In times of volatility, it makes sense to have a guaranteed stop-loss order. This can help protect a trader against unforeseen losses and is part of prudent account management in tough times. While there are several brokers that offer guaranteed stop-loss orders, not all are created equal.
Through our 250-point rating system, we have found several strong candidates for this list, but I have narrowed it down to the best of the best. I not only looked for guaranteed stop-loss orders, but competitive spreads and fees, as well as the ability to trade a large number of assets. Platform performance and regulation were also scrutinized.
*82% of retail CFD accounts lose money.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now let’s go through the selected brokers.
Capital.com has been in operation since 2016 and is regulated in several jurisdictions, such as the FCA, CySEC, and ASIC. Capital.com offers over 5,000 tradable instruments for traders to choose from, with tight spreads, world-class research, and an excellent proprietary trading platform, as well as MetaTrader 4 and TradingView. Capital.com also offers guaranteed stop-loss orders.
Broker’s Guaranteed Stop-Loss Features:
Capital.com offers guaranteed stop-loss orders on all of its instruments via its proprietary web platform. The platform is easy to use and has plenty of features that are useful for all types of analysis and traders. With over 100 technical indicators, 16 chart types, news, and market research in the app, it has excellent functionality.
The premium charged for the use of a guaranteed stop-loss order will change to adapt to market conditions such as volatility, but is only charged if the stop-loss order itself is triggered. Capital.com has zero commission and no deposit or withdrawal fees. My live test showed the spread for EUR/USD averages 0.6 pips, which is well below the industry average of 1.0 pips.
Plus500 has been around since 2008 and is a leader in the industry. The company is listed on the London Stock Exchange and allows the trading of more than 2,800 markets across several different asset classes.
The Plus500 Web Platform is an intuitive and feature-rich platform that allows users to access all of its markets, and is accessible not only from desktops, but mobile devices. I found the platform to be very fast with execution and to offer a large list of technical indicators for analysis.
Broker’s Guaranteed Stop-Loss Features:
Plus500 uses a proprietary web-based platform, which I found easy to navigate. There is a handy search box for assets, and you can create your own watchlists. The platform has a clear layout, and offers direct access to the Trading Academy, the educational arm of the firm.
The broker offers guaranteed stop-loss orders from the platform, but it should be noted that Plus500 charges a premium for this guarantee via a wider spread. The +Insights Tool is a sentiment indicator that is built into the platform, offering a glimpse of how customers of the broker are situated in the markets, which can help identify overbought or oversold conditions. The testing I did showed an average spread of 0.8 pips in the EUR/USD pair, a touch under the industry standard of 1.0 pips.
IG has been offering trading services since 1974, making it one of the oldest retail CFD brokers in the world. IG is regulated by multiple top-tier regulators, including the FCA and the CFTC, offering protection to clients. IG offers over 17,000 tradable assets in theIG Online Trading Platform, MetaTrader 4, ProRealTime, and L2 Dealer platforms. Low spreads, zero commissions, and trading signals from third-party providers are also offered.
Broker’s Guaranteed Stop-Loss Features:
The proprietary trading platform offers the option of a guaranteed stop-loss order, which can be selected at the time of placing an order via the order ticket. It is plainly shown at the time of buying or selling, allowing you to take advantage of the option if needed.
There are several different accounts available, including spread betting, investment, and CFD trading. There are over 17,000 instruments available, which allows traders to take advantage of the global financial markets.
The spreads at IG are excellent. The live test showed the average spread for EUR/USD was 0.75 pips, which is below the industry average of 1.0 pips. The IG platform offers trading signals by PIA-First and Autochartist. The Autochartist tool offers pattern recognition tools, while the PIA-First ideas are selected by professional traders for forex, commodity, and index trading.
Forex.com has been around since 2001, and is listed on the NASDAQ via its parent company, StoneX Group. Forex.com is regulated by several top-tier regulators around the world, including the UK FCA, CySEC, ASIC, and BaFin. What really stands out here for beginners is the large range of educational courses and webinars available.
Broker’s Guaranteed Stop-Loss Features:
Forex.com allows guaranteed stop-loss orders in its proprietary trading platform, offering access to over 5,600 financial instruments. There is a SMART Signals product that offers trading ideas from statistics on 36 global markets. The algorithm identifies price patterns and suggests entry, stop-loss, and profit levels. Essentially, it is similar to Autochartist.
The Forex.com Academy is excellent for beginners, as there are 12 in-depth courses available for traders to explore differing topics, such as Advanced Risk Management, Technical Analysis, and Mastering Forex. The lessons are a combination of articles and videos, and are high-quality. The broker also has live webinars, and quite regularly. My live test showed a spread of 1.2 pips in the EUR/USD pair, slightly higher than the industry average of 1.0 pips.
The forex and CFD analysts and editors at FXEmpire bring together seasoned trading professionals and experienced financial journalists. Many of our experts have been featured in leading publications such as Investopedia and Forbes, and all of them combine strong industry credentials with hands-on trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.
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