7 Best Forex brokers using TradingView
Stock, forex, crypto currency, index, futures and bond CFD traders may all use TradingView to do their research and keep track of the markets they’re interested in. New feeds, social networking capabilities, as well as the ability to build basic and complicated charts are all included.
TradingView is offered through several brokers as part of their additional analytics offering, giving clients broad-based access to this useful tool.
In this article, we explore the 7 best Forex brokers that offer TradingView along with excellent trading conditions.
IFX Brokers
Overview
Online trading broker IFX Broker combines traditional values with cutting-edge technology. The MetaTrader 4 and MetaTrader 5 platforms provided by the broker enable private and institutional clients to trade and invest in more than 200 instruments across six asset classes.
Customers of IFX Brokers benefit from cutting-edge trading platforms, unmatched top-tier liquidity, and tight spreads, all of which are made available through an ongoing investment in new technology at the brokerage’s own expense.
Individual and corporate accounts are available, and traders can choose an account that best suits their strategy and risk tolerance.
IFX Brokers provides the best market spreads and True ECN connectivity. As many as 50 banks and dark pools price into the broker’s ECN, guaranteeing that the spreads and liquidity stay tight and deep throughout the trading session.
Pros and Cons
| PROS |
| High leverage available |
MetaTrader 4 is supported. |
Resources for learning are available |
| CONS |
| Lax regulation that are offered |
FP Markets
Features
Established in 2005, FP Markets is an online broker that is based in Australia, with strict regulation through ASIC, the Cyprus Securities and Exchange Commission (CySEC), and SVG FSA.
FP Markets is a reputable ECN, STP, and DMA trading broker that offers the perfect trading solutions to beginner traders by providing demo accounts, flexible forex trading platforms, an introduction to trading plans and trading strategies, transparent price movements on different markets, and a choice between different types of accounts.
In addition to catering for newbie traders, FP Markets also caters extensively for active traders by offering competitive trading costs, a range of complex instruments, and a competitive minimum deposit.
Pros and Cons
PROS |
A wide range of tradable instruments offered |
ECN Pricing model used |
Inactivity fees are not charged |
Commission-free trading offered |
Social trading opportunities are offered |
Fast and reliable trade execution guaranteed |
| CONS |
Fixed spreads are not offered |
Features
FEATURE | INFORMATION |
Regulation | FSA |
Minimum deposit from | ZAR100 |
Average spread from | 0,5 pips |
Commissions from | NA |
Deposit/Withdrawal Fees | NA |
Maximum Leverage | 1:500 |
Bonuses | NA |
Customer Support | 24/5 |
Pepperstone
Overview
Pepperstone is part of the Pepperstone Group Limited, an Australian-based corporation active since 2010. The broker has spread to every part of the globe.
As an FCA and ASIC-licensed Forex broker offering more than 60 currency pairs and three distinct asset classes, Pepperstone has established itself as a leader in the industry. Pepperstone provides its customers with the most comprehensive online FX trading experience.
Forex brokers throughout the world are unable to compete with the broker’s lightning-fast execution systems, different account kinds, competitive pricing, and multiple platforms (MT4, MT5, and cTrader).
Since its inception, Pepperstone has been focused on providing institutional and experienced traders with access to low-cost interbank execution and spread pricing.
As a result, the firm became an execution-only broker that serves both retail and institutional clients through low-cost pricing provided by several direct liquidity sources without a dealing desk.
Pros and Cons
| PROS |
|
No minimum deposit |
|
Low trading fees for forex |
|
No added costs for withdrawals or deposits |
| CONS |
Limited number of instruments |
No additional research tools |
Features
FEATURE | INFORMATION |
Regulation | FCA, ASIC |
Minimum deposit from | AUD200 |
Average spread from | 0.4 pips |
Commissions from | $3.76 commission per lot per trade |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |
Markets.com
Overview
Markets.com has been in business since 2008 and aims to give traders with the finest trading conditions and VIP service. Markets.com does not charge trading commissions as a cost of doing business.
One can start with 0.5 pips on currency pairings, which is one of the lowest trading costs in this business.
Markets.com provides traders with access to six financial markets and 2,200 distinct financial instruments.
More than 50 currency pairings are available for Forex trading, however only 11 stock indexes are available. You can trade about 2,000 different Stock CFDs as well as six other cryptocurrencies. For commodities, there are more than 15 distinct alternatives and about 40 different ETFs available.
Pros and Cons
PROS |
Commission-free trading |
Low minimum deposit |
Tight, fixed spreads |
Wide range of tradable assets |
|
| CONS |
Customer support can be slow |
The best trading conditions are only available on the Pro Account |
Features
FEATURE | INFORMATION |
Regulation | CySEC, FCA, ASIC, FSC, FSCA |
Minimum deposit from | $100 |
Average spread from | 1.9 pips |
Commissions from | 1% |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:300 |
Bonuses | $25 No Deposit Bonus |
Customer Support | 24/5 |
FXCM
Overview
When it comes to expert traders and strategy developers, FXCM has a wide range of trading platforms and tools to offer.
