Best Brokers for TradingView – Reviewed in 2024
Dom Farnell
Co-Founder
Dom, a Co-Founder at TIC, is an avid investor and experienced blogger who specialises in financial markets and wealth management. He strives to help people make smart investment decisions through clear and engaging content.
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Please bear in mind that trading involves the risk of capital loss. 68% to 84% of retail investor accounts lose money when trading CFDs with the providers below. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments with a high risk of losing money rapidly due to leverage.
Quick Answer – What Broker is the Best for TradingView?
Spreadex is the best broker for TradingView, especially for beginners. It offers seamless integration, a user-friendly experience, and reliable performance, making it an excellent choice for those looking to trade directly from TradingView’s powerful charting and analysis tools.
The Top 5 TradingView Brokers are …
- Spreadex – Ideal for Beginners, Seamless Integration, User-Friendly Experience
- Pepperstone – Excellent for Advanced Traders, Fast Execution, Broad Range of Features
- Interactive Brokers – Perfect for Experienced Traders, Extensive Market Access, Low-Cost Trading
- Saxo – Best for Multi-Asset Trading, Deep Liquidity, Robust Tools
- City Index – Great for Versatility, Competitive Spreads, Smooth Compatibility
Featured Brokers
Spreadex
- Long and Short Trading
- Trade with Leverage
73% of retail CFD accounts lose money when trading CFD’s with this provider.
IG
- Mt4 Available
- Competitive Fees
70% of retail CFD accounts lose money when trading CFD’s with this provider.
XTB
- Global Regulatory Compliance
- Award-Winning Platform
76% of retail CFD accounts lose money when trading CFD’s with this provider.
What Does This Page Cover?
- How Do These Accounts Compare on TradingView?
- Top 5 TradingView Brokers
- What Exactly Is TradingView?
- What Are the Trading Costs with Brokers on TradingView?
- How Can You Connect Your Brokerage Account to TradingView?
- What Are the Downsides of Trading Directly from TradingView Charts?
- Is It a Good Idea to Trade from TradingView Charts?
- References
- FAQs
How Do These Accounts Compare on TradingView?
67% of retail CFD accounts lose money | |||||
Fee Score | 4.3 | 4.1 | 4 | 4.2 | 3.8 |
Platform Score | 4.8 | 3.5 | 4.2 | 4.8 | 4.6 |
Account Opening Score | 4.8 | 3.5 | 4.1 | 4.9 | 4.4 |
Withdrawl/ Deposit Fee | No | No | No | No | No |
Minimum Deposit | £0 | $0 | $0 for Individual Accounts | $0 | $0 |
FCA Regulated | Yes | Yes | Yes | Yes | Yes |
FSCS Protection of £85K to UK Clients | Yes | Yes | Yes | Yes | Yes |
Supported Assets | Spread betting and CFDs on a wide range of assets, including: Forex Stocks Indices Commodities Treasuries Spread bets on specific events | Forex
Stocks (CFDs and DMA)
ETFs (CFDs and DMA)
Cryptocurrencies (CFDs)
Commodities (CFDs)
Indices (CFDs) | stocks, options, futures, forex, bonds, and funds & more | CFDs on Forex, Stocks & ETFs, Indices, Index Options, Commodities & Bonds | forex, CFDs, indices, and commodities. |
Top 5 TradingView Brokers
Spreadex – Ideal for Beginners, Seamless Integration, User-Friendly Experience
Pros
- User-Friendly Interface: Designed with beginners in mind, making it easy to navigate.
- Seamless TradingView Integration: Connects effortlessly to TradingView for enhanced charting.
- Competitive Spreads: Offers tight spreads across various markets.
- Diverse Asset Range: Provides access to a wide array of assets, including forex, indices, and commodities.
Cons
- Trading Platform: The platform is not compatible with MetaTrader 4 (MT4) or MetaTrader 5 (MT5). However, it does offer integration with TradingView, providing users with advanced charting and analysis tools.
