Best 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.
- FP Markets Best FX Broker Australia 2021...
- Equiti Most Innovative Broker 2021 -...
- ForexMart Best Trading Conditions 2020 ...
FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 1,000 stocks, indices, commodities and currency pairs through MetaTrader 4 or 5. FP Markets supports all trading styles and EAs.
Trade CFDs on 400+ instruments on leverage up to 1:500. Get superior execution through its network of 35+ liquidity providers. Equiti.com accepts all trading styles, without restrictions.
Trade CFDs on Forex, shares and precious metals on competitive spreads through ForexMart, an international ECN broker. ForexMart supports all trading styles, including scalping, through MetaTrader 4.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, Copy trading
- Regulators: Saint Vincent and the Grenadines
Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time.
Our reviews are unbiased and reflect our own experience of trading through these brokers.
Here For You
Compare trading accounts and find the best one for you, based on your preferences.
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.
Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on low spreads with ... MoreTrade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on low spreads with leverage up to 1:500. Equiti allows all trading styles on MT5. Get ECN execution with Tier 1 liquidity.
Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and ... MoreTrade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities from 0 pips plus commission, over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds, with this ECN account.
Razor Account [cTrader, TradingView]
Trade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a ... MoreTrade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a commission. Trade CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads. Pepperstone allows all trading strategies on cTrader. This account is popular with scalpers.
- $200 deposit
- 1:30 leverage
- 0.17 pips EUR/USD
- Regulators: Australia, Bahamas, Cyprus (EU) , Germany, Kenya, UAE , UK