Top 3 Forex Brokers with Guaranteed Stop Loss in 2020

[skrimon]

Not every Forex broker provides guaranteed stop loss, and most that do are not even regulated. Therefore, we did our own market research to find out the best brokers that provide guaranteed stop loss and are well-regulated:

 

1. XM

 

XM is an internationally recognized online Forex and CFDs broker that began operations in 2009. Known for its wide range of assets, competitive spreads, and multiple trading account types, the broker is the best choice for online trading.

 

Tradable Instruments

 

It allows trading in more than 1,000 instruments and over 55 currency pairs from a single trading account. Other assets supported include indices, shares, commodities, precious metals, energies, and cryptocurrencies.

 

Trading Accounts

XM offers four trading accounts types – Micro, Standard, Ultra-low, and Shares. Each account has a different deposit requirement and provides the trader with favorable trading conditions. 80% of novice traders trade with no demo accounts and accounts lose money. A demo account is also available to avoid complex instruments.

 

Minimum Deposit

 

Traders are required to deposit a minimum of $5 for using the Standard and Micro accounts, while the XM Ultra-Low and XM Shares account holders need to pay a minimum of $50 and $100, respectively.

 

Trading Platforms

XM allows the trader to trade with the two most popular Forex trading platforms – Forex MetaTrader 5 and MetaTrader 4. Both platforms can be accessed via the web across all devices as well as the mobile app.

 

Spreads and Commissions

The broker offers the lowest possible spreads and commissions fees that vary with the accounts. However, it charges no fees on making deposits or withdrawals. You can also know more about its trading charges on our expert’s review page.

Regulation

The Forex broker is regulated by the Australian Securities and Investments Commission (ASIC), the International Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC).

 

Maximum Leverage

Trading is made flexible with the same margin requirements and leverage ranging from 1:1 to 888:1. Margin requirements remain unchanged while leverage can be modified.

 

Guaranteed Stop Loss

XM allows guarantee fills on orders up to 50 lots at the best available market price.

 

Research and Education

The website of the broker has well-curated educational resources, which include market overview, news feeds, XM Research, technical summaries, economic calendar, podcasts, tutorial videos, webinars, and seminars. 

 

Customer Service

The customer service is prompt and available in multiple languages. It can be reached via live chat or email or over the phone.

 

2. easyMarkets

 

easyMarkets is another online forex and CFDs broker that was founded in 2001. The broker is quite popular among traders for making trading convenient through its innovative Freeze Rate and dealCancellation features.

 

Tradable Instruments

The broker offers an extensive range of over 200 instruments and more than 150 currency pairs. It allows trading in 8 asset classes, including forex, CFDs, indices, shares, commodities, precious metals, cryptocurrencies, and options.

 

Trading Accounts

easyMarkets offers three account types for trading – Standard, Premium, and VIP. These accounts have different deposit requirements and serve individual trading needs. 

 

It also offers a demo account (major traders with no experience with demo accounts lose money, to stop losses try demo accounts before a real one).

 

Minimum Deposit

Traders need to deposit different amounts depending on the type of account chosen. The minimum deposit for a standard account is $25, while Premium and VIP account holders need to invest $2,000 and $10,000 minimum, respectively.

 

Trading Platforms

easyMarkets trader gets the choice of trading through its proprietary web-based platform or MetaTrader 4 (MT4) platform or mobile app. All the platforms come with pre-installed technical and analytical tools that give a smooth trading experience.

 

Spreads and Commissions

Unlike its competitors, the Forex broker offers fixed spreads regardless of market volatility. However, spread requirements are relative to the trading accounts, instruments, and trading platforms. Deposits and withdrawals are free of charge.

 

Regulation

 

easyMarkets is authorized by ASIC and CySEC, making it a transparent and secure broker for online trading. Also, traders’ funds are kept safe with the regulators’ reimbursement schemes.

 

Maximum Leverage

Leverage ratio at easyMarkets varies with assets, trading accounts, and the regulators. The maximum leverage is 1:30 for European Union traders and 1:400 for Australian traders.

