Best Brokers For Scalping
Scalping is a type of day trading strategy where traders buy/sell currency pairs for a certain period of time in hope of making quick profits. In scalping, though traders capture 5 to 20 pips per trade, they can gain by increasing their lot sizes.
To make scalping possible, scalpers must have a trading account with tight spreads, low commissions, fast execution, which is typically offered by ECN brokers.
In case, the spread and commission are high, traders can’t benefit from scalping. Let’s look at some of the best brokers for scalping-
Coinexx is one of the top brokers that offer the right trading conditions for scalpers. They offer low spreads, starting from 0.01 pips and low commissions, which is $2 per lot. With Coinexx, traders can trade multiple financial instruments, including, forex, cryptocurrencies, and global indices.
EagleFx is another broker that offers tight spreads from 0.1 pips, and commissions are fixed at $6. EagleFX offers fast order execution, so traders can have the best trading experience.
3) Turnkey Forex–
Turnkey Forex is a forex broker that allows trading in forex, commodities, indices, and cryptocurrencies. Their spreads range between 0.1 to 0.3 pips. They offer an ECN account, which meets the trading demand best for scalpers, with commission fixed at $2.
With Fxchoice, traders can trade forex, crypto, indices, commodities, and shares. Their pips plus loyalty program offers favorable trading conditions, including low spreads of 0.1 pips and $6 commission.
With LMFX, traders get quicker access to all financial instruments. Their spreads start from 0.2 pips. Traders can also use leverage up to 1:1000. They offer zero commission per lot.
FBS offers multiple traders accounts with features best for all types of traders. Their lowest spread is 1 pip. Traders can choose lots between 0.01 to 500.
FxGiants offers fast execution and provides trading conditions suitable for all types of traders. Especially for scalpers, they offer an ECN account with pips starting from 0.2 pips and no commission.
FinproTrading offers best trading features suitable for scalpers, including fast execution, tight spreads, low commission, and quick withdrawals and deposits. Their spreads are low from 0.1 pips. Traders can trade a wide range of currencies on Finprotrading.
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