Forex Brokers that Allow Scalping: Research and Results
Submitted by Edward Revy 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...
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Hi Edward,
Have you asked IG Markets? Do they allow scalping? Anyone has feedback on this broker in terms of reliability, honesty, etc?
Thanks.
IG Markets Ltd Client Services replied today:
Thank you for your email, please note that scalping is not a trading strategy that we allow.
what about GCI? Do they allow?
I asked GCI in live chat, they said they do not allow scalping...
I asked FOREXYARD in live chat. They said they do NOT allow scalping. Minimum holding time is 5 mins!!!!
Thank you for adding a comment on Forexyard.
Well, if it is so, too bad for them, 5 min limit is quite discouraging.
Is there any broker like Admiral Market?
How does it relate to scalping?
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