Guaranteed Stop Loss Order definition
Examples of Guaranteed Stop Loss Order in a sentence
OANDA will have no obligation to execute any Order (other than a Close Out Order, or a Guaranteed Stop Loss Order for a Guaranteed Stop Transaction), including but not limited to any Order which would cause your Account to fail to meet the Margin Requirement.
Guaranteed Stop Loss Orders may be offered with minimum and maximum quantities that may be different than other order types, and ▇▇▇▇▇.▇▇▇ Canada may charge a premium for each Guaranteed Stop Loss Order at rates that are available on the ▇▇▇▇▇.▇▇▇ Canada Online Trading System.
If you have a Limited Risk Account and, for any reason, a Guaranteed Stop Loss Order is not specified by you in relation to a Trade, a Guaranteed Stop Loss Order will be automatically placed by us on each opening Trade at our prevailing minimum stop level away from the opening Our Price of the Open Position concerned.
It is Customer’s sole responsibility to clearly indicate the terms of an Order when entered, whether Market Order, Limit Order, Stop/Loss Order, Guaranteed Stop Loss Order (if available), Day-Only Order, OCO Order or GTC Order, including the Order’s Value Date and specified Spot Rate limits, where applicable.
You may, however, amend a Guaranteed Stop Loss Order in accordance with clause 8.6 above.