Brokers With Trailing Stop Loss

Home » Broker Guides » Brokers With Trailing Stop Loss

So you’ve carefully analyzed the market, placed your trades, and things are looking promising. But suddenly, the market takes an unexpected turn, and your potential profits begin to slip away. Frustrating, right? Well, fear not! Enter the game-changing concept of trailing stop loss. Trailing stop loss is a powerful risk management tool that can help protect your investments and maximize your gains. And the best part? Many brokers now offer this functionality to their clients, allowing you to automate your exit strategy and enjoy greater peace of mind while trading. In this article, we’ll list brokers with trailing stop loss and explore how they can revolutionize your trading experience. So, buckle up and get ready to discover the game-changing benefits that these brokers bring to the table.

What is Trailing Stop Loss?

Trailing stop loss is a powerful risk management tool used by traders to protect their profits and limit potential losses. Unlike a traditional stop loss order that is set at a specific price level, a trailing stop loss dynamically adjusts as the price of an asset moves in the trader’s favor.

Let’s say a trader purchases a stock at $50 and sets a trailing stop loss order with a 5% trail. As the stock price rises, the trailing stop loss will automatically adjust 5% below the highest price reached. So, if the stock price reaches $60, the trailing stop loss would be set at $57 (5% below $60). If the stock price continues to climb to $70, the trailing stop loss would then adjust to $66.50 (5% below $70). This allows the trader to protect their profits if the stock suddenly reverses and starts to decline.

Brokers that offer trailing stop loss functionality provide traders with greater flexibility and convenience in managing their positions. These brokers understand the importance of risk management and provide traders with the tools they need to safeguard their investments. By utilizing trailing stop loss orders, traders can automate the process of protecting their profits while allowing for potential further gains. It’s important for traders to carefully review the specific features and conditions offered by each broker to determine which one best suits their trading needs.

Top Brokers With Trailing Stop Loss

When it comes to Brokers With Trailing Stop Loss, several industry leaders have established themselves at the forefront of the market. Let’s delve into the Top Brokers With Trailing Stop Loss and explore why they have earned their place at the top.

1. IG

IG is a renowned broker that stands out in the industry, offering traders a wide range of financial instruments and advanced trading features. When it comes to trailing stop loss functionality, IG excels in providing a robust platform with flexible customization options. Traders can easily set their trailing stop parameters, such as the trailing percentage or fixed amount, to suit their risk management strategies. IG’s trading platform offers real-time market data, comprehensive charting tools, and a user-friendly interface that allows for seamless trade execution. The broker’s strong reputation, reliability, and commitment to customer support have positioned it as a top choice for traders seeking brokers with trailing stop loss functionality.

IG have an impressive selection of 18,000+ instruments including Forex, Stocks, Cryptos and Commodities. You can trade via easy to use platforms for desktop and mobile apps, with low trading costs and the peace of mind that you are using one of the most well-known brokers in the industry.

70% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

TradeTrade

2. eToro

eToro has gained significant popularity for its innovative social trading platform, which combines social networking elements with online trading. In addition to its social trading features, eToro also offers trailing stop loss functionality to empower traders with effective risk management tools. The broker’s platform allows traders to easily set trailing stop parameters and automate their exit strategies. eToro’s user-friendly interface, extensive range of tradable assets, and the ability to interact with a vibrant trading community make it a top broker for those seeking both social trading and trailing stop loss functionality.

eToro is a leading social trading platform offering flexible methods of investing in a wide range of assets and copying other traders. The eToro platform is very intuitive with a vast collection of analytical tools and convenient funding options.

77% of retail investor accounts lose money when trading CFDs with this provider.

TradeTrade

3. Pepperstone

Pepperstone is a well-established broker known for its competitive spreads, lightning-fast execution, and advanced trading technology. Pepperstone’s platform offers traders the ability to utilize trailing stop loss orders to protect their positions and maximize profits. Traders can set their trailing stop parameters and customize their orders according to their specific trading strategies. The broker’s platform is equipped with powerful charting tools, real-time market data, and various order types, providing traders with a comprehensive trading experience. Pepperstone’s strong track record, reliability, and commitment to technological advancements have earned it a place among the top brokers with trailing stop loss functionality.

Pepperstone are one of the largest brokers providing traders worldwide access to trade across all of the major global markets with cutting edge technology, modern platforms, low costs, high speed execution, convenient funding options and award-winning customer service.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

TradeTrade

4. IC Markets

IC Markets is a globally recognized broker that caters to both retail and institutional traders. The broker offers traders a range of trading platforms, including MetaTrader 4 and MetaTrader 5, both of which support trailing stop loss functionality. Traders using IC Markets can easily set trailing stop orders to protect their positions and automate their exit strategies. IC Markets’ platforms provide advanced charting capabilities, fast execution, and a wide selection of tradable assets, making it an attractive choice for traders looking for brokers with trailing stop loss features. Additionally, the broker’s competitive pricing, reliable customer support, and industry-leading trading conditions contribute to its top-ranking status.

IC Markets is the world’s largest true ECN trading broker offering over 2,000 trading instruments across multiple markets on the most popular trading platforms. They are a multi-regulated broker with deep liquidity pools that can provide you with rapid trade execution speeds, low spreads, low commission fees, various funding options and 24/7 support.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

TradeTrade

5. AvaTrade

AvaTrade is a well-established broker known for its comprehensive trading services and user-friendly platforms. Traders using AvaTrade have access to trailing stop loss functionality, allowing them to effectively manage risk and optimize their trading strategies. The broker’s platforms provide a range of customization options, enabling traders to set their trailing stop parameters based on their preferences. AvaTrade’s platforms offer advanced charting tools, one-click trading functionality, and a variety of educational resources to support traders at all levels of experience. The broker’s strong regulatory framework, global presence, and commitment to customer satisfaction have propelled it to the top-tier of brokers with trailing stop loss functionality.

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

TradeTrade

6. XTB

XTB is a prominent broker offering traders a range of financial instruments and innovative trading solutions. Trailing stop loss functionality is a prominent feature provided by XTB, enabling traders to protect their positions and maximize profits. The broker’s platforms offer customizable trailing stop parameters, empowering traders to set their desired levels of risk management. XTB’s trading platforms provide advanced charting tools, real-time market analysis, and a user-friendly interface, ensuring a seamless trading experience. The broker’s commitment to transparency, competitive pricing, and strong customer support has positioned it as a top choice for traders seeking brokers with trailing stop loss capabilities.

XTB offer superior execution on a reliable, award-winning platform, being one of the largest stock exchange-listed Forex and CFD brokers in the world - dedicated to helping you at every stage of your trading journey.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

TradeTrade

Conclusion

In conclusion, brokers with trailing stop loss functionality, including the top 6 picks we have explored in this article offer traders robust platforms, customizable features, and reliable support. These brokers empower traders to automate their exit strategies, protect their positions, and optimize their trading strategies. With user-friendly interfaces, advanced charting tools, and competitive pricing, these top brokers provide a seamless trading experience for traders of all levels. By choosing a broker with trailing stop loss, traders can enhance risk management and maximize their trading potential.

Relevant Articles