When possible, use limit orders to get into positions that will reduce your chances of higher slippage costs. This will guarantee an exit from the losing trade, but not necessarily at the price desired. Market orders leave traders susceptible to slippage because they may allow a trade at a worse price than anticipated. Slippage occurs when you make a trade and the price is higher or lower than expected for buying and selling, respectively.
Funds lost this way may be compensated under the FSCS […]