Scalping the forex 3

Learn Scalping Forex Majors.


Learn Scalping Forex Majors with Pepperstone and the team from FX Evolution. In this exclusive online webinar replay video, we cover everything that traders need to know when it comes to scalping the FX G10 Majors.


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Scalping is a trading strategy that is focused on the smaller time-frames and is often popular with traders that work full-time jobs, or simply don't have the time in their day to dedicate to the art of viewing charts and performing technical analysis.


Which Forex Majors are best to start with?


The key to scalping Forex Majors and G10 pairs is to focus on the top 10 pairs that have the most volume during the three daily trading sessions. By focusing on these pairs at the start of your trading journey before moving onto minor currency pairs or what's known as the exotics, you'll be better able to fine-tune your scalping strategy.


So the question remains, just what are the best currency pairs to begin with? Most experts from the trading floor would suggest that newer traders looking to develop their scalping strategies, should focus on popular pairs such as AUDUSD, EURUSD, USDJPY, GBPUSD. Once you have trading these FX Majors a few times under your belt, you'll be able to progress to other currency crosses, such as EURGBP, EURJPY, GBPAUD, and so on.


Ready to trade the possibilities? Login to your Secure Client Area or click here to open a live trading account with Pepperstone.


Having a strict trading strategy and the conviction to stick with your trades, along with understanding when to exit losing trades as soon as they have been stopped out, will see you staying on the right path. While this might seem a simple concept at first, in this exclusive online streaming webinar the team at FX Evolution discuss why having a scalping system in-place is highly important.


Which timeframe is best for scalpers?


During the trading day there are three key timeframes that traders should be focusing on. These are known in order as the Asian Session, London Session, and New York Session (US). Which one is best you might be asking? Well that all depends on a few factors such as your personal trading preferences, how much time you have in your day to dedicate to trading, and if you are busy with a day-job that might be taking up the majority of your time. Either way, with three sessions and plenty of volume on the Forex Majors during them, traders should be able to find plenty of trading opportunity.


Scalping price action sequences.


Price action sequences is the study of candle movement on the charts of the Forex Major that you are focusing on. In this instance, as we're talking about scalping, this would often be on the smaller timeframes such as the 5 and 15 minute charts on your trading platform, instead of the 1 hour or larger, which is commonly used by traders who follow swing or day-trading strategies.


Now all that's left to do is for you to take action and trade the possibilities with Pepperstone . With the correct risk management strategies firmly in place, utilising entry and exit positions on your trades and entering positions when the conditions match your conviction, you'll be well on your way to scalping the Forex majors just like the experts on the trading floor.


Looking for more tutorials on scalping Forex Majors? Try these helpful resources below.


Scalping with Pepperstone.

Scalping the forex 2

Best Trading Platform For Scalping.


Forex scalping has particular trading requirements, so forex traders can get the most from their scalping strategy on the forex market. Traders should choose a trading platform from a forex broker that has fast execution with low costs.


Written by Justin Grossbard.


Written by Justin Grossbard Co Founder.


With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.


Edited by Riley Adams.


Edited by Riley Adams Senior Trading Editor.


As a Senior Financial Analyst for Alphabet with an active CPA, Riley has a vast amount of financial knowledge. He has a Master's Degree in economics at Penn State University and a B.A. & B.S., Economics at the Centenary College of Louisiana. He also owns the website Young and the Invested providing investing advice for young individuals.


Reviewed by Justin Hertzberg.


Reviewed by Justin Hertzberg Forest Park FX President.


Justin has over 13 years of experience in the forex industry and for over a decade has been the President & CEO of Forest Park FX, a CFTC registered, NFA member full-service foreign exchange and futures brokerage firm. He is also the CEO of FPFX Technologies to bridge the gap between what FX & CFD traders. He has an MBA in finance from the University of Miami Herbert Business School.


Each month we update average spreads data published by the brokers the retail brokers lose %


We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here.


Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.


Best Forex Trading Platforms For Scalping.


The top forex brokers with great scalping software list is.


FP Markets – Best MT5 Forex Broker For Scalping Pepperstone – Best MT4 Forex Broker For Scalping FxPro – Top cTrader Scalping Forex Broker HotForex – Great Big Data Al Trading Scalping Software FXCM – Top No Commissions Forex Broker For Scalping FXTM – Highest Leverage Forex Trading Scalping Platform Oanda – Good TradingView Web Trading Scalping Platform ThinkMarkets – Good Scalping Platform With No Commission Forex.com – Best Scalping Technical Analysis NinjaTrader Broker.


FP Markets.


Pepperstone.


Our Rating.


Fastest Limit Order Execution Speed.


Smart Trader Tools.


Large range of trading platforms.


1,300,000 client accounts.


Floating leverage.


Regulations and Licenses.


FP Markets.


Pepperstone.


ASIC (Australia)


FSCA (South Africa)


CYSEC (Cyprus)


IIROC (Canada)


DFSA (Dubai)


BaFin (Germany)


FSC (Mauritius)


SCB (Bahamas)


Brokerage.


FP Markets.


Pepperstone.


EUR/USD Avg. Raw Spread.


GBP/USD Avg. Raw Spread.


AUD/USD Avg. Raw Spread.


EUR/USD Standard Spread.


EUR/USD Fixed Spreads.


Commissions (USD Base)


Minimum Deposit.


Swap Free Account.


No Inactivity Fees.


Funding Methods.


No Funding Fees.


Markets and Instruments.


FP Markets.


Pepperstone.


Currency Pairs.


Cryptocurrency CFDs*


Index CFDs.


Share CFDs.


Commodities CFD.


Stockbroking.


Retail Max Leverage (Australia)


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 200:1.


Pro. Max Leverage (Australia)


Retail Max. Leverage (The United Kingdom)


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 30:1 Minor Pairs 20:1.


Pro. Max. Leverage (The United Kingdom)


Retail Max. Leverage (Europe)


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 30:1 Minor Pairs 20:1.


Major Pairs 30:1 Minor Pairs 20:1.


Pro. Max. Leverage (Europe)


Retail Max. Leverage (UAE)


Major Pairs 30:1 Minor Pairs 20:1.


Pro. Max. Leverage (UAE)


Retail Max. Leverage (Canada)


Major Pairs: 50:1 Minor Pairs: 33:1.


Retail Max. Leverage (South Africa)


Balance: 0-50k 400:1 50k+ 200:1.


Pro. Max. Leverage (South Africa)


Retail Max. Leverage (With offshore regulators)


Balance: 0-50k 400:1 50k+ 200:1.


Accounts: Advantage & Advantage+ 2000:1 Micro Account 1000:1.


*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations *CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.


Trading Platforms + Tools.


FP Markets.


Pepperstone.


MetaTrader 4 (MT4)


MetaTrader 5 (MT5)


TradingView.


Proprietary Platform.


Automated Trading.


Social + Copy Trading.


Standard Stop Loss.


Guaranteed Stop Loss.


Demo Account.


Overall.


FP Markets.


Pepperstone.


Our Rating.


Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage Visit Broker > 8.17 ASIC, CySEC 0.20 1.20 0.40 95ms $100 63+ 4+ 30:1 500:1 Visit Broker > 9.33 SCG, ASIC FCA, CySEC 0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1 Visit Broker > 7.93 ASIC, FSCA FCA, IIROC 0.30 0.90 0.40 150ms $300 42+ 7+ 30:1 500:1 Visit Broker > 7.46 FCA, FSCA CySEC, SCB 0.39 0.73 0.65 110 $0 69+ 30+ 30:1 200:1 Visit Broker > 6 FCA, FSCA FSC 0.3 0.5 0.5 160ms $500 63+ - 30:1 300:1.


Scalping is a unique trading strategy in which traders profit off small price changes for a financial asset. Picking a broker that a) allows scalping and b) offers a good forex trading platform is tricky given scalping relies on technical analysis tools for execution. The below list provides the best forex trading platforms for scalping.


MetaTrader 5.


Available since 2009, MetaTrader 5 (MT5) is an upgrade of MT4. The platform offers the ability to trade a wider range of CFDs, has more advanced features and faster processing power than MT4. The London Summit Awards 2022 saw the platform earn two prestigious awards “Best FX trading platform” and “Best multi-asset trading platform” , a reflection of the excellence as a trading solution the platform offers.


Advantages Of MT5.


MetaTrader 5 is a powerful all-in-one platform suitable for trading Forex pairs, Shares and Futures CFDs. The platform offers advanced technical analysis tools and features outstanding Expert Advisors and fast order capabilities designed for scalping.


MetaTrader 5 trading platform allows access to market liquidity pools and depth of market (DoM) visibility, which helps one avoid low-volume financial instruments (with little or no liquidity).


Regardless if you are a beginner or an advanced scalper, you will appreciate the following features MT5 offers:


6 pending order types (MT4 has 4) 21 Timeframe ranging from 1 minute to 1 month (MT4 has 9) 38 Technical Indicators (MT4 has 30) 44 Graphical objects (MT4 has 31)


Last but not least, MT5 offers built-in advanced reports for an effortless assessment of trading activity.


