27 Best Forex Brokers with stop losses – ( Reviewed ) 2020

Stop Losses

 

According to research in South Africa, Stop-loss is a great tool which allows traders to minimize losses in the event of unwanted developments of the market situation (gaps in quotes, unexpected Internet outages and other potential technical problems and more). Guaranteed Stop Loss Forex Brokers is an excellent solution for traders to automatically hedge their investments and offers a number of advantages.

 

A review of XM
 

 

XM Group

 

The XM Group provides the entire suite of MetaTrader platforms plus over 1300 tradeable instruments.

 

  • The XM Group is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading.
  • Pricing at XM Group varies by account type.

 

XM Group is considered as an average-risk, and is not publicly-traded and does not operate a bank.

 

Offering of Investments

 

The XM Group offers traders CFDs on 1200 stocks, 30 indices, eight commodities, four metals, five energies, and 57 forex pairs.

 

Commissions & Fees

 

The commissions and fees at XM Group is depended on the type of account used.

 

Spreads: In the XM Zero account, average spreads on the EUR/USD stand at 0.1 pips (according to XM Group website data, and not including commission), compared to the commission-free Standard and Micro account, which had average spreads of 1.7 pips for the same pairs.

 

Commissions: Even after including the USD $3.5 per side commission ($7 per Round Turn), and average spreads of 0.1 pips on the EUR/USD, the all-in cost to trade is 0.8 pips (0.1 spread + 0.7 RT commission), making the XM Zero account the firm’s most competitively priced offering.

 

Platforms & Tools

 

XM Group is a MetaTrader-only broker offering the standard experience which includes both MT4 and MT5.

 

XM Group’s research offering consists of:

 

  • Content generated by an in-house team of analysts including:
  • Daily market recaps and
  • Technical and fundamental analysis articles and videos.
  • An economic calendar powered by Investing.com

 

 

Trading signals: The XM Group offers its trading signals hub to live account holders but, trading signals that can be automated are currently limited to the Signals Market available within the MetaTrader platform.

 

Technical analysis:  The XM Group offers Tradepedia, which provides educational Forex and CFD content.

 

Video news analysis:  The XM Group creates daily forex news videos with market analysis explained in a TV interview-style format.

 

Customer Service

 

  • Average Connection Time:<1 minute
  • Average Net Promoter Score:66 / 10
  • Average Professionalism Score:2 / 10
  • Overall Score:7 / 10
  • Ranking:24th out of 43 brokers

 

eToro Review
 

eToro

 

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert.

 

eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

 

Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

 

eToro trading accounts on offer include:  Demo, Micro, Mini, Standard, STP and Islamic.  eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

 

A review about FXCM
 

FXCM

 

FXCM caters to multiple trader types including High-volume traders, algorithmic traders, and traders who appreciate robust trading tools and quality market research.

 

Is FXCM Safe?

 

FXCM is considered low-risk. FXCM’s parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust).

 

Commissions & Fees

 

FXCM stands out the most in regards to its Active Trader account offering, where low commission rates and average spreads provide competitive pricing for high volume traders.  Active Trader accounts are available for clients who deposit at least $25,000, which comes with a lower commission rate of $25 per million and access to premium research.  Standard account holders are only charged the prevailing spreads, Active Trader accounts are charged a commission per trade, in addition to reduced prevailing spreads.

 

Platforms & Tools

 

FXCM offers a growing range of trading platforms and tools including:

 

  • Trading Station desktop:FXCM’s flagship trading platform, caters well to forex traders of all skill levels.
  • Trading Station web:The web version of Trading Station features includes news, videos, research, market data signals, and links to external resources.
  • Ninja Trader: Features numerous trading tools, including automated trading capabilities.
  • Algorithmic Trading:The FXCM App store provides various add-ons, technical indicators, and automated trading robots.

 

Customer Service

 

  • Average Connection Time:<1 minute
  • Average Net Promoter Score:3 / 10
  • Average Professionalism Score:2 / 10
  • Overall Score:77 / 10
  • Ranking:3rd in 22 brokers

 

FXCM provides a wide variety of market research and related resources. A combination of Trading Station and MetaTrader4 (MT4), FXCM delivers a reliable, feature-rich mobile offering for forex traders.

