Best Scalping Forex Broker
Making a profit by scalping is not easy, so you need the best forex broker to support your scalping strategy。
Making a profit by scalping is not easy, so you need the best forex broker to support your scalping strategy。
When it comes to scalping, choosing the right broker is critical to maximizing profitability and executing trades accurately。Low spreads, fast execution speed, no re-quotes and a reliable trading platform are key considerations.。By carefully evaluating these aspects, traders can find brokers that match their scalping strategy and improve their chances of success in this fast-paced trading style。
That being said, some brokers are offering good scalping conditions。Here are some of them and the spreads they offer:
- FBS: Spreads from 1: 00 (Standard and Cent accounts)。
IC Markets: raw spread from 0.From 0: 00 (ECN account)。
Exness: Floating spread from 0.From 0: 00 (ECN account)。
Pepperstone: From 1: 00。
ThinkMarkets: NDD account spread of 0.01。
FXTM: Floating spread from 0。
FXPro: Floating spread from 0。
FXCM: Floating Spread 1.From 3 o'clock。
FXOpen: Floating spreads start at 0 points。
Orbex: spread as low as 0.6 (ECN account)。
In addition to spreads, these brokers offer other features to accommodate scalping strategy traders, and what else traders should check about these brokers?
1. FBS
FBS is regulated by IFSC and CySEC and offers a variety of account types, including standard, cent, zero and ECN accounts, as well as trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).。Traders only need to deposit $100 and can easily open an account with a spread from 1 point (standard account and cent account)。
FBS offers low spreads on major currency pairs, which is good for scalpers。Low spreads allow traders to enter and exit trades quickly without losing most of their profits due to transaction costs.。
The broker claims to offer fast trade execution, essential for scalpers aiming to take advantage of small price swings。Fast execution ensures that trades are executed at the desired price without slippage or slippage。
FBS also explicitly allows scalping as a trading strategy and does not impose any specific restrictions or restrictions on scalpers.。Some brokers may have certain restrictions, such as minimum trade duration or trade volume limits, that may hinder scalping strategies。
Since 2009, FBS Holding Inc.(FBS) achievements in the field of foreign exchange transactions have been recognized by various international institutions.。As of 2019, the number of FBS clients reached 14 million, winning the most transparent Forex broker in 2018, the best investor education in 2017, the best customer service broker in Asia in 2016, the IB Forex program and many other titles.。
FBS is regulated by Belize IFSC and Cyprus CySEC。The broker is trusted by millions of traders and 370,000 partners from all countries.。According to the data, FBS has about 7,000 new trader and partner accounts every day.。And, 80% of customers will stay in FBS for a long time。
Trading products offered by FBS include Forex, CFD, Precious Metals and Equities。For Forex trading, CySEC-regulated FBS provides leverage of up to 1: 30 for cent accounts and standard accounts。Customers who want to try higher leverage can also register an account with FBS Belize。
In all types of accounts, the spread is from 1 point。Volume orders in standard accounts can be 0.01 to 500 lots, it is recommended that experienced traders use the account。
And on the cent account, bulk orders can be executed up to $500 breakups or the equivalent of 5 standard lots.。Cent accounts involve varying degrees of risk。FBS recommends cent accounts to beginners。All account types support the following trading instruments: 28 currency pairs and 2 metals。
Before entering the real Forex market, traders can practice using the FBS demo account, which is divided into two types, namely standard account and cent account。
Using the MetaTrader 4 and MetaTrader 5 platforms, FBS provides services on Windows and Mac, as well as Android and iOS mobile devices, providing traders with a trading experience at their fingertips, allowing traders to trade anytime, anywhere。
The MetaTrader platform also has a variety of key features, including the creation, purchase and use of Expert Advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, documentary other traders, hedging positions and VPS service support。
Another advantage of FBS is that customers who meet specific requirements receive a 100% deposit bonus and the deposit and withdrawal process is fast and convenient.。According to the customer, in addition to holidays, usually no more than 3-4 hours。
In order to increase the security of client funds, FBS also offers segregated accounts where 70 per cent of funds can be deposited with the client's bank; in addition, the margin is between 10 and 100 per cent.。If the trader loses funds in the course of trading but is insured, FBS will refund the trader's funds。
