10 Best Scalping Forex Brokers in 2024

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Best scalping Forex broker - RoboForex

Your capital is at risk.

Best scalping Forex brokers:

Roboforex - best automation tools for scalpers

Exness - best broker for professional traders

Tickmill - best for scalping with Expert Advisors

FXCM - broker with best education materials

Instaforex - best for scalping with cryptocurrencies

Scalping is a popular strategy that is used by many traders. It is important to know that this strategy can only be profitable if your broker provides suitable trading conditions. Therefore, it is important to check the broker’s conditions when choosing a broker for implementing this strategy.
0 Best Scalping Forex Brokers

Scalping Forex Brokers

For scalping, brokers who provide ECN, DMA, STP accounts, with a floating/variable spread, and market execution of orders are suitable. Dealing desk brokers who offer opening orders based on the Instant Execution principle, with a fixed spread, are not usually suitable for scalping. This is due to volatility and the constant requotes that can occur with dealing desk, or “market maker”, brokers. Under these conditions, the trader simply will not be able to carry out this strategy properly.

Scalping brokers provide their clients with certain trading conditions. It is important for the trader to check for the following conditions for scalping:

1
extremely low stop losses to minimize trader losses
2
ability to open several positions during the day
3
there are no restrictions on the time during which the order is open - positions can be kept open for just several seconds or minutes
4
applications are created and closed instantly
5
it is allowed to use auto-trading Expert Advisors (EAs) that may open and close dozens of trades per second

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Below you will find all the information.

Top 10 Best Forex brokers for scalping 2024

Trading in the Forex market involves certain financial risks, and when doing scalping trades, these risks increase. We recommend working only with reliable Forex brokers. The following is a list of the highest-rated brokers who are the best to use when scalping. They are also the most popular Forex brokers used by traders for scalping.
Broker Regulation Minimum Deposit Account Types Surcharge from Traders Union
IFSC $10 Demo, Pro-Cent, Pro-Standard, ECN, Prime, R Trader, Islamic accounts 80% of affiliate payout
CySEC $1 Demo, Standard Cent, Standard, Standard Plus, Raw Spread, Zero, Pro 80% of affiliate payout
FSA, FCA, CySEC $25 Classic, Pro, VIP, Demo 80% of affiliate payout
FSA $500 Demo, Mini, Standard, Active Trader
(EU and UK FXCM clients are excluded from the rebate program)
80% of affiliate payout
FFMS, BVI FSC $1 Demo, Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica 80% of affiliate payout
CySec,FSCA, FSP, FCA $10 Standard, Cent, ECN, ECN Zero, FXTM Pro, CFD, Demo 80% of affiliate payout
CySEC, FSCA $250 Demo, Classic, Standard, Premium 80% of affiliate payout
ASIC, IFCS, CySEC $5 Demo, Micro, Standard, XM Ultra Low, Shares 80% of affiliate payout
AFSL, ASIC, AFCA $200 Demo, Raw Spread, cTrader, Standard, Swap Free 80% of affiliate payout
FCA, CySEC, FSCA, SCB $100 Demo, FxPro MT4 Instant, FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP 80% of affiliate payout

If you are looking for the best Forex brokers for scalping, you have lots of options. Here is a list of our top 10:

Roboforex

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Your capital is at risk. 58.42% of retail investor accounts lose money when trading CFDs with this provider.

RoboForex, a leading Forex broker, provides a high-caliber platform that excels in opportunities for efficient and profitable scalping. With an accessible minimum deposit of just $10 and competitive leverage peaking at 1:2000, it creates a welcoming environment for both beginner and seasoned traders.

The broker supports USD, EUR, and Gold as account currencies, promoting versatility and convenience. Scalping is made seamless thanks to the tight spreads starting from 0.1 pips for Pro Accounts and the advantageous minimum lot size of 0.01 (one micro lot). Traders can exploit a diverse range of assets, encompassing 36 currency pairs, and over 12.000 CFDs. A unique feature of RoboForex that makes it particularly suited to scalping is its free VPS hosting and support for EAs, optimizing automation and minimizing latency.

Moreover, the broker provides a suite of robust trading platforms including MetaTrader 4 and 5, cTrader, RTrader, and a web terminal for real or demo trading. Particularly, the Pro Account, with its low spreads, commissions, and minimum deposit, stands out as the most suitable for scalping, enabling traders to maximize profits while keeping transaction costs at a minimum.

Exness

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Your capital is at risk.

