Best Forex Brokers in UAE for Scalping 2023 (UPDATED)

Page Summary

Scalping is a popular forex trading strategy in UAE because of its high profitability, independency of market trends and automatisation options. It is a trading style where traders open and close multiple positions in a short period of time. Due to the variety of brokers offering different trading tools for scalping, it can be tough to find the best forex broker for their needs.

To guide users through the selection process, we have evaluated and compared different providers and their services to create a list of top choices. Whether you are searching for a direct-access broker or a trading platform with live-feed access, our analysis considers criteria including trading platforms and features, availability of forex pairs, regulation & reputation, reliability of trade execution, maximum leverage, customer support and islamic account availability.

This guide assesses 32 online brokers allowing scalping. It helps users to evaluate and compare the best options for their trading goals by providing a list of the best forex brokers in UAE for scalping.

Best Forex Brokers in United Arab Emirates for Scalping

  1. IC Markets – Best Forex Broker in UAE for Scalping Overall
  2. AVAtrade – Top Forex Broker for Beginner Scalpers
  3. Capital.com – Ideal Broker for Algorithmic Trading
  4. FP Markets – Top Broker For Low Trading Fees
  5. XM – Great Broker for Research and Education

5 Top Forex Brokers in UAE for Scalping Reviewed

The best forex brokers in the UAE for scalping are reviewed below, including their pros, cons, and key takeaways.

1. IC Markets – Best Forex Broker in UAE for Scalping Overall

IC Markets logo

Rating: 4,5/5

Min Deposit: $200

Fees: 4.7

Assets available: 3.6

Total Fees:

Open account Read review

73.59% of retail CFD accounts lose money

With low spreads starting at 0,0 pips (EUR/USD), leverage of up to 500:1, and access to micro-lot trading, IC Markets is the most suited forex broker in UAE for scalping. Traders additionally have access to a free Equinix NY4 VPS Server, providing low latency and lightning-fast order execution speeds (under 40ms) which is great for scalpers.

IC Markets Spreads and Commissions

With spreads starting at 0,0 pips (EUR/USD) on Raw Spread accounts and low fixed commissions of $3,50 per side per lot, IC Markets has the lowest forex trading fees in the industry.

IC Markets Scalping Account Types

IC Markets users can choose between 3 different account types: the Standard Account, MetaTrader Raw Spread Account, and cTrader Raw Spread Account. Each account type has a free demo and Islamic account versions.

The most suited accounts for scalper are:

  • MetaTrader Raw Spread Account – is the standard MetaTrader account offers low, competitive spreads starting at 0,0 pips (EUR/USD) with a $3,50 per side per lot commission and up to 500:1 leverage.
  • cTrader Raw Spread Account – is the standard cTrader trading account with spreads starting at 0,0 pips (EUR/USD) plus a fixed commission of $3,00 per lot. It  is more suited for scalpers that want to use layer two pricing data, detailed charting, and complex indicators.

IC Markets Account Types and Features

Features Standard Raw Spread Raw Spread cTrader Islamic 
Minimum Deposit $200 $200 $200 $200
Spreads 0,6 pips, $0 commission 0,0 pips, $3,50 commission 0,0 pips, $3 commission 0,0 pips, $3,50 commission
Swaps Yes Yes Yes No
Max. Leverage 500:1 500:1 500:1 500:1

The minimum deposit required to open a live trading account at IC Markets is $200. Withdrawals and deposits are free of charge, and funding methods include credit cards, wire transfers, or e-wallets like PayPal, Neteller, and Skrill.

IC Markets Forex Currency Pairs

IC Markets allows users to trade on 4,500 financial instruments including 61 forex CFDs.

IC Markets Trading Platforms and Scalping Features

IC Markets list of trading platforms include a proprietary web trading software for desktop and mobile devices (WebTrader), third-party trading platforms (MetaTrader 4, MetaTrader 5, cTrader), and automated trading extensions (Myfxbook AutoTrade and ZuluTrade).

