Best Forex Brokers for Scalping

Best Forex Brokers for 2021

Broker Bonus Deposit* Leverage* Regulation Visit
XM
5/5
Bonus: 15% up to $500 Min. Deposit: $200 Max. Leverage: 1:30 | 1:200 Regulation:
  • IFSC
  • ASIC
  • CySec
Visit XM XM review
FBS
4.5/5
Bonus: 100% up to No limit Min. Deposit: - Max. Leverage: 1:1,000 Regulation:
  • IFSC
  • CySec
Visit FBS FBS review
HYCM
4.25/5
Bonus: 10% up to $5000 Min. Deposit: $100 Max. Leverage: 1:20 | 1:500 Regulation:
  • FCA
  • CySec
Visit HYCM HYCM review
AvaTrade
4/5
Bonus: 20% up to $10,000 Min. Deposit: $100 Max. Leverage: 1:20 | 1:400 Regulation:
  • ASIC
  • CySec
  • FSCA
Visit AvaTrade AvaTrade review
Alpari
3.75/5
Bonus: Min. Deposit: $5 Max. Leverage: 1:400 Regulation:
  • FSC
Visit Alpari Alpari review
FP Markets
3.5/5
Bonus: Min. Deposit: $100 Max. Leverage: 1:500 Regulation:
  • ASIC
  • SVGFSA
Visit FP Markets FP Markets review

The above table contains the top ranked forex brokers in our database for scalping trading strategies.

What is scalping in forex?

Scalping is a type of trading strategy where the trader only holds positions for a very short time, closing them to pick up just a handful of pips.

Scalpers repeat this process either manually or through an automated trading system to execute hundreds, if not thousands of trades a day.

Some forex brokers will not allow scalping as they may not deem it to be profitable business. We have assessed the brokers in our database to score them in the following categories:

  • Scalping permitted – The broker must specifically state that they allow scalping
  • Currency pairs – The number of currency pairs available to trade
  • Minimum deposit – How much is required to open an account
  • Spreads – How low the spreads are for major currency pairs compared to other accounts

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