Traders have the opportunity to develop a side business when trading with FBS, i.e. as an economically recommended (IB) or affiliate。The commission provided by the FBS partner system is already at level 3, and traders can only earn additional income if they introduce new customers to FBS according to certain procedures。
Traders will also gain trading education experience at FBS。They have prepared a comprehensive foreign exchange course divided into 4 levels: beginner, beginner, intermediate and advanced。Traders can take courses that transform them from novice to professional, all materials are well structured。In addition, FBS offers a variety of forex analysis, webinars, forex news and daily market analysis that can be easily accessed on its website。
Traders can visit the official FBS website, which is available in multiple languages, including English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, etc., and also provides live chat support 24 hours a day, 7 days a week。
In summary, FBS is a well-known broker among global retail traders。Due to flexible trading conditions, customers are able to use a variety of instruments for trading, low deposits, etc.。
2. IC Markets
IC Markets is an ASIC-regulated broker (license number 335692) that provides up to 1: 500 leverage and 0 for ECN accounts..Floating spread of 0 points。IC Markets are the first choice for scalping traders due to their minimal spreads and fast trade execution。
The broker offers ECN (Electronic Communication Network) pricing with small spreads and competitive commission rates。Scalping traders benefit from a variety of available trading platforms such as MetaTrader 4 and MetaTrader 5, often used for scalping strategies。In addition, there are no trading restrictions and are free to take hedging and EA。
IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
3. Exness
Exness offers different account types to meet the different needs of traders, including scalpers。These account types may offer specific benefits, such as lower spreads, faster execution speeds or additional trading tools, allowing scalpers to choose the account that best suits their requirements。
Exness also offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, which are well-regarded and widely used by scalpers。Advanced charting tools, real-time quotes, and customizable metrics for efficient execution of scalping strategies。
This CySEC-regulated broker (license: 178 / 1) has many advantages, including a leverage ratio of up to 1: 2000 and an ECN account 0.Floating spread of 0 points。In short, Exness is one of the few brokers suitable for scalping。In addition, there are no trading restrictions for EA and scalping strategies。
The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。
Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。
Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。
Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。
Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。
Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。
Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。
In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。
Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms。This makes it easier for traders to trade on Exness because they can also access the Exness platform anytime, anywhere.。
Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。
One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。
With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。
Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。
Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。
In summary, Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。
4. Pepperstone
Pepperstone is an ASIC regulated broker offering standard STP accounts with leverage up to 1: 500 and a floating spread of 1 pip。Pepperstone is known for its fast trade execution, ensuring that scalpers can quickly take advantage of small price swings.。
Hedge and EA also have no trading restrictions。In addition, Pepperstone accepts deposits in a variety of currencies, including:
- USD USD
- EUR
- GBP Pound Sterling
- CHF RMB
- JPY Japanese Yen
- AUD AUD
- CAD Canadian Dollar
- NZD New Zealand Dollar
- SGD Singapore Dollar
- HKD Hong Kong Dollar
Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。
Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。
They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。
Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:
Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions
With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。
As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。
Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。
When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。
Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。
Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。
Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。
As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。
