B2Broker, an industry leader in providing turnkey solutions to brokerages and exchanges, has enhanced its flagship product, B2Trader, to include stop orders. B2Trader already supports spot FX and cryptocurrencies, and the new update extends its functionality. Now, companies' customers will have better tools to protect their assets and make better trading decisions. The stop order feature is a part of B2Broker's effort to make its services and products of the highest quality.
Stop Orders: A New Feature
Using B2Trader as their matching engine, brokers can now offer stop orders to their users, including stop limit and stop market orders. With the new feature, traders will have the ability to place stop orders for all instruments traded on the exchange, and it is available in all packages. New functionality enhances traders' flexibility and control in their trading activities.
Stop market orders are used by traders to limit losses and take profits in the event if the market swings in an unfavorable direction for them. These orders are used to enter at a particular price or exit at a certain level. Both types can be set as pending orders, triggering when the specified price is reached.
In a stop limit order, you specify several parameters: the stop price and the limit price. The stop price is the price that will trigger the order, and the limit price is the max/min price at which the order can be fulfilled. Upon reaching the stop price, the order turns into a limit order and is only executed if the market price falls within the limit price.
A stop order feature can be found on the order entry screen on B2Trader, where either the buy or sell option can be selected to submit an order. Putting stop orders is easy through the charting interface.
Conclusion
B2Broker is committed to offering the best possible products and services to its clients, and the company is always looking for ways to improve. Undoubtedly, the new stop orders feature for B2Trader will help brokers become even more successful with their business. In the near future, a number of new updates will take place for B2Trader, bringing it to an even greater level of relevance for both traders and brokers.