 

A review of FP Markets
 

FP Markets

 

FP Markets is a global, online broker which was founded in 2005 and offer Forex trading and has a head office situated in Australia.

When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.

 

Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform.  FP Markets also offers traders mobile apps for Android and iOS.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

 

FP Markets Trading Accounts Offered include: Demo, Mini, Standard, ECN, STP, Managed and Islamic and all accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

 

A review of AvaTrade
 

AvaTrade

 

AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands.

 

For those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquaint with the popular MT4 forex trading platform.  AvaTrade also offer mobile apps for Android and iOS.

AvaTrade is perfect for various levels of traders including beginners and all traders can trade a wide variety of instruments and currency pairs.

 

  • Over 250 instruments
  • Over 80 currency pairs

 

AvaTrade Trading benefits include:

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

AvaTrade Trading Accounts on offer include: Demo, Micro, Mini, Standard and Islamic and AvaTrade allows traders to execute a minimum trade of 0.01 Lot and support a wide range of languages including English, Italian, German, French and Greek.

 

A review about Forex.com
 

Forex.com

 

Forex.com is an online broker which was founded in 1999 and offers Forex, Indices, Commodities, Equities and Cryptocurrencies trading with a minimum deposit of $500 needed to make a start.

 

Traders can trade in:

 

  • Over 4500 instruments
  • Over 80 currency pairs

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Guaranteed stop loss
  • Offers Negative Balance Protection

 

Forex.com Trading Accounts on offer include:

 

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

 

With Forex.com, the minimum and maximum trade requirements vary depending on the trader and the instrument and all accounts support a wide range of languages including English, Chinese, Arabic to name but a few.

 

A review about Interactive Brokers
 

Interactive Brokers

 

Interactive Brokers was founded in 1978 and is regulated by several financial authorities globally, including top-tier ones like the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

 

Pros and Cons

 

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities High inactivity fee

 

HotForex Review in south africa
 

HotForex

 

HotForex offers traders a variety of account types to choose from including fixed and floating spreads, commission-free trading (in Micro, Premium and Fixed accounts) or tighter spreads, involving commission fees. Beginner traders can sign up for Micro accounts with a minimum deposit of as little as $5, and micro lots are available for trade on all accounts.

An Auto Account, which enables traders to subscribe to free and paid Trading Signals from the MQL5 Community and a HF Social account, which provides trading powered by FxStat is also on offer.

 

HotForex is a retail forex broker, offering attractive conditions for trading in a wide range of instruments, including Forex, Spot Metals and CFDs on commodities, indices and popular shares such as Google, Apple and Facebook.

Read 22 🥇 Best Forex Brokers that accept PayPal – ( Reviewed ) 2020

A review of Vantage FX
 

Vantage FX

 

Vantage FX was founded in 2009 and offers retail forex and CFD traders the Metatrader platform suite, ChartIQ, as well as auto trading on ZuluTrade and Myfxbook and is considered average-risk.  Vantage FX is mainly a MetaTrader broker and offers traders the popular platform suite developed by MetaQuotes Software Corporation, which includes MetaTrader4 (MT4) and MetaTrader 5 (MT5).

 

Features

 

Feature Vantage FX
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 38
CFDs – Total Offered 24
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

 

Regardless of the platform a trader chooses to use, the trading cost at Vantage FX depends on the account opened and seeing that Vantage FX is a MetaTrader broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Google Playstore, respectively.

 

A review about Admiral l Markets Review
 

Admiral Markets

 

Admiral Markets is an online broker which was founded in 2001 and offers Forex and CFDs trading, is globally recognized and has a head office based in the UK.  Traders will need a minimum deposit of $200 to start and can sign up for a demo account to in over 148 instruments and over 40 currency pairs.

