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News Trading - Best Broker?

  • #1
  • First Post: Jul 6, 2010 9:24am Jul 6, 2010 9:24am
Can anybody refer me to the best broker for news trading. I'm with FXPro and their execution sucks, with requoting and slippage...

I need fast execution...

Thanks
  • #2
  • Jul 6, 2010 9:38am Jul 6, 2010 9:38am
I just opened a thread on this broker - amifx.com to gather live feedbacks. I've been testing them for over a month and last week was a good test during the huge spikes. Their spreads remained constant despite huge movements, and I was able to hit my entry and targets fine. Not sure about the live, but the other demos I had showed widening spreads typical of the given platform. Their FAQ addresses news trading also and how it avoids those spikes since they are STP. Good Luck, and if you happen to find more, please share it.
  • #3
  • Jul 6, 2010 9:46am Jul 6, 2010 9:46am
Quoting pinoyboy
I just opened a thread on this broker - amifx.com to gather live feedbacks. I've been testing them for over a month and last week was a good test during the huge spikes. Their spreads remained constant despite huge movements, and I was able to hit my entry and targets fine. Not sure about the live, but the other demos I had showed widening spreads typical of the given platform. Their FAQ addresses news trading also and how it avoids those spikes since they are STP. Good Luck, and if you happen to find more, please share it.
Nice spreads are one thing, but live trade execution at those prices you see is another thing entirely. If you want to trade news (which he said he does, I'm sure with autoclick software) the key is getting execution at those wonderful prices, and that is difficult to say the least at ANY broker.

Sorry, but you simply aren't going to find a broker that's going to give you nice, profitable order fills at news consistently (if at all). That used to be the case with many brokers, but I'm afraid those days of easy money are long gone. It can still be done from time to time, but it can be and usually is very tough these days...
  • #4
  • Jul 7, 2010 4:06am Jul 7, 2010 4:06am
News trading is one of the toughest forms of trading which requires you to remain on your toes all the time. However, with the the arrival of online trading platforms it has become significantly easier to trade news. I would suggest you to go with new brokers such as AVAFX or 10Pips. New traders come up with newer ideas to trade news which has helped me to a great extent.
  • #5
  • Jul 7, 2010 6:36am Jul 7, 2010 6:36am
Quoting Mike Evans
News trading is one of the toughest forms of trading which requires you to remain on your toes all the time. However, with the the arrival of online trading platforms it has become significantly easier to trade news. I would suggest you to go with new brokers such as AVAFX or 10Pips. New traders come up with newer ideas to trade news which has helped me to a great extent.
I have read to many complains about AVAFX. Canceling winning trades, not paying out withdrawals. Is this true? To many negative comments @ forexpeacearmy.

Any comments?
  • #6
  • Jul 7, 2010 7:15am Jul 7, 2010 7:15am
If you're serious about trading New Releases, then you should look into a broker that requires a Prime Brokerage account. You'll get better feed, competitive pricing, stable platform, and access to the real interbank market. The only problem ... it's gonna cost ya.

Market Makers and low level ECN brokers are not suitable choices for news trading. I guarantee, using those brokers, you'll loss more than you win.
  • #7
  • Last Post: Jul 23, 2010 9:53am Jul 23, 2010 9:53am
you're better off with an ECN, such as FX Open MT4 ECN or Dukascopy ECN
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