MT5 is the future if you wish to use a trading platform by MetaQuotes. In time, the MT5 community will grow, more brokers will offer the platform, and MT5 will supersede MT4.


Disadvantages Of MetaTrader 5.


Scalping brokers offering MT5 implement FIFO (first-in, first-out) accounting system. MetaTrader 5’s default setting applies the FIFO principle and, therefore, the platform does not allow Hedging. Expert Advisors and custom indicators built with MQL4 for use in MT4 cannot be used in this state in MT5. Or, they need to be coded once again with the MQL5 programming language.


FP Markets Is The Best MT5 Forex Broker For Scalping.


Our review believes FP Markets is one of the best Forex brokers for Forex scalping on the MT5 trading platform. This is based on:


Tight spreads, including some of the lowest in the industry (average EUR/USD spread of 0.1 pips) Ability to trade directly from the Depth of Market (DOM) ECN trading conditions Tier-1 regulatory licenses (ASIC and CySEC) Fast execution speed of under 40 ms.


1)Low Spreads And Costs.


FP Markets is able to offer tight spreads as it sources prices from multiple tier one liquidity providers. This allows Forex traders who employ scalping to take advantage of spreads starting from 0.0 pips using FP Markets Raw Spread account. The RAW spread account average spread on major currency pairs such as EUR/USD of 0.1 pips most of the time, which is one of the best available from brokers worldwide.


Below compares the spreads of the range of Forex brokers who advertise their average spread on their website. This table is updated monthly.


FP Markets Raw Account Spreads.


Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/01/2023.


Commissions when trading with FP Markets is $3.00 side / $6.00 round turn. These commissions are in line with commission charges from other brokers making them suitable for high-volume traders. Scalpers can place orders between the spread due to no minimum order distance and a freeze level of 0. All orders, including Stop-Loss orders, can be placed at any distance from the current market price.


2) ECN Trading Environment.


FP Markets’ raw pricing along with a MetaTrader server located in the Equinix NY data centre gives STP / ECN style trading conditions. The main advantage of brokers that use STP / ECN style conditions can be summarized by low latency and minimized probability for slippage, no dealing desk, no re-quotes, and extremely fast order execution (less than 40 ms).


MetaTrader 5 offers Depth of Market, which allows traders to visualize the entire range of available prices derived directly from its liquidity providers. This ensures complete transparency of all liquidity for any currency at any moment.


3) Strong Forex Regulation.


FP Markets complies with strict regulatory standards by some of the most reputable Forex authorities worldwide. FP Markets is regulated in Australia by the Australian Securities and Investments Commission (ASIC) and in Europe by the Cyprus Securities and Exchange Commission (CySEC).


Raw Spreads + 40ms Speed + Reduced Slippage = FP Markets MT5.


Summary Of Why FP Markets Is The Best MetaTrader 5 Broker For Scalping.


Overall, The MetaTrader 5 platform powered by FP Markets is an excellent choice for scalpers. The broker has a low minimum deposit requirement ($100) and allows the use of leverage (maximum leverage for Forex is 30:1 in Australia, the UK, and Europe). Traders also have the option to practice scalping in good conditions on the free Demo Account with no risk or restrictions on scalping strategies.


Our Rating.


The overall rating is based on review by our experts.


Spreads.


Leverage.


Trading Platform.


Risk Management.


Range of Markets.


Customer Service.


MetaTrader 4.


MetaTrader 4 (MT4) is comfortably the most widely adopted forex trading platform by both brokers and traders worldwide. Produced by MetaQuotes and launched in 2005, is one of the first readily available mainstream trading platforms licensed to forex brokers and available to traders for free. Brokers that offer the platform include Pepperstone, FP Markets, FxPro, ThinkMarkets, FXTM, and Oanda.


Advantages Of MetaTrader 4.


MetaTrader 4 is an easily customizable trading platform that features live quotes, real-time charts, in-depth news and analytics, a variety of technical indicators, and order management tools, and it has good Expert Advisor compatibility.


Many consider MT4 to be the “gold” standard among all trading platforms. The platform’s popularity can be attributed to a number of reasons, including:


‘Ease of use’: MT4 offers a clean and uncluttered interface that makes it easy to access information, open and close trades change colors and setting with minimum difficulty Wide Compatibility: MT4 can be used with Mac, iOS, Windows, and even Linux making them great for desktop, mobile, and tablets Flexibility: The standout feature that set MT4 apart from its competitors when launched is the ability to create custom indicators and Expert Advisors (for automated trading), change layouts, implement technical indicators Feature-rich: 31 analytical objects, 30 in-built technical indicators, 9 timeframes, multi-chart features, 4 order types, interactive charts MQL4 Language: MQL4 means advanced traders can write their own strategies. There is also a sizeable MT4 community where traders can share or buy other scripts. Over 3200 signals are available both free and paid. Backtesting: MT4 supports backtesting so you can test your scripts before placing them into action.


At its core, MT4 is an intuitive and simple platform with all the necessary tools for trading, which makes it a great platform for beginner traders but also comes with the ability to integrate more advanced features for experienced traders.


Disadvantages Of MetaTrader 4.


MQL may be considered the ‘gold standard’ for trading platforms however it does have some disadvantages.


MQL offers 32-bit processing, which may lead to slightly slower performance than 64-bit systems. MQL4 programming language is not considered the best choice of language MetaQuotes discontinued issuing MT4 licenses to new brokerages from 2022 onwards, new CFD and Forex brokers will not be able to offer this platform to their clients. MetaQuotes have ceased new development MT4 so MT4 will eventually be outdated It is not designed for exchange-traded CFDs such as shares. So some range of markets is not as diverse as other platforms.


Last but not least, the platform has a limited Depth of Market features.


Pepperstone Is The Best MT4 Broker For Scalping.


Based on our reviews, Pepperstone offers the best conditions for scalping strategies on its MetaTrader 4 platform, because it has the following:


ECN pricing model and vast network of top-tier liquidity providers Tight spreads, with the average spread on major pairs such as EUR/USD being 0.13 pips Lightning-fast order execution speed, with trades being filled in less than 30 ms 28 additional Smart Trader Tools for MT4, allowing for more precise implementation of strategies Commission discounts (rebates) for high-volume traders Leverage of 30:1 in the UK, Europe, and Australia to access the Forex market Strong Forex regulation – ASIC, FCA, FSCA, CySEC and BaFin.


With low costs and fast execution speeds, Pepperstone is a great broker to use MetaTrader 4.


1)Low Standard Account Spreads.


As an STP/ECN style broker, Pepperstone offers no dealing desk order execution with low latency and low risk of slippage. Additionally, Forex spreads remain ultra-low on the broker’s Razor trading account, starting from 0.0 pips, while the company also offers low average spreads on its entire CFD product list.


Pepperstone MT4 Spread Comparison.


Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/01/2023.


In exchange for ECN-style trading conditions, Pepperstone will charge a small commission of $3.76 per side for 1 Standard Lot traded on its MetaTrader 4 platform.


Due to its co-location servers in key financial data centers and fibre-optic cable networks, Pepperstone ensures exceptional execution speeds. According to the broker, most trade orders by UK clients are filled in less than 60 ms, while the majority of orders by clients from Australia – in less than 30 ms.


.


2)Copy Trading Feature.


Pepperstone offers copy trading features through 3 dedicated third-party platforms Myfxbook, MetaTrader Signals, and DupliTrade. The software solution for social trading offered by Pepperstone work seamlessly with the MT4 platform.


Myfxbook’s key strength is the verified track record, MetaTrader Signals offers thousands of trading signals, while DupliTrade offers signals from professional traders and has a minimum deposit requirement of USD 5,000.


Interbank Spreads + ECN model + Fast Speed + Copy Trading Features = Pepperstone MT4 Solution.


Summary Of Why Pepperstone Is The Best MetaTrader 4 Scalping Broker.


Overall, our team of experts considers Pepperstone as the best scalping broker with MetaTrader 4 platform. With a true ECN pricing model, spreads starting from 0.0 pips, USD 3.76 commission rate, fast execution, and copy trading feature, Pepperstone MT4 solution is the best if scalping is your preferred strategy. Pepperstone doesn’t enforce any minimum deposit requirements. Feel free to click the button below and test their MetaTrader 4 platform today.


MT4 Web Trader.


The MetaTrader 4 web trader is a leading web-based software solution that provides access to the global markets straight from your browser. The web platform is supported across all operating systems (Windows, MAC and Linux) and is compatible with any browser. The MetaTrader 4 Web platform is integrated with most MT4 FX brokers.


Advantages Of MT4 Web Trader.


Trading is more accessible via your browser, as it requires no additional software installation or downloads on your local computer. The MT4 web terminal is similar to the desktop version and includes the same trading tools and features. Scalping efficiently via the web application can be done effortlessly.


