Broker for Scalping Trading

@Hussain: A good broker for scalping is a non-dealing desk (NDD) broker with clear and strict regulations that has accounts with small spreads, no requotes, and minimal slippage.

• The broker's regulations are clear and strict
• Not a dealing desk or non-dealing-desk (NDD) broker
• Small spreads so you can set a small SL
• No requotes to maximize entry positions
• Minimal slippage to maximize trading results

Thank you.

Of all the brokers you mentioned above, at which broker has Mr. Rizki ever scalped? Was it suitable, sir?

@Hussain: I have used the scalping method with Tickmill and ICmarkets brokers. Both brokers are quite good, especially for account types with low spreads. There is no slippage, small spreads and no requotes.

However, I personally don't quite fit with scalping trading and I am more comfortable with swing and intraday trading. Therefore, I switched to swing trading and intraday. This is more of a preference based on personality.

@Hussain
I'm still scalping, Sir. My intention was to be a day trader but I failed because of the corona which made the world economy chaotic with lockdowns, eventually I went back to being a scalper. But later, after the Covid-19 vaccine is distributed, I will try to be a day trader again. From my experience, it's better to use an ECN type broker. If I may mention brands, there are 2 brokers with small spreads, namely icmarkets and fxopen. Scalping is also good with STP brokers, at hotforex for small to medium funds. If you are scalping with large funds, Sir, I suggest you choose a credible broker with good regulation. The weakness of icmarkets is that deposits/withdrawals cannot use local bank internet banking. While fxopen and hotforex can use local bank internet banking, the advantage of icmarkets is that the spread is 0 Sir, EURUSD Spread 0 imagine how real it is like trading directly without a broker, as usual Sir, if the broker doesn't profit from the spread, the broker will look for profit from commissions, the commission for ic markets is quite large for 1 lot, a commission of 7USD is charged. Oh yes Sir, of the three brokers I mentioned above, their websites are blocked so you have to open them using VPNbook. Be careful Sir with domestic brokers, I just met in a trader forum who used a local broker MC and ended up in minus. Imagine being in MC debt with the broker. Terrible, there is no negative balance protection. On average, domestic brokers are of the market maker type, if you fight the market maker you will go bankrupt. The correct type of broker is NDD. Choose one with good regulation Sir from Australia, the UK.

@ Hussain:

Generally, for the security of your trading and funds, we recommend choosing a broker that is 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 is globally recognized, and imposes strict sanctions on brokers if they are found to violate agreed-upon terms. These regulatory bodies are also responsible for the security of client funds.

If you want to trade using scalping, choose a broker that offers low spreads, no commission per transaction because scalpers only look for small points so that if a commission is charged it can be burdensome, and fast order execution.

Read also: Best Brokers For Scalping

 

To Hussain,

A suitable broker for scalping is a broker with low spreads. In addition, choose a broker that does not apply or minimizes fees.

Hope this helps.