Hi all. I probably have a feeling that this topic was discussed to death. I've seen some topics about it around here. Anyway, forgive the newbie for creating one more thread like that but I really needed to because I couldn't find the answer I was looking for.
So long story short, I'm looking for a broker that would be suitable for news trading. I know most of the retail brokers are not the best when it comes to news trading but if you are news trader and if you had experience with a handful of brokers, out of all, which would be the best for the news? Or the least terrible?
And here is what I'm looking for a broker. Starting from most important.
1. Smooth platform functioning before and during the news. No freezing, crashing or other crap. This is critical. I consider freezing for couple of secs to 10-15 normal but freezing just before and during the news for couple of minutes is not acceptable. Maybe for extremely volatile and important news like interest rate decision but not for economic indicators like CPI, Retail sales, Trade balance, GDP etc.
2. No or minimum re-quotes.
3. Preferably ECN/STP with deep liquidity. Not shitty in disguise MM. The only exception would be a really good, I mean flawless MM that doesn't play any tricks with re-quoting, constant negative slippage, intentional spread widening etc.
That's it. That's all I need.
Also, I do have my own list of brokers which after doing lots of research, made me think opening account with them. The list would be: Dukascopy, Pepperstone and maybe IC Markets. Although I'm not sure about the last one cause lately I've seen some really bad reviews. There's also LMAX and IB which I heard are quite good but the minimum deposit is like 10k which I cannot afford right now.
Anyway, if you have experience with any of the brokers mentioned above, I'd love to hear your thoughts. And if you have your own recommendation, I'd love to hear that as well.
Thank You.
So long story short, I'm looking for a broker that would be suitable for news trading. I know most of the retail brokers are not the best when it comes to news trading but if you are news trader and if you had experience with a handful of brokers, out of all, which would be the best for the news? Or the least terrible?
And here is what I'm looking for a broker. Starting from most important.
1. Smooth platform functioning before and during the news. No freezing, crashing or other crap. This is critical. I consider freezing for couple of secs to 10-15 normal but freezing just before and during the news for couple of minutes is not acceptable. Maybe for extremely volatile and important news like interest rate decision but not for economic indicators like CPI, Retail sales, Trade balance, GDP etc.
2. No or minimum re-quotes.
3. Preferably ECN/STP with deep liquidity. Not shitty in disguise MM. The only exception would be a really good, I mean flawless MM that doesn't play any tricks with re-quoting, constant negative slippage, intentional spread widening etc.
That's it. That's all I need.
Also, I do have my own list of brokers which after doing lots of research, made me think opening account with them. The list would be: Dukascopy, Pepperstone and maybe IC Markets. Although I'm not sure about the last one cause lately I've seen some really bad reviews. There's also LMAX and IB which I heard are quite good but the minimum deposit is like 10k which I cannot afford right now.
Anyway, if you have experience with any of the brokers mentioned above, I'd love to hear your thoughts. And if you have your own recommendation, I'd love to hear that as well.
Thank You.