Guaranteed stop-loss orders (GSLOs) work exactly the same as regular stop-loss orders except that, for a small premium charge, they guarantee to close you out of a trade at the price you specify, regardless of market volatility or gapping.
|1||XTB||2002||BaFin, CNMV, CySEC, FCA, IFSC|
|2||City Index||1983||ASIC, FCA, FSA, IIROC, MAS, NFA|
|6||Core Spreads||2014||ASIC, FCA|
|7||Plus500||2008||FCA, CySEC, MAS, IE, ASIC, AFSL, FMA, FSP|
|10||IG Markets||1974||FCA, ASIC, FSCA, CFTC, NFA|
Well, for a start they carry a hefty premium which is usually levied in the form of an extra point or two on the spread. Secondly, spread betting firms typically will only allow you to place guaranteed stops on the most liquid stocks;
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