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.

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Best brokers

  1. FXCC Best Forex Trading Account 2017 - UK FOREX Awards
  2. LiteFinance Best ECN Broker Africa 2020
  3. RoboForex Best Mobile Trading App 2022, Global Forex Awards - B2B
  4. EagleFX Best ECN/STP Broker 2020

Broker reviews

Trade CFDs across Forex, crypto, oil and indices with leverage up to 1:500. FXCC accepts all trading styles and Expert Advisors on MT4. There are no conflicts of interest, as FXCC.com doesn't trade against you.

  • Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4
  • Regulators: Cyprus (EU), Nevis

$0
deposit

1:500
leverage ?

Market
execution

LiteFinance (LiteFinance.com), formerly LiteForex, is a global ECN broker. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:1,000. LiteFinance accepts all EAs and trading styles, including scalping and news trading.

  • Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
  • Regulators: Cyprus (EU), Saint Vincent and the Grenadines

$50
deposit

1:500
leverage

Market
execution

RoboForex is an international broker headquartered and regulated in Belize. Access over 12,000 instruments, including real stocks and CFDs on Forex, crypto-currencies and oil, from a single platform.

  • Risk warning: 58.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
  • Regulators: Belize

$10
deposit

1:500
leverage

Market
execution

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

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4
  • Regulators: Dominica

$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.

Featured Brokers

FxPro

MT5 Floating - Market Execution

Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. ... More

  • $500 deposit
  • 1:200 leverage
  • 1.51 pips EUR/USD
  • Regulators: Bahamas, Cyprus (EU), South Africa, UK
Risk warning: 84.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.

Capital.com

Standard Account

Trade CFDs on thousands of markets across Forex, crypto-currencies, stocks, indices and commodities... More

  • $20 deposit
  • 1:100 leverage
  • pips EUR/USD
  • Regulators: Australia, Belarus, Cyprus (EU), Saint Vincent and the Grenadines, Seychelles, UK
Risk warning: CFD trading is a risky activity and can bring not only profit but also losses. The size of the potential loss is limited to the size of the deposit. Past profits do not guarantee future profits.

4XC

Standard Account

Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC ... More

  • $10 (MT4), $ 100 (MT5) deposit
  • 1:500 leverage
  • 1.4 pips EUR/USD
  • Regulators: Cook Islands
Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.