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...


Read entire post >>>


 


Hello, do you know if:

“Do you allow scalping? By scalping I mean holding a position for less than 1 minute.”

BROKER: PIRM4X and EXNESS ???

Hi,

I have got the info about eToro allowing scalping.
So it is worth trying.
http://www.etoro.com/

"I love eToro! By far the best broker I traded with, tight spreads, and they allow scalping. I am trading a 5k account at $10 / pip started with $300. Too bad I joined eToro before they offered the $500 bonus."

Good article. Also, check out
http://www.ava-metatrader-trading.com -
a MT4 broker from the ava-fx group.

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.

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++

Does anyone know something about scalping in FXGM?

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)

Check out a new Australian broker called - Vantage FX
Very good customer service and great spreads

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

can i know anyone of the broker a low enough spread to favour scalping. thanks.

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

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

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

Oops, wrong person, thanks Thomas Andreas. hahaha

I like #10's reply. lol Thanks Edward.


 

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