Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Best Scalping Forex Brokers

Scalping is a fast-paced trading strategy where traders make a large number of quick trades to take advantage of small price changes. It’s typically used by experienced traders who are comfortable making fast decisions and monitoring the market closely. To make scalping work, traders need brokers that offer low latency execution, little to no slippage, and tight spreads. The following are our top picks for brokers that allow scalping.

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1NordFX trustedBonusNETELLER Promotion by NordFXAutomated Crypto WithdrawalsRating 4.8 / 5
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MT4 & MT5 PlatformsUp to 1:1000 LeverageFrom $10 Minimum DepositTrading Since 2008Read review
Pros

  • Regulated by multiple authorities

  • Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil

  • Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web

Cons

  • Limited educational resources for beginners

  • Limited research tools

  • Limited customer support options compared to some other brokers

Withdrawal fee $0Deposit fee $0Max leverage 1:1000Min deposit $10Top Regulators FSRAAdd to compare list
2XM trustedBonusUnlimited Cashback on all assets by XMBest For Low Trading CostsRating 4.8 / 5
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Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • Multi-Regulated Broker: XM has multiple regulations including CySEC (Cyprus), FSC (Belize and Mauritius), FSA (Seychelles), and DFSA (Dubai).

  • Variety of Bonuses: The broker offers an extensive range of bonuses including welcome, no-deposit, and seasonal offers that can boost capital and allow profit withdrawal.

  • Consistent High Leverage and Low Spreads: The company offers consistently low spreads and a high leverage even during volatile market conditions.

Cons

  • Not Available in the US: XM does not accept clients from the US. For traders based in restricted regions, it is best to look for other options.

  • Offerings May Differ Based on Location: Payment methods, trading strategies, and bonuses may vary depending on your location.

  • Inactivity Fees: XM charges a dormant fee when your account stays dormant for consecutive 90 days. You are charged an inactivity fee of $10 per month.

Withdrawal fee $0Deposit fee $0Max leverage 1:1000Min deposit $5Top Regulators CySEC, FSCA, DFSAAdd to compare list
3FxGlory trustedBonusEarn Rebates on Every Trade with Topbrokers and FxGloryBest LeverageRating 4.8 / 5
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24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

Withdrawal fee $0Deposit fee $0Max leverage 1:3000Min deposit $1Top Regulators NoAdd to compare list
4Libertex (Europe) trusted Investor protectionVery Low CommissionsRating 4.7 / 5
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Affiliate ProgramVery Low CommissionsProprietory Trading PlatformReal Stock OptionsRead review
Pros

  • Highly Regulated Broker: Libertex is regulated by CySEC, and has been operating for over a decade making it one of the reputable names in the brokerage space.

  • Extensive Range of Underlying Assets: Wide range of CFDs (1000+ across all major markets) plus real stock investment.

  • Major and Proprietary Trading Platforms: You can access popular trading platforms like MT4 and MT5. In addition, you can also trade with the company’s proprietary trading platform.

Cons

  • Leverage Capped at up to 1: 30 for Retail Clients: Retail leverage is capped at 1:30 because of CySEC regulation.

  • No Islamic (Swap-Free) Account: The broker does not offer Swap-Free/Islamic accounts. You can explore other brokers who offer swap-free trading on TopBrokers.

  • Limited Availability: Only clients from EEA Area and Switzerland are accepted.

Withdrawal fee Low (depends on platform)Deposit fee €0Max leverage 1:30Min deposit €100Top Regulators YesAdd to compare list
5Libertex trusted Investor protectionBonusWelcome Bonus Program by LibertexVery low commissionsRating 4.7 / 5
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Specialized trading accounts24/7 instant money withdrawalProprietary platformMobile tradingRead review
Pros

  • Lack of Investor Protection Features: Libertex offers much higher leverage than most brokers. Retail traders can enjoy leverage up to 1:999 on CFD trades, enabling traders to control much bigger positions for their investments.

  • Extensive Range of Tradable Instruments and Stocks: Libertex provides access to 250+ CFDs across forex, commodities, indices, metals, energies, cryptocurrencies, ETFs, and bonds. Uniquely, the broker also allows investing in real stocks with over 300 stocks.