The platform’s setup offers great support for scalpers offering the lowest spreads in the industry based on 25 different pricing sources, lightning-fast order execution speeds under 40 ms, up to 500:1 leverage, and competitive swap rates on all currency pairs.

IC Markets Customer Service

The IC Markets customer service is available 24/7 in both English and Arabic. Users can reach out to them through email, live chat, and phone.

IC Markets Key Features for Forex Scalpers:

  • Amount of forex currency pairs: 61 forex pairs (CFDs)
  • Average spread (EUR/USD): 0,0 pips
  • Available Trading Platforms: Proprietary, MetaTrader 4, MetaTrader 5,cTrader, Myfxbook AutoTrade, ZuluTrade
  • Maximum leverage offered: 500:1
  • Regulators: FCA, FSA, ASIC, CySEC
  • Islamic swap-free account: yes
  • Special features offered: Free Equinix NY4 VPS, demo account, MT4 advanced trading toolkit
  • Recommended experience level: Average traders
  • Best for: automated trading, day trading, scalping, swing trading

Read the full IC Markets review

Open account

73.59% of retail CFD accounts lose money

2. AVAtrade – Best Forex Broker for Beginner Scalpers

AVAtrade logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

Open account Read review

71% of retail CFD accounts lose money

AvaTrade offers low fixed spread of 0,9 pips (EUR/USD), fast trade execution of under 50ms and access to a variety of different trading platforms including the full MetaTrader suite (MT4 and MT5). All platforms allowusers to apply different trading styles including short selling, scalping, hedging, and day trading. Additionally, traders can use Expert Advisors, trading bot scripts, and other trading automation software through the use of AvaTrade’s APIs and MetaMarkets. This makes AvaTrade a great broker for scalping beginners.

AvaTrade Spreads and Commissions

AvaTrade charges low fixed spreads from 0,9 pips ( EUR/USD) and no additional commission on forex CFD trades.

AvaTrade’s spreads and commissions compared with other brokers
Broker AvaTrade IC Markets Capital.com FP Markets XM
EUR/USD 0,9 pips 0,3 pips 0,6 pips 1,1 pips 0,0 pips + $3,50
USD/JPY 1,0 pips 0,4 pips 1,2 pips 1,6 pips 0,1 pips + $3,50
GBP/USD 1,5 pips 0,8 pips 1,3 pips 1,9 pips 0,1 pips + $3,50
AUD/USD 1,1 pips 0,6 pips 0,6 pips 1,3 pips 0,1 pips +$3,50
Min. Deposit $100 $200 $20 $100 $5
Swap Free Account Yes Yes Yes Yes Yes
Inactivity Fee Yes No No No Yes
Funding Fee No No No No No

AvaTrade Scalping Account Types

AvaTrade offers 3 main account types: the Retail account, Standard account, and Professional account. All these accounts are great for scalpers, have a free demo option and can be converted to Islamic swap-free accounts. The minimum deposit requirements and leverage conditions differ.

  • Professional account – requires a minimum deposit of $500,000 and allows traders to trade all available financial instruments with up to 400:1 leverage.
  • Retail and Standard Accounts – requires a minimum deposit of $100 and provides users access to all asset classes, including 55 forex currency pairs and 44 forex options with up to 30:1 leverage.

AvaTrade Account Types and Features

Features Retail and Standard Accounts Professional Accounts Islamic 
Minimum Deposit $100 $500,000 $100
Spreads 0,9 pips, $0 commission 0,9 pips, $0 commission 0,9 pips, $0 commission
Swaps Yes Yes No
Max. Leverage 30:1 400:1 30:1

AvaTrade Available Assets

AvaTrade enables forex traders access to 55 forex pairs (major, minor, and exotic currency pairs and 44 forex options). All forex trading pairs are available only as CFDs.