 

Admiral Markets offers both of the MetaTrader platforms; MT4 and MT5 and mobile apps for Android and iOS.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

 

Admiral Markets Trading Accounts Offered:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • STP account

 

Admiral Markets offers support in a wide range of languages including English, Spanish, Hungarian and much, much more!

 

A review on Plus500
 

Plus500

 

Plus500 are a global online broker which was founded in 2008 and offers traders CFDs trading.  When starting with Plus500 traders will need to make a minimum deposit of $100 with an option available to sign up for a demo account.  Traders have an option to trade in over 2,000 instruments and over 100 currency pairs on a user-friendly custom trading platform which is also available as a browser-based web application.

 

Plus500 are trading specialists with their own forex trading platform offering:

 

  • A free unlimited demo account
  • A number of trading options
  • Web trading, Mobile trading and a desktop trading platform

 

Plus500 offers the best range of Cryptocurrency trading with instruments including Bitcoin, Ethereum, Litecoin, NEO, Ripple XRP, IOTA, Stellar, EOS, Cardano, Tron and Monero. With Plus500, the minimum and maximum trade requirements will vary and is dependent on the trader and the instrument.  Plus500 supports a wide range of languages including English, French, Italian, Spanish, Portuguese, German, Dutch, and more.

 

A review of XTB
 

XTB

 

XTB is an award-winning CFD platform which was founded in 2002 and supports Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies and supports 48 currency pairs with low-cost spreads. Traders can choose between trading on either the xStation 5 or MT4 platforms and for leverage accounts, this brokerage offers leverage of up to 200:1.

 

Stock and ETF CFDs all attract a fixed commission of 0.08% per lot across the two types of accounts.  XTB offers traders a free demo account and a Trading Academy set of courses for both beginner and intermediate traders alike.

 

XTB is regulated in markets across Europe by the IFSC, FCA, KNF, and CySec.

 

Pros and Cons

 

Pros Cons
Traders can make a Choice between two outstanding trading platforms (xStation 5 or MT4 platforms) Fewer Forex pairs than some top competitors
A collection of 3000+ trading instruments across six asset classes No 24/7 support
Low spreads

 

A review about Pepperstone
 

Pepperstone

 

Pepperstone was founded in 2010 in Melbourne, Australia and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA). Pepperstone processes on average of $12.55 billion trades each day with over 73,000 traders globally.

 

Pepperstone also offers traders just starting off educational content via their dedicated YouTube channel.

 

Pros and Cons

 

Pros Cons
Competitive spreads and commissions. Educational resources section could be developed further for beginner traders.
Wide range of trading platforms across all operating systems.
AutoChartist and Smart Trader Tools packages free for users.
High regulation and multiple language customer support.

 

A review about Markets.com
 

Markets.com

 

Markets.com is an online broker which founded in 2008 and offers Forex, CFDs and Spread Bets. Spread Bets are only available to UK customers trading and Markets.com is a global broker with a head office situated in Cyprus.

 

New traders will need to make a minimum deposit of $100 and a demo account is available for those who wants to try before they ‘buy’ in.

 

Traders can trade in a wide variety of instruments and currency pairs

 

  • Over 100 instruments
  • Over 80 currency pairs

 

Markets.com offers both of the MetaTrader platforms; MT4 and MT5. plus, mobile apps for Android and iOS.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

 

Markets.com Trading Accounts on Offer include:

 

  • Demo account
  • Mini account
  • Standard account
  • Islamic account

 

Markets.com support a wide range of languages including Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish.

 

A review about Trading 212
 

Trading 212

 

Trading 212 is an online broker which founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices trading.  Trading 212 is a global broker with a head office situated in the UK.

 

With Trading 212 traders will need to make a minimum deposit of $1 but a demo account is also on offer.  Trading 212 is suitable to various levels of traders whether it be experienced or beginner.

 

Benefits

 

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

 

Trading 212 Trading Accounts Offered:

 

  • Invest account
  • ISA account
  • CFD account
  • Demo account

 

Trading 212 support a wide range of languages including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, and more.

