Best Guaranteed Stop Loss Forex Brokers
Written by Marcus Taylor
What is a guaranteed stop loss?
The main advantage of a stop loss is that it means a trader does not have to watch the markets at all times and if a major market-moving event occurs, the trader does not have to be online as the trade will be closed automatically even if the market has moved against them unknowingly.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Best Forex Brokers for Guaranteed Stop Loss
Here are the best forex brokers for trading with guaranteed stop losses.
-
IG
- 9.9/10 Overall
- Saxo Bank - 9.7/10 Overall
- Interactive Brokers - 9.7/10 Overall
- CMC Markets - 9.6/10 Overall
- TD Ameritrade - 9.5/10 Overall
-
FOREX.com
- 9.3/10 Overall
- City Index - 9.2/10 Overall
- XTB - 9/10 Overall
- eToro - 8.8/10 Overall
| Average Spread EUR/USD - Standard | 0.86 (September 2022) |
| All-in Cost EUR/USD - Active | 0.5957 (September 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1974 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 33 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.9 (September 2022) |
| All-in Cost EUR/USD - Active | 0.7 (September 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1992 |
| Publicly Traded (Listed) | No |
| Bank | Yes |
| Tier-1 Licenses | 6 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 60000 |
| Forex Pairs (Total) | 190 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 62 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.6 (Aug 2022) |
| All-in Cost EUR/USD - Active | 0.6 (Aug 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
| Year Founded | 1977 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 8 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 8500 |
| Forex Pairs (Total) | 90 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 128 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.51 (August 2022) |
| All-in Cost EUR/USD - Active | 0.51 (August 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1989 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 5 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12377 |
| Forex Pairs (Total) | 158 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 84 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 1.25 pips (September 2022) |
| All-in Cost EUR/USD - Active | 1.25 pips (September 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
| Year Founded | 1955 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 0 |
| Forex Trading | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 0 |
| Forex Pairs (Total) | 73 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 360 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 1.0 (July 2022) |
| All-in Cost EUR/USD - Active | 1.0 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 91 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 203 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 1.0 (July 2022) |
| All-in Cost EUR/USD - Active | 1.0 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1983 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 3 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 13500 |
| Forex Pairs (Total) | 84 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 88 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 1.07 (Q3 2022) |
| All-in Cost EUR/USD - Active | 1.04 (Q3 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2002 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12000 |
| Forex Pairs (Total) | 49 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 39 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 1 (August 2021) |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2007 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 3458 |
| Forex Pairs (Total) | 49 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 66 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
The stop loss is one of the basic tools of risk management for traders, as it can prevent major losses. However, one weakness of the stop loss, is that when it is triggered, it doesn't produce a sale at the stop loss price. Instead, the stop loss triggers a sale at the market price that pertains when the stop loss is triggered.
At first, these may seem to be very much the same thing. In a normal market, they generally are. Say that you have a stop loss on a stock set at GBP 4.75. The stock trades below that price during a market session, triggering the sale of your shares - probably close to GBP 4.75, minus the spread - let's say GBP 4.73.
Now let's consider a different market scenario. The London Stock Exchange closes for the day with your stock trading at GBP 4.90. Overnight, an unexpected event occurs that the market sees as very bad news. When trading opens, your stock opens at GBP 4.00, way below your stop loss. Nevertheless, your stop loss is triggered, and the sale takes place at let's say GBP 3.98 (to account for the spread).
It can be much worse if there's panic selling and a time delay in executing orders because the trade will be executed at any price. In this way, the stop loss may protect a trader in one set of market conditions but be of little use in a different context. And the triggering of stop losses may add massive momentum to a downward spike, as market orders pile up.
Don't forget that this process is exactly the same if you have shorted a stock, except that the stop loss will be above the price at which you shorted, and you will be seeking protection against unexpected rises in the market.
Sudden rises or falls are an example of the way in which a simple stop loss is just a market order, not a guarantee that can always save you from a thumping loss. When the market "gaps" like this - moves in very large, rapid steps - a stop loss is unable to perform its risk management job.
