News trading is quite complex in practice, so you need both good analytical skills and a trusted broker to succeed. Here are the best brokers for news trading.

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Trading with a trusted broker is very crucial. Before choosing a broker, there are many aspects to consider such as its regulations, features, customer support, and many more. But apart from that, a smart trader should know that they also need a broker that can keep up with their trading strategy and fulfill their objectives. As different strategy needs different conditions, every trader should have their own priority list based on their trading strategy.

Trading forex using news trading method

This article will talk about the best brokers for news trading. To put it simply, forex news trading is the buying and selling of currencies in the financial market based on the trading opportunities from economic news release. Such news can move the price significantly in a short time. The fast price movements and high volatility is the playground of many traders looking for quick trade opportunities.

To fully take advantage of the momentum, traders need fast execution and flexible trading conditions. This is where the quality of brokerage service comes into play. If your trading orders frequently get requoted during news releases, then it could be a good indication that your broker is not the best for news trading.

 

 

The Main Criteria of a Good Broker for News Trading

Forex news trading is not that easy. There are a few common problems that you might encounter in retail brokers, such as:

  • The trading platform freezes unexpectedly, resulting in being unable to open a new order or close the previous one.
  • Requests to open new positions are rejected, and instead, you get requoted several times.
  • Pending orders that have been prepared beforehand cannot be executed according to plan or executed at a different price, resulting in a bigger than expected loss.
  • Right before any critical news is released, brokers can manipulate the price for their own gain. Since volatility usually rises during this time, this action can go undetected.

Therefore, there are several essential features that you need to pay attention to when choosing a broker for news trading, such as:

  • Reliable trading platform, feeds, and real-time chart.
  • Reasonably low spread that won't jump significantly after the release of important news.
  • Fast order execution with minimum slippages and requotes.
  • Guaranteed execution of pending orders.
  • Guaranteed execution of stop orders.
  • Provides one-click trading or similar features to make trade execution faster and easier.
  • Allows news trading.

 



5 Best Brokers for News Trading

Platform reliability and execution speed are features that are promised by all brokers. Unfortunately, not all of them can actually keep up with that. To get to know the real quality of a broker's platform and execution performance, one needs to trade in said broker's real account for some time. Some may consider traders' testimonials to gather information so they know what kind of quality a broker has for their clients, but that kind of review can also be manipulated.

See also: Exposing Forex Broker Secrets

Nonetheless, based on the flexible trading conditions offered for clients, here are 5 recommended brokers for news trading:

 

1. FXOpen

FXOpen

Rating


Website
fxopen.com
Spread
Variable
Regulation
ASIC, 412871
Min Deposit
$1
Established
2003


Bonus offers

Trading contests



PAMM accounts

Managed accounts

Affiliate program

Islamic accounts available

Payment

Apple Pay
Bitcoin
CashU
Credit/debit cards
DIXIPAY
FasaPay
IntellectMoney
Liqpay
Litecoin
Local bank transfer
Neteller
Payza
QIWI
RBK Money
Skrill
UnionPay
WebMoney
Wire transfer
Yandex.Money

FXOpen started its operation as an online trading provider for retail clients since 2005. The company was founded by a group of traders with a mission to provide services that refer to the interests of traders. FXOpen claimed to be one of the firsts to offer ECN trading via MetaTrader 4 (MT4). With FXOpen's unique proprietary price aggregating technology, their clients can benefit from the industry's most competitive spreads (from 0 pips) and low trading commissions.

In 2006, FXOpen also became the first broker to offer a micro account and a swap-free account. After that, they continue to be the pioneers of several new and high-tech services, including the first Crypto account that can provide trading facilities on 24 Cryptocurrency pairs such as Bitcoin, Litecoin, and Ethereum.

Furthermore, the company provides One Click Trading and Level 2 MT4 plug-ins, enabling traders to place trades with just one click of the mouse. Traders do not need to worry about trading security at FXOpen. They have registered in Nevis, the UK FCA, and ASIC Australia.



