What are the best brokers that offer news trading?
Not all brokers are suitable for news trading because important factors such as execution speed and low spreads are required。So which brokers offer the best execution for news trading??
Not all brokers are suitable for news trading because important factors such as execution speed and low spreads are required。So which brokers offer the best execution for news trading??
Forex markets are heavily influenced by major world economic events as well as smaller events known to some countries。Therefore, in forex trading, it is vital to be aware of global news and economic events as they affect short-term price movements。
The method of trading using market fluctuations caused by economic events is called a news trading strategy.。During major events, the market can be very volatile, so traders can use this momentum to make instant profits。In general, Forex brokers will not prohibit clients from using news trading strategies and continue to trade even if the market is highly volatile and risky due to major events.。
If you are looking for the best news trading broker, you can try:
- IC Markets
- FXOpen
- RoboForex
- Pepperstone
- ThinkMarkets
Read below to understand why they are the best forex broker for news trading。
1. IC Markets
IC Markets is an Australian broker established in 2007.。The broker is particularly notable for its economic calendar, as it is very detailed。
In addition to this, the broker publishes several economic news daily and has a top blog for further analysis。With the combination of fast ECN execution and low spreads, it's no surprise that IC Markets has become a popular choice for scalpers and news traders.。
In addition, there is no minimum deposit requirement to visit the broker, so you can see that opening an account in IC Markets is worth a try。You can choose multiple payment methods to deposit and withdraw money, including credit and debit cards。
- Execution speed: below 40ms
Friendly to News Traders: Yes
Spread: from 0.Start at 1: 00
Trading platform:MT4、MT5、cTrader
Additional features: economic calendar, real-time spread of multiple tools
IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
2. FXOpen
FXOpen was founded in 2003 and is currently regulated by the FCA and ASIC。FXOpen offers 68 tradable assets and claims no re-quotes so you don't have to worry about execution。In addition to this, brokers offer useful risk management tools such as negative balance protection, trailing stops, etc.。FXOpen allows news trading in any account type except micro accounts。
- Execution speed: super fast
Friendly to News Traders: Yes
Spread: 0.From 0 o'clock
Trading platform:MT4、MT5、TickTrader、Webtrader
Additional features: economic calendar, market news, market analysis, market pulse
FXOpen has been operating as an online trading provider for retail customers since 2005.。The company was founded by a group of traders with a mission to provide services in the interests of traders.。FXOpen claims to be one of the first companies to offer ECN trading via MetaTrader 4 (MT4)。With unique proprietary price aggregation technology, customers can benefit from the industry's most competitive spreads (from 0 points) and low trading commissions。
In 2006, FXOpen also became the first broker to offer micro and swap-free accounts.。Since then, they have gone on to become pioneers in a number of high-tech services, including the first crypto account that can offer trading facilities for 24 cryptocurrency pairs such as Bitcoin, Litecoin and Ethereum.。
In addition, the company also provides one-click trading and secondary MT4 plug-ins, allowing traders to trade with just a click of the mouse。Traders don't need to worry about trading security at FXOpen。They are registered with Nevis, FCA UK and ASIC Australia。
Provide STP, Micro, ECN and other trading accounts, as well as free unlimited demo accounts。Minimum deposit per account depends on account type; $1 for micro accounts, $10 for STP and cryptocurrency accounts, and $100 for ECN accounts。FXOpen also offers leverage up to 1: 3 (for cryptocurrency accounts) and up to 1: 500 (for micro, STP and ECN accounts)。
In addition, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.。Both services allow anyone to copy the trades of an experienced trader。Thus, a trader can replicate the results of a professional trader's strategy。
The FXOpen PAMM service allows transactions to be copied from the main account to one or more follower accounts and automatically distributes profits and losses。A professional trader operates personal funds through a PAMM account, his trading strategy is copied into the funds of his followers。The owner of the follower account can view and analyze the performance of the PAMM account with the help of advanced analytics。FXOpen has 3 PAMM accounts, STP, ECN and Crypto PAMM。
On ECN accounts, traders will receive direct quotes from leading liquidity providers, including Dresdner Bank, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Royal Bank of Scotland, Citibank and UBS Group。
After seeing the various advantages offered by FXOpen, traders can easily register an account by simply filling out the form in the registration menu of the FXOpen website。Traders will be required to verify documents in advance if they want to deposit or withdraw funds。According to the trader's experience and information, since the establishment of FXOpen, customers have not had any major complaints about payments (deposits or withdrawals)。
After registering with FXOpen, traders also have the opportunity to receive other benefits, such as the FXOpen cash return program within the first 90 days after new customer registration。Cash back minimum $5, maximum $1,000。
In addition, ECN, STP and crypto account holders can also use free VPS。Traders who can maintain a net worth of $5,000 at the end of the month or reach a monthly trading volume of $10,000,000 can use FXOpen VPS for 1 month free of charge。The advantages of VPS on FXOpen are excellent accessibility, flexibility and speed。
Trading on FXOpen becomes easier because traders can increase their insight into trading by participating in competitions。FXOpen Broker via ForexCup.com website offers weekly and monthly trading competitions on demo accounts, traders can participate in free competitions to hone their skills。If you want a bigger challenge, there are trading competitions on real accounts。
