Money Transfers with Stop loss Order

Currency Solutions Money Transfer

1%

£3000

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

Sameday delivery on major currencies

Fsa authorised and regulated

Money Transfers with Stop loss Order like Currency Solutions Money Transfer are quick and simple with a timescale of around Sameday delivery on major currencies

IFX Money Transfer

1%

£5000

Free Currency Exchange

Sameday Transfers to 48 hours

FCA

IFX Money Transfer Review are a good company to use for Money Transfers with Stop loss Order. There standard margin rate is 1% which could change based on the amount

UKForex Money Transfer

1%

£1000 minimum transfer

£7 fee for under 3K - No transfer fees over 3K

Sameday delivery on major currencies

Fsa authorised and regulated

UKForex Money Transfer Review is a Money Transfers with Stop loss Order with transaction fees of £7 fee for under 3K - No transfer fees over 3K

Halo Financial Money Transfer

0.7%

£1000 minimum transfer

Free Currency Exchange

Same day

FCA approved

Halo Financial Money Transfer Review is a Money Transfers with Stop loss Order with a minimum transfer of £1000 minimum transfer

FC Exchange Money Transfer

1%

£5000

£10 flat fee when under £10,000

Sameday on all major currency transfers

FCA approved

Money Transfers with Stop loss Order like FC Exchange Money Transfer are quick and simple with a timescale of around Sameday on all major currency transfers

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What is a Stop Loss Order?

A stop loss oder is where you agree to buy or sell currency at a specific exchange rate. A stop loss does exactly what it says in the sense that it offer your currency protection 24 hours 7 days a week from any negative exchange rate movements. But at the same time as protecting you from negative movements a stop loss also gives you the opportunity to benefit is the exchange rates was to improve. Using stop loss for your currency options is free of charge and good until cancelled.

Setting a currency order to automatically buy currency at a pre-determined rate to ensure you won’t miss out should the market reach your desired exchange rate at any time.

Where currency is bought and/or sold for delivery when an agreed exchange rate is available and /or protecting against adverse market movements; An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will be executed at a specified price after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price.

The primary benefit of a stop-limit order is that the trader has precise control over where the order should be filled. The downside, as with all limit orders, is that the trade is not guaranteed to be executed if the currency does not reach the limit price.

A stop order is an order that becomes executable once a set price has been reached and is then filled at the current market price. A limit order is one that is at a certain price. By combining the two orders, the investor has much greater precision in executing the trade.

Stop Limit Order

A Stop Limit Order is used to open a position (or an exposure) with a Stop Limit order to buy or sell a symbol at a predefined rate. A stop limit order to type means that  you want to buy or sell at a worse price than the market rate.

Example:

The GBP/E UR rate is 1.23. If you want to buy GBP/EUR when the price is less desirable for purchasing, they can place a limit to buy the GBP/EUR at 1.20.