Forex scalping involves opening and closing the same trading position within just a matter of seconds or a few minutes at most.
Scalpers typically make their trading decisions based on short-term currency charts such as the 1 min or 5 min charts and do need really tight spreads and fast order execution to improve chances of trading success.
What follows is a list of brokers that allow forex scalping with low spreads, rapid order execution and good reputation among scalpers.
XM allows forex scalping anf provides DMA/STP market execution on all trading accounts (Micro, Standard, Executive). Minimum deposit required to open a STP Micro account: $5.
Hotforex provides DMA/STP market execution on all trading accounts (Micro, Premium, VIP, Islamic, Currenex). Minimum deposit required to open a STP Micro account: $5. No restrictions on forex scalping techniques.
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Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.