  • Major and Proprietary Trading Platforms: You can access popular trading platforms like MT4 and MT5. In addition, you can also trade with the company’s proprietary trading platform.

Cons

  • Offshore Regulatory Status: Libertex.org is not regulated by top-tier authorities like CySEC or FCA. Instead, it operates under offshore jurisdictions (St. Vincent & the Grenadines and Mauritius).

  • Lack of Investor Protection Features: Being offshore regulated, Libertex does not offer security features like investor protection schemes that brokers with a tier-1 regulation offer.

  • No Islamic (Swap-Free) Accounts: The broker does not offer Islamic accounts for interest-free trading. All accounts incur overnight swap charges on CFD positions.

Withdrawal fee $0Deposit fee $0Max leverage 1:600 Min deposit €100Top Regulators CySECAdd to compare list
6Alpari trustedBonusExtra Rewards & Promotions by AlpariBest MT5 BrokerRating 4.7 / 5
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Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • Competitive Spreads

  • Comprehensive Educational Resources

  • Robust Customer Support

Cons

  • Limited Deposit and Withdrawal Options

  • Occasional Platform Glitches

  • Limited Regulatory Oversight in Certain Regions

Withdrawal fee $0Deposit fee $0Max leverage 1:1000Min deposit $5Top Regulators NoAdd to compare list
7PU Prime trusted Investor protectionBonusUp to $50 Free VPS Refund by PU Prime100% of Your Deposit Matched in Bonus CreditRating 4.6 / 5
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24/7 Multilingual Customer ServiceProprietary Copy Trading AppRead review
Pros

  • Wide Range of Account Types: PU Prime provides a variety of account types designed to suit different trading styles and experience levels, from beginners to advanced traders.

  • Great Leverage: Control larger positions using minimal capital, thanks to leverage of up to 1:1000. This allows you to maximize opportunities in the market but remember, while higher leverage can enhance potential gains, it also increases risk.

  • 24/7 Multi Channel Support: Round-the-clock assistance is provided by PU Prime through multiple channels, including live chat, email, and phone support. Services are offered in 18 languages, ensuring accessibility for a diverse range of traders.

Cons

  • Slightly Higher Spreads: For no-commission accounts, spreads starting at 1.3 pips are slightly higher than the industry average.

  • High Minimum Deposit: High minimum deposit for the low-spread and commission-based accounts

  • No EU Regulations: Despite being regulated by 4 authorities, including top-tier ASIC, the broker does not offer dedicated EU regulation for European clients.

Withdrawal fee $0Deposit fee $0Max leverage 1:1000Min deposit $20Top Regulators YesAdd to compare list
8AXITrader trustedBonusFunding & Profit Sharing by AxiTraderBest For Instant Trade ExecutionRating 4.5 / 5
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24/7 instant money withdrawalFree VPS hostingSpecialized trading accountsRead review
Pros

  • No obligation demo accounts with US$50,000 of virtual funds to practice with

  • 24/5 Customer support available

  • Multilingual support in 14 languages

Cons

  • Limited trading platform options

  • Limited trading instruments

  • Only forex and CFD trading

Top Regulators ASICAdd to compare list
9Neomarkets trustedBonus25% Deposit Bonus by NeomarketsBest Execution On TransactionsRating 4.5 / 5
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24/7 instant money withdrawalAffiliate ProgramRead review
Pros

  • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

  • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

  • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

Cons

  • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

  • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

  • NeoMarkets' website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.

Withdrawal fee $0 (conditions apply)Deposit fee $0Max leverage 1:500Min deposit $20Top Regulators FIUAdd to compare list
10ActivTrades trustedBonusUp to $500 Refer a Friend Reward by ActivTradesBest For Instrument Specific InsightsRating 4.5 / 5
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Specialized trading accountsRead review
Pros

  • Solid Regulatory Oversight

  • Fast Execution Speeds

  • Innovative Trading Tools

Cons

  • Limited Asset Range

  • Commissions and Fees

  • Mixed Customer Support Reviews

Withdrawal fee 0$Deposit fee 0$Max leverage 1:400 (1:30 for EU)Min deposit 0$Top Regulators FCAAdd to compare list

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