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6 Best Brokers with Trailing Stop-Loss Order for 2024

Looking for a forex broker with trailing stop-loss orders? Based on our hands-on analysis, we’ve identified 6 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Jitan Solanki
Reviewed By:
Ola Alder
Updated: Aug 25, 2024

List of Top Brokers with Trailing Stop-Loss Order

Best brokers for US traders

Regulated by the CFTC and the NFA. OANDA, TradingView, MetaTrade 4 platforms. Average trading costs. Extensive market research content.

Best brokers for international traders

1,250+ tradable instruments. MT4, MT5, AvaTradeWeb, AvaTradeGO, AvaOptions, AvaSocial platforms. Commission-free trading accounts with competitive spreads. AvaProtect risk management tool.

Low spreads, zero requote policy. Raw ECN trading accounts. MT4, MT5, and cTrader platforms. 2,250+ tradable instruments.

30 million member social trading community. Copy trading at the click of a button. Commission-free trading accounts. Content-rich eToro Academy.

Easy-to-use web platform and mobile app. 2,800+ leveraged financial CFD instruments. +Insights Tool for sentiment readings. Premium Service Package for external market research and webinars.

17,000+ tradable instruments. IG WebTrader, MT4, ProRealTime, L2 Dealer platforms. DMA trading accounts. Autochartist and PIA-First trading signals.

*82% of retail CFD accounts lose money.

How did FXEmpire select the Best Forex Brokers with Trailing Stop-Loss Orders?

FXEmpire's Methodology

  • We only selected brokers with a high overall score from our proprietary rating system.
  • We checked each broker offers a trailing stop-loss order on their trading platforms.
  • We tested the trading platforms for the number of available features and user-friendliness.
  • We examined the broker’s trading fees and compared them to the industry average to ensure they were competitive and transparent.
  • We verified the regulatory licenses for each jurisdiction where the broker operates.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s go through the selected brokers.

Best Overall

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

Founded in 2006, AvaTrade has clients in more than 150 countries. Licensed by eight regulators in the world, including CySEC, ASIC, and the CBI, the broker provides more than 1,250 tradable instruments available from a range of platforms – MT4, MT5, AvaTradeWeb, AvaTradeGo, and AvaOptions.

Broker Features:

  • Trailing Stop-Loss Availability: MT4/MT5 Desktop
  • EUR/USD Fees: Average Spread 0.9 pips, Zero Commission

AvaTrade offers a trailing stop-loss feature on the MetaTrader 4 and MetaTrader 5 desktop trading platforms. After opening a live trade, users can right-click on the trade in the Terminal window to select how many pips the market needs to go before moving the stop-loss. It is a useful risk management tool that can help lock in any gains on a trade and minimize any losses when the price turns.

AvaTrade boasts a diverse portfolio of 1,250 tradable instruments, spanning forex, stocks, indices, commodities, ETFs, bonds, and cryptocurrencies, all compatible with trailing stop-loss for risk management. The unique AvaProtect feature guards trades against losses for an upfront premium. Moreover, the AvaTrade Academy provides an extensive range of educational materials, including courses, tutorials, articles, and videos.

After opening a live trading account, I found the spread for EUR/USD averaged 0.9 pips during the most active times in the London and New York trading sessions. This is better than the industry average of 1.0 pips for a zero-commission trading account.

Pros
  • 1,250+ tradable instruments
  • Multiple trading platforms
  • AvaProtect risk management tool
  • Extensive AvaTrade Academy
Cons
  • $50 monthly fee if no activity for 3 consecutive months

Best Low Spreads

Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
  • Min Deposit
    $200
  • Tradable Instruments
    2245
  • Fees
    Low

Founded in 2007, IC Markets has been the go-to forex broker for high-frequency and high-volume forex traders. Regulated by CySEC, ASIC, and FSA Seychelles, the broker offers low spreads, zero requotes, ECN pricing trading accounts, and more than 2,250 tradable instruments.

