FREE FOREX STRATEGIES

Forex Brokers that Allow Scalping: Research and Results


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 for scalping...
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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How does it relate to scalping?

Is there any broker like Admiral Market?

Thank you for adding a comment on Forexyard.
Well, if it is so, too bad for them, 5 min limit is quite discouraging.

I asked FOREXYARD in live chat. They said they do NOT allow scalping. Minimum holding time is 5 mins!!!!

I asked GCI in live chat, they said they do not allow scalping...

what about GCI? Do they allow?

IG Markets Ltd Client Services replied today:

Thank you for your email, please note that scalping is not a trading strategy that we allow.

Hi Edward,
Have you asked IG Markets? Do they allow scalping? Anyone has feedback on this broker in terms of reliability, honesty, etc?
Thanks.

GFT gives you slippage all the time. It is almost like a "bait and switch". You get their quote but they don't honor it when you take it.

It's the first time I hear about such 5 pips rule...
Could you please name any broker who would have such policies?

Most brokers seems to allow scalping in under 1 minutes. But some of them might not allow pips closing less than 5 pips.

thank -you for your efforts!!(learning to think smart!)

i've found that almost all customer service people say yes, they allow scalping. but they are not the dealing desk. the customer service and sales people usually say "yes" to everything, since forex is an unregulated market and there is hot competition for accounts.

the problem brokers have is positions held open for less than a minute - because they cannot properly hedge themselves; not enough time supposedly. they particularly will not allow automated systems to scalp due to the high volumes involved.

what you will find is that if a broker does allow scalping in a fast market, they will requote you. i've found that, in a news trade, one can often profit by immediately accepting whatever the broker requotes. if you wait to look at the requote, you've lost the trade. you just have to push the button as fast as possible and hope for the best.

Yes, everyone is very welcome to post their comments on brokers' platforms. Please also explain in few simple words why you give the preference to a certain trading platform. Comments on scalping experience are also in great demand.

Edward.

Daniel,

Unfortunately, I cannot make a statement since I haven't tested even 30% of the platforms...
I'm very sorry. May be our users could add suggestions on the subject.

Thanks
Thomas Andreas


 

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