Brokers with Good Trading Indicators

  1. What is Trading Indicator?
  2. What is Forex Trading Indicators Broker?
  3. Top 5 Forex Brokers for Trading Indicators
  4. What is Best Indicator for Trading Overall?
  5. What are the Best Indicators for Day Trading
  6. List of Forex Platforms with Trading Indicators

What is Trading Indicator Platform?

In trading, Forex Indicators are considered an essential tool as Indicators accommodate analysis and indicate the tendency of the market price movement.

In fact, various Trading Platforms feature different Indicators selection while some might be more suitable for Professional or Regular Trading use, besides the range of trading Indicators is always depending on the Broker offering itself. Since Broker provides either its own or third-party trading platform which may inlcude smaller or bigger Trading Indicators range, also on a free basis or on some charge.

See some of our important finds about Indicators below:

  • The main role of Indicators is not predicting, but rather giving an overall understanding of the situation in the market following some specified determined criteria mainly using Technical analysis, and in a combination of other tools Indicators truly offer greater trading capabilities.
  • In fact, different indicators are created to satisfy different market expectations and strategies (long-term trading or short selling), so they are good for some things, and not satisfactory for others. There are thousands of trading indicators in the market, and choosing the right ones is essential while it all depends on the platform you choose.
  • However, Trading Indicators being a part of Trading tools does not guarantee any success in trading performance, it is all depending on the instruments you trade and the strategy you deploy

Read more about Technical Indicators on Wikipedia.

🖥Platforms with good Trading IndicatorsMT4, MT5, cTrader, NinjaTrader, IBKR
🛡️ Technical Analysis BenefitsInterprets market price actions/ technical data
💰FeesDepends on the broker (mainly free), some tools might be based on fee
📉 InstrumentsApplicable to All instruments and Positions

What is Trading Indicator Broker?

To be able to make good use of Trading indicators, it is first of all important to choose the right broker, with favorable conditions and reliable offerings. While Broker Platform offering provides various indicators will work better by giving the right trading signals, thus creating better results.

  • Indicators usually become a part of everyday trading, being an important tool for decision-making. By offering trading indicators brokers help traders to be more knowledgeable about the market and get the best out of their trading experience.

Generally, Forex indicators we come across on the MT4 platform and other industry-popular platforms, are classified by 4 main types. Here is a short summary of each popular Trading Indictors used and offered:

  • Trend Indicators: analyze the direction of the market trends. This way is shown the average market price and the historical movement of the price – Moving Average
  • Momentum Indicators: show the strength of the trend. With its two main types – leading and lagging, it is possible to identify the price movement. Some of the best-known Momentum indicators are Stochastic Oscillators and MACD.
  • Volatility Indicators: Some strategies work perfectly in high volatility conditions while failing in conditions of low volatility. Some of the known Volatility indicators are Bollinger Bands and the Average True Range.
  • Volume Indicators: showing volume of the traders participating in the trading during the day. Still, Volume indicators might be good for exchange markets, but they can prove not so useful for instance in the case of the OTC market.
Indicators AdvantagesIndicators Disadvantages
Good for beginner tradersNot all of them are useful for professional trading
Are easy for InterpretationCan be often unreliable on its own
Identify the price movementsPerformance based on strategy and instrument you trad
Show market trendsVariety depends by the Broker and Platform it offers
Analyzing Markets based on Technical criterias
Exclude emotional side from trading

Top 5 Best Forex Brokers for Trading Indicators

Below you will find a listing of our Best Reviewed Trading Indicators Brokers suitable for Both beginners (Find out the Best Forex Trading Platform for Beginners) and Professional traders. We have included only regulated and trustworthy brokers with excellent trading conditions, also powerful trading platforms and good selection of Indicators included:

  • HFM – Best Overall Trading Indicators Broker 2024
  • BlackBull Markets – Best Lowest Spread Trading Indicators Broker 2024
  • FP Markets – Best MT4 Trading Indicators Broker 2024
  • Eightcap – Best for Beginners Trading Indicators Broker 2024
  • BDSwiss – Best Trading Indicators Broker for Scalping 2024

What is the Best Indicator for Trading Overall?

Usually, different indicators are good for different expectations, however, there are still indicators that help to identify overall market trends. Moving averages is one of the best forex indicators that helps to reveal the overall trends. Moving averages are mostly used by trend-following algorithms.

What are the Best Indicators for Day Trading?

Many experienced day traders choose the Average True Range and Moving Averages alike for their trades. This is a well-known trading indicator that mostly reveals market volatility.  This is a great indicator for stop-loss strategy, as it helps to determine where exactly to put a stop-loss.

Best Indicators for Crypto Trading

For crypto trading, some of the best indicators are the Relative Strength Index (RSI) and Moving Averages (MA). RSI measures the price movement change and the change speed. MA is popular for Bitcoin and the crypto markets. It shows the average price of the recent candles.

List of Forex Platforms with Trading Indicators

Here is the list of regulated and trustworthy Brokers that offer good Trading Indicators:

Broker Detail
Saxo Bank
Min. Deposit: $5,000
Max. Leverage: 1:30
Trading Platforms: SaxoTraderGo, SaxoTraderPRO
Regulation: DFSA, FCA, ASIC, CBUAE, JFSA, MAS, SFC
Saxo Bank Review
OANDA US
Min. Deposit: No minimum deposit
Max. Leverage: 1:50
Trading Platforms: MT4, fxTrade Mobile, TradingView
Regulation: NFA, CFTC
OANDA US Review
XM
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:1000
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, FSC, DFSA
XM Review
Instaforex Review InstaForex
Min. Deposit: 0 $
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, WebTrader, MobileTrader
Regulation: CySEC, FSC BVI, FSC
InstaForex Review
Exness Review Exness
Min. Deposit: 10 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA
Exness Review
XPro Markets Review Logo XPro Markets
Min. Deposit: $250
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, Webtrader
Regulation: FSCA
XPro Markets Review
Headway Review Logo Headway
Min. Deposit: $1
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: FSCA
Headway Review
IUX Logo Review IUX
Min. Deposit: 10 US$
Max. Leverage: 1:3000
Trading Platforms: MT5, IUX WebTrader
Regulation: FSCA, FSA
IUX Review
M1 Finance Review Logo M1 Finance
Min. Deposit: $100
Max. Leverage: Margin Trading
Trading Platforms: M1 Proprietary Trading Platform, Mobile Apps
Regulation: SEC, FINRA, SIPC
M1 Finance Review
Qtrade Review Logo Qtrade
Min. Deposit: $0
Max. Leverage: Margin Trading
Trading Platforms: Qtrade Proprietary Trading Platform
Regulation: IIROC, CIPF
Qtrade Review