Broker Features:

  • Trailing Stop-Loss Availability: MT4/MT5 Desktop, cTrader Desktop, Web & Mobile
  • EUR/USD Fees: Average Spread 0.65 pips, Zero Commission

After opening a Standard Account with IC Markets, I found the spread on EUR/USD during the most active times in the London and New York trading sessions averaged 0.65 pips. This is better than a zero-commission account’s average of 1.0 pips. Traders can access even lower spreads with the Raw ECN account which charges a commission of 3.50 USD per lot on the MT4/MT5 platform.

I found the Raw ECN account on the cTrader platform to be an excellent option. Firstly, the spreads start from 0 pips with a lower commission of 3.00 USD per lot. Secondly, the trailing stop-loss feature in the cTrader desktop, web, and mobile app is server-side which means it will work even if your cTrader platform is not open. The trailing stop-loss feature is client-side on the MT4/MT5 desktop, meaning it only works if your platform is open.

Pros
  • Low spreads, zero requotes
  • cTrader server-side trailing stop-loss
  • 2,250+ tradable instruments
  • Autochartist and Trading Central research tools
Cons
  • All the platforms have a learning curve

Best for Beginners

51% of retail CFD accounts lose money.
  • Min Deposit
    $50
  • Tradable Instruments
    6030
  • Fees
    High

Founded in 2007, eToro has become the leader in copy and social trading with a 30 million-member community. Regulated by the UK FCA, CySEC, ASIC, and others, beginner traders are offered commission-free trading accounts on over 2,200 tradable instruments along with an excellent range of educational materials.

Broker Features:

  • Trailing Stop-Loss Availability: eToro Web Platform & Mobile App
  • EUR/USD Fees: Average Spread 0.95 pips, Zero Commission

eToro provides an extensive range of educational materials useful for beginner traders. In the eToro Academy, I found excellent articles and videos covering a wide range of topics, including step-by-step platform tutorials, courses on trading, investing, forex, cryptocurrency, and shares, and guides on using a trailing stop-loss (which can be added on after opening a trade).

Additionally, beginner traders benefit from the platform’s feature allowing them to observe other traders’ performances and seamlessly copy these trades into their accounts, a significant advantage for gaining confidence in trading.

Our live fee analysis revealed that the spread for EUR/USD averaged 0.95 pips during peak trading hours in the London and New York sessions, outperforming the industry standard of 1.0 pips for commission-free accounts.

Pros
  • Rich collection of content in eToro Academy
  • Commission-free trading
  • Social and copy trading
  • Easy-to-use web platform
Cons
  • $5 withdrawal fee

Best Trading Platform

CFD Service, 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
  • Min Deposit
    $100
  • Tradable Instruments
    2047
  • Fees
    Medium

Established in 2008, Plus500 has a prestigious listing on the London Stock Exchange and holds licenses from eight global regulators, such as the UK FCA, CySEC, and ASIC. The broker offers traders over 2,800 financial CFD instruments through its advanced proprietary web trading platform and mobile app, both of which are known for their comprehensive features.

Broker Features:

  • Trailing Stop-Loss Availability: Plus500 Web Platform and Mobile App
  • EUR/USD Fees: Average Spread 0.8 pips, Zero Commission

Plus500 offers a user-friendly proprietary web trading platform and mobile app, designed for ease of use right from the start. With effortless search functionality for its extensive range of over 2,800 financial CFD instruments, the platform enables users to create personalized watchlists and customize charts with various timeframes, indicators, and risk management tools like trailing stop-loss orders, enhancing the trading experience.

The web and mobile features are generally the same, and both integrate the +Insights Tool. This is a sentiment indicator that shows the number of Plus500 clients long or short in a market. I find sentiment indicators valuable in identifying when a market is overbought or oversold and susceptible to a reversal. The average spread for EUR/USD was 0.8 pips, which is better than the industry average for a commission-free account.

