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Brokers => Brokers => Topic started by: Dr ea on March 10, 2014, 01:26:24 PM

Title: Which broker best to trade news?
Post by: Dr ea on March 10, 2014, 01:26:24 PM
I am very appreciated that someone share which broker is the best to trade news and spread would not widen so much.
Title: Re: Which broker best to trade news?
Post by: fxtest on March 10, 2014, 01:41:47 PM
Check Armada Markets.
Title: Re: Which broker best to trade news?
Post by: Dr ea on March 11, 2014, 03:38:41 AM
Check Armada Markets.

I have not tried armada markets. Thanks for your sharing as I might look into it. So far mm brokers are fine for news trading but in the long run, they would sabotage your account as lot size increase.

Is there anymore potential brokers for news trading other than armada?
Title: Re: Which broker best to trade news?
Post by: expertrader on March 11, 2014, 09:05:41 AM
I used to trade news in the past and I used many brokers: Oanda, FXCM, Trading Point (now XE Markets), IBFX, Forex.com, Alpari, BMFN, Markets.com, ...

They worked for a short period, but then, some brokers opened their spreads at news times, some brokers were constantly requoting and even I got my trades deleted in one of them.

If you trade news in an ECN broker you will get bad (but real) fills. If a MM broker fills you in good prices, they are losing money so they will do something against you sooner or later, that's why I stopped trading news.

Now I only trade with expert advisors  ;)
Title: Re: Which broker best to trade news?
Post by: forexbaby on March 11, 2014, 09:11:19 AM
not going to work in the long term. You need to define what is trading news? Scalping or doing buy and sell limit?
Title: Re: Which broker best to trade news?
Post by: Dr ea on March 11, 2014, 09:37:54 AM
Pre news strategy. It is like volatility break out.

I might wanna look into at fxpig or lmax or dukascopy but lmax and dukascopy min deposit are too high. Can anyone share with three brokers?

So far Rv does not experience huge spread like 10 to 50 pips during news times but they do get bad fills.
Title: Re: Which broker best to trade news?
Post by: expertrader on March 11, 2014, 09:44:18 AM
Pre news strategy. It is like volatility break out.

I might wanna look into at fxpig or lmax or dukascopy but lmax and dukascopy min deposit are too high. Can anyone share with three brokers?

So far Rv does not experience huge spread like 10 to 50 pips during news times but they do get bad fills.

I have a similar EA and I also was getting bad fills. I think it's because many EAs enter when a new bar opens, and there are many EAs that enter when there is a big EURUSD move.

I've just modified my EA to enter in an "alternative way" to see if I can prevent having this slippage. Let's see how works.
Title: Re: Which broker best to trade news?
Post by: Efx123 on March 13, 2014, 09:19:28 PM
I use Armada Markets and FXCM
Title: Re: Which broker best to trade news?
Post by: Ed Joshue on April 16, 2018, 04:21:45 AM
It must be a good analyst and a news portal inside brokers system. When I read feedbacks about brokers, a lot of traders said Amarkets is a good choice for trading news
Title: Re: Which broker best to trade news?
Post by: akev on December 21, 2020, 02:04:41 PM
I use FP Markets for news trading because from what I observed, they are stable even during volatile market movements and did not face any sever freezing issues as well.
Title: Re: Which broker best to trade news?
Post by: drunkfx on January 02, 2021, 12:46:54 PM
I use FP Markets for news trading because from what I observed, they are stable even during volatile market movements and did not face any sever freezing issues as well.

If you want to avoid issue of platform freezing use proper Mt4 build. Using obsolete build with bugs is the main cause of platform issues. MT4 itself is quite fast and reliable platform. I didn't have a single platform issue with Hotforex since I always make timely updates
Title: Re: Which broker best to trade news?
Post by: Sebastian90 on January 09, 2021, 04:57:16 PM
I trade with FP Markets, and regarding news trading from what I observed in the past few weeks, they have been stable even during high volatile market movements.

No server freezing issues and their execution speed is pretty quick irrespective of any market movements.
Title: Re: Which broker best to trade news?
Post by: drunkfx on February 11, 2021, 04:22:15 AM
It's hard to find decent broker for trading news because there is a great extent of unpredictability in market conditions which brokers can't fix even with rich ECN model. Brokers offering very good conditions would be quickly occupied by pro traders decreasing quality of their conditions.
Title: Re: Which broker best to trade news?
Post by: HFT Group on February 11, 2021, 01:24:09 PM
Pre news strategy. It is like volatility break out.

I might wanna look into at fxpig or lmax or dukascopy but lmax and dukascopy min deposit are too high. Can anyone share with three brokers?

So far Rv does not experience huge spread like 10 to 50 pips during news times but they do get bad fills.

LMAX with reduced $1K minimum deposit and discounted commission rate - https://donnaforex.com/index.php?topic=19467.0
Title: Re: Which broker best to trade news?
Post by: drunkfx on February 19, 2021, 07:04:03 AM
Pre news strategy. It is like volatility break out.

I might wanna look into at fxpig or lmax or dukascopy but lmax and dukascopy min deposit are too high. Can anyone share with three brokers?

So far Rv does not experience huge spread like 10 to 50 pips during news times but they do get bad fills.


LMAX with reduced $1K minimum deposit and discounted commission rate - https://donnaforex.com/index.php?topic=19467.0

yeah it's good but no better than Tickmill or Hotforex, though they used LMAX liquidity for a while in the past.
Title: Re: Which broker best to trade news?
Post by: Carlos55 on April 17, 2021, 02:59:35 PM
In my opinion, I find FP Markets suitable because I've been trading with them for six months, and the spreads have been stable during high volatile news than any other ecn brokers.
Title: Re: Which broker best to trade news?
Post by: Jacob on April 20, 2021, 04:43:14 PM
I agree with Carlos55 that FP Markets is suitable for new trading because their spreads are not just stable but also consistent during news events.
Title: Re: Which broker best to trade news?
Post by: jwatts7701 on May 20, 2021, 11:30:41 PM
Jeeze i wonder if you guys with only a few posts work for FP Markets? lol. Carlos Jacob Khan etc... Sad to see you guys resorting to these tactics.

Garbage untrustworthy broker nonetheless, but at least most people already know this, and you guys doing this only confirm the shadiness.