 

A review about FXTM
 

ForexTime (FXTM)

 

ForexTime (FXTM) Offers Local NGN Funding, an offer not made by most online brokers which increases exchange costs of currency trading. ForexTime offers NGN account funding through bank wire transfer or Neteller with a minimum deposit of $100 for a standard forex account for ForexTime. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency.

 

Forex Time (FXTM) User Pros and Cons:

 

Pros and Cons

 

Pros Cons
Provides multiple execution methods by account type Leverage caps and margin restrictions on ECN accounts
Regulated in several jurisdictions, including outside the EU Certain range of markets segmented across account types
Offers Cryptocurrency CFDs On ECN accounts, stop and limit levels can be added only post execution
FXTM Invest for auto trading Low max order size of 30 standard lots per trade

 

Key Features of FXTM (ForexTime)

 

ForexTime offers social trading (copy trading) which means a trader:

 

  • Selects a Strategy Manager
  • Makes a deposit (minimum deposit of $100)
  • Mirror the Strategy Manager’s trade
  • Watch as you share a percentage of wins/losses
  • Cash-out or add deposits when required

 

ForexTime is ideal for Nigerian traders new to CFDs with a higher risk profile.

 

Read 27 🥇 Best Crude Oil Trading Brokers and Platforms – ( Reviewed ) 2020

 

A review on OctaFX
 

OctaFX

 

OctaFX offers traders Forex ECN trading, as well as CFD trading on Indices, Metals and Cryptocurrencies, across the MetaTrader and cTrader trading platforms for Windows Desktop, Web and Mobile, as well as their own OctaFX Trading App.

 

The products available for trade from OctaFX will vary depending on the type of account opened, MT4 Micro, MT4 Pro, cTrader ECN – but covers Forex, Indices, Metals and Cryptocurrencies.

 

Pros and Cons

 

Pros Cons
Wide range of trading accounts for beginners and advanced traders Decision between CySEC regulated OctaFX.eu, or St. Vincent and the Grenadines registered OctaFX.com
Can access Forex ECN with 1:500 leverage Limited commodity markets, no individual Stock CFDs
Trade on MT4, MT5 and cTrader across Desktop, Web and Mobile Limited deposit and withdrawal options – only through Neteller, Skrill or Bitcoin
Access copy trading, bonus promotions and a wide range of research tools

 

A review of IG Group
 

IG

 

IG offers traders a wide-ranging list of tradeable products, outstanding trading and research tools, industry-leading education, and competitive rates.

 

Is IG Safe?

 

IG is considered low-risk, and is a publicly traded company which operates a regulated bank, and is authorised by six tier-1 regulators (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators.

 

Commissions & Fees

 

IG provides traders competitive pricing across the board, regardless of the product chosen to trade.

 

  • Average spreads:For small and standard size contracts, minimum spreads on the EUR/USD were 0.6 pips, average spreads were 0.73 pips, for the end of November, 2019.

 

  • Active traders:For volume traders who qualify as professionals under EU rules, IG offers even more competitive rates on its commission-based offering, Forex Direct.

 

  • Execution method:Forex Direct streams from interbank liquidity providers where IG acts as an agency broker – not adding on any additional spread. IG adds a commission to each trade made.

 

Platforms & Tools

 

IG provides an outstanding offer of trading platforms and tools.

 

Flagship platform: IG’s main trading platform is its proprietary web-based platform with usability at the centre of the experience.

 

Charting: The default charts within the platform offers traders advanced functionalityincluding the ability to add an alert on a specific indicator, with a total of 28 studies available to select.

 

Additional platforms:  IG offers the MetaTrader4 (MT4) platform and a L2 Dealer platform where Forex Direct and Direct Market Access (DMA) are available for share trading.

 

ProRealTime charts:   Via the ProRealTime premium charting more advanced charting with nearly 100 indicators is provided.

 

Customer Service

 

  • Average Connection Time:<1 minute
  • Average Net Promoter Score:7 / 10
  • Average Professionalism Score:2 / 10
  • Overall Score:17 / 10
  • Ranking:8th in 23 brokers

 

IG provides traders a large selection of quality market research from both in-house and third-party providers plus, a mobile app that comes packed with plenty of features.