What Assets Can Be Traded?
Spreadex allows trading in a variety of assets, including forex, indices, commodities, and cryptocurrencies.
What Is the User Interface Like for Beginners?
The user interface is intuitive and easy to navigate, making it suitable for beginners who are new to trading.
How Easy Is It to Connect to TradingView?
Connecting to TradingView is simple and straightforward, allowing users to access advanced charting tools quickly.
64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pepperstone – Excellent for Advanced Traders, Fast Execution, Broad Range of Features
Pros
- Fast Execution Speeds: Offers quick order execution, ideal for active traders
- Low Spreads: Provides competitive spreads, especially for forex trading.
- Diverse Account Types: Offers various account options to suit different trading styles.
- Seamless TradingView Integration: Easily connects to TradingView for enhanced charting and analysis.
Cons
- Limited Educational Resources: May lack comprehensive educational materials for beginners.
- Customer Support Availability: Support may not be available 24/7, which can be inconvenient.
- Inactivity Fees: Accounts may incur inactivity fees after a period of no trading activity.
- Withdrawal Times: Withdrawal processing times can vary and may take longer than expected.
What Assets Can Be Traded?
Pepperstone allows trading in a wide range of assets, including forex, commodities, indices, and cryptocurrencies.
What Is the User Interface Like for Beginners?
The user interface is user-friendly and straightforward, making it accessible for traders at all levels.
How Easy Is It to Connect to TradingView?
Connecting to TradingView is quick and simple, enabling users to leverage advanced charting tools easily.
74-89% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Interactive Brokers – Perfect for Experienced Traders, Extensive Market Access, Low-Cost Trading
Pros
- Low-Cost Trading: Offers competitive commission rates and low fees for trades.
- Extensive Market Access: Provides access to a wide range of global markets and asset classes.
- Advanced Trading Tools: Features sophisticated trading platforms and analytical tools for experienced traders.
- Robust API Integration: Allows seamless integration with TradingView and other trading platforms.
Cons
- Complex Interface: The trading platform may be overwhelming for beginners due to its complexity.
- Minimum Deposit Requirements: Some account types have higher minimum deposit thresholds.
- Limited Customer Support: Customer service response times may vary, which can be frustrating.
- Educational Resources: May not provide enough educational resources for novice traders.
What Assets Can Be Traded?
Interactive Brokers allows trading in a wide variety of assets, including stocks, options, futures, forex, and ETFs.
What Is the User Interface Like for Beginners?
The user interface is complex and may require some time for beginners to learn, making it better suited for experienced traders.
How Easy Is It to Connect to TradingView?
Connecting to TradingView is straightforward, providing users with access to advanced charting tools for effective trading.
The inclusion of Interactive Brokers’ (IBKR) name, logo or weblinks is present pursuant to an advertising
arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and
is not responsible for the accuracy of any products or services discussed.
Saxo – Best for Multi-Asset Trading, Deep Liquidity, Robust Tools
Pros
- Multi-Asset Trading Capabilities: Offers a wide range of assets, including stocks, bonds, forex, and commodities.
- Advanced Research Tools: Provides extensive research and analytical tools for informed trading decisions.
- User-Friendly Platform: Features an intuitive interface suitable for both beginners and experienced traders.
- Strong TradingView Integration: Easily connects to TradingView for enhanced charting and trading options.
Cons
- Higher Fees: Commission rates and fees can be higher compared to some competitors.
- Minimum Deposit Requirements: Requires a significant minimum deposit to open certain account types.
- Limited Customer Support: Customer support may not be available 24/7, which could be inconvenient.
- Withdrawal Fees: Some withdrawal methods may incur fees, which can add to costs.
What Assets Can Be Traded?
Saxo allows trading in a diverse array of assets, including stocks, forex, bonds, commodities, ETFs, and options.
What Is the User Interface Like for Beginners?
