Best Forex Brokers for News Trading 2023

For this list, we have searched and tested several forex brokers for News Trading.

To select the best forex brokers for scalping we opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. Further, we placed real trades in each popular market to get the actual picture. Also, we tested the work and dedication of the customer support team. We reached out to them to see how they solved the problems we had faced.

We handpicked the best forex brokers for News Trading based on our trading data and experience as a trader.

What is News Trading in Forex?

News trading is a technique that uses breaking news about equities, currencies and other markets as the basis for a strategy. This can include economic reports, company announcements – such as earnings, changes in management and stock splits – and unexpected geopolitical events.

By keeping track of what is happening in the market and anticipating certain news releases, a news trader uses the market sentiment to try and make profitable trades.

Here are some of the major types of News:

• Unexpected news
• Federal Reserve rate announcement
• Earnings reports (applicable to investment portfolios or stocks)

Pros and Cons of News Trading:

On news releases market volatility is dramatically high, also this strategy is highly risky since on news releases Markets jumps are very high to the direction of another so can blow account in a matter of seconds, and slippage is very high too.

Best Brokers for News Trading

To select the best forex broker for News trading, we tested and reviewed several forex brokers. We opened live accounts and deposited real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

• XTB – Best Overall News Trading Broker
• AvaTrade – STP News Trading Broker
• Admiral Markets – MT4 News Trading Broker
• Pepperstone – ECN News Trading Broker

Best Overall Forex Broker Trading on News

We picked XTB as the best forex broker for News Trading.

Founded in 2002 XTB is a global Forex and CFD broker. The broker is headquartered in London and Warsaw. Also, it holds licenses in the UK, Cyprus, Poland, Spain, and Belize. The broker offers the following markets: Forex, Indices, Stocks, Commodities, ETFs, and Cryptocurrencies. XTB offers 2 main account types: the Standard, and PRO accounts, also a forex swap-free Account. The broker offers various payment methods including bank wires, credit and debit cards, and e-wallets such as Skrill and PayPal.

With XTB traders have access to the broker’s proprietary trading platform – xStation, and also to the popular MetaTrader 4 (MT4) platform. The education section of XTB is also excellent. It offers a demo account, webinars, ebooks, video tutorials, educational articles, and videos.

Best STP broker for news trading

We picked AvaTrade as the best STP broker for News Trading.

Founded in 2006, AvaTrade is a major player in the field of Forex and CFD markets. Launched as a forex retail trading broker it has extended its market offerings over forex, indices, commodities, bonds, cryptocurrencies, stocks, and ETFs. The broker is authorised and licensed by world-leading regulatory bodies including Ireland, Japan, Australia, UAE, South Africa, British Virgin Islands.

Best Broker for News trading EA MT4

We picked Admiral Markets as the best MT4 forex broker for News Trading.

When it comes to spreads and trading fees, Admiral Markets offers the best solutions; its spreads are lower than the industry average with only 0.6 pips for EUR/USD currency pair as compared to the industry average of 1.6 pips.

Though the basic Admiral Markets account type does not charge any commission, higher-tier accounts charge trading fees but have tight spreads. The broker does not charge any additional non-trading fees.

The broker allows traders to run EA on both MT4 and MT5.

Best ECN broker for news trading

We picked Pepperstone as the best ECN forex broker for News Trading.

Founded in 2010, Pepperstone is an Australian Forex and CFD broker offering to trade in forex pairs, indices, stocks, commodities, ETFs, cryptocurrencies, and a currency index. It is highly regulated in Australia, the United Kingdom, Cyprus, Germany, Bahamas, the UAE and Kenya.

Pepperstone is known as being one of the best forex brokers for ECN trading. Pepperstone Razor account offers ECN brokerages with spreads from EUR/USD spreads averaging 0.13 pips and AUD/USD spreads 0.18 pips.

Trading on News Forex Brokers List

Here’s a full list of forex brokers for News Trading.

Forex Brokers	Test Details	Broker Review
FxPro	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
AvaTrade	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review
IC Markets	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
Admiral Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	Admiral Markets Review
ForTrade	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review
FP Markets	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
ThinkMarkets	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
Vantage FX	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
eToro	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
Pepperstone	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
BDSwiss	–	Visit BDSwiss
HYCM	–	Visit HYCM

FAQ and More on Forex trading news and analysis

Traders might have a lot of questions about how to trade and what brokers are good for certain needs. We tried answering some important queries related to brokers for News Trading.

Fundamental news forex trading

Fundamental analysis is useful research used for news trading, typically pattern trading will use fundamental and technical analysis so even news releases wouldn’t affect the analysis overall.

Best News Trading System

There is no best News Trading System, everything depends on a strategy but usually, traders would need to increase stop-loss levels since price fluctuates very rapidly on news, which means more capital to be invested.

Some of the typical and popular News Trading System uses major analyst to predict whether news might be positive or negative so traders would place sell or buy position, however on news fluctuations are very high besides to wrong predictions too, so traders should be alerted about high risks involved.

Currency News Trading

News trading is particularly popular for currencies. Here are some examples of news affecting currencies:

• CB rates release
• Overnight Interest Rate
• Purchasing Managers’ Index