Best Forex TradingView Brokers

TradingView is one of the most popular online stock charting platforms globally. Such popularity was achieved in just a few years, as it was created in 2012 by veterans of the charting market.

Five years after its launch, it already had more than 2,900,000 users from all countries of the world and a great activity in its traders’ communities. 

The recognition and popularity of Tradingview motivate brokers to establish strategic alliances with this platform. We may not have noticed, but TradingView technology is used by an increasing number of brokers and trading companies.

For all that we mentioned above, it is essential to know the best Forex brokers that can be found within TradingView and talk in detail about each of them. 

This article is focused on summarizing all the essential features that have the best brokers allied with TradingView. We will talk about how they are regulated, commissions, spreads, deposits and withdrawals, leverage, and more.

Top 4 Forex Brokers with TradingView Platform

Broker	Founded	HQ	Regulations	Platforms	Markets	Deposit from	Leverage up to	Website
	1995	USA	CFTC, NFA, IIROC, FCA, ASIC, MAS	MT4, Oanda Trade, TradingView	Forex, Indices, Commodities, Bonds, Metals	$0	1:50	visit
	1999	UK	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader, ZuluTrade, TradingView	Forex, Indices, Commodities, Stocks, Crypto	$300	1:400	visit
	2016	Cyprus	FCA, ASIC, CySEC	MT4, TradingView	Forex, Indices, Commodities, Shares, Crypto	$20	1:500	visit
	2006	Ireland	CBI, ASIC, IIROC, BVIFSC, FSA	MT4, MT5, AvaTrade Go, TradingView	Forex, Indices, Commodities, Options, Bonds, ETFs	$100	1:400	visit

OANDA

Elected by TradingView as the Best Forex Broker and the most popular one of the year 2020, OANDA is one of the brokers with the most extended history and prestige in Forex. OANDA is a broker and a well-known company that offers solutions for other companies and currency conversion.

Is it safe to operate with OANDA?

OANDA is an online broker with a long history and experience in Forex since 1995. It belongs to the OANDA Corporation group, which has subsidiaries worldwide (Singapore, Japan, Canada). In Europe, it operates under the company OANDA Europe Limited based in London.

The regulation and security of this broker were always up to par. Today it is regulated in:

• United States: NFA (0325821), CFTC
• Europe: FCA (UK) (542574)
• Canada: IIROC
• Asia: Singapore (CMS100122-4)
• Japan: FSA of Japan
• Australia: ASIC

Regulator agencies assure us that funds will be safe in case of any problem with the broker. Depending on the agency, they can ensure our funds at different maximum levels, usually up to $20,000 or $50,000.

In Europe, OANDA clients’ funds are held in bank accounts segregated from the broker itself. As a result, they cannot be used or seized in the event of the company’s bankruptcy.

Minimum deposit and withdrawal methods

Making deposits is easy. We have the usual methods such as debit and credit cards and bank transfers. You can also use Skrill and Neteller.

Credit and debit card deposits will be reflected in your account in a maximum of one business day. To withdraw the money, you must do it the same way you made the deposit. For example, if you used Neteller to deposit, you must withdraw by this same application.

There is no minimum deposit to start investing. You can open your account for $1, and there is no minimum lot size either. You can trade micro-lots or even units of each trading instrument from the fxTrade platform.

How many currency pairs are there in OANDA?

With this broker, you will find 45 Forex pairs, including the most popular ones —  EURUSD or USDJPY. 

Commissions and spreads

OANDA has a floating spread policy, which translates into reducing costs when the market is calm and widening of the spread when volatility increases. To check how spreads work, the broker provides a tool to verify the historical evolution in all the currencies that can be traded.

For those traders looking for quiet operations of medium or long term, OANDA charges for the maintenance of open trades, something logical since we are working with borrowed money. The commission for this type of operation varies according to the currency pair on which we are trading. The broker makes available to traders a calculator in which to assess the cost of maintaining an open operation.

Leverage

The leverage offered by OANDA will depend on the jurisdiction we are operating.

In the United States, we will be able to trade Forex pairs with a maximum leverage of 50:1. In Europe, we will trade with a maximum of 30:1. Thus, if you live in Latin America, you can open an account with the American affiliate and use the relevant leverage. If you are in Asia or Australia, you can open an account with the respective affiliates and enjoy higher leverage, up to 100:1.

FXCM

FXCM Broker is one of the pioneer brokers in the foreign exchange market. FXCM (Forex capital markets) has been offering investment services to both private and institutional clients for more than several years. It is a publicly traded company on the American market (NYSE). Its headquarters are located in London.

Is it safe to operate with FXCM?

FXCM is regulated by the American NFA (National Futures Association), the British FCA (Financial Conduct Authority), and the CNMV to provide investment services in Spain. FXCM has offices located in major financial cities, including Spain. Founded in 1999, it can be considered a broker that has been in the market for the longest time.

Minimum deposit and withdrawal methods

The FXCM Micro account allows forex traders to start their forex careers with a minimum deposit of $50. This means they cannot lose more than that as a result of trading. Unlike FXCM, which caters to all retail traders and institutions, FXCM Micro is clearly geared towards the new forex trader.

Traditional deposit and withdrawal methods such as credit, debit cards, wire transfer are available, as well as Skrill and Neteller platforms. It is important to note that this broker does not accept third-party payments.

How many currency pairs are in FXCM?

