Forex brokers that allow scalping with no known restrictions
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To find out go to Advanced Broker Search and select an option: "Scalpers welcome".
Forex brokers that control scalping and apply restrictions based on scalping activity
ActivTrades - micro-lot trading service may not be compatible with all scalping techniques, and may therefore be temporarily or permanently removed from the concerned accounts after proper notification. Scalpers are welcome to trade on Interbank accounts.
AL Trade - we consider scalpers somebody who systematically pip hunts below 2-5 pips on average. Since it is difficult to cover such positions in the market, we would need to increase the spreads or apply trading limits for clients with permanent scalping strategies. Accordingly spread and order levels will be increased on your trading account according to Article 3.5 of AL Trade Customer Agreement Annex B.
FIBO Group - allows the use of scalping, unless your strategy does not breach trading rules of the company.
Finotec Trading Inc - scalping is possible, but not entirely tolerated.
FXOpen - you can scalp but most of your positions should open for at least 1 minute.
Interbank FX (IBFX) - will notify a trader if scalping went too far.
InvestTechFX - Scalping account available for day trader with high level of activities and above monthly customers average trading. Minimum Fee of $10 per Lot applies.
C.I.M. Banque - we have no problem with scalpers as we do have a huge liquidity. However, above a "5 million transaction", we would prefer to talk to you before to understand exactly how you work.
CMC Markets - don't totally restricts, but actively discourages scalping.
Easy-Forex - Time limit for closing positions is 30 seconds.
Forex Club Financial Company - scalpers requesting many of quotes without executions will be put you on the bottom of the list and receive lesser priority.
FX|Clearing - scalping is allowed only on Micro-cents accounts.
GFT - Global Forex Trading - claim to allow scalping, but also according to traders' feedback, GFT could arbitrarily put you on dealer execution with no warning.
HY Markets - scalping is allowed but it is monitored.
LiteForex - Brief trades (less then 2 minutes), including lock trades may be declared invalid should it be obvious they are unlawful. It means that most part (>50%) deal's duration of your orders should be more then 2 minutes.
Mandus Invest SA - accepts scalpers, but as it is difficult to cover such positions in the market, Mandus Invest SA will increase the spreads for clients with scalping strategies.
Marketiva - the maximum number of short-term positions (shorter than 5 minutes) a trader can have in a 4-hour period is 10. If a trader closes more than 50 short-term positions or more than 200 total positions in 7 consecutive days, the trader's account will be temporarily prevented from sending new orders into the market.
PFGFX - Pro Finance Group - You may get the requotes when scalping.
Prime4x - scalping is allowed only when the market obligate you to do so, but it shouldn't be your trading strategy.
Real Trade - Market orders closed in a 60 second period (or before the 5th tick) from the moment of opening an order are subject to cancellation. Orders longer that 1 minute are fine.
Windsor Brokers - at Windsor we tend to give our client to use the trading strategies that suits their need and if the client trading strategies is considered inappropriate our unprofessional the client is officially advised before taking any action concerning his account.
XForex - There must be at-least 1 pro-mile difference between stop loss and profit target to the current market rate. 2 minutes must pass before trader can close deal.
1pipfix - The clearing department determines whether a scalping fee is incurred based on several variables. The charge is $10 per lot.
Forex brokers that don't allow scalping
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Do you know another Forex broker that allows scalping?
Please suggest by adding a comment below.
A Forex broker
December 16, 2008well - this list is not at all true.
Most of them will let you lose or simply not close your positions. Scalping is no option for a retail broker. Just a fact. And the millions of sclapers simply get one result: they lose.
A Forex broker
BrokerGuru
December 16, 2008Agree with you. Most of the Forex brokers who operate as market makers would have difficulties with filling and closing orders which last less than a minute or so, since they would have not enough time to hedge those orders inside their system. As a result - re-quotes, prevented from closing trades, traders put on manual execution etc.
However, we try to be unbiased. The list of brokers who allow scalping is simple: it tells what Forex brokers tell traders. If they claim to allow scalping - so is written on the list.
I suggest we hear about real feedback from Forex traders: what broker they tried to scalp with and how well it went.
Conditions vary form broker to broker, but aggressive scalpers should only be looking for STP/ESN brokers.
We invite everyone to talk about real scalping experience with different brokers to find out who is the best scalping broker.
trader
December 19, 2008Yes, why not, here it goes:
IBFX - traders would have difficulties scalping with them: quite long and frequent re-quotes, plus forget trading during news!
A position can stuck for minutes during volatile market, and even if you click "accept re-quote", you're given no green light, but another re-quote.
Plus it takes some good portion of time for a new trade to be accepted. On top of that you've got MT4 platform, where you can't deal with a single click, but have to go through few windows before you're set.
Conclusion: passive cautious scalping avoiding news at all cost - may be yes, aggressive scalping - no.
BrokerGuru
December 21, 2008Thanks to our contributors, CMS Forex has been moved into non-scalping brokers group.
We appreciate everyone's help!
trader
December 26, 2008FXCBS allows scalping for institutional accounts.
trader
December 27, 2008ALPARI don't like scalping and hedge ea:s they simply slow you execution time so you cant do it.
trader
December 29, 2008What about ForexGen NDD acount - here they allow scalping - but they reputation is not good - maybe someone was tried tade with them on this account?
trader
January 6, 2009GFT - Global Forex Trading
will arbitrarily put you on dealer execution with no warning
BrokerGuru
January 7, 2009Thank you for the useful input!
GFT is moved to the Controlled Scalping group.
trader
January 8, 2009There are forex brokers who use dealing desk software. This would allow them to automatically counter scalping trades.
trader
January 16, 2009ODL does not allow scalping and will not hesitate close your account
trader
January 27, 2009EMPFX has no problem with scalping now
spoke with them recently.
demo is slow so do not expect to scape as easy in live
+++
EMPFX
this is an updated comment;
turns out that EMPFX does not like traders that only scalp!
they send a notice first, then widen the spreads
they would not provide information about what they consider scalping
this contrary to what the said to me on the phone
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