The best swing trading Forex brokers are not only the custodians of capital and trading platform providers. They are also partners enabling swing traders to execute their strategy. Hundreds of brokers support swing trading, but their competitiveness varies significantly .
Many traders ignore the small details, but they multiply into notable differences. I have conducted an in-depth review to compile a list of the best swing trading Forex brokers. Choosing the right brokerage ensures swing traders have a competitive edge in a low-cost trading environment with advanced infrastructure. I have also provided the pros and cons of swing trading and outlined what traders should look for in their swing trading broker. Read my research and double-check the results with your brokerage. Are you trading with the best swing trading Forex brokers?
- FP Markets, ECN trading with leverage up to 1:500.
- FXTM, Best all-around broker with high floating leverage and fast execution.
- BlackBull Markets, Best ECN trading environment, with scalping and hedging.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- Eightcap, Competitive pricing + excellent daily videos.
FP Markets
In Summary ECN trading with leverage up to 1:500FP Markets upgrades the MT4/MT5 platforms with 12 plugins, Autochartist, and Trading Central. It creates an excellent research and analysis environment, placing FP Markets on my best swing trading Forex brokers listing. Traders also receive competitive commission-based trading fees featuring raw spreads from 0.0 pips for a commission of $6.00 per 1.0 standard round lot.
Swing traders who prefer following others can diversify via the in-house FP Markets copy trading service or third-party alternatives Myfxbook AutoTrade and fee-based Signal Start. MAM and PAMM accounts offer traditional account management services that may include swing trading portfolios. Beginners benefit from quality education.
Pros & Cons
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
- Availability of Iress geographically restricted
FXTM
In Summary Best all-around broker with high floating leverage and fast executionI rank FXTM among the best swing trading Forex brokers. This is due to its cutting-edge price improvement technology, lowering fees by an average of $3.00 per lot, applicable on 97.18% of all trades, and its average execution time of 0.071 seconds amid deep liquidity pools. Traders also benefit from raw spreads of 0.0 pips with a commission of $7.00 per 1.0 standard round on many assets.
FXTM upgrades MT4/MT5 with Trading Central, the upgrade package from FX Blue, and its in-house Pivot Point Strategy plugin. Swing traders can also use the mobile and trading apps FXTM Trader and FXTM Invest.
Pros & Cons
- Excellent commission-based Forex pricing environment and transparency
- Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
- Quality market research and educational content for beginner traders
- A highly regulated broker with a tier-1 license
- Limited choice of commodities
BlackBull Markets
In Summary Best ECN trading environment, with scalping and hedgingWith Equinix servers in New York (NY4), London (LD5), and Tokyo (TY3), BlackBull Markets delivers institutional-grade trading conditions. Data feeds from 66+ third-party providers deliver ultra-deep liquidity, resulting in an average order execution speed of less than 75 milliseconds. Traders also benefit from commission-based ECN accounts featuring raw spread and commissions between $4.00 and $6.00 per lot, making BlackBull Markets one of the best swing trading Forex brokers.
MT4/MT5 and cTrader support algorithmic swing trading, while BlackBull Markets CopyTrader, ZuluTrade, and Myfxbook Autotrade cater to swing traders who prefer copy trading signal providers that match their trading style.
Pros & Cons
- ECN/NDD execution model with deep liquidity
- Institution-grade pricing for retail traders via proprietary price aggregation
- ZuluTrade and Myfxbook for social trading
- Leverage of up to 1:500
- Limited deposit options
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsAvaTrade offers swing traders a choice of trading platforms, including MT4/MT5 for algorithmic traders and its AvaTrade WebTrader and mobile app AvaTradeGO with embedded Trading Central services. DupliTrade and ZuluTrade cater to swing traders seeking to copy their peers with a matching strategy. The well-balanced asset selection includes options, ETFs, and cryptocurrencies, and AvaTrade offers reasonable commission-free Forex fees from 0.9 pips or $9.00 per 1.0 standard round lot.
Beginners receive the MT4 Guardian Angel plugin and the fee-based Ava Protect insurance policy, which protects against trading losses. It makes AvaTrade the best swing trading Forex broker for beginners.
Pros & Cons
- High quality educational offering via AvaAcademy
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
- Trading costs competitive but nothing special
Eightcap
In Summary Competitive pricing + excellent daily videosI consider Eightcap among the best swing trading Forex brokers as it offers Capitalise AI, enabling algorithmic trading in a code-free MT4 environment. Swing traders also receive the FlashTrader plugin for MT5 and an AI-powered economic calendar. Deep liquidity pools, fast order execution, and low, commission-based Forex trading fees in the Raw account featuring raw spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot make Eightcap an ideal broker for full-time swing traders.
