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Contact us on at 0800 26 26 27 or support@cmcmarkets.co.nz to activate Shield Mode.

A guaranteed stop-loss order (GSLO) works in the same way as a stop-loss order except that it guarantees to close out a trade at the price specified, regardless of market volatility or gapping. If you wish to place a GSLO on a trade, you will be required to pay a small cost, called a 'GSLO premium'. The GSLO premium amount to be paid when placing a guaranteed stop-loss order on a trade is calculated as follows: premium rate x number of units. Learn more about Guaranteed stop-loss here.

Guaranteed stop loss orders (GSLOs) work the same as regular stop loss orders except, for a small premium charge, they guarantee to close out a trade at the price you specify, regardless of market volatility or gapping. If the GSLO is not triggered, we'll refund 100% of the original premium. If you add a GSLO to an open trade then the margin required will be the margin rate set by CMC, or the maximum loss for that trade – whichever amount is greater. This GSLO-specific margin type is called 'Prime Margin' and will be displayed at the foot of the order ticket. Learn more here.

The cost of Shield Mode on your CFD account is the same as having a standard CFD account with CMC Markets. The only difference being a GSLO needs to be attached to each trade and it will incur a premium. The GSLO premium (100%) will be refunded to you if the GSLO is cancelled before it’s executed. An additional premium is not required to modify an existing GSLO.

Shield Mode reduces some key risk associated with a standard CFD account, but market risk and loss of trading capital still exists. Find more information on the risks of trading CFDs here.

You can trade a range of FX, indices, commodities, ETFs and shares with a limited range versus our standard account.