A variety of trading accounts are provided such as STP, Micro, ECN, and free unlimited demo accounts. The minimum deposit for each account depends on the account type; USD1 in Micro Account, USD10 in STP and Crypto Accounts, and USD100 in ECN Accounts. As for leverage, FXOpen offers up to 1:3 (for Crypto Accounts), and up to 1:500 (for Micro, STP, and ECN Accounts).

Besides, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems. Both of these services allow anyone to copy the transactions of experienced traders. Thus, traders can replicate the results of professional traders' strategies.

The FXOpen PAMM Service allows copying trades from a Master account to one or more than one Follower account and automates the distribution of profits and losses. The Master operates personal capital through a PAMM account, and his trading strategy is replicated to the Follower's capital. The owner of the Follower account can view and analyze the performance of the PAMM account with the help of advanced analytics. There are 3 PAMM accounts in FXOpen, namely STP, ECN, and Crypto PAMM.

On ECN accounts, traders will get direct price quotes from leading liquidity providers, including Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JP Morgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, and UBS. This is one of the reasons why FXOpen's ECN account has become a trader favorite.

After seeing the various advantages offered by FXOpen, traders can easily register an account, simply by filling out the form in the registration menu on the FXOpen website. Traders will be asked to verify documents in advance if the trader will make a deposit or withdrawal of funds. Based on traders' experience and information since FXOpen was founded, there have not been any major complaints about payments (depositing or withdrawing funds) from clients.

Once registered with the FXOpen broker, traders also have the opportunity to get other benefits. One example is the FXOpen cashback program for the first 90 days from registration as a new client. The minimum cashback is USD5 and the maximum is USD1,000.

Furthermore, free VPS is available for ECN, STP, and Crypto account holders. Traders can use FXOpen VPS without any fees for 1 month if they can maintain equity of USD5,000 at the end of the month or trade with a trading volume of USD10,000,000 per month. The advantages of VPS on FXOpen are excellent accessibility, flexibility, and speed.

Trading on FXOpen is made easier because traders can add insight into trading by entering contests. FXOpen Broker offers weekly and monthly trading contests on demo accounts through the ForexCup.com site. Traders can join competitions that are free of charge to hone their skills. If a trader wants a bigger challenge, there is also a trading contest on a real account.



The company also offers Forex partnership programs to traders, Forex brokers, and website owners who publish information about fiat and crypto-currency trading. There are 3 types of partnership levels, including Forex IB (Forex Agent) that attracts new clients to FXOpen using a referral (affiliate) link, Forex Rebate, and individual partnership conditions.

In Conclusion, FXOpen is a well-rounded forex brokerage for traders with a desire to try various trading instruments, a trading environment in ECN account, low minimum deposits, the best cryptocurrency trading condition, as well as interesting trading features like PAMM and demo contests.

FXOpen was founded in 2003 with offices in the UK, Russia, Australia, and other regions. This broker is authorized and regulated by the Financial Conduct Authority (FCA), one of the top FX regulators in the world. FXOpen offers a range of trading platforms, including MetaTrader 4 and Metatrader 5.

Not only known for its convenient deposit and withdrawal system, but FXOpen is also known for its excellent trading conditions. Specifically, all types of accounts allow news trading except for the Micro account. FXOpen uses floating spread starting from 0 pips on the ECN account, but no further explanation on STP and Crypto accounts. Lastly, this broker added its own OCT plug-in to optimize trading execution.

 

2. FXCM

FXCM

Rating


Spread
Fixed
Regulation
ASIC, 309763
Min Deposit
$1
Established
1999


Interest rate on funds

Free education

Trading by telephone

PAMM accounts

LAMM accounts

Segregated accounts

Managed accounts

Requires sending documents via postal mail

Payment

Credit/debit cards
Neteller
Skrill
Wire transfer

FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).

Trading with FXCM is supported by enhanced execution with the Liquidity providers' stream pricing through the FastMatch Electronic Communication Network.