Exness offers low spreads on their Zero account, which are fixed at 0.0 pips for 95% of the trading day. The maximum leverage available varies based on the tier being used. The breakdown is as follows:

0 – 999 – 1:Unlimited

0 – 4,999 – 1:2000

5,000 – 29,999 – 1:1000

30,000 or more – 1:500

On weekends and holidays, maximum leverage is limited to 1:200. The broker type is Dealing Desk, and the platform has a minimum deposit amount of $10, and a maximum leverage of 1:Unlimited. The platform offers 97 Forex options, 36 Cryptocurrencies, as well as various Metals, Energies, Stocks, and Indices for trading.

Tickmill

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Your capital is at risk.

If you are interested in using Tickmill, it offers a total of 295 tradable assets, which includes a variety of CFDs on currency pairs, metals, indices, bonds, metals, and cryptocurrencies, as well as a minimum of 62 assets in futures and options trading. The typical spread for the EUR/USD on a pro account is 0.11 pips. The maximum leverage is 1:500. The minimum deposit is $100 for pro and classic accounts; The minimum balance for the VIP account is $50,000.

FXCM

Another great broker for scalping Forex is FXCM. New accounts are defaulted to up to 400:1 leverage on CFDs and FX. When accounts are funded over 50,000 CCY, the maximum leverage is reduced to 100:1 on FX and 200:1 on CFDs. Either way, the leverage is adjusted based on the equity in your account.

The minimum to open an account with FXCM Markets is $50 USD. Moreover, with the help of its new and improved system, investors can trade complete sets of popular currency pairs and CFDs. For example, the average low spread for EUR/USD is 1.3 pips, and for GBP/USD is 1.8 pips.

Instaforex

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Your capital is at risk.

Those who choose to scalp with InstaForex will enjoy a maximum leverage of up to 1:1000. Investors can open an account with a starting capital of just $1. This broker offers average spreads as low as 0.8 pips on their ECN Pro account. The Insta.Standard account offers fixed spreads between 2.0 and 7.0 pips; traders using other InstaForex accounts have spreads as low as 1.2 pips.

FXTM

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Your capital is at risk. 80% of retail investor accounts lose money when trading CFDs with this provider.

FXTM offers minimum deposits of $50 and uses the MetaTrader 4, MetaTrader 5, and its own proprietary trading platform. The platforms offer average Eur/Usd spreads of 1.9 pips, minimum raw spreads of 0.0 pips, minimum standard spreads of 0.5 pips, and minimum commission fees for Forex trading of $0-$2.

Markets.com

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Your capital is at risk. 79,9% of retail investor accounts lose money when trading CFDs with this provider.

Markets.com has a minimum deposit requirement of $100 for regular accounts and $250 for premium accounts. The platform offers a vast array of tradable instruments: 57 Forex pairs and 2,179 CFDs. Markets.com also offers spreads as low as 1.9 pips on the EUR/USD.

XM.com (XM Broker)

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Your capital is at risk. 77.74% of retail investor accounts lose money when trading CFDs with this provider.

XM offers investors access to 1,230 CFDs, including 57 Forex pairs. When using the XM Shares account, a $10,000 deposit is required to gain access to exchange-traded securities. XM offers spreads as low as 0.0 pips, over ten trading platforms, and the ability to open accounts on MT4, MT5, and XM WebTrader. It also offers features such as personal account managers, free access to market research, and much more.

IC Markets

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Your capital is at risk. 75.93% of retail investor accounts lose money when trading CFDs with this provider.

IC Markets Forex offers some of the most competitive spreads. Moreover, it provides access to the world’s largest and most liquid market. This includes Raw spreads starting from 0.0 pips, as well as commission rates of $3.5 per standard lot in a RAW account, and free VPS in London and New York. Investors have access to trader more than 61 currency pairs, up to 1:500 leverage, deep liquidity, and the ability to trade 24 hours a day, five days a week.

FxPro

Open an account
Your capital is at risk. 79.27% of retail investor accounts lose money when trading CFDs with this provider.

Offering an array of currencies, commodities, indices, stocks, futures, and crypto for trading, FXPro is an excellent platform for those interested in Forex scalping. It offers a minimum deposit of $100 and maximum leverages of 1:30 (FCA), 1:30 (CySEC), and 1:200 (SCB). Traders can choose from the MT4, MT5, and cTrader trading platforms, or opt to use FxPro’s own proprietary platform. Spreads on EUR/USD start from 1.5 pips in the MT4 Trading Platform and 0.2 pips in the cTrader platform, where commissions are charged rather than spread fees.

Read also information about best Forex scalping signal providers to maximize your profits.

How to choose the best brokers for scalping?

