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Forex brokers with OCO orders

One-Cancels-the-Other orders are quite an interesting tool that provides a trader maximum flexibility in trading. Inherently, OCO orders are two ordinary pending Forex orders (stop-loss and take-profit). At the same time, they are interlinked by an automated cancel function if one of them is triggered. As a result, you get the opportunity to fix profit and limit losses. The best Forex brokers that support orders of OCO type are gathered for you in this section of TopBrokers.com

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Alpari
trusted
Alpari
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:1000
FxPro
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FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:10000
Forex.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:50
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Pepperstone
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
OANDA
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OANDA
  • Exceptional Execution
  • US Clients
  • Scalping
  • Withdraw feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
Interactive Brokers
  • 24/7 instant money withdrawal
  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A

Attractive tool for effective risk management

Most often, One-Cancels-the-Other orders are the most useful when there is already an open trading position. However, if necessary, you can also use them at the stage of entering the position. In this situation, everything depends solely on the characteristics of the trading strategy you use. OCO orders allow you to develop a wide variety of combinations, with which you get the opportunity to automatically take the most profitable trading decision depending on the Forex market situation.

It should be noted that the OCO orders are very convenient because of their features. If you set conventional stop-loss and take-profit orders in Forex trading, rather than One-Cancels-the-Other, in case of successful execution of any one of them, the other will continue to be active. As a result, if the Forex market situation changes, its execution could cause unintended opening of a position. With proper use, OCO orders allow the most effective risk management and significantly streamline Forex trading, which will bring maximum profit.