Another reason why eToro is one of the best CFD platforms out there is that it is heavily regulated and makes everything transparent and fair. You can start trading the real markets with a minimum deposit of $200 or you can register for an online account and start using an unlimited demo account.

Pros:

  • Huge range of over 2400 assets including forex, cryptos, commodities, stocks, ETFs, and more
  • Tight spreads and low non-trading fees
  • Excellent trading platform
  • Supports social trading tools including the famous copy trade tool
  • Accepts a variety of payment methods – credit and debit cards, bank wire transfer, PayPal, etc
  • Unlimited demo account
  • Regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and ASIC in Australia

Cons:

  • No forex signals service
  • The platform is not suited for experienced traders

67% of retail investor accounts lose money when trading CFDs with this provider.

2. VantageFX – Most Trusted ECN Broker with Guaranteed Stop Loss Policy

VantageFX logoWhile eToro might be our first pick for beginner investors that are looking for a user-friendly trading platform, VantageFX is clearly our top pick broker for professional traders that are looking for an ECN market execution. This Australian ECN/STP broker has a strict policy in regard to slippage and guaranteed stop-loss orders – it ensures your order will be filled by their FX liquidity providers at the going market rate.

VantageFX also comes with two of the most powerful online trading platforms in the market – the MT4 and its successor, the MT5. Both platforms are available on a web browser, desktop application, and mobile trading device. Further, you get access to 44 forex pairs with a leverage ratio of 500:1 – all of this with zero spreads and extremely low fixed commissions.

VantageFX

To get started, you’ll need to deposit $200 for the Standard account at VantageFX or $500 if you open an ECN account.

Pros:

  • A pure ECN guaranteed stop loss forex broker
  • A range of account types – Raw ECN, Standard ECN, and Pro ECN
  • Zero spreads and low fees
  • Supports the MetaTrader4 and the MetaTrader5
  • A maximum leverage ratio of up to 500:1
  • No deposit fees
  • Swap-free trading is available
  • Unlimited demo account

Cons:

  • Limited range of assets
  • No social trading tools

There is no guarantee you will make money when trading CFDs with this provider.

3. Capital.com – Best Low Spread Guaranteed Stop Loss Forex Broker

Capital.comAnother excellent CFD brokerage firm that guarantees stop-loss execution is Capital.com, a forex and CFD broker that was founded in 2016 and already has nearly 800,000 people registered on its platform. This can be largely attributed to the huge range of assets of over 4000 products across various markets that include 3613 shares, 26 indices, 201 cryptocurrencies, 34 commodities, and 138 FX currency pairs. Further, one of the main reasons why many traders like Capital.com is the ability to trade on the best trading platforms in the CFD and forex markets – the MetaTrader4 and Capital.com proprietary in-house trading platform.

Clearly, there are many benefits to trade with the MT4, but the good thing with Capital.com is that it allows you to use your account on both platforms. As such, you can get access to one of the most effective and innovative tools in the trading world – an artificial intelligence technology that sends you trading ideas based on your previous trading activity and searches.

Capital.com trading platform

Finally, apart from offering traders to use the GSLO (Guaranteed Stop Loss Order), Capital.com also allows users to set a trailing stop-loss order. To get started, you can make a deposit of just 20 EUR/USD/GBP or register for an account and start trading on a demo account.

Pros:

  • A huge range of 138 forex pairs
  • Leverage of up to 30:1 for retail clients and 400:1 for professional traders
  • World’s first-ever trading platform that uses AI technology
  • A low minimum deposit requirement of $20
  • Supports MT4
  • Guaranteed stop loss and trailing stop loss order are available
  • Regulated by the FCA and CySEC

Cons:

  • No signals service

71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

4. Libertex – A Guaranteed Stop Loss Platform with Zero Spreads

libertex brokerLibertex is a Russian-based broker that was founded in 1997 and is a popular platform among forex and CFD traders. One of Libertex’s main selling points is that it offers zero spreads on all trading assets and extremely high leverage of up 1000:1 for professional traders. Consequently, Libertex is well known as one of the best scalping forex brokers and one of the best low spread forex brokers in the industry.

