Would you like to give scalping a go, or are you a veteran just looking for the
We have searched for, and compiled a list of thetop 10 brokers for scalping 2020(even encouraging it, in some cases).
To understand this all better, lets see what scalping is, and what features and services should be offered by a broker to be one of the best.
Scalping is a trading technique which focuses on profiting from the subtlest price variations of a financial asset.
The Scalper, is the trader who, more than anyone else, can achieve returns regardless of the general trend of the underlying asset. An index which loses an overall 2% value in one day could mean quite a few percentage points of profits for a good scalper.
A scalper doesnt care for the trend direction of the financial asset, as long as it keeps moving.
But now, lets see the list of the best brokers for scalping. At the bottom of the post you can find other useful information on how scalping works.
(This post is part of thebest forex brokersseries)
This is why we have prepared a ranking of the 10 best broker for scalping. These brokers, besides not forbidding it, favour it through several services aimed at excelling in the above-mentioned features.
Operating since 2010, Pepperstone has quickly become one of the best forex brokers in Australia and in the world (as its many awards can prove). The ECN access through cTrader with DMA (Direct Market Access), the low commission fees, and the reduced spreads makePepperstoneideal for scalping thus our best scalping broker.
: Pepperstone Limited authorised & regulated by the
(684312); Pepperstone Group Limited registered with
(414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
: Pepperstone Group Limited is headquartered in Melbourne, Australia
: CFDs on indices, commodities, cryptocurrency
FxPro is one of the most famous Non-Dealing Desk forex brokers. An English broker famous all over the world, its quality of execution, innovation, and platforms, make this the perfect candidate for scalping. Through the development of several technologies,FxProhas always welcomed traders looking to easily automate their strategies (see cAlgo Algorithmic Trading, FxPro Library, FxPro Quant Strategy Builder, and FxPro VPS).
: FxPro UK Limited authorised & regulated by the
(509956); FxPro Global Markets MENA Limited authorised & regulated by the
(F003333); FxPro Financial Services Ltd authorised & regulated by
(45052); FxPro Global Markets Ltd authorised & regulated by the
(SIA-F184). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4, MT5, cTrader, FxPro Edge (web platform)
: FxPro Group Limited is headquartered in Guernsey
: CFDs on futures, indices, shares, metals, energies; spread betting
Ranked as one of the top 10 best forex brokers in the world, IC Markets is one of the fastest growing brokers in Australia. Its headquarters are in Sydney, and it has offices all over the world, including Vietnam and China. Its high financial leverage, low spreads, the absence of a withdrawal commission fee, the multitude of available trading platforms (including cTrader), makeIC Marketsan ideal candidate for scalping.
: International Capital Markets Pty Ltd. licensed by
(AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
Markets.com has been one of the fastest growing brokers over the last few years, thanks to its notable investments and the quality of their service (particularly for their multi-language support division, available 24/5, which has also earned them some awards).Markets.comis managed by Safecap, a Playtech PLC subsidiary, listed in the London Stock Exchange and part of the FTSE 250 Index. The goal of this broker is to work on as many markets as possible, to become a landmark not just for forex, but for the whole online trading world. With this vision in mind, it welcomes scalpers as well.
(43906); Tradetech Markets (Australia) Pty Ltd licensed by
(424008). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Web platform (web, Android and iOS mobiles and tablets)
: Safecap Investments Limited is headquartered in Nicosia, Cyprus
: CFDs on metals, energies, indices, commodities, bonds, shares, ETFS, blends, cryptocurrency, IPOs
Operating since 2011, OctaFX has been awarded the Best ECN Broker in Asia 2014 by the Global Banking and Finance Review, and the Best Broker in Central Asia 2014 by the Forex Report Magazine. The broker operates on many underlying assets, highly liquid and suitable for scalping. They also offer great promotional activities, such as their trading contests, carried out through their demo accounts, which do however include real money prizes. Their 50% bonus on deposits is also extremely interesting. Currently,OctaFxdoes not accept USA clients.
: Octa Markets Incorporated is regulated by the
. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4 (web platform, desktop, Android, iOS), MT5 (web platform, desktop, Android, iOS), cTrader (desktop, Android, iOS)
: Octa Markets Incorporated is headquartered in Kingstown, St. Vincent and the Grenadines
: CFDs on indices, commodities, cryptocurrency
DivisaFX, founded in 2008, provides premium conditions for institutional clients and professionals. The features of their offer suit scalping strategies quite well. This broker requires clients to open their accounts in United States dollars. However, clients can make deposits in GBP, EUR, and AUD. The funds will be converted to the main currency and credited to a business account.