FXCM works with several global banks, financial institutions, and other market makers as their Liquidity providers including Barclays Bank, Citadel Securities, Citibank, Deutsche Bank, FASTMATCH, XTX Markets Limited, UBS, Morgan Stanley, Commerzbank, and Jefferies Financial Services.

This, in turn, enables FXCM to present its clients with fast trade execution, competitive spreads, low negative slippage, no re-quotes, no stop/limit restrictions, and up to 89% of orders are executed at the requested price or better.

For the trading platform, FXCM is remarkably known for its proprietary product called Trading Station. The latest version of this platform's web display is claimed to be built in Mac Friendly HTML5. It features a range of trading appliances such as integrated news, economic calendar, FXCM's top trading tools, social trading functionalities through FXCM Cloud, customized trading analytics, automated strategies, and advanced charting for better analysis. For flexible traders who prefer trading on-the-go, FXCM has also provided Trading Station in mobile version, both for iOS and Android users.

However, the company's in-house platform is not the only option presented for clients. FXCM also gives the choice to use MetaTrader 4 for clients who are more familiar with MetaQuote's product. Also, ZuluTrade access is enabled for clients with keen interests in copy trading schemes that transcend across brokers.

Instead of classifying account types based on minimum deposits, FXCM chooses to offer trading accounts based on the instruments traded. For FX traders, this broker provides Active Trader and Institutional accounts.

Active Trader is the ultimate account type for retail traders with two-tier pricing. Tier 1 applies a minimum deposit of $25,000 with a $30 commission for 1 million volumes traded, while Tier 2 has no detail on deposit requirement but gives better fee conditions. Spreads in both tiers start from 0.2 pips.

Institutional account, also known as FXCM Pro, is marketed as a wholesale execution and liquidity solution for retail brokers, hedge funds, and emerging market banks. The account presents trading spreads from 0.1 pips and other competitive benefits like API solutions as well as prime brokerage services.

For non-FX traders, FXCM provides a CFD trading account with low spread costs from 0.37 pips (in XAU/USD) and a wide range of class assets from precious metals, soft commodities, and indices.

Last but not least, a collection of in-depth articles is provided to help traders' knowledge and insights on the forex market. Trading tools like FXCM Plus, Market Scanner, Trading Signals, and Technical Levels are also developed to support traders who open accounts in FXCM.

In conclusion, FXCM is an experienced retail broker with a lot of "ammunition" to help traders with its best version of execution, pricing, and tools. It is a well-regulated broker backed with a long history in the financial market, even though it has a dark history in the United States' brokerage industry.

Still, the relatively high standard on minimum deposit ($25,000) puts FXCM as a broker suitable for experienced traders with good money management. It is not recommended for new traders with limited capital.

FXCM has been in existence since 1999 and is currently based in London, UK. This broker can be seen as suitable for news trading, mainly because it has no requote policy, which is indispensable for smooth news trading. FXCM offers two types of executions: Dealing Desk (DD) and No Dealing Desk (NDD). If you want the NDD execution, FXCM provides the Standard account with a minimum deposit requirement of $5000. Meanwhile, DD execution is available on the Mini account with a minimum deposit of $50.

See also: Forex Broker Types: Which One Is Better For You?

The lowest spread they provide is around 1.5 pips in Mini account and at least 0.5 pips plus additional commission for 0.04 USD/1000 unit in Standard account. Unlike other brokers, FXCM doesn't prioritize MetaTrader 4 as their go-to trading platform. Instead, this broker boasts their Trading Station, an in-house trading platform compatible with various tools and indicators. Despite allowing news trading, FXCM reserve the right to use their own risk management procedures by changing their clients' execution type if needed.

 

3. InstaForex

InstaForex

Rating


Spread
Fixed
Regulation
FSA (St. Vincent & the Grenadines), IBC22945
Min Deposit
$1
Established
2007


Interest rate on funds

Bonus offers

Trading contests

PAMM accounts

Affiliate program

Islamic accounts available

Payment

AliPay
Bitcoin
Credit/debit cards
Litecoin
Neteller
Skrill
SOFORT
Tether (USDT)
UnionPay
Wire transfer

InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.

Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.

There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.

Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.

Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.

There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).

Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.

Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.

And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.

Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.

If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.

The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.

The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.

InstaForex can be the right candidate for news trading because they offer a fixed spread around 3-7 pips, so you don't have to worry about uncontrollably high spread when the market is extremely volatile during news releases. InstaForex also offers quite an impressive range of trading platforms such as MetaTrader 4, MetaTrader 5, and their own developed WebTrader. They also have a One-Click-Trading (OCT) feature as a particular plug-in.

However, there are certain features that you need to be aware of regarding news trading in InstaForex. First, profits gained during big news should not exceed 10% of the account balance, and the position has to run for at least 5 minutes before closing. To prevent confusion and mistakes during news trading, InstaForex provides a brief knowledge of this particular strategy in a collection of forex articles and its trading education section which beginners can take advantage of.

 

4. FirewoodFX

FirewoodFX

Rating


Spread
Fixed
Regulation
-
Min Deposit
$10
Established
2014


Bonus offers

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Neteller
Perfect Money
Skrill
Tether (USDT)
UnionPay
Wire transfer

Compared to other big brokers, FirewoodFX is still considered low-profile. But since its first emergence in 2014, this broker has won in many aspects that could improve traders' experience in trading. FirewoodFX supports traders to trade with nearly all strategies, including news trading. It also offers a fixed spread in all accounts, which can be beneficial for news traders because they need to protect their equity when the market is unstable during news releases. Lastly, this broker claims to be requote-free regarding traders' execution and has a super-fast execution in the count of milliseconds.

 

5. XM

XM

Rating


Website
www.xm.com
Spread
Variable
Regulation
ASIC, 443670
Min Deposit
$5
Established
2009


Interest rate on funds

Bonus offers

Free education

Personal manager

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Requires sending documents via postal mail

Payment

CashU
Credit/debit cards
FasaPay
giropay
iDEAL
Moneta.Ru
Neteller
paysafecard
QIWI
Skrill
SOFORT
UnionPay
WebMoney
Western Union
Wire transfer

Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

XM is an online broker that provides a range of trading platforms, including MetaTrader 4, MetaTrader 5, and WebTrader, with over 55 currency pairs to trade. XM is now available globally and is under the regulation of three financial authorities, namely the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission of Belize (IFSC), and the Australian Securities and Investments Commission (ASIC).

XM is often seen as one of the best brokers for news trading because they could guarantee order execution under 1 second, no requotes, and low spread. There are three accounts to choose from: Micro and Standard with floating spread starting from 1 pip, as well as a Zero account with the minimum spread of 0 pip. Not only does XM support news trading, it also offers many catchy promos such as welcome bonuses, trading contests, and first deposit bonuses.

 

Extra Tips to Find a Good Broker

As mentioned previously, it might be hard to detect a genuinely good broker because most of them would offer similar features that'd seem profitable but not exactly guaranteed to perform as promised. But keep in mind that brokers won't mention their weaknesses and the possible disadvantages that you can get.

So if you want to know which broker is better than the others, the only way to prove it is to test it yourself. However, it doesn't mean that you always have to sacrifice your time and money just to find out which one is the best broker. There are several extra steps that you can use to minimize the risk, such as:

Extra Steps

  1. Make sure you gather all information about the broker, such as reviews and testimonials from other traders who have been using the broker for a certain period of time. Check if the clients are most satisfied with the services or somewhat disappointed, especially during news releases and a high volatility period. To avoid any manipulation, use at least 3 reviewing platforms so you can have a moderated perspective of the broker.
  2. Read carefully and pay attention to the terms and conditions provided by the broker before you open an account.
  3. If you already researched on a broker and you're convinced that there are no problems, try to open a forex demo account and see how the trading platform is when processing your order during news releases.
  4. Start trading with a small amount of money to minimize the risk of losing. Once you're sure that the broker is trusted and favorable for you, you could gradually increase the amount following your target and trading goals.
  5. Don't forget to withdraw your profits regularly.