AvaTrade Trading Platforms and Scalping Features

AvaTrade’s list of trading platforms includes 8 proprietary platforms, the full MetaTrader suite (MT4 and MT5), and third-party add-ons like TradingView and Trading Central. All AvaTrade’s available trading platforms allow forex traders to use Expert Advisors, other automated trading software, and trading techniques such as scalping, hedging, day trading, and swing trading.

Users have access to scalping features including secured positions with AvaProtect, and Capitalise.ai, which allows them to create, deploy and backtest their own automated forex scalping strategies.

Key Features for Scalping Forex Traders:

  • Amount of forex currency pairs: 55 forex pairs (CFDs) and 44 forex options
  • Average spread (EUR/USD): 0,9 pips
  • Available Trading Platforms: Proprietary, MetaTrader 4, MetaTrader 5,
  • Maximum leverage offered: 400;1
  • Regulators: ASIC, CySEC, FCA, ADGM, FRSA
  • Islamic (swap-free) account: yes
  • Special features offered: demo account, social trading, forex options, VPS
  • Recommended experience level: Average traders
  • Best for: day trading, scalping, swing trading, short selling, hedging

Read the full AvaTrade review

Open account

71% of retail CFD accounts lose money

3. Capital.com – Best Broker for Algorithmic Trading

Capital.com logo

Rating: 4,8/5

Min Deposit: $20

Fees: 4.8

Assets available: 4.7

Total Fees:

Open account Read review

79.17% of retail CFD accounts lose money

Capital.com offers competitive spreads from 0,6 pips (EUR/USD) and allows users to implement automated trading applications (Expert Advisors) through the MT4 platform or by using APIs. With access to 138 forex CFDs and up to 1:500 leverage, this is a great combination for algorithmic scalpers.

Capital.com Spreads and Commissions

Capital.com charges low spreads from 0,6 pips (EUR/USD) on forex CFDs.

They additionally charge forex trading fees in the form of swaps. The broker also charges currency conversion fees whenever users fund their account in a currency other than USD. For this reason, Capital.com’s trading fees are industry average overall.

Capital.com Scalping Account Types

Capital.com users can choose between 4 different account types: Standard, Plus, Premier, and Invest. All account types are available as retail and professional accounts and come with different minimum deposits, maximum leverage ratios, and spreads.

Scalpers should opt for a Professional Account, which allows them to trade forex with up to 500:1 leverage on an industry-leading platform. Additionally, Capital.com offers negative balance protection, a patented AI trade bias detection system, and over 70 technical indicators.

Capital.com Available Trading Accounts 

Account Features Standard Plus Premier Invest
Min. Deposit $20 $2,500 $10,000 $20
Spreads From 0,6 pips on EUR/USD, $0 commission From 0,6 pips on EUR/USD, $0 commission From 0,6 pips on EUR/USD, $0 commission From 0,6 pips on EUR/USD, $0 commission
Webinars & Event Access No No Yes Yes
Max. leverage Up to 30:1 Up to 30:1 Up to 30:1 Up to 30:1

Capital.com Available Assets

Capital.com users have access to over 6,000 financial instruments, including 138 forex CFDs, which makes them the broker with the most available currency pairs for UAE forex traders.

Capital.com Available Trading Platforms and Scalping Features

Capital.com’s list of trading platforms includes its proprietary WebTrader and trading app and MetaTrader 4. Both trading platforms feature TradingView integration and allow users to connect APIs and make use of Expert Advisors, trading scripts, and other forms of automated trading software.

Capital scalping features include negative balance protection, and eQ, Capital.com’s patented AI trade bias detection system. This system tracks 35 behavioral patterns like overconfidence or loss aversion and provides users with personal feedback and post-trade performance.

Capital.com Forex Trading Apps

Capital.com’s list of forex trading apps include the proprietary Capital.com app, the InvestMate educational app, and the MetaTrader 4 app. All these trading apps include scalping trading features such as: real-time price quotes, dynamic charting features, multiple order types and detailed (level 2) order book information.