The MT4 web terminal main key advantages and benefits include:


One-click trading feature for faster execution and no secondary confirmation Ability to view all trading activity at a glance without switching between multiple windows Trading directly from the charts and modifying active orders via the drag-and-drop tool 30 industry-leading technical indicators Ensures security of your data via encrypted transmission Account order history.


Additionally, the MT4 web trader supports Expert Advisors (EAs) and scripts with the same performance as the desktop version.


Disadvantages Of MT4 Web Trader.


Some people consider the Web Trader pay layout to be a bit of data. The most common issues faced while running the MetaTrader 4 web platform include:


Page layout is sometimes considered dated Not as many indicators and graphical tools (compared to desktop version) Cannot use expert advisors with Web Trader Less customization, interface settings cannot be changed.


MT4 Web Trader – Big Data Al Sentiment Trading Scalping Software – HotForex.


Based on our reviews, HotForex offers the best sentiment analysis tools for scalpers. We consider that the brokerage offers good trading conditions for scalping based on:


Hedging is allowed hand-in-hand with scalping Interbank spreads with no markups (0.1 pips EUR/USD average spread) Dedicated 24/5 market analysis from in-house experts Free VPS hosting compatible with all automated strategies, including scalping EAs Premium trading tools tailored for scalping (Market Manager for fast order submission and sentiment trader updated every second) Maximum leverage of up to 1:1000.


1)AI Sentiment Trading Tool.


The challenges that come with scalping in fast-moving markets can be met with the right trading tools. HotForex is equipped with proprietary trading tools that can’t be found anywhere else, like the Sentiment Trader tool. This tool uses artificial intelligence (AI) to measure in real-time the market sentiment dynamics. The order flows (buy and sell ratios) are tracked using data from leading provider FX Blue Labs.


The key features and advantages offered by the Sentiment Trader tool are summarized below:


Sentiment analysis is based on real-time and historic buy and sell orders Updates every minute to stay ahead of the curve Ability to see what smart money is doing and copy their lead Unique dashboard where you can track multiple symbols at the same time The sentiment can be displayed on the price chart Flexibility to display sentiment in multiple formats: gauge, pie chart, dial.


The sentiment information can be used for better reading of the short-term price fluctuations. To the astute scalper, sentiment analysis can be used as a confirmation tool to buy and sell currencies and CFDs. Additionally, the orders can be opened and closed directly from the Sentiment Trader window without the need to go elsewhere.


2)Superior Trading Conditions.


HotForex clients can choose between 4 different trading account types (Premium, Zero Spread, HFCopy and Premium Pro), trade with variable spreads, minimum trade size 1,000 units of the base currency, quotation system using the fifth decimal and telephone trading.


In terms of tradable instruments, scalpers are allowed to trade CFDs (Contracts for Difference) on 8 different financial markets (forex, cryptocurrencies, metals, indices, shares, energies, commodities and bonds). The large number of financial instruments offered by HotForex means more trading opportunities for scalpers.


Institutional Tools + MT4 Web Trader + 8 Trading Markets = HotForex.


Summary Of Why HotForex Has The Best Scalping Sentiment Tools.


Overall, HotForex’s trading tools can be used as a personal trading assistant, proving you with highly accurate AI technology. At HotForex, scalpers can enjoy better tools, hedging and non-hedging mode, better information, a good selection of instruments and a range of account types. The minimum deposit to open an account is USD 100, but you can always use their demo account.


FXCM.


Trading Station is FXCM’s proprietary CFD and Forex trading platform, which has an intuitive user interface, offers advanced trading analytics and comes in three versions: web-based, mobile-based and desktop.


Advantages Of Trading Station.


First of all, the platform offers good chart customisability, with traders being able to expand to full-screen or detach charts, use numerous chart formats and time frames, set up price alerts, compare financial instruments with price overlays among other options.


Second, Trading Station Desktop allows for the use of automated trading strategies, along with advanced strategy backtesting and strategy optimization tools.


Third, Trading Station Desktop offers additional advanced technical indicators such as the Speculative Sentiment Index (SSI) and Real Volume, which provide strategy support with real market sentiment. Last but not least, Trading Station has market depth functionality, which visualizes multiple levels of liquidity at every price level for every trading instrument.


Disadvantages Of Trading Station.


Trading Station Desktop does not allow for the setting of price alerts or notifications. Second, Forex and CFD products are quite limited compared to FXCM’s competitors, with the platform allowing access to 39 currency pairs, 7 Cryptocurrencies, 14 Stock Index CFDs, 15 Shares CFDs and 10 Commodity CFDs.


FXCM Is The Best Broker For Scalping With Price Improvement.


Based on our reviews, FXCM turns out to be the best scalping Forex broker when it comes to execution with zero slippage or price improvement, because:


59.79% of all trade orders were executed with no slippage, according to data encompassing the first six months of 2022 28.90% of all trade orders were executed with price improvement (positive slippage) The average order execution speed was 28 ms, while Good Till Cancelled Market Orders was filled in 29 ms It has managed to ensure better pricing for retail clients, according to a recent execution study. FXCM pricing was equal to or better than the spot equivalent quoted Interbank market price in 94.84% of the time. The broker’s pricing was equal to or better than the spot equivalent quoted futures prices on the CME 81.34% of the time. It has provided high volume active traders with ultra-tight spreads on major currency pairs during peak hours – 0.2 pips on average on EUR/USD and USD/JPY, 0.3 pips on average on AUD/USD Zero-commission trading, with the only fee being built into the spread.


1)FXCM Price Improvement Technology.


Over the years, FXCM has remained dedicated to ensuring the best trading experience for its clients by increasing the quality of its pricing, transparency and execution services. And the broker’s latest slippage statistics indicate rather favorable conditions for scalpers. Data for the first half of 2022 showed that:


28.90% of all stop, limit, ‘at market’, and entry orders at FXCM were filled with positive slippage, or clients received a better price than requested, 74.18% of all limit and limit entry orders at FXCM were filled with positive slippage.


The broker’s statistics also suggested that limit and limit entry orders are most likely to be filled with positive slippage, while stop and stop entry orders are most likely to be filled with negative slippage.


2) Zero Commission Share Trading.


Not only does FXCM have no commission on popular CFDs like forex and Equities, but with FXCM, scalpers can enjoy 0% commission on share trading. FXCM is the latest CFD provider to offer no commission trading on stocks and fractional shares. FXCM is only compensated through charging the spread, which is mark-up above the Interbank spread.


28ms Speed + 28.90% of Orders Receive Positive Slippage + 0.2pips EUR/USD Spread = FXCM Trading Station.


FXCM Best Broker For Scalping With Price Improvement.


Overall, FXCM’s price improvement technology can help scalper receive better prices, less slippage and no-requotes. Scalpers can have an edge in high volatile markets due to the low-cost pricing and possible benefit from better quotes 94.84% of the time. The minimum deposit for FXCM clients is USD 50, but traders can always open a demo account to enjoy risk-free trading.


*Your capital is at risk ‘67% of retail CFD accounts lose money’


cTrader.


Released in 2011 by Spotware, cTrader was built specifically to meet the needs of ‘no dealing desk’ brokers who offer Electronic Communication Network (ECN), Straight-Through-Processing (STP) and Direct Market Access (DMA). A newcomer to the world of online trading, cTrader is a platform that grants access to the best available bid and asks prices for traders looking for more comprehensive market analysis tools and greater transparency. cTrader can be integrated with over 45 leading applications and a suite of leading add-ons.


Advantages Of cTrader.


cTrader has 3 main strengths:


Pricing transparent through Depth of Market Direct execution means fast processing and chart features that stand out compared to other platforms.


Pepperstone, IC Markets and FxPro have been long time providers of the MT5 platform.


One of the strengths of cTrader is market transparency through Level II pricing depth of market (DOM). The DOM allows market data to be visualized in three possible ways (Standard Depth of Market, Price Depth of Market and Volume-Weighted Average Price (VWAP) Depth of Market). In comparison, MetaTrader software is designed to visualize only one type of Depth of Market.


Interface And Charts.


Many traders enjoy cTrader’s clean interface, which is sleek and modern. Charts, for example, have a range of colors and choices of light and dark themes so you can customize them to your liking. The charts have a large charting area and can also be detached, which means you can move charts onto a different monitor.


Note* cTrader offers more indicators and timeframes than many other platforms offer.


Order Types.


When it comes to Order types, cTrader has 4 order types available. These order types are Market Orders, Limit Orders, Stop Orders and Market Range Orders. All offer OCO protection, with limit and stop order also offer expiry. One interesting feature is the ability to place a pending order, even if the market has closed for the day.


If you are looking for an alternate platform to MetaTrader that has great charting features and Level II pricing with fast execution option, then you cTrader is a solid option.


Disadvantages Of cTrader.


