Many Forex brokers offer their traders a feature called scalping. Scalping is a rapid trading style where the trader looks for small profits, between 2-5 pips by opening and closing trades that last less than a minute over and over again.
Scalping is also referred to as snipping or churning. The best scalping Forex brokers offer an opportunity to hold positions for mere seconds and use tight stop-loss orders on them. Some brokers allow scalping in general but impose some restrictions on scalpers in form of additional commissions, spreads or trade number limits. Such brokers are found among DMA brokers and ECN brokers.
Not every Forex brokers permit scalping. Most, however, will allow some scalping in non-aggressive style which means a trader will have long-term trades along with short lived trades once in a while. It is the traders' responsibility to check broker scalping policies in the client agreement.
It is important to do a proper comparison before opening an account with any Forex broker. Listed below are the top Forex brokers that allow traders to scalp.
ECN trading with leverage up to 1:500
Deposit $500 and trade with $1000!
MetaTrader 4, MetaTrader 5, Web-based, IRESS
Best all-around: high floating leverage + fast execution
Sign Up - 20%
MetaTrader 4, MetaTrader 5
CySEC, FCA, IFSC
Excellent educational offerings
MetaTrader 4, Proprietary platform
CySEC, ASIC, FSB
Highly regulated, choice of fixed or floating spreads
Up To $5000
MetaTrader 4, Proprietary platform, Web-based
MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC