Best Forex Broker for Scalping

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IG Group is the best forex broker for scalping due to their competitive spreads, fast execution speeds, and excellent customer service. They also offer a wide range of trading instruments and advanced trading platforms which are particularly well-suited for scalping strategies.

In the fast-paced world of forex scalping, signing up with the right broker could make all the difference between success and failure. The best brokers for scalping forex offers lightning-fast execution, tight spreads and advanced tools to help you make the most of every opportunity. 

In this article, Benzinga delves into the key factors that make a broker stand out for forex scalping and reveals the top choice that has consistently proven to be the ideal partner for traders in this high-stakes game. 

Quick Look: Best Broker for Scalping Forex

  • Best Overall for U.S. Traders: IG Markets
  • Best for Access to a Wide Range of Trading Tools: FOREX.com
  • Best for Fast Order Execution: XM
  • Best for a Dedicated Trading Platform: IFC Markets
  • Best for Low Latency Trading: Pepperstone
  • Best for Scalpers Focused on a Tight Spread: Tickmill

Disclosure: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers for Scalping

While scalping is a popular trading strategy, not all brokers offer it. Let’s look at the top six best forex brokers for scalping that have proven themselves to be the best choices for scalpers.

1. Best Overall for U.S. Traders: IG Markets

  • securely through IG Markets’s website

    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

IG Group is a renowned forex broker with over 40 years of experience in the industry. It offers a comprehensive trading platform with an extensive range of markets, allowing scalpers to diversify their trading strategies.

IG Group is considered one of the best scalping brokers due to their tight spreads, fast execution speeds, and advanced trading platforms that are well-suited for short-term trading strategies like scalping. Additionally, IG Group offers a wide range of forex pairs and CFDs to trade, providing ample opportunities for scalpers to take advantage of market fluctuations.

  • Access to over 19,000 markets, including forex, indices, commodities and cryptocurrencies
  • Tight spreads and low commissions
  • Advanced charting and trading tools 
  • Highly regulated by several authorities
  • Intuitive, easy-to-use interface
  • Limited customer support
  • Inactivity fees 

2. Best for Access to a Wide Range of Trading Tools: FOREX.com

  • securely through Forex.com NON US’s website

    Best For:

    Forex Trading in and Outside the U.S.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FOREX.com is one of the industry’s largest and most reputable forex scalping brokers. A global presence and user-friendly platform offer scalpers access to numerous currency pairs and a wealth of trading tools.

  • Tight spreads for major currency pairs
  • Fast trade execution to ensure scalpers can capitalize on short-term market fluctuations
  • A wide range of trading tools, including advanced charting and technical indicators
  • Highly regulated
  • Excellent customer support available 24/7

3. Best for Fast Order Execution: XM

  • securely through XM Group’s website

    Best For:

    Beginner forex and CFD traders

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XM is a popular forex broker known for its flexible account options and excellent trading conditions. With a wide range of instruments available and a commitment to customer satisfaction, XM is an ideal choice for scalpers of all experience levels.

  • Ultra-low spreads starting from 0 pips on major currency pairs
  • Fast order execution with no requotes
  • Multiple account types, including Micro, Standard, shares and XM Zero
  • Access to MetaTrader 4 and 5 platforms, along with mobile trading options
  • Extensive educational resources and webinars for traders of all skill levels
  • No proprietary trading platform available
  • Limited product offering
  • Inactivity fee

4. Best Dedicated Forex Trading Platform: IFC Markets

  • securely through IFC Markets’s website

    Best For:

    Best for Leverage Trading with Many Instruments

IFC Markets is a globally recognized broker that provides access to a wide array of trading instruments and offers a proprietary trading platform, NetTradeX. This platform is specifically designed to cater to the needs of various trading strategies, including scalping.

