What a stop loss order does and where it can differ
A stop loss order instructs the platform to close a position once the price reaches a level you set. In general terms, a standard stop loss becomes a market order when triggered, which means the fill price can differ from the stop level during fast or thin markets. Some brokers also offer guaranteed stops, trailing stops or stop-limit variants, each with different behaviour and sometimes different costs. Whether any of these exist at Vantage, on which platforms, and on which instruments is something you must confirm in the broker's current product documentation rather than assume.
- A triggered stop typically fills at the next available price, not necessarily at the stop level.
- Slippage risk is highest around news events, market opens and low-liquidity sessions.
- Order type availability can vary by platform, account type and instrument.
- Guaranteed stops, where offered by a broker, often carry an extra charge.