If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。
Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。
5. ThinkMarkets
ThinkMarkets is regulated by ASIC and the FCA, which are among the most honest regulators in the world.。ThinkMarkets offers major currency pairs and competitive spreads, which are good for scalpers。
It also provides 0 for NDD accounts.01 spreads and leverage up to 1: 500。Like the above brokers, ThinkMarkets fully adheres to every scalping strategy;。
As a multi-asset online brokerage, ThinkMarkets offers a wide range of trading assets from Forex to Precious Metals, Commodities, Indices, Stocks and Cryptocurrencies。The Australian-based broker was founded in 2010 and has since opened more headquarters in London and regional offices in Asia Pacific, the Middle East, North Africa, Europe and South America.。
Along with its historical operations, ThinkMarkets has received numerous awards and recognition in various aspects.。They recently won the Best Value Broker Award in Asia at the 2020 Global Forex Awards。
Standard account average forex spread for traders who open an account with ThinkMarkets from 1.From 2, while ThinkZero offers 0.Best trading experience at 1 point spread。However, traders may want to take into account that ThinkZero charges 3 per side for every 1,000,000 trades..$5 commission。
As a global online brokerage firm, ThinkMarkets operates under the supervision of multiple financial regulators, for example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and licensed by the Australian Financial Services Authority and the Australian Securities and Investments Commission (ASIC), ABN: 69158361561。ThinkMarkets UK is registered with the Financial Conduct Authority (FCA) under the name TF Global Markets (UK) Limited (No.09042646)。
ThinkMarkets is always committed to improving its trading environment through a variety of advanced products.。Auto trading enthusiasts can use free VPS hosting, while enthusiastic traders who want to experience outside the MetaQuote platform can try ThinkMarkets' proprietary platform ThinkTrader。
The trading platform offers 3 different interfaces designed for web desktop, tablet and mobile display。In addition, custom tools such as more than 80 drawing tools and more than 125 technical analysis indicators can even be accessed via mobile screens, which will undoubtedly provide a new mobile trading experience.。
In terms of market updates, the ThinkMarkets deal will be accompanied by news from FX Wire Pro, which is known for its strict policy of adhering to objective news reporting and providing critical, credible information in real time.。Information areas covered by FX Wire Pro include economic commentary, technical-level reports, currencies and commodities, central bank bulletins, energy and metals, and event-driven bulletins。
For payment methods, ThinkMarkets provides gateways through bank transfers, credit cards (Visa and MasterCard), Skrill, Neteller, POLi online banking, BPay, and Bitcoin wallets。
All in all, for a company that has been in business since 2010, ThinkMarkets has been quite successful in terms of legal status and trading technology innovation.。As an additional guarantee of safety for traders, the broker highlighted its commitment to a $1 million insurance protection plan, which is achieved through ThinkMarkets and Lloyd's of London insurance policies, in the unlikely event of bankruptcy Provide up to $1 million in protection for customers' funds。
6. FXTM
FXTM is regulated by CySEC and is known for its fast trade execution and competitive spreads, which are attractive to scalpers.。Traders can choose from ECN and standard account types to meet their specific scalping requirements。FXTM supports MetaTrader 4 and MetaTrader 5 platforms and is widely used by scalpers。
Scalping is allowed for ECN accounts only, while scalping is prohibited for standard accounts。Most importantly, FXTM offers 0 or 0.Floating spread of 5, depending on ECN account type, with leverage up to 1: 500。
Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。
FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。
FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。
As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。
As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。
For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。
Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。
FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。
The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。
Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。
7. FXPro
FXPro offers fair dealing under FCA and CySec regulation。FXPro uses a desk-free (NDD) execution model with competitive spreads on major currency pairs.。
Fully allow and support scalping, floating spreads from 0 points, leverage up to 1: 500。In addition, FXPro offers several trading terminals for all its trading accounts, such as:
- MT4
- MT5
- cTrader
