Forex trading has become increasingly popular over the last few years thanks to its vast liquidity and 24/7 trading cycle. Unlike traditional markets, the forex market is constantly moving and this speed can offer increased rewards.
Of course, bigger rewards often mean greater risks and this makes having the right information absolutely crucial.
Good charting software can make all the difference, and when you can integrate that software with your chosen broker or trading platform, it can supercharge the benefits you see.
Why Use TradingView
There are dozens of charting tools on the market now. In fact, with time and patience, you can create your own charts manually. Of course, the right tools make it far easier and reduce the likelihood of human error leading to losses.
TradingView is highly regarded by forex and stock brokers across the world because of the varied and highly accurate data it provides, as well as the uniquely customizable nature of its charting options.
As a result, many brokers have allowed TradingView to integrate with their platform directly, and this compatibility makes for a seamless experience that takes the strain out of staying in the loop. Its multi-chart function can be particularly useful for experienced traders trying out advanced strategies.
Forex Brokers That Support Trading View
Forex may be an international market, but not all forex brokers are active across the world and not all brokers have the same software compatibility. We have taken the liberty of compiling a list of four reputable brokers that accept US forex traders as clients and work with TradingView. They are:
- Pepperstone
- Vantage
- FXCM
- Forex.com
These forex brokers are not only open to US clients; they are compatible with TradingView and have reasonable minimum deposit requirements, making them accessible to traders of all experience levels and budget ranges. Of course, these are not the only options out there; choosing a broker is a personal and important step in your trading journey. It’s key you make the best choice for your needs.
How To Choose The Right Broker For You
A broker that accepts US clients and uses TradingView is a good start, but there are a few things you should consider before you choose a broker to work with. When choosing a broker, you should consider the following factors carefully:
- Regulatory compliance
- Safety of funds
- Third-party reviews
- Broker type (dealing desk or ECN)
- Brokerage fees
- Commissions
- Spreads (fixed or non-fixed)
- Ease of deposit and withdrawal
- Instruments on offer
These are the basics; there is so much more to consider. For example, if you are a beginner, choosing a broker that has educational resources or supported trading options on offer can be highly beneficial. This is one of the most important choices you will make, so take your time and consider what you really need before taking the leap.