There are not many downsides associated with cTrader. As a possible disadvantage, we can mention the limited selection of available trading robots and custom indicators compared to MetaTrader software, as a different programming language is used (C#). The majority of retail Forex developers employ MQL4 and MQL5.


FxPro Is The Best Broker With cTrader For Scalping.


Our review has concluded that FxPro is one of the best Forex brokers when it comes to scalping strategies by using the cTrader software, based on:


It ensures no dealing desk (NDD) order execution with no re-quotes Trade orders executed in 37 ms on average Scalping on 4 supported financial markets (Forex, metals, indices and energies) Up to 7,000 orders are processed each second With FxPro cTrader’s Smart Order Routing, scalpers trading CFDs will receive the best available price in 100% of the cases, while their orders will be executed automatically in 99.9% of the cases FxPro is a multi-regulated Forex broker – by the FCA in the UK, by the CySEC in the EU and by the FSCA in South Africa.


FxPro No Dealing Desk Execution.


FxPro operates a no dealing desk NDD agency model that supports superior trading conditions for day traders and scalpers. By operating an NDD model, FxPro is able to offer unrestricted access and instant execution of a wide range of orders. Scalping is usually performed via flawless order execution, which is an essential component of a scalping trading strategy.


FxPro is not a true ECN broker or an STP broker, it advertises itself as filling clients’ orders with true NDD execution. However, the price execution engine that powers FxPro’s cTrader is able to deliver institutional trading conditions that are compatible with scalpers.


FxPro supports profitable trading based on:


Ultra-low latency with scalping orders being executed on average in less than 11.06ms Full price transparency – 82% of orders executed at the requested price 9% of all orders received price improvements with positive slippage Only a small portion of 0.68% of orders have received a requote Liquidity aggregated from multiple Tier-1 banks Order rooting via FxPro’s price engine Quotix Collocated servers in the hearth of Equinix Data centers (LD5 London or Amsterdam)


“99.32% No Requotes + 9% Positive Slippage + 11.06ms Order speed = cTrader”


Summary Of Why FxPro Is Among The Best Scalping Forex Brokers With cTrader.


Among scalping brokers, FxPro is the go-to solution for trading on the cTrader platform. FxPro reputation among scalping brokers is a combination of low spread, fast order execution and no requotes. FxPro offers retail investor accounts with a minimum deposit of USD 100.


*Your capital is at risk ‘84.69% of retail CFD accounts lose money’


FXTM Trader.


FXTM Trader is FXTM’s brand-new forex trading app, which is meant to revolutionize clients’ mobile trading experience. With this app traders are able to buy and sell currencies in a matter of seconds, access real-time Foreign Exchange rates and manage their trading accounts while on the go.


Advantages Of FXTM Trader.


First, the platform allows access to over 250 trading instruments – from Forex pairs to complex instruments (CFDs) on Shares, Stock Indices and Commodities. This investment app built by FXTM experts welcomes scalpers on its platform. The key features and trading tools that come with FXTM Trader include:


Clients can manage their trading accounts and trading activity from the same app The platform’s interface allows for opening, closing and modifying of positions in a matter of seconds. Enables one-click trading at your fingertips for even faster opening and closing trades Traders can enjoy state-of-the-art charting tools and popular technical indicators Clients can trade across multiple devices – they can enter a trade on their desktop terminal and exit directly from the app.


Disadvantages Of FXTM Trader.


First, FXTM Trader is available only on some of FXTM’s account types. It cannot be used as a trading option on the broker’s MT5 and FXTM Invest accounts. Additionally, the platform does not allow price alerts setting, has only a one-step login, and traders cannot access Cryptocurrencies on this platform.


FXTM Offers The Highest Leverage Ratios For Scalping.


Our review has concluded that FXTM is among the Forex brokers that offer the highest leverage ratios – a key factor for traders who employ scalping. To gain access to FXTM’s high leverage, you are required to sign up with the broker’s offshore branch regulated by the Financial Services Commission (FSC) of Mauritius. What makes this brokerage attractive for scalpers can be summarized as follows:


FXTM allows leverage ratios of up to 1:1000 on major FX pairs like EUR/USD, GBP/USD or AUD/USD FXTM offers tight Forex spreads starting from 0.1 pips on its ECN account Almost 96% of FXTM clients’ orders received better pricing through positive slippage, according to Nov 2022 data FXTM’s re-quote rate has remained at extremely competitive lows – around 4% of total orders, according to Nov 2022 data FXTM clients received exceptional order execution speeds on the broker’s ECN account (0.079 seconds) and ECN Zero account (0.089 seconds), according to Nov 2022 data FXTM is a multi-regulated broker – SCB, CySEC, FCA, FSCA.


1) FXTM Maximum Leverage.


When it comes to maximum leverage allowed, UK and EU-based retail clients will be offered significantly lower ratios, in line with the local regulatory framework – 1:30 on major currency pairs; 1:20 on minors, exotics and Spot Metals; 1:5 on the majority of Stock Indices and on all Shares CFDs; 1:10 on Energies. Yet, if you sign up to FXTM’s offshore entity regulated by the FSC you can access leverage ratios of up to 1:1000.


Due to FXTM’s vast pool of top-tier liquidity providers, Forex spreads are kept tight (starting from 0.1 pips on AUD/USD and EUR/USD, 0.2 pips on GBP/USD, 5.0 points on Spot Gold), while requote rates have remained at competitive lows.


Along with high maximum leverage and low minimum spreads, FXTM clients who employ scalping strategies are able to take advantage of lightning-fast execution speeds on all ECN accounts.


2) Connect MT4 With FXTM Trader.


The unique feature is the interconnectivity between the trading app and MetaTrader 4. FXTM trading software was built with flexibility so traders can buy and sell currency on the MT4 desktop and then have the option to close it via the FXTM Trader app and vice versa. In practice, the FXTM Trader should allow scalpers to move in and out of the market faster.


One-Click Trading + 1:1000 Leverage + ECN Account = FXTM Trader.


Summary Of Why FXTM Is The Highest Leverage Broker For Scalping.


Best all-around FXTM is hands down the best high leverage broker that supports scalping. With this broker, scalpers can tap into 1:1000 maximum leverage, positive slippage, no-requotes and minimum deposit as low as USD 10 (Standard Cent Account).


TradingView.


TradingView is the largest network of traders and investors on the internet, which enables them to exchange ideas, learn new tricks, or simply make use of its free Forex charting trading software. TradingView charts have been integrated with over 8,000 stock and futures exchanges and websites across the globe.


Advantages Of TradingView.


First of all, the platform features 11 customizable chart types, including Candlesticks, Renko, Heikin-Ashi or Point & Figure, traders can view up to 8 charts in a single layout at one time and traders have access to data from over 50 exchanges.


TradingView offers a variety of time frames, with intervals ranging from 5 seconds to 1 month as well as customizable time frames which come with the paid version.


Additionally, the platform features over 50 drawing tools, including Elliott Waves, Andrew’s Pitchfork, Gann Fans among others, over 65 technical indicators, including moving averages, Stochastics, Bollinger Bands, MACD, Ichimoku Cloud among others.


More, traders have access to real-time news from Yahoo Finance access Economic and Corporate Earnings Calendars and make a side-by-side comparison of trading instruments.


Disadvantages Of TradingView.


Premium subscription packages tend to be a bit costly and platform’s news feed system needs further improvement – for example, sorting news headlines based on popularity or relevance.


Oanda Offers TradingView – The Best Web Trading Platform For Scalpers.


Our review has concluded that Oanda has the best web-based trading platform for scalping, based on:


Best dealing desk environment with variable spreads Variable spreads starting from 0.6 pips on EUR/USD Industry-leading research tools, market analysis and news coverage Strong reputation – one of the oldest brokerage in the FX space founded in 1996 Fast order execution speed of 12ms Good selection of FX pairs +70 Supports algorithmic trading with the built-in Pine programming language.


Although OANDA allows scalping, we should note that it is not an ECN broker, but a market maker. This puts the no dealing desk execution of orders in question. In other words, it is possible that CFD and Forex traders face some kind of price manipulation, something that is completely out of question with true ECN brokers.


OANDA’s Web Trader, which utilizes advanced TradingView charting, is a quite responsive platform, offering a decent order execution speed (0.012 seconds) – one of the key factors for successful scalping. However, in times of extreme market volatility, Forex traders may face slippage.


OANDA is a multi-regulated broker in six tier-1 jurisdictions, as it complies with regulatory standards by Australia’s ASIC, Canada’s IIROC and UK’s Financial Conduct Authority (FCA).


Variable Spreads + Reputation + Advance Web Platform = Oanda.


Summary Of Why Oanda Offers The Best Web Platform For Scalpers.


Overall, Oanda is a trusted firm that allows its clients to scalp the financial markets on the powerful charting solution TradingView. It’s secure and safe to trade with Oanda, but there is certainly some room for providing a better service in terms of spreads during news releases and slippage. There are no minimum requirements to open an account with Oanda.


ThinkTrader.


