Not all brokers are suitable for news trading because some important qualities like execution speed and low spread are required. So which brokers provide the best execution for news trading?
The currency market is one of the busiest markets in the world as it opens five days a week, 24 hours a day. Each day, millions of people from around the world participate in the market and enjoy the volatile environment. The forex market is greatly influenced by the major events in the world economy, as well as the smaller events known in certain countries. Thus, in forex trading, it's crucial to keep up with the global news and economic events as they can impact the short-term price movements.
A trading method that takes advantage of market volatility due to economic events is called news trading strategy. During a major event, the market can be very volatile, so traders can use the momentum to get instant profit. Keep in mind that not all news is that important in forex trading, though. Most traders use the economic calendar because it lists valuable information about upcoming macroeconomic events and government announcements that can potentially affect the price movements.
In general, forex brokers do not prohibit their clients from using the news trading strategy and continue to trade even though the market is highly volatile and risky due to a major event. So technically, you can use almost any broker you want. However, not all brokers are convenient when it comes to the technical support needed for news trading.
Choosing the Best Broker for News Trading
While news trading strategy can offer instant profit quickly, it can be intimidating at some point and quite risky too, as you must trade in a highly volatile environment. Speed is perhaps the most vital aspect of news trading. Since the price moves faster due to high volatility, even a tiny delay in the execution process can be really significant. This is why when selecting a broker, it's best to prioritize the speed in order execution.
Failure in trading with a good order execution could result in technical problems such as:
- The trading platform suddenly freezes, so you can't open or close any orders.
- Brokers unexpectedly reject your requests, so new orders cannot be executed at the price you want. Instead, you will get requoted.
- Orders are executed, but with slippages or executed at unfavorable price positions.
- Stop loss doesn't work as planned or even misses the target altogether. As a result, your trade will be more exposed to losses.
That being said, you would need the best broker with all of the necessary features that support the use of news trading strategy and minimize the risks. Trading with a good broker can be a real game-changer in forex news trading. Aside of execution, the following are the factors that you should consider:
The Broker's Policy
First things first, check if the broker allows news trading. While most brokers allow it, some may restrict, limit, or even forbid the clients to trade from the news. So always check the broker's policy regarding news trading.
Take note if the broker imposes certain rules or change certain trading conditions when the market is volatile during huge news events. For instance, some forex brokers change their margin requirements during the release of high-impact news. Such provisions must certainly come into your radar as they can impact your trades.
Trading Platform
The trading platform is perhaps the easiest way to determine the quality of a broker. Apart from the types offered, you should also consider the performance of the platform. In this case, it's best to pick a trading platform that is equipped with real-time updates in terms of price feeds and chart movements. As the quick response is highly crucial in news trading, quick chart updates and price changes are also important.
Spread
As a news trader, you would want a forex broker that offers tight spreads under any conditions. Even though spreads most likely increase when the market's volatility is high, not all brokers would just widen the spread carelessly. In this case, select a broker with reasonable spreads even during volatile market conditions. You can observe several brokers and compare them to find out which broker has the best spread condition for news trading.
See also: List of Brokers with the Lowest Spreads on Major Pairs
Additional Features
To improve your trade even more, you need to use some additional features such as one-click trading. The tool basically allows you to execute your orders in only one click, so you can open positions more quickly and easily, without having to fiddle with lots of parameters in the platform's order window. Other useful features can also come in the form of a news feed integrated with the platform or news section dedicated by the broker to help traders keep up with real-time market updates.
Top Brokers for News Trading
Some brokers below are recommended because, in addition to allowing their clients to trade on the news, they also have the platform, spread, and additional features necessary to support news trading. More importantly, the following brokers reportedly excel in their market execution:
1. IC Markets
IC Markets is an Australian-based broker that was established in 2007. The broker particularly stands out for its economic calendar because it is so intricately detailed. Above that, the broker also releases several economic news each day and has a top-rated blog for further analysis. With the combination of fast ECN execution and spreads as low as 0 pips, it's not surprising that IC Markets is a prevalent choice among scalpers and news traders. Add to the fact that there is no minimum deposit needed to access the broker, so you can see why this broker is worth a try.
🌐 WebsiteIC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).
On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.
Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.
The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.
For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.
To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.
