Ready to start trading? Open an account in minutes
Already have a live trading account? It's easy to fund your account using one of the following payment methods.
Frequently asked questions
How does a GSLO behave differently compared to a standard stop-loss?
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 trade would have closed at 6900, resulting in a loss of AU$100.