Since its inception in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries and is headquartered in London, UK.。
FxPro UK Limited has been licensed and regulated by the FCA since 2010。Meanwhile, other subsidiaries, such as FxPro Financial Services Limited, have been authorized and regulated by CySEC since 2007 and by FSCA since 2015.。So traders no longer have to worry about their money。As a staunch supporter of transparency, it sets the highest security standards for client funds, as companies choose to keep their money in major international banks, completely segregated from corporate funds.。
They always strive to provide transparent and ethical practices in the global trading industry。In 2018, 74.65% of market orders are executed at the requested price, 12.8% of customer orders are executed with positive slippage。In addition, only 1 of all instant orders.4% received a re-offer, of which 0.72% received a better price at the time of execution。
FxPro's total number of transactions increases year by year。In 2018, trading volume reached 53.6 million。Based on the trust of customers, FxPro won the UK's Most Trusted Forex Brand Award 2017 from Global Brand Magazine。In addition, they became the first broker to sponsor an F1 team in 2008 and FxPro has won around 60 UK and international awards.。
They are committed to creating a dynamic environment that provides traders with all the tools they need to gain a trading experience.。Open an account with FxPro to access more than 250 CFDs across 6 asset types, including FX, equities, spot indices, futures, spot metals and spot energy。They want to provide clients with top-of-the-line liquidity and advanced trade execution without the need for trading desk intervention.。Average execution time less than 11.06 milliseconds, up to 7,000 orders per second。These advantages allow traders to benefit from tight spreads and competitive prices。
In addition, FxPro is recognized as an innovative broker。The company allows customers to enjoy a wide range of trading platforms such as MetaTrader 4, MetaTrader 5, cTrader and FxPro Edge。Web-based versions and mobile applications are also available so that traders can access financial markets anytime, anywhere。
Traders can choose the platform according to their needs。Traders for MT4 provide instant execution and easy-to-use trading platform。In this account, leverage is as high as 1: 500, with spreads from 1.From 6: 00, no commission。
Traders should opt for an FxPro MT5 account if they want to gain experience with more modern technologies。In this account, the spread from 1.5 start, leverage up to 1: 500, no commission。
Another type of account is FxPro cTrader。Compared to other account types, it is suitable for traders who prioritize execution speed and have the strictest spread limits。FxPro cTrader is a powerful trading platform that provides the best bid and ask prices, orders can be completed in just a few milliseconds。The platform also provides market depth and trade analysis tools, in which the spread is only from 0.From 3 o'clock。However, traders must pay a commission of $45 per $1 million of forex and metals trades (opening and closing positions).。
The main difference between MetaTrader 4, MetaTrader 5 and cTrader is the range of CFD products available。The MT4 platform provides traders with the opportunity to open positions in all 6 asset classes, while MT5 does not support stocks and cTrader does not support stocks and futures。
In addition to the above 3 types of platforms, you can also access FxPro Edge when trading in FxPro。The platform provides customers with a new way to trade the market in the form of spread betting。
Every broker has advantages and disadvantages, and FxPro is no exception。In addition to the advantages explained earlier, FxPro also has a high minimum deposit amount。In addition, FxPro does not offer many types of payment and withdrawal methods。Some types of methods even require the trader to pay a fee。However, it is still important to note that customers can trade forex, stocks, indices, metals and energy in Fxpro with a limited risk account at no additional cost。
Regardless of the pros and cons, FxPro can be one of the best brokers with advanced technology of choice for traders who are ready to trade with funds starting at $500。
8. FXCM
FXCM uses a desk-free (NDD) execution model, where trades are executed directly with liquidity providers, allowing for faster execution and potentially lower transaction costs, benefiting scalpers who rely on fast order execution。
Not surprisingly, the world-class broker also supports scalping, with FXCM awarding leverage of up to 1: 400 and 1.Floating point difference from 3 o'clock。
FXCM (Forex Capital Markets) is the brand name of a retail broker used to trade financial markets, especially the Forex market。The broker was founded in 1999 and was originally based in the United States.。After a series of lawsuits from clients and the settlement of cases by the US regulator (CFTC), FXCM moved from the US to the UK and became a broker authorized and regulated by the Financial Conduct Authority (registration number 217689).。