For this, you need a guarantee, that once the stop less level is triggered, your stock will be sold at the price specified. This is a "guaranteed stop" - it offers much better protection to the trader but it comes at a price.
When you are entering your trade, most online trading platforms will offer the option of a guaranteed stop and will adjust the margin requirement or deposit required, to reflect the cost of the guarantee. For example, the LCG website quotes the cost of the guaranteed stop loss wherever the guarantee is available. The premium is charged to the trader's account when the position is opened.
You can't usually use Trailing Stops< with guaranteed stops. Other restrictions are that guaranteed stops are only available in certain markets, and you can't usually put one in place if the market isn't open. Most brokers take guaranteed stop requests at their discretion, so they may decline an unusual request.
Guaranteed stops come at a price, but by limiting risk they can help a trader to survive when markets are very volatile. Next: Learn more about guaranteed stop-loss orders (a stop loss order with an extra feature).
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
| Company | Overall Rating | Minimum Initial Deposit | Average Spread EUR/USD - Standard | Trust Score | Trust Score | Tradeable Symbols (Total) | Visit Site |
 IG
|
9.9 | £250.00 | 0.86 (September 2022) | 99 | Highly Trusted | 19537 |
Visit Site
|
|
Saxo Bank
|
9.7 | €2,000 | 0.9 (September 2022) | 99 | Highly Trusted | 60000 | |
|
Interactive Brokers
|
9.7 | $0 | 0.6 (Aug 2022) | 99 | Highly Trusted | 8500 | |
|
CMC Markets
|
9.6 | $0 | 0.51 (August 2022) | 99 | Highly Trusted | 12377 | |
|
TD Ameritrade
|
9.5 | $0 | 1.25 pips (September 2022) | 99 | Highly Trusted | 0 | |
 FOREX.com
|
9.3 | $100 | 1.0 (July 2022) | 99 | Highly Trusted | 5500 |
Visit Site
|
|
City Index
|
9.2 | £100.00 | 1.0 (July 2022) | 99 | Highly Trusted | 13500 | |
|
XTB
|
9 | $0 | 1.07 (Q3 2022) | 95 | Highly Trusted | 12000 | |
|
eToro
|
8.8 | $10-$10,000 | 1 (August 2021) | 93 | Highly Trusted | 3458 | |
 Swissquote
|
8.7 | $1000 | N/A | 99 | Highly Trusted | 466 | |
 AvaTrade
|
8.6 | $100 | 0.91 (Aug 2020) | 93 | Highly Trusted | 1260 | |
 FXCM
|
8.5 | Starts from $50 | 1.38 (Q2 2022) | 96 | Highly Trusted | 441 | |
 Plus500
|
8.5 | €100 | 0.6 (as of Aug 2018) | 98 | Highly Trusted | 2800 | |
 Capital.com
|
8.4 | $20 | 0.6 (July 2021) | 77 | Average Risk | 6000 | |
 XM Group
|
8.4 | $5 | 1.6 (Aug 2020) | 90 | Trusted | 1372 | |
 Pepperstone
|
8.4 | $200 | 0.77 (September 2022) | 93 | Highly Trusted | 1200 | |
 OANDA
|
8.4 | $0 | 1.26 (5/22-5/27/22) | 92 | Highly Trusted | 124 | |
 Admiral Markets
|
8.3 | $100 | 0.8 (July 2021) | 87 | Trusted | 8425 | |
 FP Markets
|
8.3 | $100 AUD | 1.2 (August 2022) | 86 | Trusted | 10000 | |
 IC Markets
