Best Forex Brokers For Scalping with Low Spreads of 2020

Scalping refers to a method of forex trading where the trader opens and closes positions within a few minutes or seconds of each other, with the sole purpose of making small profits which can then be accumulated over time to result in more significant earnings. Compare the top scalping brokers and more head-to-head in this 2020 scalping broker comparison.

# Forex Broker Year Regulator
1 ADSS ADSS 2011 FCA, SFC, Central Bank of UAE
2 FxPro FxPro 2006 CySEC, FCA, FSB, DFSA, SCB
3 FIBO Group FIBO Group 1998 FSC, CySEC, FCA
4 FXTM FXTM 2011 CySEC, FCA, IFSC
5 XM XM 2009 ASIC, CySEC, IFSC
6 XTB XTB 2002 BaFin, CNMV, CySEC, FCA, IFSC
7 Admiral Markets Admiral Markets 2001 ASIC, CySEC, FCA, MiFID
8 Marketscom Marketscom 2008 ASIC, CySEC, FCA, FSCA
9 BDSwiss BDSwiss 2012 CySEC, FSC, NFA
10 HYCM HYCM 1977 CySEC, FCA, MiFID, DFSA, SFC

How to Choose a Broker For Scalping

It’s important to remember that not all brokers allow scalping on their platforms. Typically scalping is only allowed on accounts that are operated on ECN platforms. Not only is the ECN trading condition generally better for scalpers in terms of execution speeds and in terms of having a no-slippage environment, it can also be better for ECN brokers as the greater number of trades taken by scalpers will lead to more commissions being earned from both trade entries and trade exits.

When it comes to scalping, traders should pay particular attention to their broker’s terms and conditions (T&Cs) to know what is allowed and what is not. This will help prevent problems down the road. Where there are doubts about whether scalping is allowed or not, contacting the broker directly before opening an account would be advisable.

Still not sure which broker? For a tailored recommendation, you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.