Forex Brokers for Scalping

Compare Forex brokers that actively scalping. Find a Forex trading account that meets your trading preferences whether that's on MT4, cAlgo or JForex.

#1
LiteForex
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83% of retail CFD accounts lose money

LiteForex (LiteForex.com) is an international ECN Forex broker. Trade a wide range of markets on Metatrader 4 or 5. LiteForex accepts a wide range of deposit methods, including Bitcoin, Monero and other cryptos.

  • Markets: Forex (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
  • Regulators: E.U.
  • Incorporated: 2005

$50
deposit

1:500
leverage

Market
execution

Trade Forex and CFDs on over 10,000 stocks, indices, commodities and currency pairs when you open an IRESS account with FP Markets. FP Markets also supports MetaTrader 4 and 5.

  • Markets: Forex (CFD), Cryptos (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Australia, E.U.
  • Incorporated: 2005

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

#3
FXPRIMUS
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68.02% of retail CFD accounts lose money

FXPRIMUS (FXPrimus.com) is a regulated ECN broker with exposure to Forex and a wide range of asset classes. It prides itself in creating a safe and secure trading environment

  • Markets: Forex (CFD), Cryptos (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  • Platforms: MetaTrader 4, Copy trading, Mirror trading
  • Regulators: E.U., South Africa, Vanuatu
  • Incorporated: 2009

$500
deposit

1:30
leverage

Market
execution

$500
deposit

1:1000
leverage

Market
execution

Trade Forex, cryptocurrencies as well as CFDs on stocks, indices and commodities with an STP/ECN broker. EagleFX (EagleFX.com) supports all trading styles and Expert Advisors on MetaTrader 4.

  • Markets: Forex (CFD), Cryptos (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  • Platforms: MetaTrader 4
  • Regulators: None
  • Incorporated: NA

$10
deposit

1:500
leverage

Instant
execution

$10
deposit

1:500
leverage

Market
execution

If you're keen to engage in scalping, your broker should support all of the following:

  • 1-click market orders
  • Automated trading
  • Option to pre-set stops/limits
  • Depth of market (DOM) information

The Forex trading accounts featured in the comparison table on this page tick all these boxes. Use the search filters on the right-hand-side of the page to find an account that matches your preferences.

Depth of market

Depth of market (DOM) shows pending buy and sell orders for a currency pair at different prices. The greater the number of orders, the greater the market depth and liquidity.

The balance between buy and sell orders provides scalpers with unique insights into the most likely short term direction of change in prices. More liquidity in the bid suggests a long position may be in your interest. Likewise, a surge in liquidity available on the ask suggests the market may have a short bias.

However, depth of market information is only available from ECN Forex brokers. Neither Market Makers nor brokers with Straight Through Processing (STP) execution are able to show DOM.

Speed of execution

Speed of execution is everything when you engage in scalping.

Your broker's platform should support 1-click execution and trading from the charts. In addition, you could also consider automated trading strategies to monitor the market when you're away, protect your positions or realize profits from small changes in market prices.

Automated trading is available on range of platforms including MT4, cAlgo and other platforms. However, platform support is not enough by itself. Your broker should explicitly support all Expert Advisors in the case of MetaTrader 4 and automated trading robots in the case of cAlgo and JForex.

Set stops and limits before entry

Stop and limit orders can help mitigate risks and realize profits for small changes in market prices. Your trading platform's implementation of stop and limit could make a world of difference to your take-home profit.

First, a refresher for beginners:

  • A stop order, also known as a stop-loss order, is a conditional order to close a position once a certain price is reached. A stop order helps protect against unfavourable movements in market prices and is designed to cap your losses.
  • A limit order, also known as a take-profit order, works in reverse to a stop order. It is a conditional order to close a position once a certain price is reached. However, a limit ordered is triggered when prices move in your favour. It is designed to realize the profit on your position.

However, setting stop and limit orders can be tedious and time consuming. Ideally, your trading platform should allow you to set your stop and limit prices at the very same time you enter the market. You achieve this through robots on MT4, cTrader/cAlgo and other platforms.


FP Markets

Standard ECN Account [MT4]

Trade over 50 pairs of currencies as well as CFDs on metals, indices and commodities through MT4 ... More

  • $100 deposit
  • 1:500 leverage ?
  • 1.19 pips EUR/USD

AvaTrade

AvaTrade Account [BVI]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.9 pips EUR/USD
79% of retail CFD accounts lose money

FP Markets

Standard ECN Account [MT5]

Trade over 50 pairs of currencies as well as CFDs on metals, indices and commodities through MT5 ... More

  • $100 deposit
  • 1:500 leverage ?
  • 1.19 pips EUR/USD

AvaTrade

Professional Account [EU]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.6 pips EUR/USD
79% of retail CFD accounts lose money