Brokers that allow scalping

Hi Ya'al

I want to start a list of brokers that allow scalping. I can start with the ECNs-

MBTrading
EFX group

feel free to add scalping friendly brokers..

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Replies to This Discussion

Permalink Reply by Chris on December 13, 2007 at 12:25am

FXCM allows scalping. In fact they encourage it. They have a weekly post on fxcmdaily about scalping techniques.
You can also hedge with them, using the same margin lot.

Permalink Reply by princess Todd on June 4, 2008 at 1:34pm

Check this:
http://www.finexo.com/

Permalink Reply by princess Todd on June 4, 2008 at 1:35pm

AUD/USD had its biggest gain since May 16 — it went up from 0.9511 to 0.9580 as of 9:07 GMT with a daily maximum at 0.9598. AUD/JPY also rose today — it went up from 99.98 to 100.43 with a daily high at 100.67.

It has recovered from the day before yesterday's crisis.

Permalink Reply by princess Todd on November 28, 2008 at 10:49am

Hi all,

It is important to define from the outset if you'll be 'scalping' (trying to get a few points off the market) trading intra-day, or going longer term. This will also determine what chart period you're looking at. If you trade many times a day, there's no point basing your technical analysis on a daily graph, you'll probably want to analyse 30 minute or hour graphs. Additionally it is important to know the different time periods when various financial centers enter and exit the market as this creates more or less volatility and liquidity and can influence market movements.

Get the best scalping spread here.

Happy n safe trading
Princess

Permalink Reply by Allan on March 4, 2009 at 5:55pm

Velocity Trade LLC offers a great platform for scalping; it is a true STP model no pretend STP while sending the trades to their own firm ala MB Trading or FXDD.

Permalink Reply by Paul on March 17, 2009 at 2:17am

I trade with forex.com/Gain Capital they let me scalp. In fact the system I trade is FX MoneyMap which is designed for scalping and Gain Capital is our partner. I made three 15 + plus trades today :) go RV ....HAHAHAHA

Permalink Reply by yuval on March 17, 2009 at 2:26am

Sounds great! I actually went in to FXMoneyMap but didn't get a clear idea of what it is... I would appreciate it if you can explain what it is. The best way to do this is by writing a blog post about FXMoneyMap.

Permalink Reply by Ron ODaniels on April 13, 2009 at 11:16pm

Well as far as allowing Scalping. I trade www.oanda.com. I dont go below the one minute chart but they have time frames down to 10 seconds. I usually am looking for at least 5 to 10 pips. I let it run if the five or 15 minute chart shows strong trend and my indicators support that.

I have been noticing recently there are some brokers out there - crap - that dont even give a charting package with indicators, and one even had a time frame not less than 1 hour? what is that? They have people out there trading blind.

Permalink Reply by Allan on April 15, 2009 at 8:34pm

Scalping is excellent and I think that an STP broker is the best way to go; in fact NFA will be putting rules in place shortly to show preference to STP brokers as they do not touch your trade. Also hedging will be made against NFA rules on May 15th. Something to think about.

Permalink Reply by yuval on April 16, 2009 at 9:51pm

Yes my friend, that would be the typical market makers that are out for your money and not just from the spreads... :-)

Permalink Reply by Ben Lyon on June 1, 2009 at 8:51pm