The best brokers with trailing stop loss are eToro, Pepperstone, AvaTrade, and FXTM.
To choose the best broker with trailing stop loss to trade, the availability of trailing stop loss, trading costs (spreads and commissions), platform and tools, execution speed, and customer support are the most important criteria.
eToro is the best broker with trailing stop loss overall, it offers trailing stop loss, with spreads (1 pips on EUR/USD), high execution speed, comprehensive platforms (Proprietary Platform), and active customer support (24/5 availability).
Pepperstone, AvaTrade, and FXTM follow eToro as the best brokers with trailing stop loss with platform and tools (MT4, MT5, cTrader, TradingView and Proprietary Platform), and customer support (24/5 availability via phone, email, and chat). Pepperstone offers trading costs with fixed spreads of 0.1 pips on EUR/USD with an execution speed of 60 ms approximately. AvaTrade offers trading costs with fixed spreads of 0.9 pips on EUR/USD with an execution speed of 145 ms approximately. FXTM offers trading costs with spreads from 0.4 pips on EUR/USD with a high execution speed.
Round-up
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
| broker | trailing stop | guaranteed stop loss |
|---|---|---|
| eToro | Yes | No |
| Pepperstone | Yes | No |
| AvaTrade | Yes | No |
| FXTM | Yes | No |
| Plus500 | Yes | Yes |
| IG Markets | Yes | Yes |
| Fusion Markets | Yes | No |
| XTB | Yes | No |
| Admirals | Yes | No |
| Axi | Yes | No |
What are the best brokers with trailing stop loss?
Below our curated list of the best trailing stop loss forex brokers, with details of features and characteristics.
eToro
eToro offers a trailing stop loss on its proprietary platform. Users can enable or disable it anytime. It requires a minimum deposit of $50 and spreads start at 1 pip.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About eToro
eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.
eToro Features
The features of eToro are listed below.
- Trailing stop loss is available on every version of their proprietary platform including desktop, mobile and web.
- New eToro clients can enable or disable TSL at any time by changing the position settings in the open positions screen.
- eToro is a STP broker and is also the most famous social trading platform.
- eToro requires a minimum deposit of $50 depending on your location.
- eToro spreads start from 1 pip.
eToro Pros and Cons
Advantages of eToro
The advantages of eToro are listed below.
- Great copy trading and social trading features
- Wide range of asset classes
- It allows to buy fractional stocks from $10
Disadvantages of eToro
The disadvantages of eToro are listed below.
- The eToro spreads can be high
- Offers only USD accounts
- Transferring cryptocurrencies to other platforms can be hard
Pepperstone
Pepperstone provides trailing stop loss across MT4, MT5, cTrader, TradingView and Pepperstone Trading Platform. It operates as a STP/ECN broker with zero minimum deposit and spreads from 0 pips.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- The trailing stop loss feature is available on all the platforms available at Pepperstone including MT4, MT5, cTrader, TradingView, and Pepperstone Trading Platform.
- Pepperstone is a STP/ECN broker.
- Pepperstone doesn’t require a minimum deposit.
- Trading with Pepperstone you will find spreads from 0 pips.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,10 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
AvaTrade
AvaTrade allows trailing stop loss only on MT4 and MT5 desktop versions. It maintains fixed spreads from 0.9 pips with a $100 deposit.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About AvaTrade
AvaTrade is a global forex and CFD broker founded in 2006 and headquartered in Dublin, Ireland. AvaTrade offers trading on currencies, commodities, indices, stocks, bonds, ETFs, and cryptocurrencies. AvaTrade provides proprietary platforms alongside MetaTrader 4 and 5. AvaTrade is regulated by multiple authorities including CySEC, ASIC, and FSA. AvaTrade serves over 300,000 clients worldwide. AvaTrade is known for competitive spreads and extensive educational resources. The AvaTrade CEO is David Dryzin since 2016.
AvaTrade Features
The features of AvaTrade are listed below.
- Trailing stop loss is available on both AvaTrade MT4 and MT5 platforms, though only via the Desktop version.
- AvaTrade is a Market Maker broker.
- The broker has a set minimum deposit of $100.
- AvaTrade only offers fixed spreads from 0.9 pips.
AvaTrade Pros and Cons
Advantages of AvaTrade
The advantages of AvaTrade are listed below.
- Tight fixed spreads from 0.6 pips (0.9 pips for retail traders)
- The mobile apps are well designed
- Can be connected to ZuluTrade and Duplitrade
Disadvantages of AvaTrade
The disadvantages of AvaTrade are listed below.
- High inactivity fees
- The demo account is limited to 30 days
FXTM
FXTM supports trailing stop on MT4 and MT5 platforms. Categorized as a STP/ECN broker, it has a $10 minimum deposit and spreads from 0 pips.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About FXTM
FXTM, also known as ForexTime, is a global forex and CFD broker founded in 2011. FXTM offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader 4, MetaTrader 5, and proprietary platforms. FXTM is regulated by multiple authorities including CySEC, FCA, and FSC Mauritius. FXTM is known for low spreads, fast execution, and extensive educational resources. FXTM serves over 2 million clients worldwide. The FXTM CEO is Nicholas Defteras.