The user interface is user-friendly and intuitive, making it accessible for both beginners and experienced traders.
How Easy Is It to Connect to TradingView?
Connecting to TradingView is simple and straightforward, allowing users to access advanced charting tools quickly and efficiently.
64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
City Index – Great for Versatility, Competitive Spreads, Smooth Compatibility
Pros
- Competitive Spreads: Offers tight spreads on various markets, making it cost-effective for traders.
- User-Friendly Platform: Features an intuitive interface that is easy to navigate for both beginners and experienced traders.
- Variety of Trading Instruments: Provides access to a wide range of assets, including forex, indices, commodities, and cryptocurrencies.
- Seamless TradingView Integration: Easily connects to TradingView for enhanced charting and analysis capabilities.
Cons
- Limited Advanced Features: May not offer enough advanced tools for professional traders.
- Customer Support Limitations: Support options may not be as robust, with limited availability during off-hours.
- Inactivity Fees: Accounts may incur inactivity fees after a certain period of no trading activity.
- Withdrawal Times: Withdrawal processing times can vary and may take longer than expected.
What Assets Can Be Traded?
City Index allows trading in a variety of assets, including forex, commodities, indices, and cryptocurrencies.
What Is the User Interface Like for Beginners?
The user interface is user-friendly and straightforward, making it accessible for traders of all experience levels.
How Safe is the Broker?
How Easy Is It to Connect to TradingView?
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 78% of retail CFD accounts lose money when trading CFD’s with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
What Exactly Is TradingView?
TradingView is an advanced charting and social networking platform that I’ve found to be incredibly useful for my trading activities. It’s not just a charting tool; it’s a comprehensive trading environment where you can analyze markets, share ideas, and connect with other traders from around the world. Whether you’re a beginner just starting or an experienced trader, TradingView offers something valuable for everyone.
What Features Does TradingView Offer?
One of the standout features of TradingView is its impressive charting capabilities. You can customize charts with a variety of technical indicators, drawing tools, and candlestick patterns, allowing you to analyze price movements in real-time. The ability to save custom layouts is also a big plus, as I can easily switch between different markets or strategies.
Another great feature is the social aspect of TradingView. You can follow other traders, view their analyses, and even share your own ideas and charts. This sense of community has helped me learn different trading styles and gain insights that I might not have considered otherwise.
Additionally, TradingView supports a wide range of markets, including stocks, forex, cryptocurrencies, and commodities, all in one place. The platform also offers features like backtesting and paper trading, which have been incredibly helpful for testing my strategies without risking real money.
How Does TradingView Work for Traders?
Using TradingView is fairly straightforward. You start by creating an account, which gives you access to various tools and features. Once you’re in, you can choose from different market assets and start building your charts. The platform’s user interface is intuitive, making it easy to navigate through different features.
As a trader, I often use the alerts feature to stay updated on price movements or market conditions. You can set alerts for specific price levels, technical indicators, or even news events. This allows me to react quickly without having to constantly monitor the charts.
The integration with brokers is also a game-changer. I can execute trades directly from my charts, making the entire process seamless. This feature has streamlined my trading experience, allowing me to focus more on strategy and less on logistics.
Who Can Benefit the Most from Using TradingView?
In my experience, both beginners and experienced traders can benefit from using TradingView. For beginners, the platform is a fantastic learning tool. The social features allow them to see how more experienced traders analyze the markets, which can accelerate their learning process. The wealth of resources, from educational articles to community discussions, makes it easier to grasp trading concepts.
For experienced traders, the advanced charting tools and extensive customization options make TradingView an invaluable resource. Whether you’re day trading or swing trading, the platform can be tailored to fit your specific trading style.
Overall, I believe that anyone looking to enhance their trading experience—whether through better analysis, community support, or direct trading capabilities—will find that TradingView has a lot to offer. It’s become a central hub for my trading activities, and I wouldn’t want to trade without it!
What Are the Trading Costs with Brokers on TradingView?
