The best Forex brokers for trading on the news releases (or news trading), according to our research, are:
- AvaTrade
- Pepperstone
- IC Markets
- XTB
- Admirals
- eToro
- FxPro
- XM
- HFM
- Roboforex
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
Review
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.
AvaTrade
best forex broker for news trading overall
AvaTrade excels in news trading with fixed spreads, allowing consistent costs during volatility, and offers forex trading on MT4 with a minimum deposit of $100, starting from spreads as low as 0.9 pips.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About AvaTrade
AvaTrade is a global forex and CFD broker founded in 2006 and headquartered in Dublin, Ireland. AvaTrade offers trading on currencies, commodities, indices, stocks, bonds, ETFs, and cryptocurrencies. AvaTrade provides proprietary platforms alongside MetaTrader 4 and 5. AvaTrade is regulated by multiple authorities including CySEC, ASIC, and FSA. AvaTrade serves over 300,000 clients worldwide. AvaTrade is known for competitive spreads and extensive educational resources. The AvaTrade CEO is David Dryzin since 2016.
AvaTrade Features
The features of AvaTrade are listed below.
- 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.
AvaTrade Pros and Cons
Advantages of AvaTrade
The advantages of AvaTrade are listed below.
- Tight fixed spreads from 0.6 pips (0.9 pips for retail traders)
- The mobile apps are well designed
- Can be connected to ZuluTrade and Duplitrade
Disadvantages of AvaTrade
The disadvantages of AvaTrade are listed below.
- High inactivity fees
- The demo account is limited to 30 days
Pepperstone
best for low spread news trading
Pepperstone enables news trading on MT4, MT5, or cTrader as an ECN broker and provides strategic trading videos and accounts with minimum deposit options and spreads averaging 0.09 pips on the EUR/USD pair.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- 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.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,09 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
IC Markets
best ecn broker for news trading
IC Markets offers comprehensive tools for news trading, including an economic calendar and news blog, starting forex spreads from 0 pips, with a $100 minimum deposit for account opening.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About IC Markets
IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.
IC Markets Features
The features of IC Markets are listed below.
- 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.
IC Markets Pros and Cons
Advantages of IC Markets
The advantages of IC Markets are listed below.
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
Disadvantages of IC Markets
The disadvantages of IC Markets are listed below.
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
XTB
best news trading platform
XTB supports mobile news trading with a well-equipped app, providing access to over 40 forex pairs with spreads from 0 pips, without requiring a minimum deposit to start trading.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About XTB
XTB is a global forex and CFD broker founded in 2002 and headquartered in Poland. XTB offers trading on over 2,000 instruments including currencies, stocks, indices, commodities, and cryptocurrencies. XTB provides the proprietary xStation platform and is regulated by multiple authorities including FCA, CySEC, and KNF. XTB is listed on the Warsaw Stock Exchange and serves over 897,500 clients worldwide. The XTB CEO is Omar Arnaout since March 2017.
XTB Features
The features of XTB are listed below.
- 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.
XTB Pros and Cons
Advantages of XTB
The advantages of XTB are listed below.
- No minimum deposit
- Wide selection of assets
- Competitive trading costs
Disadvantages of XTB
The disadvantages of XTB are listed below.
- Small withdrawal fee
- No social or copy trading
- XTB demo account is limited to 30 days
Admirals
widest range of assets
Admirals provides extensive news trading resources with detailed market reviews and spreads starting from 0 pips, requiring a $100 minimum deposit while offering access to over 4,000 assets.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Admirals
Admirals, formerly Admiral Markets, is a global forex and CFD broker founded in 2001. Admirals offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader platforms. Admirals is regulated by multiple authorities including CySEC and FCA. Admirals is known for competitive spreads and extensive educational resources. Admirals recently halted onboarding of new EU clients to comply with regulatory standards. The co-founder of Admirals and CEO of Admirals Group is Alexander Tsikhilov.
Admirals Features
The features of Admirals are listed below.
- 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.
Admirals Pros and Cons
Advantages of Admirals
The advantages of Admirals are listed below.
- Extensive Forex Options
- Strong Regulatory Framework
- Advanced Educational Resources
Disadvantages of Admirals
The disadvantages of Admirals are listed below.
- Charges Inactivity Fee
- Mobile App Limitations
- Higher Average Spreads for Some Assets
eToro
best for social trading
eToro incorporates social features into news trading, allowing interaction with other traders and including news sections for each asset, trading forex with 1 pip spreads over 1,000 financial instruments.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About eToro
eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.
eToro Features
The features of eToro are listed below.
