Trading Central is a leading third-party business-to-business (B2B) service, offering quality market research and actionable trading signals.
While traders cannot access Trading Central independently, 180+ brokers from 50 countries provide it as a complimentary value-added service. My Trading Central brokers review looks at this valuable service to traders, offers tips on its best usage while highlighting avoidable errors, and highlights the difference between Trading Central and TradingView. Do you trade with a competitive broker that offers Trading Central?
- Forex.com, Excellent trading conditions + NFA regulation.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- FP Markets, ECN trading with leverage up to 1:500.
- IronFX, Low trading fees and quality education for beginners.
- Interactive Brokers, suits demanding traders and algorithmic strategies.
Best Central Brokers Comparison
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Regulators | ASIC, CFTC, CIMA, CySEC, FCA, FSA, IIROC, NFA | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, CMA, CySEC, FSCA | FCA, FSCA | N/A |
Year Established | 2001 | 2006 | 2005 | 2010 | 1978 |
Execution Type(s) | Market Maker | Market Maker | ECN/STP | ECN/STP, Market Maker | ECN/STP, No Dealing Desk |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 1.1 pips | 0.9 pips | 1.2 pips | 1.8 pips | 0.2 pips ($2.00) |
Average Trading Cost GBP/USD | 1.3 pips | 1.5 pips | 1.4 pips | 1.7 pips | 0.4 pips ($4.00) |
Average Trading Cost Gold | $0.63 | $0.29 | $0.16 | $0.35 | $0.17 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform, Trading View | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, Proprietary platform | Proprietary platform |
Islamic Account | |||||
Negative Balance Protection | N/A | ||||
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
Forex.com
In Summary Excellent trading conditions + NFA regulationForex.com offers traders numerous cutting-edge trading tools to ensure a competitive edge. The proprietary web-based trading platform features services by Trading Central and advanced charts by TradingView. Algorithmic traders get the industry-leading MT4, and Forex.com offers Capitalise AI, which allows algorithmic trading in a code-free environment. Additional tools include Performance Analytics by Chasing Returns and SMART Signals powered by machine learning technology.
With a Forex selection of 80+ currency pairs, an average execution speed of 0.03 seconds, and minimum spreads from 0.2 pips for a commission of $5 per standard lot $100,000, Forex.com ranks amongst the most competitive Trading Central brokers.
Pros & Cons
- Lower minimum deposit
- Islamic account available
- Good reputation
- Choice of account types
- Withdrawal fee
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsTraders at AvaTrade get a balanced asset selection, including options and cryptocurrencies, and a reasonably priced commission-free spread setup. AvaTrade also upgrades MT4 and MT5 with the Guardian Angel plugin. The proprietary trading platforms consist of WebTrader, AvaOptions, and AvaTradeGO. Ava Social and DupliTrade cater to copy traders and complement the embedded MT4/MT5 solutions. It makes AvaTrade the broker with the most trading platform choices within the list of Trading Central brokers.
The AvaTrade WebTrader and AvaTradeGO feature embedded Trading Central services, and traders can protect their portfolios against losses with the fee-based Ava Protect service. Beginners also get access to excellent educational resources.
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
FP Markets
In Summary ECN trading with leverage up to 1:500FP Markets integrates Trading Central services in its client portal, offering access to market research and actionable trading signals. FP Markets ranks among the Trading Central brokers with the best MT4/MT5 upgrades, as traders get 12 plugins and Autochartist. MAM/PAMM accounts allow portfolio managers to offer traditional account management services, and VPS hosting ensures algorithmic traders get 24/5 Forex trading with low-latency order execution.
Besides MT4/MT5, FP Markets also features cTrader. All three trading platforms support algorithmic trading and have embedded copy trading services, which FP Markets complements with its own proprietary service, Myfxbook Autotrade, and the fee-based Signal Start.