When I first started trading on TradingView, understanding the costs involved was one of my biggest concerns. Each broker has its own fee structure, and knowing these costs can help you make better trading decisions. Here’s what I’ve learned about trading costs on TradingView.
What Fees Should You Be Aware Of?
The first thing to consider is the commission fees. Many brokers charge a fee per trade, which can either be a flat rate or a percentage of the trade value. For example, some brokers might charge $5 per trade, while others might take a small percentage of the total trade amount. It’s essential to factor in these fees when planning your trades, as they can add up quickly, especially for frequent traders like myself.
Another cost to be aware of is the spread, which is the difference between the buy and sell price of an asset. A tighter spread means you pay less to enter and exit trades. Some brokers offer low spreads, but they may have higher commission fees, so it’s essential to compare these aspects.
Lastly, keep an eye on overnight fees (or swap rates) if you hold positions overnight. Some brokers charge a fee for this, while others might offer a more favorable rate depending on the asset class you’re trading.
How Do Trading Fees Vary Between Brokers?
I’ve noticed that trading fees can vary significantly between brokers on TradingView. For instance, some brokers cater to active traders and offer lower commissions and tighter spreads, while others might charge higher fees but provide additional services or tools.
When comparing brokers, I recommend checking their fee structures carefully. Some brokers might advertise low commissions but have higher spreads, making them less cost-effective in practice. On the other hand, brokers like Interactive Brokers tend to offer very competitive pricing for high-volume traders, while others, such as eToro, focus more on social trading and user experience.
It’s also worth noting that some brokers provide commission-free trading on certain assets, but they may make up for it with wider spreads or other fees, so it’s important to dig deeper into their overall pricing models.
Are There Any Hidden Costs When Trading on TradingView?
In my experience, hidden costs can sometimes catch traders off guard. For instance, while a broker might advertise low commissions, they may impose fees for deposits, withdrawals, or currency conversion that can eat into your profits.
Additionally, some brokers may charge inactivity fees if you don’t make a trade within a specified period. This is something I learned the hard way, so it’s essential to read the fine print and understand the terms and conditions before opening an account.
Also, be mindful of how different brokers handle market data fees. While TradingView itself offers some data for free, specific brokers may charge for access to real-time data, especially for certain exchanges.
Overall, being aware of these potential costs can save you a lot of money in the long run. As I continue my trading journey, I always make it a point to stay informed about the fees associated with my broker and how they impact my trading strategies.
How Can You Connect Your Brokerage Account to TradingView?
Connecting your brokerage account to TradingView has been one of the most rewarding steps in my trading journey. It allows me to execute trades directly from the platform while enjoying its powerful charting tools. Here’s a breakdown of how to connect your brokerage account to TradingView, based on my experience.
Step-by-Step Guide to Connecting Accounts
- Log into TradingView: Start by logging into your TradingView account. If you don’t have one yet, creating an account is straightforward and only takes a few minutes.
- Go to the Trading Panel: Once logged in, look for the “Trading Panel” at the bottom of the TradingView interface. Click on it to see the list of supported brokers.
- Select Your Broker: Find your broker from the list. TradingView supports many popular brokers, such as Interactive Brokers, OANDA, and others. Click on the broker’s name to initiate the connection process.
- Log into Your Brokerage Account: You will be prompted to enter your brokerage account credentials. This typically includes your username and password, and may require additional authentication steps, depending on your broker’s security settings.
- Grant Permissions: After logging in, you’ll need to grant TradingView permission to access your brokerage account. This usually involves accepting terms and conditions specific to the broker.
- Confirm the Connection: Once you’ve granted the necessary permissions, TradingView will confirm that your account is linked. You can now start trading directly from the TradingView platform!
What Are the Requirements for Linking Your Account?
When I connected my brokerage account to TradingView, I found that there were a few requirements to keep in mind:
- Broker Compatibility: Ensure your broker is supported by TradingView. Not all brokers are compatible, so check the Trading Panel to confirm.