Previously known as Think Interceptor, ThinkTrader is ThinkMarkets’ proprietary trading software solution compatible with all smartphones, tablets and PCs. ThinkTrader mobile is one of the leading Forex trading apps with advanced built-in technical tools and “ tailor-made commission plans” that cater to scalpers.


Advantages Of ThinkTrader.


ThinkTrader platform supply scalpers with real-time charts, general analysis tools, touch-enabled trade management functionality (featured on the mobile app) and split-screen mode to monitor several financial instruments at the same time. This proprietary trading platform has a number of built-in trading tools including:


Multiple demo accounts that do not expire 80 technical indicators 50 drawing tools 14 chart types 200 cloud-based alert delivered regardless if you’re on or offline Ability to close multiple orders or all open orders with one click TrendRisk scanner to identify opportunities Mobile App has a quad screen display with 4 real-time charts on screen.


Forex traders can benefit from professionally curated real-time news from FX Wire Pro and data release alerts that help scalpers stay on top of the game.


Disadvantages Of ThinkTrader.


While ThinkTrader is a specially developed platform, we can also note some minor drawbacks. ThinkTrader is free for download for mobile, tablet and desktop but there is no web trader version of the trading platform. Additionally, there is no VPS hosting service, ThinkMarkets only offers free VPS hosting for MT4 running strategies.


To qualify for the free hosting service offered by ForexVPS in partnership with ThinkMarkets, traders need to generate at least 15 round turn lots within a calendar month of trading.


ThinkMarkets ThinkTrader Has Low Commissions For Scalping.


Based on our reviews, ThinkMarkets is among the best low-cost scalping brokers. We consider that the brokerage offers good trading conditions for scalpers because:


It offers tight spreads on Forex pairs, starting from 0.0 pips, on its ThinkZero Account. The average spread on EUR/USD is kept at 0.1 pips due to a large pool of liquidity providers and state-of-art trading infrastructure. It operates a Straight-Through-Processing (STP), no dealing desk NDD business model Forex traders can take advantage of low latency and the fastest order execution speeds possible since ThinkMarkets’ trading servers are hosted in Equinix’s LD5 and HK4 data center Forex and Metals traders will be charged a small commission of $3.5 per side for every 1 Standard Lot traded, one of the most competitive on the market. It falls under strict regulation by reputable bodies such as Australia’s ASIC, UK’s Financial Conduct Authority (FCA) and South Africa’s Financial Sector Conduct Authority (FSCA), as well as with the FSA (Seychelles) and FSCA (South Africa) It allows maximum leverage of 1:500 for Forex trading under FSCA and FSA regulation and 1:30 under ASIC and FCA regulation. It requires a reasonable minimum deposit of $500.


If you’re an active trader (scalper or day trader) the three most important features you want in a broker are low commissions, faster trading speeds and a comprehensive trading platform. ThinkMarkets checks all the boxes to fulfil everything that is necessary to successfully scalp the forex market and +1,200 of other CFDs.


1)ThinkMarkets Low Commission.


With ThinkMarkets traders are charged USD 3.5 per one standard lot or USD 7.0 round-turn commission rate. The commission is only charged on the ThinkZero account and on FX currency pairs along with gold trading. The transaction cost for trading CFDs is built in the buy-sell spread. Scalpers can enjoy no commission on trading CFDs and spreads starting from 0.4 points.


Note* Currently, ThinkMarkets’ clients can only trade with variable spreads (average FX spreads from 0.1 pips) and no interventions.


The commission rate across the best forex brokers varies from as low as USD 2.0 to as high as USD 5.0 per side (see the full comparison in the table below).


ThinkMarkets Pepperstone Oanda FxPro HotForex FXTM Commission (per-side) USD 3.5 USD 3.5 USD 3.5 USD 4.5 USD 3.0 USD 2.0 Commission (round-turn) USD 7.0 USD 7.0 USD 7.0 USD 9.0 USD 6.0 USD 4.0.


2)STP Pricing Model.


ThinkMarkets also employs the Straight Through Processing (STP) pricing model, which is superior to the ECN model. While scalping goes with an ECN account, the STP account ensures lower costs of transactions and faster speeds. ThinkMarkets only uses its price engine to route your orders directly to the liquidity providers (LP).


Additionally, ThinkMarkets can guarantee “fast trade execution within milliseconds.” The fast order speed is achieved due to the strategic location of ThinkMarkets’ servers. ThinkTrader price technology is located in major Equinix co-location centers:


The London LD5 centre which accommodates over 1,000 companies Hong Kong financial hub, which accommodates over 450 companies.


ThinkMarkets trading infrastructure was built to ensure stability, low latency and fast speed. More, you can scalp the market with flexible trade sizes. The minimum trade size offered by ThinkMarkets is 0.01 or 1,000 units, which is equivalent to USD 0.1 per pip. This enables scalpers to position themselves in the market with much greater precision. More, scalpers can break large orders into smaller orders by using the flexible trade size orders offered by ThinkMarkets.


STP Model + 1,200 CFDs + Flexible Trade Size = ThinkTrader.


Summary Of Why ThinkMarkets Is Best For Scalping With Low Commission.


Overall, ThinkMarkets has the best scalping trading platform with low commissions. With ThinkMarkets, scalpers can save money on trading commissions, enjoy “razor-sharp spreads” from 0.0 pips, maximum leverage up to 500:1 (FSA and FSCA only) and trading infrastructure tailored for short-term trading. Click the button below to create your risk-free demo account.


*Your capital is at risk ‘71.89% of retail CFD accounts lose money’


Ninja Trader.


NinjaTrader offers US forex traders a powerful suite of award-winning charting software solutions and trading tools. Supporting all types of trading strategies including scalping, NinjaTrader state-of-the-art technology is designed to satisfy the unique needs of scalpers. As an award-winning forex trading platform, NinjaTrader has the recognition of the Forex community.


Advantages Of NinjaTrader.


NinjaTrader interface helps scalpers visualize the world’s leading markets without any interruptions. Additionally, the advanced technical analysis tools, fast order types, simulation and backtesting offers scalpers the best trading conditions for success. Tools like the Quantum Tick Speedometer can help scalpers make fast informed decisions through an optimized tick chart.


Traders can buy and sell currencies directly from the DOM window or right from the chart. And, with the advanced trade management solution, scalpers can better deal with fast-moving markets.


Last but not least, the NinjaTrader automated solution offers either point-and-click strategy developing (for non-programmers) or multi-paradigm programming language C-sharp for advanced programmers.


Disadvantages Of NinjaTrader.


Some key cons of the US-based trading platform are the steep learning curve, limited supported forex brokers, and the software package coming at a high fee. However, there are daily live training sessions where you can learn more about the trading platform or industry-leading support where you can connect with NinjaTrader experts and ask more questions.


There are only 8 NinjaTrader supported brokers with the biggest name including Interactive Brokers, TD Ameritrade, City Index and Forex.com. Traders can acquire a NinjaTrader lifetime license for USD 1,099 or annually lease the platform for USD 720.


Forex.com’s NinjaTrader Has Good Technical Analysis For Scalpers.


Forex.com is one of the best scalping forex brokers offering NinjaTrader based on:


Status: biggest US forex broker based on clients’ assets Low spreads starting from 0.2 pips with a fixed commission STP Pro account Active Trader Program can save you up to 18% in monthly trading costs Fast order execution speed of 40ms Large selection of forex pairs (+80 major, minor and exotic currency pairs) Regulated by the most important regulatory agency CFTC and NFA.


1)Active Trader Program.


The active trader program is the ideal solution for scalping, as it comes with an additional lower trading cost. For scalping, you can’t afford high trading costs as this will eat from your small profits. With Forex.com, as a high-volume trader, you can reduce your trading costs up to USD 9 per every 10 standard lots traded.


The minimum rebates you can earn is USD 2 per million traded with the condition to generate a minimum of USD 25 million in trading volume. This translates into an average saving of 4% of your total trading cost. Forex.com’s active trader program has 5 different benefit levels (see figure below).


For example, if your monthly volume is USD 150 million, your monthly trading rebates is USD 450 (150 x $3). Compared to other forex brokers, Forex.com has the most attractive cash rebates program. Pepperstone only offers up to 15% in cash rebates, while most other brokers don’t give such compensations.


2)STP Pro Account.


The Straight Through Processing STP pricing model was designed for providing a specialized solution for scalpers. STP trading technology is able to match orders instantly to selected liquidity providers. Forex.com sources its bid and asks prices from tier-1 LP and banks.


Note* Traders need to be aware that the STP Pro Account doesn’t support the active trader program.


Additionally, Forex.com allows orders to be placed within the bid-ask spread, giving the scalper the ability to gain the bid/ask difference. On the downside, you need to afford to scalp the market with a minimum position size of 100,000 units or USD 10/pip.


Besides the no spread mark-up feature, you can earn up to 65% in discounted commission if you’re scalping the forex market in big size. The commission reduction is based on the monthly trading volume and it’s structured into 6 different brackets (see figure below).