Pros
  • Intuitive platform
  • Unique sentiment indicator
  • Premium Service Package
  • 2,800+ financial CFD instruments
Cons
  • No telephone support

Best for Professional Traders

4.6
70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
  • Min Deposit
    $250
  • Tradable Instruments
    17252
  • Fees
    Medium

Founded in 1974, IG has been a heavyweight in the retail trading and investing industry since 1974. Licensed by nine regulators worldwide, including the UK FCA, BaFin, and FINMA, IG offers an excellent range of professional trading products, 17,000+ tradable instruments, and DMA trading accounts.

Broker Features:

  • Trailing Stop-Loss Availability: IG Web Platform & Mobile App, MT4 Desktop, ProRealTime Desktop, L2 Dealer Desktop
  • EUR/USD Fees: Average Spread 0.75 pips, Zero Commission

IG provides the ability to trade on a massive range of financial instruments covering forex, stocks, indices, commodities, cryptos, ETFs, bonds, IPOs, futures, and options. IG’s proprietary platform offers a trailing stop-loss, which can be easily added to an existing position. Having used the platform for over ten years, I found it fast, reliable, intuitive, user-friendly, and packed with features such as live trading signals from Autochartist and PIA-First.

The broker also provides DMA (Direct Market Access) accounts through its L2 Dealer platform. This enables clients to trade directly with IG’s liquidity providers, including exchanges and investment banks, granting access to the order book and market depth.

Our live fee test showed the spread for EUR/USD during the London and New York trading sessions averaged 0.75 pips. This is better than a commission-free trading account’s average of 1.0 pips.

Pros
  • 17,000+ tradable instruments
  • An array of platforms with advanced features
  • Leading in-house market research
  • Trading, investing, and wealth management accounts
Cons
  • The range of markets may overwhelm some beginners

Best Overall in the US

OANDA corporation is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
  • Min Deposit
    $0
  • Tradable Instruments
    69
  • Fees
    Medium

Founded in 1996 and headquartered in the United States, OANDA US is tightly regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). The broker offers 68 currency pairs and 8 crypto assets. It stands out with its versatile proprietary platform that accommodates the execution of advanced technical analysis.

Broker Features:

  • Trailing Stop-Loss Availability: OANDA Web/MT4/TradingView
  • All trading strategies allowed
  • EUR/USD Fees: Average Spread 1.4 pips, Zero Commission

OANDA’s standard account features commission-free trading and floating spreads from 1.1 pips. I assessed that, broadly, OANDA’s trading costs meet the industry average. After I carried out my tests, I determined that its pricing mechanism is suitable for both short-term and longer-term trading.

The standout feature in OANDA’s offering is its professional-grade platform which boasts more than 70 analytical tools and chart configurations for examining trading setups from different angles.

The platform also has excellent built-in features, such as its market sentiment heatmap, which allows the user to understand how the underlying buying and selling pressures change over time. The broker also incorporates the renowned MetaTrader 4 and seamless TradingView.

Pros
  • Tightly regulated
  • Wide choice of trading platforms
  • Professional-grade analysis tools
  • Robust research content
Cons
  • Limited range of tradable instruments

How to choose a forex broker with trailing stop-loss orders?

Here is a quick guide on choosing the best broker offering a trailing stop-loss order.

Is the broker regulated?

Trading with a regulated broker, overseen by a well-known governmental financial authority is essential to ensure your capital is safe. Regulated brokers adhere to strict rules for handling client money and trade execution, with penalties for non-compliance.

