Best forex brokers for news trading in 2024

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

Updated: Jul 22, 2024

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Trade your favourite markets with our top-rated broker, eToro.

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Our trading experts have investigated the best forex brokers for news trading, and you can find out which trading platform rank best in this guide. Read on to learn more about forex news trading and which brokers our experts recommend. 

Best 7 forex brokers for news trading overall

What are the best news trading forex brokers?

If you want to start trading the news, you can use any of the forex trading platforms below. All of these forex market trading platforms have been selected by our experts and are perfect for both beginners and experienced users. Click on any of the links to get started in minutes, or keep scrolling to learn more about each one. 

Most popular

1

Min. Deposit

$ 100

Best offer

User Score

9.9

Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader

eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets

Largest number of currency pairs to trade

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer

Full Regulations:

CySEC, FCA

eToro offers real assets only, no CFD products. Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

2

Min. Deposit

$ 100

Best offer

User Score

9.9

Trade +2000 CFDs on Shares, Forex, Indices, Crypto, Options, Commodities & more

Unlimited risk-free Demo Account

0 commissions & attractive spreads

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill

Full Regulations:

ASIC, FCA, FSA, MAS, CySEC #250/14

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3

Min. Deposit

$ 0

Best offer

User Score

8.0

Open a free account in minutes

Go global with fee-free foreign exchange

Finance tracking made simple

Start Trading more info

Payment Methods:

Debit Card, Credit Card

Full Regulations:

Top 7 forex brokers for news trading, reviewed

Below are reviews for the best forex brokers for trading the news. Each forex trading platform below has been selected by our team of forex traders and are the top places to trade forex news.

1. eToro. Best for beginners, copy-trading & demo-account

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0% commission

Fees

$100

Minimum deposit

1500

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.

Highlights

Features	eToro summary
No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN
View more >	eToro >

Visit eToro eToro Review

eToro offers real assets only, no CFD products. Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

2. Plus500. Best for international trading*

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From 0.08%

Fees

$100

Minimum deposit

2800

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to forex futures for over 10 symbols. 

Plus500 has something for all types of forex traders, no matter what level of experience. Its low margin requirements (starting at $40) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

One of the features we like most about Plus500 is its bonuses. Not only does it have a low minimum deposit of $100, but you’ll also have the option to receive a bonus the first time you add funds to your account, so you can stretch your money a little further.

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Features	Plus500 summary
No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC
View more >	Plus500 >

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is a news trading forex broker?

It’s a forex broker that allows users to trade the foreign exchange market and take advantage of price movements caused by news releases. News trading forex brokers usually have fast execution speeds, low latency, and reliable platforms allowing traders to respond quickly to news events. 

How does a forex broker for news trading work?

A news event, such as an economic report or central bank announcement, can cause significant price movements in the currency markets. A news trading forex broker allows traders to take advantage of these movements by providing access to the market quickly and easily. 

Electronic Communication Network (ECN) platforms are usually the best forex trading brokers for news trading. These brokers provide direct access to the interbank market where banks, hedge funds, and other financial institutions trade with each other. 

News forex trading brokers work just like any other type of broker, giving traders access to the currency market. Brokers act as a middleman, connecting traders to the market and facilitating orders. Brokers earn a fee for allowing trades on their platforms through either spreads or commissions. 

How should I choose a forex broker to trade the news?

Trading the news requires a specific type of broker and when it comes to choosing one, there’s a lot to consider. As news trading is so fast-paced, it is crucial to use a platform that has fast execution so that you don’t miss out on any trades. Here are a few other features to consider when choosing the best forex broker for news trading. 

Use a platform with fast execution speed

News trading is a fast trading style that often requires traders to make split-second decisions. A forex broker with fast execution speed is necessary for any trader wanting to trade the news. Fast execution means your trades will be processed extremely quickly. You can also find forex trading platforms that guarantee your order will be filled. 

Keep costs down with low spreads and commissions

The economic calendar is filled with scheduled news releases throughout the day and if you plan on trading lots of news events, costs can quickly add up. To save on fees, using a broker with low spreads and commissions is a good idea. Spreads, in particular, can be helpful when trading forex news, as a high spread can be the difference between getting filled or not. 

Find a forex broker that won’t requote

Requotes are when the price you want to trade at is not available and you are offered another price by your broker. The best forex brokers for news trading have a large pool of liquidity providers, meaning requotes are unlikely to occur, so it’s important to use a platform where requotes are unlikely. 

Use a forex broker with a good economic calendar

To stay up to date with the latest news releases, it is a good idea to use an economic calendar. These calendars have a list of all the major and minor news events occurring and you can easily stay on track of what the next release will be by using your broker’s calendar. Some brokers even let you integrate an economic calendar into your trading platform and offer advanced trading tools. 

An ECN forex broker is often the best option

Electronic Communication Network (ECN) forex trading platforms provide direct access to the interbank forex market, where banks and other financial institutions trade. Using an ECN means you’ll usually always have access to the best prices, fast execution speed, and low spreads. Although ECNs usually charge commissions.  

Should I use a forex broker for news trading?

If you trade economic news releases, using a forex broker for news trading is your best option. You can trade the news on any type of forex broker, but a broker that is specifically designed for news trading or has features that make it more suitable is the best way to trade forex news. 

News trading can be very difficult, so choosing the right type of broker is important. During times of news releases, volatility tends to spike, leading to high spreads and sometimes a platform can crash. The best forex brokers for news trading use advanced technology to ensure their platforms run smoothly no matter what the market is doing. 

What are the risks of using a news trading FX broker?

The main risk is losing money when you trade forex news. Trading the news in the forex market is difficult and prices can become extremely volatile, meaning you can quickly lose your money. Spreads often increase during a release and with some platforms, you may be offered requotes, meaning you won’t get the price you want. Here are a few of the pros and cons of news FX brokers. 

What are the fees for using a forex broker for news trading?

The fees for using a news trading forex broker will vary depending on the platform you use. Generally, forex traders can expect to pay a spread (the difference between the buy and sell price of a currency pair), commission, or a combination of both. You also may encounter fees for using certain payment methods and access to advanced tools. 

Methodology: How did we choose the best forex trading platform for news?

Our forex market experts tested each platform on this page and scored each one for several features. The testing included opening an account, depositing funds, placing a trade, and withdrawing funds. We also looked at various aspects of each platform, such as spreads, commissions, payment charges, and other fees. 

Our evaluation was not solely based on our findings but also considered online reviews and research. You can find an in-depth analysis of each of the brokers we have included in our comparison guide. Our rankings are not influenced by any trading platform; however, we may receive a commission if you register an account using a link on this page. 

Please visit our full review process page for further information about our methodology.

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