Active Trader Program + Rebates + 80 FX Pairs = Forex.com NinjaTrader.


Summary Of Why Forex.com Is The Best NinjaTrader Broker.


Overall, Forex.com is one of the best forex brokers for scalping the market with attractive cash rebates and reduced trading costs. The commission account is very accessible with a minimum deposit of USD 1,000 but for the STP Pro account, the recommended balance is USD 25,000. Scalpers who participate in the active trader program can get reimbursement of all deposits and withdrawal fees for wire transfers.


Best Scalping Forex Trading Platforms FAQ.


What is scalping?


Scalping represents a short period trading style that puts emphasis on making profits from small market moves, with positions, in most cases, being held active for less than one minute.


Scalpers usually strive to achieve as many small profits as possible and to preserve them. This short-term trading style reduces a trader’s risk exposure, as the probability to encounter an adverse event is smaller. We should also note that small price movements occur more frequently compared to more prolonged moves.


Who is the best Forex broker for scalping?


Based on total trading costs, order execution speed, platform robustness, liquidity and price improvement Pepperstone, IC Markets followed by FXCM offer the best conditions for scalping. The ability to offer tight spreads is the most important factor to consider when using scalping strategies and choosing a forex broker.


What is the best trading platform for scalping?


Based on our independent review, the best trading platform for scalping is MetaTrader 4, cTrader is best for automated scalping strategies, TradingView is best for web traders, and FXTM for scalping with high leverage.


More About How We Found The Best Forex Broker Platform.


Compare Forex Brokers has the best trading forex platform section that compares the leading regulated players and broker reviews. We also have a review of the best micro currency trading platforms. The information came from the top 10 forex brokers in the world and other third-party sources, including demo account information. Use our free tools to find the right broker to suit your needs from high leverage to low ECN broker spreads.


About the author: Justin Grossbard.


With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Scalping the forex 1

Best Forex Brokers For Scalping 2023.


Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services.


Updated : Oct 24, 2022.


While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money.


Table of Contents.


This article outlines the world of scalping in the forex market. We have created a list of the ultimate forex brokers that allow scalping through our objective user reviews and expert research. Looking for a broker that allows scalping? Look no further.


Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.


The brokers below represent the best brokers for scalping and advanced trades:


Scroll for more details.


Visit Broker >


This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.


1:30 (ASIC), 1:30 (CySEC)


MT4, MT5, IRESS, WebTrader.


DMA, ECN, No dealing desk, STP.


Visit Broker >


Trading involves risks. Products and services of Swissquote are only intended for those permitted to receive them under local law.


1:30 (FCA), 1:100 (FINMA), 1:30 (CSSF)


MT4, MT5, Advanced Trader.


Bank, Dealing Desk, Market Maker, No dealing desk.


Visit Broker >


General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.


FCA, CySEC, FSCA, FSA(SC)


1:2000 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:2000 (FSA(SC))


Market Maker, No dealing desk.


Visit Broker >


Your capital is at risk.


ASIC, CySEC, FSCA, FSC.


1:30 (ASIC), 1:30 (CySEC), 1:500 (FSCA), 1:3500 (FSC)


MT4, MT5, Proprietary.


ECN, No dealing desk, STP.


Visit Broker >


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


1:30 (FCA), 1:30 (CySEC), 1:200 (SCB)


MT4, MT5, Proprietary, cTrader.


No dealing desk.


Visit Broker >


82% of retail CFD accounts lose money.


1:30 (FCA), 1:30 (CySEC), 1:3500 (FSC)


MT4, MT5, Proprietary.


No dealing desk, ECN, Market Maker.


This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation.


Best Brokers for Scalping / Advanced traders:


Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.


FP Markets.


Regulated by : ASIC, CySEC.


Foundation Year : 2005.


Min Deposit : $100.


This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.


FP Markets is the brokerage arm of First Prudential Markets Pty Ltd, an Australian firm that was established in 2005. In over 14 years of brokerage operations, FP Markets has grown to become a foremost online forex and CFD broker.


The Head Office is located in Sydney, Australia. The brand has won multiple industry awards in areas like; customer service, trader education and trade execution.


10,000+ tradable assets Choose between 3 trading platforms Competitive spread pricing on raw account High spreads on the standard account A range of possible additional fees AU $200 minimum opening balance.


Swissquote.


Regulated by : FCA, FINMA, CSSF.


Foundation Year : 1996.


Min Deposit : $1000.


Trading involves risks. Products and services of Swissquote are only intended for those permitted to receive them under local law.


Swissquote Bank Ltd. is an online forex, CFD and derivatives trading broker that offers what may be called a total trading package that goes beyond forex or CFDs. Swissquote Bank is part of the Swissquote Group Holdings Ltd, and represents the Swiss-based trading division of the company. Swissquote Bank operates from Gland, Switzerland and commenced operations in 1996.


The Swissquote website is a multi-lingual portal which offers 10 languages, giving it a wide linguistic spread that can accommodate traders from various countries. Swissquote is a sponsoring partner of Manchester United Football Club, the most successful domestic club in the UK.


Swissquote Bank is a regulated entity. There is a comprehensive trader education suite. Customer support is very responsive and provides timely service. Investor protection is very strong. Highly diversified asset base, which caters to all kinds of traders. Many countries are excluded from doing business with Swissquote, which prevents traders in those countries from opening trading accounts. Minimum deposit amounts are high.


Exness.


Regulated by : FCA, CySEC, FSCA, FSA(SC)


Foundation Year : 2008.


Min Deposit : $10.


General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.


The Exness Group was founded in 2008 and has licences from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles whose services this review is based upon. The group has more than 120,000 active traders and posts key performance indicators on its website.


Exness offers users the ability to trade on a wide range of asset classes covering Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices across five core trading accounts. Professional Accounts are called Raw Spread, Pro and Zero with account leverage of up to 1:2000 on MT4 and unlimited leverage on MT5, no trading commissions on the Pro Account and 3.5 USD commission per lot, per side for Raw Spread and Zero Accounts. Standard accounts are called Standard and Standard Cent which are both commission-free. Demo accounts and Islamic swap-free accounts are also available.


Commission-free trading available. 24/7 customer support in English/Chinese. Impressive range of Forex pairs to trade on. Offshore regulation. Only a selection of US stocks available.


FBS.


Regulated by : ASIC, CySEC, FSCA, FSC.


Foundation Year : 2009.


Your capital is at risk.


FBS is a brand name of FBS Markets Inc which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize and the Financial Sector Conduct Authority in the Republic of South Africa (FSCA). In the EU and the UK, FBS is operated by Tradestone Limited, which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). In Australia, FBS is operated by the Intelligent Financial Markets Pty Ltd with the Australian Securities and Investments Commission regulation (ASIC).


FBS offers the ability to trade on multiple asset classes covering CFDs on Forex and Stocks, Indices, Metals and Energies on the MetaTrader 4 and MetaTrader 5 trading platforms for PC, Mac, Web, Android and iOS operating systems. Moreover, clients from the countries under IFSC, FSCA, and CySEC regulations have an opportunity to trade in FBS Trader app, all-in-one trading platform. Clients from the countries under IFSC and FSCA regulations can also access copy trading services via the FBS CopyTrade app.


Commission-free trading available. Regulated under CySEC, ASIC, and FSCA. ECN accounts available. Can trade on MetaTrader 4, MetaTrader 5 and FBS Trader. FBS CopyTrade available for traders and investors. Fast customer live chat service. Good range of deposit methods Limited number of instruments. Regulated IFSC Belize regulation.


Regulated by : FCA, CySEC, SCB.


Headquarters : United Kingdom.


Foundation Year : 2006.


Min Deposit : $100.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


FxPro is a forex and CFDs broker that was established in 2006. To better serve its international clientele base, FxPro has established offices in major cities around the world. With its quality 24/5 customer support service, traders at FxPro can be assured that all their trading needs will be catered to by this broker. The broker offers both true ECN (non dealing desk) and dealing desk access a the trader prefers.


Superb selection of platforms including cTrader, MT4 and MT5 No dealing desk execution means no conflict of interest with client Free deposits and withdrawals Long track history and reputable firm Wide selection of assets across 6 instrument classes No real educational tools Relatively high fees.


FXTM.


Regulated by : FCA, CySEC, FSC.


Foundation Year : 2011.


Min Deposit : $50.


82% of retail CFD accounts lose money.


This broker offers a dedicated foreign exchange trading platform that gives experts everything they need. With FXTM Invest, you can tap into a proprietary copy trading program. Beginners enjoy being able to copy expert traders. But experts like you can profit by sharing your strategy with others.


Strategy Managers with high rates of return attract green traders looking to follow along with your winning strategy. As a strategy manager, you can charge a fee to those who copy you and profit. You’ll probably want to start with a lower fee, around 10%, to build a fan base while new on the platform. The top three performers charge 30% to 50%.


