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


3.9 / 5 LiteFinance
83% of retail CFD accounts lose money

Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.


4.0 / 5 FXCC

FXCC.com 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.


4.1 / 5 RoboForex
58.42% of retail CFD accounts lose money

RoboForex.com is an offshore broker based in and regulated in Belize. Access over 12,000 instruments, including real equities and CFDs on Forex, crypto and oil, from a single platform. We were able to start trading in minutes, without ID verification.


Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
LiteFinance 3.9 4.0 4.4 4.2 2.0 4.7
FXCC 4.0 4.0 4.2 4.4 3.8 3.8
RoboForex 4.1 5.0 4.5 3.9 3.2 3.8
Forex (CFD)Cryptos (CFD)*Indices (CFD)Metals (CFD)Energy (CFD)Stocks (CFD)ETFs (CFD)Commodities (CFD)
LiteFinance 576315531355
FXCC 7181262
RoboForex 40331020484001000100
MT4MT5Copy tradingcTrader
LiteFinance
FXCC
RoboForex
Bank transferDebit cardCredit cardBTC (Bitcoin)USDT (Tether)NETELLER *Skrill *
LiteFinance
FXCC
RoboForex
BelizeCyprus (EU)NevisSt. Vincent & the Grenadines
LiteFinance
FXCC
RoboForex

* 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.



3.9 / 5 LiteFinance
83% of retail CFD accounts lose money

Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.

  • 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.


4.0 / 5 FXCC

FXCC.com 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.


4.1 / 5 RoboForex
58.42% of retail CFD accounts lose money

RoboForex.com is an offshore broker based in and regulated in Belize. Access over 12,000 instruments, including real equities and CFDs on Forex, crypto and oil, from a single platform. We were able to start trading in minutes, without ID verification.

  • Likes
  • Access 12,000 instruments, including real stocks.
  • Start trading in minutes without ID verification.
  • Enjoy negative balance protection.
  • Dislikes
  • RoboForex is only regulated in Belize.
  • Withdrawal fees across most funding methods.
Our take on RoboForex

RoboForex is an offshore broker you should consider, if you're looking for high leverage (up to 1:2000) across a wide range of asset classes.

We were able to open an account and start trading in under 5 minutes, as RoboForex postpones account verification until you raise a withdrawal request. It's free to fund your account, but pay attention to withdrawal fees across most withdrawal methods.

RoboForex accepts all trading styles and EAs on the MetaTrader 4 and 5 platforms. Its trading fees are on par with its competition, and swap fees generally lower. You may also qualify for a complimentary VPS if you trade at least 3 lots per month.

We particularly like its R StocksTrader platform, which allows you to invest in over 12,000 "real" stocks, in addition to CFDs across all other asset classes. If you're a buy-and-hold investor with an interest in stocks, this platform is one you should consider.

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 Stefan, 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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