Capital.com Key Features for Scalping Forex Traders:

  • Amount of forex currency pairs: 138 forex CFDs
  • Average spread (EUR/USD): 0,6 pips
  • Available Trading Platforms: Proprietary, MetaTrader 4, trading apps
  • Maximum leverage offered: 30:1
  • Regulators: FCA, FSA, ASIC, CySEC
  • Islamic swap-free account: NO
  • Micro-lot trading: NO
  • Special features offered: demo account, extensive educational app, TradingView integration
  • Recommended experience level: Average traders
  • Best for: day trading, scalping, swing trading, short selling, hedging

Read the full Capital.com review

Open account

79.17% of retail CFD accounts lose money

4. FP Markets – Lowest Fee Structure Scalping Broker

FP Markets logo

Rating: 4,3/5

Min Deposit: 0

Fees: 5.0

Assets available: 3.1

Total Fees:

Open account Read review

75.31% of retail CFD accounts lose money

FP Markets offers low spreads of 0,0 pips (EUR/USD), access to 63 different forex pairs and a VPS private server for fast trade execution. The broker also offers multiple trading platforms including a proprietary (IRESS WebTrader) platforms and the full MetaTrader suite (4 and 5) which allow implementing different scalping strategies.

FP Markets Spreads and Commissions

FP Markets charges low spreads from 0,0 pips (EUR/USD) on its Raw Spread accounts plus  a fixed commission of $3 per lot.

On the Standard MT4 and MT5 accounts, spreads start at 1,1 pips without any commissions added.

FP Markets spreads and commissions compared with other brokers
Broker FP Markets IC Markets Eight Cap Vantage XM
EUR/USD 0,0 pips 0,3 pips 0,06 pips 0,0 pips 0,00001 pips
USD/JPY 0,65 pips 0,4 pips 0,23 pips 0,4 pips 0,015 pips
GBP/USD 0,92 pips 0,8 pips 0,73 pips 0,5 pips 0,00019 pips
AUD/USD 0,28 pips 0,6 pips 0,27 pips 0,3 pips 0,00016 pips
Min. Deposit $100 $200 $100 $50 $5
Swap Free Account Yes Yes No Yes Yes
Inactivity Fee No No No No Yes, $5 per month
Funding Fee No No No No $15

FP Markets Scalping Account Types

FP Markets users can choose between 3 different account types: Standard MT4 – MT5 Accounts, Raw Spread MT4 – MT5 Accounts, and IRESS Accounts. All account types have access to a free demo option and can be changed into an Islamic swap-free forex trading account.

The best trading account for scalpers are the Raw Spread MT4 and MT5 accounts which offer spreads from 0,0 pips using ECN-pricing, provide access to over 60 forex pairs and allow up to 500:1 leverage. Additionally, traders can use Expert Advisors and the broker provides them with a free virtual private server to significantly reduce order execution speeds.

  • Raw MT4 – MT5 Account is the scalping account that charges spreads of 0,0 pips (EUR/USD) and a fixed commission of $3 per lot.
  • Standard MT4 – MT5 Accounts – is the basic account type that allows traders access to all asset classes, including forex pairs, with up to 500:1 leverage.
  • IRESS Accounts – offer traders access to 10,000+ financial instruments, including 63 different forex pairs with up to 500:1 leverage, multiple order types, and risk management tools.

FP Markets Account Types and Features

Features Standard MT4 & MT5 Accounts Raw Spread MT 4 and MT 5 Accounts IRESS Accounts Islamic Accounts
Minimum Deposit $100 $100 $1,000 $100
Spreads 1,1 pips, $0 commission 0,0 pips, $3,00 commission 1,1 pips, $0 commission 0,0 pips, $3,00 commission
Swaps Yes Yes Yes No
Max. Leverage 500:1 500:1 500:1 500:1

FP Markets Available Assets

FP Markets allows users to trade on 63 forex pairs, including all major, minor, and exotic currency pairs.

