- What is Forex?
- How to profit trading Forex
- Forex trading strategies
- Range-bound Trading
- Money Management & Exit Strategies
- Forex Scalping
- Forex systems with MT4 custom indicators
- Systems in development
- Trading methods & ideas
- Create own Forex system
- Forex Trading Tips
- Forex Polls - results
- FSR Forex Forum
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 very hot.
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 >>>
How about FINEXO? FOREXWEBTRADER? Did you have any experience in these brokers?
Finexo doesn't allow scalping and so does ForexWebTrader, since ForexWebTrader is an IB for Finexo.
Thomas
I traded with the Easy-Forex platform. There it is necessary to stay at least two minutes on the trade
I like #10's reply. lol Thanks Edward.
Oops, wrong person, thanks Thomas Andreas. hahaha
Should I be concerned with a broker trying to stop hunt me. Ive just became familiar with the term "no dealing desk broker". So I called my broker Forex.com and asked them if they were a no dealing desk broker and he responded that every broker has a dealing desk. He went on to say that they have thousands of clients and they trade in favor of the majority. Then I explained to him my concerns about stop hunting and he said that would be impossible for them to do that because they are regulated by the government blah blah blah blah... Im not sure what to think about this. Forex trading is hard enough even without your broker trading against you.. Is this a real concern, or am I just paranoid
I want to add to my comment above. I got a call from my broker today and I asked him if they make money if I lose. His answer was "not necessarily". He explained that the reason they bid against you when you make a trade is to gaurentee the trade will go threw at that certain price. This is really starting to bother me. If anyone has any advise, I sure would appreciate it. thank you
Post new comment