 

Mobile app features include:

 

  • Tools:Alerts, sentiment readings, an economic calendar, watch lists, detailed market information and a well-designed layout.
  • Charting:The charting function is loaded with 28 technical indicators and drawing tools.
  • Research:News content and signals from AutoChartist.
  • MetaTrader:MetaTrader is also available for traders who prefer the MT4 mobile app.

 

IG offers traders powerful research tools, competitive spreads and over 17,000 tradeable assets.

 

A review about easyMarkets
 

EasyMarkets

 

EasyMarkets is an award-winning online forex and CFDs broker providing access to more than 300 global markets to clients to clients in over 160 countries.  EasyMarkets Is the Best Forex Broker for Beginners and is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:

 

  • Enhanced risk management tools as standard
  • Fixed spreads on all forex pairings
  • An easy to use forex trading platform

 

Available assets:  Forex, CFDS, Vanilla Options, Bitcoin, Ripple, Ethereum

Platforms:  EasyMarkets Platform, EasyMarkets Trading App, MetaTrader4

 

EasyMarkets accounts start from $100 and a global customer service team is available 24 hours a day via mail, phone or live chat in Arabic, Chinese, English, French, Italian, Polish, Spanish.

 

A review of IC Markets
 

IC Markets

 

IC Markets was founded in 2007 and International Capital Markets Pty Ltd (IC Markets) was established in Sydney and acquired an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC) in 2009 and is considered average-risk.

 

Features

 

Feature IC Markets
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 63
CFDs – Total Offered 41
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

 

IC Markets offers three account types in which trading costs vary from commission-free on the Standard account to commission-based pricing on the True ECN and cTrader accounts and IC Markets provides a mobile version of all the platforms it offers, including MetaTrader 4 and MetaTrader 5 and cTrader, all of which come standard for iOS and Android.

 

A review about Saxo Bank
 

Saxo Bank

 

For traders who can afford the USD 10,000 minimum deposit (GBP 500 for the UK), Saxo Bank offers traders competitive pricing, excellent trading platforms, excellent research, steadfast customer service, and over 40,000 instruments to trade.  Saxo Bank was founded in 1992, and it is a regulated bank and licensed in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.

 

Saxo Bank is an exclusive broker, and therefor requires a large USD 10,000 minimum deposit (GBP 500 for the UK, SGD 3,000 for Singapore) to open an entry-level “Classic” account. Saxo Bank’s Platinum and VIP accounts require USD 200,000 and 1,000,000, respectively. If a broker can get past the stiff deposit, the entire Saxo Trader client experience is unquestionably brilliant and worth the price paid. Alongside access to trading 40,000 instruments, Saxo Bank offers reliable customer service and excellent pricing across the board.

 

Saxo Bank’s branded trading platforms SaxoTraderGO (web) and SaxoTraderPRO (desktop) sets industry benchmarks with streamlined designs and robust trading tools on offer.

 

A review about Swissquote
 

Swissquote

 

For traders who require a multi-asset solution and are willing to pay a premium, Swissquote is worth a consideration. Swissquote was founded in 1996, is publicly-traded (SIX: SQN) and regulated in four tier-1 jurisdictions, making it a low-risk for forex and CFDs trading alike.

 

Swissquote was the first bank in the world to add the trading of underlying cryptocurrencies (non-CFDs), including bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.

 

Features

 

Feature Swissquote
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 78
CFDs – Total Offered 52
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual Yes
Cryptocurrency traded as CFD No

 

Platforms on offer include their exclusive platform suite, Advanced Trader (desktop and web versions), the full MetaTrader suite (MT4 desktop, MT4 web, and MT5) is available as an alternative.  Swissquote’s Advanced Trader mobile app is easy to use and cleanly designed.

 

A review about HYCM
 

HYCM

 

HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

 

Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice.

a wide variety of instruments and currency pairs are available for trade:

 

  • Over 100 instruments
  • Over 40 currency pairs

 

HYCM Trading benefits:

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

HYCM Trading Accounts on offer include Demo, Micro, Mini, Standard and Islamic and the minimum and maximum trade requirements will vary depending on the trader and the instrument.