FP Markets Trading Platforms and Scalping Features

FP Markets’ list of trading platforms includes the IRESS WebTrader, its mobile trading apps, the full MetaTrader Suite (MT4 and MT5), and third-party add-ons like Autochartist, Trading Central, and Myfxbook Autotrade. Additionally, FP Markets offers social trading features and the possibility to manage multiple trading accounts with its MAM/PAMM management feature.

FP Markets scalping features include access to a dedicated NY4 virtual private server that allows fast order execution, multiple trading accounts, and use countless technical indicators to improve their technical analysis. FP Market users can make use of negative balance protection and flexible leverage up to 500:1.

FP Markets Customer Service

The FP Markets customer service is available 24/7 in multiple languages, including English and Arabic. Users can contact them through email, phone, and live chat.

Key Features for Scalping Forex Traders:

  • Great selection of forex currency pairs: 63 forex pairs
  • Low average spreads: starting at 0,0 pips on EUR/USD on raw spread accounts
  • Multiple trading platforms: MT4, MT5, Web Trader, FP Markets Trading app, Autochartist, Myfxbook
  • Islamic swap-free accounts: yes
  • Special features: VPS, Autochartist
  • Maximum leverage: 30:1 for EU retail traders and 500:1 for professional and institutional traders
  • Micro lot trading: yes
  • Recommended experience level: average to advanced
  • Supported trading strategies: automated trading, short selling, scalping, hedging, swing trading

Read the full FP Markets review

Open account

75.31% of retail CFD accounts lose money

5. XM – Best Broker for Research and Education

XM logo

Rating: 4,1/5

Min Deposit: $5

Fees: 4.1

Assets available: 2.8

Total Fees:

Open account Read review

75.59% of retail CFD accounts lose money

XM Zero Account offers a low spread of 0,0 pips (EUR/USD) plus a fixed commission of $3,50 combined with great research and education materials. Scalpers who are looking for hand holding can make use of technical summaries, an economic calendar, XM TV, podcasts, live trading sessions, educational videos, forex webinars, and platform tutorials.

Apart from an extensive research and education section, XM offers 11 trading platforms including MetaTrader 4 and 5, and third-party extensions including TradingCentral and MQL5. Users are allowed to use Expert Advisors and other forms of automated trading software.

XM Spreads and Commissions

XM charges low spreads starting at 0,0 pips ( EUR/USD) and a fixed commission of $3,50 on its XM Zero Account.

Standard and Micro account holders pay slightly higher spreads, starting at 1,7 pips (EUR/USD), but no additional commissions.

XM Scalping Account Types

The XM Zero is the scalping account that offers spreads from 0,0 pips (EUR/USD) plus fixed commission of $3,50 per lot. The account also offers access to ECN grade liquidity and fast order execution speeds.

The other XM accounts are:

  • The Standard Account – allows traders access to all asset classes, including 57 forex pairs with up to 1,000:1 leverage. Spreads start at 1,7 pips (EUR/USD) with no extra commission charges.
  • The Micro Account – allows traders to trade micro-lots of 1,000 unit sizes and has the same functionalities as the Standard accounts. Spreads start at 1,7 pips (EUR/USD) with no extra commission charges.

XM Account Types and Features

Features Standard Account Micro Account XM Zero Account
Minimum Deposit $5 $5 $5
Spreads 1,7 pips, $0 commission 1,7 pips, $0 commission 0,0 pips, $3,50 commission
Standard lot size 100,000 1,000 100,000
Swaps Yes Yes Yes

XM Available Assets

XM  allows users access to 57 different forex pairs.

XM Available Trading Platforms and Scalping Features

XM’s list of trading platforms includes its proprietary desktop and mobile trading platforms, the full MetaTrader suite (4 & 5), and mac-focused trading platforms. This broad range of available trading platforms makes XM suitable for all sorts of traders, from advanced to beginners.

