Millions of traders rely on TradingView's brokers' advanced charting capabilities, making it a favorite among technical analysis enthusiasts. This trading platform technology is widely used across various asset classes and has gained immense popularity, with "50M highly engaged users a month," as the TradingView brokers website claims.
Many forex brokers have adopted it worldwide. If you've decided to utilize TradingView brokers for your trading, charting, and technical analysis requirements, selecting a reputable forex broker that supports integration with the platform is essential.
This comprehensive guide will aid you in choosing the best forex broker while addressing frequently asked questions about TradingView's brokers' features and functions.
>> Interactive Brokers: Best TradingView Broker >>
5 Best TradingView Brokers
Interactive Brokers – Best TradingView Broker Overall
eToro – Best for Cryptocurrency Trading
Tickmill – Best for Futures Trading
OANDA US – Best for Professionals
Skilling – Best App for Mobile Trading
Interactive Brokers – Best TradingView Broker Overall
Interactive Brokers (IBKR) distinguishes itself as a premier brokerage, delivering diverse services at competitive rates. Its strengths lie in providing various asset types sourced from global exchanges and multiple trading platforms catering to novice and experienced traders.
Due to its user-friendly nature, the IBKR Global Trader app appeals to newcomers who wish to engage in stock, ETF, options, and cryptocurrency trading. Conversely, seasoned traders can leverage the advanced features offered by Trader Workstations to their advantage.
It’s vital to consider certain limitations. The procedure for opening an account can be quite time-consuming and somewhat burdensome. Individuals new to trading might find some trading platforms excessively complicated, and customer service can occasionally be overwhelmed.
In summary, IBKR remains our top choice regarding brokerages, securing the highest rating. It primarily caters to traders in search of comprehensive market accessibility and a sophisticated trading atmosphere.
Pros
- Designed for professional traders
- Diverse array of global markets
- Extensive and thorough research resources
Cons
- The Trader Workstation platform may prove too complex for novice traders
>> Consider Interactive Brokers >>
eToro – Best for Cryptocurrency Trading
If you have an interest in trading cryptocurrency, eToro is a reliable option that the UK FCA, CySEC, ASIC, FINRA, and FSA Seychelles regulate. Recently, eToro's platform incorporated TradingView charts into its system, affirming its position as the largest copy trading platform worldwide.
eToro offers the opportunity to invest in 73 different cryptocurrencies. The prices displayed on their platform include a 1% fee. Besides cryptocurrencies, they provide users with a Crypto Wallet and staking services.
The collaboration between eToro and TradingView enhances the charting capabilities of the platform. Users can access 100 indicators, 90 drawing tools, and various charts. It's not limited to just cryptos, eToro allows you to trade stocks, indices, and commodities.
eToro offers a feature called copy trading that enables you to follow and imitate successful strategies experienced traders employ.
Pros
- User-friendly eToro proprietary platform
- Incorporates TradingView charting features
- Includes eToro Crypto Wallet
- Enables crypto staking
Cons
Features of TradingView through the eToro platform
Tickmill – Best for Futures Trading
Tickmill's TradingView forex broker package may be the perfect choice if you're a trader looking to get into futures trading. Established in 2014, Tickmill is overseen by regulatory bodies such as the UK FCA, CySEC, DFSA, FSCA, and Labuan FSA.
With an array of trading tools and platforms and an extensive selection of live webinars and educational resources, Tickmill stands out as a top broker worth considering.
Through its FCA-regulated entity, Tickmill offers clients access to the TradingView platform for trading on over 85 across various exchanges, including CME, NYMEX, COMEX, CBOT, EUREX, and ICE.
TradingView Forex Broker provides ample educational materials and videos that cover topics like trading futures and setting up your account effectively.
We discovered that Tickmill goes beyond by providing traders with an extensive selection of over 635 financial CFD instruments encompassing forex, stocks, indices, commodities, and bonds.
These opportunities can be accessed through the user-friendly MT4 and MT5 trading platforms. Regarding fees, our live analysis revealed that the spread for EUR/USD typically averages at 1.6 pips during London and New York sessions.
It’s important to note that this average is slightly higher than the industry norm of 1.0 pips for commission-free trading accounts.
Pros
- Aaccounts for beginners and advanced users
- Over 85 futures available for trading
- Live webinars
- Comprehensive educational materials
Cons
- Trading futures requires a learning curve
OANDA US – Best for Professionals
With over 25 years of expertise, OANDA stands as a trailblazer in the forex industry. OANDA's US entity is among the few brokers that offer US residents access to the spot forex market. The barrier to entry is set low, with a minimum deposit requirement of $0, while their selection of platforms and tools is unparalleled.
OANDA Corporation has obtained registration from the Commodity Futures Trading Commission (CFTC) and membership with the National Futures Association (NFA), known for being two of the world's most rigorous regulators.
