Do I have to place a stop loss on my trades?

Yes. Stop loss and take profit orders are strongly advocated for risk management purposes as default measures. We urge all traders to implement them during assessments and while engaging with funded accounts. Within the realm of FT Mogul accounts, stop losses are obligatory by default. Any position initiated without a stop loss will undergo automatic closure, potentially resulting in losses due to spreads and commissions. Nevertheless, when configuring your assessment, there’s an option to acquire an add-on at a 10% surcharge. This add-on grants you the freedom to forego using a stop loss before executing an order.