Brokers are rated based on regulator tiers:

  • Tier-1 Regulators (e.g., UK FCA, IIROC, CySEC, ASIC) enforce client fund segregation, offer negative balance protection, and require brokers to join compensation schemes for client protection against broker bankruptcy. Verify a broker’s adherence to their legal terms and the country’s regulatory register.
  • Tier-2 Regulators (e.g., DFSA, FMA, FSCA), prevalent in smaller or emerging markets, provide reasonable investor protection with some enforcement on operational rules and client fund security, though not as comprehensive as Tier-1.
  • Tier-3 Regulators (e.g., VFSC, Bahamas SCB), operating in less stringent jurisdictions, offer minimal investor protection with more relaxed rules, posing higher risks for traders.
  • Unregulated brokers lack financial oversight and standard investor protections, such as client fund segregation or negative balance protection. Trading with them involves significant risk, including potential loss beyond initial investments, with no recourse in disputes or broker failure. Traders should be wary, understanding the risks and weighing them against the benefits of trading without regulatory safety nets.

Read more about Best regulated forex brokers.

Are the fees transparent and competitive?

The forex brokers listed on this page, all offer a trailing stop-loss order for free. However, there are other trading fees to take into consideration:

  • Spread: The difference between the buy and sell prices of a financial instrument.
  • Commission: A fee incurred during the buying or selling process.
  • Overnight or Swap Fee: The cost associated with holding a leveraged or margined position overnight.
  • Payments: Fees linked to depositing or withdrawing funds.
  • Inactivity: A charge applied in the absence of any trading activity over a specified period.

While brokers will strive to impose the highest fees possible, opting for a broker with the lowest fees is better. However, you should take into consideration the safety of the broker first and foremost. You can assess a broker’s fees by reviewing their fee page on the website, reaching out to customer support, or opening a demo trading account.

If a broker’s fee information is difficult to identify and understand, it should be considered a red flag. A reputable broker will prioritize transparency and ensure that clients are well-informed about the competitiveness of their trading fees compared to the industry average.

Read more about Best lowest spread forex brokers and Best low swap fees forex brokers.

How to choose the best account type?

In my experience, I have seen some brokers offer just one trading account and some offer up to seven. While these accounts may vary in minimum deposits, they are mostly differentiated by fees and can be generally categorized as either commission-free or commission-based.

In a commission-free trading account, there are no charges for buying or selling. Nevertheless, the broker usually increases the spread they receive from the interbank market to compensate. Consequently, commission-free accounts generally feature wider spreads.

Conversely, a commission-based trading account imposes a fee for buying or selling, as the price quotes are directly sourced from the interbank market and the broker’s liquidity providers. Consequently, commission-based accounts typically offer lower spreads.

The choice between these account types depends on the traders’ individual preferences and trading style. Beginner traders might find a commission-free trading account preferable, as most costs are incorporated into the spread, simplifying risk management decisions. However, an advanced trader may gravitate towards a commission-based account with lower spreads, which enables more precise trade execution.

Learn more about Best ECN forex brokers and Best STP forex brokers.

How much leverage is available?

One reason forex and CFD trading is so popular is leverage. By trading on leverage, you can control a large position using a small deposit. It helps to magnify both winning and losing trades.

For instance, if a broker provides 1:30 leverage, you can initiate a forex trade valued at $30 with just a $1 deposit, effectively managing a position worth thirty times your deposit.

When trading on leverage, your profit and loss are calculated on the total trade value, not solely the margin deposited. If your account lacks sufficient capital to control the larger position, the broker may initiate a margin call. In such a scenario, the broker automatically closes your trades, potentially resulting in unforeseen losses.

Tier 1 regulators such as the FCA, CySEC, ASIC, and IIROC have implemented leverage restrictions for currency pairs, setting it at 1:30 for retail traders due to the inherent volatility of these markets. While some offshore brokers may offer higher leverage, caution should be exercised as you may be margin called unexpectedly and lose your entire trading capital.

Explore Best forex brokers with high leverage.

What trading platforms are available?

A trading platform serves as your gateway to the global financial markets. It needs to be fast, secure, and offer a wealth of useful trading features and risk management tools. Some of the most common trading platforms include:

MetaTrader 4: The ‘go-to’ forex trading platform which has excellent charting capabilities, technical analysis tools, and automated trading features. Read more about best MT4 brokers.

