Forex Brokers that Allow Scalping: Research and Results
Submitted by User on June 5, 2007 - 13:56.
The topic of Forex Brokers allowing scalping is always actual and sensitive.
I was looking for answers in various forums, tried searching with keywords in search engines, tried reading policies and FAQs on the websites of different Forex brokers...
It seemed like I had only guesses, but nothing solid to rely on.
And then I came up with a simple solution - sending customer support inquiries to the different Forex brokers...
My question to all of them was the same:
“Do you allow scalping? By scalping I mean holding a position for less than 1 minute.”
That’s it.
Today, I’d like to share with you what my research has revealed.
So, brokers allowing or not allowing scalping...
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Hi Kris,
Thank you for your feedback.
From my understanding of scalping, it is not how many pips you make or what type of order you use, but rather how much time passes between opening and closing a trade.
Brokers that monitor or don't allow scalping activity at all would review clients' trading if those trade frequently with most of the trades lasting under a minute or so - that's the trigger.
I don't have any trading experience with CMS FX. Hopefully, we'll hear form other traders.
Best regards,
Edward
I use Forexwatchers.com and I scalp with them holding my positions less than 1 minute. I also have won their forex individual scalping competitions several times.
- microfx
Hi Edward,
Thank you for your reply. Ok, so if the case is as follows: I set a limit profit for 5 pips, and it hit my limit under a minute, will it still be considered as scalping?
During this past 2 weeks I trade with limits, some of them hit the limit under 1 minute, some of them more than a minute, and the broker got no problem with what I've been doing. I trade with CMS, by the way.
Best regards,
Kris.
Thank you for your feedback on this broker, Kris.
Regards,
Edward
Great Information here!
Any scalping information from FXDD?
I would also like to know about fxdd
Fxdd claims to have no restrictions on scalping. Everything else you need to test.
Cheers,
Thomas
can u scalp on etoro,liteforex, metatrader?is it allowed?
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