FXTM Features
The features of FXTM are listed below.
- Trailing stop is offered by FXTM for their clients on their MT4 and MT5 platforms.
- FXTM is a STP/ECN broker.
- FXTM’s minimum deposit is $10.
- Spreads start from 0 pips depending on your account type.
FXTM Pros and Cons
Advantages of FXTM
The advantages of FXTM are listed below.
- User-Friendly Platform
- Fast Customer Support
- Low Minimum Deposit
Disadvantages of FXTM
The disadvantages of FXTM are listed below.
- Withdrawal Fees
- Limited Product Range
- Inactivity Fees
Plus500
Plus500 provides trailing stop loss on all proprietary platform versions. It operates as a Market Maker broker and uses variable competitive spreads.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Plus500
Plus500 is a global fintech company founded in 2008, offering online Futures trading services in different markets such as Agriculture, Cryptocurrencies, Metals, Commodities, Forex, Interest Rates, Energy and Equity Indices. Plus500 provides proprietary web and mobile trading platforms. Plus500 is regulated by multiple top-tier authorities including FCA, ASIC, and CySEC. Plus500 is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The Plus500 CEO is David Zruia since April 2020.
Plus500 Features
The features of Plus500 are listed below.
- Trailing stop loss is available on all the versions of the Plus500 proprietary platform including desktop, web, and mobile.
- Plus500 is a Market Maker broker.
- Plus500’s minimum deposit is $100.
- Spreads at Plus500 are variable and quite competitive.
Plus500 Pros and Cons
Advantages of Plus500
The advantages of Plus500 are listed below.
- Well-regulated CFD provider
- Over 2000 tradable CFDs
- Unlimited demo account offered
Disadvantages of Plus500
The disadvantages of Plus500 are listed below.
- Limited Regulatory Protections for Professionals
- Inactivity fees
- Limited deposit methods
IG Markets
IG Markets enables trailing stop loss on MT4 and ProRealTime platforms. As a Market Maker broker, it requires a $250 minimum deposit with spreads starting at 0.6 pips.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About IG Markets
IG Markets is a global online trading provider founded in 1974, offering access to over 17,000 financial markets including forex, stocks, indices, commodities, and cryptocurrencies. IG Markets provides proprietary trading platforms alongside MetaTrader 4 and ProRealTime. IG Markets is regulated by multiple top-tier authorities worldwide, including the FCA and ASIC. IG Markets is known for competitive spreads, extensive educational resources, and innovative features like weekend trading. The IG Markets’ parent company “IG Group” CEO is Breon Corcoran.
IG Markets Features
The features of IG Markets are listed below.
- Trailing stop loss is available on IG MT4 and ProRealTime platforms, while is not available with the L2 Dealer and Shares Dealing platforms.
- IG Markets is a Market Maker broker.
- IG requires a minimum deposit of $250 depending on your location.
- The spreads charged from IG start from 0.6 pips.
IG Markets Pros and Cons
Advantages of IG Markets
The advantages of IG Markets are listed below.
- Low spreads from 0.6 pips on Forex
- Wide range of financial instruments
- 40 years of experience in the Forex industry
Disadvantages of IG Markets
The disadvantages of IG Markets are listed below.
- No copy trading features
- No social trading features
Fusion Markets
Fusion Markets offers trailing stop loss on MT4 and MT5. It requires an active internet connection for functionality, has a $10 minimum deposit, and spreads from 0 pips.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Fusion Markets
Fusion Markets is an Australian-based forex and CFD broker founded in 2019. Fusion Markets offers trading on over 90 currency pairs, stocks, indices, commodities, and cryptocurrencies. Fusion Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. Fusion Markets is regulated by ASIC and VFSC. Fusion Markets is known for low trading costs, no minimum deposit, and copy trading services. The Fusion Markets CEO is Phil Horner.
Fusion Markets Features
The features of Fusion Markets are listed below.
- Trailing stop loss is available on both MT4 and MT5 on desktop, mobile, and web.
- In order to set a TSL, your Fusion Markets Metatrader platform will need to be open and constantly connected to the internet.
- Fusion Markets is a NDD broker.
- Fusion Markets requires a minimum deposit of $10.
- Spreads from 0 pips.
Fusion Markets Pros and Cons
Advantages of Fusion Markets
The advantages of Fusion Markets are listed below.
- Low Trading Costs
- Zero Spread Accounts
- Excellent Customer Support
Disadvantages of Fusion Markets
The disadvantages of Fusion Markets are listed below.
