Hey everybody! -Need broker for News Trading

[elior]

I want start trading with the signals of "Diamonds Trading Signals Trade Plan" strategy but is write that if the spread at the time of the entry is more than 3 pips so don't be in the trade...

the problem is that I don't find any broker who have spread during critical news that low than 3 pips.
Actually the spreads during news that I see in my broker (Pepperstone) is at least 15 pips and more!

can you please recommend on broker who have insane spreads during news??
(even 5 or 6 pips can be okay..)

Thanks!!!

Elior

 

[elior]

Hey everybody!

I want start trading with the signals of "Diamonds Trading Signals Trade Plan" strategy but is write that if the spread at the time of the entry is more than 3 pips so don't be in the trade...

the problem is that I don't find any broker who have spread during critical news that low than 3 pips.
Actually the spreads during news that I see in my broker (Pepperstone) is at least 15 pips and more!

can you please recommend on broker who have insane spreads during news??
(even 5 or 6 pips can be okay..)

Thanks!!!

Elior

 

[arigoldman]

Hi and welcome.

 

[elior]

Thank you.. I will glad to get any answer

 

[Pharaoh]

Demos don't perfectly follow the live market, but should show similar spread increases. Narrow down to well-regulated brokers without too many complaints and get demos to check how quickly the spread settles down after the initial spike.

Check their TOS very carefully to see if they ban news trading or have minimum times to hold a trade.

Then, there's only one way to be sure. Pick one out and open a live account. Don't tie your money up in any bonus offer. Watch the spreads on the live account. If they seem ok, fund with the smallest possible amount of money and test 1 trade with the smallest possible trade volume. If you find yourself getting wiped out by excessive slippage, close the account and try again elsewhere. If the trade is good, call them up, ask to speak to their compliance department, and ask for WRITTEN verification that they have no issues with this type of trading.

 

[elior]

Thank you Pharaoh for your answer

that seems like this is the best option to check that issue..

But I wonder if anybody here can share his experience white that issue and recommend on some specific broker that he know that his spreads during news is insane..
(there are too many brokers out there so its be complicated to try everyone until I found some good broker for news trading)

I thought to check Ducascopy, ICmarkets or HotForex for news trading.
what you think about them?

please share yours experience!!