Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Best Scalping Forex Brokers

Scalping Forex brokersScalping is an interesting and simple trading strategy, which is used by a lot of traders in Forex brokers, but far not all brokerage companies allow it. Forex scalping is a form of trading that is normally used by traders to buy and sell currency pairs where the trader gets to hold the currency for a while waiting for it to accumulate in profit. The scalper then proceeds to make the maximum number of trades while earning a small profit for each trade at a time. Since the scalper is targeting small amounts of profit from several trades, they may hold on to the trades for moments as brief as seconds.

Mostly, forex scalping involves leverages of large sums and this means that any small change in currency rates translates to a substantial amount of profit. To allow you using the best ForexBrokers for Scalping in your work, TopBrokers.com has prepared this list for you. It includes the most proven and reliable Scalping Forex brokers for trading.

  • Key information
  • Trading
  • Payment systems
  • Trading platforms
  • Trading instruments
  • Support
  • Trading accounts
  • Account settings
  • Spreads
  • Promotion
Filter
Company#LogoForex brokerFoundedRegulatedReviewsPayment systemsBroker type(?)Min. DepositMax.
leverage
Live spread
Interval:
Live
spread
EUR/USD
Live spread
Interval:
Live
spread
GBP/USD
Live spread
Interval:
Live
spread
USD/CHF
Live spread
Interval:
Live
spread
USD/CAD
Live spread
Interval:
Live
spread
USD/JPY
Live spread
Interval:
Live
spread
AUD/USD
Live spread
Interval:
Live
spread
NZD/USD
Live spread
Interval:
Live
spread
EUR/AUD
Live spread
Interval:
Live
spread
EUR/CAD
Live spread
Interval:
Live
spread
EUR/CHF
Deposit bonusAccount
Forex.com1Forex.combest broker2001
FCA, CFTC

Regulated

29

Payment systems

ECN, MM
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FxGlory2FxGlory2012-7

Payment systems

NDD, MM
1 $1:3000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
LMFX3LMFX2015-20

Payment systems

NDD
50 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
IG4IG1974
ASIC, FCA
13

Payment systems

DMA, MM
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
OANDA5OANDA1996
ASIC, FCA
28

Payment systems

-0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Interactive Brokers6Interactive Brokers1977
FCA, CFTC

Regulated

8

Payment systems

MM
10000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
AAFX Trading7AAFX Trading2014
ASIC, FSA
130

Payment systems

NDD, ECN
100 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A30 %

As a warm welcome to our newest traders, we are offering a 30% bonus on top of your initial deposit into your first AAFX live account.

XM.COM8XM.COM2009
ASIC, IFSC

Regulated

60

Payment systems

MM
5 $1:888N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
RoboMarkets9RoboMarkets2012
CySEC
7

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
EXNESS10EXNESS2008
FCA, CySEC
65

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Libertex11Libertex1997
CySEC
63

Payment systems

STP, MM
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
AXITrader12AXITrader2007
ASIC, FCA
9

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
JustForex13JustForex2012
IFSC
10

Payment systems

ECN, STP
0 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A100 %

From now on, clients of JustForex can increase their deposit with the help of Double benefit bonus. Deposit your account with at least 100 USD and double your opportunities for trading!

XTB.com14XTB.com2002
FCA, CNMV
8

Payment systems

NDD, STP
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
RoboForex15RoboForex2009
IFSC
13

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A50 %

Tradable Protection 50% is available no matter the first deposit. On the next deposits you can receive it from 300$. The extra funds of Tradable Protection are not written off even during “drawdown”.

Forex4you16Forex4you2007
FSC
26

Payment systems

NDD, STP
20 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
NordFX17NordFX2008
SEBI, CySEC

Regulated

91

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A100 %
FxPro18FxPro2006
FCA, CySEC

Regulated

62

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
City Index19City Index2001
ASIC, FCA
3

Payment systems

NDD, ECN
250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FXCM20FXCM1999
ASIC, FCA
17

Payment systems

NDD
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Admiral Markets21Admiral Markets2001
FCA, CNMV
18

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
AVATrade22AVATrade2006
ASIC, CBI
54

Payment systems

NDD
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
IQ Option23IQ Option2013
FSA
7

Payment systems

NDD
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FxGiants24FxGiants2015
FCA
4

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
50 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A20 %

