HomeTrading ConditionsBest Forex Brokers For News Trading 2021

Best Forex Brokers For News Trading 2021

Forex market experiences increased volatility during news time, which creates an opportunity to capture the move and earn/lose pips in a matter of minutes or even seconds.

List of Forex Brokers For News Trading

1
Min. Deposit
$100
Exclusive promotion
Our score
10
Leverage
30:1
New accounts
Spreads
0.7
PIPs
Regulations
NFA, CFTC, FCA
Forex Pairs
No Fee
Start Trading
Pros:
Open an account in less than 5 minitues with the global Market leader since 2001
Trade on one of the world's most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.com
We’ve spent over a decade investing in technology and building a deep network of liquidity partners, so we can consistently quote tight spreads in most market conditions.
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Full regulations list:
NFA, CFTC, FCA, FSA, IIROC, CIMA, FFA Japan, MAS, SFC of Hong Kong
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2
Min. Deposit
$10
Exclusive promotion
Our score
9.3
Leverage
500:1
New accounts
Spreads
0.8
PIPs
Regulations
Forex Pairs
55+
No Fee
Start Trading
Pros:
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$200
Exclusive promotion
Our score
8.7
Leverage
500:1
New accounts
Spreads
0.5
PIPs
Regulations
FSPR, FMA New Zealand
Forex Pairs
27+
No Fee
Start Trading
Pros:
BlackBull Markets’ unique feature lies in its stated goal of delivering an “institutional” trading experience to retail clients
No-Dealing Desk Broker (NDD), with Straight Through Processing (STP) all done on a true ECN
State of the art Equinix servers, based in New York (NY4), London (LD5) and Tokyo (TY3)
Payment Methods
Mastercard, Visa, Bank Transfer, Neteller, Skrill, UnionPay, FasaPay
Full regulations list:
FSPR, FMA New Zealand
4
Min. Deposit
$10
Exclusive promotion
Our score
8.5
Leverage
500:1
New accounts
Spreads
0.7
PIPs
Regulations
Forex Pairs
55+
No Fee
Start Trading
Pros:
0% Commission Account
Low Spreads
Eco-Account Option
Payment Methods
Bitcoin, Credit Card, Debit Card
Full regulations list:
Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.
5
Min. Deposit
$200
Exclusive promotion
Our score
7.9
Leverage
30:1
New accounts
Spreads
1
PIPs
Regulations
CySEC, FCA
Forex Pairs
No Fee
Start Trading
Pros:
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Payment Methods
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

 

There are several important factors that news traders look for in broker services:

  • fast trading platform, fast feeds and chart updates
  • fast order execution, minimum re-quotes
  • instant guaranteed execution of pending orders
  • instant guaranteed execution of stops
  • reasonably low spreads
  • no significant spreads widening during news spikes
  • one-click-trading as an additional bonus.

There are several common problems many traders face when trading during the news with regular brokers:

  • The trading platform freezes, no new orders are taken, no orders can be closed.
  • Requests for new trading orders are declined, instead, traders get re-quoted multiple times.
  • Existing pending orders are not filled in time, not filled at all, or filled later at a very unattractive price, which results in a loss.
  • Existing stops are not honoured to the point of being completely ignored or filled later at a much worse price, resulting in a larger than expected loss.
  • The very moment before news releases there is an opportunity for a broker to manipulate prices at their own discretion, for example, by creating a false spike to trigger nearby trading orders, so that when the real reaction to news comes in, it’ll cause the market move into the opposite direction, dragging in the losing trades, caught on the first artificial spike… Since the market experiences increased volatility during news time, the price manipulation from a broker is expected to be hidden/covered by overall price volatility.

Some large Forex brokers practise sending emails to their customers before the very important news releases (for example, Non-farm Payroll Report) advising about upcoming news hours and the fact that there will be no guaranteed order execution during the news release.
But most brokers don’t send such emails, therefore traders should educate themselves about the specifics of News Trading in Forex, and learn about how their broker operates during news hours.

Forex Brokers for News Trading – Quote List

The list is based on the statements given by Forex brokers on their websites:

FXOpen UK
Account comparison table: “News trading: Yes”

Core Liquidity Markets
“Our deep liquidity maintains prices tight during news events.”

EXNESS

Sent by a trader:
“Dear client,
Thank you for contacting Exness support!
Please be informed that we do not have any limitation on the client’s trading during news released time.
We also do not implement any restriction on client’s trading strategies.
Should you have any question or would like to know any additional information, please do not hesitate to contact us.
Have a nice day!”

FastBrokersFX
“Q. Do you allow all trading styles including scalping, news trading and high frequency?
A. We don’t impose any trading restriction and actually we welcome any trading style. We offer multiple trading Feeds to satisfy the needs of some of the most sophisticated traders. However, among other factors, please keep in mind that volatility and news events may cause spreads to widen suddenly which may increase the chances of slippage and/or getting filled at a price worse than desired.”

FXCM
“NDD accounts: Yes. Trade news events with no restrictions. Dealing desk accounts: Yes. News trading is allowed, but FXCM reserves the right to manage its risk by changing its execution type. ”

C.I.M. Banque
“Trade during breaking news”. (Through FXCM).

IamFX
“Q. Can I Trade During Economic or Geo-Political News releases?
A. IamFX does allow trading during the news. However, we wish to warn clients of the dangers associated with such, namely: During major Geo-Political News releases markets may become extremely volatile. Due to potential price gaps, IamFX cannot guarantee fills during news releases. Orders may be filled at the next available price and will not always be filled at the requested price or stop. News releases may also cause wider spreads than are typically seen during normal trading hours. We advise traders to use discretion when trading during the news. Please be advised that due to the volatility of price fluctuations during the news, it is possible to see a delay in execution due to the additional verification necessary for each trade. ”

Gallant Capital Markets
“Q. Can I trade during Economic and Geo-Political news releases?
A. Gallant does allow trading during the news events. However, we wish to warn clients of the dangers associated with such. Namely, during major Geo-Political news releases, markets may become extremely volatile. Due to potential price gaps, Gallant cannot guarantee fills during news releases. Orders may be filled at the next available price and will not always be filled at the requested price or stop. News releases may also cause wider spreads than are typically seen during normal trading hours. We advise traders to use discretion when trading during the news. Please be advised that due to the volatility of price fluctuations during the news, it is possible to see a delay in execution due to the additional verification necessary for each trade. ”

Justforex
“Yes, for all accounts”

OctaFX

Sent by a trader:
“Dear Customer,
Thank you for contacting OctaFX!
1) News trading is absolutely allowed in OctaFX;
2) There are some restrictions regarding Stop levels in MetaTrader 4 platform, they depend on the currency pair you trade. For instance, if you trade EURUSD, the price you set must differ from the market one by at least 2 pips (20 points). The values can be checked in our MT4 platform, please click View/Symbols, then select the currency pair and choose Properties. As for the cTrader platform, there are no such restrictions.”

WH SelfInvest
“Our spreads are:
– Tight (EUR-USD 1 pip, GBP-USD 2 pips, …)
– Don’t vary, even when there is news”

XM
“Q. Do you allow news trading?
A. Yes, we do. “