There are a wide range of suggestions for the best swing trading brokers for forex in 2024. The best forex swing trading brokers must offer low swaps, transparency, and supporting platforms. Swing trading requires holding positions overnight, sometimes for weeks at a time.
In these cases, swing traders need to find a brokerage that gives you access to trade the financial instruments of their choice with legit forex brokers. Plus, you should verify their regulation, compliance, and asset protection level. Moreover, the fees associated with swing trading brokers can have a major impact on your costs. Carefully assess the competitiveness of each swing trading broker in 2024.
Forex.com
Forex.com is one of the leading offshore brokers for day trading to execute swing-based strategies. This platform supports swing traders with educational material, guidance, and strategy on swing trading. For example, this broker teaches traders the fundamentals of swing trading, including what is swing trading, examples in forex, and how to find opportunities.
Specifically, you can swing trade forex from the US, including popular currency pairs. With Forex.com, you can further access a wide range of trading platforms, including:
- WebTrader – Create & Track New Orders Directly Through Charts
- TradingView – Receive feedback On Your Trading Strategies From Professionals
- MetaTrader Suite – Access Nine Expert Advisors (EAs) To Run Automated Strategies
- Simulated Trading – Practice Your Strategies In Risk-Free Simulated Trading Environments
You can find spreads as low as 0.8 pips and no commissions. With these swing trading costs, the Forex.com brokerage is widely suggested online.
TradeStation
TradeStation is another best swing trading forex brokerage platform for forex in 2024. TradeStation offers detailed technical analysis and robust trading tools along with swing trading. As a swing trader, you can leverage commission-free trades on stocks and ETFs. Plus, this broker offers competitive commissions on mutual funds, options, and other investments.
You can choose their TS GO plan and start forex trading with minimum low investment. Additionally, their TradeStation 10 platform has capabilities that allow you in complex charting for automated swing trading strategies. You can take advantage of these varieties of tools and resources tailored to your needs for swing trading. Indeed, choose TradeStation as a trusted platform for swing trading in 2024.
TradingView
TradingView is a fast, reliable, and user-friendly platform for professional swing traders. Compared to other charting platforms, TradingView offers direct access to indicators, drawing tools, charts, and hot keys. In fact, you can even access the layout customization option to create custom alerts for market updates. To execute profitable swing trading strategies, TradingView supports 100+ technical indicators – along with 100,000 community-built indicators.
A few additional factors to consider TradingView for swing trading include:
- Community resources for complete beginners
- Advanced backtesting support to evaluate your swing trading strategies against historical data
- Paper trading to test the profitability of a strategy on demo accounts
- Real-time news updates to capture the shortest price movements
Indeed, increase your long term profit potential with TradingView’s fast, reliable, and user-friendly swing trading platform.
Interactive Brokers
Interactive Brokers is among the top-rated swing trading platforms for managing multi-instrument portfolios. With access to 125+ financial markets – you can execute swing trading strategies on a wide range of instruments. In addition, you can also take advantage of this algo trading broker to automatically capitalize on short-term price movements across various stocks listed on Asian and European exchanges.
Customize IBKR’s TWS platform with your preferred analysis tools to capitalize on new market opportunities. With TWS application, you can further execute a large number of traders in one click – allowing you to take advantage of upcoming market movements. Here’s how to maximize profits on your swing trading strategies with IBKR’s TWS application:
- Create a dedicated MS Excel sheet with all your orders list
- Customize your sheets based on order types, size, and specific allocation method
- Directly import .csv files into IBKR’s TWS platform
- Schedule these orders to execute on a specific date ahead of time
Moreover, as a global trader checkout the in-depth review of IBKR forex broker for US traders to get started. Indeed, maximize your profits on swing trading strategies based on AvaTrade vs Interactive Brokers comparison.
Moomoo
Momoo is one of the leading swing futures brokers for day trading in UK. As a spread-based forex broker, Moomoo offers commission-free trading model – even for the most veteran swing traders. Plus, you can access real-time market updates for no additional charges. Ultimately, these cost-effective resources can help excel at your swing trading strategies. Additionally, Moomoo is another SEC-approved platform for the markets.
Moreover, you can further run fundamental analysis on your trading strategies with Moomoo’s built-in stock-screening tools, institutional mapping, and back-testing. To test your strategies, open a free paper-based swing trading account before moving to live markets. Definitely, consider Moomoo to maximize profits on your active swing trading strategies.
VectorVest
VectorVest is a professional swing trading platform to manage free stocks. With VectorVest, you can receive real-time alerts to capitalize on the right stocks. Instead of manually searching for swing trading indicators, VectorVest will provide latest news to identify the most profitable opportunities. In addition, VectorVest’s proprietary ranking system also highlights most potential stocks based on three types of ratings, including:
- Relative Value: Calculate the upside potential for each stock based on bond rates, risk exposure, and profitability
- Relative Safety: Evaluate the potential risk exposure of a stock.
- Relative Timing: Identify the latest price trends around a stock to capture event the smallest high-profit market directions
Indeed, choose VectorVest to execute swing trading strategies on stocks.