As simple as it might sound, news trading is actually very complicated. First, you need to have a good trading skill to succeed because the market can be very hard to predict because of extreme volatility. And just as important, you need to have an excellent broker to support your news trading. In this case, several features above could help you find some ideal brokers.

If you are interested in the 5 forex brokers recommended above, here is a side by side comparison between the three of them:

Feature FXOpen FXCM XM

Rating

General Rating 3.83/5
3.41/5
3.42/5
Trustpilot 4.2/5

rated by 12 users
2.7/5

rated by 44 users
2.4/5

rated by 162 users

General Information

Office(s) Australia, Russian Federation, Saint Kitts, Nevis and United Kingdom Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States Australia, Cyprus, Greece and Hungary
Regulation ASIC 412871
FCA (UK), 579202
ASIC, 309763
CONSOB (Italy) 76
CySEC, 392/20
DMCC (Dubai), 31171
FCA (UK), 217689
ISA (Israel), 2
SFC (Hong Kong), AIM232
ASIC, 443670
BaFin 124161
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
CySEC, 120/10
FCA (UK), 538324
FSP (New Zealand), FSP235905
Established 2003 1999 2009
Minimum Deposit $1 $1 $5
Maximum Leverage 1:500 1:400 1:888
Spread Variable Fixed Variable
Commissions $1.50 $4 $3.50
Minimum Position 0.001 lot 0.01 lot 0.01 lot
Payment Apple Pay, Bitcoin, CashU, Credit/debit cards, DIXIPAY, FasaPay, IntellectMoney, Liqpay, Litecoin, Local bank transfer, Neteller, Payza, QIWI, RBK Money, Skrill, UnionPay, WebMoney, Wire transfer and Yandex.Money Credit/debit cards, Neteller, Skrill and Wire transfer CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer
Official Website Visit FXOpen Visit FXCM Visit XM

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, English, Indonesian, Russian Arabic, Chinese, English, French, German, Greek, Hebrew, Italian, Portuguese, Spanish, Swedish Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish
Email Support
Call Support
Chat Support

Reviews

General Review Read FXOpen Review Read FXCM Review Read XM Review
User Reviews

Julius Helge

Jul 23 2020

So far I have never experienced significant obstacles during trading at a FXOpen broker. This year is my second year with FXopen. Thank you :)


Sammy

Jul 23 2020

Great FXopen VPS service, so fast!


Katharina S

Jul 23 2020

I find it very difficult to be able to find a trusted local broker. I feel very fortunate to be able to trade on FXopen. Now trading is not only profitable but also comfortable and enjoyable.


Danny Lim

Jul 23 2020

So far I am satisfied with FXOpen's brokerage services, small spreads, and many trading account options. So you can adjust which one is suitable for your needs. Thanks


Wong Apho

Jul 23 2020

Great! This is the broker I'm looking for. Okay for scalping


Jayadi Adhie

Jul 23 2020

According to my opinion, FXOpen is a good broker. Unfortunately, in Indonesia is not as popular as those of outside brokers who expand here. Even though this is pretty good and the service is consistent


Adrien

Jul 23 2020

I am really happy, yesterday I got the info that the deposit is now free of charge, so I'm getting more comfortable trading here. trading is also almost never requote


Gina Elliotte

Jul 23 2020

In the beginning, I joined FXOPEN because there was a 10-dollar bonus, not bad for new ones trying to trade for free. I've ever gain some profit, but end up losing because of impatience,. cry. 


Dylan Faye

Jul 23 2020

Actually, I am quite interested in the free vps offered... but the money requirements is quite expensive for a low-cost trader. I hope in the future FXOpen can be more generous. hhhh


Jerome Keane

Jul 23 2020

I Rarely take part in trading contests, but if I follow FXOpen. I will continue to follow the competition because I still get bonus points even though I didn't win. HAHAHA. it's quite good


Ng Yuen Hat

Jul 23 2020

Only trading on fxopen so far, already feels like home. The deposit process is quick. the wd process is also no problemo. Hopefully, it will still be maintained, if possible, there will be even more trading bonuses too, hehehehehe


Sierra nevada

Jul 23 2020

At first, looking at the trading contest page is so confusing, let alone directed to another page whose name is different. Trusted or not? So I tried, it turned out to be real, yesterday I was gaining some bonus during the race. bRAVO!


