Enhance Your Forex Strategy with Best TradingView Brokers
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Charting platforms like MT4 and MT5 are some of the most popular across many financial instruments. Yet, despite their popularity, they are inherently dated and aren’t suitable for the modern-day trader; this is where TradingVIew comes in.
The user experience of this innovative charting service is unparalleled and only matched by a few.
Since there are a limited number of TradingView brokers, we’ve created this guide covering the five best options based on regulation, fees, conditions, tradable markets, and payment methods.
This article also covers the immense benefits of using this trading software and the costs involved. In the end, we’ll also answer some frequently asked questions about TradingView brokers. So, without further ado, let’s get started.
Top 5 TradingView Supported Brokers
Oanda – Best Overall
Founded: 1995
Location: USA
Currency Pairs: 70
EURUSD Spread: 1 pips
Leverage: Up to 1:50
OANDA’s partnership with TradingView was an inevitable match. The American-based broker aims to combine TradingView’s powerful charting and analytical tools with their own transparent pricing, speedy execution, expansive market selection, and all-around user-friendly products.
For OANDA’s efforts, they were awarded by TradingView’s community for ‘Best Forex And CFD Broker Licenses’ and ‘Most Popular Broker’ in 2020.
OANDA is primarily a US-based derivatives broker with additional offices in Australia, Singapore, Japan, the United Kingdom, and Canada. Aside from offering 68 forex markets on standard and fixed spread accounts, you can also trade equities, indices, commodities, metals, and Bitcoin.
Traders can open their accounts in USD, EUR, SGD, and SGD. While OANDA provides other platforms, TradingView remains the best option for deriving the best user experience with the brokerage.
Pros
- Multi-regulated
- No minimum deposit
- Accepts US clients
- Fixed spread account provided
- Several base currencies to open trading accounts
- Costless payment options are available
Cons
- Limited account selection
- High withdrawal fee for bank transfers
- Inactivity fee applies
Read more about Oanda in this review
FXCM – Offers A Free TradingView Pro For One Plan
Founded: 1999
Location: UK
Currency Pairs: 40
EURUSD Spread: 1.3 pips
Leverage: Up to 1:400
Forex Capital Markets, or FXCM, has had a tumultuous history since its inception in 1999 through defrauding, bankruptcy, and bailout sagas. Yet, despite all these low points, FXCM still stands as one of the most popular CFD brokers in crypto, forex, commodities, stocks, and indices.
You can expect enhanced execution, world-class technological products, and strong capitalization from this financial services provider. FXCM was previously listed on NASDAQ as a publicly-traded entity and is now a subsidiary of the American investment bank, Jefferies Financial Group.
The broker has offices in Israel, Canada, Hong Kong, Cyprus, the United Kingdom, Australia, and South Africa, with regulatory licences from the latter four.
FXCM is perhaps one of the few TradingView brokers presently offering a promotion where new and existing users can receive the Pro package by funding a specified minimum deposit (varies by country; Ts & Cs apply).
Pros
- Regulated in multiple regions with several global offices
- Offers a wide range of markets
- Transparent on execution and liquidity providers
- Extensive selection of funding and withdrawing methods
- Presently offers a free TradingView Pro plan for one year
Cons
- Inactivity fee applies
- Only provides one type of account
Read more about FXCM in this review
Capital.com – Excellent Educational Content
Founded: 2016
Location: UK
Currency Pairs: 140
EURUSD Spread: 0.8 pips
Leverage: Up to 1:500
Capital.com’s partnership with TradingView was inevitable, as the two brands excel in financial, AI-driven technology. Despite only being founded in 2016, the broker has bagged multiple awards and provides services to thousands of active clients globally.
Capital.com has offices in Gibraltar, Belarus, the United Kingdom (headquarters), Cyprus, and Australia, with regulatory licences from the last-mentioned three. As a trader, you can speculate and invest in forex, digital currencies, shares, commodities, indices (spread betting available on some markets).
