A trailing stop-loss order is a risk management tool that many traders rely on. Unlike a fixed stop-loss, it automatically adjusts its triggered point as the market moves in your favor. So as price moves in your desired direction, your exit point moves with it (rising if you long and falling if you are short).
If the market reverses and hits that adjusted level, you are out. It’s a simple way to cut losses while still letting profitable trades room to run. This order can lock in gains without you having to babysit the chart all day.
We at FXEmpire have reviewed hundreds of brokers, and I have hand-picked those that offer trailing stop-loss orders, as well as favorable trading conditions.
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
**82% of retail CFD accounts lose money.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
FxPro was founded in 2002 and has earned a status of industry leader since then. It operates worldwide and is licensed by the FCA, CySEC, FSCA (South Africa), and the SCB of Bahamas. You can trade over 2,100 instruments with FxPro using its own powerful web platform, or to go with real favorites like MT4, MT5, or cTrader.
Broker Features:
FxPro offers various ways to use a stop loss with your trading, depending on the platform being used. The MetaTrader 4 and 5 platforms will have to be opened in order for the trailing stop loss to be triggered, as is the case with MT4/5 at any broker. However, the cTrader platforms allow for server-side trailing stops to be placed. This means the platform doesn’t need to be open to protect your account.
If you wish, a VPS can be utilized for $30/month. VPS allows your MT4 or MT5 platforms to run uninterrupted on a virtual server, triggering trailing stop loss orders regardless of whether or not you have your terminal open. There are several account types that FxPro offers to cater to different types of traders. The Raw+ account has spreads from 0.0 pips, with commissions of $3.50 per side, which is average for the industry.
AvaTrade has been around since 2006, and serves clients in more than 150 countries. Furthermore, eight regulators worldwide, including ASIC, CySEC, and FSA, license AvaTrade. AvaTrade offers one of the widest ranges of trading platforms I’ve seen among the brokers. It includes the broker’s proprietary AvaTrade WebTrader, AvaTrade Mobile App, AvaOptions, and AvaSocial app, along with MetaTrader 4, MetaTrader 5, and DupliTrade.
Broker Features:
AvaTrade gives traders the ability to set trailing stop-loss orders via the MetaTrader 4 and MetaTrader 5 platforms, but these desktop platforms must be running in order for the stop loss to execute. The MT4/5 ecosystem makes setting a trailing stop-loss order easy, as right-clicking on the active trade in the terminal window, or using the trade ticket, allows the trader to set the number of pips. This can be used to protect the account and collect profit in the case of a trade that has worked in your favor.
AvaTrade offers over 1250 assets, including spot trading and options. Markets include forex, indices, commodities, ETFs, bonds, and cryptocurrencies. All of these markets allow trailing stop losses, as you would expect. The AvaTrade Academy has a large amount of educational materials that you can study and watch, via courses, videos, and articles. AvaProtect is a unique asset protection scheme that allows traders to pay a premium to protect themselves from losses for a specified amount of time.
IC Markets has been around since 2007, hailing from Australia. IC Markets has been a favorite of high-frequency Forex traders for years. IC Markets is regulated by the FSA Seychelles, offering tight spreads and boasting zero requotes. ECN pricing accounts are available, with spreads from 0.0 pips on majors. IC Markets has also performed great in our spread tests of its Standard account. We recorded industry-low spreads on all popular assets we tested.
Broker Features:
I confirmed that IC Markets has a tight spread of roughly 0.6 pips in the EUR/USD pair (Standard account) during the New York session, which is lower than the average of 1.0 in a zero-commission account. This is one of the biggest draws to IC Markets, something they have been consistently known for over the years.
I also learned that IC Markets’ Raw MetaTrader account features a $1.50 per side commission with spreads as low as 0.0, offering great value in highly liquid times. For market research, you can use materials from Trading Central and Autochartist.