Introduction to Scalping.


In this article we delve into what scalping is at its core. Learn about the regulations and firms who allow scalping. Discover the technology and methods involved, and we’ll look at what it takes to be a competent firm allowing the investment practice of scalping.


What is scalping?


When it comes to trading, scalping is the quickest investment practice regarding opening and settling positions. It’s considered to be a trading strategy unlike any other. For instance, typical traders will follow trends in the market, hold stocks for days, weeks, even months at a time. Even day traders will trade far less, focusing on the latest stock market news, events affecting markets, economic outlook, etc.


Scalpers on the other hand use a strategy based on technical analysis and short-term price fluctuations. A typical scalper will trade anywhere from 10 to a couple hundred trades in a single day. It truly is the shortest form of short-term trading. It’s a popular method among traders with the potential of making many small profits leading to large gains. However, scalping is considered a high-risk style of trading due to the frequent use and large amount of leverage.


What are the Regulations Concerning Scalping?


Scalping, like other forms of trading has its own set of rules and regulations that firms put in place to protect themselves and the clients trading needs. However, scalpers do have a lot of freedom and control over their strategies. They get to choose their stop loss or take profit orders, as well as their time frame for trading. What a scalper does not have any say over is; the server stability, spreads, and the brokers attitude toward the investment practice of scalping.


Some firms don’t even allow scalping techniques to be used by their clients- we’ll get to that in the next section. For the firms who do allow scalping, they are generally using ECN platforms due to their high speeds in terms of performance and the ability to create a no slippage atmosphere (the expected price of a trade will be the same as when the trade is executed). This also benefits ECN brokers by leading to more trade commissions. In other words, as a rule of thumb its important for investors interested in scalping to trade within firms that have proper regulations in place for scalping to be executed smoothly.


5 Important Aspects of Brokers to Consider for Scalping.


What is the broker’s policy towards scalping?


Most well-established brokers have an official policy allowing scalping techniques to be practiced. Others make scalping very difficult or unprofitable for traders. Some out right refuse scalping techniques within their firm. That being said, it is very important to understand your brokers policies before taking part in this potentially lucrative endeavour.


For instance, a broker allowing scalpers to trade have a system set in place to protect themselves from becoming bankrupt in the event of large profits or losses of their clients. (Forex brokers are liable to liquidity provider banks for the profits or losses of their clients). Brokers trade against the clients, which sets the total market exposure to zero. This allows the firm to be unimpacted by losses or profits by the clients. If a firm is incompetent with scalping practices and how to handle them, the trader can run into many problems such as slow servers, or accounts being deactivated. That being said, it’s best to understand your firms’ policy so you know they can handle the large amount of trades and leverage involved in scalping.


What jurisdiction is your broker in?


You may not think it matters where your broker is located, but this couldn’t be farther from the truth. The forex exchange market has jurisdictions that strictly prohibit scalping. It is important to know what jurisdiction your forex broker is in. For instance, many offshore brokers prohibit scalping. These same brokers are often unregulated and considered unsafe. Regulations regarding money, compensation schemes, and scalping are set in the US, Japan, Australia, UK, Cyprus, and among others.


Is your Broker using an ECN platform?


Brokers who allow scalping are generally using ECN platforms for their traders (Electronic Communication Network). These brokerages are among the fastest in the Forex world, and they provide a marketplace where market makers can place competing bids against the trader and vice versa. This makes it possible for brokerages to allow scalping and offer lower spreads. ECN brokers offer many other benefits too. Trading with brokers using ECN often offers lower fees and extra trading time, which is great for traders who prefer the flexibility over normal market times. Also, a great deal of privacy is available for those who want it. Another strong point for ECN brokers is the level of transparency. All the ECN brokers have access to the price information and history, allowing for easier analyzation of the marketplace and helping to prevent price manipulation.


Some additional things to consider about ECN brokers are:


Account Size- Higher deposits are usually required. Execution- The high speeds of this platform is unparalleled compared to other systems. Sometimes spreads are non-existent and can even be inverted by a second or two. Spreads- Are much lower than those used by regular brokers, because of this ECN brokers charge their clients a fixed commission per trade. However, spreads will vary a lot as they are based more precisely upon market supply and demand.


Does the broker have fast speeds in terms of execution?


We’ve talked about how important it is to have a reputable broker with a regulated policy allowing scalping within the marketplace. But what’s equally important, is how fast the price feeds are. Since a scalper is trading many times in a short time frame, it is important to receive the latest quotes in a timely manner, and at the same time execute decisions without delay. Slippage is not an option for scalpers. They need to be able to trade constantly without delay, or trading this way would be impractical. I conclusion, scalping really is a high intensity trading method and requires state of the art tools, and a highly efficient brokerage firm.


What does your broker specifically say about scalping?


If your broker is a highly reputable and competent broker, they should have no problem providing you with an absolute statement on weather or not scalping is permitted in the marketplace. Their statement should be concise and understandable, not with any grey areas or uncertainty. If a broker is hesitant about scalping, they are not the ones to use. Brokers who allow scalping and provide an excellent atmosphere and platform to do so will welcome scalpers with open arms.


Terms & Conditions: What to Look Out For?


The terms and conditions are very important to a scalper. By trading in an unconventional way there are certain terms and conditions that affect and apply specifically to scalpers. Some of these terms and conditions are as follows:


Make sure to check the amount of time you have to close your trades. Many well established and reputable brokers offer scalpers additional trading time outside of normal market hours. This can be important to a scalper who enjoys more flexibility. Be sure that the broker definitively states that scalping is a viable trading method on the platform. You don’t want to be confused after reading whether its allowed or not. It should be concisely written in plain language. If it says some where in the terms and conditions that price arbitrage is not aloud, then it might as well say scalping isn’t aloud either.


Reasons for choosing a broker that allows scalping.


Brokers who allow scalping is not a bad thing, in fact it’s a very good thing. Brokers who allow scalping are more often than not, very established and reputable brokers. They are required to be competent and efficient which allows them to handle large amounts of orders. Scalping brokers also use modern and fast technology, which allows them to be very efficient at what they do.


Technical Tools for scalpers.


Scalping relies heavily on technical software. Which is why it is of the upmost importance for the system to be fast and efficient. Not only are the performance requirements important, but the visual aspect of the software is of high priority to scalpers. A dedicated and experienced scalper will spend hours a day staring at the screen. Therefore, an interface that is easy on the eyes is very important. Also, a platform that allows the display of multiple time frames simultaneously is very important for keeping up to date with the latest price movements.


FAQ’s 3 questions and answers related to the topic matter:


Why do traders scalp?


Scalpers can make a large profit from many small profits. The technical analysis aspect of scalping draws attention to scalpers as well. A forex scalping system can either be manual or automatic- looking for signals on whether to buy or sell. The use of real-time charts is a scalpers best friend, and this method of analysis and trading attracts scalpers.


Why do some brokers disallow scalping?


Scalping requires a lot of technical power, techniques, and competence from a brokerage firm. If the brokers technological platform is out of date or too slow to handle large amount of trades in a short period of time they will run into issues. As well, brokerages need to have a system in place on how to deal with scalpers or they could lose money and become bankrupt- this often scares firms away from allowing scalping. Also, not all jurisdictions allow scalping- it depends where the broker is located.


Is scalping legal?


Yes, the practice of forex scalping is perfectly legal. However, you need to be in the right jurisdiction- some do not allow it. Scalping.


Conclusion.


Finding a broker that offers scalping is hard. But don’t worry we have saved you the time and effort by creating a list of the very best scalping brokers. Our list is compiled as the result of user reviews and our expert research.


Read More:


How To Choose the Best Forex and CFD Broker W hy Using Leverage is Popular in Forex Trading What are the Different Types of CFD brokers? Forex Brokers Regulations.


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Scalping the forex

5 Best Scalping Forex Brokers in 2022.


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Huzefa Hamid.


| Updated on December 26, 2022.


Scalping is one of the most favored trading strategies, but not all Forex brokers allow it. As with any trading strategy, traders need to understand what it is and how it works. See below our favorite scalping brokers.


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The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.


Best all around broker.


High floating leverage + fast execution.


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Get Started.


The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.


ECN-style trading.


Daily market research and Autochartist access.


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Get Started.


The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.


Trade 1,000+ financial instruments.


Experience low, competitive spreads.


Multiple funding and swift withdrawal options.


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Get Started.


The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.


Solid broker for scalping and hedging.


Institutional-style trading opportunities for retail traders.


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Get Started.


The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.


High level regulation in multiple jurisdictions.


Impressive range of tradeable assets including vanilla options and gold options.


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FXTM.


5.0/5 in this category.


In Summary.


Best all-around broker with high floating leverage and fast execution.


In Summary.


Best all-around broker with high floating leverage and fast execution.