This broker, a pioneer in retail forex trading with more than two decades of experience, also offers a comprehensive library of research and educational materials.
FXCM may be a good broker for new traders because of its extensive teaching and research capabilities.
For advanced and professional traders who need the ability to backtest and automate their trading techniques, FXCM is also good fit. The regular account has average spreads, whereas the Active Trader account has more competitive spreads.
Trading instruments offered by FXCM include forex and CFDs on a wide range of financial instruments.
Pros and Cons
PROS |
Excellent educational resources for beginner traders |
Low minimum deposit requirement |
Advanced research tools |
Excellent customer support |
|
| CONS |
No Web Trader option available for trading platforms |
Rudimentary mobile trading platform |
Limited product portfolio |
Features
FEATURE | INFORMATION |
Regulation | FCA, ASIC, ACPR, FSP |
Minimum deposit from | $50 |
Average spread from | 1.3 pips |
Commissions from | £4 per standard round-turn lot (£2 per side) |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:400 |
Bonuses | $20 Welcome Bonus |
Customer Support | 24/5 |
GO Markets
Overview
An online CFD trading service provider, GO Markets was founded in Australia in 2006.
Spread-based and commission-based trading accounts are available at GO Markets, and the company presently offers more than 600 different CFD instruments for traders to choose from, such as currency pairs, indices, commodities, and cryptocurrencies.
To go along with its MT4 offering, the company has since expanded into MT5, mobile trading, and a web-based platform.
There are two major account kinds offered by GO Markets, each of which has its own unique trading conditions and serves the objective of giving traders a dynamic trading experience and environment, as well as the best price structure.
For new traders, GO Markets is a viable alternative, as it has grown steadily to become one of Australia’s most popular brokers.
Pros and Cons
PROS |
Low trading fees |
Ultra-fast execution |
Advanced analytical tools |
Low minimum deposit |
|
CONS |
Limited account options |
|
Features
FEATURE | INFORMATION |
Regulation | ASIC |
Minimum deposit from | $1 |
Average spread from | 1.5 pips |
Commissions from | None |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | 30% Deposit Bonus |
Customer Support | 24/5 |
easyMarkets
Overview
Forex and CFDs are among the more than 200 financial instruments that may be traded on easyMarkets’ platform. The company also offers commodities, metals, agricultural products, shares and cryptocurrencies in addition to vanilla options and forward Forex contracts.
Traders are drawn to easyMarkets’ own web-based platform, which is kept clean, simple, and accessible instantly after signing up for an account.
Beginners would appreciate easyMarkets’ web platform as well. Beginners and advanced investors can both use easyMarkets, but because of the limited amount of financial instruments available, more experienced traders may select a different broker with a more comprehensive offering.
It is safe to say that easyMarkets has a great deal of market knowledge and a long track record of success. The numerous accolades they’ve received attest to the high level of service they provide. Traders are drawn to easyMarkets because of its unique features and user-friendly web platform.
Pros and Cons
| PROS |
Highly simulated demo environment |
Responsive and professional customer support |
|
| CONS |
Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform |
Features
FEATURE | INFORMATION |
Regulation | CySEC |
Minimum deposit from | $100 |
Average spread from | 0.9 pips |
Commissions from | None |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:400 |
Bonuses | $25 Sign Up Bonus |
Customer Support | 24/5 |
Oanda
Overview
Oanda is a well-known currency trading platform, currency data, and analytics firm. The company was formed in 1996 by Dr Michael Stumm and today operates in more than 196 countries throughout the world.
It is governed by eight top-tier authorities including those from the United States, the UK, Australia, Canada and Japan.
Customers may trade currencies, commodities, equities indexes, and precious metals with Oanda’s award-winning technology and execution.
For experienced traders, the Oanda platform and mobile app enable for the creation of complicated trading strategies and provides access to the most up-to-date market information.
A remarkable number of government organizations regulate the corporation, and it has top-notch research resources.
In terms of research tools and insights, this company has some of the best in the business, however the material might be a little disorganized.
Oanda’s analysis tools allow traders to construct sophisticated trading strategies involving a variety of coding languages, market data visualization, and chart analysis of the market’s reaction to economic news.
There is a $14 inactivity fee and a modest forex fee at Oanda. There are no fees for depositing money, but it is recommended that you use PayPal or a debit/credit card when withdrawing money because bank withdrawal fees are quite expensive.
Pros and Cons
PROS |
User-friendly trading platform |
Low minimum deposit |
Low trading fees |
|
| CONS |
Lack of decent customer service |
High withdrawal fees |
Limited instruments for forex and CFDs |
Features
FEATURE | INFORMATION |
Regulation | FCA, RFED |
Minimum deposit from | None |
Average spread from | 1.6 pips |
Commissions from | $0.01 USD per trade |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:100 |
Bonuses | None |
Customer Support | 24/5 |