As an STP broker, Tier1FX offers Market Execution. This guarantees that your orders are always* filled at a fair and transparent market price, with no dealer intervention, re-quotes and delays.
As all orders, including Stop Loss, are filled at the current market price, it is possible for your trade to be closed at a level other than your pre-set stop value. This is known as “gapping”: in fast moving markets, prices may gap straight through your pre-set order price.
Stop Loss orders are designed to automatically cut losses if market moves against you. For this reason, once your SL has been triggered, your trade will be closed at the next available market price in order to prevent further losses on your account.
As a result, while execution on your SL is guaranteed, the actual close price may differ from the one you have specified.
*Subject to Market Liquidity