This selection includes over 4000 markets in total, all tradeable with tight spreads/commissions, fee-free deposits and withdrawals, fast order execution, and high-security standards.
Capital.com particularly shines in its extensive educational content consisting of well-curated guides, courses, and explainers in various financial instruments, along with up-to-the-minute market news.
Overall, Capital.com is one of the freshest TradingView supported brokers.
Pros
- Regulated by the FCA, ASIC, and CySEC
- Provides expansive educational content and trading guides
- Fee-free deposits and withdrawals
- No inactivity fee applies
Cons
- Limited funding methods
- Quite restricted maximum leverage
Tickmill – Low Trading Costs
Founded: 2014
Location: UK
Currency Pairs: 62
EURUSD Spread: 0.1 pips
Leverage: Up to 1:500
Since 2014, Tickmill has been about ‘thinking low’ where most ‘think big’ in forex, cryptocurrencies, oil, metals, bonds, and indices trading. By ‘thinking low, traders can expect cost-effectiveness across their spreads/commissions.
Tickmill is a fairly recent integration to TradingView, as the news was announced in April 2021.
In keeping with the premise of minimal costs, no commissions apply when funding or withdrawing with their three available options; VISA/Mastercard, Skrill, and bank wire.
The broker provides standard, fixed spread, and VIP accounts. Tickmill is regulated by the leading regulators in South Africa, Malaysia, Cyprus, and Seychelles, United Kingdom, with offices in the latter four and Estonia.
For new clients wanting to test Tickmill risk-free, the broker provides a $30 no welcome deposit bonus (not available in all countries).
Pros
- Reasonable trading costs
- Regulated in a few regions
- Provides several account types
- $100 minimum deposit
- Traders can open their accounts in USD, EUR, and GBP
- Provides $30 no-deposit welcome bonus for new clients
Cons
- Not many other instruments aside from currencies
- Limited funding avenues
Read more about Tickmill in this review
Global Prime – Transparent ECN Trading Conditions
Founded: 2010
Location: Australia
Currency Pairs: 48
EURUSD Spread: 0.1 pips
Leverage: Up to 1:100
Global Prime is an Australian-based ECN securities broker with regulatory licenses from ASIC (Australia), VFSC (Vanuatu), and FSA (Seychelles). The brokerage prides itself on employing an ethical non-dealing desk, STP execution model, offering full transparency via trade receipts for every order.
Global Prime sources institutional-grade quotes from tens of tier-1 banks and market makers with aggressive pricing, low-latency quick execution for all their financial instruments.
Markets-wise, clients can trade hundreds of derivatives in forex, crypto, stocks, bonds, and commodities using all trading styles. Another benefit of Global Prime is the broker provides several e-wallet and card options for depositing and withdrawing, allowing users to fund in USD, AUD, GBP, EUR, SGD, and CAD.
Ultimately, Global Prime is one of the few TradingView brokers focusing on providing the fairest and most transparent conditions for retail and institutional traders alike.
Pros
- ASIC-regulated
- Been in business for over a decade
- No deposit/withdrawal fees
- ECN broker providing transparent trade receipts
- Traders can fund in 6 base currencies
- Provides a broad range of payment methods
Cons
- Limited leverage overall for all their provided instruments
- High margin stop/call percentages
- $200 minimum deposit
What is TradingView?
TradingView is a supercharged online trading charting platform and social network founded by Denis Globa, Stan Bokov, and Constantin Ivanov in September 2011. The US-based service was previously entirely browser-based but recently introduced desktop versions for Windows, Mac, and Linux users.
Moreover, there are mobile apps on Android and iOS operating systems. When it comes to aesthetics and charting responsiveness, TradingView is among the best.
Everything is a breeze on TradingView, from opening and adjusting charts, making watchlists, plotting objects, shortcuts to icon clicking, data loading speed, and trade execution. TradingView is where millions of traders and investors chart, conversate, and trade the markets.
