Forex Brokers for Scalping
If you prefer using scalping as your primary trading strategy, you will need to find a broker that does not mind when hundreds of positions are closed with near-zero profit or loss. Best scalping Forex brokers offer an opportunity to hold positions for mere seconds and use tight stop-loss orders on them. Some of the listed brokers, while allowing scalping in general, impose some restrictions on scalpers in form of additional commission, spreads or trade number limits. You will find 172 brokers listed in the table below.
There are following reasons to select one of the brokers that allow scalping:
- You plan to trade very frequently, not necessarily to scalp for few seconds' profit. Perhaps, you just need to open many positions across multiple currency pairs.
- You want to be able to open and close positions fast and with minimum slippage.
- Some of these Forex brokers offer trading from tick charts, which can be useful for any strategy.
- The expert advisor you are using may try opening several positions during a short period of time. It will have a higher chance for success with a scalping-friendly broker.