10 Best Scalping Forex Brokers in 2020

Flynn Simpson June 2020
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Scalping is a popular strategy that is used by 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 conditions when choosing the broker for this strategy.
0 Best Scalping Forex Brokers

Scalping Forex Brokers

For scalping, brokers who provide ECN, DMA, STP accounts with a floating spread, and market execution of orders are suitable. Brokers who offer opening orders based on the Instant Execution principle with a fixed spread is not suitable for scalping. This is due to volatility and the constant requotes that can occur. 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 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 hundred positions during the day;
3
there are no restrictions on the time during which the order is open - positions can be kept open for several seconds or minutes;
4
applications are created and closed instantly;
5
it is allowed to use automatic pips advisors that 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 2020

Trading in the Forex market involves certain financial risks, and when scalping, 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 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

How to choose the Best Broker for Scalping

For successful scalping, the following criteria must be considered in making your decision:
broker reputation - experience in the market, availability of licenses from regulators and international awards;
feedback from traders –advice from real trader experience both positive and negative;
trading conditions - the type of order execution, transaction speed, size of spreads and leverage, amount of available currency pairs.
The Traders Union rating is compiled based on information from our expert research analysis based on the criteria set out in this list. Companies from the list are trusted and reliable brokers recommended for traders.

Advantages and Disadvantages of the Scalping (Pipsing) Strategy

Scalping (pipsing) is a common trading strategy that allows traders to open trades for 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 basic technical analysis is required for scalping;

• you 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 a flat.

👎 The disadvantages of the strategy:

• minimum profit margin;

• not all brokers provide scalping conditions;

• requires a certain mindset.

Traders Union Expert Opinion
Due to alarge number of advantages, scalping is used by many traders, including the beginner. To enablepipsing to earna stable income, you need to choose the right broker whose trading conditions do not prohibit the use of this strategy. First of all, you should pay attention to the speed of execution of orders, the size of spreads, as well as the presence of ECN accounts.

About the Author

Flynn Simpson
Flynn Simpson
Independent analyst trader
  • In 2004 he graduated from the National Research University Higher School of Economics, specialization - state and municipal administration;
  • From 2008 to 2012, he worked as a junior analyst trader in the American broker company TD Ameritrade;
  • From 2012 to 2017, he worked as a senior and then freelance analyst trader at Interactive Brokers, the oldest international broker company;
  • From December 2017 till present he works as independent analyst trader, freelance specialist of the Traders Union trader association;
  • In 2020, personal experience in the Forex market is 18 years.

FAQs Regarding the Forex Scalping Brokers

👌

Is scalping suitable for the beginners in Forex?

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

Can I use automatic advisers when scalping?

Yes, you can use an automatic adviser to assist you with this strategy.

Is any broker suitable for pipsing?

No, not all brokers are suitable as their terms may not include quick opening and closing orders.

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.