Are you wondering how to choose the best brokers for scalping? Here are some tips to help you on your way:
Brokers should allow scalping: The first step is to make sure that scalping is allowed on the platform. Many platforms permit scalping, but some do not.
RAW/ECN account: In order to get some of the lowest trading costs, you should ensure the platform offers RAW/ECN accounts, with low fees and extra tight spreads.
Strong liquidity from the leading providers: When engaging in Forex scalping, using platforms that offer strong liquidity from the leading providers is essential.
Free VPS servers and other tools for scalpers: Lastly, the best platforms for Forex scalping include free resources, such as VPS servers and other useful tools.

Advantages and Disadvantages of the Scalping (Pipsing) Strategy

Scalping (pipsing) is a common trading strategy where traders open trades for only a short time, from several seconds to several minutes.

Scalping, like any other strategy, has several advantages and disadvantages.

👍 The advantages of scalping:

• it can be used by a beginner, as only basic technical analysis is required for scalping

• you only need a small deposit

• ability to open a large number of trades during a trading session (up to 1,000 trades per day)

• You can trade with any trend or in a flat, ranging market

👎 The disadvantages of the strategy:

• minimum profit margin

• not all brokers provide scalping conditions

• requires a certain mindset

Is scalping difficult?

Scalping in trading can be challenging and is often not recommended for beginners or those with limited experience. It involves making rapid, short-term trades to profit from small price movements, often within seconds or minutes. The difficulty arises from the need for quick decision-making, discipline, and a deep understanding of market dynamics. If you're interested in scalping as a beginner, here are five tips to help you succeed.

Start with a solid foundation. Before attempting scalping, make sure you have a good grasp of the basics of trading, technical analysis, and risk management. Gain experience with longer-term trading strategies to develop your skills and understanding of the markets.

Choose the right market and instruments. Scalping is typically associated with highly liquid markets, such as Forex, major stock indices, or liquid cryptocurrencies. Stick to a few instruments you are comfortable with and understand well. Avoid illiquid or volatile assets such as penny stocks, which can be difficult to scalp.

Utilize technical analysis. Scalpers rely heavily on technical analysis, focusing on short-term charts, patterns, and indicators. Develop a scalping strategy that includes technical tools like moving averages, RSI, MACD, and support/resistance levels to identify potential entry and exit points.

Set strict risk management rules. Scalping can be highly risky due to the frequency of trades and small profit margins. Set tight stop-loss orders to limit losses and never risk more than a small percentage of your trading capital on a single trade. Maintain a disciplined approach to risk management and avoid making any emotional decisions.

Practice with a demo account. Before trading with real money, use a demo account to practice your scalping strategy. This allows you to become familiar with the platform, test your approach, and gain experience without risking your capital. Only transition to live trading when you consistently demonstrate success in your demo trading.

Remember that scalping can be mentally and emotionally demanding due to the rapid decision-making required. It's essential to stay focused, and disciplined, and avoid overtrading. As a beginner, consider other longer-term trading strategies initially and transition to scalping when you have a solid foundation and feel comfortable with the associated challenges.

Traders Union Expert Opinion
Due to a large number of advantages, scalping is used by many traders, including beginners. To be able to earn a stable income from scalping, you need to choose the right broker, one whose trading conditions do not prohibit the use of this strategy. You should pay attention to the broker’s speed of execution of orders, the size of spreads, and the presence of ECN accounts.

FAQs Regarding the Forex Scalping Brokers

Which Forex broker is best for scalping?

When searching for the best brokers for Forex scalping, you should take some time to make sure the broker offers RAW/ECN accounts, low fees, tight spreads, free VPS servers, and other useful resources - and also that they offer strong liquidity from leading providers, and, of course, that scalping is allowed by the broker.

Is scalping allowed in Forex?

Yes, scalping is allowed in Forex, but not all brokers allow it.

Can I use automatic advisers when scalping?

Yes, automated Expert Advisors (EAs) are permitted when scalping Forex on various broker platforms.
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When is the best time to trade Forex?

The best times can vary, depending on various factors. However, generally speaking, many experts assert that the best trading time is the 8 a.m. to noon overlap of the New York and London market sessions. This is because these two trading centers account for more than 50% of all Forex trades.
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Is scalping suitable for beginners in Forex trading?

Yes, it is suitable for beginner traders, as this strategy requires minimal theoretical knowledge.

Is any broker suitable for pipsing?

No, not all brokers are suitable, as their terms may not include quick opening and closing of orders.
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How do I choose a reliable broker for scalping?

You will find the rating list of reliable brokers for scalping from Traders Union on this page.