According to Libertex, it ensures that users’ transactions will always be closed precisely at the price set by traders. However, it also mentions on its website that the broker may assign an additional commission for using this tool. Additionally, Libertex also enables its users to use a trailing stop order.

In terms of trading platforms, Libertex keeps things simple by providing its own mobile and web-based (webtrader) trading app as well as the MT4 and MT5. In that aspect, while the MT4 and MT5 are proven trading platforms for experienced traders, the Libertex platform is a great choice for beginners that want to get access to the markets through an easy-to-use platform.

Libertex platform

Pros:

  • Libertex offers zero spreads on all account
  • Low fixed trading commissions
  • Supports MetaTrader 4 and MetaTrader 5
  • A high leverage of up to 1000:1 for professional traders
  • Minimum deposit of just $10
  • Regulated by CySEC

Cons:

  • The web-based platform is not suited for experienced traders

83% of retail investor accounts lose money when trading CFDs with this provider.

5. AvaTrade – Best Forex Broker for Professional FX Traders

avatrade review

Finally, AvaTrade is another great multi-asset CFD broker that guarantees stop-loss orders. On this platform, you can trade shares, cryptos, indices, bonds, ETFs, commodities, and FX currency pairs. Additionally, AvaTrade offers traders to buy and sell vanilla Forex options trading, which are good assets for day trading or for hedging your forex positions.

Further, AvaTrader gives you access to its desktop and mobile options trading app – the AvaOptions. Plus, you can use the AvaTrade FX options board that shows you all the FX call and put options and more information about each option.

AvaTrade FX options

Finally, AvaTrade is heavily regulated across the globe. You can open a demo account or make a deposit of $100 whenever you are ready to trade with real money.

Pros:

  • Regulated in 6 different jurisdictions
  • Supports FX vanilla options
  • A range of 55 FX currency pairs and over 40 FX call and put options
  • Competitive spreads
  • Supports a variety of trading platforms
  • Minimum deposit of just $100
  • Leverage of up to 400:1

Cons:

  • The range of assets is limited when compared to other brokers

71% of retail investor accounts lose money when trading CFDs with this provider

Guaranteed Stop Loss Forex Brokers Comparison

Here’s a comparison table of all of the best guaranteed stop-loss forex brokers:

eToro VantageFX Capital.com Libertex AvaTrade
Minimum Deposit $200 $200 $20 $10 $100
Guaranteed Stop Loss Tools Trailing stop order is available, Social trading tools – CopyTrade tool and CopyPortfolios Free forex, signals service, high leverage of 500:1, ECN broker A trailing stop-loss order, huge range of 138 FX currency pairs, AI trading platform Low minimum deposit requirement, zero spreads, high leverage of 1000:1 for professional traders Range of platforms and tools, high leverage of 400:1, FX vanilla options
GBP/USD Spread 2 0 1.3 0 (0.006%) 1.6
Number of FX Currency Pairs
45 44 138 51 55

What is Guaranteed Stop Loss?

Before we explain what is guaranteed stop-loss order – you first thing need to understand what is slippage. Often when you are trading the forex market (or any other financial market for that matter), you might get a different price that is higher or lower than the price you initially requested. When this scenario happens, it is known as slippage. Normally, slippage occurs in a highly volatile market when the price of a certain asset rapidly changes.

For that reason, some forex brokers with guaranteed stop loss ensure you get to protect your positions from slippage with a guaranteed stop-loss order (GSLO). When you use a guaranteed stop order, the broker essentially guarantees that you exit your trades at the exact market price you specify.

Benefits of Using Stop Loss

A stop-loss order is an important and effective risk-management tool you should consider when you start trading the markets. It allows you to determine the price at which you would like to exit the position in case it goes against you. With that being said, here are some of the main benefits of using stop-loss orders as part of your trading strategy.

  • A stop-loss order helps you to manage your trading risk by deciding a price at which you’ll exit a losing position
  • With a stop-loss order, you do not need to constantly monitor your positions
  • Enables you to effectively use the risk-reward ratio as a risk management tool
  • There’s no cost for setting up stop-loss orders – and you can always change the stop-loss rate when the position is open

Top Guaranteed Stop Loss Tips & Strategies

Setting stop-loss orders is a must-do risk management tool for any trader that wants to have a profitable trading strategy. And, even if you are not sure whether to use stop-loss orders or not as part of your strategy, you most likely have to use SL orders at some point in your trading journey. As such, it is important that you get familiar with some of the most common and useful guaranteed stop loss tips and strategies.

