Best Forex Broker to Trade News

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At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

In this article, we have included some of the
best forex brokers for trading news.

Included in the article are ECN brokers, whose liquidity makes it easy to trade assets even in times of high volatility.

We have taken the following factors into consideration when choosing brokers:

  • The availability of an
    economic calendar.
  • The availability of a
    news section.
  • Low
    spreads
  • Good
    liquidity
    of the markets
Table of Content

Round-up

  1. AvaTrade: best forex broker for news trading overall
  2. IC Markets: best ecn broker for news trading
  3. Pepperstone: best for low spread news trading
  4. XTB: best news trading platform
  5. Admirals: widest range of assets
  6. eToro: best for social trading
  7. FxPro: most flexible forex broker
  8. XM: lowest minimum deposit broker
  9. HotForex: news trading broker for beginners
  10. Roboforex: best broker for algo trading

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.


Between 74-89% of retail investor accounts lose money when trading CFDs.


You should consider whether you can afford to take the high risk of losing your money

Top 10 Forex Brokers for Trading News: 2022 Review

1. AvaTrade

  • AvaTrade is a great broker for news trading because of its
    fixed spreads.
  • AvaTrade’s fixed spreads allow for
    fixed costs
    even during times of higher volatility.
  • At AvaTrade, fixed forex spreads start at
    0.9 pips (0.6 pips for professionals)
    .
  • With AvaTrade you can trade forex on
    MT4
    with a
    minimum deposit

    of $100.

Visit Avatrade

(79% of retail CFD accounts lose money)

2. IC Markets

  • IC Markets is an ECN forex broker for
    news trading.
  • IC Markets offers numerous services for news trading, including a
    detailed economic calendar
    and a
    top-rated news blog
    for further market analysis.
  • In order to open an account with IC Markets, a
    minimum deposit of $100
    is required.
  • Forex
    spreads
    on IC Markets start
    from 0 pips.

Visit IC Markets

(74-89% of retail CFD accounts lose money)

3. Pepperstone

  • Pepperstone is an ECN broker that allows
    news trading on MT4, MT5, or cTrader.
  • Pepperstone offers is its
    informative videos
    where they discuss the trading strategies used by
    market experts, such as Kathy Lien.
  • Pepperstone’s trading accounts are available with a
    minimum deposit of $200.
  • Pepperstone
    spreads
    start at
    0 pips
    with an average of 0.09 pips on the EUR/USD pair.

Visit Pepperstone

(75.9% of retail CFD accounts lose money)

4. XTB

  • XTB is good for news traders who want to
    trade forex on the go.
  • XTB offers a
    great mobile app comprehensive with press releases and a news feed.
  • On XTB, traders can trade
    over 40 forex pairs
    with
    spreads from 0 pips
    , and a total of
    5,200 financial instruments.
  • XTB
    doesn’t require a minimum deposit
    to open a trading account.
Read:  How Can I Learn Forex Trading for Free

Visit XTB

79% of retail CFD accounts lose money

5. Admiral Markets

  • Admirals has an
    excellent trading blog and news trading section.
  • Every year Admirals does an
    overall market review, highlighting key areas traders should watch as the year progresses.
  • Admirals’
    spreads start from 0 pips on forex, and they make available
    over 4,000 assets
    to their traders.
  • Admirals require a
    minimum deposit of $100.

Visit Admirals

76% of retail CFD accounts lose money

6. eToro

  • eToro is a good broker for trading news because of
    social trading
    .
  • With eToro’s social trading, it is possible to interact with
    other traders to exchange views on the market.
  • eToro’s trading platform also includes a
    news section for each asset, where news is posted.
  • eToro offers
    1 pip forex trading.
  • eToro allows trading of
    over 1,000 financial instruments
    in total.

Visit eToro

(68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money)

7. FxPro

  • FxPro is also a great choice for
    trading news offering in-depth analysis

    throughout most of the week.
  • FxPro requires a
    $100 minimum deposit
    to open an account.
  • On FxPro forex
    spreads start from 0 pips.

Visit FxPro

72.87% of retail CFD accounts lose money

8. XM

  • XM’s
    economic calendar

    is very detailed and is one of the best for news traders.
  • $5 is required to open a real account
    on XM.
  • The trading costs and
    spreads
    on XM
    start from 0 pips.

Visit XM

73.57% of retail CFD accounts lose money

9. HotForex

  • HotForex is the best option
    for news traders who just want small bites of information
    and are not too interested in the in-depth overall analysis.
  • HotForex is excellent at
    releasing this information quickly and efficiently, often only minutes apart from one another.
  • HotForex provides fast,
    effective order execution
    and a
    broad range of account types
    with a
    minimum deposit of $100.

Visit HotForex

(71.61% of retail CFD accounts lose money)

10. Roboforex

  • RoboForex offers a
    forex analysis & forecasts section with economic analyses

    published throughout the day.
  • RoboForex is popular for its low
    spreads from 0 pips
    and a low
    minimum deposit of just $10.
  • RoboForex also has
    great value rebates worldwide.

Visit Roboforex

(74-89% of retail CFD accounts lose money)

Is Trading News Risky?

Deciding if trading the news is risky, is something that only you can decide, though it is something that everyone looks out for, and a very popular time to trade markets regardless of if the news is good or bad.
When news is released, one thing that is certain is the markets will be volatile and move in either direction during the news.

Read:  Best Forex Trading Strategies That Work

If you can interpret the news and direction of the market, then you could be left in a very good position. Just be careful because a misinterpretation could be costly, and be mindful that
due to the volatility, spreads may be higher, and the possibility of slippage does exist.

Important Forex Broker News Trading Characteristics

  • Guaranteed execution of pending orders: A pending order when you ask the broker to open your position only at a certain time and/or conditions. During moments of high volatility, the broker’s servers may not be efficient enough to process your order. So it’s important that the broker’s servers are fast enough.
  • Low spreads:
    During these moments of high volatility, spreads may be wider than normal. This means that you will pay more money to open a position regarding an asset that is suffering or benefiting from news.
  • No requotes:
    A requote happens when the price you asked for is not available, so the broker opens a position with the closest available price you have asked for. Forex brokers with a good pool of liquidity providers can usually avoid this issue.

How to Trade News in the Stock Market

With stocks there are 4 type of news you should look for:

  • Earnings reports: earning reports are published periodically. When the company meets their earning expectation for the quarter (or does even better than expected), stock prices usually raise and vice-versa
  • Economic News: when a company acquires a competitor, or when it invests money into something. A company investing is, usually, a good sign.
  • Non-Economic News: something regarding the company that may scare the investors, for example the Cambridge-Analytica Scandal that involved Facebook. This type of news is one the most traded, because it doesn’t hit the “value” of a company, but hits the emotional side of the investors.
  • Geopolitical News: not related specifically to a company. When news is negative, the markets may suffer. For example a middle east crisis, tensions among two or more countries, pandemics, etc.

Pros and Cons in Trading News

Of course, like everything else in the sector and forex trading world,
there are good and bad points to come if you decide to trade the news.

Pros

  • Trading the news can bring around great opportunities to enter the market just before a major move.
  • Trading the news is something that can reward your study and knowledge if you follow the news on the industry. You can be prepared to make your move.

Cons

  • Trading during these times is to trade during periods of high volatility. That in itself brings around an increased risk for you.
  • During these times, the markets will tend to be more volatile, and with that, spreads can go higher than usual.
Read:  When Is the Right Time to Trade Forex

About The Author

Filippo Ucchino

Co-Founder – CEO – Broker Expert

Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.

Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.

With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

filippo ucchino

Best Forex Brokers for Trading News in 2022

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.

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