: Equiti Capital UK Limited authorised & regulated by the
(528328); Equiti Group limited authorised & regulated by the
(607136). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Equiti Capital UK Limited is headquartered in London, UK
Titan FX is a new generation broker. It is a ECN broker which provides the possibility to trade over the forex market and on commodities. Thanks to its cutting-edge technology, it provides next generation trading conditions: institutional level spread, swift order execution, high level liquidity, and the security over registration and financial supervision, all essential elements for scalping.
(40313). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: TI Securities Limited headquartered in Port Villa, Vanuatu
: CFDs on indices, precious metals, energy commodities
ActivTrades was founded in Switzerland in 2001, as a small brokerage firm, then it moved to London, in its current headquarters, in 2005. Some applications they have developed allow to perform calculations which ease operating decisions. Besides, ActivTrades offers a free Authochartist account, which is considered the market leader in intraday trading tools, with access to the latest findings, such as Key Levels and PowerStats, great assets for your scalping.
: ActivTrades PLC is authorised & regulated by the
(2309); ActivTrades Corp is authorised & regulated by
(You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Clients registered under ESMA regulation can access 1:30 leverage, while other retail traders can leverage up to 1:400
: ActivTrades PLC is headquartered in London, UK
: Options; ETFs; CFDs on indices, international shares, commodities, bonds; spread betting (for UK-based clients) on forex, commodities, stocks, shares
Despite the name, this broker does not offer automated trading services, but it focuses on offering a wide variety of Forex Trading services, professional ECN accounts (through cTrader), and business accounts to individuals and businesses alike. Its high leverage (1000:1), and its interesting Cent Accounts are suitable for anyone wanting to learn, particularly scalping.
(IFSC/60/271/TS); RoboForex (CY) Ltd regulated by
(191/13). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4 (desktop, web, iOS, Android), MT5 (desktop, web, iOS, Android), cTrader (desktop, web, iOS, Android), R Trader (web platform)
: RoboForex Group is headquartered in Belize City, Belize
: CFDs on stocks, indices, ETFs, soft commodities, energies, metals, cryptocurrency
Funded in 2010, InterTrader Direct offers extremely low spreads and operations traded directly on the market (no dealing desk), through a proprietary web platform or through the MT4, which makes this a good broker for scalping. Its leverages arent too high, but it is possible to trade over 46 currency pairs, many indexed, and commodities.
: InterTrader Limited authorised & regulated by the
(597312). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4, web platform, mobile apps (Android and iOS), Advanced Platform
: InterTrader Limited is headquartered in Gibraltar
: CFDs on indices, commodities, shares, cryptocurrency; spread betting
The old (and correct) adage let profits run, cut losses short isnt particularly relevant to scalping, at least as regards letting profits run. The scalper takes advantage of the markets micro-oscillations, which have a set duration in time, from a few seconds to a few minutes, which is why it bears slim profits.
People who use this technique settle for small, yet fast, profits, continuously opening new positions on the market, trying to exploit its many oscillations, cutting losses to a minimum.
To take advantage of the continuous price variations, scalpers must dedicate several hours of activity to graphs, keeping a steady and constant focus and carrying out many operations. It isnt rare to see scalpers performing even more than 100 operations in just a days trading.
As weve already mentioned, given the nature of scalping, the profits earned with just one operation are quite slim, ranging from a couple of pips to a few tens, at most.
So, for scalping to produce real profits, traders must focus on two things:
Other categories of professional traders, generally speaking, aim at having a good Risk/Returns ratio (from 1:2 up), which allows them to sustain even smaller percentages of success, even below 50%, still generating profits. However, this isnt the case for scalpers. Taking profits after such short times, the Risk/Returns value tends to be quite low, which forces scalpers to keep an extremely high percentage of winning trades to constantly generate profits.
This activity isnt for anyone. Besides having solid technology assets (such as PC, monitors, etc.) and a fast, stable connection, scalping requires extremely high self-discipline and concentration.
Furthermore, obviously, it is necessary to work with a good scalping Forex Broker, preferably one from the list below.
In addition to the high psychological capital, scalping normally requires a certain amount of financial resources. Having to profit from small market investments (a few pips or points at a time), to have noteworthy profits, the investment volume must be kept high.
Therefore, scalpers must have an appropriately funded account, or else work on a high financial leverage, which however does notably increase risks.
High liquidity assets are among the preferred scalping markets, to avoid that the lack of buyers and sellers increases the spread between purchase and sell price to an excessive amount, making profits harder to achieve over the short term.
Highly capitalized and traded assets are therefore favoured, such as indexes, forex trades, and other assets which tend to have a good quantity of variations over the trading day.
Given this peculiar activity, it is necessary to find a broker presenting the following basic features:
Availability of high liquidity assets (high capitalized assets, index and exchange rates);
Possibility to analyze markets with several indicators, possibly customizable;
Direct market visibility, not an artificial version of it (dealing desk);
Exclusive intermediation activity, possibly directly on the market;
Given the peculiarities of scalping, not all brokers encourage it. Some even forbit it.
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