In this platform, you will find 39 currency pairs but the most important ones that are characterized by their high trading volume are: 

• EURUSD
• USDJPY
• USDCHF 
• AUDUSD 
• GBPUSD
• EURJPY
• NZDUSD
• AUDJPY
• EURCHF
• EURGBP

Commissions and spreads

FXCM’s commissions and spread will depend on the type of account you purchase when you start using the platform. For example, if you use the standard account, there will be no commission for entering trades, but you will have a slightly wider spread. On the other hand, if you purchase the active trader account where the spreads are tighter, you will be given discounts on the commissions for opening and closing trades.

Leverage

Leverage is adjusted according to the liquid value of your account as well as the region you registered. Australian (ASIC), European (CySEC), and UK (FCA) regulated territories offer a maximum leverage of 30:1 for major currency pairs and 20:1 for minor and exotic currency pairs.

Capital.com

Capital.com is an international broker operating from subsidiaries located in the UK, Cyprus, and Belarus. It has more than 360,000 traders and has processed over $13 billion in volume. In addition, it offers over 2,000 of the most liquid assets in five sectors, so it can be considered an attractive option for traders.

Is it safe to operate with Capital.com?

Registered with the FCA in 2017, Capital.com Investments Ltd has operated under the Cyprus Securities and Exchange Commission (CySEC) and is also licensed by the National Bank of the Republic of Belarus.

All client deposits remain fully segregated from funds in well-established European financial companies. Deloitte, one of the most well-known and respected financial auditors operating today, audits Capital.com’s accounts. In addition, all transactions adhere to data security standards.

The UK subsidiary’s traders’ portfolios are protected by the Financial Services Compensation Scheme (FSCS), up to £85,000.

Minimum deposit and withdrawal methods

Deposit and withdrawal options include bank transfers, debit/credit cards, Skrill, Neteller, Webmoney, among others. The minimum deposit is $20 or currency equivalent for all methods except for wire transfer, which is $250 or more.

Processing times depend on the payment provider. Capital.com notes two to three days for credit/debit card withdrawals, with instant online solutions execution. According to regulatory stipulations, the name of the payment processor and the merchant account must be identical.

How many currency pairs are in Capital.com?

At Capital, there are 135 currency pairs, the widest exposure available among the apps in the brokerage market. You can find exotic pairs such as the Mexican peso, the Belarusian ruble, the Hungarian forint, or the Thai baht, to name a few.

Commissions and spreads

Capital.com derives its revenues from the margins of 2,000 assets. As a result, commission rates are only applied to leveraged positions, representing a competitive offering with no additional costs.

Leverage

The maximum leverage for retail traders, as stipulated by EU regulations, is 1:30. The Belarusian subsidiary offers traders a more generous trading environment of 1:100. If you have additional specific requirements, they also provide a professional account with a leverage of up to 1:500.

AvaTrade

AvaTrade is a brokerage house founded in 2006. It was one of the first major brokerages in the retail Forex/CFD field, so it has a long history. Although they are headquartered in the Republic of Ireland, they have a corporate structure composed of several entities that coincide with their regular regulated trading hubs: 

• Australia
• Japan
• South Africa
• The British Virgin Islands 

Is it safe to operate with AvaTrade?

AvaTrade’s regulation in both Ireland and Australia provides its clients depositing in either jurisdiction with a degree of money protection. For example, the Investor Clearing Company in the Republic of Ireland has account protection up to €20,000. 

AvaTrade clients trading through the AvaTrade EU Ltd branch automatically receive negative balance protection. In any case, all AvaTrade clients worldwide, whether regulated by the European Union or not, have the same protection beyond the legal requirement. 

As of February 2020, they achieved regulation by the Abu Dhabi Financial Services Regulatory Authority. As a result, AvaTrade is the first Forex broker to receive a 3A license in Abu Dhabi, offering retail and professional trading services.

Minimum deposit and withdrawal methods

AvaTrade requires a minimum deposit of at least $100. They do not impose additional fees on any deposits or withdrawals beyond the regular commissions.

They also support a wide range of deposit and withdrawal methods. The most notable channels are Neteller, Skrill, and MoneyBookers. Major credit cards and bank transfers are also accepted.

In practice, withdrawals must be made through the same channels as deposits, which almost all retail forex brokers commonly apply. 

Some clients have reported that AvaTrade is a bit slow in processing withdrawals. However, the reported delays are slight. And, more importantly, it seems clear that AvaTrade is just being careful to respect its obligations under anti-money laundering laws.

How many currency pairs are in AvaTrade?

AvaTrade offers more than 55 currency pairs, including exotic currencies.

Commissions and spreads

AvaTrade’s fees are competitive for all the clients who meet minimum deposit requirements and those who deposit more significant amounts.

AvaTrade does not charge commissions for opening and closing a trade. Therefore, the spread for trading the EUR/USD forex currency pair is 0.9 pips. Moreover, this spread is even more competitive for the lower minimum deposit of $100. 

It is important to note that this broker imposes an account inactivity fee of $50 per quarter.

Leverage

The maximum leverage offered by AvaTrade is 400 to 1. Still, if the accounts are registered in the European Union, a regulation applies that imposes a legal maximum of 30 to 1.

Conclusion

It is best to do thorough research before making any investment. It is essential to take into account all the aspects before placing money with a broker. 

No doubt, a broker’s compatibility with the popular and convenient TradingView platform can be a valid reason to give your preference to a particular brokerage.

In this detailed article, we have analyzed the different key points of the best TradingView brokers.