Increase your trading opportunities. Get up to a bonus on all deposits up to $ 2000

Vantage FX25Vantage FX2009
ASIC
5

Payment systems

ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Instaforex26Instaforex2007
RAUFR
44

Payment systems

NDD, ECN
1 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A30 %
Alfa-Forex27Alfa-Forex2016
CBR
11

Payment systems

NDD
0 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FIBO Group28FIBO Group1998
FSC, CNMV
13

Payment systems

NDD, MM
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Alpari29Alpari1998
IFSC, NAFD
37

Payment systems

ECN
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A100 %
Markets.com30Markets.com2006
CySEC
5

Payment systems

NDD
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FXOpen31FXOpen2005
ASIC, FCA
29

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
1 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1 %

Welcome Bonus is credited to the micro account after making the minimum deposit.

GrandCapital32GrandCapital2006
CySEC
11

Payment systems

STP
10 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A40 %

The bonus is charged on any account replenishment without restrictions. The promotion is valid indefinitely.

AMarkets33AMarkets2007
FSA
48

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A25 %
Dukascopy Bank SA34Dukascopy Bank SA1998
FINMA
13

Payment systems

ECN
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A100 %Get a 100% Welcome bonus to your account.
FP Markets35FP Markets2005
ASIC, CySEC
5

Payment systems

DMA
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Just2Trade36Just2Trade2006
CySEC
4

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
IFC Markets37IFC Markets2006
FSC, CySEC
19

Payment systems

STP
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Saxo Bank38Saxo Bank19927

Payment systems

ECN, STP
10000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
HotForex39HotForex2010
CySEC, FSC
59

Payment systems

NDD
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
IC Markets40IC Markets2007
ASIC
18

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FXDD41FXDD2002
MFSA
7

Payment systems

NDD, ECN
250 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
LiteForex42LiteForex2005
CySEC
30

Payment systems

ECN
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A100 %

Bonus CRYPTO 100%

BCS Forex43BCS Forex2004
FSA
1

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
1 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A50 %

Hurry up to get a bonus! Up to $ 5000 on first deposit!

Fortrade44Fortrade2013
FCA, FSCS

Regulated

3

Payment systems

-100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A30 %

Fortrade offers a welcome bonus, amounting to 30% of the first deposit (up to €3000). The deposit must be €100 as a minimum and the bonus expires within 90 days. Bonus monies may be used for tr

EasyMarkets45EasyMarkets2001
ASIC, CySEC
17

Payment systems

MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Hantec Markets46Hantec Markets2009
FCA
6

Payment systems

NDD
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
ForexChief47ForexChief2014
VFSC
59

Payment systems

ECN, STP
1 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
ICM Capital48ICM Capital2009
FCA
4

Payment systems

-200 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Octa FX49Octa FX2011
FCA, FSA
28

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A50 %

Deposit bonus can only be credited to a verified account. Deposit bonuses can only be credited to any MT4 | MT5 account.

Fort Financial Service50Fort Financial Service2010
IFSC
11

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A50 %Due to our developed system you can increase the amount of every deposit up to 50%! No doubt that more funds on your account means, more profit from trading is available for you.
BMFN51BMFN1988
ASIC, FCA
12

Payment systems

NDD, DMA
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A20 %New or existing accounts at BMFN who enroll in the Bonus Program and make a qualifying deposit will receive a deposit bonus up to $10,000!
NPBFX52NPBFX1996
IFSC
4

Payment systems

NDD, STP
10 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FreshForex53FreshForex2004
KROUFR
16

Payment systems

NDD, MM
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A5 000 %Bonus 101%
City Index Singapore54City Index Singapore2006
MAS
6
MM
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
GO Markets55GO Markets2006
ASIC
3

Payment systems

NDD
200 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Forex.ee56Forex.ee2004
FSA
5

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A15 %
Tickmill57Tickmill2014
FCA, SIBA
7

Payment systems

NDD
25 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Yadix.com58Yadix.com2010
FSC
24

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A50 %Get a 50% Cash Bonus up to $10,000 on your first deposit. Cash bonuses are credited to your balance after the requirements are met.
FXPRIMUS59FXPRIMUS2009
CySEC, VFSC
13

Payment systems

STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Swiss Markets60Swiss Markets2012
CySEC
3

Payment systems

STP
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
ICE FX61ICE FX2015-7

Payment systems

STP
10 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A100 %

Компенсация издержек при переводе депозита из других компаний (брокеров, фондов и т.д.). Компенсируется до 100% издержек при транзакции депозита.

