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Best Trailing Stop Forex Brokers of 2024
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.
Best Forex Brokers With Trailing Stop Orders
Here are the best forex brokers with trailing stop orders.
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IG
- 9.9/10 Overall
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Interactive Brokers
- 9.9/10 Overall
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Saxo
- 9.7/10 Overall
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CMC Markets
- 9.6/10 Overall
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FOREX.com
- 9.4/10 Overall
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City Index
- 9.3/10 Overall
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XTB
- 9.1/10 Overall
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eToro
- 8.8/10 Overall
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Capital.com
- 8.7/10 Overall
Minimum Deposit | £250.00 |
Tier-1 Licenses | 8 |
Tradeable Symbols (Total) | 19537 |
Year after year, IG has shown itself to be the best broker in the forex industry and a fantastic choice for forex traders. Highly trusted and regulated across the globe, IG delivers a wide variety of rich features, market research, and powerful trading tools. IG also offers seamless integration of trading signals into its web platform. Read full review
Minimum Deposit | $0 |
Tier-1 Licenses | 9 |
Tradeable Symbols (Total) | 8500 |
Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR's web-based platform is great for beginner forex traders. Read full review
Minimum Deposit | $0 |
Tier-1 Licenses | 7 |
Tradeable Symbols (Total) | 70000 |
Saxo is a highly trusted broker that operates multiple banks and is regulated across the globe. Saxo delivers an incredible cross-platform experience alongside powerful research and a vast selection of more than 60,000 symbols across multiple asset classes. It’s worth noting that minimum deposits at Saxo are steep. Read full review
Minimum Deposit | $0 |
Tier-1 Licenses | 5 |
Tradeable Symbols (Total) | 11925 |
CMC Markets is a highly trusted multi-asset broker regulated in multiple Tier-1 jurisdictions. CMC's powerful Next Generation trading platform for web and mobile delivers a huge selection of markets and a fantastic user experience. CMC Markets also ranks highly for its high-quality research and educational content. Read full review
Minimum Deposit | $100 |
Tier-1 Licenses | 7 |
Tradeable Symbols (Total) | 5500 |
FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels. Read full review
Minimum Deposit | £100.00 |
Tier-1 Licenses | 7 |
Tradeable Symbols (Total) | 13500 |
City Index, part of StoneX Group, is an award-winning, highly trusted broker with a long history of offering forex and CFDs across its global offices. City Index delivers a well-designed mobile trading app and a powerful web platform, as well as a large range of tradeable markets (though pricing is just average). Read full review
Minimum Deposit | $0 info |
Tier-1 Licenses | 2 |
Tradeable Symbols (Total) | 6200 |
XTB is a highly trusted brand with a proprietary platform (xStation 5) that delivers a rich selection of trading tools. XTB also offers CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginners will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy. Read full review
Minimum Deposit | $50-$10,000 |
Tier-1 Licenses | 3 |
Tradeable Symbols (Total) | 5461 |
Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks). Read full review
Minimum Deposit | $20 info |
Tier-1 Licenses | 3 |
Tradeable Symbols (Total) | 3007 |
Capital.com delivers an innovative trading platform, powerful market research, and an impressive range of educational content. Capital.com also offers a growing number of tradeable markets, and the broker's competitive pricing puts it in the same category as the best low-cost forex brokers. Read full review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.
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BrokerNotes.co 2024 Overall Rankings
To recap, here are our top forex brokers for 2024, sorted by Overall ranking.
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