与FXCM trading is supported by enhanced execution through liquidity provider flow quotes from the FastMatch electronic communications network。
FXCM works with several global banks, financial institutions and other market makers including Barclays Bank, Citadel Securities, Citibank, Deutsche Bank, FASTMATCH, XTX Markets Limited, UBS, Morgan Stanley, Commerzbank and Jefferies Financial Services as their liquidity providers.。
This in turn makesFXCM is able to provide its customers with fast trade execution, competitive spreads, low negative slippage, no re-quotes, no stop / limit limits, and up to 89% of orders executed at the required price or better。
For trading platforms,FXCM is famous for its proprietary product Trading Station。The latest version of the web display for this platform claims to be built with Mac Friendly HTML5。It offers a range of trading devices such as integrated news, economic calendars, FXCM's top trading tools, social trading capabilities through FXCM Cloud, customized trading analysis, automated strategies and advanced charts for better analysis.。To support flexible traders,FXCM also offers a mobile version of Trading Station for iOS and Android users。
However, the company's internal platform is not the only option for customers。For more familiarCustomers of MetaQuote products, FXCM also offers the option of using MetaTrader 4。In addition, ZuluTrade is also available for clients interested in cross-broker replication trading schemes。
FXCM has chosen to offer trading accounts based on trading instruments rather than on minimum deposit classification account types。For FX traders, this broker offers Active Trader and Institutional accounts。
Active Trader is the ultimate account type for retail traders with two levels of pricing。Level 1 requires a minimum deposit of $25,000 and a commission of $30 for 1 million volumes, while Level 2 does not have details of deposit requirements but offers better fee conditions。The difference between the two grades is from 0.Start at 2: 00。
Institutional accounts, also known asFXCM Pro, marketed as a wholesale execution and liquidity solution for retail brokers, hedge funds and emerging market banks。The account offers from 0.1 point trading spread and other competitive benefits such as API solutions as well as prime brokerage services。
For non-forex traders, FXCM offers CFD trading accounts with spread costs as low as 0.37 points (XAU / USD) and offers a variety of asset classes such as precious metals, soft commodities and indices.。
Finally, FXCM also offers a series of in-depth articles to help traders understand and gain insight into the Forex market.。Trading tools such as FXCM Plus, market scanners, trading signals and technical levels are also developed to support traders who open accounts with FXCM。
In summary, FXCM is an experienced retail broker with plenty of "ammunition" to help traders provide the best execution, pricing and tools。It is a well-regulated broker with a long history in the financial markets, although it has a dark history in the US brokerage industry.。
Nevertheless, the relatively high minimum deposit standard ($25,000) makes FXCM a broker for experienced, well-managed traders and is not recommended for new traders with limited funds.。
9. FXOpen
FXOpen focuses on fast trade execution and is designed to execute orders quickly and efficiently, which helps scalpers take advantage of short-term price movements and reduce slippage risk。
FXOpen also offers leverage from 1: 100 to 1: 500 and floating spreads from 0 points, which makes them one of the best scalping brokers。In addition, if you like some form of competition, FXOpen regularly offers trading competitions, and opening an account in FXOpen is very simple and quick。
FXOpen has been operating as an online trading provider for retail customers since 2005.。The company was founded by a group of traders with a mission to provide services in the interests of traders.。FXOpen claims to be one of the first companies to offer ECN trading via MetaTrader 4 (MT4)。With unique proprietary price aggregation technology, customers can benefit from the industry's most competitive spreads (from 0 points) and low trading commissions。
In 2006, FXOpen also became the first broker to offer micro and swap-free accounts.。Since then, they have gone on to become pioneers in a number of high-tech services, including the first crypto account that can offer trading facilities for 24 cryptocurrency pairs such as Bitcoin, Litecoin and Ethereum.。
In addition, the company also provides one-click trading and secondary MT4 plug-ins, allowing traders to trade with just a click of the mouse。Traders don't need to worry about trading security at FXOpen。They are registered with Nevis, FCA UK and ASIC Australia。