- 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.
eToro Pros and Cons
Advantages of eToro
The advantages of eToro are listed below.
- Great copy trading and social trading features
- Wide range of asset classes
- It allows to buy fractional stocks from $10
Disadvantages of eToro
The disadvantages of eToro are listed below.
- The eToro spreads can be high
- Offers only USD accounts
- Transferring cryptocurrencies to other platforms can be hard
FxPro
most flexible forex broker
FxPro facilitates news trading with comprehensive market analysis, offering forex spreads from 0 pips and requiring a $100 minimum deposit, using diverse trading platforms for optimal flexibility.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About FxPro
FxPro is a global online broker founded in 2006, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. FxPro provides multiple trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Platform. FxPro is regulated by multiple authorities including FCA, CySEC, SCB, FSC and KNN. FxPro serves clients in over 170 countries and has won numerous industry awards. The FxPro CEO is Charalambos Psimolophitis.
FxPro Features
The features of FxPro are listed below.
- 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.
FxPro Pros and Cons
Advantages of FxPro
The advantages of FxPro are listed below.
- Regulated and Trusted Forex broker
- Diverse Trading Platforms
- Wide Range of Instruments
Disadvantages of FxPro
The disadvantages of FxPro are listed below.
- Inactivity Fee
- Limited Educational Resources
- No Guaranteed Stop-Loss Orders
XM
lowest minimum deposit broker
XM provides an extensively detailed economic calendar, supports news traders with forex spreads starting from 0 pips, and requires only $5 to open a real trading account.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About XM
XM is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. XM provides MetaTrader 4, MetaTrader 5, and proprietary platforms. XM is regulated by multiple authorities including CySEC, ASIC, and IFSC. XM is known for competitive spreads, extensive educational resources, and multilingual customer support. XM serves over 5 million clients from 196 countries. XM offers various account types and a no-requote policy.
XM Features
The features of XM are listed below.
- 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.
XM Pros and Cons
Advantages of XM
The advantages of XM are listed below.
- There’s a wide range of account types
- The demo account at XM is unlimited
- Wide range of educational resources
Disadvantages of XM
The disadvantages of XM are listed below.
- No social trading features available
- The account availability changes depending on the location of the trader
- High minimum deposit to invest in securities ($10000 for the XM Shares account)
HFM
news trading broker for beginners
HFM caters to news traders with swift information release, supporting efficient order execution across various account types, and requires no minimum deposit, ensuring accessibility for beginners.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About HFM
HFM, formerly known as HotForex, is a global multi-asset broker founded in 2010. HFM offers trading on forex, stocks, commodities, indices, and cryptocurrencies through MetaTrader and proprietary platforms. HFM is regulated by multiple authorities including FCA, CySEC, and FSCA. HFM is known for competitive spreads, fast execution, and extensive educational resources. HFM serves over 3.5 million clients worldwide. The HF Markets Group CEO is George Koumantaris.
HFM Features
The features of HFM are listed below.
- HFM 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.
- HFM is excellent at releasing this information quickly and efficiently, often only minutes apart from one another.
- HFM provides fast, effective order execution and a broad range of account types with a minimum deposit of $0.
HFM Pros and Cons
Advantages of HFM
The advantages of HFM are listed below.
- High Leverage Options
- Low Minimum Deposit
- Wide Range of Trading Instruments
Disadvantages of HFM
The disadvantages of HFM are listed below.
- Higher Trading Costs
- Limited Educational Resources
Roboforex
best broker for algo trading
RoboForex maintains an active forex analysis and forecasts section, offering low spreads from 0 pips and a minimal deposit requirement of $10, ensuring cost-effective and informed news trading.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Roboforex
RoboForex is a global forex and CFD broker founded in 2009, offering trading on currencies, stocks, indices, commodities, and cryptocurrencies. RoboForex provides MetaTrader 4, MetaTrader 5, and proprietary platforms. RoboForex is regulated by the Financial Services Commission (FSC) of Belize. RoboForex is known for competitive spreads, extensive educational resources, and multiple account types. RoboForex serves over 4.5 million clients worldwide. The RoboForex CEO is Andrei Dziarnovich.
Roboforex Features
The features of Roboforex are listed below.
- 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.
Roboforex Pros and Cons
Advantages of Roboforex
The advantages of Roboforex are listed below.
- Diverse Trading Platforms
- Wide Range of Instruments
- Low Minimum Deposit
Disadvantages of Roboforex
The disadvantages of Roboforex are listed below.
- Limited Educational Resources
- Higher Spreads on Some Accounts
- Regulatory Concerns
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.
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.