What is Scalping?

Outlined as a type of speculation, scalping includes exceptionally short transactions that last from a couple of seconds to several minutes.

To profit from scalping, one needs to base his/her strategy on carrying out and closing a huge number of transactions with a tiny gain, typically not surpassing a few pips.

To make scalping effective, there are several prerequisites: high financial leverage, fairly large capital, FX brokers with low fees, and advanced knowledge of technical analysis.

The Most Appropriate Forex Brokers for Scalping

To start with, the most proper FX brokers for scalping necessitate having high transaction reliability, negligible trading cost, and lack of requotes.

Other vital factors are high leverage levels and the nature of the broker. Reasonable choices are STP or ECN brokers (the so-called NDD brokers), but MM brokers may impede or prohibit scalping.

Look for the following criteria when choosing a brokerage for scalping:

  • Brokers that permit scalping;
  • Brokers having a spread which is less than or equal to 1 pip on the pair EUR/USD with a commission OR a spread which is less than or equal to 1.5 pips on the pair EUR/USD without any commissions.
  • NDD account types – STP or ECN.

The list below encompasses the selected brokerages that are most suitable for scalping.

BrokerDeposit Bonus No Deposit BonusMin. Deposit TypeLeverageDemo ContestsOpen Account
OctaFXUp to 50%$50Forex, MetalsUp to 500:1YesVisit Review
ExnessUp to 50 %$1Forex, MetalsUp to 2000:1YesVisit Review
ORBEXReferal$500Forex, Precious Metals, Energies, Soft Commodities, Cash IndicesUp to 500:1YesVisit Review
PepperstoneNo$200Forex, Index CFDs, Precious Metals, Energy, BitcoinUp to 500:1YesVisit Review
QuestradeeSignals$1,000Forex, CFDs, ETFsUp to 33:1YesVisit Review
RoboForexUp to $30$30NoForex, Metals, CFDsUp to 1,000:1YesVisit Review
IFC MarketsAnnual Interest Rate$1Forex, Metals, Stock CFDs, Index CFDs, Commodities, Futures, ETFsUp to 400:1YesVisit Review
Forex4you5-25%Forex, Stocks, Commodities, CFDs, Indices1,000:1YesVisit Review
Forex Time FXTMFXTM Cashback5 CCYForex, Spot Metals, Share CFDs, CFDs on Commodity Futures, CFDs on ETFs and IndicesUp to 1000:1YesVisit Review
Tenko FXUp to $30$30$10Forex, Currencies, Indices, Oil, MetalsUp to 500:1YesVisit Review
London Capital GroupNoNoForex, Indices, Shares, Commodities, Spot Metals, Bonds, Interest Rates, Vanilla Options, ETFs1,000:1YesVisit Review
ThinkMarketsBuyback + Insurance Protection$250Forex, Indicies, Metals, Commodities,Up to 400:1YesVisit Review
TickmillUp to $30$30$25Forex, CFDs, Precious MetalsUp to 500:1YesVisit Review
JustForexUp to $20,000$100Forex, MetalsUp to 3,000:1YesVisit Review
FX OpenUp to 10%$10$1Forex, Indices, CFDs, Metals, Bitcoin, Litecoin, Ethereum, Namecoin, PeercoinUp to 500:1YesVisit Review
Trading212Up to 10%$150Forex, Commodities, Stocks, Indices, Oil, BitcoinUp to 200:1YesVisit Review
Admiral MarketsTailor made200 CCYForex, Metals, Indices, Shares, Bonds, Bitcoin, Ethereum, Litecoin, RippleUp to 500:1YesVisit Review
HotForexUp to 100%$50Forex. Metals, Energies, Indices, Shares, Commodity CFDsUp to 1,000:1YesVisit Review
AlpariUp to 101%$100Forex, Metals, CFDs, BitcoinUp to 1,000:1YesVisit Review
IC MarketsNo$200Forex, Metals, CFDs, Indices, Futures, Bitcoin, Commodities, Commodities, BondsUp to 500:1YesVisit Review
XMUp to 100%$30$5Forex, Commodities, Precious Metals, Equite Indices, EnergiesUp to 888:1YesVisit Review
IGNo$150Forex, Indices, Shares, Commodities, Bonds, Bitcoin, EthereumUp to 500:1YesVisit Review
InstaForexUp to 250%$20$10Forex, CFDs, Metals, Futures, Shares, BitcoinUp to 1,000:1YesVisit Review
IronFXUp to 100%$35$500Forex, Spot Indices, Spot Metals, Spot Commodities, Futures, SharesUp to 500:1YesVisit Review
LiteforexUp to 30%$10Forex, Indices, Metals, OilUp to 1,000:1YesVisit Review
CM TradingUp to $1,000$50$250Forex, CFDs, Indices, Commodities, Metals, BitcoinUp to 400:1YesVisit Review
easyMarketsVariable$25$25Forex, Metals, Commodities, Indices, CFDs, OilUp to 400:1YesVisit Review
NordFXUp to 100%$5Forex, Precious Metals, Bitcoin, Litecoin, EthereumUp to 1,000:1YesVisit Review
FXCM50 CCYCurrencies, Commodities, Stocks, IndicesUp to 100:1YesVisit Review
FxProNo$100Forex, Futures, Indices, Shares, Metals, EnergiesUp to 500:1YesVisit Review