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Brokers for scalping | Forex brokers that allow scalping




What is scalping?

Scalping - (also known as "snipping", "churning") - is a fast-paced trading style where a trader seeks very small profits (usually 2-5 pips) by repeatedly opening & closing trades, which usually last less than a minute.

Forex brokers that allow scalping with no known restrictions

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Broker discussion area

BrokerGuru

October 14, 2009

Thank you,
it's been listed.

trader

October 19, 2009

AvaFX does not allow scalping. They just say they do - they told me personally over the phone.
I deposited 500$ and when wanted to withdraw my 4500$ profit they said my account is illegal and they will give me back only my deposit money.
They said that all of my trades were opened at a time that I shouldn't have trade in.

BrokerGuru

October 19, 2009

I see, that's very disappointing.
Thank you for letting us know, AvaFx has been moved to non-scalping brokers list.


trader

November 20, 2009

BrokerGuru, "FIGfx" : they widen the spread if you are a scalper. Pending Order 10 pips, Stop Loss, Take Profit minimum 10 pip, holding position minimum 1 minute. How to do scalping?

BrokerGuru

November 20, 2009

Well, here is their latest policy on scalping, quote: "FIGfx accepts scalpers and scalping as a trading strategy.You can use scalping as a trading strategy with no restrictions of any kind, you are most welcome to scalp with FIGfx."
Link: http://www.figfx.com/forex-trading/scalping-policies

trader

November 21, 2009

BrokerGuru. well about FigFX. There is another link but in indonesia language check it out the link below . I have email to them and this is reply i got from them.
" Sir, please check: http://www.figfx-indonesia.com/instrumen-trading.php
10 is the default, 5 was an offer for a limited time only. "

According to the web site Line " No.10 - Allowed Scalping - * Hold Posisi (posisi yang terbuka sebelum di likuid/open posisi lagi) minimum 1 menit dan close +/- lebih besar sama dengan 4 pip" mean hold position minimum 1 minutes / close position above 4 pips. & no. 14 - Pending Order 10 pip, Stop Loss and Take Profit minimum 10 pip. so which is true????


BrokerGuru

November 22, 2009

FIGFX Indonesia - is it the same broker as FIGfx? Or are they working together?
If so, then I'm not sure which Scalping policy is true. Do english speaking clients and indonesian clients get separate trading environments..? I'm as clueless as you right now and I think we should ask for clarification from a broker.
I'd be grateful if you can do so since you can understand both languages.

trader

November 24, 2009

FIGFX Indonesia is IB to FIGfx. I have try the demo account. Yup it is truth as stated in the FIGFX indonesia web site scalping policy. So, FIGFX impose restriction on scalping activity if you are scalper.

trader

November 24, 2009

Go markets allow scalping and have no problems with the price feed

BrokerGuru

November 25, 2009

Thank you, listed them.

trader

November 27, 2009

BrokerGuru, can you list scam broker?

BrokerGuru

November 29, 2009

I can, but I don't think I should.
I think every trade after reading reviews online can clearly name all scam brokers, they are already labeled with a Scam label, so no need to go an extra mile to find them.
What I don't want to do is to add my own label to it. I believe I don't have rights to do so unless I trade with a scam broker and get scammed... which will never happen, because I'm not willing to give my money to such brokers, sorry.



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