Money Transfers with Order Cancels Other (OCO)

Currencies Direct Money Transfer

0.7%

£100

Free Currencies Exchange

Sameday delivery on major currencies

FCA

Currencies Direct Money Transfer is a Money Transfers with Order Cancels Other (OCO) with transaction fees of Free Currencies Exchange

GCEN Money Transfer

£200 minimum transfer

£15 fee for under 5K - No transfer fees over 5K

Sameday delivery on major currencies

GCEN are FCA authorised

Money Transfers with Order Cancels Other (OCO) like GCEN Money Transfer Review are quick and simple with a timescale of around Sameday delivery on major currencies

RationalFX Money Transfer

£100 including by Card

£4.00 Fixed fee via online platform

Sameday Transfers to 48 hours

Fsa authorised and regulated

Send money using RationalFX Money Transfer Review online today and the money will be there in around Sameday Transfers to 48 hours

World First Money Transfer

£5000

Free over £5000

Sameday to 48 hours

FCA authorised and regulated

World First Money Transfer Review is a Money Transfers with Order Cancels Other (OCO) with a minimum transfer of £5000

Caxtonfx Money Transfer

£100

Free

Sameday Transfers to 48 hours

Fsa authorised and regulated

Caxtonfx Money Transfer Review are a good company to use for Money Transfers with Order Cancels Other (OCO). There standard margin rate is 1% which could change based on the amount

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What is an Order Cancels Other? (OCO)

An order cancels other order which is also known as an OCO, is a foreign exchange currency trading term using two currency orders that consists of both a stop loss order and a limit order.

So when you place an Order Cancel Other trade you are actually placing two currency orders at the same time where you need to set limits and stop loss levels before you can continue. Once one of these levels are reached either or the stop loss or the limit order they will be executed straightaway. Which either is executed the stop or the limit, and the other will be canceled at the same time.

A combination of two currency trades of stop loss and limit ordering where the execution of either one automatically cancels the other.

For example, a business could place an One-Cancels-the-Other order or OCO. They would like to buy GBP/EUR if the market reaches 1.2402 and to sell GBP/USD if the market reaches 1.2200.

If the market hits 1.2402 before hitting 1.2200, the order to buy will be executed, and the pending order to sell will be cancelled

To sum up, One Order Cancel Other orders are popular currency exchange trading options orders, that can be used by anyone who wish to get the most out of the currency markets and enables you to place both stop and limit orders. When one order is placed, the other is canceled automatically. This enables traders to partake in other activities rather than constantly monitor their stock.