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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 >>>
As investor, you have a healthy concern, because it is important to know who is taking your trades and why they are interested to offer you an opportunity to speculate in the currency market.
The best explanation about different broker types is given here:
Dealing desk vs no-dealing desk brokers,
so I would just briefly say that when you trade with a market maker, they take the opposite side of your trade, and when you win, they lose, unless they have already learned that you're a good trader, then they will hedge the risks related to your trades.
But everyone starts with a clean record when opening an account, so it is appropriate to make a statement, which is true for all dealing desk brokers: when you win, a broker loses and when you lose a broker will profit, because a market maker is a counter-party to all your trades.
If you trade with no-dealing desk broker, there is no conflict of interest: when you win, they don't lose and when you lose they don't benefit.
Best regards and happy holidays!
Edward
can i know anyone of the broker a low enough spread to favour scalping. thanks.
Fascinating website: I forgot my pairs while reading the lot from start to finish. But why is it so difficult to copy pieces of the comments? Olof
Check out a new Australian broker called - Vantage FX
Very good customer service and great spreads
thank you for the feedback, Olof
Quoting of large amounts of texts as well as copy/pasting is prevented due to many instances of unauthorized extensive copying of the content.
Thomas
(mod)
Does anyone know something about scalping in FXGM?
My broker of choice is MB Trading.. They don’t mess with your orders at all; fills are fast; they could care less if you scalp or hold overnight.. A++
Hi there,
I am trading with GCI.
They allow you to use one of two platforms. One is their own trading platform in which, after trading for 3 or 4 days (scalping is my preferred trading method), they put me through a manual deal desk with ridiculous requotes - 10 to 15 pips wider!! Based on that I lost quite a bit of money.
I am still with them, they allow scalping on an MT4 platform but their spreads are between 4 and 7 pips and their prices are always 2 or 3 pips higher or lower, depending on the way you're trading. Needless to say that I will leave them once I recoup my losses.
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