Eightcap Labs and Eightcap Trade Zone provide excellent education and research for beginner traders, and customer support is available 24/7.
Pros & Cons
- Low minimum deposit and high leverage of up to 1:500
- Competitive cost structure
- Excellent technology infrastructure and seasoned management team
- Daily research and quality educational content
- Limited leverage in some areas
Top-Rated Brokers for Swing Trading Comparison
| | | | | |
Regulators | ASIC, CMA, CySEC, FSCA | CMA, FCA, FSC Mauritius, FSCA | FMA, FSA | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, CySEC, FCA, SCB |
Year Established | 2005 | 2011 | 2014 | 2006 | 2009 |
Execution Type(s) | ECN/STP | ECN/STP, Market Maker | ECN/STP, No Dealing Desk | Market Maker | ECN/STP, Market Maker |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 1.2 pips | 0.1 pips | 1.3 pips | 0.9 pips | 1.0 pips |
Average Trading Cost GBP/USD | 1.4 pips | 0.2 pips | 2.0 pips | 1.5 pips | 1.2 pips |
Average Trading Cost Gold | $0.16 | $0.18 | $0.90 | $0.29 | $0.12 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, cTrader, Trading View | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | MetaTrader 4, MetaTrader 5, Trading View |
Islamic Account | |||||
Negative Balance Protection | N/A | ||||
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
What Is a Swing Trading Broker?
Before choosing between the best swing trading Forex brokers, swing traders should understand what a swing trading broker is and what it should offer.
A swing trading broker is the custodian of client funds and portfolios and provides the trading infrastructure, assets, and analytical tools. It is also a partner that should thrive when traders profit.
Core Features Swing Traders Should Seek in a Broker
- Low swap rates: Since most swing traders hold positions for several days to weeks, swap rates are their most significant expense.
- Analysis tools: Technical analysis dominates the analysis process, but fundamental factors are essential for swing traders, as they can initiate swings in price action.
- Accurate data feeds: Swing traders require accurate historical data to analyze markets and up-to-date real-time data to place and manage their trades.
- Customizable Alerts: The best swing trading Forex brokers allow swing traders to customize alerts and notifications based on numerous factors.
Tips for Choosing a Reliable Swing Trading Platform
I focused my research on finding the best swing trading Forex brokers on the aspects below.
Traders should look for the following:
- Regulation - A clean regulatory track record of 10+ years.
- Low trading fees- Low swap rates, including positive ones.
- Trading platforms - algorithmic trading capabilities.
- Asset diversity - A balanced asset selection of liquid trading instruments.
- Deposits/Withdrawals - No deposit fees and low minimum requirements.
Key Factors to Consider for Swing Trading
To help traders define their swing trading strategy, I have compiled a list of core factors they should consider before identifying the best swing trading Forex brokers and funding their trading accounts.
Here is my list:
1. Education: I emphasize in-depth education as the start for every swing trader.
2. Trading psychology: Trading psychology separates up to 90% of unprofitable traders from profitable ones.
3. Comprehensive analysis: Technical analysis dominates, but profitable swing traders also consider fundamental events.
4. Risk management: Dynamic risk management tailored to market conditions.
5. Leverage ratios: Leverage magnifies profits and losses, and swing traders must learn the leverage-risk management relationship.
6. Trading platform: It should support algorithmic trading, have a cutting-edge charting platform, and comprehensive analytical tools.
7. Asset selection: Liquid assets keep swap rates and trading costs reasonable, while medium volatility provides sufficient swings but lowers unpredictability.
8. Trading strategy: The trading strategy should reflect your personality.
Swing Trading - Pros & Cons
Traders should consider the pros and cons of swing trading before deciding if this strategy suits them.
Pros of Swing Trading
- Lower-stress trading strategy
- Smaller capital requirements
- Most brokers support swing trading
- More time to plan and react to trades
- Low-frequency trading
- Ideal for manual trading
Cons of Swing Trading
- Requires time for trades to develop
- Magnified losses with fewer opportunities to recover
- Overnight risks
- Not ideal for traders who trade for a living
- Missed counter-trend opportunities
- Less diversification
Bottom Line
The best swing trading Forex brokers are not just trading platform providers but also long-term partners that benefit from profitable swing traders. They support swing traders by maintaining a cutting-edge trading infrastructure, algorithmic trading, a well-balanced asset selection of liquid trading instruments, and low swap rates, the most defining aspect of competitive trading fees.
