Share trading platform with trailing stop loss

MikeMike

Can anyone recommend a low cost trading share platform with a trailing stop loss order facility?

Thrugelmir

You set notifications using the London Stock Exchange to monitor individual share prices. X-O offer limit trading. Trouble is prices can move rapidly downwards and you may find no takers for the trade at the set price. 

MikeMike

Thank you for your reply. I can already set stop loss orders on my Hargreaves Lansdown account. I'm trying to find an online broker that offer trailing stop losses, which would appear to be far more useful.

Thrugelmir

Doubt that you'll find this facilty with a low cost broker. Insufficient demand to warrant the system design and build. 

wmb194

Barclays Smart Investor offers "trailing stop orders" for buying and selling. £6 per trade and, varying on the size of your portfolio, a £4+ a month fee.

AJ Bell also offers a stop loss order type, £9.95 per trade plus whatever the quarterly fee is.

EDIT: iWeb does appear to offer it, see link, but its 'TradePlan' functionality doesn't appear to be working at the moment so I cannot check myself. I've never used it though as iWeb wants £2 just to set up an order and if you cancel it you lose the money. If it executes then this amount is deducted from its usual £5 per trade fee.

https://www.iweb-sharedealing.co.uk/getting-started/tradeplan.asp

I remember that Charles Schwab, which became Barclays Stockbrokers and then Barclays Smart Investor, offered stop loss orders in 2000 so I doubt it's an amazing technical feat to offer this if a broker wanted to.

MikeMike

@wbb194 Thank you. Very helpful.

FlexDream

wmb194 said:

....
EDIT: iWeb does appear to offer it, see link, but its 'TradePlan' functionality doesn't appear to be working at the moment so I cannot check myself. I've never used it though as iWeb wants £2 just to set up an order and if you cancel it you lose the money. If it executes then this amount is deducted from its usual £5 per trade fee.
https://www.iweb-sharedealing.co.uk/getting-started/tradeplan.asp
...

I'm with iWeb and TradePlan is still unavailable. It's not clear whether this is temporary or permanent and last week I couldn't get through on chat or phone to check.
Does anyone know if TradePlan will ever return?

port_of_spain

FlexDream said:

wmb194 said:

....
EDIT: iWeb does appear to offer it, see link, but its 'TradePlan' functionality doesn't appear to be working at the moment so I cannot check myself. I've never used it though as iWeb wants £2 just to set up an order and if you cancel it you lose the money. If it executes then this amount is deducted from its usual £5 per trade fee.
https://www.iweb-sharedealing.co.uk/getting-started/tradeplan.asp
...

I'm with iWeb and TradePlan is still unavailable. It's not clear whether this is temporary or permanent and last week I couldn't get through on chat or phone to check.
Does anyone know if TradePlan will ever return?

This page — https://www.iweb-sharedealing.co.uk/help-and-guidance/help.asp — mentions removal of (setting up new) TradePlans as one of the changes they've made because of COVID-19. So presumably it's a temporary change.