 

Guaranteed Stop Loss

easyMarkets gives the trader free access to guaranteed stop loss to stop runaway losses. It enables a trader to set a limit to the maximum risk when trading. The broker closes the trade exactly at the set rate, or when the market moves unexpectedly.

 

Research and Education

Its comprehensive selection of research and educational materials is an added advantage for novice traders. On the research side, traders gain access to market news, trading charts, live currency rates, and an economic calendar. 

 

The educational section has an engaging collection of trading courses, eBooks, and informative articles and videos.

 

Customer Service

easyMarkets offers easily accessible and satisfactory customer service during the trading week. Apart from the live chat, email, and phone, it can be reached via social media.

 

3. Plus500

Plus500 is a leading Forex and CFDs broker that was established in 2008.  The broker delivers the best-in-class trading experience through its innovative financial instruments. The safety of traders is the utmost priority of Plus500, understanding which it keeps their funds in segregated bank accounts and uses SSL encryption.

 

Tradable Instruments

The broker supports over 2,000 instruments, including forex, CFDs, indices, shares, commodities, exchange-traded funds, options, and cryptocurrencies. Traders can take advantage of them to diversify their investment portfolios.

 

Trading Accounts

Only two account types are available for trading with Plus500 – Consider whether Retail or Standard account and Professional account. The two are different in terms of leverage, which is 1:30 for the Standard account and 1:300 for the Professional account. There is also an option for the demo account to sop losses.

 

Minimum Deposit

The minimum deposit requirement at Plus500 broker changes with the payment method used. For example, traders need to deposit $100 if they are paying via credit or debit cards or electronic wallets and $300 when paying through bank transfers.

 

Trading Platforms

As opposed to other mainstream online brokers, Plus500 has its user-friendly proprietary trading platform that is suited for web-based as well as mobile trading. Since it does not offer the MetaTrader platform, traders would miss some of the advanced trading features like automated trading.

 

Spreads and Commissions

Plus500 relies on instrument-specific spreads for making revenues. Though it does not charge deposit and withdrawal fees, additional fees could be applied in the form of overnight funding, currency conversion fees, guaranteed stop-loss fees, and account inactivity fees.

 

Regulation

The forex broker is highly regulated by the CySEC, the ASIC, the UK Financial Conduct Authority (FCA), the Seychelles Financial Services Authority (FSA), the Israel Securities Authority (ISA), and the Monetary Authority of Singapore (MAS).

 

Maximum Leverage

The maximum leverages offered under the Retail and Professional accounts are 1:30 and 1:300, respectively.

 

Guaranteed Stop Loss

Traders, who cannot afford to take the high risk of losing money, can add a guaranteed stop order to their trading positions when trading with Plus500. By limiting their potential losses, the broker ensures that they never lose more than their investments.

 

Research and Education

The broker has limited research and educational offerings, which include charting tools, economic calendar, Trader’s Guide, and video tutorials.

 

Customer Service

It offers 24/7 reliable customer service with live chat and email support.

[Jo Eshuijs]

Smart work and hard work both are hardly needed to get the best result from your Forex business. Day by day as a highly profitable business Forex market is getting very challenging. Every trader should be professional in their career. I am working with Forex4you trading platform because they are very active with their overall service systems. Their professional and expert guideline always help me in taking right decision all the time.
 

[maspluto]

in forex there will never be an instant, this is needed and necessary so that traders can be maximal in carrying out trading activities that are in line with expectations while on a real Tickmill account.

[Hanan Öberg]

I got two of my trading balances crashed trading silver so it seems to be the worst pair to me. I avoid trading commodities since then. But Eurotrader offers comparatively narrow trading spread and high leverage that help me earn more on average.

[uncle gober]

There are indeed many influential factors in the forex market, so it is important for traders to continuously engage in learning and training. By doing so, traders can gradually develop their understanding and gain a deeper knowledge of the forex market, especially when partnered with Tickmill as their broker.
 

[uncle gober]

Every broker certainly has its own advantages and disadvantages, which is why traders must be very careful in choosing a broker. By choosing the right broker, traders will be able to conduct forex trading comfortably and safely with Tickmill broker.