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
IronFX
In Summary Low trading fees and quality education for beginnersIronFX offers the Trading Central MT4 plugin, providing traders with actionable trading signals as an overlay over charts, allowing swift order entry and an efficient trading process. VPS hosting for algorithmic traders and the IronFX Personal Multi Account Manager (PMAM) for account managers are equally available. IronFX also offers its AutoTrade and TradeCopier services.
The commission based STP/ECN account presents competitive trading fees, including swap rates on leveraged overnight positions. Additionally, IronFX ranks among the Trading Central brokers with the most generous trading bonuses. Beginners benefit from quality educational content, and IronFX features a VIP trading room for qualifying traders.
Pros & Cons
- Competitive trading fees
- Trusted broker with 10+ years of experience
- Site transparency could be better
Interactive Brokers
In Summary suits demanding traders and algorithmic strategiesInteractive Brokers offers Trading Central services in a listed professional data bundle. It shines with its proprietary Trader Workstation (TWS) platform, where traders can access 150 markets from 33 countries in 26 currencies. Interactive Brokers is one of the Trading Central brokers with the broadest asset selection and an overall offering considered to be in the Top Five across all aspects industry wide.
IBKR Global Analyst allows traders to scan global trading opportunities, PortfolioAnalyst is a multi-custody portfolio analytics tool, and IBKR Investors’ Marketplace presents 2,000+ custom solutions. Traders can earn 4.58% on instantly available cash balances, while Interactive Advisors is its robo-advisory unit.
Pros & Cons
- Many Different Features
- Many Educational Services
- Overwhelming Amount of Information
- No Mention of Bonuses or Promotions
What is Trading Central?
Trading Central is a B2B company founded in France in 1999. It provides professional research services and actionable trading signals. Its clients are retail brokers that offer them as value-added services to their traders. The Trading Central motto is “We’re setting the standard for market research and analytics.” It has delivered on this promise for 20+ years, counting some of the most established brokers to its client base.
Trading Central offers the following 13 products:
- TC News Insight
- Panoramic View
- Fundamental Insight
- Crowd Insight
- Newsletters
- Economic Insight
- Alpha Generation
- Technical Views
- Economic Calendar
- Featured Ideas
- Technical Insight
- Strategy Builder
- TC Market Buzz
Trading Central brokers often combine competitive trading conditions with Trading Central services and the MT4/MT5 plugins rank among favorites. Usually, they provide traders with actionable trading signals via Alpha Generation and Featured Ideas, allowing traders to place trades immediately after Trading Central publishes them. The 2014 acquisition of Recognia added algorithmic chart pattern recognition to its toolset.
Some brokers with proprietary trading platforms integrate Trading Central, and many offer its services via their client dashboards. Trading Central has white-label solutions and APIs for custom solutions while delivering content via SMS and newsletters.
The company took another leap forward in 2019 by founding its TC Labs units, using algorithmic, machine learning, and natural language processing (NLP) for quantitative big data analytics. It operates from the French Riviera’s technology park, Sophia Antipolis, Paris, and Shanghai.
Is Trading Central Free?
No, Trading Central is not free, but since it is a B2B company, traders will never pay directly to Trading Central. Traders can only access its products and services via Trading Central brokers. Therefore, traders may use Trading Central for free if their brokers offer it without requirements or subscriptions. Most Trading Central brokers do, as they rely on it for client onboarding and marketing, the innovative research ability Trading Central provides. Some brokers may ask for a minimum deposit requirement, but most grant access to it for live clients without specific conditions attached.
Why do Traders use Trading Central?
Most traders use Trading Central for research assistance and actionable trading signals. Trading Central aims to deliver institutional-grade research and big data analytics to retail traders via Trading Central brokers.
The technological edge Trading Central provides is unavailable elsewhere to retail traders. Using Trading Central can bridge the gap and ensure a competitive advantage, as Trading Central uses algorithms, machine learning, and NLP for a quantitative approach. Since algorithms execute 80%+ of daily Forex trades and 60%+ of equity trades, Trading Central provides vital assistance in scanning markets for trading ideas and sentiment-based actionable research.
