What is a guaranteed stop-loss order?
Unlike stop-loss orders, GSLOs protect your positions by guaranteeing to exit your trades at the exact price you specify, regardless of market volatility. If your GSLO is triggered, we will charge you a fee (or premium) for the GSLO on your trade. If your GSLO is not triggered no fee is applied.
What is gapping?
Market gapping occurs when prices move instantaneously from one price level to another, without trading at the levels in between. This can happen during periods of high market volatility and in between sessions of continuous trading. On weekends and public holidays when markets are closed for trading, for example.
As a result of this gapping, when the markets re-open, your stop-loss orders may be filled at a worse price level than the one you may have requested. This is known as “slippage”.
If a GSLO is placed far enough away from the market price so that the margin requirement of the GSLO would be greater than the standard margin (5% on FX CFDs), then the standard margin requirement is used instead.
GSLOs can protect your trades from this slippage. As seen in the chart above, the market gapped but the GSLO was still filled at the requested price level. Since the GSLO was triggered, a GSLO premium was charged.
If you had placed a stop loss-order, your trade would have been closed at the next available price when the markets re-opened for trading.

Place a guaranteed stop-loss order on the OANDA mobile app and web platform
To add a GSLO to an order, simply tap the stop loss button and set your GSLO level either by price or select the level by the number of pips away from the entry price at which you would like your GSLO to be triggered.
Portfolio screen
If a trade has a GSLO associated with it, this is displayed on the portfolio/trades screen like a normal stop loss, with an additional “G” next to the stop loss level.
Key information and GSLO restrictions
Other restrictions
Easy funding and withdrawals
As a leading, regulated broker, your funds are safe with us. It is easy and straightforward to deposit, withdraw and transfer funds between your OANDA sub-accounts from your ‘My Funds’ page.
Login to your account.
Click ‘manage funds’ to view your ‘my funds’ page.
Deposit or withdraw funds to or from your OANDA account.

Get personalised access to premium trading tools and content and exclusive premium client events.
⤉Subject to meeting the criteria set out in the account package offering.
Effortless account opening in minutes.
Go from application to trading in three easy steps:
Fill in our app form
Wait for account activation^
Login, fund and trade
^Subject to meeting our criteria. Additional information/documentation may be requested prior to account activation to establish eligibility.
Already have a live trading account?
It's easy to fund your account using one of the following payment methods.





Frequently asked questions
Let’s say you open one unit of a long CFD position on the Australia 200 Index at 7000 and place your guaranteed stop 50 points away at 6950 as you are concerned about market volatility.
The premium being charged if the GSLO is triggered is 2 pips.
If the index gaps down 100 points to 6900, your position would automatically be closed out at your GSLO level of 6950 and you will realise a loss.
(order size x stop distance) + (order size x premium fee) = loss
(1 x 50) + (1 x 2) = AU$52.
If you hadn't placed the guaranteed stop on your position, but instead used a standard stop loss at 6950, your tra
Trusted by traders all over the world
With over 25 years of experience, the OANDA Group offers leading tools, powerful platforms and transparent pricing.
Go pro and get rewarded
Upgrade to our professional trading account for higher leverage ratios, a welcome bonus of up to $10,000, added margin relief and volume based rebates.
Get started in three steps
Open a live or practice OANDA trading account in three steps: apply, verify your identity and fund.
Trade CFDs
Take a position on a range of CFDs using our platforms, TradingView and MT4.