TrioMarkets62TrioMarkets2014
CySEC
4

Payment systems

ECN, STP
500 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
iOCBCfx63iOCBCfx2004
MAS
1
NDD
1000 $1:35N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
UOB Kay Hian64UOB Kay Hian2000
MAS
3
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
KE Forex65KE Forex1972
MAS
2
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Haitong66Haitong2010
MAS
3
NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FXCitizen67FXCitizen2010
VFSC
3

Payment systems

NDD, ECN
10 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Land FX68Land FX2013
FCA, FSCS

Regulated

4

Payment systems

NDD, ECN
300 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A10 % 10% bonus applies equivalently to First deposit amount above $300
Pepperstone69Pepperstone2010
ASIC
6

Payment systems

ECN
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
PhillipCapital UK70PhillipCapital UK1975
ASIC, FCA
9
NDD
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Ak Investment71Ak Investment1996
SPK
4
NDD, DMA

Broker type

  • NDD
  • DMA
  • MM
1000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
InvestAZ72InvestAZ2010
FSP, SPK
3
ECN
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Abshire-Smith73Abshire-Smith2011
FCA, FSCS
7

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
ArgusFX74ArgusFX2000
CySEC
4

Payment systems

STP
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Ayondo75Ayondo2008
FCA, BaFin
2

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Bacera76Bacera2009
ASIC
2

Payment systems

MM
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
BogoFinance77BogoFinance2006
CySEC
1

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Capital.com78Capital.com2017
CySEC
5

Payment systems

NDD
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Capital Index79Capital Index2014
FCA, CySEC

Regulated

3

Payment systems

NDD, STP
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Core Liquidity Markets80Core Liquidity Markets2012
ASIC, FSA
4

Payment systems

NDD
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
CMG81CMG2015
ASIC
10

Payment systems

-250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Colmex Pro82Colmex Pro2010
CySEC
5
NDD, ECN
2000 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Darwinex83Darwinex2012
FCA
2

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
eTrader84eTrader2014
CySEC
7
NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Flatex85Flatex1999
BaFin
2
NDD, MM
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Fullerton Markets86Fullerton Markets2015
FSP
9

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FX8887FX882016
CySEC
4

Payment systems

ECN
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FXCC88FXCC-
FCA, CySEC
12

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FX Choice89FX Choice2010
IFSC
9

Payment systems

NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FxGrow90FxGrow2008
CySEC
4

Payment systems

ECN, STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
GMG Markets91GMG Markets2015
FCA
2
NDD, STP
200 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
HMS Markets92HMS Markets1972-2
NDD
1000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Infinox Capital93Infinox Capital2009
FCA
2

Payment systems

ECN, STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
iTrader94iTrader2012
IFSC
5

Payment systems

NDD
250 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Mex Exchange95Mex Exchange2012
ASIC
4

Payment systems

NDD, ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FXPCM96FXPCM2007
FSC, DFSA

Regulated

3

Payment systems

NDD, ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A10 %To get this bonus, you just need to open a live trading account by registering with the new cabin.
Rakuten Securities Hong Kong97Rakuten Securities Hong Kong2002
SFC
2
NDD, STP
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
RietumuFX98RietumuFX1992
FCMC
2
NDD
1000 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
TFI Markets99TFI Markets1999
CySEC
3
NDD
50 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Tradealot100Tradealot2010
FCA
5

Payment systems

STP
2000 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
FinmaxFX101FinmaxFX2017
CROFR, VFSC
2

Payment systems

MM
250 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A100 %Follow the link, register, replenish your trading account at least $ 100.
Finam Forex102Finam Forex1994
CBR, NAFD

Regulated

1

Payment systems

NDD, DMA
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
AMP Global103AMP Global2018
CySEC, CFTC

Regulated

3

Payment systems

STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Ingot Brokers104Ingot Brokers2004
ASIC
3
ECN
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Alvexo105Alvexo2014
CySEC, SIBA
3

Payment systems

ECN
0 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
AETOS106AETOS2007
ASIC
5

Payment systems

NDD
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Arum Capital107Arum Capital2017
CySEC
3

