Trading Central has been providing software solutions to traders since 1999. Today, the company’s analytical solutions are some of the trusted platforms in the industry. In essence, the company helps traders find and validate new trade opportunities, time their trades, learn about financial markets and manage their risk.
Trading Central also empowers brokers to create unique and innovative solutions for their customers. It does this by providing developer-friendly APIs to allow for customization. As such, many brokers have adopted this investment insights provider to accompany their brokerage services. In this review, we are going to look at Trading Central supported brokers and what they have to offer to clients.
FP Markets allows clients to trade forex currencies and CFDs on shares, metals, commodities, indices, cryptocurrencies, bonds, and ETFs. FP Markets provides Trading Central to clients in an attempt to help improve their trading experience. Trading Central provides an unsurpassed third-party source of information and analysis on FP Markets.
While Trading Central is an attractive feature of the broker, traders also come to this broker site for other reasons. For example, this brokerage firm provides a great collection of trading platforms. These include WebTrader, MetaTrader 4, and MetaTrader 5. The MetaTrader platforms provide even more analytical tools to clients. Regarding regulations, this company’s activities are overseen by the CySEC in Cyprus and the ASIC in Australia. These are two of the best regulatory organizations in the industry. On their own, regulations are not enough. Nonetheless, it is important to recognize impressive regulatory statuses.
The spreads on FP Markets are competitive and reasonably low. The spreads on the standard account can go as low as 1.3 pips for major currency pairs. Clients looking to trade with ultra-low spreads can use the Raw ECN account with spreads starting from 0.0 pips. Other applicable fees include overnight swap fees and commissions on the Raw ECN account.
75.3% of retail CFD accounts lose money
In 2020, AvaTrade forged a collaboration with Trading Central and began offering its award-winning products such as Market Insights and Intelligence directly to its clients. AvaTrade has made Trading Central’s products available through proprietary interfaces, WebTrader and AvaTradeGO. They also avail these products via notifications on SMS, email, and push notifications.
Offering Trading Central is just one of the features that give traders on AvaTrade an edge in the market. The company also offers clients some of the best trading platforms in the market. These include MetaTrader 4, MetaTrader 5, AvaTradeGO, DupliTrade, and ZuluTrade. On top of that, AvaTrade provides AvaProtect which allows clients to protect their trades against losses over a chosen time frame. Furthermore, AvaTrade has good regulatory credibility. This company is licensed and authorised by the Central Bank of Ireland, the BVIFSC, the FSCA, and the CySEC. This, coupled with a great collection of trading instruments, makes AvaTrade a tier-one broker. Investors can trade CFDs on forex, cryptocurrencies, stocks, commodities, indices, bonds, ETFs, and vanilla forex options. Finally, AvaTrade offers moderately low spreads, starting from 0.9 pips for major currency pairs.
71% of retail CFD accounts lose money
Trading Central is one of the main software that Forex.com offers to its clients under its Trading Tools section. Trading Central scans the market to find actionable trade ideas, saving clients some precious time. This program gives investors notifications when it determines that the market is either overvalued or undervalued. There are over 5,500 instruments to trade with this broker. Clients can invest in CFDs on forex, stocks, indices, commodities, precious metals, and cryptocurrencies. Diversity is always an added advantage on any broker site. Clients can invest in several markets at the same time.
Further, we can say that Forex.com has good credibility in the market. For starters, it is a regulated company in a number of economic zones including in the USA by the CFTC and NFA, in the UK by the FCA, in Canada by the IIROC, in Cyprus by the CySEC, and in Australia by the ASIC. Additionally, this company has over 21 years of providing brokerage services. Finally, we have to mention the fees charged by this broker. On its standard account, the spreads are relatively low and industry standard. They start at 1.0 pips for major currency pairs. They can go lower for the commission-based accounts.
69% of retail investor accounts lose money
when trading CFDs with this provider.
Some of the trading instruments investors can trade with Libertex CFDs on forex, stocks, metals, oil and gas, ETFs, and cryptocurrencies. This is a great collection of market instruments by this broker. Additionally, this broker offers clients a great collection of trading platforms. These include Libertex Trader, MetaTrader 4, and MetaTrader 5. On top of that, Libertex supports the use of the industry-leading analytical tool, Trading Central. This tool gives clients free trading signals on various markets every 2 hours and precise points of purchase and sale for certain assets. It allows traders to copy suggested trades in one click and confirm their own trading ideas.
It would interest traders to know that Libertex is a regulated broker site. Libertex follows the strict regulatory guidelines of the CySEC in Cyprus. This regulation allows Libertex to operate in many countries within Europe. CySEC is one of the best regulators in the market today, which is an attractive feature of Libertex. Further, the spreads on this website can go as low as 1.0 pips for major currency pairs. However, they can go even lower starting from 0.0 pips for professional clients. These are also the people with access to trading without leverage.
On the eToro site, clients can join an ongoing loyalty program called the eToro club. eToro Club membership is granted automatically to clients with a tier balance of at least $5,000. This program offers clients a wide range of services and tools to enhance the trading experience of customers. Clients on the Platinum tier and upwards have Trading Central available for market analysis and research.
