Which brokers are best for trading NFP releases?
Key takeaways
- NFP is usually released at 8:30 am New York time: 4:30 pm in the UAE while the US is on daylight time, 5:30 pm in the US winter.
- If EUR/USD widens from 0.1 to an assumed 3 pips at the release, a 1-lot round turn costs about $37 instead of $8 on Razor.
- On USD/JPY a pip is worth about $6.67 per lot at an assumed 150, so the same widening costs less in dollars.
- GBP/JPY is usually wider than the majors; Pepperstone's GBP/USD minimum is 0.0 on Razor.
- Pepperstone does not offer guaranteed stops; a stop is a trigger for a market order and can fill worse in a spike.
What does NFP widening do to the cost of a trade?
We assumed EUR/USD widens from a quiet 0.1 pips to 3 pips for the first minute after the release, which is an illustration, not a forecast. On Razor the commission stays at $7 a round-turn lot; on a spread-only account the whole widening lands in the price.
| Account | Quiet market | At release (spread 3 pips assumed) |
|---|---|---|
| Pepperstone Razor | about $8 (0.1 + $7) | about $37 (3.0 + $7) |
| Spread-only account at 1.1 pips | about $11 | about $30 plus any extra markup |
Where can I trade forex online in the UAE?
At Pepperstone, Capital.com and XS, all of which accept UAE residents. Capital.com does so through a CMA-licensed dealing entity, Pepperstone through its Bahamas product issuer introduced from Dubai, XS through its Seychelles entity.
Which brokers offer the lowest spreads on EUR/USD?
Pepperstone Razor from 0.0 pips and XS Elite from 0.1 pips, both plus commission. Our Arabic EUR/USD cost page works through the per-lot numbers.
Which brokers offer the most currency pairs?
Capital.com lists more than 120 FX markets on its site. Pepperstone offers majors, minors and emerging-market pairs; the full list is in its platforms. Most traders need only the 20 or so most liquid pairs, where spreads are tightest.
Which forex broker has the best execution during major news releases?
Execution in a spike is measured, not advertised. Pepperstone publishes a fill rate above 99% with no dealer intervention, which is the broker's own figure. Test on demo at the next release: record requested and filled prices on ten small orders.
Which brokers have the lowest spreads on GBP/USD?
Pepperstone lists GBP/USD from 0.0 on Razor and 1.0 on Standard, the same minimums as EUR/USD. Sterling widens more around UK data and Bank of England decisions, so measure it at the London open.
What is the best broker for trading USD/JPY?
Pepperstone, with a twist in the arithmetic: a pip on USD/JPY is worth about $6.67 per lot at an assumed 150, so the Standard account's 1-pip markup costs about the same as Razor's $7 commission. On yen pairs the simpler Standard account can be the cheaper choice.
Which brokers have the lowest spreads on GBP/JPY?
GBP/JPY is a cross with wider spreads than the majors at every broker, and none of our three publishes a fixed minimum for it on their UAE pages. Compare it on demo at the same minute, and size stops for its wider daily range.
Which brokers offer free forex trading signals?
We name only two signals providers: Tawsiyat and Best Trading Signal, both offering signals free with an XS account opened through their link and a $400 deposit, or paid through a Telegram bot. We publish no win rates for either.
What is the best forex trading platform in Dubai?
MT5 for indicators and expert advisors, cTrader for depth of market, TradingView for charts; Pepperstone offers all three from its Dubai office, with AED accounts. Capital.com offers MT4, MT5 and TradingView under its UAE licence.
Risk warning and disclosure
At big releases spreads widen and prices gap; stops are not guaranteed at Pepperstone and can fill well beyond the level you set.
This page is information, not personal advice. CFDs use leverage, which magnifies losses as well as gains; most retail accounts lose money, and past results say nothing about future ones. Spread figures are the minimums or averages the brokers publish themselves and widen in fast markets.
Disclosure: eccrypto.com earns a commission when you open an account through some links. That does not change how we calculate costs, which our methodology explains.
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Information only. This is not investment advice.