The company also offers a forex partnership program to traders, forex brokers and website owners who post information on fiat and cryptocurrency trading.。There are 3 types of partner levels, including using referral (affiliate) links, Forex rebates, and personal partner conditions to attract new customers to FXOpen's Forex IB (Forex Agent)。
All in all, FXOpen is a comprehensive forex brokerage firm for traders who want to try a variety of trading tools, the trading environment for ECN accounts, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features such as PAMM and mock competitions.。
3. RoboForex
RoboForex is a reputable broker founded in 2009 that offers over 100 tradable assets as well as low-cost trading。When it comes to news trading, the broker has a forex analysis and forecast section where you can find a lot of economic analysis published throughout the day, perfect for keeping you informed about current market conditions。For just $10, you can open an account and start trading。
- Execution speed: 0.1 second
Friendly to News Traders: Yes
Spread: 0.From 1: 00
Trading platform:MT4、MT5、R MobileTrader、R StocksTrader、WebTrader、cTrader
Additional features: economic calendar, market analysis and forecasting
RoboForex is known as one of the most committed brokers to the advancement of trading technology, with a wide range of services, from beginners to experienced traders who seek a complex trading environment with similar ECN spreads and execution。Founded in 2009 and headquartered in Belize, RoboForex is registered under the Belize IFSC and successfully attracts customers with a leverage ratio of up to 1: 2000.。
As for services for European traders, RoboForex operates exclusively a different brand called RoboMarkets, which is still a member of the head office (Robo Holding Company) and has an office in Cyprus.。The business is licensed by the Cyprus Securities and Exchange Commission (CySEC)。
RoboForex is committed to being at the forefront of high-tech forex brokers, offering a variety of trading platform options including MetaTrader 4, MetaTrader 5, cTrader, social platforms and its proprietary platforms。
Trading instruments range from currencies to metals, indices, energy, stocks, ETFs and cryptocurrencies。In addition to basic services, RoboForex trading also presents a series of unique features, such as the PAMM system and the social trading network developed under its own brand CopyFX, ETFs and stocks, with thousands of available trading assets, small spreads, and payment methods via Bitcoin and Ethereum.。
In addition to wire transfers and credit cards, RoboForex accepts payments through a surprising online gateway。Alternatives are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi and other similar online payments。
After opening an account, traders can start with a minimum deposit as low as $10 in a professional account。To be specific, here is a short description of each type of account a trader can choose in RoboForex:
Pro-Standard
- Minimum deposit: $10
Spread: 1.From 3 o'clock
Minimum order quantity: 0.01
Leverage: up to 1: 2000
ECN-Pro
- Minimum deposit: $10
Spread: from 0 o'clock
Minimum order quantity: 0.01
Leverage: up to 1: 300
Prime
- Minimum deposit: $5,000
Spread: from 0 o'clock
Minimum order quantity: 0.01
Leverage: up to 1: 100
Pro-Cent
- Minimum deposit: $10
Spread: 1.From 3 o'clock
Minimum order quantity: 0.1
Leverage: up to 1: 2000
R Trader
- Minimum deposit: $100
Spread: 0.From $01
Minimum order quantity: 1 stock
Leverage: up to 1: 200 (during the trading session) and up to 1: 4 (after the trading session)
The R Trader account marks RoboForex's attempt to distinguish between forex and stock trading conditions。The platform used in this particular account appears to be an internal product of RoboForex, designed for online trading of stocks.。
Despite being an offshore regulatory entity, RoboForex is an outstanding broker。RoboForex not only successfully offers a variety of trading techniques, but also focuses on stock trading for more conservative traders.。However, it is also important to note that RoboForex is one of the few brokers that boldly offers extremely high leverage ratios of 1: 2000.。
4. Pepperstone
Pepperstone is a well-known broker, founded in 2010。With Pepperstone, you can benefit from in-depth market commentary as well as useful analysis to help you better prepare your trading strategy。In addition to Pepperstone's research tools, you can also enjoy fast execution and zero spread in this broker。Minimum deposit of $200, spread from 0。In general, Pepperstone provides a variety of useful features that you can use at an affordable price, so it is considered suitable for news trading。Pepperstone also allows traders to trade on TradingView。
- Execution speed: Australia about 30ms
Friendly to News Traders: Yes
Spread: from 0 o'clock
Trading platform:MT4、MT5、cTrader
Additional features: economic calendar, market analysis
Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。
Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。
They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。
Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:
Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions
With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。
As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。
Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。
When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。
Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。
Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。
Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。
As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。
If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。
Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。
5. ThinkMarkets
ThinkMarkets is a multi-asset broker founded in 2010.。The broker offers over 1,200 tradable assets including Forex and CFDs。ThinkMarkets is regulated by several top regulators such as ASIC, FCA。One of the advantages of using ThinkMarkets is that there are no minimum deposit requirements for opening a trading account.。
- Execution speed: within a few milliseconds
Friendly to News Traders: Yes
Spread: 0.0 point
Trading platform:MT4、MT5、ThinkTrader
Additional features: economic calendar, market news
