Best Brokers That Support Trading Central
Trading Central offers analytical research, news sentiments, economic insight, and trading signals to traders. Fusing all of this helps traders make better decisions while placing orders. Many brokers have adopted Trading Central, which helps the client make confident, credible, and sound decisions. The product has wide functionalities including pattern recognition to trigger high-potential trading ideas. Luckily, various brokers support Trading Central in the South African market. Today we will look at some of the best brokers that support Trading Central in South Africa.
What is Trading Central?
Trading Central is a company that offers analysis and information to traders. The company has been providing traders with software solutions since 1999. Trading Central allows traders to learn about the financial market plus they help clients manage their risk by providing information on market developments. They also provide 24-hour news coverage across various markets that include stocks, indices, forex, and more.
Our Criteria for Choosing the Best Brokers that Support Trading Central in South Africa
There are 4 key features when identifying the best Trading Central brokers.
- The broker has to offer Trading Central.
- Regulations and licenses- We will only review well-regulated brokers.
- Variety and availability of trading instruments – The diversity of market instruments helps clients to spread their risk.
- Trading fees – Brokers with low spreads are more reputable considering no trader wants to pay large sums of money when trading.
- The Trading Platform- The trading platform offered must be suitable for all kinds of traders and offer fast execution.
Now let’s see some of the best Trading Central brokers in South Africa.
FP Markets is a popular South African broker that gives its users access to Trading Central. With the analytical tools and in-depth market knowledge that Trading Central offers, clients can invest with an informed approach to the market. There are a variety of markets available for clients to invest in. They include forex, shares, metals, commodities, indices, Digital currencies, and ETFs.
South African traders would be glad to know that FP Markets is regulated in South Africa by the FSCA alongside other reputable organizations. These include the CySEC in Cyprus and the ASIC in Australia. With such regulations, we can see why FP Market is quite popular among traders.
Additionally, FP Markets traders receive some of the best pricing on its two accounts, the standard and the raw account. The standard account has spreads as low as 1.0 pips with no commission while the raw account has spreads as low as 0.0 pips with a commission of $3. Per side per lot.
Lastly, FP Markets offers various trading platforms to choose from that are advanced and easy to use for all types of traders. They include MetaTrader 4, MetaTrader 5, IRESS, cTrader, and WebTrader. Further, FP Markets offers ECN technology to its clients and traders receive ultra-fast execution with minimal slippage.
Screenshot taken from the official FP Markets site (Platforms > Trading Tools > Trading Central)
Exness uses Trading Central signals that help traders to develop their strategies and plan their trade. The signals incorporate a variety of analytical approaches that provide traders with valuable tools for trade. Here, clients get access to Trading Central WebTV, which gives clients daily videos with commentary and trading ideas from Trading Central. The company believes that this is crucial to give clients an edge when trading financial markets.
Remarkably, this company has licenses and regulations from international bodies that make Exness stand out among other brokers. With regulations from CySEC in Cyprus, the FCA in the UK, the CMA in Kenya, and the FSCA in South Africa, Exness is well regulated. Such regulations give clients a sense of security knowing that the broker is required to provide a fair trading environment.
Further, Exness offers two different accounts for beginner and advanced traders. They include the standard and the professional accounts. The standard has two main accounts the Standard and the Standard Cent account. The two accounts are primarily spread based with spreads as low as 0.3 pips with no commission. The professional account has three main accounts Raw, Zero, and Pro accounts. They have spread as low as 0.0 pips on the Zero and Raw accounts, and 0.1 pips on the Pro account. The Pro account has no commission while the Raw and Zero accounts have a commission as low as *$3.50 and $0.2 per side per lot respectively.
Exness has a variety of trading instruments that clients can invest in and spread their risk. These instruments are from the forex, metals, cryptocurrency, energies, stock, and indices markets. Some of the trading platforms offered by Exness include MetaTrader 4, MetaTrader 5, Exness Terminal, and Exness Trade App. The diversity gives clients the freedom to choose the platform that better suits their needs.
Forex.com is another reputable broker that supports Trading Central in South Africa. Trading Central is one of the main software that Forex.com offers to its clients under its Trading Tools section. It scans the market to find actionable trade ideas, saving clients some precious time. This program gives investors notifications when it determines that the market is either overvalued or undervalued. There are over 5,500 instruments to trade with this broker. Clients can invest in CFDs on forex, stocks, indices, commodities, precious metals, and cryptocurrencies. Diversity is always an added advantage on any broker site.