2. FXOpen
FXOpen was founded in 2003 and is currently regulated by the FCA and ASIC. FXOpen offers 68 tradable assets and two of the most famous platforms for forex trading: MetaTrader 4 and 5. The broker claims to have no requotes, so you won't have to worry about delayed executions. Apart from that, the broker also provides several helpful risk management tools such as negative balance protection, trailing stop loss, etc. FXOpen allows news trading in any account type save for the Micro account. The spread is variable starting from 0 pips.
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.
3. RoboForex
RoboForex is a highly reputable broker that has been around since 2009. The broker offers more than 100 tradable assets along with low-cost trading. When it comes to news trading, the broker has a Forex Analysis & Forecasts section where you can find a bunch of economic analyses published throughout the day. This should be perfect for keeping you up to date with the current market condition. With only $10, you can open an account and start trading. The spread is starting from 0 pips in ECN accounts.
Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.
As for the service for European-based traders, RoboForex specifically operates a different brand called RoboMarkets that is still a member of the head company (Robo Holding Company) and has an office in Cyprus. The operation is licensed under Cyprus Securities and Exchange Commission (CySEC).
Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, cTrader, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, tight spreads, and payment method via Bitcoin and Ethereum.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, and other similar online payments.
After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:
Pro-Standard
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.01
- Leverage: up to 1:2000
ECN-Pro
- Minimum Deposit: $10
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:300
Prime
- Minimum Deposit: $5,000
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:100
Pro-Cent
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.1
- Leverage: up to 1:2000
R Trader
- Minimum Deposit: $100
- Spread: from $0.01
- Minimum order volume: 1 stock
- Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)
The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.
The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.
4. Pepperstone
Pepperstone is a widely-known broker that was founded in 2010. With Pepperstone, you can get benefits from in-depth market reviews as well as useful analysis that can help you prepare your trading strategy better. In addition to Pepperstone's research tools, you can also enjoy fast execution and zero spreads in this broker. The minimum deposit is $200, and the spread starts from 0 pips. Overall, Pepperstone offers various useful features that you can use at an affordable price, so it is considered suitable for news trading.
Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.
Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone .
They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.
Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:
- The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
- Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
- Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018
With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.
For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.
Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.
When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.
Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).
There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.
Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. The initial deposit starts at USD200 with a minimum lot of 0.01 (micro) and 1:500 leverage.
As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.
If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.
Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.
5. ThinkMarkets
ThinkMarkets is a multi-asset broker that was founded in 2010. The broker offers more than 1,200 tradable assets including forex and CFDs. ThinkMarkets is regulated by several top-tier regulators such as ASIC, FCA, and more. One of the advantages of using ThinkMarkets is that there is no minimum deposit to open a trading account. There are three trading platforms offered by this broker, namely MetaTrader 4, MetaTrader 5, and ThinkTrader.
As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and regional offices throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.
Along with its history operation, ThinkMarkets has been awarded and recognized many times in various aspects. Most recently, they won the Best Value Broker in Asia at the 2020 Global Forex Awards.
Average FX spreads for traders opening an account in ThinkMarkets start from 1.2 pips for the standard account, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.
As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).
ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader.
The trading platform is available on 3 different interfaces specifically designed for Web Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and more than 125 indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.
As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.
For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.
All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd's of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.
Conclusion
News trading is a great strategy that is usually ideal in the volatile forex market. While it offers a huge opportunity to generate significant profit during major events, you should not forget that news trading also comes with its own unique challenges. In fact, trading in such volatile conditions is actually very risky, so make sure to learn how the method works before you use it.
