We found 11 online brokers that are appropriate for Trading OCO Forex Brokers.
In the dynamic realm of forex trading, Forex Brokers Providing One-Cancels-the-Other (OCO) orders offers traders a vital toolkit for optimizing strategies and managing risk. OCO orders operate within an automated trading platform and allow traders to place two orders simultaneously - stop orders, limit orders, or sell orders - where the execution of one automatically cancels the other order. This strategic functionality caters to diverse trading strategies, from volatile stocks to market price movements, automatically cancelling or executing orders stipulating profit targets, trailing stops, and more. With OCO's power to manage multiple orders simultaneously, traders gain a decisive edge in navigating the complexities of modern forex markets with a strategy where a trade cancels the other order.
Risk Warning : 74-89 % of retail investor accounts lose money when trading CFDs. Your capital is at risk when trading with a LAMM live trading account.
OCO Integration: IC Markets integrates OCO orders seamlessly into its platform, catering to novice and experienced traders.
Risk Management: OCO orders offered by IC Markets help traders mitigate risk by allowing them to set stop loss and take profit levels simultaneously.
Automation: Traders can set up OCO orders to be automatically cancelled when one part of the order executes, ensuring that their positions are managed effectively.
Multiple Trading Platforms: IC Markets offers multiple trading platforms, including MetaTrader 4 and MetaTrader 5, giving traders options for utilizing OCO orders according to their preferences.
OCO Benefits: RoboForex's incorporation of OCO orders empowers traders to execute strategies more efficiently and manage risk.
Tailoring Strategies: Traders using RoboForex's OCO orders can tailor their strategies by combining stop loss and take profit levels within the same asset.
Automation and Flexibility: RoboForex's OCO orders are designed to automatically cancel the corresponding order when the first part executes, providing traders with flexibility and convenience.
Variety of Instruments: RoboForex offers OCO orders for various trading instruments, including forex pairs and other financial assets.
OCO Functionality: XTB's OCO orders enhance traders' ability to manage their positions and execute strategies precisely.
Risk Control: Traders can set up OCO orders to limit losses and lock in profits, contributing to effective risk management.
Experienced Traders: XTB caters to experienced traders who value advanced trading tools, making OCO orders an attractive feature for their target audience.
Market Conditions: OCO orders on XTB's platform automatically cancel one part of the order when the other executes, adapting to various market conditions.
OCO Integration: XM's trading platform incorporates OCO orders, allowing traders to streamline their trading strategies.
Trade Automation: OCO orders on XM automate trading strategies, ensuring that one part of the order is cancelled as soon as the other executes.
Risk Management: Traders can manage risk effectively by setting stop loss and taking profit levels within the same OCO order.
Accessible Trading: XM aims to make trading accessible to a wide range of traders, and their OCO orders contribute to this goal by simplifying strategy execution.
Comprehensive Trading: AvaTrade's trading platform offers OCO orders to facilitate comprehensive trading strategies and efficient risk management.
Automated Solutions: Traders can utilize OCO orders to automate their trading plans and avoid the emotional biases that can impact manual decision-making.
Multiple Order Types: AvaTrade's platform supports various order types, allowing traders to incorporate OCO orders alongside other conditional orders for a well-rounded approach.
Risk Warning : 74-89 % of retail investor accounts lose money when trading CFDs. Your capital is at risk when trading with a LAMM live trading account.
The One-Cancels-the-Other (OCO) order is a powerful tool many trading platforms, including forex brokers, offer to enhance trading strategies and mitigate risk. This order type combines two individual orders, typically a stop loss sell order and a take profit order, allowing traders to manage potential gains and losses more effectively.
Combining Orders: A trader places an OCO order when they want to set both a stop loss and a take profit level for an open position. It means that if one order executes, the other is automatically cancelled, minimizing exposure to market volatility.
Managing Risk: OCO orders are essential for managing risk in forex trading. By setting a stop loss order to limit potential losses and a take profit order to secure gains, traders ensure their positions are managed even if they're not actively monitoring the market.
Automation: The OCO order is automatically cancelled once the stop loss or the take profit level is reached. This automation is crucial for ensuring traders' safety from locking in profits or limiting losses due to unforeseen market movements.
Flexibility: Traders can use OCO orders for various trading strategies. For example, they can set tighter stop loss levels for more volatile assets and wider ones for less volatile ones. This flexibility allows for customization according to the trader's risk tolerance and market analysis.
Conditional Orders: The OCO order combines two conditional orders, allowing traders to predetermine their exit points without managing the position actively. It is handy during periods of high market volatility.
Many trading platforms and forex brokers provide the One-Cancels-the-Other (OCO) order functionality, catering to the needs of both beginner and experienced traders. This feature enhances the trading experience by automating exit strategies and managing risk.
Setting up and managing One-Cancels-the-Other (OCO) orders with forex brokers involves a straightforward process that empowers traders to optimize their trading strategies and risk management.
Accessing the Order Menu: Log in to your trading account on the broker's platform and navigate to the trading order menu.
Selecting OCO Order: Choose the option from the available order types. It will prompt you to define the specifics of the OCO order you want to place.
Specifying Entry Order: Set the entry order, the initial trade you want to execute. It can be a market or limit order, depending on your strategy.