Yuelle Hargmoud

Jul 23 2020

Account registration at FXOPEN is very complicated!!

I already scan my ID card,  just because there are a few spots, my verification isn't processed/rejected.


Sophia

Jul 23 2020

FXopen is an international broker that I believe from the start of trading, the ECN account is quite compatible, there are no surprises or spike requotes.


K. Miller

Jul 23 2020

I am already suitable in FXOpen because the requirements are not complicated and less drama. Hopefully, the performance will continue to be maintained. Go go FXOpen!.


Amad Yajeed

Jul 23 2020

I know a lot of traders thanks to FXOpen in the forum, beside it, you are free to join the race too. quite useful, tenkyu


Miriam

Jul 23 2020


Advisor noobs

Jul 23 2020

A minimum deposit of 1 USD really seems to make trading affordable. But if you really want to learn, try depositing 5-10 USD, brothers and sisters, if it's only 1 USD, just a moment, you will get the MC.


Amelie Booker

Jul 23 2020

Customer service is very fast response and easy to contact. Not bad, my profit can be smoothly withdrawn for buying some snacks. Lol


Jeremy S

Jul 23 2020

I enjoy trading on FXOpen because the cashback bonus is practical, bro, you don't need an email to request a bonus or everything! The fund automatically goes to the account.


Zachary Lw

Jul 23 2020

It's really good to trade forex on a free swap account. When you want to trade until 2-3 days, don't worry about the swap interest


Shia Gevendru

Jul 23 2020

the good thing about offshore regulation is that we really have big leverage.


Jamil

Jul 23 2020

I have been trading with this broker so far, the execution on STP accounts is also fast, there are no requotes or spreads, everything is normal, I like this broker


Queen Trader

Jul 23 2020

I have experience with this broker. At night, the spread widens, the ask price suddenly rises away from the bid ... (a few months ago I made a EURJPY transaction, the BID remained in place, the ASK rose high ...) Since then I never wanted to use a broker this again .....


Sergio Davos

Jul 23 2020

We can register on the website directly, no need to come directly to the broker's office to open an account. Everything can be managed online. FXOpen is a good one for online withdrawal services. Many have proven


Yandhi Suwatri

Jul 23 2020

I once opened an account, After the FXOpen office in the BCA tower closed it was hard to contact. 


Yanny

Jul 23 2020

I think this broker deserves a value of 8, especially for quick and withdrawal services.


Khaerul Anshar

Apr 9 2021

nice broker


Yutian Hao

Sep 8 2020

I wonder how I got so many phone call after registering woth FXCM. Seems like they are selling customer personal details. Beware guys.


Valentino Yang

Sep 7 2020

They never accept my account and when I ask for my deposit back was completely ignored had to file a dispute with my bank. Stay away scammer brokerage.


Whiplash

Sep 7 2020

First, the price is far, very far from the real price and that's making everything false. Also, this broker is very very slow when it comes to support. They're only good when it comes to deposit funds and after that you get no support.
Deposits are half of the time rejected for no reasons.
Very bad experience, wouldn't recommend it.


Jeremy Sullivan

Sep 4 2020

Decent broker, decent trade platform, had some service issues with them and would rate them as an average company.


Bernard L

Sep 4 2020

No issues with withdrawals and fast execution. I like the mobile app.


Willhelm Collins

Sep 4 2020

I'm not a fan of FXCM demo account. They almost don't have support on the desk session. Many times they are overloaded so I must wait like around 20 minutes to get answered.


Fitez Clavench

Sep 4 2020

FXCM spreads are not really that interesting, but I always have my money when I request a withdrawal. Tahye are dependable and seems to be the best broker out there.


Daniel Arledge

Sep 4 2020

Overall FXCM are worth using. But their website interface need to be updgraded. Also their spread could be have better offer.