On top of that, your broker selection is very crucial for your trades. Choosing the wrong broker can hinder your victories in news trading. You need to pick the best broker that supports news trading and provides useful features such as instant execution and low spreads. The comparison here can be a good start for you:
| Compare | Pepperstone | FXOpen |
| General Rating |
4.43/5 |
3.83/5 |
|
| Trustpilot |
4.7/5 1748 users |
4.2/5 12 users |
|
| 💼 Regulation | |||
| ❗Information | Testimonials (59), News (11), Articles (18) | Testimonials (78), News (17), Articles (9), Bonus (1), Contests (1) | Testimonials (549), News (56), Articles (21), Webinars (217) |
| ⌛ Established | 2010 | 2003 | |
| 💲 Min Deposit | $200 | $1 | |
| ⚖ Max Leverage | 1:30 | 1:500 | |
| 🔢 Spread | Variable | Variable | |
| 💸 Commissions | $7 | $1.50 | |
| 💡 Min Position | 0.01 lot | 0.01 lot |
| 💳 Payment | Credit/debit cards, PayPal, UnionPay and Wire transfer | Crypto, Crypto Cash, Credit/debit cards, Ethereum, FasaPay, Litecoin, Tether (USDT) and Wire transfer |
| 🏢 Office(s) |
       |
         |
| 🧩 Demo Account | ||
| 📁 Segregated Account | ||
| 🕋 Islamic Account | ||
| 👨💻 PAMM Account | ||
| 📈 Managed Account |
| 💱 Hedging | ||
| 🇺🇸 US traders | ||
| 🕛 Swaps |
| 🏆 Trading contests | ||
| ⚡ Automated trading | ||
| 💰 Bonus offers | ||
| 📖 Free education |
| 1️⃣ One-click trading | ||
| ⏱ Trailing stop | ||
| ⏳ Pending orders |
 Forex |
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 CFD
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 Indexes |
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 Spread Betting |
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 Gold & Silver |
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 Crypto |
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 Stocks
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 Oil
|
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 Metals |
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 Energies |
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 Futures |
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 ETF
|
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 Options |
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 Agriculture |
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 Indices |
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 Commodities |
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 Bonds |
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 Binary Options |
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 Shares |
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 Physical Stock |
||
 Cryptocurrencies |
| 🗣 Website Languages | Chinese, English, Russian | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Portuguese, Russian, Spanish, Thai, Turkish |
| 🚪 Trade Now | Open Pepperstone | Open FXOpen |
5 Comments
Theo
Mar 3 2023
after reading the article above, I can conclude that news trading actually has profitable potential instantly because, based on the article, the market can be very volatile especially, the important news.
Okay, from this statement, I am understood. So, when the news came, the event occurred, the market will volatile because the impact of that news. And the news off course we can know from calendar economic, if i dont call it wrong. So, what I don't understand is the news itself, In the calendar, everyday happen to be an event and the article has said some news can be very important news. The question is, the important news that article means are what? because the article doesn't tell the details.
Dimitar
Mar 3 2023
Theo: Important news events are usually the ones that have a big impact on the economy and financial markets. These events can cause the market to get all crazy and cause price movements that traders can either profit from or wanna steer clear of.
Some examples of important news events in forex trading are:
Jones
Mar 3 2023
Slightly off topic for the article, here are some comparisons between Pepperstone, FXOpen and ICMarkets. Also, the minimum deposit available from 3 brokers including Pepperstone and IC Markets was $100 and FXOpen was surprisingly just $1. FXOpen, on the other hand, only charges a commission of $1.50, offering higher leverage to other brokers.
So now I'm only interested in FXOpen, I mean low deposit, higher leverage, and lower commission. And also because the article said FXOpen also included which means it's good for news trading. Also, is there a feature on FXOpen that supports news trading and are the spreads offered on FXOpen is true 0 pip?? thank you very much!
Kane
Mar 3 2023
Jones: FXOpen has got you covered when it comes to news trading. They've got lightning-fast trade execution and an economic calendar that's always up-to-date with the latest news events. And with multiple trading platforms to choose from, including the highly popular MetaTrader 4 and 5, you can customize your trading strategy to fit your needs.
Talk about the spreads. FXOpen offers variable spreads, which means they can fluctuate depending on market conditions. But don't worry, FXOpen aims to keep spreads as low as possible, and they're super competitive with industry standards. While they don't offer "true" 0 pip spreads (because, let's face it, that's just not possible), you can be confident in the competitive spreads they offer.
Luis
Mar 3 2023
Thanks for the article. BUt I think, news trading can be pretty risky for newbies since you gotta make quick decisions based on news events that can have a big impact on the market. When important news comes out, the market can get real volatile and cause prices to move fast, which can lead to big wins or losses. So, it's important to have some experience, discipline, and risk management skills before diving into news trading.
Oh, and speaking of news events, they can also cause something called slippage in the market. Basically, that's when the price you get for a trade is different from what you expected, which can be a bummer. During news events, there's usually a lot of trading going on, and that can cause prices to get wonky and spreads to widen. That means you might end up with a worse price than you hoped for, which is why news events are considered high-risk. To minimize the chances of slippage biting you in the butt, it's essential to be careful and have some risk management strategies in place.