Users have access to a wide range of measuring and trend line tools, text functions, built-in patterns, shapes, indicators, and zooming capabilities, all of which are super-responsive and painless to use with the mouse.
TradingView is data-rich, sourcing real-time prices from +90 stock and futures exchanges, +40 crypto exchanges, and +10 forex brokers.
Instruments-wise, you can trade equities, futures, forex, cryptocurrencies, indices, and several other unique CFDs. Below are the main technical features of TradingView:
- 12 chart types
- Up to 8 charts per tab
- +100 built-in popular indicators (+100 000 custom indicators)
- +50 drawing tools
- +100 fundamental fields and ratios on specific markets
- Custom time-frames (down to seconds and range bars; available only on premium packages)
- Volume profile indicators (only available on a paid plan)
- Multi time-frame analysis
- Stock, forex, and crypto screeners
- Bar replay function (only available on the paid plans)
- Indicator template saving
- Autosaving functions
- Alerts on strategies, indicators, and price
- Watchlists
- Symbol comparing
- Extensive historical data
- Live streaming platform and social network
- Server-side alerts
How much is TradingView?
As a sophisticated charting platform, there is a premium to using TradingView. The basic package has several restrictions, like the frequent pop-up ads that affect the user experience.
Presently, there are three paid plans with the service; Pro, Pro+, and Premium, each costing a monthly fee of $14.95, $29.95, and $59.95, respectively. The plans work out about 15% cheaper if paid annually with Pro at $155, Pro+ at $299, and Premium at $599.
There are three methods for receiving a cheaper deal on any of these plans. Firstly, TradingView regularly offers discounts of up to 30% or so, particularly for newer users. Another avenue is by referring friends who’ve never used the platform to sign up for a paid plan.
Lastly, as mentioned in a previous section, FXCM is one of the few TradingView supported brokers providing the Pro plan free for a year with a specified minimum deposit (may not be available in all countries).
The packages differ primarily on the maximum number of indicators you can use per chart, chart windows, custom intervals and indicators, server-side alerts, etc. Below is a breakdown of the features available on each package.
How to connect broker to TradingView
To use any of the TradingView brokers requires one to first create an account directly with the brokerage in question. For the demo, you don’t need to be on any plan. However, for live accounts, clients will need the Pro plan or better.
Once you have the necessary account credentials, you can follow these steps:
- Open any chart window on TradingView.
- Select ‘Trading Panel’ in the bottom menu.
- At this point, expand the panel to view all the available TradingView supported brokers.
- You would then select your desired choice and click ‘Connect.’
- A new page should pop up, prompting you to enter the account credentials created beforehand.
- Your browser should redirect you back to TradingView after having confirmed a live connection. A successful connection displays with a green light next to your broker’s name in the trading panels section, where you should see your account balance, account summary, margin, etc.
Factors to consider when observing TradingView brokers
Although there are a limited number of TradingView supported brokers, there are some aspects to consider for each of them:
Look for trusted and regulated brokers
Regulation is usually the first thing any trader or investor observes with any company; TradingView brokers are no exception.
The proper supervision is crucial considering most financial instruments like forex, cryptocurrencies, and other CFDs are decentralized, unlike traditional exchange-traded markets like stocks and futures.
Each broker will be regulated by the primary securities regulator from a particular country covering a specific region. Regulatory bodies from certain jurisdictions are considered more trustworthy due to their strictness than others. These include (but are not limited to):
- ASIC (Australian Securities and Investments Commission)
- CFTC (Commodity Futures Trading Commission – covers America)
- CySEC (Cyprus Securities and Exchange Commission – covers much of the EU as well)
- FCA (Financial Conduct Authority – covers the UK)
Other watchdogs from European, North American, and Asian regions are also held in high esteem, though many brokers often have licenses from any of the previously listed regulators.
Consider the broker’s trading costs
Once sufficient regulation has been considered, costs are typically the next factor to observe. The main fees encountered with most brokers are spread/commissions, deposit/withdrawal fees, conversion fees, and inactivity fees.
