Best Trailing Stop Forex Brokers
May 09, 2022
Last modified May 10, 2022
Trading Risk Management: Trailing stop
A straight stop loss can be a little inflexible when the market moves. It is usually tied to the price at which you bought the stock. However a trailing stop can adjust automatically to market conditions and their effect on the price of the stock or contract that a trader is holding. The trailing stop is recalculated all the time because it effectively states that if the trade falls a certain percentage below the current market price, it should be closed. This means that if the stock or contract has been rising h2ly, and then starts to fall, you can close the trade out promptly without waiting for it to hit a floor, as with the standard stop loss. For example, suppose you buy at £10.00 and put a 15% trailing stop in place. To begin with, the stop will be triggered if the stock falls to £8.50 (15%). However, with a trailing stop, if the stock goes up to £15.00, the stop will be triggered when the stock falls to £12.75 (15% below £15.00). So trailing stops can help to lock in a profit.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best Forex Brokers With Trailing Stop Orders
Here are the best forex brokers with trailing stop orders.
- IG - 9.7/10 Overall
- Saxo Bank - 9.5/10 Overall
- CMC Markets - 9.4/10 Overall
- Interactive Brokers - 9.2/10 Overall
- TD Ameritrade - 8.9/10 Overall
- FOREX.com - 8.7/10 Overall
- XTB - 8.7/10 Overall
- City Index - 8.7/10 Overall
- Swissquote - 8.5/10 Overall
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.828 (September 2021) |
All-in Cost EUR/USD - Active | 0.365 (May 2020) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.8 (August 2020) |
All-in Cost EUR/USD - Active | 0.6 (August 2020) |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.73 (August 2021) |
All-in Cost EUR/USD - Active | N/A |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.6 (From 09/25/21 - 10/02/21) |
All-in Cost EUR/USD - Active | 0.6 (From 09/25/21 - 10/02/21) |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | No |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.26 pips (August 2021) |
All-in Cost EUR/USD - Active | 1.26 pips (August 2021) |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | No |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.1 (US August 2021) |
All-in Cost EUR/USD - Active | 1.1 (US August 2021) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.9 (Q3 2021) |
All-in Cost EUR/USD - Active | 0.9 (Q3 2021) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.1 (August 2021) |
All-in Cost EUR/USD - Active | 1.1 (August 2021) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | -1 |
All-in Cost EUR/USD - Active | -1 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more.
About the Author
Marcus Taylor
BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.