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The Best News Trading Broker

  • Poll

  • What is the best broker for news trading?
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  • #1
  • First Post: Jan 26, 2007 12:10pm Jan 26, 2007 12:10pm
Hi guys,

I browsed through the news trading room threads and although there is lots of valuable info about news trading I did not find a clear consensus on which broker is the most reliable for news trading.

So, I started this "The Best News Trading Broker" poll. Your participation and comments would be very much appreciated.

Cheers,
Steven
  • #2
  • Jan 26, 2007 1:26pm Jan 26, 2007 1:26pm
OANDA has best execution that I have experienced. The spreads can get high if the news is unexpected. They are getting better at lowing spreads as the news is digested.
EllisEdi Moving on to my next trade ...
  • #3
  • Jan 26, 2007 10:57pm Jan 26, 2007 10:57pm
FXCM has 3 votes! LOL! I guess being away from news trading for just 4 months has changed a lot of things.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #4
  • Jan 27, 2007 7:44am Jan 27, 2007 7:44am
Sorry but on my opinion no one of the broker listed is good for trading news .
Try yourself and you'll see.
  • #5
  • Jan 27, 2007 5:37pm Jan 27, 2007 5:37pm
Interesting why one would run this kind of thread (again and again and again and again. - we get one every month)

To fish out the best broker for the news? Someone at this forum even posted a reward with no reply.

You should very well know that the people who found the best brokers wont tell you that info - I experienced that. ME? Im still trading news with crappy brokers. This is why I kept hopping from one broker to another.

But to ask me which broker I profess the most: GFT is top of the list!
  • #6
  • Jan 30, 2007 12:37am Jan 30, 2007 12:37am
I wonder why people are not talking about this MB Trading Broker

Search on the web, and find out the differences!
"Quality means doing it right when no one is looking"
  • #7
  • Jan 30, 2007 12:49am Jan 30, 2007 12:49am
Quoting ikimashu
I wonder why people are not talking about this MB Trading Broker

Search on the web, and find out the differences!
The spreads are just as bad as Oanda.

BTW, the best brokers to trade the news with aren't even on the list...
  • #8
  • Jan 30, 2007 12:54am Jan 30, 2007 12:54am
Quoting BurgerKing
Interesting why one would run this kind of thread (again and again and again and again. - we get one every month)

To fish out the best broker for the news? Someone at this forum even posted a reward with no reply.

You should very well know that the people who found the best brokers wont tell you that info - I experienced that. ME? Im still trading news with crappy brokers. This is why I kept hopping from one broker to another.

But to ask me which broker I profess the most: GFT is top of the list!
Attached Image
  • #9
  • Jan 30, 2007 1:25am Jan 30, 2007 1:25am
Quoting Darkstar
BTW, the best brokers to trade the news with aren't even on the list...
Can you name a few brokers that in your opinion are good or at least better for news trading than those on the list ?
  • #10
  • Jan 30, 2007 1:31am Jan 30, 2007 1:31am
Quoting Darkstar
The spreads are just as bad as Oanda.

BTW, the best brokers to trade the news with aren't even on the list...
thats not true the spreads or not that bad during news.
If I Go Broke Trying Then I Will die happy.
  • #11
  • Jan 30, 2007 2:05am Jan 30, 2007 2:05am
Quoting PipStar
Can you name a few brokers that in your opinion are good or at least better for news trading than those on the list ?
ODL, PFG, Man FXclear, fcstone, marex. To name a few...

Better get your thinking cap on to figure out how your going to meet the requirements though. $500 isn't gonna cut it.
  • #12
  • Jan 30, 2007 2:05am Jan 30, 2007 2:05am
Quoting Moe
thats not true the spreads or not that bad during news.
Anything over 4pips just plain sucks.
  • #13
  • Feb 1, 2007 8:27am Feb 1, 2007 8:27am
Quoting EllisEdi
OANDA has best execution that I have experienced. The spreads can get high if the news is unexpected. They are getting better at lowing spreads as the news is digested.
On the OANDA platform, EURUSD spread widened to 10 pips when Personal Spending/PCE was announced at 8.30pm this morning, as I would expect. However, it remained widened like this for over 5 minutes, which was unusually long, especially given the fact that the the figures released were very close to those that were expected.
  • #14
  • Feb 3, 2007 9:16pm Feb 3, 2007 9:16pm
Quoting Darkstar
The spreads are just as bad as Oanda.

BTW, the best brokers to trade the news with aren't even on the list...

MB Trading ? are we talking about the same broker???

EUR/USD just 1 spread compared to GAIN Capital 3 spreads~~~
"Quality means doing it right when no one is looking"
  • #15
  • Feb 3, 2007 9:20pm Feb 3, 2007 9:20pm
Quoting Darkstar
Anything over 4pips just plain sucks.
or you kidding me 4 pip spread during news is bad.
If I Go Broke Trying Then I Will die happy.
  • #16
  • Edited 12:40am Feb 4, 2007 12:26am | Edited 12:40am
(Shrug) I don't know maybe it's been improved over at Mb's. When I was looking at them several months ago, the spread was 5-8 on the initial spike. That and their commissions are ridiculous.
  • #17
  • Feb 4, 2007 5:17am Feb 4, 2007 5:17am
Quoting Darkstar
(Shrug) I don't know maybe it's been improved over at Mb's. When I was looking at them several months ago, the spread was 5-8 on the initial spike. That and their commissions are ridiculous.
AGAIN YOU CAN'T BE CRYING ABOUT 5 PIPS SPREADS DURING NEWS I.E. N.F.P., YOU GOTS TO BE KIDDING ME BRO.
If I Go Broke Trying Then I Will die happy.
  • #18
  • Feb 4, 2007 5:39am Feb 4, 2007 5:39am
Quoting Moe
AGAIN YOU CAN'T BE CRYING ABOUT 5 PIPS SPREADS DURING NEWS I.E. N.F.P., YOU GOTS TO BE KIDDING ME BRO.
really depends on what markets you're talking about. Retail fx ... they can be whatever you like and ppl shouldnt complain. Wholesale fx .... is usually pretty tight throught eco releases and there's no reason it shoudlnt be. us10yr, bund, snp, stoxx and all ir futures ... spreads are 1 tick almsot 100% of the time even throughout major releases.
  • #19
  • Edited 4:01pm Feb 4, 2007 6:15am | Edited 4:01pm
I use a broker that don't widen his spreads during news.
It's a Suisse broker so in Suisse you're safe for taxes also.

The broker is {link removed, see rule #3}
Good service and doesn't widen the spreads.
  • #20
  • Feb 10, 2007 6:42pm Feb 10, 2007 6:42pm
As you might know Futures commission merchants (FCMs, all US forex brokers) must file monthly financial reports with the CFTC's Division of Clearing and Intermediary Oversight within seventeen business days after the end of the month. Here is the report for November 2006.
It gives some insight into the amount of capital each broker has and therefore it is directly related to the liquidity it can provide.

(All Data was obtained from the CFTC website)
Attached File(s)
File Type: zip FCM_data_1106.zip   15 KB | 579 downloads
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