Payment systems

ECN, STP
0 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
ATFX108ATFX2015
FCA
8

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Key to Markets109Key to Markets2010
FCA, FSP

Regulated

4

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
Trading.com110Trading.com2018
FCA
3

Payment systems

ECN
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-
ATC Brokers111ATC Brokers2005-5
ECN
2000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-


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We will help you make the right choice with Scalping Forex Brokers

Forex Scalping

Basically, scalping on a short-term basis entails making tens, hundreds or even thousands of trades every day while attempting to scalp tiny profits per trade by utilizing the bid-ask spread. Scalping is effective because the volatility of currency pairs varies with time. What scalpers do in order to generate profits from non-moving pairs is usually to sell them for a profit when they fluctuate in a positive direction. By doing this, the tiny profits add up and eventually accumulate.

There exist both manual and automated system strategies in Forex scalping. In a Manual scalping strategy, a trader has to always be on standby at the computer screen looking out for signals and determine the right trade to make usually whether it is ripe to buy or sell. Automated scalping, on the other hand, is whereby the trader programs software on what signals to look out for and what interpretations to deduce from them.

Over the years, automated scalping has become prevalent because of the rapid growth and development of technology. Today it is preferred by many traders because it is seen as a preferable alternative to involving human psychology in the torturous environment of trading which gives traders a hard time. Manual forex scalping done by individuals has significantly reduced as quant traders have innovated systems which can do thousands of trades every single day, this explains why the era of manual scalping has come to an end.

Forex scalping is a very lucrative especially during periods when the market is highly volatile and when there are special moves. Due to the popularity of scalping, there are usually periodical data releases, for example, the U.S. employment report and Federal Reserve meetings.

There are risks involved in scalping if a trader enters a position where they cannot exit they can be left vulnerable and lose a lot of profits even the principle of their investment. Any experienced scalper can attest to the fact that rushing to scalp after news-breaks, or when the market is experiencing high volatility is similar to collecting coins on a railroad for a living. A determined collector can create a sizable income from this exercise with persistence and patience and takes reasonable risks which could turn out to be very costly if not insulated against. The risk obviously is being run over by the approaching train of market shock and losing all profits or even hope of making them in future. Whether it is a valid negotiation or a compromise depends on the trader’s personality and approach to life generally. The downside is that a scalper cannot utilize “idle volatility”, or the directionless fluctuations commonly found in ranging markets. Since the market is strongly directional, he must find a way of identifying the trend and exploiting it with several small-sized orders

What Markets Favor the scalping Strategy

What is Scalping

Most traders who use the scalping strategy prefer strongly trending forex markets. The rationale behind this approach is that scalpers thrive in volatile markets, markets with high trends cause a lot of volatility creating several trading opportunities. One must keep in mind the fact that while scalping, any little misplaced or miscalculated trade could easily wipe out the gains of tens of successful trades. Above all, a scalper must be consistent more than anything else. Besides discipline in determining trades, when to take profit and stop losses, and also they must be skeptical towards opportunities that arise, all these are important components to consider for one to succeed in this trading strategy. One must ponder on which kind of markets can these strategies be employed in best. The question is whether scalpers would thrive in strongly trending and volatile markets, or relaxed markets where activity is subdued and volatility is low? Obviously, the best conditions would be found in the relaxed market. Here’s why the calm market allows traders to exploit small fluctuations over a period of time with fewer risks and handsome profits. On the other hand, trending markets shift suddenly with ever expanding and contracting spreads, this means exiting a position before it attains full potential can be risky also staying calm and composed is not that easy.

There are several articles online which suggest that scalping is best in strongly trending, liquid, volatile markets, and it is unbelievable that so many traders believe these lies. This attitude can be attributed to the fact that traders who write the articles lack enough experience in scalping or maybe they used the strategy on a trend following scheme. Following the trend is not very useful for novices because they tend to choose the scalping style to make quick profits without having enough information or analysis on how it works.

Advantages of Scalping in Forex Trading with a Scalping Forex company

The main advantage of scalping is that the trade is less susceptible to risk this is because it has less time in one position to be affected since it is easier-to-obtain moves and more opportunities to realize tiny profits. There really are no perfect strategies in trading, most forex trading platforms prohibit scalping and will levy a fee for making above ten trades per day. For this reason, a trader must confirm whether scalping is allowed on the particular platform they’re using.

