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Scalping Forex Brokers 2018 : Best Forex Brokers That Allow Scalping

Scalping is a feature that many forex traders of today provide. So what is scalping? It is basically a trading style wherein the trader looks forward to making small profits, say between 2-5 pips. These trade moves are usually carried out within a minute and can be repeated over and over again.
In trading circles, scalping is also known as churning or snipping. Forex brokers allow traders carrying out scalping to hold their positions for a few seconds, whilst using stop-loss orders on them in a tight way. There are also brokers that allow scalping but impose conditions with regard to trade number limits, spread limits, or imposing additional commissions.
However, it has to be understood that not all forex brokers permit scalping. You need to compare forex brokers on all accounts before you select them for scalping. 
Here are some of the best scalping forex brokers available on the market today:

1. HotForex
If there is one forex broker in the industry that cares for its customers and listens to their voice, then it has to be HotForex. If you were to check its website, you will be aware that it has a plethora of product offerings and options available to all types of traders. Besides forex, HotForex lets traders go about trading in CFDs, indices, and commodities. The broker is regulated by CySEC in Cyprus and FSC in Mauritius. While you can open a Micro account with HotForex for as little as $5, the options go up to Premium and VIP account with $40, 000 and above. Being a leading STP broker, HotForex has opened up its liquidity for all kinds of traders, including automated traders and scalpers.

2. XM
XM is a Cyprus-based forex broker that has been able to make its own mark in the industry within two years of its existence. Launched in 2011, XM’s soaring popularity can be attributed to its no hidden commissions or fees, no rejections of orders, and no re-quotes. XM is also known for providing real-time markets execution. In fact, they have a track record of executing 99.35 percent of orders within a second. What’s more, XM provides 24/5 support services through Personal Account managers.

3. Easy Markets
There has been an immense amount of competition brewing in the forex trading industry in the past few years. While some of the players have stepped up the mark, others have been found lagging behind. Falling into the former category, East Markets began its journey on 2001 when it was known as Easy Forex. However, it got its current name only in 2015. In a short span of time, it has been in business, Easy Markets has been able to amass trading volume in excess of $1.5 trillion and has over 100,000 active traders on its platform. In addition to providing options to trade in Forex, you can also trade in vanilla options, indices, commodities, and CFDs in metals.

4. FXTM
FXTM, also known as ForexTime, is an award-winning broker that has been known for providing quality and reliable online trading services for CFDs on indices, Forex, Spot Metals, Futures, Commodities, and Shares. They also have an investment program wherein anyone interested in forex can invest, though they have no experience in it at all. Both retail and institutional clients of FXTM can look forward to receiving highest levels of security while trading with them. Furthermore, they have tight spreads that start from 0.1 pips and leverage up to 1:1000.

5. AvaTrade
With its offices spread across major cities like Sydney, New York, Tokyo, Milan, and Dublin, AvaTrade has firmly established itself as a major forex broking partner for many. This forex broker was established in 2006 and is licensed by ASIC in Australia, MiFid in the European Union, and FSC in Japan. Whilst offering both variable and fixed spreads, AvaTrade requires you to make a small initial deposit of $100. Currently, it offers CFD trading on stocks, indices, and commodities. There are plenty of benefits one can look forward in choosing to trade with AvaTrade. One such benefit is the ability to use auto-trading tools. Using these auto-trading features, it is possible for traders to make the best of the opportunities available in the forex market.

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RISK:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

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