Sasha

Sep 4 2020

They are actually a decent broker. But extra fees are too much for small traders and will take away your profit.


Ben Joseph

Sep 4 2020

I've been an active traders since 5 years ago and not long until I joined FXCM. I have the different experience since I got email from them that my account had been terminated without reason. This is the worst example on how you treat your customer.


Davey

Sep 4 2020

No complaints about this broker. Does what it says on the tin. Spreads are decent.
No deposit and withdrawal fees are always good to see and the customer service is very helpful.


Zyclone

Sep 4 2020

Excellent broker. I've never had problems withdrawing funds, everything works very well with its original Marketscope 2.0 platform, it's super complete and very efficient. They don't have limitation for pending orders too.


tc333

Sep 4 2020

I have traded with FXCM for a long time and although there have been a few issues, overall they have been good. I have traded almost every day in that time. But recently when I placed a trade on the NZD/JPY at the price that was displaying on the FXCM trading station platform, I noticed nothing happened and it went into pending. I then check ed the charts to see that the price was vastly different to that which the trading station was reading, something like an 80 pip difference, I tried several times to cancel the trade whilst it was pending, but the system would not do that. I was really disappointed with the way they handle my complain. I have recommended 6 others to the company over the years as I have always trusted them, but the way they dealt with this issue was really poor.


Basem4115

Sep 4 2020

I do respect all the opinions about this company even the negative ones, but in fact my experience was and still very good with them. My first account was in 2011 (UK Branch) and since then I leave for year or more and come back to the same company many times with ease. I lost money many time but it was my fault and lack of experience. I even recommended this broker to many friends of mine and no one faced any difficulties to withdrawal or even close their accounts. I wish all of you good trading and thanx FXCM.


Annie Bonnie

Sep 4 2020

I have made a deposit of $1000 when my usable margin dropped to 50% in order to avoid margin call by credit card. Normally it will appear in my account immediately due to FXCM website. However, this time it has never come. When I contacted FXCM customer support, they informed me that the new system will take few hours to 1 day for the fund to come, which hasn't been informed on the website nor email.
After that, they kept transferring me around and promised to ask the operation team to expedite my deposit.


BMTraders

Sep 2 2020

My account is still locked since my first deposit, nobody replies my emails, I want my money back.


Clara

Sep 1 2020

This company is as bad as its sound. I lost more than 40K with them and they never refund me. Don't deposit or trade there you'll loose big time.


MS Asad

Aug 29 2020

Good spreads withdrawl little delayed though, But got an apology call for the same so it is ok.


Eric S

Aug 25 2020

Bad broker and has terrible trading conditions. Stay away everybody is staying away from them here in the USA.


Rachmidah Wanda

Aug 23 2020

Hi i trade with fxcm close to 1 year now ! everything good ! one thing i don't like with fxcm is withdrawal time take between 2 days and 5 days that just to much !
i hope fxcm make withdrawal time faster.


P. Richard

Jul 21 2020

To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!


P. Richard

Jul 21 2020

To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!


Novrizal

Jul 21 2020

Trading at XM's Zero Account was pretty good. They give zero spread and low commission. I like it!


Mr. Zack

Jul 21 2020

I have no problem during trading at XM real account, but I suggest XM to consider a longer expiration time on demo account :D


R. Nimi

Jul 21 2020

Trading execution at XM is very good. They also help novices like me to understand forex trading through free webinars. I wish XM held their trading contest again :)


Kaiandra

Jul 21 2020

The trading platform at XM is very nice! I believe this is the most appropriate one for Indonesian traders! They offer MT4, MT5, even MetaTrader for web-trading. Nice work XM!


Ivanova

Jul 21 2020

I got confused during registering for my trading account. Fortunately, their customer service is fast-response and very helpful. Their trading condition and trading platform are also awesome. Thanks XM!


Cak Moestopo

Jul 21 2020

So far so good at XM. They have CS that is fluent at Indonesian, also deposit withdrawal method with a free commission. Broker joss lah!

Salam from Indonesia.