OANDA stands out in the platforms category with a wide array of proprietary and third-party choices. Traders can select from the OANDA Web platform, MetaTrader 4, TradingView brokers, and the OANDA mobile app. After conducting our assessment, it became evident that this diverse range of platforms can cater effectively to both beginners and experienced traders.
Currently, customers in the United States can trade 69 currency pairs. US traders can trade popular pairs such as EUR/USD, more volatile minor pairs like GBP/JPY, and exotic pairs like TRY/JPY. Clients also can trade eight popular crypto assets through a separate account.
Pros
- Variable contract sizes, starting as low as 1 unit
- High-quality research and educational resources
- Dependable customer support
Cons
- US clients don’t benefit from negative balance protection
Skilling – Best App for Mobile Trading
Skilling emerges as one of the most highly regarded TradingView brokers due to its low fees. Traders who open a standard account enjoy commission-free access to all tradable markets, allowing them to engage with TradingView's offerings solely based on spreads. Skilling has gained considerable popularity for forex trading, boasting support for over 70 pairs.
Besides forex, Skilling also facilitates trading in indices, commodities, stocks, and cryptocurrencies. All these assets are traded as leveraged CFDs. The broker provides leverage of up to 1:30 on its standard account and offers negative balance protection. Skilling stands out with competitive spreads that begin at just 0.7 pips for significant forex pairs.
To get started with Skilling, traders must fulfill a minimum deposit requirement of €100 and can choose from various payment options such as debit/credit cards, e-wallets, and bank transfers. Notably, Skilling caters even to beginners by offering one of the best trading platforms for micro-lot trading, making it an attractive choice for those venturing into forex trading for the first time.
Pros
- Among the top brokers offering TradingView with low fees
- Zero commission and spreads starting from 0.7 pips
- Facilitates leveraged trading in stocks, crypto, indices, commodities, and more
- Micro-lot trading is available
Cons
- You’re required to deposit a minimum of €100
Our Ranking Methodology for the Best TradingView Brokers
In our pursuit of identifying the top brokers for traders who wish to use the TradingView brokers platform, we employ a methodology that combines quantitative data with the knowledge and experience of our experienced researchers.
Our evaluations thoroughly examine online forex brokerages, resulting in comprehensive research that spans extensive content and entails scrutiny from various international regulatory agencies.
Our assessment is based on factors, including the level of support provided by TradingView forex broker features. We explore the additional features that distinguish one broker from another.
To thoroughly assess TradingView brokers' platforms that run on browsers, we use the most up-to-date edition of Google Chrome on Windows 11 operating systems for desktop computers. We rely on MacBook Pro laptops that operate on macOS 12.5 for testing while on the move.
Furthermore, our evaluation also covers mobile devices. We conduct assessments using an iPhone XS with iOS 15 (for Apple) and Samsung Galaxy S9+ as well as a Samsung Galaxy S20 Ultra with Android OS 12 (for Android).
We emphasize that every piece of content on our website is meticulously created by our skilled writers, thoroughly verified by our research team, and carefully edited and published by experienced editors. Our approach remains firmly rooted in human effort, with generative AI tools completely excluded from our content creation and product testing procedures.
>> Interactive Brokers: Best TradingView Broker to Consider >>
Best TradingView Brokers – Buyer’s Guide
What Is TradingView?
TradingView brokers stand out as a widely recognized online platform worldwide for charting. It prides itself on its user-friendly interface, extensive range of charting capabilities, and bustling community of traders.
Traders using the platform gain access to both real-time and historical price data for almost every imaginable asset type, including major ones like stocks, cryptocurrencies, forex, and commodities.
The platform boasts impressive technical indicators, drawing tools, and charting styles. Many users use these features to create personalized charts that align with their unique trading strategies. These customized charts are available to all users at no cost or for a specific fee.
With over 50 million active users forming a lively community on TradingView brokers, there’s ample opportunity for individuals to engage with others to exchange insights and learn from each other's experiences. Features such as the video stream and live chat functions further facilitate this interaction among traders.
Do I Need a Broker for TradingView?
If you want to execute trades, track orders, and manage positions through the TradingView brokers platform, it’s essential to have a broker that supports TradingView brokers’ integration.
However, a connected broker may not be necessary if TradingView forex brokers are limited to conducting technical analysis, using charts, and seeking trading ideas from the community.
Connecting your TradingView broker platform with your forex broker is more practical. This way, you can quickly seize trading opportunities without switching platforms or dealing with unsupported brokers as an unnecessary obstacle.
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How Do I Connect a Broker to TradingView?
Connecting your TradingView forex broker is a straightforward process. However, it’s necessary to have an active trading account with a compatible broker that supports TradingView.
Log in to the TradingView forex broker web platform and access the chart view. From there, go to the Trading Panel section and choose your preferred broker (make sure you have an existing login for your broker account).
How Much Does TradingView Cost?
