Best Forex Brokers for Scalping

The following brokers support all trading styles, including scalping on MT4, MT5 or cTrader. Open an account in minutes.

Brokers we recommend


4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FP Markets is a true ECN broker and accepts all trading styles without restrictions.

FP Markets is available in Indonesia

4.0 / 5 FXCC

FXCC is a regulated offshore broker with an ECN trading environment. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and EAs.

FXCC is available in Indonesia

4.7 / 5 Pepperstone

Pepperstone is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles.

Pepperstone is available in Indonesia
74-89% of retail CFD accounts lose money

Other brokers:

Comparison table

Here's how and why rated these brokers, or learn more about our impartial 18-point methodology.

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
FP Markets 4.8 5.0 4.8 5.0 4.0 5.0
FXCC 4.0 4.0 4.2 4.4 3.8 3.8
Pepperstone 4.7 5.0 4.8 4.4 4.8 4.7
LiteFinance 4.1 4.0 4.4 4.2 3.2 4.7
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)ETFs (CFD)Bonds (CFD)
FP Markets 72121000161745462
FXCC 7181262
Pepperstone 96209572312416112
LiteFinance 576613115535
MT4MT5cTraderCopy tradingTradingView
FP Markets
FXCC
Pepperstone
LiteFinance
Bank transferBroker to broker transferDebit cardCredit cardBTC (Bitcoin)USDT (Tether)NETELLER *Skrill *
FP Markets
FXCC
Pepperstone
LiteFinance
AustraliaBahamasCyprus (EU)NevisSouth AfricaSt. Vincent & the GrenadinesUAEUK
FP Markets
FXCC
Pepperstone
LiteFinance

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FP Markets is a true ECN broker and accepts all trading styles without restrictions.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5 or cTrader without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No TradingView integration is available for now.
  • No investor compensation fund in the event of bankruptcy.
Our take on FP Markets

We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.

We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. You can also go long or short on stocks and government bonds through over 40 ETFs.

Its free educational content also sets it apart from the competition. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.


4.0 / 5 FXCC

FXCC is a regulated offshore broker with an ECN trading environment. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and EAs.

  • Likes
  • 100% bonus on your 1st deposit (up to US$2,000).
  • Flexible leverage up to 1:500.
  • All MT4 Expert Advisors are allowed.
  • No fees on deposits.
  • No minimum deposit.
  • Dislikes
  • FXCC only supports MetaTrader 4.
  • Withdrawal fees apply across some, but not all, funding methods.
Our take on FXCC

We particularly like FXCC's high leverage (up to 1:500) available across all currency pairs, gold, silver, stock indices and energy products. It offers negative balance protection, for added peace of mind.

Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage. It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions. We look forward to the day when FXCC will support MT5.

As FXCC offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. Its ECN XL account has no commission. However, FXCC will apply a $5 mark-up per lot, per side, if you open an account through us.


4.7 / 5 Pepperstone

Pepperstone is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles.

74-89% of retail CFD accounts lose money
  • Likes
  • Trade over 1,200 instruments across many asset classes.
  • Trade on MT4/5, cTrader or even TradingView.
  • All trading styles and EAs are allowed.
  • Wide range of currencies for your trading account.
  • Excellent customer service.
  • Dislikes
  • You cannot choose which Pepperstone entity to open an account with. For example, you will need to open an account with Pepperstone's FCA-regulated entity if you live in the UK.
Our take on Pepperstone

We particularly enjoy Pepperstone's integration with TradingView, which makes it possible to open and close positions directly from the charts. This in addition to its support for the popular MetaTrader 4, 5 and cTrader platforms.

Fees are a big factor for any trader. And Pepperstone's competitive spreads and commissions are a significant plus point for us. Its Standard account with low and variable spreads will appeal to all traders. And its Raw account is designed for Forex day traders and scalpers.

Deposits and withdrawals are easy and hassle-free, which is exactly what we look for in a broker. Whenever we've reached out to customer service, we've found their agents to be responsive and attentive.


4.1 / 5 LiteFinance

Trade CFDs on a wide range of markets on M4/5, with leverage up to 1:1,000 through LiteFinance.com. LiteFinance accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.

83% of retail CFD accounts lose money
  • Likes
  • All trading strategies are allowed.
  • Get free daily technical and fundamental analysis.
  • Receive up to 2.5% interest on used funds.
  • Copy trading accounts are also available.
  • Dislikes
  • Withdrawals fees are somewhat high, especially card withdrawals.
Our take on LiteFinance

We have been trading through LiteFinance's ECN account for over 3 years on raw spreads plus a commission of $5 per lot, per side, and we enjoy its unrestricted trading environment.

Their customer service team is responsive, even on weekends. Our withdrawals have always been processed as quickly as possible. However, their withdrawal fees are a bit high, especially card withdrawals.

LiteFinance publishes a lot of educational content in the form of webinars and articles on its blog, often focused on technical analysis. However, you might find yourself lost if you are new to trading.

Here are 4 criteria to keep top-of-mind if you're on the lookout for a broker that allows scalping.

Depth of market information

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 prices. More liquidity in the bid suggests a long position may be in your interest. Conversely, 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 information. In addition, your broker should also support MetaTrader 5 or cTrader, as DOM information isn't available on the MetaTrader 4 platform.

Execution speeds

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 realise profits from small changes in market prices.

Automated trading is available on range of platforms including MetaTrader 4 and 5, and cAlgo. However, platform support is not enough by itself. Your broker should explicitly support all Expert Advisors in the case of MetaTrader and automated trading robots in the case of cAlgo. This is the case for all brokers featured in this article.

Set stops and limits before entry

Stop and limit orders can help mitigate risks and realise 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 realise 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 MT4/5, cTrader/cAlgo and other platforms.

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Author

About the author

I'm St├ęphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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