Best broker for scalping?

I’ve been trading for over a couple of years, and from my experience with brokers such as Fx, Skilling, and FP Markets are few brokers I personally find good.

Spreads are tighter, averaging 0.3 in most trades, and commission costs are around $7 in skilling and FX and $6 per turn lot in FP Markets, which is suitable for scalping.

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My broker charges $8 per turn lot. They say if I trade over billion per month, it will go down to $3 but can’t imagine trading BILLION. :sweat_smile:

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It’s too much, some brokers like Hotforex or Tickmill charge 4USD/lot without any discounts, you should definitely check if you look for low cost brokers.

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It seems neither of them operates in US. To get the good deal, I should become an expat? Hmm :face_with_monocle:

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I’m trying my luck with Oanda. It’s either them, Trading.com, IG, Forex.com, Oanda and I think TDA. And Oanda has integration with TradingView which I use.

And they’ve got a winter bonus for new clients! Deposit at least $250 they give you $250. I mean free money!

not much of a scalper here, but i guess your best option if creating a short list of brokers and comparing spread prices (I almost said thread) and of course your usual reputation and execution etc. make sure they regulated and best of luck

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You in the US?

Yea I like the regulation but then don’tike the regulation.

Seems like US traders are missing out. Are you trading in the US? How’s your broker?

No bro but I use offshore brokers like Hotforex because they are more flexible.

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Are you trading full lots?

I remember a full lot should have $6 or $8 commission per full lot trading.

I am using EXNESS now, the standard account EURUSD is about 10 US dollars, the rebate is about 3.5 US dollars, and the cost is about 6.5 US dollars, but when it is registered, the identity ID cannot be a U.S. citizen

any good broker without kyc for scalping? thanks.

Trading with brokers that don’t require KYC may seem like a more hassle-free option, but it’s not always the best idea. The thing is, without proper verification of customers, there’s a higher risk of illegal activities such as fraud and money laundering. On the other hand, regulated brokers that follow KYC and other regulations can offer traders greater protection and peace of mind. So, it’s generally not a good idea to trade with brokers that don’t require KYC.

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Yea man, I tend to agree. Don’t work the shady guys unless you really want your funds to go bye bye. I mean no KYC probably means there are other regulations not being followed.

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For scalping, I always suggest using any ECN-regulated broker because their spreads and commission costs are lower and suitable for scalping.

For example, if I use FP Markets ECN account, the spreads average around 0.1–0.3 pips, and the commission cost per round lot is $6, which is lower when compared to most similar ECN brokers.

that depends whether you want to scalp the market or the “broker”, doesn’t it? :laughing:

you can decide for yourself how long you’ll last if you’re actually scalping the “broker” rather than the market

you could also decide for yourself whether there’s actually any such thing as a “good” broker without kyc at all (except you have apparently already done so: it’s just that nobody who has ever had any experience at all of working in the industry would ever possibly agree with what you’ve decided, on that point :thinking: )

Scalping is indeed very risky and it is very true that the right broker is not just the only way to succeed. First it is obvious that we have to be very capable of getting results, and then only the broker matters. I have traded and trading with many brokers, such as Exness, FreshForex, OctaFX and most recently, FXOpulence, it is these brokers that makes me feel comfortable with scalping.

Why, because you work for them? Just wondering. Why those two?

Still with scalping you have to do a lot of trades so realizing same profit from one big investment trade could take same or even longer time. So it may not be an obvious choice between scalping and swing trading.