XM Scalping features include a high limit of 100 lots per order on XM Zero Accounts, flexible leverage from 1:1 to 1000:1, the ability to connect Expert Advisors and cross-trade between multiple XM accounts.

XM Research and Education

XM’s extensive trading and education section provides traders with daily market news, analysis videos, educational blog posts, an economic calendar, technical summaries, and many other news and research sources.

XM Key Features for Forex Traders

  • Great selection of forex currency pairs: 57 forex pairs
  • Competitive spreads: starting at 0,0 pips on EUR/USD with XM Zero accounts
  • Multiple trading platforms:  MT4, MT5, XM app
  • High maximum leverage: of up to 1,000:1 for professional traders
  • Regulated by multiple tier-1 regulators: ASIC, CySEC, FCA, DFSA
  • Islamic swap-free account: yes
  • Micro lot trading: yes
  • Recommended experience level: Average
  • Best For: day trading, scalping, swing trading, algorithmic trading, bot integration

Read full XM review

Open account

75.59% of retail CFD accounts lose money

How To Selected The Ideal UAE Forex Broker for Scalping?

Criteria to consider to select the ideal broker for scalping in UAE are listed below.

  • Spreads and Commissions
  • Trading platforms and features for scalping
  • Trade executions speeds and reliability
  • Market analysis tools (technical analysis tools, economic calendar, real-time market data, advanced charting tools, and risk management tools)
  • Support for algorithmic trading
  • Availability of forex currency pairs
  • Quality of customer support 
  • UAE availability

The Top Brokers For Scalping Compared

Key features of the highest rated forex brokers for scalping are compared in the table below.

BrokerIC MarketsAva TradeCapital.comFP MarketsXM
Trading PlatformsMT4, MT5, cTraderMT4, MT5, WebTrader, AvaGo MT4, TradingView, Captial.com mobile appMT4, MT5, FP Markets Trading appMT4, MT5, XM app
Minimum Deposit$200,00$100,00$20,00$0,00$5,00
Max leverage500:1400:1 500:1500:11000:1
Order ExecutionMarketMarketMarketMarketMarket
No deposit bonusNoNoNoNoNo
Swap Free AccountYesYesNoYesYes
ECN AccountYesNoNoYesYes
ECN Account Comission$3,00$3,00$3,50
ECN Account min spread (in points)From 0From 0From 1
Standard AccountYesYesYesYesYes
Standard account min spread (in points)From 6From 6From 7From 10From 10
Cent accountNoNoNoNoYes
VPSYesYesNoYesYes

What is Forex Scalping – Definition

Forex scalping is a trading style referring to ‘’skimming’’ of small profits on trades by opening multiple positions throughout the day. Forex scalping involves trading currency pairs by holding them for a very short time and selling them for a small profit. 

Forex scalping trades are placed with the use of signals and other forms of technical analysis charting tools. 

What Are The Most Important Factors To Consider When Forex Scalping?

The most important factors to consider when forex scalping are:

  • Capital – keep in mind that you need sufficient capital to scalp the forex, because you only make small profits per trade
  • Transaction costs – trade forex with a broker that charges low spreads and commissions because the fewer trading fees you pay, the more profit you keep
  • Market movers – it is also important to apply short-term trading positions on short timeframe charts to catch highly volatile price moves instead of focusing on long-term price movements
  • Strategies – scalpers often trade intraday momentum and reversals and make use of indicators – eventually they come up with their own trading strategy that fits their own personal style
  • Trading psychology – Scalpers need to be stress-resistant and able to quickly view pricing information, place orders, and trade larger positions without thinking too low or making any mistakes.

What Is The Difference Between Scalping and Market Making?

While market makers earn the spread, the scalper pays the spread. Market makers sells on the ask price and buy on the bid price and immediately earn profits for ‘’making the market.’’ 

Whenever scalpers buy at the ask price and sell at the bid price, they have to wait until the market moves enough to cover the spread they paid. 

What Are The Best Currency Pairs for Forex Scalping in UAE?