This platform can give clients insights into a variety of markets available for trading with eToro. Clients can purchase real stocks and cryptocurrencies or trade CFDs on forex, crypto, stocks, commodities, ETFs, and indices. The platform available to clients to trade these instruments is the eToro trading platform that comes with the CopyTrader technology for traders who want to copy the trades of more successful traders on the platform. The spreads on eToro are low and transparent. The broker avails detailed information on the fees involved while trading. Typical spreads on this broker site start from 1.0 pips for major currency pairs like the EURUSD pair.
81% of retail investor accounts lose money
when trading CFDs with this provider.
Exness offers Trading Central to its clients in a unique way. Here, clients get access to Trading Central WebTV. This gives clients daily videos with commentary and trading ideas from Trading Central. The company believes that this is enough to give clients an edge when trading financial markets. Exness offers some of the lowest spreads in the market. For example, the spreads can go as low as 0.6 pips on the EURUSD currency pair. The average spread on major currency pairs ranges from 1.0 to 2.0 pips. These are some of the lowest spreads in the market. Furthermore, Exness also offers two zero-spread accounts based on commissions.
Further, Exness provides its traders with a wide range of instruments, including CFDs in Forex, Metals, Cryptocurrencies, Energies, Indices, and Stocks. Traders can hope for quick execution of orders on all its trading platforms. These include the Exness Trader, the MetaTrader 4, and the MetaTrader 5. These platforms are also very intuitive fitting both experienced and beginner traders. Finally, we look at the regulations of this broker. The company operates under the strict supervision of several watchdogs. The company has regulatory licenses from the CySEC, the FCA, the FSA, the FSCA, and the FSC. Having authorization in several jurisdictions is a sign of a company that plays by the book.
Interactive Brokers is a well-known forex and CFDs broker with a long history in the market. This broker launched in 1977 and is currently under the regulation of a number of organizations. These include the FCA, the SEC, the CFTC, the ASIC, and the Monetary Authority of Singapore. With Interactive Brokers, clients can trade CFDs on stocks, options, futures, currencies, cryptocurrencies, US Spot Gold, bonds, and ETFs. They can do this on the Interactive Brokers platform that is available on all devices. For technical analysis and market insights, Interactive Brokers supports the use of Trading Central.
Interestingly, Interactive Brokers primarily charges a commission for trading. The commission depends on the market instrument a client is investing in and can range from $16 to $40 per million traded. The company does not reveal the average spreads it offers to clients. However, the company promises competitive and low spreads to its clients.
Admiral Markets supports the use of Trading Central on its platform and even gives customers a guide on how to use the program when trading. Trading Central provides pattern recognition scanners, actionable analysis, and trading ideas that are up-to-date. Traders can access all these features on Admiral Markets through its Admirals Supreme Edition Plugin. There are many trading instruments available to clients for trading. They can invest in CFDs on forex, commodities, indices, stocks, ETFs, and bonds. Trading Central can provide market insights and trading signals for all these markets. The trading platforms available on Admiral Markets are desirable to clients. These include MT4, MT5, MetaTrader WebTrader, and Admirals Mobile App.
The spreads on this broker site depend on the account a client is using. The Trade.MT5 account has spreads starting from as low as 0.5 pips on major currency pairs. This is the main trading account on Admiral Markets. The other accounts feature spreads starting from 0.0 pips with commissions paid. The commissions range from $1.8 to $3 per lot depending on the account. Finally, we look at the regulatory status of this brokerage firm. The company operates under the watchful eyes of the FCA, the CySEC, the ASFL, the JSC, and the FSCA.
Vantage Markets offers Trading Central to clients in a promotion program. As part of this program, both new and existing traders get access to this industry-leading analytical software. Traders are required to fund their accounts with a minimum of $500 to get access to this program. Trading Central gives clients daily forex signals directly to their inboxes. Clients can trade CFDs on Forex, Commodities, Indices, and Shares with this broker. All these asset groups are available on the demo account which means that clients can practice diversifying their accounts. Moreover, Vantage Markets offers a non-expiring MT4 account that traders can go back to at any time to practice new trading strategies.
The spreads on Vantage Markets depend on the account type a user is using. For example, the average spread on the Standard STP account is 1.4 pips. The company also provides an ECN account based on commissions. Traders pay a commission of $3 per side per lot on this account. In terms of regulations, Vantage Markets is a regulated company in Australia by the ASIC, in Cyprus by the CySEC, in the Cayman Islands by the CIMA, and in Vanuatu by the VFSC. While regulations alone are not enough, the CySEC and the ASIC are two of the best regulators in the market. Companies have to follow strict laws and regulations before acquiring a license from these two organizations.
Final Thoughts on Trading Central Supported Brokers
Trading Central has a good reputation among traders for a reason. It is a premium one-stop for investment decision support. Through actionable trading signals, Trading Central can save clients some time as they can execute trades in one click without needing to analyze the markets themselves. Nonetheless, Trading Central also helps clients validate their own trade ideas. Furthermore, this software can help traders learn about financial markets.
Trading with a broker that supports Trading Central can give investors an edge in the market. The brokers discussed in this review offer desirable trading conditions on top of supporting Trading Central. They are also regulated by top organizations in the market. Nonetheless, investors must pick and choose the brokers that best suit their own trading needs.
- Forex Trading Robots for Android - March 29, 2023
- Forex trading competitions for Cash - March 28, 2023
- eToro list of Supported & Banned Countries - March 21, 2023