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...
Read entire post >>>
Hello everybody! I've got some very fresh experience with E*TRADE SPREADBETTING and would like to share it with those who has any illusions regarding this company. I'd been successfully trading on news within the tight timeframes usually of 2-10 minutes(so I suppose it's even worse for market maker broker then common scalping strategy as I used to take 20-30 pips per trade in 70% of cases) trading with big or maximum stakes. However, soon I have fount that the honeymoon is over.
Yes, you can trade untill they notice you - in my case it was about two weeks. Then I've been put on the dealer refferal and the nightmare has began: I was not allowed to close profitable positions until it turn into losses, my stop losses orders were not executed with no reason (no market gaps)- it was closed only when phoned the dealer line and almost shout at them, etc.
GUYS, THEY WILL NEVER EVER ALLOW YOU TO BE SUCCESSFUL WITH YOUR SHORT TERM TRADING STRATEGY!
It is definetely breaking the FSA regulations and I'm not going to leave them in piece, though would appreciate if you will share your story on fighting with broker through the FSA. By the way I am also looking for the UK broker suitable for the short term news trading (where the spreads either fixed or have small variability) and would be glad if you suggest the good one.
Thanks for your usefull information. But do you asked Alpari Broker if they allow scalping?
Does anyone know about citifxpro? Has anyone had any dealings with them?
I personally hadn't, but I saw both Alpari and Citi allow scalping.
Adi
I am not surprised by FXCM not responding promptly to emails. Other times, they replied with a standard reply regarding opening an account. Their customer service via emails is unimpressive. I prefer brokers with an outstanding helpful service.
I want to know if Fxpro allow scalping.
yes, they do.
Thomas
Beware - iTrade Capital Markets Ltd ("ICM")
Is a tricky, risky, problematic broker, they took from my account USD 3000 without any warning, because they play against you in the market, so if you earn to much money they will close you account.
They accuse me that I was using some estrange and super advanced software that is not an EA and kick me out taking for them the money I earn in the market.
They are a bull shit broker and it is not serious one
BEWARE the data you see in the demo count is not real, when you go to the real account the prices are different.
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