BEST US FOREX BROKERS FOR SCALPING

As a trader when using scalping as your trading strategy, it is required that you do a proper market analysis before market entry since you will be holding a series of trades for a brief time.

If you live in the US there are many brokers available that can suit your trading style, however, in the post, our focus will be on the best US forex brokers for scalping.

One factor to consider in choosing the right broker for scalping is a tight spread; with a lower spread, you get to make quick profits on your trades compared to high spread brokers.

FOREX.COM SCALPING

Before choosing a broker for scalping, a trader must ensure that they offer a very low spread; in this regard, forex.com is an excellent broker, but not for scalping; other brokers, such as Xm.com, give zero spread to clients.

Below is a summary of XM zero spread account:

  • Tight spreads as low as 0.6 pips on all major currency pairs
  • 1000+ Financial Instruments
  • Trade with NO hidden fees
  • The lowest possible spreads for all trading account types
  • Best Execution Policy
  • Fractional pip pricing

Here is a quote from John Papatheodoulou, Chief Dealer – XM Group.

To keep spreads as narrow as possible, we aim to get optimal prices from all our liquidity providers.

Real-time prices are aggregated from liquidity providers in order to offer the best bid and ask prices to clients. Our electronic pricing engine allows us price updating on every currency pair three times per second, and thanks to this our prices reflect the current global forex market levels”.

VISIT XM

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BEST US FOREX BROKERS FOR SCALPING

best US forex brokers for scalping

There are many highly rated us forex brokers; in terms of scalping, these are the top 2 below with the tightest spread:

Forex BrokerIG

Accepts US Residents – YES

Average Spread EUR/USD – Standard – 0.828

Minimum Deposit – £250.00

Forex Broker – Forex.com

Accepts US Residents – YES

Average Spread EUR/USD – Standard – 1.100

Minimum Deposit – $100.00

best US forex broker for scalping

PEPPERSTONE

pepperstone

Pepperstone is a forex broker based in Australia that was founded in 2010.

Pepperstone is governed by three main financial regulators: the Financial Conduct Authority (FCA) of the United Kingdom, BaFin of Germany, and the Australian Securities and Investments Commission (ASIC).

Pepperstone Limited began operations in the United Kingdom in 2015 and has since expanded its offerings to include UK and European clients through local access.

The group has offices in Melbourne, Dubai, Limassol, Nassau, Nairobi, Dusseldorf, and London, among other important financial centers.

PROS AND CONS OF PEPPPERSTONE

Pepperstone’s procedures are user-friendly, with 100% digital account opening and customer support.

PROSCONS
For automated traders and copy traders, Pepperstone’s dual offering of MetaTrader and cTrader is ideal.Pepperstone’s educational products are comparable to industry standards but not as good as category leaders.
Pepperstone offers a wide range of platform add-ons to improve the MetaTrader experience.Interactive courses, progress monitoring, and instructional quizzes are not available.
Pepperstone offers a wide range of tradable assetsHigh costs for holding positions overnight
On Pepperstone’s Razor accounts, pricing is competitive for active traders, however trading fees for retail traders are average.High bank withdrawal fee for clients outside the EU/Australia
There are several social copy trading services accessible.Workspace customization is limited.

PEPPERSTONE FEES

FEESPEPPERSTONE BROKER
Deposit feeNo
Withdrawal feeNo
Inactive feeNo
Fee rankingLow

PEPPERSTONE SPREAD

PAIR/ASSETPEPPERSTONE SPREAD
EUR USD Spread0.77 pips
Gold Spread0.13
Crude Oil WTI Spread2.3 pips
BTC USD Spread31.39

PEPPERSTONE DEPOSIT/WITHDRAWAL METHODS

Pepperstone offers a wide range of deposit and withdrawal options. See below

  • Paypal
  • Bankwire
  • Skrill
  • Credit/debit card
  • MPESA
  • Neteller
  • Union pay
  • Bpay
  • Local bank deposit

PEPPERSTONE BROKER SUMMARY

HeadquartersAustralia
RegulationASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
PlatformsMT4, MT5, cTrader, TradingView
InstrumentsCFD’s on equities, indices, shares, commodities, energy, metal, and cryptocurrency
EUR/USD Spread0.77 pips
Demo AccountAvailable
Minimum deposit200$
Base currenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
EducationProvided, research tools included
Customer Support24/5

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BEST BROKER FOR SCALPING STOCKS

best broker for scalping stocks

Anytime you think of scalping, two things come to mind:

  • Spread
  • Market speed execution

That being said the best broker for scalping stock is XM.

Below are the advantages of stock CFD trading at XM:

  • Cost-effective and direct access to the global equity markets
  • Instant access to global economies
  • Speculation on market uptrends/ downtrends
  • Going short/long according to market moves
  • Suits both short and long-term trading strategies
  • NO extra fees apply

When compared with other stock brokers, XM has a much lower commission, tighter spread, and minimum deposit as low as $5.

XM offers over 1200 stock CFDs to choose from. See more XM stock CFDs.

BROKERS THAT ALLOW FOR HEDGING AND SCALPING

This is a good feature and not all brokers offer this to their clients.

Here are a few brokers that allow for hedging and scalping:

  • XM
  • ICmarket
  • Pepperstone
  • Admiral Markets
  • FXPRO
  • FPmarkets
  • CMC Markets