TradingView brokers provide users with a complimentary basic version of their platform and several paid options that offer enhanced versatility and an expanded array of features. The paid versions of TradingView include Pro, which begins at $14.95 per month; Pro+, priced at $29.95 monthly; and Premium, available for $59.95 monthly.
These upgraded plans have many advantages not accessible in the free version, such as increased customization options and a greater selection of indicators, charts, and saveable chart layouts. Additional benefits include a seamless browsing experience without any advertisements, the ability to set personalized time intervals, and alerts that don’t have an expiration date.
If you're not a dedicated TradingView user or a professional trader, the free version of the TradingView Brokers software should suffice perfectly.
Does TradingView Support Backtesting for Forex?
Indeed, TradingView brokers offer the ability to backtest strategies based on indicators through its Strategy Tester tab. This functionality presents a comprehensive overview of the backtest results, showcasing a performance summary and a record of trades that illustrate how the strategy would have performed over the specified time frame on the chart.
By default, users can access 23 pre-existing strategies and create their custom scripts or choose from scripts shared by TradingView's community.
If you're looking to backtest your trades, TradingView brokers offer that feature. However, we suggest using MetaTrader for more comprehensive backtesting, especially if historical data is important to you. With MetaTrader 5's Strategy Tester, you can conduct highly intricate backtests using advanced settings and benefit from support for multi-threaded backtests in 64 bits.
Should I Use TradingView Brokers?
TradingView brokers serve as a precious platform, enhancing that experience even further. By introducing the feature of trading real assets on this network, they streamline and enhance the investors' trading journey.
Discover the advantages of utilizing top-notch TradingView brokers:
- One of the best platforms for technical analysis: TradingView brokers cater to beginners and experienced investors, offering over 100 technical indicators, with additional ones created by the community. The platform also provides many drawing tools for added convenience.
- Adjust charts to your requirements: TradingView brokers offer a comprehensive range of features and allow users to customize data according to their preferences. Premium users can have multiple charts per tab with a dozen chart types available, including Renko, Point & Figure, and Kagi.
- Customized alerts: TradingView brokers enable users to set alert parameters based on crucial market changes. You can customize alerts to align with your preferences, whether volume, volatility, or ten other metrics. TradingView brokers ensure swift action if you need to open a position.
- A vast selection of markets is available: TradingView brokers provide extensive data for various markets, including stocks, futures, bonds, crypto, Forex, and indices. However, checking if your chosen broker supports the specific market you intend to trade is essential, as trading availability varies based on the broker.
- Get market insights from other users: With a community of millions of traders, TradingView brokers allow users to share insights, patterns, and valuable information. You can follow users whose strategies you appreciate to stay updated on their activity and gain valuable market insights.
What to Avoid When Choosing a Forex Broker With TradingView?
When selecting a forex broker, conduct thorough research and steer clear of brokers that display any warning signs:
- Unregulated brokers: These brokers operate without adherence to financial regulations, exposing your capital to potential risks as specific rules or guidelines don’t bind them.
- Lack of transparency: Brokers that lack transparency regarding their fees, trading conditions, or other crucial information raise concerns. This opacity may show an attempt to conceal important details.
- No live customer support: A broker's absence of live customer support can pose challenges when seeking assistance, particularly for novice traders who may require more guidance.
- Promises of unrealistic profits: Brokers making unrealistic promises often attempt to deceive you. In forex trading, there’s no genuine "get-rich-quick" scheme, making it advisable to steer clear of brokers making such exaggerated claims.
Best TradingView Brokers – Frequently Asked Questions
Is TradingView Good for Trading Forex?
TradingView broker is a highly effective platform for conducting technical analysis on forex pairs and uncovering technical trading opportunities shared within its community. Initially, TradingView was primarily focused on its charting and community features.
However, it has since expanded to include the comprehensive features and tools that one would expect from a full-service trading platform. More and more forex traders are drawn to using TradingView annually, while the number of forex brokers supporting the TradingView platform continues to grow steadily.
Is TradingView Free for Forex Trading?
Absolutely, TradingView broker comes at no cost as long as you're using it in conjunction with a broker that supports it. However, the features of TradingView offered by your broker will likely be restricted to those available on the platform's free version.
Does TradingView Take a Commission?
Given that TradingView is privately owned, the data provided on its website indicates that it doesn’t currently charge a commission. However, it's important to note that this might change. The main sources of revenue for TradingView are its subscription services and advertising.
Conclusion
In conclusion, the decision to find the perfect broker to enhance your TradingView experience is of utmost importance for traders in the ever-changing world of forex and financial markets. Our meticulous approach, based on data-driven assessments and insights from our knowledgeable researchers, has enabled us to identify the top brokers in the industry when it comes to TradingView.
These TradingView forex brokers provide a wide range of features and set themselves apart with additional capabilities that cater to traders' unique requirements.
Whether you prefer analyzing charts on your desktop computer, MacBook Pro, or mobile device, our evaluations consider different platforms and devices so that you can trade on your terms.
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.
