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47 High Impact Event
Trading Non-Farm Payrolls (NFP) on Prop Firms
The Non-Farm Payrolls (NFP) report is the most closely watched economic indicator in the forex market. Released monthly by the US Bureau of Labor Statistics, it measures the change in the number of employed people during the previous month, excluding the farming industry. For prop firm traders, NFP is notorious for extreme volatility, spread widening, and rapid price spikes.
Extreme Slippage Risk
During NFP, spreads can widen by 5-10x, and slippage is virtually guaranteed on stop orders. Avoid holding positions through the release unless you have wide stops.
The "Whipsaw" Effect
NFP often triggers a rapid spike in one direction, followed by an immediate reversal as the market digests the accompanying Unemployment Rate and Average Hourly Earnings data.
Prop Firm Rules
Many prop firms prohibit opening or closing trades within 2-5 minutes of the NFP release. Check your firm's specific news trading policy.
Release Info
Region: US | Frequency: Monthly (First Friday of the month) | Usual Time: 08:30 AM EST
Find Your Perfect Firm47 Results
| # | Firm | Rating | Actions |
|---|---|---|---|
1 | FTMO 19/10% off | 4.8 | |
2 | 4.8 | ||
3 | 4.6 | ||
4 | 4.8 | ||
5 | 4.8 | ||
6 | 4.2 | ||
7 | 4.8 | ||
8 | 4.4 | ||
9 | 4.6 | ||
10 | 4.5 | ||
11 | 4.5 | ||
12 | 4.5 | ||
13 | 4.7 | ||
14 | 4.7 | ||
15 | 4.8 | ||
16 | 4.6 | ||
17 | 4.5 | ||
18 | 4.5 | ||
19 | 4.5 | ||
20 | 4.3 | ||
21 | 4.3 | ||
22 | 4.4 | ||
23 | 4.5 | ||
24 | 4.8 | ||
25 | 4.4 | ||
26 | 4.5 | ||
27 | 4.6 | ||
28 | 4.4 | ||
29 | 4.4 | ||
30 | 4.5 | ||
31 | 4.3 | ||
32 | 4.4 | ||
33 | 4.5 | ||
34 | 4.6 | ||
35 | 4.7 | ||
36 | 4.4 | ||
37 | 4.4 | ||
38 | 4.7 | ||
39 | 4.6 | ||
40 | 4.5 | ||
41 | 4.5 | ||
42 | 4.4 | ||
43 | 4.5 | ||
44 | 4.6 | ||
45 | 4.4 | ||
46 | 4.5 | ||
47 | 4.5 |
Frequently Asked Questions
Do prop firms allow trading during NFP?
It varies. Firms like FTMO (on Standard accounts) and The 5%ers prohibit trading 2 minutes before and after NFP. Other firms like Alpha Capital allow it, but warn about slippage.
Why does NFP cause so much volatility?
NFP is a key indicator of US economic health and heavily influences Federal Reserve interest rate decisions, which in turn drive the value of the US Dollar.
What is a "straddle" strategy for NFP?
A straddle involves placing pending buy and sell stops just above and below the current price right before NFP. Most prop firms explicitly ban this strategy as "toxic flow."