Tradingview has become one of the most popular charting and technical analysis platforms for traders. With its easy to use interface, customizable charts and large community, Tradingview provides traders with an advanced suite of trading tools.
One of the standout features of Tradingview is the ability to connect your brokerage account to directly trade from the platform. But with so many broker options out there, how do you know which ones work best for Tradingview?
In this complete guide, we will cover everything you need to know about choosing a broker for Tradingview in 2024.
What is Tradingview?
For those new to Tradingview, it is an online charting platform and social network for traders. Tradingview provides real-time data and analysis tools across stocks, forex, futures and cryptocurrencies.
Some of the key features include:
Tradingview is used by over 30 million traders monthly and it's completely free to use the basic features. There are also premium plans available that unlock more advanced features.
Can You Trade on Tradingview?
The basic Tradingview plan does not support live trading. However, with a broker integration you can trade directly from your Tradingview charts.
This allows you to analyze the markets using Tradingview's tools and then place your trades without having to switch between platforms.
Tradingview supports integration with dozens of brokers globally across stocks, options, forex and crypto. Popular US stock brokers like Etrade, Interactive Brokers and TD Ameritrade are supported.
For forex, brokers such as Oanda, FXCM and IG Markets allow you to trade currency pairs directly on Tradingview. There is also integration for leading crypto exchanges like Coinbase, Binance and FTX.
We'll cover the full list of supported brokers later in this post.
Is Tradingview a Brokerage?
Tradingview itself is not a broker. They are a financial analysis and social platform for traders. One of the benefits of Tradingview is the ability to use the platform with your choice of broker that offers an integration.
This provides flexibility to choose a broker that matches your specific trading needs in terms of assets, commissions, platform features, geographic availability and regulation. Tradingview does not require you to open an account with any specific broker to use their platform.
Some key benefits of Tradingview not being a broker include:
For those new to trading, having Tradingview as an independent platform keeps things simple. You can focus on developing your trading strategy without worrying about the nuances of different brokerage accounts right away.
Tradingview Supported Brokers
Tradingview has over 90 supported brokers across their major asset classes. Here are some of the most popular brokers available on Tradingview:
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Stocks/Options
Forex
Crypto
Futures
This covers most of the major retail brokers, but there are dozens of smaller niche brokers also available. You can find the full broker list at Tradingview Brokers.
It's also worth noting that some brokers offer discounted Tradingview plans to their clients once integrated. So connecting your broker account can save you money beyond just the trading benefits.
How to Connect Your Broker on Tradingview
Connecting your brokerage account to Tradingview is a straightforward process. Here are the general steps to link your broker:
Once your broker account is connected, you can trade directly from the Tradingview charts and analysis screens. The process is largely the same across different brokers.
Some key settings to adjust once connected are:
Be sure to test placing trades and managing orders to get comfortable with the broker integration before using it seriously.
It’s also important to understand the trading costs, leverage and margins from your connected broker account to avoid any surprises.
Top 5 Tradingview Brokers for 2024
With so many broker options out there, here are 5 of the best brokers to use with Tradingview in 2024:
Oanda
Oanda is one of the most popular forex brokers integrated with Tradingview. They offer competitive spreads from 0.1 pips, no minimum deposits and don't charge commission on trades. Oanda also provides a transparent cost structure with no hidden fees.
Interactive Brokers
Interactive Brokers is widely considered one of the best brokers for professional and active stock, options and futures traders. They offer discounted data packages and trading commissions for high volume traders.
TD Ameritrade
TD Ameritrade provides solid trading tools, education and $0 commissions on online stock, options and ETF trades. As a large US broker, they have great integration features with Tradingview.
Etrade
Etrade delivers a robust trading platform alongside $0 commissions and an excellent mobile app experience. They are a great choice for casual US stock and options traders.
Coinbase
For crypto traders, Coinbase has the best overall experience. They offer easy account setup, support for dozens of cryptocurrencies, and both basic and advanced trading platforms.
This covers some of the best all-around Tradingview brokers, but you can explore the full list to find one tailored to your specific trading preferences.
Tradingview Broker Considerations
When choosing a broker for Tradingview, here are some key considerations:
Markets - Which asset classes do you trade? Make sure the broker provides your desired markets such as stocks, forex, crypto, futures etc.
Regulation - Select a reputable regulated broker for security of your funds.
Trading Platform - Brokers with advanced proprietary platforms (MT4, WebTrader) may have better Tradingview integration.
Costs - Compare commission rates, leverage rates, margin rates across different brokers.
Data - Does the broker provide high quality historical data for backtesting?
Analysis Tools - Some brokers provide additional trading tools that can sync with Tradingview.
Customer Support - Pick a broker with responsive online and phone support to help with any issues.
Doing thorough research upfront will ensure you select the best broker for your Traddingview experience. Taking time to setup a solid trading environment can save you big headaches down the line.
Getting Started With Tradingview
If you're ready to start using Tradingview, here is a quick checklist to begin:
The great thing about Tradingview is you can use it for charting and analysis even without live trading enabled. But once you connect your broker account, the platform becomes incredibly powerful.
Be patient getting the basics setup properly and it will pay dividends for your trading progress down the road.
FAQs about Tradingview Brokers
Here are answers to some frequently asked questions about choosing brokers for Tradingview:
Q: Is there a list of all Tradingview supported brokers?
A: Yes, Tradingview maintains a full list of supported brokers on their website here: Tradingview Brokers.
Q: Can I use multiple brokers with one Tradingview account?
A: Yes, you can link multiple brokerage accounts to one Tradingview login. For example, you could connect a forex and crypto broker at the same time.
Q: Does connecting a broker share my data with them?
A: When you connect your broker account on Tradingview, you agree to share your account data and activity with that broker.