FXTM remains at the top of any list dedicated to the best Forex broker for scalping. The $10 minimum deposit makes it accessible to all traders , while the maximum leverage of 1:2000 is one of the most defining tools for scalpers. There are no restrictions on trading strategies, and over 2,000,000 traders manage their accounts at FTXM, which established itself as a market leader for emerging markets and enjoys a growing presence in frontier markets. The 30% deposit bonus, available to most non-EU clients, provides an additional boost to new retail traders with smaller deposits. FTXM is also one of the most transparent and trustworthy online brokers in operation.


FXTM Pros & Cons.


Excellent commission-based Forex pricing environment and transparency.


Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app.


Quality market research and educational content for beginner traders.


FP Markets.


5.0/5 in this category.


In Summary.


ECN trading with leverage up to 1:500.


In Summary.


ECN trading with leverage up to 1:500.


FP Markets has been serving traders since 2005 and grew into one of the most recognized Australian-based multi-asset brokers. It operates under the oversight of the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Most global clients will trade with the unregulated international business company (IBC) registered with St. Vincent and the Grenadines Financial Services Authority (FSA). FP Markets has no restrictions on any Forex scalping strategy. The no dealing desk (NDD) execution model and execution speed below 40 milliseconds offer the technology that infrastructure scalpers require to succeed. The 36 industry awards confirm the excellence of this broker.


FP Markets Pros & Cons.


Choice of trading platforms and auxiliary trading tools.


Very competitive cost structure and excellent asset selection.


Low minimum deposit requirement and leverage of up to 1:500.


Eightcap.


5.0/5 in this category.


In Summary.


Competitive pricing + excellent daily videos.


In Summary.


Competitive pricing + excellent daily videos.


EightCap, also known as 8Cap, is a safe forex and CFD broker with over ten years of experience in the industry. The company is based in Australia and was established in 2009. Two major regulators license EightCap including the Australian Securities and Investments Commission (ASIC) as well as the Vanuatu Financial Services Commission (VFSC) . EightCap is popular, particularly with newer traders thanks to its low minimum deposit requirements (with no extra fees for depositing or withdrawing) and relatively high leverage of up to 1 to 500 . They also feature a competitive ECN cost structure , and have an excellent range of quality educational content, which includes a demo account, top class technology infrastructure and low forex fees.


EightCap Pros & Cons.


Low minimum deposit and high leverage of up to 1:500.


Competitive cost structure.


Excellent technology infrastructure and seasoned management team.


BlackBull Markets.


4.5/5 in this category.


In Summary.


Best ECN trading environment, with scalping and hedging.


In Summary.


Best ECN trading environment, with scalping and hedging.


BlackBull Markets was founded in 2014 in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia . BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification .


BlackBull Markets Pros & Cons.


ECN/NDD execution model with deep liquidity.


Institution-grade pricing for retail traders via proprietary price aggregation.


ZuluTrade and Myfxbook for social trading.


AvaTrade.


4.5/5 in this category.


In Summary.


Highly regulated, choice of fixed or floating spreads.


In Summary.


Highly regulated, choice of fixed or floating spreads.


Irish-based AvaTrade provides scalpers with a choice of fixed and floating spreads from a commission-free trading account. While this broker does not grant ideal conditions for Forex scalpers, it remains one to consider amid its deep liquidity. The minimum mark-up is 0.9 pips, above the range most successful scalpers prefer, and less competitive than most well-established brokers. This market maker does not note any restrictions on trading strategies and maintains technology infrastructure to handle high-volume and high-frequency trading strategies. The cost structure does discourage scalping to a certain extent. Some scalpers may take advantage of fixed spreads during market-moving events to avoid slippage.


AvaTrade Pros & Cons.


High-quality educational offering via SharpTrader.


Excellent choice of trading platforms catering to various trading needs.


Broad asset selection and cross-asset diversification opportunities.


Top Scalping Forex Brokers.


What is Scalping?


Scalpers, as traders are known who use scalping as their preferred trading strategy, favor large trading volumes and minor price movements. While the basic principle of scalping remains simple, implementing it is far from easy. Many new retail traders attempt to scalp the Forex market, as capturing a minor price move, sometimes as little as 1.0 pips or less, in theory, requires less of an effort than maintaining a low-volume trade over a prolonged period. Scalping remains the shortest form of short-term trading, and those who utilize it successfully can reap the benefits of it daily, adding to its growing popularity.


While all traders must practice discipline, scalpers require it even more. One of the most defining aspects of Forex scalping is psychology. Many new traders overlook it, as scalpers maintain positions for a short period and might place hundreds of trades daily, but unless a trader masters the psychology of trading, each strategy, including scalping, will fail. Scalping Forex pairs can also be one of the most exciting and rewarding ways to trade, but it also carries higher risk. Most associate the added risk to leverage, which is an incorrect assessment. Traders who wish to learn how to scalp successfully must learn how to accept losses. Scalpers rely on trading volume, trading frequency and leverage. Therefore, there can be hundreds of small profits and losses throughout the trading session. Executing any scalping strategy with the wrong type of broker is as devastating as not knowing how to scalp.


Scalping refers to placing high volume trades to profit from small price movements. Scalpers often conduct dozens or hundreds of transactions per day and require tight spreads, maximum leverage and excellent liquidity. A Forex scalping strategy is the highest-volume trading strategy available, and many scalpers seek a broker with a cash rebate program to boost their revenue stream. Small profits can add up to a respectable amount at the end of the trading session, but scalpers must strictly follow an exit strategy to avoid one loss from wiping out a series of minor profits. Usually, scalpers close all positions at the end of the trading day and avoid unexpected price spikes and swap rates on leveraged overnight positions. Trading psychology and precise entry levels represent essential tools for successful scalpers, who rely exclusively on technical analyses and prefer high-volume fundamental events due to the liquidity spike that surrounds them. The most sophisticated scalpers will use automated trading solutions and expert advisors (EAs) in the MT4 and MT5 trading platforms. Scalpers prefer to trade liquid major currency pairs while avoiding more illiquid minors and exotics.


The Risks of Scalping in Trading Forex.


Psychology and discipline remain two primary risks for scalpers. Since scalping Forex involves placing hundreds of trades daily, there will be many small profits and losses. Scalpers must follow their strategy precisely while also understanding when to make swift adjustments to dynamic market conditions. Learning how to accept losses remains paramount to earn profits, especially as a scalper. Allowing a losing position to run can swiftly wipe out a daily profit and lead to more errors. The longer a scalper holds a trade, the greater the chances it will become unprofitable. Scalping from an insufficiently funded trading account is another risk, especially for new traders.


The Best Times for Forex Scalping.


Since scalpers require liquidity and prefer volatility, scalping just before and after economic data announcements is one of the best times for Forex scalping . The first hour of the London trading session is another one, together with the first hour of the New York session, and the last hours of official trading in London and New York, respectively. It also depends on the currency pair, with Japanese yen traders showing activity during the first and last hour of the Tokyo trading day.


Why Should You Select a Broker Who Allows Scalping?


Many of the brokers that allow scalping have the necessary infrastructure in place to enable a profitable Forex scalping strategy. While the MT4, MT5, or cTrader trading platform, all of which support automated trading strategies, are available at most brokers, scalpers must consider liquidity, execution, and costs . Another reason to select a broker that allows scalping is to ensure that traders do not violate the terms and conditions of the client-broker agreement. Violations can result in the loss of accumulated profits, a warning, and ultimately the return of the initial deposit together with the closing of the account. Therefore, traders interested in scalping must read the terms and conditions. Usually, a reference to scalping or trading strategy restrictions is available. Should it be missing, customer support can clarify the position of the broker regarding scalping.


The Regulations Concerning Scalping.


Most global regulators leave the applicable rules up to brokers, but the US Securities and Exchange Commission (SEC) prevents traders with less than $25,000 in capital executing a scalping strategy. It falls in the category of pattern day trading, and those in violation of it will have their account suspended until raising the equity threshold to satisfy the requirement. The $25,000 rule applies to US equity markets only. Futures and Forex traders do not face it, leaving it up to individual brokers to set rules and regulations.


Broker Policy Towards Scalping.


Each broker maintains terms and conditions, where traders can locate the policy towards scalping. Given the popularity of Forex scalping, many brokers answer the question directly in their FAQ section. Always make sure to scalp with a broker that allows it, and while many place no restrictions on it to attract more traders, the cost structure discourages it. Others may implement restrictions on the number of allowed trades per day, open positions, or total lot size, all of which can negatively impact scalpers.


Is the Scalping Broker Using an ECN Platform?


Usually, ECN brokers permit Forex scalping as they are not the counterparty to client positions and charge a commission per transaction. Unlike market makers, who are the counterparty with direct exposure to client profits and losses, ECN brokers have none. Therefore, the higher the trading volume, the higher the revenues for ECN brokers. It also ensures top-tier liquidity and access to raw spreads, a requirement to scalp consistently with a profit. The technology infrastructure also remains superior, resulting in competitive trade execution and price improvements.