Forex Brokers for Swing Trading

  1. What is Swing Trading Broker?
  2. What is Swing Trading Platform?
  3. How to Do Swing Trading?
  4. What is Swing Trading vs Day Trading?
  5. Swing Trading Brokers List

What is Swing Trading Broker?

Swing trading is one of the popular Trading strategy that many traders use to profit from short-term or longer-term price movements in the market. It involves opening a position and holding it for a few days to a few weeks, in order to take potential profit from the market movements happening longer than a day that is why called ‘Swing”.

  • The choice of a broker in swing trading is essential since some Brokers restrict use of some strategies but in most cases, Swing Trading is allowed by majority of Brokers
  • Thus traders should verify with Broker if strategy is allowed and look for brokers that provide the trading tools and resources necessary to execute the strategy, including access to real-time market data, charting and analysis tools, and a range of order types.
  • In swing trading investors typically use technical analysis to identify movements in stocks, currencies, or other assets.

Read more about Swing trading on Wikipedia page.

🛡️ Trading StrategySwing Trading Strategy
💰 SpreadDepends on the Broker and Instrument
📊 Fees/ CommissionTypically Yes with overnight or holding charges applied
🔒 RejectionTypically No

What is Swing Trading Platform?

A swing trading platform is a software application that allows traders to use a swing trading strategy. A platform for swing trading includes a range of tools and features that help to identify trading opportunities and ensure favorable trading.

When looking for a swing trading platform, we recommend learning well about Swing Strategy, check it well and Demo Test before Real Trading: 

  • The choice of the Tradng Startegy is crucial for each trader and each selects what is more suitable personally.
  • Swing Trading is one of the most popular Trading strategies widely used along with Day Trading, Scalping Startegy, Algorithmic Startegy and is considered one of the Long-Term strategies
  • Swing trading typically involves less risk yet the profits are also lower, since the trader holds position for a few days potentially profiting from the bigger move of the Market, which also requires less time to follow but mainly analyzes the Market open the position and hold it until Take Profit or Stop Loss reached. At last, Swing trading does not require a great input of funds as day trading does.
  • Mostly all Brokers and Platforms support Swing Trading Strategy, yet is good to verify this with your Broker. While the choice of the platform itself is a personal decision since platforms vary by their tools and additional features included which might be more suitable to Analyze and perform Swing Trading
  • Alike MT4, MT5 and cTrader, NinjaTrader are especially good for swing Trading due to its comprehensive charting and tools features.
  • Overall, while choosing a swing trading platform and Broker, we would advise traders to consider the following points including Brokers reliability, cost with overnight and holding fees, availability of the platform and instrument you wish to use, also check on the education materials to learn well the basics and notes about Swing Strategy itself and how it is best to use it
  • Charting and technical analysis tools are extremely inportant in Swing Trading to analyze price charts along with some indicators being very helpful to identify potential trades mainly following Trend Trading
  • Another important note is to Backtest and Simulate the Strategy before you place it in real Trades. This allows traders to test the strategy well and identify notes you personally would be comfortable trading with before going to Real Trading, so is good to choose Broker with Demo Account
Swing Trading AdvantageSwing Trading Disadvantage
Suitable for Both Beginning and Professional TradersMarket risks
Allowed by many BrokersChoice of the Reliable Broker is crucial
Good to Use Technical analysisOvernight Fees applied
Offering good selection of accounts or systems to followNot Suitable for everyone
Low feesRequires longer time to gain profits
Requires Less time to Follow

Top 5 Best Forex Brokers for Swing Trading

Below you will find a listing of our Best Reviewed Swing Trading Brokers and Brokers allowing Swing Trading suitable for Both Beginners (Find out the Best Forex Trading Platform for Beginners) and Seasoned traders. These brokers provide various platform and are good for Swing Trading Strategy which we select by category:

  • HFM – Best Overall Swing Trading Broker 2024
  • BlackBull Markets – Best MT4Swing Trading Broker 2024
  • FP Markets – Best MT4 Swing Trading Broker 2024
  • Eightcap – Lowest Spread Swing Trading Broker 2024
  • BDSwiss – Best Broker for Swing Trading Strategy 2024

How to Do Swing Trading?

Swing Trading being one of the trading strategies first require good understanding and ability to analyze the Market to open positions once strategy criteria are met, also plasing Take Prorfit – Stop Loss parameters since the strategy is held for around few days and should be closed once identified levels reached. For better Swing Trading performance, it is advisable to consider the following steps:

  • Develop a trading plan
  • Analyze the markets
  • Identify opportunities in trading
  • Manage risks, such as putting stop-loss

What is Swing Trading vs Day Trading?

Both Swing Trading and Day Trading are popular strategies, however, they are different in performance. While day traders make multiple trades in a single day, swing traders make fewer trades and hold them over a longer time period typically more than a day.

How to Find Stocks for Swing Trading?

To find stocks for swing traders should use both fundamental and technical analysis as first for various Stocks available. Traders should start by identifying the market or sector. Following news (company earnings reports, economic data releases, and geopolitical developments) is also essential, as staying up-to-date with news and events could affect swing trades.

The Complete List of Forex Platforms Offering Swing Trading

These are the brokers that are regulated and are recommended by us for Swing Trading:

Broker Detail
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, cTrader, BlackBull Trade, Trading View
Regulation: FMA, FSA
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
FP Markets Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
Errante Review Logo Errante
Min. Deposit: $€50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, FSA
Errante Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Pepperstone Review
KCM Trade Review KCM Trade
Min. Deposit: 500 US$
Max. Leverage: 1:400
Trading Platforms: MT4, MT5, KCM Trade WebTrader
Regulation: ASIC, FSA
KCM Trade Review
SquaredFinancial Review Logo SquaredDirect | SquaredFinancial
Min. Deposit: $250
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, Mobile App
Regulation: CySEC, FSA
SquaredDirect | SquaredFinancial Review