 

A review about CityIndex
 

City Index

 

City Index is an online broker which was founded in 1983 and offers Forex, CFDs and Spread Betting trading and traders can trade in over 12,500 instruments and over 100 currency pairs on the popular MT4 forex trading platform.  City Index also offer mobile apps for Android and iOS.

 

City Index is a global broker and has a head office situated in the UK and new traders will need to make a minimum deposit of $25 to make a start.

 

City Index Trading benefits:

 

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

 

City Index Trading Accounts on Offer include:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • STP account
  • Managed account

 

City Index support a wide range of languages including English, Spanish, German, Arabic, Polish, and Chinese and has a triple AAA grade support rating.

 

A review about Tickmill
 

TickMill

 

TickMill offers traders 2 basic account types, accessible through the popular MetaTrader 4 platform and offers market execution with average speed of 0.3 seconds, variable spreads, leverage up to 1:30 and micro tradeable lots. The Classic account is commission-free and The Pro ECN carries a charge of a small commission fee and get tighter spreads.

 

Benefits

 

Account type Minimum deposit  Minimum trade size Maximum leverage Spreads (& Commission)
Classic $100 0.01 1:30 From 1.6 pips
Pro $100 0.01 1:30 0.2 pips + $4 / Lot*

 

*Commission is calculated per standard lot of 100 000 units round trip.

 

TickMill supports the MetaTrader4 (MT4) platform, available for Mac/Windows PC, Android & iOS devices and as a web-based version and accepts a wide range of payment methods: via credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, Neteller, dotpay, and Sofort.

 

A review of ThinkMarkets
 

ThinkMarkets

 

ThinkMarkets is an online broker which was founded in 2010 and offers both Forex and CFDs trading.  ThinkMarkets is a global broker with a head office based in Australia.

 

  • Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
  • Min Deposit: 250
  • Used by over 10,000 traders

 

ThinkMarkets has won multiple industry awards over a 10-year span.

 

Benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

ThinkMarkets Trading Accounts Offered:

 

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

 

ThinkMarkets support a wide range of languages including English, Chinese, and Japanese and is governed and supervised by reputable financial regulatory bodies.

 

A review of GO Markets
 

GO Markets

 

GO Markets Pty Ltd is an ASIC regulated broker with their head office situated in Melbourne, Australia. GO Markets is a leading broker with a huge client base from over 150 countries. GO Markets offers forex, share CFDs, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.

 

Pros and Cons

 

Pros Cons
GO Markets is a regulated brokerage entity Demo accounts expire after 30 days; non-expiry demo account is available.
Ultra-fast trade executions courtesy of innovative technology Clients from over 35 high risk and other monitored jurisdiction are not accepted
Availability of trading and analysis tools like Autochartist and Trading central. Only two account types available for all traders.
Clients’ fund segregation. Swap free offered in MENA region only.

 

Read 26 🥇 Best Forex Traders to follow on Instagram – ( Reviewed ) 2020

 

In Conclusion

 

Guaranteed Stop Loss Forex Brokers eliminate the need for traders to always be at their computer when they have open positions – plus, they are perfect for traders who prefer to trade using leverage. Successful Guaranteed Stop Loss Forex Brokers provide excellent conditions for trading with minimal risk, according to research in South Africa.

 

Frequently Asked Questions

 

What are stop losses in forex?

It is an order that is placed with a broker to buy or sell when a stock reaches a certain price.

Why are setting stop losses necessary?

It limits the risk associated with trading currencies.

Which brokers have stop losses?

Here is a list of the 27 Best Forex Brokers with stop losses.

Do professional traders use stop losses?

They use mental stops – this way they don’t give away where the stop loss is by placing it in the market.

Is AvaTrade a stop loss broker?

Yes.

 

Regulated By FSB-SA

Your money is safe with us  |  Enjoy fully segregated accounts