MetaTrader 5: An updated version of MT4 with more indicators, timeframes, and markets. Read more about best MT5 brokers.

cTrader: A platform specifically designed for high-frequency traders and scalpers. Read more about best cTrader brokers.

TradingView: A browser-based social trading platform with advanced research tools and access to global markets. Read more about best TradingView brokers.

In-House Proprietary Software: Some brokers may invest in having their own proprietary trading software.

I prefer brokers that provide multiple platforms that are accessible across different devices. This approach ensures that if there are any issues with one platform or device, I can seamlessly trade from an alternative, guaranteeing uninterrupted management of my account.

Check out our dedicated guides on Best forex trading platforms.

What platforms are most suitable for trailing stop-loss orders?

It’s important to note that MT4/MT5 are the most commonly offered trading platforms by brokers. While the desktop versions of these platforms support trailing stop-loss orders, for most brokers, the platforms need to be open for these orders to function, as the order is client-side rather than server-side. This is why many brokers offer Virtual Private Servers (VPS), allowing your platform to be operational 24/7. However, the web and mobile versions of MT4/MT5 do not offer trailing stop-loss orders.

The cTrader platform might be more suitable for traders using trailing stop-loss orders. This is because, whether you add a trailing stop-loss order via the desktop, web, or mobile app, it is server-side. This means the platform does not need to remain open for the trailing stop-loss to be effective. As cTrader is specifically designed for short-term traders, its features cater to such trading styles.

Regarding brokers’ own proprietary trading platforms, the availability of a trailing stop loss varies. For instance, AvaTrade’s web platform does not support it, whereas the web trading platforms of IG, eToro, and Plus500 offer this feature.

What to avoid when choosing a forex broker with trailing stop-loss orders?

When selecting a forex broker offering the use of a trailing stop-loss order, beware of these red flags:

  • Unregulated Brokers: If an unregulated broker decides to act fraudulently and steal your capital, there are no protections in place to reclaim your capital.
  • Lack of Transparency: If you cannot easily identify a broker’s regulatory status, trading fees, and conditions, it’s a red flag and you should avoid them.
  • No Physical Presence: If a broker does not have a physical office with employees in a well-established region, it’s another red flag that you should avoid.
  • Unrealistic Profit Promises: Brokers that make extravagant promises of substantial profits often lack honesty and may operate without proper regulation.

How to avoid forex and CFD scams?

Unfortunately, the forex and CFD industry is plagued by scams. To steer clear of them, follow these guidelines:

  • Trade Exclusively with Regulated Brokers: Limit your trading activities to regulated brokers and verify their licenses on the official regulator’s website.
  • Confirm Physical Office Presence: Ensure the broker operates from a physical office within a jurisdiction governed by a robust and credible regulatory framework.
  • Access to Live Customer Support: Access to live customer support to address any concerns or issues promptly is critical to ensuring a smooth trading experience.
  • Conduct Due Diligence: Perform due diligence by reviewing online news articles and broker reviews to gather information and insights regarding the broker.
  • Use Trusted Payment Methods: Only utilize payment methods for deposits and withdrawals you are familiar with and trust.
  • Read Terms and Conditions: Carefully read the broker’s terms and conditions before entering into any agreements or commitments to understand the terms of your engagement thoroughly.

