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
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Broker 1
Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. F************ is a true ECN broker and accepts all trading styles without restrictions.
Broker 2
F******* 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.
Broker 3
Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through L**************. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your account's balance.
Broker 1
Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. F************ 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, cTrader or TradingView 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.
Enjoy low spreads and reliable trading conditions at all times with this award-winning broker. Open a Standard account to trade without commission, or a Raw account if you prefer to trade on raw spreads.
Access over 1,000 markets through MT4, MT5, cTrader and more recently TradingView. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros, Aussie dollars and other currencies. 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. Get access to trading signals from Trading Signal and Autochartist as soon as you fund your account. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.
Read reviewBroker 2
F******* 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
- MetaTrader 4 is the only available trading platform.
- Withdrawal fees apply across some, but not all, funding methods.
We particularly like F***'s high leverage (up to 1:500) available across all currency pairs, gold, silver, stock indices and energy products. Negative balance protection is available at all times.
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.
As this broker 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, you should be aware that a $5 mark-up per lot will apply if you open an account through us.
Read reviewBroker 3
Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through L**************. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your account's 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.
We've trade through L**********'s ECN account for over 4 years on raw spreads plus a commission of $5 per lot, per side. We like that it places no restrictions at all on our use of automated trading strategies.
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 somewhat high, especially card withdrawals.
L********** publishes a lot of educational content in the form of webinars and articles on its blog, often with a focus on technical analysis. Their commentary could spark new trade ideas. However, you might find yourself lost if you are new to trading.
Read reviewHere 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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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.