As a multi-asset online brokerage, ThinkMarkets offers a wide range of trading assets from Forex to Precious Metals, Commodities, Indices, Stocks and Cryptocurrencies。The Australian-based broker was founded in 2010 and has since opened more headquarters in London and regional offices in Asia Pacific, the Middle East, North Africa, Europe and South America.。
Along with its historical operations, ThinkMarkets has received numerous awards and recognition in various aspects.。They recently won the Best Value Broker Award in Asia at the 2020 Global Forex Awards。
Standard account average forex spread for traders who open an account with ThinkMarkets from 1.From 2, while ThinkZero offers 0.Best trading experience at 1 point spread。However, traders may want to take into account that ThinkZero charges 3 per side for every 1,000,000 trades..$5 commission。
As a global online brokerage firm, ThinkMarkets operates under the supervision of multiple financial regulators, for example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and licensed by the Australian Financial Services Authority and the Australian Securities and Investments Commission (ASIC), ABN: 69158361561。ThinkMarkets UK is registered with the Financial Conduct Authority (FCA) under the name TF Global Markets (UK) Limited (No.09042646)。
ThinkMarkets is always committed to improving its trading environment through a variety of advanced products.。Auto trading enthusiasts can use free VPS hosting, while enthusiastic traders who want to experience outside the MetaQuote platform can try ThinkMarkets' proprietary platform ThinkTrader。
The trading platform offers 3 different interfaces designed for web desktop, tablet and mobile display。In addition, custom tools such as more than 80 drawing tools and more than 125 technical analysis indicators can even be accessed via mobile screens, which will undoubtedly provide a new mobile trading experience.。
In terms of market updates, the ThinkMarkets deal will be accompanied by news from FX Wire Pro, which is known for its strict policy of adhering to objective news reporting and providing critical, credible information in real time.。Information areas covered by FX Wire Pro include economic commentary, technical-level reports, currencies and commodities, central bank bulletins, energy and metals, and event-driven bulletins。
For payment methods, ThinkMarkets provides gateways through bank transfers, credit cards (Visa and MasterCard), Skrill, Neteller, POLi online banking, BPay, and Bitcoin wallets。
All in all, for a company that has been in business since 2010, ThinkMarkets has been quite successful in terms of legal status and trading technology innovation.。As an additional guarantee of safety for traders, the broker highlighted its commitment to a $1 million insurance protection plan, which is achieved through ThinkMarkets and Lloyd's of London insurance policies, in the unlikely event of bankruptcy Provide up to $1 million in protection for customers' funds。
How to choose the most suitable news trading broker
You need the best broker that has all the necessary features, supports the use of news trading strategies and minimizes risk。Trading with a good broker can really change the rules of forex news trading。Here are the factors you should consider:
Speed
Speed is perhaps the most important aspect of news trading。Since high volatility leads to faster price movements, even a small part of the execution process can be very important, so it is best to prioritize order execution speed when choosing a broker。
Failure to execute orders well may result in technical issues such as:
- The trading platform suddenly freezes, so you cannot open or close any orders。
The broker unexpectedly rejects your request and the new order cannot be executed at the price you want。Instead, you will be re-quoted。
Order executed, but with slippage or execution at an unfavorable price position。
The stop loss didn't work as planned or even missed the target at all。As a result, your trades will be more vulnerable to losses。
Broker Policy
First, see if the broker allows news trading。While most brokers allow this, some brokers may restrict, restrict or even prohibit clients from making such trades。Therefore, be sure to check the broker's policy on news trading。
Note whether brokers impose certain rules or change certain trading conditions when the market fluctuates during major news events。For example, some forex brokers change their margin requirements when they release breaking news, and these terms will definitely get your attention because they will affect your trading。
Trading platform
Trading platforms may be the easiest way to judge broker quality。In addition to the type provided, you should also consider the performance of the platform。In this case, it is better to choose a trading platform equipped with real-time updates in terms of price sources and chart movements。Since quick response is very important in news trading, quick chart updates and price changes are also important。
Point difference
As a news trader, you will want a forex broker that can offer low spreads under any conditions。Although spreads are likely to increase when the market is volatile, not all brokers will widen the spread。Choose a broker with a reasonable spread, even in volatile market conditions。You can observe several brokers and compare to find out which one has the best news trading spread conditions。
Other characteristics
In order to further improve your trading, you need to use some additional features, such as one-click trading. This tool basically allows you to execute orders with one click, so you can open positions faster and easier without having to fiddle with the platform order window. Lots of parameters。Other useful features can also come in the form of news feeds, integrated with broker-specific platforms or news sections to help traders keep up with real-time market updates。
Conclusion
News trading is often ideal for volatile forex markets and while it offers great opportunities to generate huge profits during major events, you should not forget that news trading also has its own unique challenges。In fact, trading with such volatility is actually very risky, so be sure to understand the rationale of the method before using it。
On top of that, your broker choice is very important to your trading and choosing the wrong broker may hinder you from profiting in news trading。You need to choose the best broker that supports news trading and provides useful features such as instant execution and low spreads。
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