- Active Brokerage Account: You must have an active trading account with the broker you wish to connect. This often requires completing the broker’s account verification process.
- API Access: Some brokers may require that you have API access enabled in your account settings. This allows TradingView to communicate with your broker securely.
- Security Measures: Be prepared to follow any additional security measures, such as two-factor authentication, which is common for many brokers today.
Troubleshooting Common Connection Issues
While connecting my brokerage account was mostly smooth, I did encounter a few issues that I learned to troubleshoot:
- Incorrect Credentials: Double-check your username and password. This is often the most common issue. If you’re using two-factor authentication, make sure you’re entering the code correctly.
- Broker Not Supported: If you can’t find your broker in the Trading Panel, it’s likely that they’re not supported. In this case, I recommend checking TradingView’s help center or looking for alternative brokers.
- Connection Timeout: Sometimes the connection may time out, especially during peak trading hours. If this happens, try logging out of both TradingView and your brokerage account, then attempt the connection again.
- API Settings: If you’re having persistent issues, check your broker’s API settings. Ensure that API access is enabled and that TradingView is listed as an authorized application.
- Contact Support: If all else fails, reaching out to TradingView’s support team or your broker’s customer service can help resolve any persistent connection issues. They often have quick solutions for common problems.
Connecting my brokerage account to TradingView has greatly enhanced my trading experience, providing me with the tools I need to analyze the markets and execute trades efficiently. By following these steps and keeping an eye on potential issues, I’ve been able to make the most of this powerful trading platform.
What Are the Downsides of Trading Directly from TradingView Charts?
Trading directly from TradingView charts is incredibly convenient and offers a seamless experience for executing trades. However, through my experience, I’ve discovered that there are some downsides that traders should consider. Here’s a closer look at the potential pitfalls of trading directly from the charts.
What to Watch Out For When Trading Directly?
One of the main things to watch out for when trading directly from TradingView charts is the user interface’s complexity. While TradingView offers powerful tools and features, the interface can sometimes be overwhelming, especially for beginners. It’s easy to get lost in the multitude of indicators and options, which can lead to hasty decisions. I recommend taking the time to familiarize yourself with the platform before diving into live trades.
Another concern is the risk of making impulsive trades. When you can execute trades with just a click, the temptation to act on emotions or fleeting market movements can be strong. I’ve had moments where I jumped into trades without sufficient analysis, only to regret it later. Establishing a disciplined trading plan and sticking to it is crucial.
How Does Latency Affect Your Trades?
Latency is another critical factor to consider when trading directly from TradingView charts. While the platform itself is quite responsive, there can be delays between placing an order and its execution, particularly if you’re using a broker with slower server response times. I’ve experienced situations where the market moved significantly while my order was still being processed, leading to less favorable entry or exit points than I had anticipated.
Moreover, if you’re trading during volatile market conditions, latency can exacerbate the issue. It’s essential to be aware of how quickly your broker executes trades and whether they experience any slippage during high-volume trading times. I’ve found that choosing a broker known for fast execution speeds can mitigate some of these latency concerns.
Are There Any Limitations to Trading from the Chart?
Trading directly from TradingView charts also comes with some limitations. For instance, not all brokers offer the same level of functionality when connected to TradingView. Some features, like certain order types or advanced risk management tools, may not be available through the TradingView interface.
Additionally, charting tools and technical analysis might not always align perfectly with live market data. There can be discrepancies between what you see on your charts and the actual market prices, especially if there are data feed delays. I’ve encountered instances where I acted on a chart signal only to find that the market had moved against me due to lagging data.
Another limitation is the lack of integrated trading tools that are often available in dedicated trading platforms. While TradingView offers great charting and analysis capabilities, it may not provide some of the advanced features found in other trading software, such as detailed order book analysis or complex algorithmic trading options.
