TradingView is a powerful charting tool used by traders for technical analyses. This tool is suitable for all levels of traders. Technical analysis and charting are always intimidating to novice traders. Luckily, TradingView provides an educational section to help beginners use the tool. This ensures that such traders are as proficient in charting as seasoned traders.
TradingView helps investors understand long-term and short-term market trends. Therefore, it helps traders make the best investment decisions. It allows them to choose the best entry points, stop-loss and take-profit for their trades. Fortunate enough, some brokers allow you to connect your account to TradingView. This way, you can chart and trade on the same platform. Here is a list of some of the best brokers supported by TradingView.
Forex.com is one of the most prominent brokers that works with the TradingView system. The company launched in 2001 and is providing forex brokerage to this date. The company has regulations from the FCA. This provides some legitimacy to the broker as the FCA is a Tier-1 regulator. It is also licensed and authorised in the US by the CFTC, the NFA. Interestingly enough, Forex.com has been ranked as the No. 1 FX broker in the US** (**Based on client assets per the 2022 monthly Retail Forex Obligation reports published by the CFTC).
For the trading platform, Forex.com provides the MetaTrader 4 to clients. This is one of the best trading tools in the market. It is responsive and ensures fast execution of trades. Forex.com also provides WebTrader and its in-house-built Forex.com Trader to clients. Traders can pick and choose the trading tool that best suits their needs. The minimum deposit on Forex.com is $100 and the maximum deposit is $10,000. The markets available to clients include forex, gold and silver, and futures and future options. All these markets hold significant risks. Investors should only invest amounts they can afford to lose.
71.6% of retail investor accounts lose money when trading CFDs with this provider.
OANDA is a forex broker with a vibrant history in the market. The company started providing its services in 1996. OANDA is regulated by ASIC in Australia, the FCA in the UK and the CFTC in the US. Regulators watch over brokers to ensure they are not defrauding investors. Furthermore, OANDA provides some of the best trading software available. These include MetaTrader 4 & 5, and their in-house-built OANDA Trade. These are highly responsive apps for fast trade executions. The company assures clients of some of the tightest spreads in the market. Tight spreads ensure clients pay low costs and save more long-term.
OANDA allows investors to trade in various markets including forex, indices, metals, commodities and cryptocurrency. These markets hold significant risks. Investors should only invest amounts they can afford to lose. The company does not have a minimum deposit amount. Additionally, there is no minimum balance required to maintain an account.
74–89% of retail investor accounts lose money.
TradeStation is another broker that TradingView supports. The company launched in 1982 but launched its online services in 2001. This broker allows clients to trade stocks, ETFs, crypto, Futures and more. The company boasts a wide selection of trading products. Additionally, there are three different account types to choose from. These include individual and joint accounts, retirement accounts and entity accounts.
For a trading platform, the company provides its in-company built TradeStation Platform. The platform is available as a desktop application, a web trader and a mobile application. This way, the company can serve traders of all kinds. TradeStation is regulated by the SEC and is a member of the Securities Investor Protection Corporation. The company also has regulations from FINRA. The regulatory status and the company’s deep history give it legitimacy among traders. Still, investors should only invest amounts they can afford to lose.
How to Use TradingView to Execute Trades
Trading on TradingView is very easy. All you need is an account with a supported broker. Then the steps are very easy.
- Open TradingView and log into your TradingView account. If you don’t have a TradingView account, then you will need to create one.
- Next, open a chart and click on Trading Panel at the bottom.
- Then choose your supported broker, say OANDA.
- Next, log into your broker account.
- Tick the accounts that you wish to use and click allow.
- You are now ready to place your orders. You will see 4 tabs namely, Positions, Orders, Account Summary and Notifications log.
Full List of TradingView Supported Brokers
The brokers above are not the only ones supported by TradingView. In fact, TradingView is continuously increasing the number of brokers and crypto exchanges they are working with. Here is a full list of companies currently supported by TradingView;
- WH Selfinvest
- Tiger Brokers
- Global Prime
- Optimus Futures
- Ally Invest
- Interactive Brokers
- BlackBull Markets
- Dorman Trading
- City Index
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^ The site was a great help to me in finding my way through the jungle brokers offering trading view. Many thanks.
You are welcome 🙂
Do you happen to know off hand which of these brokers allow US Clients to trade US30?
Off the top of my head, I do not know which broker supports trading the US30 index to US Clients. Unfortunately, as far as I know not many brokers that accept US client support trading indices, but you can check each broker’s site and their trading instruments, they always state it on their site.