Guaranteed stop-losses explained

A guaranteed stop-loss order (GSLO), available for most products, works in the same way as a stop-loss order except that it guarantees to close out a trade at the price specified, regardless of market volatility or gapping.

​If you wish to place a GSLO on a trade, you will need to pay a small cost, called a 'GSLO premium' in the trading platform.

The GSLO premium calculation when placing a guaranteed stop-loss order on a trade is: ​premium rate x £/point.

​The applicable premium rate can be found on the trading platform, in the product overview for the relevant product.

​The premium will be charged when placing the GSLO, including when this is done by changing an existing pending regular stop-loss or trailing stop-loss order to a GSLO.

​​Half of the GSLO premium (50%) will be refunded to you if the GSLO is subsequently cancelled before it has been executed. An additional GSLO premium is not required to modify an existing GSLO.

​If you wish to place, modify or cancel a GSLO you must ensure that you have sufficient available funds in your account to cover any increase in position margin as a result. Failure to pay any GSLO premium due in full may result in your GSLO being rejected or removed.

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