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.
|Broker||Deposit Bonus||No Deposit Bonus||Min. Deposit||Type||Leverage||Demo Contests||Open Account|
|Up to 50%||$50||Forex, Metals||Up to 500:1||Visit Review|
|Up to 50 %||$1||Forex, Metals||Up to 2000:1||Visit Review|
|Referal||$500||Forex, Precious Metals, Energies, Soft Commodities, Cash Indices||Up to 500:1||Visit Review|
|No||$200||Forex, Index CFDs, Precious Metals, Energy, Bitcoin||Up to 500:1||Visit Review|
|eSignals||$1,000||Forex, CFDs, ETFs||Up to 33:1||Visit Review|
|Up to $30||$30||No||Forex, Metals, CFDs||Up to 1,000:1||Visit Review|
|Annual Interest Rate||$1||Forex, Metals, Stock CFDs, Index CFDs, Commodities, Futures, ETFs||Up to 400:1||Visit Review|
|5-25%||Forex, Stocks, Commodities, CFDs, Indices||1,000:1||Visit Review|
|FXTM Cashback||5 CCY||Forex, Spot Metals, Share CFDs, CFDs on Commodity Futures, CFDs on ETFs and Indices||Up to 1000:1||Visit Review|
|Up to $30||$30||$10||Forex, Currencies, Indices, Oil, Metals||Up to 500:1||Visit Review|
|No||No||Forex, Indices, Shares, Commodities, Spot Metals, Bonds, Interest Rates, Vanilla Options, ETFs||1,000:1||Visit Review|
|Buyback + Insurance Protection||$250||Forex, Indicies, Metals, Commodities,||Up to 400:1||Visit Review|
|Up to $30||$30||$25||Forex, CFDs, Precious Metals||Up to 500:1||Visit Review|
|Up to $20,000||$100||Forex, Metals||Up to 3,000:1||Visit Review|
|Up to 10%||$10||$1||Forex, Indices, CFDs, Metals, Bitcoin, Litecoin, Ethereum, Namecoin, Peercoin||Up to 500:1||Visit Review|
|Up to 10%||$150||Forex, Commodities, Stocks, Indices, Oil, Bitcoin||Up to 200:1||Visit Review|
|Tailor made||200 CCY||Forex, Metals, Indices, Shares, Bonds, Bitcoin, Ethereum, Litecoin, Ripple||Up to 500:1||Visit Review|
|Up to 100%||$50||Forex. Metals, Energies, Indices, Shares, Commodity CFDs||Up to 1,000:1||Visit Review|
|Up to 101%||$100||Forex, Metals, CFDs, Bitcoin||Up to 1,000:1||Visit Review|
|No||$200||Forex, Metals, CFDs, Indices, Futures, Bitcoin, Commodities, Commodities, Bonds||Up to 500:1||Visit Review|
|Up to 100%||$30||$5||Forex, Commodities, Precious Metals, Equite Indices, Energies||Up to 888:1||Visit Review|
|No||$150||Forex, Indices, Shares, Commodities, Bonds, Bitcoin, Ethereum||Up to 500:1||Visit Review|
|Up to 250%||$20||$10||Forex, CFDs, Metals, Futures, Shares, Bitcoin||Up to 1,000:1||Visit Review|
|Up to 100%||$35||$500||Forex, Spot Indices, Spot Metals, Spot Commodities, Futures, Shares||Up to 500:1||Visit Review|
|Up to 30%||$10||Forex, Indices, Metals, Oil||Up to 1,000:1||Visit Review|
|Up to $1,000||$50||$250||Forex, CFDs, Indices, Commodities, Metals, Bitcoin||Up to 400:1||Visit Review|
|Variable||$25||$25||Forex, Metals, Commodities, Indices, CFDs, Oil||Up to 400:1||Visit Review|
|Up to 100%||$5||Forex, Precious Metals, Bitcoin, Litecoin, Ethereum||Up to 1,000:1||Visit Review|
|50 CCY||Currencies, Commodities, Stocks, Indices||Up to 100:1||Visit Review|
|No||$100||Forex, Futures, Indices, Shares, Metals, Energies||Up to 500:1||Visit Review|