How Do You Use Trading Central?
Traders will access Trading Central products and services via Trading Central brokers. The best approach is to evaluate each feature and tool individually and gauge if and how it can assist traders with their desired approach to trading. Not all products and services are equally beneficial to all traders. Traders could compare it to grocery shopping, browsing the isles until they find the required ingredients.
Is Trading Central Good for Trading Forex?
Trading Central offers several products and services directly applicable to the Forex market. Most Trading Central brokers are multi-asset brokers where Forex trading remains a core sector. The MT4/MT5 plugins rank among the most-used Trading Central services, followed by its advanced Economic Calendar. Sentiment indicators and news feeds are also popular among Forex traders. Therefore, in summary, Trading Central presents a cutting-edge multi-asset supplemental tool for Forex traders.
How Accurate is Trading Central?
The accuracy of trading recommendations published by Trading Central and distributed by Trading Central brokers depends on numerous factors. Traders should consider when Trading Central published the signal and evaluate if it remains relevant or has become outdated. Other factors that will impact the outcome of trading signals are risk management, including lot sizes, and trade management.
Trading signals will have different results for different traders, and past performance is no guarantee for future success. Traders should never solely rely on recommendations made by Trading Central but use their research to help inform decisions and consider Trading Central a supplemental service.
Which Forex Brokers Offer Trading Central?
Our Trading Central brokers’ review concluded that 180+ brokers from 50 countries offer Trading Central. Traders can easily search for them as brokers advertise the availability and benefits of Trading Central. While Trading Central presents an innovative suite of tools, traders should remember that using the service does not mean guaranteed trading recommendations. Trading Central does not substitute in-depth analysis and sound risk management principles.
Which Trading Platforms Support Trading Central?
Trading Central brokers incorporate it within their proprietary trading platforms or as MT4, MT5, or cTrader plugins. Trading Central continues to expand and sign new partnership agreements with mobile trading app providers and trading services, increasing its reach and availability.
How Do You Use Trading Central with MetaTrader?
Trading Central has MT4/MT5 plugins, which overlay select services like Alpha Generation and Featured Ideas over charts, similar to an EA. The plugins are only available to traders if their Trading Central brokers offer them. Otherwise, traders must access their respective dashboards, SMS, or e-mails, locate the trade they wish to place, and execute it in their MT4/MT5 trading platforms.
Trading Central vs. TradingView
Trading Central is a FinTech firm offering cutting-edge research and actionable trading signals using algorithms, machine learning, and natural language processing (NLP) for quantitative big data analytics. It only contracts with business customers, and traders cannot directly access it without using a partner broker.
TradingView is a social trading platform with 50M+ traders, featuring an excellent charting package and providing a platform for traders to share trading ideas and discuss trades or market events. It is available to all traders free of charge but has subscription-based models for ad-free trading and additional features. It also allows partner-brokers to connect accounts to TradingView, allowing traders to trade directly from TradingView charts.
Trading Central brokers may offer TradingView, as its considered to be more suitable for advanced traders, assisting them with decision making and risk management.
Bottom Line
Trading Central brokers provide their traders with an innovative research tool for manual traders seeking assistance navigating and trading financial markets. Its MT4/MT5 plugin, which overlays Trading Central indicators directly onto charts, remains a popular feature, as traders can immediately execute recommended trades visually. Traders who follow third-party recommendations should always approach them cautiously and ensure they deploy their own risk management protocols. Rather than viewing them as guaranteed trades, traders should consider them as additional trading ideas or confirmation of their market research.
Most Trading Central brokers provide competitive trading conditions and use services by Trading Central to attract and retain clients. Traders should never rely solely on the availability of Trading Central when evaluating brokers but consider it as the value-added service it represents, away from assessing core trading conditions.
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