Defining Stop Loss: Assign the stop loss and have profit levels for your trade. The stop loss limits potential losses, while the take profit secures gains. Make sure these levels are aligned with your risk tolerance and market analysis.
Reviewing and Confirming: Double-check all the details of your OCO order, including entry, stop loss, and take profit levels. Confirm that the order is accurately set up.
Monitoring and Automation: Once the OCO order is executed, the trading platform will automatically cancel the corresponding order (either the stop loss or take profit) as soon as the other order is triggered.
Adjusting Orders: If market conditions change, and you want to modify the OCO order, you can adjust the stop loss or take profit levels directly from the trading platform.
One-Cancels-the-Other (OCO) orders offer traders several advantages that enhance their trading strategies, manage risk, and capitalize on market opportunities.
Risk Management: OCO orders allow traders to set predefined levels for stop loss and take profit, ensuring that potential losses are limited, and gains are secured.
Automation: Traders can execute their strategies without constantly monitoring the market. OCO orders are automatically executed and cancelled based on specified conditions.
Minimizing Emotional Bias: By setting up OCO orders, traders can avoid emotional decision-making, often leading to impulsive actions that may harm their overall strategy.
Capitalizing on Volatility: In volatile markets, OCO orders are especially advantageous. They help traders capitalize on sudden price movements while managing potential downsides.
Customization: OCO orders offer flexibility by allowing traders to tailor their stop loss and take profit levels to match their risk appetite and analysis.
Time Efficiency: OCO orders save time for traders who may not have the luxury to constantly monitor their positions, making trading accessible for those with busy schedules.
While One-Cancels-the-Other (OCO) orders offer significant benefits, it's essential for traders to be aware of potential limitations and risks that stop orders from making informed decisions.
Technical Glitches: In rare cases, technical issues with the trading platform could impact the execution of OCO orders, leading to missed opportunities or unintended trades.
Market Gaps: During periods of high volatility or news releases, market gaps can occur, causing orders to be executed at significantly different prices than intended.
Overdependence on Automation: Relying solely on automated orders can lead to missed opportunities if market conditions change rapidly.
Unpredictable Events: Black swan events or unexpected news can lead to extreme market movements that might render OCO orders less effective.
Unfavorable Spreads: In fast-moving markets, spreads can widen, affecting the execution price of both stop loss and take profit orders.
Order Execution Timing: The timing of order execution is crucial. If one order executes just before the other, it might not cancel in time, potentially exposing the trader to additional risk.
Yes, traders across various trading strategies, including scalping, day trading, and swing and trading strategy above, can benefit from incorporating One-Cancels-the-Other (OCO) orders into their approach.
Scalping: Scalpers who aim to profit from short-term price movements can use OCO orders to limit losses and secure gains within their rapid trading window.
Day Trading: OCO orders are advantageous for day traders who want to close positions before the market closes. They help lock in profits and prevent unexpected losses overnight.
Swing Trading: Swing traders holding positions for a few days to weeks can utilize OCO orders to automate their exit strategy and capture profits during price swings.
Combining Strategies: Traders often combine strategies. For instance, a trader could use an OCO order to capture profits from a swing trade while simultaneously setting up an OCO order within that trade to Manage short-term price fluctuations.
Customization: The flexibility of OCO orders allows traders to adapt the concept to their specific trading strategies, tailoring them to suit their timeframes and risk management goals.
Market Conditions: OCO orders are valuable in all market conditions, from stable to volatile. They adapt to the trader's approach, helping them execute their strategies more effectively.
One-Cancels-the-Other (OCO) orders provide traders with a versatile tool to manage risk, automate strategies, limit orders out, limit price, and capitalize on market opportunities in the forex trading landscape. OCO orders empower traders to execute their plans more efficiently across various trading styles and market conditions by offering risk management, automation, and customization advantages. However, it's essential for traders to remain aware of potential limitations and risks associated with this order type and to continually adapt their strategies based on market dynamics and their risk appetite. With many forex brokers offering OCO functionality through their trading platforms, traders have a powerful tool to enhance their trading experience.
We have conducted extensive research and analysis on over multiple data points on Forex Brokers Providing One Cancels The Other OCO to present you with a comprehensive guide that can help you find the most suitable Forex Brokers Providing One Cancels The Other OCO. Below we shortlist what we think are the best OCO Forex Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Brokers Providing One Cancels The Other OCO.
Selecting a reliable and reputable online OCO Forex Brokers trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade OCO Forex Brokers more confidently.
Selecting the right online OCO Forex Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for OCO Forex Brokers trading, it's essential to compare the different options available to you. Our OCO Forex Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a OCO Forex Brokers broker that best suits your needs and preferences for OCO Forex Brokers. Our OCO Forex Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top OCO Forex Brokers.
Compare OCO Forex Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a OCO Forex Brokers broker, it's crucial to compare several factors to choose the right one for your OCO Forex Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are OCO Forex Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more OCO Forex Brokers that accept OCO Forex Brokers clients.
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IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 65% of retail CFD accounts lose money | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare OCO Forex Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top OCO Forex Brokers for 2025 article further below. You can see it now by clicking here
We have listed top OCO Forex Brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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