Further, we can say that Forex.com has good credibility in the market. For starters, it is a regulated company in a number of economic zones including in the USA by the CFTC and NFA, in the UK by the FCA, in Cyprus by the CySEC, and in Australia by the ASIC. Additionally, this company has over 21 years of providing brokerage services.
Finally, we have to mention the fees charged by this broker. On its standard account, the spreads are relatively low and industry standard. They start at 1.0 pips for major currency pairs. They go even lower for the commission account. Here, they start from 0.0 pips plus a $3 per side per lot commission.
Screenshot taken from the official Forex.com site (Platforms > Trading Tools > Trading Central)
AvaTrade is one of the brokers in the South African market that offers Trading Central. It is duly regulated in South Africa by the FSCA under license number 45984. With Trading Central, South African traders can increase their edge when trading. This is because it offers its award-winning services such as Market Insights and Intelligence directly to its clients. AvaTrade has made Trading Central’s services available through proprietary interfaces, WebTrader and AvaTradeGO. Notably, clients can download the Trading Central plugin and use it on AvaTrade’s MetaTrader 4 and MetaTrader 5.
Further, clients can receive market insights via notifications on SMS, email, and push notifications. Traders can invest in over 1,000 financial instruments and spread their risk. The markets available include forex, metals, commodities, indices, bonds, ETFs, and equities. AvaTrade offers some of the lowest spreads in the market, starting from as low as 0.6 pips for major currency pairs.
Lastly, AvaTrade is not only regulated in South Africa. This broker also has authorization and regulations from the CySEC in Cyprus, the Central Bank of Ireland in Ireland, and the KNF in Poland. These regulators are well respected and ensure brokers provide fair trading conditions.
With Admiral Markets, traders can access various features that include forex-featured ideas and technical insights. Trading Central provides pattern recognition scanners, actionable analysis, and trading ideas that are up-to-date. Traders can access all these features on Admiral Markets through its Admirals Supreme Edition Plugin. These features will help boost the client’s trade.
Admiral Markets does not require a trader to pay hefty fees. Admiral Markets offers some of the lowest spreads in the market depending on the account a trader uses. The Trade.MT5 account has spreads starting from as low as 0.5 pips on major currency pairs. This is the main trading account on Admiral Markets. The other accounts feature spreads starting from 0.0 pips with commissions paid. The commissions range from *$1.8 to $3 per lot depending on the account.
Further, traders can various global markets that include forex, commodities, indices, stocks, ETFs, and bonds. Traders trade these various instruments on market standard platforms. The platforms available to choose from include MetaTrader 4, MetaTrader 5, WebTrader, and Admirals Mobile App.
Finally, Admiral Markets has regulations and licenses from reputable organizations. These regulations safeguard traders’ interests and protect them from defrauders. While regulations alone are not enough, they are a good sign that a company is willing to follow the rule of law. Notably, this company is regulated by the FSCA in South Africa, the CySEC in Cyprus, the FCA in the UK, and CMA in Kenya.
Vantage Markets is regulated by the FSCA in South Africa and offers Trading Central to South African clients. It offers Trading Central to clients in a promotion program. As part of this program, both new and existing traders get access to this industry-leading analytical software. Traders are required to fund their accounts with a minimum of $500 to get access to this program. Trading Central gives clients daily forex signals directly to their inboxes.
Clients can invest in a variety of asset classes which include forex, indices, precious metal, energy, bonds, and shares. For trading platforms, Vantage Markets does not disappoint. The company offers some of the best platforms in the market which are MetaTrader 4, MetaTrader 5, ProTrader, and WebTrader.
Vantage Markets offers three account types that have some of the tightest spreads in the market. they include the standard, the Raw ECN, and the Pro ECN account. While the standard account has a spread as low as 1.0 with no commission, the Raw ECN and the Pro ECN have spreads as low as 0.0 pips with a commission of *$3.00 and $1,50 per lot per side respectively.
Lastly, Vantage Market has licenses and regulations from various regulators to safeguard clients’ interests. The company is regulated by the FSCA in South Africa, the CySEC in Cyprus, ASIC in Australia, and the CIMA in the Cayman Islands. CySEC and ASIC are among the two best regulators in the market.
In this review, we have listed some of the best brokers that offer Trading Central in south africa. We have seen that the best brokers have a lot of things in common from advanced trading platforms to top-tier regulations. Most traders prefer Trading Central because it helps them to make better decisions.
Since this is not an extensive list we advise traders to do a lot of research and choose a broker that better suits their needs. It is not enough that a company provides Trading Central. The company still has to provide quality services without compromise.