Provide STP, Micro, ECN and other trading accounts, as well as free unlimited demo accounts。Minimum deposit per account depends on account type; $1 for micro accounts, $10 for STP and cryptocurrency accounts, and $100 for ECN accounts。FXOpen also offers leverage up to 1: 3 (for cryptocurrency accounts) and up to 1: 500 (for micro, STP and ECN accounts)。
In addition, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.。Both services allow anyone to copy the trades of an experienced trader。Thus, a trader can replicate the results of a professional trader's strategy。
The FXOpen PAMM service allows transactions to be copied from the main account to one or more follower accounts and automatically distributes profits and losses。A professional trader operates personal funds through a PAMM account, his trading strategy is copied into the funds of his followers。The owner of the follower account can view and analyze the performance of the PAMM account with the help of advanced analytics。FXOpen has 3 PAMM accounts, STP, ECN and Crypto PAMM。
On ECN accounts, traders will receive direct quotes from leading liquidity providers, including Dresdner Bank, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Royal Bank of Scotland, Citibank and UBS Group。
After seeing the various advantages offered by FXOpen, traders can easily register an account by simply filling out the form in the registration menu of the FXOpen website。Traders will be required to verify documents in advance if they want to deposit or withdraw funds。According to the trader's experience and information, since the establishment of FXOpen, customers have not had any major complaints about payments (deposits or withdrawals)。
After registering with FXOpen, traders also have the opportunity to receive other benefits, such as the FXOpen cash return program within the first 90 days after new customer registration。Cash back minimum $5, maximum $1,000。
In addition, ECN, STP and crypto account holders can also use free VPS。Traders who can maintain a net worth of $5,000 at the end of the month or reach a monthly trading volume of $10,000,000 can use FXOpen VPS for 1 month free of charge。The advantages of VPS on FXOpen are excellent accessibility, flexibility and speed。
Trading on FXOpen becomes easier because traders can increase their insight into trading by participating in competitions。FXOpen Broker via ForexCup.com website offers weekly and monthly trading competitions on demo accounts, traders can participate in free competitions to hone their skills。If you want a bigger challenge, there are trading competitions on real accounts。
The company also offers a forex partnership program to traders, forex brokers and website owners who post information on fiat and cryptocurrency trading.。There are 3 types of partner levels, including using referral (affiliate) links, Forex rebates, and personal partner conditions to attract new customers to FXOpen's Forex IB (Forex Agent)。
All in all, FXOpen is a comprehensive forex brokerage firm for traders who want to try a variety of trading tools, the trading environment for ECN accounts, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features such as PAMM and mock competitions.。
There is no limit to the types of trading strategies, and brokers welcome all popular trading strategies, whether it is scalping, hedging or using expert advisors。In addition, traders can use up to 1: 3 leverage。
Overall, traders have access to more than 40 cryptocurrency markets where they can test their specific trading strategies to make a decent profit.。It also provides an opportunity for traders to diversify their portfolios by trading 24 / 7 at home or on the move through the FXOpen app.。
10. Orbex
Orbex focuses on fast trade execution, offers competitive spreads on major currency pairs, and offers a variety of trading platforms。Arguably, the broker really supports scalpers because its ECN account is leveraged up to 1: 300 and spreads as low as 0.6。In addition, the broker is regulated by CySEC。
Orbex, owned by Orbex Group Limited and operated by Orbex Global Limited, provides online trading of Forex and CFDs for traders worldwide。It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 124 / 10.。Orbex is also registered with other regulatory bodies under the MiFID Directive, as it is under EU jurisdiction; these include the FCA in the UK and BaFin in Germany。
Orbex is committed to providing customers with the latest innovative services in the forex industry, the company promises to provide traders with aggressive promotions and other special offers。Orbex's vision is to become a global brand, aiming to enhance the trading experience through the best customer service, one-hour response time for sales and support requests, speed and reliability of transactions, deep liquidity from Tier 1 banks, and swap-free accounts。
The broker offers excellent market trading conditions through a variety of trading instruments, such as 50 pairs of currencies and precious metals, futures contracts (OTC), stock indices (OTC), CFDs and other assets such as energy contracts.。According to ESMA's restrictions, Orbex usually provides a maximum leverage of 1: 30。However, it only allows professional traders to use leverage up to 1: 500。
