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