Guaranteed stop loss is not a common practice with Forex brokers as one would expect. The list below shows all Forex brokers who offer guaranteed stop losses. But first, let’s briefly touch the theory. Guaranteed stop loss — your stops are executed at the requested price forex broker guarantee stop no matter what.
Regular stop loss — your stops are subject to market volatility and best available price, execution not guaranteed. Does it really matter which stop loss to use? However, the risks are still there. Price Gaps — the price changes so quickly that there is a visible gap on the chart. All orders caught in the gap are not filled. All stops caught in the gap are not executed. Slippage — the price has changed relatively quickly and there was not enough time to fill the stop order at a requested level.
As a result the stop is filled at the next best available price, incurring slippage. There are no gaps, so you won’t even see it on the chart. With slippage your stop loss is executed anyway, although not at desired price. While with gaps your stop is not executed at all, and you need to close the trade manually.