The 1% or 2% Risk Rule

As the name implies, the 1% or 2% rule refers to the maximum percentage of loss you’re allowed to take per any single trade. In other words, this means that you never risk more than the specified percentage of your account value in one trade by using a predefined stop-loss order.

Trailing Stop Order

As previously mentioned, you can also use a trailing stop order to protect your account. Simply put, a trailing stop loss is an order that enables you to set a maximum number of pips or percentage of loss below the asset price. Thus, if the trade goes in your direction, you are still protected with the TSL order.

For that matter, eToro is one of the few forex brokers with a guaranteed stop-loss that enables you to utilize a trailing stop-loss order. 

Set a Stop Loss and Take Profit Orders Based on Support and Resistance Levels

This is another trading strategy that involves using stop loss in your day trading activity. With this strategy, you need to find solid support and resistance levels and set a stop loss and take profit orders on each level. This is known as range trading, which is an effective forex day trading strategy in which the trader needs to identify a range and then buy the asset at the support level and sell at the resistance. In case the price of the asset breaks below or above the support or resistance, then it’s an indication of a beginning of a trend.

Set a Stop Loss and Take Profit Orders Based on Support and Resistance Levels

How to Use Guaranteed Stop with a Forex Broker

Now that you understand the importance of trading with a guaranteed stop-loss broker, it’s time to open an account with our recommended forex broker eToro. Below, we’ll show you how to create an account and start trading with eToro,

Step 1: Open an Account

The first thing you need to do is to open an eToro account. To do that, visit eToro’s website, click on the Join Now button, and submit your personal details.

eToro registration form

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Verify Your Identity

eToro is regulated by top financial agencies that require the broker to verify the identity of each client before a deposit is made. As such. whenever you want to trade with real money, you first need to verify your identity by uploading a copy of your driver’s license or passport along with a copy of a recent utility bill or bank statement.

Take note that you can skip this step when registering for an account and complete this step at a later date. Meanwhile, you can use eToro’s demo account and all the features and tools that are available on the platform.

Step 3: Deposit Funds

Next, you need to make an initial deposit of at least $200 into your new trading account. The broker accepts credit cards, debit cards, bank transfers, and e-wallets like PayPal, Neteller, and Skrill.

eToro deposit

Step 4: Start Trading & Set a Stop Loss Rate

Now you are ready to place an order to buy or short sell a financial asset on eToro’s platform and set a stop-loss order in order to effectively manage your risk. At first, you need to find an asset you want to buy or sell and place a buying order. Below, we show you the process using Platinum.

First, you need to search for the asset you want to buy or short sell in the search bar.

eToro place order

67% of retail investor accounts lose money when trading CFDs with this provider.

Then, you have two options – to click on the instrument or click directly on the ‘Trade’ button to be transferred to the order form. From there, you need to enter the amount of the position and set a stop loss and take profit orders.

eToro stop loss

Finally, whenever you want to adjust the stop loss rate, simply navigate to your portfolio and click on the SL button.

eToro – Overall Best Guaranteed Stop Loss Forex Broker

In conclusion, there’s nothing more frustrating in trading than losing money because of slippage or market gapping. As such, it is a smart decision to find one of the forex brokers with guaranteed stop loss that ensures your positions are always closed at the requested price. Over the long term, this could make a huge difference in your trading performance.

After reviewing all the brokers, we can genuinely say that each one of the brokers in our best guaranteed stop loss forex brokers list is legitimate and provides a great trading experience. Still, we think that eToro is the best choice as it offers a huge range of assets, a user-friendly trading platform, and a range of unique social trading tools. eToro stock broker

67% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

Why is it important to choose a guaranteed stop-loss order forex broker?

What is the best-guaranteed stop-loss forex broker?

What is guaranteed stop loss in forex?

Should I use Guaranteed stop-loss order?

Is there any fee for using a guaranteed stop-loss order?