But rather, if the asset’s price is showing volatility and moves at all.A scalper, trading the currency markets, for example, does not gain more than a few pips per trade (1, 2, 5 pip). The scalper exploits the micro-oscillations of the market, which have a limited duration in time. A trade can run from a few seconds to a few minutes, and for this reason, bring very small profits. Those who use this technique are fulfilled with a few quick profits, continually repositioning themselves in the market. The objective is to attempt to exploit its many swings and trying to minimise losses. To take advantage of the continuous price fluctuations, the scalper must devote several hours of activity on the charts, maintaining a high and constant concentration level to execute several trades successfully.

Scalpers may opt for the MT5 platform which provides 21 different timeframes, 38 inbuilt indicators, and 22 analytical tools. Now that you’ve seen our picks for the best brokers for scalping, check out the ForexBrokers.com Overall Rankings. We’ve evaluated over 60 forex brokers, using a testing methodology that’s based on 100+ data-driven variables and thousands of data points. That said, it’s important to understand what it means to engage in forex scalping; the term “scalping” can carry different meanings, depending on how you execute your trading strategy. As long as your trading strategy is not entirely based on the exploitation of price differences across brokers, it will likely be permitted by your broker (always check the terms and conditions, to be sure).

What is negative balance protection in forex trading?

The broker provides a decent range of standard and professional trading accounts. Scalpers will find the three professional accounts Raw Spread, Zero, and Pro the most suitable. Scalpers sometimes open hundreds of positions daily, resulting in an overload of the brokers’ systems. Bombarding a broker’s servers with hundreds of large-volume orders at such high frequency can potentially slow down execution and even lead to system outages in some cases.

Forex.com – Best For US Traders

Saxo offers market maker execution for forex trading and publishes its order execution summary. Traders also benefit from the competitive commission-based trading fees in the Eightcap Raw account, featuring raw spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot. To start the above process, first, we had to sort the brokers not just based on spread but spread + commission. Fortunately, myfxbook has this feature so you can see the real cost of trades, however, it’s not always correct. As you know, the cost of trade is not just spread when you have an ECN or zero account.

Additionally, Eightcap’s low spreads, particularly on its Raw Account, ensure low-cost trading, which is vital when we’re using a high-frequency trading, scalping trading strategy. The broker offers average RAW spreads from 0.1 pips on EUR/USD, which is decent and below the industry average of 0.22 based on our tests. While testing the HF Markets account, we liked the range of available tools, including AutoChartist and their AI-powered advanced insights tool. This AI tool piqued our interest because it collected millions of articles about the markets and provided a real-time sentiment analysis based on this data. Our analyst, Ross Collins, used the MetaTrader 4 platform to track the RAW spread pricing on EUR/USD over 24 hours and compared it with 15 other brokers.

IC Markets

This market maker does not note any restrictions on trading strategies and maintains technology infrastructure to handle high-volume and high-frequency trading strategies. Some scalpers may take advantage of fixed spreads during market-moving events to avoid slippage. IG offers a commission-based Forex Direct account for agency execution and connects price feeds from major liquidity providers. IG also offers a spread-only (commission-free) account for market-maker execution.

We gathered the data every 48 hours and at the end of the month, we calculated the average of them to reach the final results. Turned out two of the good ones, Swiss market and BD Swiss, don’t allow scalping — actually, they are both under BD organization so technically they are from the same company. It’s also a useful hub for profitable strategies to find and attract investors by depicting all the necessary information beaxy exchange review about their strategies.

1. This can be super convenient when you need to quickly adjust your positions – a common need for scalpers.
2. These orders get added to each instant execution (instead of manually adding them after executing – which we can easily forget), ensuring your risk management is consistently implemented.
3. The cTrader platform was designed specifically for high-frequency traders such as scalpers and algorithmic traders.

Runners up in our list of best scalping brokers are IC Markets, Skilling, FXTM, and FOREX.com. We also considered both quantitive metrics and qualitative insights gathered during the testing process. This allowed us to identify the 5 brokers that are best for this specialized strategy. Choosing the best broker is not an easy process, but when it comes to scalping it can be the difference between profit and loss. Our team always crosscheck brokers’ credentials against the respective regulator’s database to confirm their licenses are valid. FXTM is a popular global broker with over 4 million registered accounts and 25+ awards.

I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis itrader review course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.

He found that Pepperstone offered EUR/USD at 0.0 pips 100% of the time, way better than the industry average of 94%. 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.

Best Forex Brokers for Scalping

The broker has the best execution speed on our list and the spreads + commission are rather low so we put it on the list of the best brokers for scalping. If you’re a scalper or day trader, you’ll have specific needs for your trading platform, and BlackBull Markets meets these with a wide range of trading platforms (MT4, MT5, cTrader, and TradingView) and instruments. Whether trading forex, commodities, indices, or shares, BlackBull Markets offers the tools and assets scalpers are looking for. However, if you are obviously trying to scalp price deviations from one provider to another, the liquidity providers themselves could catch on – which could then result in worse trade execution.

We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity. Our editorial and marketing teams operate independently, ensuring the accuracy and objectivity of our financial insights. It is very common for brokers to differ on these definitions of what exactly scalping is, so it is well worth your while ironing out the fine details before you begin to try to trade with them in a scalping style. The last thing you want is to have the hassle of having your trading account closed and deposit refunded due to a breach of rules you were not aware of. Ideally, your trading platform should allow you to set your stop and limit prices at the very same time you enter the market.

If you don’t use automated trading, cTrader RAW is the best option in this broker for scalping. Another thing that makes the ECN account of this broker attractive is that you can open an ECN account with only $10 so it’s a suitable broker for scalping with very small accounts. The one that I like the most is withdrawal without commission where you can withdraw your money twice a month without any extra fees for all their available methods. Yes, most offshore Forex brokers are using a no dealing desk model and these brokers usually allow scalping. By offshore, we are referring to brokers based in countries with less strict regulation such as the FSA in Seychelles and SCB in the Bahamas.

Traders must read the fine print and, if in doubt, reach out to customer support. The terms and conditions will outline any restrictions, if not directly for scalpers, indirectly on other aspects required to execute a scalping strategy. While most ECN brokers allow scalping, most market makers do not, and there are always exceptions. Trading with a broker that does not allow it will result in financial losses and other complications, which traders can avoid by reading the terms and conditions carefully and understanding them. The inclusion of 28 Smart Trader Tools and commission discounts for high-volume traders can also offer substantial benefits for many traders.