Remember that the MetaTrader ecosystem requires that the platforms are open in order for stop-loss orders to be executed, while the cTrader platform doesn’t need to be, as trades are sent to the server directly when placed.
eToro has been around since 2007 and was one of the pioneers of “social trading.” There are over 30 million members worldwide that make up the community of traders, many of which are sharing ideas. eToro is regulated by the FCA UK, CySEC, ASIC, and many others. eToro also offers interest paid on balances, allowing longer-term traders to build wealth over time.
Broker Features:
eToro provides a massive collection of educational materials, which is why we consider it a great fit for beginner traders. The eToro Academy features articles and videos covering many topics that matter for new traders, including courses on trading, investing, Forex, shares, crypto, and the platform.
eToro is also known for its huge social trading community that allows traders to observe what others are doing and even follow specific traders they wish to mimic. The trader can copy these trades easily by using the eToro proprietary platform.
IG has been in business for over 50 years. Founded in 1974, it has been one of the leaders in the retail and investing community for a length of time that others can only dream of. IG is regulated by multiple regulators, including the FCA UK, BaFin, and FINMA. IG offers more than 17,000 instruments, depending on where you are located. Simply put, you’d be hard-pressed to find more variety.
Broker Features:
IG offers a wealth of opportunities, as the market offerings are so extensive. The markets include Forex, stocks, indices, commodities, cryptos, ETFs, bonds, IPOS, futures, and options. The IG Web Platform offers trailing stop-loss orders with rapid execution. The broker also offers Direct Market Access via L2 Dealer, which means you can interact directly with liquidity providers, granting access to the order book and market depth.
IG offers Autochartist and PIA-First trading signals for those looking for extra help. IG Academy is a professional educational library with multiple courses available. The spread I recorded on EURUSD with IG was very tight – 0.7 pips in the New York session. While I also experienced low spreads on popular indices, share CFDs came out pricier because of the higher-than-average commission.
Plus500 has been around since 2008 and is even listed on the London Stock Exchange. Plus500 is also regulated by eight different global regulators, including the FSA, CySEC, and ASIC. Plus500 offers over 2,800 CFD instruments in both their web and mobile apps.
Broker Features:
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.
Plus500 US launched in 2023 and now offers trading in both futures and prediction markets. The Plus500 WebTrader platform is an industry leader, and I found it to be among the most intuitive and best-designed platforms I have tested. Flexible order types and advanced charting add to the appeal.
Broker Features:
Plus500 US trailing stop orders enable futures traders to effectively manage their risk while letting winning trades run. Trailing stops are configured by specifying a price distance from the current market price, with the stop automatically moving as the market moves in your favor, while remaining fixed if the price reverses against you.
From the same order ticket, you can also set standard stop-loss and take-profit orders. These allow you to easily manage your risk and define exits before entering a trade. And when it comes to analysis, charting in the WebTrader platform is first-class. The feature-rich charts offer 100+ technical indicators, 20 chart types, and 11 time frames.
OANDA US was founded in 1996 and is an American broker. It is highly regulated by the CFTC and the NFA in the US, a rarity in the Forex world. OANDA offers 68 Forex pairs and 8 crypto spot markets via its partner, Paxos. OANDA has a tried and tested proprietary platform for desktop and mobile trading, as well as MT4 and TradingView.
Broker Features:
OANDA is a giant in the Forex trading world, offering commission-free trading with floating spreads. Our test revealed that the costs are in line with industry standards, allowing for reasonably predictable costs for both short-term and longer-term traders.
The OANDA platform offers over 70 tools and allows for multiple chart configurations. I appreciated the market sentiment heatmap that allows traders to see potential reversals. Furthermore, OANDA has long been known for its institutional-grade analysis of currency markets.
The forex and CFD analysts and editors at FXEmpire bring together seasoned trading professionals and experienced financial journalists. Many of our experts have been featured in leading publications such as Investopedia and Forbes, and all of them combine strong industry credentials with hands-on trading experience.
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 licensed 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 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.
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.
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.
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.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
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