In this article, we will look at 5 Forex Brokers that are great for scalping. We will also look at other advantages of scalping with these 5 brokers.
Broker | Review | Min Deposit | Low Spread Account | Regulations | Account |
1. Fusion Markets  | $0 | ASIC, VFSC | |||
2. TickMill  | $100 | FCA, FSA, CySEC, FSCA | |||
3. IC Markets  | $200 | ASIC, CySEC, FSA | |||
4. Pepperstone  | $0 | FCA, ASIC, SCB, CMA, CySEC, BaFin, DFSA | |||
5. CMC  | $0 | FCA, ASIC, DFSA, CySEC, CMA, SCB, BaFin |
What type of brokers are best for scalping?
Most ideal brokers for scalping are brokers that provide traders with low spreads. This is because they offer a smaller difference between the bid and ask prices of a currency pair. This translates to lower trading costs and increased profit potential, especially when making frequent, small-profit trades.
Also, a fast execution speed is essential for scalping as well, as it allows you to capitalise on small price movements quickly.
In addition to these, we also considered other factors such as trading platforms, regulations and customer service when choosing the best brokers for scalping. The following are the top 5 brokers for scalpers.
1. Fusion Markets
Fusion Markets is a great broker that offers traders low spreads, starting at just 0.0 pips, which is great for scalping. This broker was founded in Melbourne, Australia, back in 2017.
Fusion Markets is a trustworthy broker regulated by top-tier authorities. They’re overseen by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
The Fusion Markets broker provides 4 main account types. The low spread account that is good for scalping is called the Zero Account. For this account type, the spreads start from 0.0 pips and the commissions charged is $2.25 per side.
The Fusion Markets broker offers traders a choice of several trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView.
Fusion Markets offers traders 24/7 customer support. You can contact their support team by email, phone, or live chat.
Fusion Markets offers leverage of up to 1:500. There’s no minimum deposit required to start trading with them. If you’re interested in trading with the Fusion Markets broker, click the button below.
2. TickMill
The TickMill broker is another great broker that provides traders with a low spread account for scalping. The TickMill broker was founded in 2014 and is headquartered in Seychelles.
TickMill broker is overseen by multiple financial regulators, including the Financial Conduct Authority (FCA) in the UK.
The TickMill broker provides traders with several account types. The low spread account for scalping is called the Raw Account. For this account type, the spreads start from 0.0 pips and the commission from $3 per lot per side.
TickMill broker offers traders a variety of platforms, including MetaTrader 4, MetaTrader 5, and the TickMill mobile app.
TickMill broker provides traders with round-the-clock customer support, available five days a week. You can contact their support team by email, phone, or live chat.
The maximum leverage available on this broker is 1:1000, but it varies based on the instrument you’re trading. To get started, a minimum deposit of $100 is required.
3. IC Markets
The IC Markets broker is also another great broker that provide traders with a low spread account for scalping. The IC Markets broker was founded in Sydney, Australia in 2007.
IC Markets broker is regulated by multiple financial authorities, including the Australian Securities and Investment Commission (ASIC).
The IC Markets broker provides traders with several account types. The low spread account type for scalping is called the raw spread account. There are two types of raw spread accounts provided by the IC Markets broker.
These are the Raw Spread cTrader/TradingView account and the raw spread MetaTrader account. For both these accounts, the spreads start from 0.0 pips. But the commission is a bit different. The commissions charged for the meta trader raw spread account is $3.5 per lot per side, and the commission charge for the cTrader/TradingView raw spread account is $3.0 per lot per side.
This broker provides traders with a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView.
IC Markets offers 24/7 customer support. Like the other brokers, you can contact their support team by email, phone, or live chat.
This broker provides a leverage ratio of up to 1:500, which can vary depending on your location. A minimum deposit of $200 is necessary to begin trading.
4. Pepperstone
The Pepperstone broker is also a great broker that offers traders with a low spread account for scalping. This broker was founded in 2010 in Melbourne, Australia.
Pepperstone operates under the supervision of various financial regulators, such as the Australian Securities and Investment Commission (ASIC).
This broker offers traders with a range of account types. The low spread account type for scalping is called the Razor account. For this account, the spreads start from 0.0 pips and the commission from $3 per lot per side.
Pepperstone offers traders a choice of 5 main trading platforms. These are MetaTrader 4, MetaTrader 5, TradingView, cTrader, and the Pepperstone platform.
This broker provides traders with 24/7 customer support. Scalpers can contact the Pepperstone broker through email, phone, WhatsApp and live chat.
The broker provides a maximum leverage of 1:30 to retail clients and 1:500 to professional clients.
To start trading with the Pepperstone broker, you do not require a minimum deposit, but the Pepperstone broker recommends a deposit of $200.
5. CMC Markets
CMC markets is another great broker that offers traders with a low spread account for scalping. The CMC markets was found in 1989 in the United Kingdom.
CMC Markets operates under the supervision of various financial regulators, such as the Financial Markets Authority (FMA) in New Zealand, a top-tier regulator.
The CMC markets broker provides traders with several account types. The low spread account type for scalping is called the FX Active account.
This broker offers traders a variety of platforms, including the popular MetaTrader 4 and NGEN, CMC’s flagship platform.
Unlike the other brokers on this list, this broker offers customer support from 7:30 AM to 7 PM Sydney time. You can contact them via live chat, phone, or email. For non-urgent inquiries, they also provide a contact form.
For retail clients, the CMC markets broker provides a leverage of up to 1:30. To start trading with the CMC markets broker, you do not require a minimum deposit.
Conclusion
In this article, we talked about 5 great brokers that are great for scalpers. These brokers are also highly regulated brokers who provide other great features as well.
