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
Oanda$1Forex, CFDs, Precious MetalsUp to 50:1YesVisit Review
ORBEXReferal$500Forex, Precious Metals, Energies, Soft Commodities, Cash IndicesUp to 500:1YesVisit Review
RoboForexUp to $30$30NoForex, Metals, CFDsUp to 1,000:1YesVisit Review
TickmillUp to $30$30$25Forex, CFDs, Precious MetalsUp to 500:1YesVisit Review
FX OpenUp to 10%$10$1Forex, Indices, CFDs, MetalsUp to 500:1YesVisit Review
HotForexUp to 100%$50Forex. Metals and Oil, Indices, Shares, Commodity CFDsUp to 1,000:1YesVisit Review
IC MarketsNo$200Forex, Metals, CFDsUp to 500:1YesVisit Review
XMUp to 100%$30$5Forex, Commodities, Precious Metals, Equite Indices, EnergiesUp to 888:1YesVisit 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