The best currency pairs for forex scalping in the UAE are EUR/USD, GBP/USD, and AUD/USD because they have the highest trading volumes and tightest spreads. 

The lower the spread, the fewer pips the pair has to move for the scalper to be profitable. 

Advanced forex scalpers may want to scalp minor and exotic currency pairs because they have higher volatility. However, these carry greater risks.

When Is The Best Time for Scalping With Forex?

The best time for scalping forex depends on the currency traded. The best time to trade the GBP is in the first hour of the London trading sessions whilst major currency pairs like the United States Dollar are best trading in the early hours of the New York trading sessions when the currency pairs have the highest trading volume. 

Scalping and Leverage – How Are They Connected?

Scalpers require maximum leverage to lower the margin requirements of every trade and increase its profit potential. Because forex scalpers use short-term positions to make many small profits daily, any form of leveraging their positions adds significantly to their profit or loss.

Scalping VS Swing Trading – Do You Need A Different Broker?

While forex scalpers aim to make multiple profitable short-term trades on a daily basis, swing traders keep their positions open up to several weeks, trying to capture medium-term price movements. 

Although both strategies rely on technical and fundamental analysis, scalping is more short-term compared to swing trading.

Is Forex Scalping Halal?

Forex scalping is halal when an Islamic swap-free account is used for trading. According to Islamic law, something is ‘’haram’’ when gambling and riba are involved. In forex trading on an Islamic swap-free account, trades are settled at the spot price, and no interest is involved.

Is Forex Scalping Allowed in UAE?

Yes, forex scalping is allowed in the UAE, and the brokers mentioned in this guide all allow scalping by both retail and institutional traders.

Conclusion

With the numerous online brokers in UAE, comparing and evaluating their service to find the ideal option is difficult and time intensive. To make the ideal choice for their needs, traders need to collect relevant data and analyze them, considering a variety of key criteria. 

In this guide, we have done the hard work for you by comparing and evaluating the top choices for different preferences. The results of our analysis of the best forex brokers in UAE for scalping are wrapped up in the table below.

RANKBROKERBUSINESS24-7 SCOREBEST FORWEBSITE
#1IC Markets4,9/5OverallOfficial website
#2AVAtrade4,3/5BeginnersOfficial website
#3FP Markets 4,1/5Algorithmic TradingOfficial website
#4IC Markets4,5/5Low spreadsOfficial website
#5XM 4,3/5Research and EducationOfficial website

FAQ

What is the definition of scalping?

Forex scalping is a trading style referring to generating small profits by opening multiple positions throughout the day. Forex scalping involves trading currency pairs by holding them for a very short time and selling them for a small profit. 

What type of forex accounts are best suited for scalping?

The best suited forex accounts for scalping are no-dealing desk account including ECN accounts (electronic communications network), DMA accounts (direct market access) and STP accounts ((straight-through processing). These types of account provide the best pricing, together with the most reliable trade execution.

What trading tools should the best scalping brokers and platforms have?

The most common trading tools used by scalpers include technical analysis tools, Level 2 Quotes, economic calendar, real-time market data, charting software, and risk management tools.

What are the most important scalping features to consider when choosing an online broker?

When choosing a forex broker for scalping, trader should look out for low spreads and commissions, fast and reliable trade execution, great technical analysis tools, significant leverage and high liquidity.

Is scalping a trading strategy recommendable for beginners?

Scalping is a trading strategy that requires a high experience and knowledge level of market movement indicators, economical data and analysis insights. It also requires the trader to understand and navigate advance trading tools and manage risk efficiently.

Is MetaTrader good for scalping?

The MetaTrader suite is not among recommended platforms for scalping as trading signals and indicators are often send to the user with delay. Price action systems that not relay on indicators tend to be a better option for scalpers.

Is scalping forex profitable?

Yes, forex scalping has the potential to generate high profits. However, the high volatility, trading with leverage, high frequency of trades and lack of deverzification make scalping highly risky.

Disclaimer

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