Proven brokers for scalping and pipsing
The most profitable trading strategy at this time is considered to be short-term trading; it involves opening a large number of transactions during one session.
This type of work puts forward additional requirements for the quality of service provision, servers and communication lines, so not all DCs allow the use of short-term transactions.
This article presents a list of brokerage companies that allow scalping; trading here takes place without any special restrictions on time and profit level, so you can use almost any chosen strategy for trading.
Scalping brokers are listed according to the attractiveness of trading conditions and the comfort of working with them; in addition, they have good customer support, which confirmed the absence of restrictions.
RoboForex is one of the most stable companies, which allows all types of strategies, and offers traders three types of accounts – cent, standard and VIP.
Depending on financial capabilities and trade volumes. Just a huge number of offers - scripts, terminals, analytics, the ability to trade cryptocurrencies. Minimum deposit – from 1 dollar.
Spread – depending on the account type, from 0 points.
Execution - Instant execution or Market execution.
Bonus up to +110%
Leverage up to 1:2000, leverage on cryptocurrencies 1:50
Quote – four or five digits.
AMarkets – the advertising of this company states that this broker is suitable for scalping.
A scalping competition of the same name is also specially held. Deposit from 100 dollars.
Spread – from 0.2 points.
Execution to choose from - Instant execution or Market execution
Bonus up to 30%
Leverage up to 1:3000
Quote - five-digit.
Alpari – there is no need to talk about this company for a long time; it is known to traders all over the world.
The number of its clients has long exceeded three million. If you want to trade using scalping and large volumes, then this is your choice. In addition to the classic options, you can top up your account with 50 cryptocurrencies. Minimum amount from 1 dollar.
Spread – from 0 points.
Execution of orders using the Instant Execution or Market system
Record leverage size - up to 1:3000
Quote - five-digit.
Really low spreads allow you to reduce costs when expanding your deposit. There are competitions on demo accounts for scalpers with good prizes. Alpari is the best broker for scalping at the moment
Broker NPBFX - allows you to trade without hidden commissions, while it is possible to use a huge leverage of up to 1000. Operated since 1996.
Minimum deposit - from 10 dollars.
Spreads from 0.4 points.
Execution - Instant execution & Market execution
Leverage up to 1:1000
Quote – five-digit.
InstaForex completes our short list; recently the company has significantly lost its position among traders due to the high commission for withdrawing funds to electronic payment systems. Therefore, if you prefer to work with WebMoney or Yumoney, you are better off choosing another intermediary.
Initial deposit – from 1 dollar.
Spread – floating or fixed from 0.2 points.
Quote – four digits
Lever – 1:1000
Bonus up to 55%
This company can be conditionally classified as a broker for scalping since there is a limitation - Minimum transaction duration - 5 minutes.
In conclusion, I would like to note that using brokers for scalping does not guarantee profitable trading, but only makes it a little more comfortable and less risky.
What conditions must a broker meet for scalping?
Scalping is trading on the shortest time frames, the duration of the transaction usually does not exceed several minutes, and sometimes seconds.
At the same time, there are several basic parameters that the best broker for scalping must meet: 1. Spread - or the difference between buying and selling a currency pair, the smaller it is, the better the financial result, with such a strategy this indicator is crucial, because sometimes the transaction brings just a few points.
And with a large fee for opening an order, it is simply not possible to make a profit; this indicator can be either fixed or floating. Fixed – its value is immediately indicated in the trading conditions and remains unchanged regardless of the situation on the foreign exchange market.
Floating – the commission value constantly changes based on the liquidity of the instrument and market volatility, for example, for the EUR/USD currency pair this value can fluctuate from 0.5 to 3 within one session, for other instruments sometimes there is a larger change.
Brokers for short-term scalping that provide services using this option usually indicate the average spread size, so when opening trades you will have to monitor its current indicator yourself.
2. Currency pair – the higher its liquidity, the smaller the spread; these two parameters are quite closely related. Separately, it should be noted such an indicator as volatility; pairs with high volatility can bring greater income, at the same time, trading with their use is characterized by maximum risk.
You should not take currencies such as Bitcoin for scalping; the price of a crypto currency moves so rapidly that if you use leverage, you can almost instantly be left without a deposit in the event of a sharp trend reversal.
3. Leverage – to trade using the scalping strategy, you should use a large leverage, this is what will allow you to conclude transactions of a significant size.
But this does not mean that you should margin trade in a ratio of 1:1000; the ratio between your deposit and position volume should have reasonable limits and not exceed 1:300. 4. Bonuses when replenishing – the larger their size, the larger the volume of transactions you can conclude, so it will not be a bad idea to use this offer to the maximum.
Moreover, if you consider that the money earned is withdrawn without any additional conditions or restrictions.
5. Minimum amount to start trading - if you have only $100 available, then a dealing center is unlikely to suit you, where in order to start trading you need to top up your account with at least $1000.
At the same time, using scalping, even with such an amount, you can start earning money by gradually increasing your deposit. A good option would be to attract borrowed funds from investors through a PAMM account. Typically, PAMM accounts of managers who trade using scalping look more than convincing, which allows you to quickly attract additional capital.
6. Order execution – scalping brokers must have instant order execution. The order to open a position must be executed exactly at your price, otherwise slippage will destroy potential earnings.
7. No restrictions - some dealing service providers introduce restrictions such as - Min Trade Time, minimum profit with which an order is closed, maximum number of open transactions during the day.
There are no such companies in the presented list, but before opening an account, additionally check the trading conditions, because they can change at any moment.
It is these basic parameters that you should pay attention to if you decide to choose a broker for scalping; only in this case will you be able to get the planned profit and avoid troubles.