Does Pepperstone offer Stop Loss and Take Profit orders?

Take Profit (TP) and Stop Loss (SL) Orders

Both Take Profit (TP) and Stop Loss (SL) orders are trigger levels that instruct the system to close your position once the market price reaches a certain point.

However, they do not guarantee execution at the exact price you set — instead, once the trigger is reached, the order is executed at the next best available price in the market.

This is due to market volatility, liquidity, and execution speed, especially during fast-moving or illiquid periods.

How it Works:

Example 1 — Buy (Long) Position

• You open: Buy EUR/USD at 1.2000

• You set:

o Take Profit (TP): 1.2100

o Stop Loss (SL): 1.1950