eToro
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77% of retail investor accounts lose money
10 Best Brokers with Trailing Stop Loss for 2023
Top Picks
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Pepperstone
Visit Pepperstone74-89% of retail investor accounts lose money when trading CFDs -
Admirals
Visit Admirals76% of retail investor accounts lose money -
AvaTrade
Visit AvaTrade79% of retail investor accounts lose money -
FXTM
Visit FXTM81% of retail investor accounts lose money -
Plus500
Visit Plus50077% of retail investor accounts lose money -
IG Markets
Visit IG Markets70% of retail CFD accounts lose money -
Fusion Markets
Visit Fusion Markets(Your capital is at risk) -
XTB
Visit XTB79% of retail investor accounts lose money -
Axi
Visit Axi69.6% of retail investor accounts lose money
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.
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.
Not all forex brokers offer this type of service. In this article, we have grouped the best forex brokerage firms that also offer trailing stops.
To compile this ranking we have taken into consideration:
- If the Trailing Stop Loss feature is available;
- In which platform the TSL is available;
- If there were specific features about the TSL.
Table of Content
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 |
| Admirals | Yes | No |
| AvaTrade | Yes | No |
| FXTM | Yes | No |
| Plus500 | Yes | Yes |
| IG Markets | Yes | Yes |
| Fusion Markets | Yes | No |
| XTB | 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.
- 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.
- The trailing stop loss feature is available on all the platforms available at Pepperstone including MT4, MT5 and cTrader.
- Pepperstone is a STP/ECN broker.
- Pepperstone doesn’t require a minimum deposit.
- Trading with Pepperstone you will find spreads from 0 pips.
74-89% of retail investor accounts lose money when trading CFDs
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
About The Author
Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.
10 Best Brokers with Trailing Stop Loss for 2023
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