- Spreads/commissions: Fortunately, spreads and commissions have become relatively consistent across the board. Hence, one shouldn’t observe any noticeable discrepancies in this regard.
However, if you speculate on less-traded markets (e.g., exotic pairs with forex), you’ll probably have to compare across the TradingView brokers to find the best deal.
Fees may also vary depending on the type of account. For instance, TradingView supported brokers could provide a fixed or zero spread account with lower spreads and fixed commissions per lot.
So, in this scenario, you’d need to make a thorough comparison based on the derivatives you wish to trade.
- Deposit/withdrawal fees: Generally, most TradingView supported brokers don’t levy any fees for funding and withdrawing. Yet, the costs may vary noticeably if you’re using bank wire transfers.
Hence, the simplest solution is depositing and withdrawing using a VISA/Mastercard or any of the numerous e-wallet services available (Neteller, Skrill, etc.)
- Conversion fees: These are usually not explicitly mentioned by brokers, though customers should be aware of them.
Of course, the easiest way to avoid these is ensuring one funds with the same currency their account will be denominated in. Moreover, you may prefer TradingView supported brokers providing as many base account currencies as possible to fund and withdraw.
- Inactivity fees: Some brokers charge these for a fixed period where traders have not performed any activity to their accounts. So, clients need to think about potential scenarios where they may need to close their accounts or ensure they are doing something to maintain their active status.
Observe the minimum deposit requirement
Some brokers inherently provide a high barrier to entry by having a high deposit minimum, alienating a large portion of potential clients who cannot fund above a few hundred dollars.
Therefore, the lower, the better. Ultimately, each client looks at their pocket and should have the privilege of investing as little as possible with any broker.
Explore the broker’s range of tradable markets
In this regard, the more, the better. Customers will prefer brokers with as many instruments under one roof for convenience. Using one broker with all your desired markets increases familiarity and consistency.
Find out the customer support options available
No broker is complete without adequate customer service channels. The most important is having a consistently functioning and responsive live chat during working hours.
Live chat is the quickest method to contact any broker, saving ample time and fixing most customer queries without speaking to anyone. Other must-have beneficial support avenues include phone, email, and even instant messaging platforms like Viber, WhatsApp, and Telegram.
Do I need a broker for TradingView?
The question Is TradingView a broker is a typical query from traders investigating the site. No, is the response. Additionally, you don’t need a broker to use this platform. You can analyze charts and execute trades straight from the platform’s ability to integrate with various other trading platforms. It provides access to an array of assets, including equities, FX, ETFs, commodities, and cryptocurrencies. But it’s crucial to note that you can only trade the markets provided by your trading view supported broker. Selecting an adviser who supports the asset you wish to trade is essential.
Does TradingView support backtesting for forex?
It has two backtesting modes and is easy to use by simplifying or developing new trading strategies and algorithmic solutions. Traders can backtest their Forex trading strategies on paper before connecting to TradingView interactive brokers for live trading and taking on risk.
Traders must choose a beginning point before pressing “Play” to launch the trading simulation. Except for Forex, where the order volume is 1,000 units, traders cannot change the default value of the buy and sell buttons, which are set to 1.0. If you open and close at least one position during the simulation, the trading results will appear in a pop-up window afterward.
TradingView Brokers FAQ
Can I link TradingView to my broker?
You can only do this if it’s already integrated with TradingView. You can see the list of all TradingView supported brokers on the platform’s website.
How can I get TradingView for free?
Based on our research, FXCM is presently the only broker providing a paid plan (Pro) with TradingView for free for one year. You’d need to fund a particular minimum amount and adhere to other terms and conditions depending on your country of residence.
Alternatively, keep your eye on TradingView’s discounts which they provide pretty regularly. While a free plan is available for anyone, the experience is not so pleasant because of the frequent pop-up ads, and many of the powerful tools aren’t available.
Is TradingView good for trading?
Absolutely, TradingView ticks all the boxes for aesthetics, data richness, and technical capabilities.
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