Forex Brokers that Allow Scalping: Research and Results

hi,..im new about scalping...as what i ve read,scalping holding a position in just a few second....my question is..isnt it cause us to loose because of the spread?...can somebody explain to me how profit is possible by doing scalping?

Thanks. They look good. Unfortunately they don't have metatrader platform.

Capital Forex - UK based ECN
http://www.capitalforexpro.com/

Thanks Thomas. It's clear now.

Btw, are you using a ECN/STP broker for your trading? Can you recommend me a good ECN/STP broker outside USA? Since NFA is going to adopt new Compliance Rule 2-43(b) which will prevent traders to set stop loss/limit like previously, I am looking for a good ECN/STP outside USA.

I assume it is 10$ per 100k roundturn.
Then you've got a fee equal exactly 1 pip.

The math is simple:
Market maker EURUSD, say - 2 pips fixed
versus ECN, say - 0.5 pips + 1 pip commission = 1.5 pips (keep in mind that spreads with ECN will vary)

Thomas

Oh, my question was not for Edward alone. Other friends are welcomed to comment too. Thanks.

Hi Edward,

I heard many people say the most reliable brokers are STP and ECN types brokers. However, they always come with commission fee (otherwise from where they will earn money?). The question is if we do scalping, we make many small trades a day. Meaning there will be lots of commission fees per day. Is it still profitable for us to do scalping trades after the commission? Please advise your opinions and suggestions how to solve this problem because I am on process to open an account with an ECN broker with $10 commission fee, but I am worry my trades will not be profitable anymore after commission.

Hi Sasa,

I have no personal experience with thinkorswim broker. I can only say that they are market makers. Also their spreads are a bit higher than average, so to speak.
I'm trading with OANDA, but I also use other charting software (MT4) to guide my trades. I can't say, they are the best, it just happened that I stuck with them :). By the way, OANDA is a market maker too.

If you are on the move with your broker, I'd recommend reviewing STP and ECN brokers first. This is the best listing of all NDD brokers I came across:
https://www.brokersome.com/forex-brokers/ecn

Hope this helps.

Best regards,
Edward

Hi Edward an all,
Thanks for your really helpful web page.
Now I was trading options only and have account with a Thinkorswim. When researching on the brokers review (Forex peace army) I have come across a lot of comets with a experiance that forex broker do slippage and requoting very often to take advantage of their dealing desk position nad often do not trigger your stop loss orders and limits.
I have opened forex account with Thinkorswim and experience the same stop was 160.53, price went down to 160.25 and then when it reached 160.36 again I was filled. There are a lot of complaints about difficult withdrawals as well.
Please let me know what is your experience and can you recommend good broker so I can trade without thinking about this kind of problems.
Best regards.
Sasa

Nothing. Review their client agreement for the scalping policy. Otherwise ask them to clarify what they mean by scalping and kindly ask for explanations as to why they considered you a scalper.

moneyforex does not allow scalping they close my account for violation of scalping what can i do
my email [email protected] if any one can help

FXDD allows scalping. What's the point of further discussion? Can we hear an official reply from a representative? i guess that's what Thomas meant.

Maybe you could add FXDD to the list? They allow scalping also.

Do you mean adding FXDD to the first page list?
In the comments we've concluded that FXDD allows scalping.
If you are by any chance a FXDD representative, we'd be glad if you confirm about scalping for us.

what about fxdd. why dont you add