Overall, while trading directly from TradingView charts can be highly convenient and enhance your trading experience, it’s essential to remain mindful of these downsides. By being aware of potential pitfalls like impulsive trading, latency issues, and feature limitations, you can make more informed trading decisions and optimize your overall strategy.
Is It a Good Idea to Trade from TradingView Charts?
Trading from TradingView charts can be an appealing option for many traders, but is it the right choice for you? From my experience, there are several factors to consider when deciding whether to use TradingView as your primary trading platform. Here’s what I’ve discovered about the pros and cons of trading directly from TradingView charts.
What Are the Benefits of Using TradingView for Trading?
One of the biggest benefits of using TradingView for trading is its powerful charting tools. The ability to customize charts with various technical indicators, trend lines, and drawing tools is invaluable for my analysis. I find that having all of these features in one place allows me to make quicker and more informed decisions.
Another advantage is the community aspect of TradingView. I love being able to share ideas and strategies with other traders. The social features enable me to follow experienced traders, view their analyses, and learn from their insights. This collaborative environment has helped me refine my trading strategies and improve my overall performance.
Additionally, TradingView’s seamless integration with brokers means that I can execute trades directly from my charts, making the process efficient and user-friendly. The ability to set alerts for price movements and receive notifications helps me stay on top of market changes without constantly monitoring my screens.
Who Should Consider Trading Directly from the Charts?
Trading directly from TradingView charts is an excellent option for active traders and technical analysts. If you rely heavily on chart patterns and technical indicators to inform your trading decisions, TradingView offers an extensive suite of tools that can enhance your analysis.
Additionally, traders who enjoy a social trading experience and want to engage with a community of like-minded individuals will benefit from TradingView’s platform. If you thrive on sharing ideas and collaborating with others, this feature can add a new dimension to your trading journey.
Moreover, if you’re someone who prefers a visual approach to trading, using charts as the primary decision-making tool can be effective. TradingView’s visually appealing and customizable charts cater to those who find visual analysis more intuitive.
When Might It Be Better to Use a Broker’s Platform Instead?
While TradingView has many advantages, there are situations where it might be better to use a broker’s dedicated platform. For instance, if you require advanced trading features such as algorithmic trading, automated strategies, or detailed order management tools, a broker’s proprietary platform may offer more robust solutions.
Additionally, if you’re a beginner still learning the ropes of trading, a broker’s platform might provide more straightforward access to educational resources, tutorials, and customer support. This can help build your confidence and understanding of trading before diving into the more advanced features of TradingView.
Furthermore, if you trade in less liquid markets or use specific order types that are not supported on TradingView, it may be wise to utilize your broker’s platform for those transactions to ensure you have full access to all the features you need.
In summary, trading directly from TradingView charts can be a fantastic option for many traders, especially those who value advanced charting capabilities and community engagement. However, it’s essential to assess your individual trading style, experience level, and specific needs to determine whether TradingView is the right fit for you or if you would be better served by using your broker’s platform.
References
FAQs
When choosing a broker for TradingView, look for features such as low trading fees, fast execution speeds, a wide range of available assets, good customer support, and seamless integration with TradingView’s platform.
Yes, many brokers that connect with TradingView offer cryptocurrency trading. However, it’s essential to verify that the broker you choose supports the specific cryptocurrencies you want to trade.
TradingView offers a free version with limited features, but they also provide several paid subscription plans that unlock advanced tools, additional indicators, and more extensive market data.
Consider factors such as trading style (day trading vs. long-term investing), the types of assets you want to trade, fee structures, and the specific features that matter most to you, such as charting tools and customer service.
Yes, TradingView allows you to backtest your trading strategies using its scripting language, Pine Script. This feature lets you simulate trades based on historical data to evaluate the effectiveness of your strategy before applying it in live markets.
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{etoroCFDrisk}% of retail CFD accounts lose money.
Our Top Featured TradingView Brokers
51% to 73% of retail CFD accounts lose money.