|
8.2 | $200 | 0.62 (August 2022) | 86 | Trusted | 3583 | |
 Markets.com
|
8.2 | $100 | 1.9 (as of Oct 2019) | 98 | Highly Trusted | 2179 | |
 FxPro
|
8.1 | $100 | 1.51 (August 2020) | 90 | Highly Trusted | 2249 | |
 Fineco Bank
|
7.9 | $0 | N/A | 92 | Highly Trusted | 126 | |
 Tickmill
|
7.9 | $100 | 0.51 (August 2022) | 82 | Trusted | 295 | |
 BlackBull Markets
|
7.9 | $0 | 0.827 (August 2022) | 74 | Average Risk | 26000 | |
 DooPrime
|
7.8 | $100 | -1 | 84 | Trusted | 10000 | |
 BDSwiss
|
7.8 | $100-$5000 (depending on account type) | 1.6 (08/10/22) | 83 | Trusted | 1081 | |
 TMGM
|
7.8 | $100 | 0.96 (July 2021) | 79 | Average Risk | 12000 | |
 HFM
|
7.7 | $5 | 1.2 (August 2021) | 85 | Trusted | 3500 | |
 FlowBank
|
7.7 | $0.00 | N/A | 77 | Average Risk | 408600 | |
 HYCM (Henyep)
|
7.7 | $100 | 0.6 (Sept 2021) | 86 | Trusted | 245 | |
 Vantage
|
7.7 | $50 | 1.22 (August 2021) | 83 | Trusted | 1000 | |
 Trading 212
|
7.6 | EUR 10 | N/A | 77 | Average Risk | 1785 | |
 Eightcap
|
7.6 | $100 | 1.0 (Aug 2022) | 87 | Trusted | 326 | |
 Trade Nation
|
7.5 | $0 | 0.6 | 83 | Trusted | 601 | |
 Moneta Markets
|
7.5 | $50 | 1.27 (September 2022) | 71 | Average Risk | 965 | |
 ThinkMarkets
|
7.4 | $250.00 | N/A | 86 | Trusted | 1674 | |
 VT Markets
|
7.4 | $200 | 1.2 (September 2021) | 71 | Average Risk | 168 | |
 ACY Securities
|
7.4 | $50 | 1.2 (Sept 2021) | 75 | Average Risk | 1600 | |
 easyMarkets
|
7.3 | $100 | 0.9 (as of Mar 2020) | 84 | Trusted | 199 | |
 RoboForex (RoboMarkets)
|
7.3 | $100 | 1.4 (Jan 2022) | 69 | High Risk | 12000 | |
 IronFX
|
7.2 | $50 | 1.2 | 84 | Trusted | 340 | |
 Exness
|
7.2 | $1 | 0.9 (as of May 19) | 74 | Average Risk | 112 | |
 Spreadex
|
7.2 | $0 | -1 | 70 | Average Risk | 2000 | |
 Trade360
|
7.1 | $250 | N/A | 75 | Average Risk | 1062 | |
 AxiTrader
|
7.1 | 0 | N/A | 83 | Trusted | 175 |
Visit Site
|
 GKFX
|
7.1 | $0 | N/A | 66 | High Risk | 354 | |
 Vestle
|
7.1 | -1 | -1 | 79 | Average Risk | 750 | |
 OctaFX
|
7 | $25 | 0.6 (August 2021) | 67 | High Risk | 80 | |
 FXOpen
|
7 | $100 | N/A | 80 | Trusted | 87 | |
 TeleTrade
|
7 | $100 | -1 | 67 | High Risk | 500 | |
 FXPrimus
|
6.9 | $100 | N/A | 69 | High Risk | 140 |
Visit Site
|
 Forex4you
|
6.9 | $0 | -1 | 62 | High Risk | 150 | |
 LegacyFX
|
6.9 | $500 | 0 | 75 | Average Risk | 425 | |
 GBE brokers
|
6.8 | $500 | -1 | 69 | High Risk | 500 | |
 Alpari
|
6.8 | $20 | N/A | 67 | High Risk | 105 | |
 TopFX
|
6.7 | Depends on payment method | N/A | 67 | High Risk | 655 | |
 Libertex (Forex Club)
|
6.7 | $10 | -1 | 72 | Average Risk | 300 | |
 ATFX
|
6.6 | $500 | -1 | 70 | Average Risk | 150 | |
 UFX
|
6.6 | $100 | 3 (Jan 2021) | 67 | High Risk | 619 | |
 Xtrade
|
6.5 | $250 | -1 | 80 | Trusted | 142 | |
 Tradeo
|
6.4 | $200 | -1 | 67 | High Risk | 256 |
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.