RoboForex
RoboForex is an automated platform to execute swing trading strategies. As a global forex broker, RoboForex is available in 169 countries with 3.5 million active users. In addition to traditional strategies, you can manage automated CFDs on 35 unique forex currency pairs.
RoboForex requires no commissions, inactivity charges, or account minimums from swing traders. You can directly automate your trading strategies and only pay a small withdrawal fee based on your selected payment method, including:
- Credit/Debit Cards
- Neteller
- Skrill
- PayPal
- Wire Transfers
Of course, these automated trading strategies on RoboForex demo accounts. Definitely, RoboForex is a reputable swing trading forex broker for automated strategies.
Discover the best suggestions for swing trading in Dubai UAE, UK, and worldwide platforms in 2024. Forex.com supports these strategies with guidance, strategies, and educational materials to capitalize on long term price movements. With TradeStation, you can run commission-free trades on FX, stocks, and ETFs. Choose TradingView if you want to analyze custom charts before executing swing-based strategies.
IBKR is an international offshore CFD trading broker to execute a large number of orders in one click. Meanwhile, stocks traders can consider VectorVest to receive automatic indicators for the best-performing stocks. RoboForex is an ideal choice for new swing traders looking for a platform with no account minimums, deposit fees, and inactivity charges. Follow the points above to find the best swing trading brokers for Forex in 2024.
Webull
Choose Webull swing trading brokers for forex trading. The platform supports basic to intermediate multi-day trading strategies. Get real-time market data, watch-list options, and technical indicators to make better trade decisions. You can use mobile and web platforms to analyze charts along with moving averages, MACD, and RSI indicators. Review various features the broker offers to traders:
1. Customizable charts along with 50 technical indicators.
2. Built-in scanner to filter stocks based on volume, price, and more.
3. Paper trading to test your trading strategy.
Webull is a great choice as it offers extended market hours and allows margin trading. You can trade commission-free across stocks, options, and ETFs. Beginner traders should consider a smaller account when starting out with a new brokerage. Surely, compare Webull vs Interactive broker to start trading.
IC Markets
Swing trade forex currencies with IC Markets. The company provides 2,200 tradable instruments inclusive of stocks, CFDs and 61 Forex trading assets. To trade daily, weekly or monthly, create a raw Ctrader account and install the platform for a commission of $6 per lot with 0.0 pips as an average spread. Additionally, you get a multi-angle perspective and an extensive trading environment within their authochartist tool. Moreover, the platform features drawing tools, tech indicators, and 20+ timeframe units to determine market sentiment and price strength. Swing traders can increase trade leverage up to 1:30 for higher yields on retail trading pairs. Your trades are secured by CySEC and Cyprus, considered as the highly advanced European regulators. Indeed, leverage trading central and autochartist tools for research based long-term trading.
FP Markets
Enter long-term trades with FP markets forex trading platform. The entity upgrades MetaTrader 4 and MetaTrader 5 to creates analytical and research based environment for swing traders. Both meta platforms are embedded with diverse charting tools, 12 FX plugins and journal software such as Trade Central. You can start trading with minimum $100 deposit with a 1:500 leverage on FX currencies. The exchange offers $6 commission with an average spread of 0 pip per a standard lot round. Copy in house trades using FP markets trading service or leverage auto trading tools for third party short-term copy trading. Beginners can leverage MAM and PAMM traditional trading accounts to access quality swing trading portfolios. Surely, enter trades with FP markets highly regulated and trustworthy trading environment.
BlackBull Markets
BlackBull Markets is a top choice forex broker for swing traders. Apart from its own trading platform BlackBull Trade, the broker also provides access to MetaTrader Web Trader, MetaTrader 4 & 5, TradingView and cTrader. As a short term trader, use these platforms to obtain detailed market analysis through customizable trading options and advanced charting tools. Certainly, BlackBull’s biggest strength is its diverse trading options that enables multi-market reach. With over 26,000 tradable assets, swing traders can trade in over 70 forex combinations, cryptocurrencies, commodities, futures, stock and indices.
Additionally, BlackBull’s highly competitive spreads start from 0.0 pips, with a high leverage ratio of 1:500 for optimized profit returns. Moreover, the broker offers various account types tailored to your swings strategy and preference such as ECN Prime, ECN Institutional accounts, ECN Standard, and so on. Blackbull is also regulated by the Seychelles Financial Services Authority. With its quick and reliable trade execution facilities, access to educational content, and 24/7 customer support, BlackBull is ideal for both beginner and professional swing traders.
NinjaTrader
NinjaTrader is another swing trading broker for foreign exchange markets. The platform offers a free-of-charge trading account to funded traders. Swing traders can start fx trading using advanced charting, market analysis tools, and advanced order types. Leverage NinjaTrader back testing options to test your algo reverse trading strategy. You need to pay $60/month subscription fees to access these features on non-funded accounts. The platform mostly focuses on futures and forex markets. Recently, the broker partnered with IBKR and TD Ameritrade to provide access to futures, CFDs, and the equities market. Surely choose the Ninja Trader platform for forex swing trading.
