why do most brokers require you connect to TradingView via a raw spread account?

@mercury01 - 4 months ago - Forex Brokers

A quick question here guys, I noticed that most brokers who offer TradingView as one of their trading software will usually require you to open a raw spread account before you can connect to TradingView. Anyone know why this is so and are the brokers somehow benefitting off these raw spread accounts or is this condition put in place by the TradingView owners?

@melody_nk - 4 months ago

I think it is because raw spread accounts usually have a higher minimum deposit and so the brokers can earn interest off your unused deposits. Remember that brokers pay TradingView a fee to enable you access it so if a higher minimum deposit means you leaving more money in your account which the broker can earn interest off, then they could use that interest to offset the fee the access fee they paid to TradingView.

@kemi_allen_omevia - 4 months ago

Your observation is on point @mercury because brokers like Pepeprstone, FxPro, Tickmill etc. who offer tradingView always say you must open a raw spread account or cTrader account. My thinking is that they do this to encourage traders to open raw spread account types because most traders are so used to standard accounts.

@arthur_wildberry - 4 months ago

There's got to be some exceptions right? I mean there's got to be some brokers that allow you connect to TradingView with a standard account, anyone have an idea?

@brenda_lesotho - 4 months ago

Easy Markets lets you connect to TradingView with a standard account and they offer fixed spread with this standard account. I think Trade Nation also lets you connect to TradingView with a standard account too.

@arthur_wildberry