Evan S

Jul 21 2020

XM is very good for those looking for free trading signals. They also often held free online webinars. Unfortunately, they don't have an ECN account yet for traders.


Finn R.B

Jul 21 2020

I love trading at XM due to their commission-free deposit and several instruments offer, though their account verification is quite difficult *LOL XD


Syarif Z

Jul 21 2020

Hi, I'm from Indonesia. I also trade on XM and find out their customer care is very good for Indonesian. Mantapp!!!


W. Billie

Jul 21 2020

I tried to register a trading account XM and got no deposit bonus. After 2 weeks, I got a profit as much as USD108. I decided to withdraw for USD60 and it was accepted. Thank you, XM!


Demian

Jul 21 2020

I've traded on several brokers, but I think XM is the best due to their trading conditions. Nice work, bruh!


C. Lee

Jul 21 2020

I registered for my trading account at XM last year. I found their whole services are pretty good, especially their commission-free on deposit. But their spread is extremely unpredictable during news release. Be careful, traders!


Gabriel

Jul 21 2020

XM's website is very hard to load! I look for any bonus info but it takes for hours!


Shafeeya

Jul 21 2020

I feel so disappointed with XM regarding their leverage option. My trading account firstly used 1:888 leverage, but then it was changed to 1:100. Plus, they said my trading account will no longer available to get any bonuses from XM. I've sent my complain but they didn't give any responses yet,,


Zalandra

Jul 21 2020

I've been trading at XM for almost 7 years and had no much problem with them. But recently they changed their deposit withdrawal method with no longer using MasterCard. This made me confuse sooo much!! Whyyy??!!


Mr. Pawww

Jul 17 2020

I used to trade on zero account, but recently I moved to ultra-low trading account. I think it doesn't matter on what account is used. The most important one is money management. I love XM because their withdrawal process is quite great.


Lyly

Jul 17 2020

I'm XM's client for these several years. Recently, their customer service gives slow responses to any troubles. Plus, their website is difficult to access. I have almost moved my trading account to other brokers.


Georgie

Jul 17 2020

I've been trading at XM for almost a year, and everything goes well. I always withdraw my balance per month.


Ashley

Jul 17 2020

I do trading forex using a few balances. My friend suggests me to register at XM and it's quite good so far. I don't find any notable problems with XM. Nice!


Zaheera

Jul 17 2020

My first trading at XM was quite good, but it went worse even more. It's hard to do deposit or withdrawal. That's why I don't have much balance at my account that often. I hope they can improve their service for the clients.


Felicia

Jul 17 2020

I'm new at XM. I chose XM because they have many leverage offers. It's good for a novice like me


Abby

Jul 17 2020

I got my passive income from XM rebate program. It can be withdrawn weekly, so it's good as my additional shopping budget :D


Patricia

Jul 17 2020

I joined on their roadshow at Indonesia last year. It was so great and useful for me! Thankyou XM!


Abraham

Jul 17 2020

Though XM has so many customers, their customer care is incredibly great! Two thumbs up for you!


Regina

Jul 17 2020

I do agree that XM is one of the well-regulated forex brokers for traders! Cheers to you!


Berliana

Jul 17 2020

One thing I love most from XM is their regular trading event. I even can't miss them once. It's always good and awesome!


Cathy

Jul 17 2020

Hi, I'm new at trading forex. I want to share my trading experience at XM. Before being a part of this broker, I was trading at other brokers since 2017, but their commission and payment method for deposit withdrawal isn't my type. Finally, I chose XM at the end of 2018. To this day, I am so satisfied with XM's services, especially their regular webinar event. You guys have to trade on XM!


Elena

Jul 17 2020

It's good to trade on XM. They have lots of trading competitions. One of them was even prized as much as $11,000 for the winner! WOW! I'm gonna join it sooner! Thankyou XM!


Matthew

Jul 16 2020

I'm so disappointed with XM. I did a withdrawal on May 28th, 2020 but it wasn't sent to my bank account until June 10th. Better you trade on other brokers. XM ISNT GOOD AT ALL, IT'S SCAM!


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