This might sound dumb but my sister just told me that the authorities might kick my door off if I scalp the forex market. Is this true?
I’m doubt it’s illegal :eek: but I do know some brokers take a stand against scalpers. It’s best to ask the broker.
I’ve asked AlpariUK about scalping and they say they don’t allow it in EXCESS. Meaning a high percentage of trades cannot be scalps otherwise they will take further action (do not know what this could be though).
Let’s see what other forum members say about this also as I’m interested in knowing more about it too.
I once asked IBFX if they allowed scalping and the use of EAs such as fapturb since I had gotten that EA to test out. They said that they do allow it. some brokers don’t allow it though. and definately not illegal, you won’t get arrested for it.
Illegal? No way.
Slow order execution, re-quotes, put you on the dealer desk so a physical person needs to vet your trades.
Basically slow you down, which for the scalper is the ultimate no-no.
Well, the scalping that is illegal involves a knife and a head of hair, but I doubt that is what you meant. A lot of brokers used tricks like above to make scalping short time frames really difficult. Spreads magically increased from 2 pips to 7 during FAP turbo scalping hours making the program useless on many brokers, irregardless of its ability to guess the market.
My sister is dumb anyway. I knew it weren’t illegal, I think she’s just trying to scare me. Thanks guys 
Just keep the webcam on your computer off and you should be ok:p