In scalping in order to realize a maximum profit in the short-term, a substantial amount of capital must be invented. Leverage is necessary to increase profits from even very small price moves. It is crucial to have a strategy of exit in place before proceeding to scalp, this is because it only needs one large loss to eliminate the whole day’s profits. By utilizing a one minute chart a trader can have a better idea of what are the right trades to make and those to avoid.

The biggest advantage that comes with Forex scalping is that the trader can make more money in the shortest time if the trades are successful. A good illustration is if a scalper uses 1 Standard Lot in trading aiming to make 20 trades a day gaining profits of 3 pips for each trade could accumulate $600 a day, or $12,000 a month. If a trader is successful with his scalping strategy then that’s a very good run. There are traders who have multiplied amounts as low as $300 to $32,000 in scalping. However, certain traders are satisfied with “a bird in hand” closing out profits made in minutes, by using large trade volumes and targeting tiny pip profits. Other traders are however nervous and can’t stand the long wait. For one to be successful in scalping they should know when to trade and when not to for better results

Disadvantages of the Scalping Strategy with a Forex broker

It requires high emotional intelligence to make successful trading decisions. For an amateur trader, scalping definitely is not the best trading style. It demands constant presence, concentration and strict observance of its principles. Given that trades are small in size and quick means that the trader must be very methodical about trade sizes.  Trading irregularly makes it difficult to determine the performance of an account and makes it hard to achieve a smooth, regularly rising trading account. A real scalper does not fear the emotional issue, unlike the case with many other types of trading. Because the risk involved per trade is very small, and it is possible to exit a position without much difficulty, the chances of the account being wiped out are significantly after a single trade are low. One of the greatest challenges faced by scalpers is overtrading and agitation.

Scalping is very slow and requires plenty of patience. The trader is required to open many positions in the course of an hour of any given day. Many times the slow accumulation of profits can frustrate a trader. The trader can easily be disillusioned and regret spending much time trying to gain profits from negligible price fluctuations. It may appear as though much effort is being put in yet bearing little fruit. This among other factors may lead to disappointment and cause the trader to be in an agitated state of mind. This is the most dangerous state of mind for any scalper to be in. He must be able to click the right buttons, enter the correct prices, and place the proper decisions throughout the several trading hours of the day. Being uneasy and nervous makes a trader commit blunders that are too costly. Nervousness makes a scalper feel like he’s fighting the markets leading to many unjustified and harmful trading decisions.

A scalper must know the right time to stop and yet if they’re nervous they’ll be unable to decide at the right time. Going on a spree with the belief that the next trade will be the successful one because ‘luck’ can’t go wrong so often” may quickly bankrupt the trader and it is very dangerous with the scalping technique. It is wise to halt scalping activity as a trader if one feels that the emotional burden of it is too much for them at any given moment. One mustn't fight in the market but rather suspend trading for a little while. This compared to losing your wits trying to profit by battling the market is much better than trying to improve by worsening your situation.

What Are The Different Types of Scalping?

The scalping system has been categorized into three different styles which are:

Market Making

This type of scalping is where a trader or an algorithmic / market making machine tries to capitalize on the spreads by buys lower (creating bid prices) and sells higher (creating ask prices). This strategy is only available for large-scale retail traders.

Manual Buy & Sell FX Trading

This is the traditional style of buy and sell where the trader purchases huge quantities of currencies which he proceeds to sell for gain on the small price movement.Usually, the trader enters a large volume position and waits for a change in the move. Manual buy and sell require high liquidity in order to be able to quickly enter and leave the market with ease.

Automated FX Trading

This third style is based on using forex algorithms and high-frequency trading systems or scalping expert advisors. Today it is possible to code an automated trading strategy (expert advisor) as they are called in the MetaTrader  4 platform. By using the MQL language (which is the programming language of the MetaTrader 4 trading platform. However, when using more advanced trading platforms, higher coding skills are required. This especially in case one wants to create forex algorithms of high-frequency trading systems.

Scalping techniques have gained popularity in the forex trading world and there are several traders who are employing this strategy and making neat profits. Having considered the pros and cons attributed to it any trader looking to make some profits should try it out well aware of the risks involved. The forex business is all about knowing when to and when not to risk.