Broker Low Spread for Scalping

@Achmad Budi: For scalping, of course the type of account we choose is a low spread or zero-spread type. There are several brokers with accounts like this that I have used, for example, a zero-spread account on the XM broker, a raw spread account on IC Markets and a pro account on Tickmill.

Read also: Best Brokers For Scalping

Thank you

@ Achmad Budi:

- Excuse me. I'd like to ask, what are some recommendations for low spread brokers for scalping??? Please give your response, thank you

For scalping, because opening and closing positions are done in a short time and the target profit is relatively small, you must be able to break even in a short time. Therefore, the spread must be as small as possible. So look for a broker with a small spread and fast order execution. Try it first in a demo account.

However, for broker selection, we recommend that the most important thing is the regulation. Choose a broker that has been regulated by a credible international regulatory body (namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA. A credible regulatory body is one that has been tested and internationally recognized, and provides strict sanctions to brokers if they violate agreed terms. The regulatory body is also responsible for the security of client funds.

 

To Achmad Budi,

You can try brokers that are quite popular among scalpers in the country such as XM, Tickmill, IC Market, etc.

Hopefully this can help.

For Indonesian brokers, how do you check the spread conditions offered?

@ Khalia:    

- For Indonesian brokers, how can I check the spread conditions offered?

Please see the product specifications. For example, at broker PT. Monex Investindo Futures, it can be seen on this page.

To Khalia,

You can check it on the official website of the local broker in question.

Hope this helps.