More details on Orbex trading conditions by account type specification are as follows:
Primary Account
- Minimum deposit: $200
Spread: variable, 1.From 7: 00
Commission: None
Execution Type: NDD
Additional services: monthly webinars, trading center, allow scalping, regular training courses, free signals, basic education, allow EA。
Advanced Account
- Minimum deposit: $5,000
Spread: from 0 o'clock
Commission: $8
Execution Type: NDD
Additional features: exclusive webinars and live trading, trading center, allow scalping, one-to-one training courses, quality signals, advanced education, VPS support, allow EA。
Ultimate Account
- Minimum deposit: $25,000
Spread: from 0 o'clock
Commission: $5
Execution Type: NDD
Additional features: exclusive webinars and live trading, trading center, allow scalping, one-to-one meeting, ultimate signal, advanced education, VPS support, allow EA。
Opening an account with Orbex can meet the demand for flexible trading anytime, anywhere, because their MetaTrader 4 supports not only PC screens, but also Android and iOS systems。However, apart from MetaTrader 4, the broker does not offer any alternative trading platforms.。
In addition to traditional bank transfers, account deposits and withdrawals can be made via direct debit / credit cards, Skrill, NETELLER, WebMoney, FasaPay and other digital wallets。No fees are charged for all deposit and withdrawal methods, except for bank withdrawals, as commissions may be charged by intermediate banks and / or beneficiary banks。
Orbex is therefore a competitive broker for all types of traders。It covers beginner conditions in both fixed and entry accounts, while ensuring the needs of experienced traders in premium and ultimate accounts。
However, it is also important to note that Orbex is an offshore company, even though the business is licensed by CySEC, so new traders should maintain a minimum trading balance during their initial experience with Orbex.。
The characteristics that a good scalping broker should have
Forex brokers typically offer trading facilities to their clients based on several specific criteria, which may or may not suit the needs of scalpers。If you are a scalping trader or want to trade through a scalping strategy, there are other things that need your attention besides basic functions like forex demo account and affordable funds。
1.Resale allowed
In practice, frequent repeated opening and closing of positions consumes server resources。So due to limited server capacity, not every broker is allowed to scalp, especially during peak seasons when trading volumes can be busy。Alternatively, you can look for any broker that explicitly allows scalping behavior。
2.Fair market quotation
Due to the nature of scalping, re-quotes and slippage are the worst thing。You must be clear that your broker offers a fair market quote (price list)。Such brokers typically use NDD (non-trading desk) or ECN (electronic communication network) models, with no re-quotes and fairly modest slippage。
3.regulated
No one wants to make a scalping trade with a cheating betting broker who manipulates the trade and depletes the net worth of your account。Conversely, highly regulated brokers will be required to comply with the rules applied by their regulators.。Therefore, scalpers need a regulated broker。
The safest way is to check the regulatory status of the broker, and each jurisdiction has its own regulatory authority, such as:
- US CFTC and NFA
UK FCA
ASIC in Australia, etc.
Just like brokers, some regulators are well received in the industry through quality regulation, while others are considered less popular.。Make sure you understand the regulatory status of the broker and the quality of its guaranteed services。
4.Provides high leverage
Scalping transactions need to be profitable, as each small transaction can be profitable or losing money。In order to increase profit gains, scalpers may take higher risks to improve returns。Therefore, they will use higher leverage。
Even so, high leverage can lead to euphoric streak or self-defeating losses。Always be vigilant whenever you try to adopt any strategy that involves bets that are out of your reach。
5.Low point difference
Spreads are just the cost that each scalper must consider when opening a position, imagine a scalping method that uses multiple or even hundreds of positions at the same time, in which case the total cost may be higher than the potential return。
Having said that, low spreads are mandatory for scalping, please avoid trading illiquid assets (crosses, commodities and futures) or illiquid situations (news trading) due to high floating spreads。To have such trading conditions, make sure you know the forex broker with the lowest spreads on major currencies。
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