  • Offers over 600 trading instruments, including currency pairs, commodities, indices and stocks
  • Proprietary trading platform, NetTradeX, alongside support for MetaTrader 4 and 5
  • Competitive spreads and flexible leverage options to suit different trading styles
  • Advanced analytics and trading tools 
  • Not accessible to traders in the U.S.
  • Underregulated

5. Best for Low Latency Trading: Pepperstone

  • securely through Pepperstone FX’s website

    Best For:

    Trading Experience

    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Pepperstone is an Australian-based forex broker known for its commitment to providing excellent trading conditions and cutting-edge technology. It offers a range of advanced platforms and tools, ensuring a seamless experience for scalpers.

  • Razor-sharp spreads starting from 0.0 pips on major currency pairs
  • Fast and reliable order execution with low latency
  • Access to multiple trading platforms, including MetaTrader 4, MetaTrader 5 and cTrader
  • No dealing desk (NDD) execution, ensuring minimal interference with trades
  • Excellent customer support and a strong focus on trader education
  • Limited range of trading instruments
  • Does not accept clients from the United States

6. Best for Scalpers Focused on Tight Spreads: Tickmill

Tickmill is a forex broker notable for its commitment to transparency and competitive trading conditions. With an array of advanced tools and platforms and fast execution time, it offers an optimal environment for scalpers to thrive.

  • Tight spreads starting from 0.0 pips on major currency pairs
  • Fast execution with an average speed of 0.20 seconds per trade
  • Access to MetaTrader 4 platform and a variety of trading tools
  • No requotes or dealing desk interference
  • Strong regulatory framework
  • Limited trading instruments 
  • No proprietary trading platform available
  • Customer support not available 24/7

What is Scalping in Forex?

Scalping in forex is a short-term trading strategy that involves entering and exiting trades quickly to capture small price movements. The primary objective of scalping is to accumulate profits through a high volume of trades, each generating a relatively small profit. Forex scalpers typically hold positions for a few seconds to a few minutes, making numerous trades per day.

Scalpers rely on tight spreads and fast execution speeds, as these factors directly impact their trading costs and ability to react to rapid market fluctuations. To be successful, scalpers need to have a strong understanding of technical analysis, risk management and market psychology. They also require discipline and the ability to make quick decisions under pressure.

Given the high frequency of trades and the need for fast execution, scalpers use advanced trading platforms with sophisticated tools and real-time data. Some traders use algorithmic or automated trading systems to execute scalping strategies more efficiently.

What is a Forex Broker for Scalping?

A forex broker for scalping is a brokerage firm that caters specifically to the needs of traders who employ the scalping strategy in the forex market. These brokers provide trading conditions, platforms and features optimized for short-term, high-frequency trading, enabling scalpers to maximize their profits and manage risk effectively.

Key characteristics of a forex scalping broker include:

  • Tight spreads: Scalpers rely on low spreads, as the cost of trading directly affects their profitability — brokers for scalping offer competitive spreads, especially on major currency pairs.
  • Fast execution: Scalpers must enter and exit trades quickly to capitalize on small price movements. A broker for scalping ensures fast and reliable order execution with minimal slippage.
  • Advanced trading platforms: Scalping requires real-time data, advanced charting and technical analysis tools. Brokers for scalping offer powerful trading platforms, such as MetaTrader 4 or 5, with a wide range of tools and features.
  • No dealing desk execution: To ensure fair trading conditions, brokers for scalping often provide NDD execution, which minimizes interference and potential conflicts of interest.
  • Scalping-friendly policies: Some brokers may have restrictions on scalping, such as minimum holding times for trades. A forex broker for scalping allows traders to use scalping strategies without limitations.

Choosing the Right Broker for Success

Choosing the right forex broker is crucial for succeeding with forex scalping — the best brokers for scalping offer tight spreads, fast execution, advanced trading platforms and scalping-friendly policies. By carefully researching and comparing the available options, you can find a broker that aligns with your scalping strategy and helps you maximize your profit potential in the fast-paced world of forex trading.

Frequently Asked Questions 

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Yes, scalping is allowed in forex. But some brokers or trading platforms may have restrictions or policies against scalping.

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Forex.com, IG and IFC markets are considered some of the best brokers for scalping.

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Yes, scalping forex can be profitable, but it depends on the trader’s skill, experience and risk management.

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