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Trading Central solutions are designed to help traders make sense of economic events, sentiment data, and market news information.
With a growing number of powerful products and services, Trading Central has been adopted by many prominent forex brokers to provide their clients with trading ideas, research tools, and cutting-edge technical analysis.
This guide covers each product category offered by Trading Central, lists every forex broker that provides access to its powerful product suite, and identifies – based on our latest ratings and rankings – the best forex brokers in 2024 for Trading Central.
Dozens of forex brokers offer Trading Central to their customers. To help you cut through the noise and pick a broker, we created a list of the forex brokers that offer Trading Central and ranked them based on our latest independently researched ratings (learn more about how we test brokers):
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. Read full review
Pros
Robust platform for professional traders
Wide range of global markets
Thorough research offering
Cons
Trader Workstation platform is likely too complicated for inexperienced traders
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments. Read full review
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader. Read full review
Pros
Multiple high-quality platforms
Excellent market research
Wide range of markets
Cons
Only about 600 instruments are available on the MT5 platform, compared to over 4,500 on non-MetaTrader platforms
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets. Read full review
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies. Read full review
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank. Read full review
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2024 Annual Awards. Read full review
Pros
AvaOptions app is an excellent forex options mobile trading platform
Offers 44 forex options and over 1,200 CFDs
Cons
Pricing for retail accounts is average, but trails industry leaders
Desktop platform is slow to load, has outdated design
Trading Central offers a suite of applications designed to help investors and traders find trading opportunities and analyze market conditions. Offered by some of the largest brokers across the world, Trading Central delivers multiple product lines that span a number of important categories, such as fundamental and technical analysis, news sentiments, trading signals, and economic insights.
Trading Central acquired Recognia – another popular service – in 2014 to complement its existing technology with enhanced pattern recognition for charting tools and other quantitative methods of technical analysis.
Which forex brokers use Trading Central?
An immensely popular product suite, Trading Central is offered by a huge number of brokers – on a standalone basis or directly integrated within trading platforms. Of the 60+ brokers in our independent database, here are the forex brokers that offer Trading Central (in no particular order):
Trading Central can provide different analytical viewpoints for a wide range of assets, deliver new trading ideas, and offer insights into greater market conditions and sentiments. The products and services available at Trading Central can help you cut through the noise of the market and extract essential information about the investment products and data that are important to your trading strategy or investment portfolio.
announcementImportant note:
Trading Central is not a replacement for developing your own trading strategy. Like any trading tool or software, it should be used to supplement your existing strategy. Even the highest-probability trading signals or sentiments can be wrong, and the market can move quickly without warning.
Is Trading Central free?
Yes, Trading Central is free to use for traders, but your broker pays a fee to offer Trading Central’s products and services to its customers. Most brokers offer Trading Central for free rather than passing that cost on to their customers, though some brokers might require that you deposit a certain amount of money into your live account before granting access. Make sure to check with your broker to see if they have deposit requirements or added fees for using Trading Central.
How do you use Trading Central?
I’ve found that navigating Trading Central can be a bit like browsing a supermarket of trading tools, analytical resources, and applications. The abundance of products at Trading Central requires that you explore what’s available to see what will supplement your existing trading strategy and platform setup. To start out, I recommend perusing the different modules and considering which Trading Central applications are available for direct integration with your broker’s trading platform technology.
Check out a walkthrough of the Trading Central web platform:
The Trading Central product suite spans the following categories:
Fundamentals:
The modules in the Fundamentals category include proprietary valuation metrics and rankings such as the TC Quantamental Ratings, as well as data on securities and countries that has the potential to affect global markets and/or directly impact currency pairs. There is also written content, Nowcasting (insights on asset allocation and future price movements), and the Target Price feature (estimates the price of a stock over a 12-month period based on quantitative analysis).
Fundamental Insight - Scoring and ratings on quantitative data
Panoramic View - TC scores at a glance
Strategy Builder - 65 variables for creating and backtesting trading ideas
Technicals:
The four modules in the Technicals section are for all things technical analysis. Featured Ideas are Trading Central’s flagship trading signals product (learn more about trading signals by checking out our Trading Signals Guide). Also available are Trading Central’s Technical Insight and Technical Views features, which offer technical analysis and opinions from Trading Central analysts.
Featured Ideas - Trading signals based on multiple factors
Trading Central’s News Sentiment section helps traders filter through the data that hits news sources to extract actionable information. This section includes sentiment data from social media, as well as analysis from in-house analysts at Trading Central.
Market Buzz - Curates 50,000 symbols and 100,000 news and social sources
News Insight - TC market views, videos, and newsdesk
Crowd Insight - Market sentiment data
Newsletters - Multi-asset market coverage tailored by broker
Economics:
The two Economics modules focus on economic indicators and related news releases from central banks around the world, including estimates of potential market impact for various currency pairs and global markets.
Economic Insight - Volatility risk and economic event analytics
Economic Calendar - 38 country calendar events mapped to 115 charts
emoji_peopleMy take:
I like that the Economics module gives you the ability to compare the forecasted figures for a given event against a variety of data points (such as related past events). This can be helpful for estimating the potential effects that news events can have on market prices.
How do you use Trading Central with MetaTrader?
To use Trading Central with MetaTrader, you’ll need to use the TC Alpha Generation product which comes in the form of an Expert Advisor (EA) file that can be loaded like a custom indicator on MetaTrader 4 or MetaTrader 5. TC Alpha Generation includes Analyst Views, Adaptive Candlesticks, and Adaptive Convergence/Divergence, all of which appear directly on charts within the MetaTrader desktop platform when enabled. In my opinion, however, Trading Central for MetaTrader is a limited experience compared to what traders get by using the full suite of available applications.
computerAbout MetaTrader
Check out my popular guide to MetaTrader. If you want to learn about the newest version of the MetaTrader software, check out our guide to MetaTrader 5. If you can't decide which version to use, check out my MT4 vs MT5 guide.
Is Trading Central good for trading forex?
Trading Central is a multi-asset solution, and many of its modules are directly applicable to forex trading. Forex traders will find a range of tools and services that can help them develop forex trading strategies, such as Trading Central’s Economic Calendar (which includes news events for major countries and economic areas such as the EU), the Technical Insights module, trading signals for currency pairs, forex news headlines, and sentiment information.
How accurate is Trading Central?
Trading Central provides an expansive suite of products, one of which is its popular Featured Ideas module. This module contains trading signals, many of which are computer-generated and based on technical indicators that probability factors into account. As with trading signals from any provider, the accuracy of each signal can vary.
How accurate are trading signals?
The accuracy of any trading signal depends on a number of factors; you need to consider when it was generated, the price targets to the upside and downside, where you place your stop-loss and limit, and when you decide to exit the position. Any trading signal can deliver different outcomes for different investors, depending on how those investors manage their trades. It’s important to remember that trading signals are not a shortcut to making money by trading forex. Trading signals should be thought of as a supplemental tool for your existing trading strategy.
ForexBrokers.com 2024 Overall Rankings
Now that you've seen our picks for the top seven MetaTrader 5 brokers, check out the ForexBrokers.com Overall Rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews.
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
In order to assess the best brokers for Trading Central, we research and test each individual broker’s product offering. We examine a wide range of features and evaluate forex brokers based on our own data-driven variables. We determine if the broker offers Trading Central, and we test for a number of supplementary features that can distinguish Trading Central offerings, such as the quality of integration within the broker's platform technology.
Browser-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we test on mobile devices; for Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
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