Visit Pepperstone74-89% of retail investor accounts lose money when trading CFDs
Visit IC Markets74-89% of retail CFD accounts lose money
Visit HF Markets70.51% of retail investor accounts lose money
Visit Admirals76% of retail investor accounts lose money
Visit Vantage74-89% of retail CFD accounts lose money
Visit FP Markets74-89% of retail CFD accounts lose money
Visit OctaFX74-89% of retail CFD accounts lose money
Visit Forex.com81% of retail investor accounts lose money
Visit AvaTrade76% of retail investor accounts lose money
Visit Roboforex61.41% of retail CFD accounts lose money
The best Forex brokers for scalping, according to our research, are:
- IC Markets
- HF Markets
- FP Markets
To choose the brokers we have taken into consideration a number of factors:
- The orders execution speed of the broker
- The maximum leverage allowed on forex
- The overall commissions when scalping on forex
- The platforms made available from the brokers
What are the best scalping brokers?
Below is our curated list and review of the best scalping brokers both for forex and CFDs. Included in this listing are ECN, low-spread non-ECN brokers, and fixed-spread brokers.
All of these support scalping and are the top broker choices we have found in the industry.
Comparison of the best scalping forex brokers
|FOREX BROKER FOR SCALPING
|SPREADS ON FOREX FROM
|FEE PER EVERY $100.000 TRADED
What is the best scalping broker for Forex?
The best scalping forex broker is Pepperstone.
Pepperstone offers very low spreads from 0 pips, with a lot-based commission of $7. Additionally, with Pepperstone you can have a very fast order execution.
What is the best scalping broker for stocks?
The best scalping broker for stocks is Interactive Brokers.
At Interactive brokers you can trade over 10000 stocks all around the world with low fees. For more options, see best stock brokers.
What is the best scalping broker for crypto?
The best scalping broker for cryptocurrencies is XTB for Crypto CFD, and Binance for real, futures and options crypto trading.
XTB charges a 0,22% fee, while binance keeps them lower at 0,10%. Both allow scalping on bitcoins and other cryptocurrencies. For more options see best forex cryptocurrency brokers, and best crypto exchanges.
What is the best scalping broker for futures?
The best scalping broker for futures is Interactive Brokers.
At Interactive Brokers you can scalp on crypto, forex, stock, and index markets futures from $0,25 per contract. Additionally, you can also find E-mini futures. For more options see best futures trading brokers.
What is the best scalping broker with ECN execution?
The best scalping broker with ECN execution is FP Markets.
FP Markets charges very low fees per lot traded, being $6 round-turn. Additionally, here you can find raw spreads from 0 pips, and a fast execution speed of 40ms on average. For more options see best ECN brokers.
What is the best scalping broker with the lowest spread?
The best scalping broker with the lowest spread is Pepperstone.
At Pepperstone spreads on the EUR/USD forex pairs are 0.09 pips on average, and they charge a competitive $7 commission per every lot traded. Order execution speed is also fast, being 30ms on average. For more options, see best low spread brokers.
What is the best scalping broker with the MT4 platform?
The best scalping broker on MT4 is IC Markets.
On the IC Markets MT4 Raw Spread account you can find raw spreads and a $7 commission per lot. The execution speed is also competitive, sitting at around 66ms on average. For more options see best MT4 brokers.
What is the best scalping broker for Expert Advisors?
The best scalping broker for EAs is IC Markets.
Other than raw spreads and a low commission per lot, IC Markets allows trader to use EAs on MT4, MT5 and cTrader. Additionally, they make VPS available and offer the FIX API. For more options, see best automated forex brokers.
How to choose the best broker for scalping
It is necessary to find a broker presenting the following basic features to best suit scalping:
- Choose a broker with extremely low spread on forex, raw spreads from 0 pips are best.
- Check the availabilityty of high liquidity assets
- Possibility to analyze markets with several indicators, possibly customizable and/or using custom coded indicators
- “Market depth” visibility is optional, but very useful. cTrader platform has this feature
- No dealing desk execution such as the one offered by ECN and STP brokers is best because it’s faster and with lower spreads compared to the dealing desk one
- High leverage (above 1:30 if possible) can be useful to amplify the market exposure, but it will make scalping even more risky than it already is. Only professionals should think about using high leverage, especially when scalping
- Choose a forex broker regulated by regulations such as FCA, NFA, ASIC or european watchdogs such as CySEC
Given the peculiarities of scalping, not all forex brokers encourage it. Some even forbid it.
How does a Scalper Trader profit from the market?
Scalpers profit from the market by finding trading opportunities through technical analysis and extremely advanced risk-return ratio risk analysis.
Professional traders aim at having a good risk/returns ratio (from 1:2 up), which allows them to sustain even smaller percentages of success, even below 50%, still generating profits. However, this isn’t the case for scalpers. Taking profits after such short times, the risk/returns value tends to be quite low, which forces scalpers to keep an extremely high percentage of winning trades to constantly generate profits.
This activity isn’t for anyone. Besides having solid technology assets (such as PC, monitors, etc.) and a fast, stable connection, scalping requires extremely high self-discipline and concentration.
Furthermore, obviously, it is necessary to work with a good scalping forex broker, preferably one from the list.
How much money does scalping require?
Scalping forex brokers typically require $200 to open a trading account, however, much less money can be used to open scalping orders.
To open a scalping order, a base amount of $1000 (equivalent to 1 micro lot) is usually recommended. But, the actual money needed depends on the broker’s offered leverage. For instance, with a leverage of 1:100, you’d only need $10 ($1000 divided by 100) to open an order.
What are the best financial assets for scalping?
For scalping to be effective, trading assets that offer high liquidity are essential. High liquidity ensures swift entry and exit from the market and reduces chances of slippage or requotes. The best assets for scalping include Major forex pairs, major indices and derivatives such as CFDs.
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