- Limited Product Selection
- Basic Educational Resources
XTB
XTB deploys trailing stop loss with xStation5; it functions without requiring the platform open. It operates as a Market Maker broker with no minimum deposit and low spreads.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About XTB
XTB is a global forex and CFD broker founded in 2002 and headquartered in Poland. XTB offers trading on over 2,000 instruments including currencies, stocks, indices, commodities, and cryptocurrencies. XTB provides the proprietary xStation platform and is regulated by multiple authorities including FCA, CySEC, and KNF. XTB is listed on the Warsaw Stock Exchange and serves over 897,500 clients worldwide. The XTB CEO is Omar Arnaout since March 2017.
XTB Features
The features of XTB are listed below.
- Trailing stop loss is available with XStation5 platform.
- Note that the TSL order will work even if your XTB platform is not open or you log out of the platform.
- XTB is a Market Maker broker.
- No minimum deposit required by XTB.
- Low spreads from 0 pips.
XTB Pros and Cons
Advantages of XTB
The advantages of XTB are listed below.
- No minimum deposit
- Wide selection of assets
- Competitive trading costs
Disadvantages of XTB
The disadvantages of XTB are listed below.
- Small withdrawal fee
- No social or copy trading
- XTB demo account is limited to 30 days
Admirals
Admirals offers trailing stop loss on MT4 and MT5 desktop versions. It functions as a STP/ECN broker with $100 minimum deposit and low spreads starting from 0 pips.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Admirals
Admirals, formerly Admiral Markets, is a global forex and CFD broker founded in 2001. Admirals offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader platforms. Admirals is regulated by multiple authorities including CySEC and FCA. Admirals is known for competitive spreads and extensive educational resources. Admirals recently halted onboarding of new EU clients to comply with regulatory standards. The co-founder of Admirals and CEO of Admirals Group is Alexander Tsikhilov.
Admirals Features
The features of Admirals are listed below.
- Trailing stop loss is available on both MT4 and MT5 platforms provided by Admirals.
- Please note that TSL is available only via Admirals MT4 and MT5 Desktop versions.
- Admirals is a STP/ECN broker.
- Admirals’ minimum deposit is $100.
- Admirals charges very low spreads starting from 0 pips.
Admirals Pros and Cons
Advantages of Admirals
The advantages of Admirals are listed below.
- Extensive Forex Options
- Strong Regulatory Framework
- Advanced Educational Resources
Disadvantages of Admirals
The disadvantages of Admirals are listed below.
- Charges Inactivity Fee
- Mobile App Limitations
- Higher Average Spreads for Some Assets
Axi
Axi provides trailing stop via all MT4 versions. It functions as an ECN/STP broker with no minimum deposit and offers spreads from 0 pips.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Axi
Axi, formerly known as AxiTrader, is a global forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. Axi offers trading on currencies, commodities, indices, cryptocurrencies, and stocks through MetaTrader 4 and proprietary platforms. Axi is regulated by multiple authorities including ASIC, FCA, and DFSA. Axi is known for competitive spreads, fast execution, and extensive educational resources. Axi serves clients in over 100 countries worldwide. The Axi CEO is Rajesh Yohannan.
Axi Features
The features of Axi are listed below.
- Trailing stop loss is available via every version of Axi MT4.
- Axi is an ECN/STP broker.
- No minimum deposit required.
- Axi provides spreads from 0 pips.
Axi Pros and Cons
Advantages of Axi
The advantages of Axi are listed below.
- Low Forex Fees
- No Deposit/Withdrawal Fees
- Regulatory Assurance
Disadvantages of Axi
The disadvantages of Axi are listed below.
- Limited Platform Options
- Lack of Advanced Educational Resources
What is a trailing stop?
A Trailing Stop is a type of stop order that moves with the market price. It’s a trade protection strategy used in online trading to protect profit gains or limit losses, particularly in volatile markets.
A trailing stop order is designed to protect gains by enabling a trade to remain open and continue to profit as long as the market price is moving in a favorable direction. However, the trade closes as soon as the market price changes direction by a specified amount (the “trailing stop distance”).
The key difference between a standard stop order and a trailing stop order is that the stop level in a standard stop order remains fixed while the stop level in a trailing stop order adjusts as the market price changes.
How does a trailing stop work?
Assume that you are trading the EUR/USD currency pair, and you go long (meaning you bought Euros and sold US Dollars) at 1.1500, expecting the Euro to appreciate relative to the US Dollar. To protect your profits and limit your losses, you set a trailing stop of 50 pips. In this example, a 50 pip trailing stop would equate to a move of 0.0050 in the EUR/USD exchange rate.
Now let’s say the EUR/USD price moves favorably to 1.1600, an increase of 100 pips. Your trailing stop would also move up from 1.1450 (1.1500 – 0.0050) to 1.1550 (1.1600 – 0.0050). If the EUR/USD price then reverses and moves against you to 1.1540, it would hit your trailing stop level and your position would be closed at 1.1540. In this case, you would still have a net gain of 40 pips (1.1540 close price – 1.1500 entry price), despite the reversal in price.