Brokers by Type
Latest Reviews
Evgeniy Shestakov
I started trading with them with a minimum amount. They assigned me a manager who helped me with trading. My stock has already doubled in one day. The mentor began to say that I could earn even more, but I needed to increase the amount on deposit. I wanted to try to get the part out first, and told my mentor about it. After that I was unable to log into my account.
Read moreArthur
I tried to trade here. Nothing worked out; for some reason, promising deals went into the red as soon as we tried to close them. The terminal could ignore orders for several minutes until the price of the asset changed for the worse.
Read moreArthur
I really didn’t like that they called me several times a day after I registered my account. I didn’t even have time to top up the deposit when calls started coming in asking me to deposit as much money as possible and invest it all in an incredibly profitable deal. Such recommendations contradict any rules of money management. And that's why I refused to work with them. And then for another two weeks I blocked the left numbers from which they called.
Read moreMax
I met on VK girl from somewhere in the EU and corresponded with her for a couple of weeks and evenby videocommunicated. And then she started asking about my work and said that she herself is engaged in trading and lives well on the income from it and offered to introduce me to a person who has a good broker. Like a fool, I agreed and gave my contacts, and within a day they called me and started telling me tales about huge incomes and pointing out some graphs and reports. A day later I transferred money to the account to scrape $300 according to mystockpiles and tried it at the merchant. My trading almost immediately went negative. I realized that it was not mine and wanted to withdraw the money, but I was thrown out of my personal account and was not allowed back.
Read moreEgor
Rakuten Trade clearly does not look like a normal broker. Too many jambs. It is very difficult to open an account with him; it is impossible to trade normally. Any transaction becomes unprofitable due to direct and hidden commissions.
Read moreMatvey
I fell for the promises of the bitprojectinvests manager like a horse. And now I can’t even withdraw my money.
Read moreScalping Brokers in Forex: What You Need to Know to Profit with Them
Scalping is a trading strategy involving the execution of short-term trades with narrow stop-losses and profits in just a few pips. It’s an aggressive approach to trading, and many believe it’s one of the most profitable strategies since it can generate gains even from small price fluctuations.
Traders who engage in frequent short-term trades put a significant load on brokers. Many brokers discourage this behavior, imposing wider spreads and requotes. Additionally, scalpers tend to generate smaller profits compared to traders who hold longer positions.
That’s why choosing brokers for scalping requires thorough consideration. It’s essential to assess the service conditions, or else you might end up without profits.
Scalping Brokers in Forex: Factors to Choose the Top One
The ideal scalping broker encompasses these seven components:
- ECN, DMA, or STP accounts
- Market execution
- Low stop-losses
- No limitations on the number of positions
- Unlimited position holding time
- Fast order processing and execution
- Support for automated advisors (expert advisors)
To profit, it’s essential to opt for a reputable broker with sufficient resources to handle the rapid execution of numerous positions.
ECN, DMA, or STP Accounts
Quotes should closely match market rates, and floating spreads are crucial. Otherwise, it’s challenging to profit from minimal price movements.
Market Execution
During periods of high volatility, non-market execution may lead to excessively high requotes, hindering timely position closure.
Low Stop-Losses
The best forex broker for scalping allows placing stops just a few pips away from the entry point. Otherwise, effective scalping becomes difficult.
No Limitations on the Number of Positions
A broker should permit opening several dozen, or ideally, hundreds of positions daily. Otherwise, achieving substantial profits through scalping is unlikely.
Unlimited Position Holding Time
Scalpers often hold positions for seconds or minutes. If a broker restricts this, it’s not suitable for scalping.
Fast Order Processing and Execution
In scalping, every millisecond counts. Prices change incredibly quickly. A delay of a second can turn a profitable trade into a loss. Only rapid processing ensures maximum gains.
Support for Automated Advisors
Robots can engage in scalping, reacting faster to changing data than humans. This is crucial for scalping.
Choosing a Scalping Broker for Stock Exchanges
Identifying the best broker for scalping on stock exchanges is challenging. Consider the markets they operate in, service conditions, and client requirements.
Top brokers offer:
- Favorable trading conditions, such as reduced fees for those executing many trades.
- Tools tailored for scalping.
- Short-term positions can be opened with almost any exchange-traded asset characterized by high volatility. Primarily, this includes currencies, blue-chip stocks, indices, metals, oil, and other commodities.
Scalping with Futures: A Strategy for Experienced Traders
Scalping futures requires experience, but they’re more advantageous than spot market assets due to:
- Lower commissions.
- Wider leverage.
To find a quality broker for scalping on the Moscow Exchange, refer to the top 10. Those featured offer:
- A broad range of assets.
- High-speed position execution.
Some brokers, like Tinkoff, have developed convenient mobile applications, allowing constant monitoring of quotes and the ability to open short-term positions at any time.
The top broker for Moscow Exchange scalping should support familiar trading software and offer an API for third-party programs. This enables hidden stop placements, safeguarding against “whales.”
Advanced brokers’ software for scalping automates trading. Robots of prominent brokers earn significant money by combining scalping and arbitrage due to their proximity to exchanges. Their positions typically last milliseconds.
Scalping Risks: What Could Go Wrong?
Scalping carries significant risks. Catching a loss is highly likely. Incorrectly identifying the price, requotes triggering stop-losses, and closing positions at a loss can occur.
Can you profit from scalping? Absolutely. Begin by practicing on a demo account. Afterward, properly configure a robot and trade with familiar assets only.