Our Methodology

To identify the best forex brokers with a trailing stop-loss order, we evaluated brokers using our proprietary rating system which analyzes 250 data points across nine core categories:

  • Trustworthiness: We verify the broker’s license to operate by confirming their authorization and regulatory status with the regulator in their jurisdiction.
  • Fees: We test how competitive a broker’s trading fees are by opening a live trading account and comparing them to the industry average.
  • Trading platform and tools: We assess the broker’s trading platforms’ user-friendliness, ease of access, trading tools, and features.
  • Tradable instruments: We examine the number of tradable instruments offered by each broker to ensure a broad range of markets are available to trade on.
  • Customer support: We engage with the customer support team through different channels to test the ease of access, knowledge, and helpfulness.
  • Payment methods: We examine the different deposit and withdrawal methods to check their fees and processing times.
  • Account types: We check the different elements of each account type and examine their execution methods, minimum deposits, and any additional features.
  • Research and education: We explore the quality and depth of each broker’s research and educational materials.

Here you can learn more about our review process.

For this guide, we also confirmed that each broker offers a trailing stop-loss on any of the platforms they offer. We also ensured each broker is licensed and authorized to provide investment services and they offer competitive trading fees and a diverse range of markets to use a trailing stop-loss on.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

A trailing stop-loss order is a risk management tool that can help to minimize losses and lock in profits. By setting a trailing stop-loss order, you are instructing the broker to move your stop-loss a certain amount of pips away from the market price, every time the market moves a certain amount of pips in your favor.
A standard and trailing stop-loss will both exit a trade at the set price in the stop-loss order. A trailing stop-loss differs as it the price set will move as the market moves based on the conditions the trader has set for it.
Yes, trailing stop-loss orders can be used in both rising and falling markets. In a rising market, a trailing stop-loss is set below the market price and moves upward with the price, locking in profits as the market rises. Conversely, in a falling market, it can be set above the market price to trail downwards, providing protection against further losses as the market declines.
With most trading platforms, a trailing stop-loss order can only be set on a live, open, and existing trade. Usually, it involves clicking on your open order and setting the number of pips you want to move the stop loss by and how far the market must move in order to start moving or trailing the stop loss.
There are many benefits to using a trailing stop-loss order. Firstly, it can help to minimize losses so when the market price does turn you are exited promptly. Secondly, it can help to lock in gains. If the market moves very quickly in a certain direction you are locking in the gains made by trailing the stop-loss and protecting what you have.
As with any stop-loss orders, they are not guaranteed due to slippage. If the market is moving quickly, all stop-loss orders may not be executed at your exact price. But this is true for all brokers and all stop-loss orders (with the exception of guaranteed stop-loss orders) due to market dynamics.
A trailing stop-loss can help you capitalize on any gains and minimize any losses in a highly volatile market. This is because a trailing stop-loss can be set to aggressively trail your stop as the market moves up and down.
Yes, a trailing stop-loss order can be adjusted after it's set. Traders have the flexibility to modify the parameters of the trailing stop-loss, such as changing the trailing amount or percentage, based on evolving market conditions or changes in their trading strategy. However, it's important to note that each adjustment resets the trailing stop-loss position, and continuous adjustments might impact the effectiveness of the order in protecting profits or limiting losses.
The MT4/MT5 trading platforms offer a trailing stop-loss on its desktop platform only and are unavailable on its web and mobile app. Furthermore, the desktop platform does need to be open for it to work with most brokers. With cTrader, trailing stop-loss orders are server-side and are available on the desktop, web, and mobile app but the platforms do not need to be open all the time.
A trailing stop-loss order cannot protect profits if the market gaps. Orders can only be filled if the market trades at the price level.
Stop-loss orders such as a trailing stop are not guaranteed due to slippage. In times of high volatility, no broker can guarantee the price your trade will be filled at, resulting in slippage of a certain amount of pips.
Determining whether to use a fixed stop-loss or trailing stop-loss is a the trader’s discretion. There is no best solution as it depends on market circumstances and the trader’s style. Typically, trailing stop-loss orders are used for short-term, breakout traders to capitalize on quick bursts of movement in the market.
It is possible to set a trailing stop-loss on all asset classes if your broker offers them.
Trailing stop-loss orders can be used in day trading and are commonly used to lock in the profit from short-term price movements.

About the Author

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.