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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...


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Hi Eric,

See if you like Oanda demo.

Oanda offers simpler trading platform - good for starters. Oanda demo account never expires, you may practice as long as you need to. Oanda offers low spreads.

Regards,
Edward

I just opened up a acct w/ FXCM a week ago and I do scalp and make money but the market has to be on the move without a stall or I can end up waiting an hour for my payload to come in! The problem I run up against is that doggone pip spread that seems to always go from 3-5 in the majors when I scalp. It's a pain in my neck to overcome it! I am getting ready to open up a new account with EFX since reading so many great experiences about them but the clencher was how Jason (an EFX rep) always answers questions in detail on the no dealing desk forum! He really sounds like a stand up guy and I already trust him w/o even having an acct there (yet).
I ran their demo unit up against my FXCM unit in live trading and EFX spreads ran 1.5-2 pips many times while FXCM was running 3-5! Big difference and for a scalper it can make or break your trading career for sure. EFX does charge a modest $5 per 100,000 standard contract , not sure about minis though. And they open accounts w/ $400 so I look forward to getting started with them asap! ( ; Take care! ~Bruce ... see my new blog at ... http://texastrades.blogspot.com/

Edward, Alex, et all:
What Forex broker(s) do you personally use?

Thanks,
Jeff

Edward trades at Oanda.

Thanks for this post very helpful, please do you send mail to marketiva, that is the forex broker i have live account with.if you did what is there response if not please do. Again I wish you let us know those brokers that are reliable and good to trade with.
Ola
Nigeria

pls find out if aipari uk allow scalping

Ok, here is the reply from Marketiva received today.

"Thank you for contacting our team and for your interest in Marketiva.

The maximum number of short-term positions (shorter than 5 minutes) a trader can have in a 4-hour period is 10. If a trader closes more than 50 short-term positions or more than 200 total positions in 7 consecutive days, the trader's account will be temporarily prevented from sending new orders into the market.
Please note that these limitations refer to aggregate number of positions on both live and virtual trading desks. This policy has been introduced to limit the excessive number of short-term positions a trader can execute and to limit the overall number of positions in order to better control the load on our servers."

Thomas Andreas

(Alpari is next.)

Here is the answer from Alpari UK.

"We do not have any restrictions on scalping.
There are absolutely no restrictions or limitations regarding how long you hold a trade for. You are welcome to hold your position as long as you like. This is, and has always been, the policy at Alpari UK."

Regards,
Thomas

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