Best Forex Broker For Scalping 2023 (Top 10)

The Forex market is really something special but only certain intermediaries allow you to make the most of it by scalping.

This is one of the most popular and effective trading strategies for those who prefer aggressive trading.

In fact, billions of dollars are traded every day in the foreign exchange market – numbers that we can’t even imagine, but which give an idea of the phenomenon!
Today, even small investors can participate in online Forex trading activities, whereas once only large national organizations and banks had access to it.

But to operate successfully in Forex investing you need to equip yourself with proper and proven techniques, one of them is scalping which we want to tell you about here. Here is a carefully selected list of the best forex brokers for scalping 

Best Forex Broker For Scalping 2023

Hotforex

HotForex is consistently ranked among the top 10 global forex and commodity brokers. Founded in 2010, the brokerage has a proven track record as a client-centric firm providing trading services and facilities to retail and institutional clients.

HotForex clients have access to high liquidity and tight variable spreads and commissions. The company offers up to six account types for customized trading as well as state-of-the-art software and trading tools that enable individuals and institutions to trade currencies and derivatives online.

HotForex is a MetaTrader broker and offers a limited selection of tradable products. An optional toolset called Premium Trader Tools is available to augment the default experience. The brokerage supports Market Maker execution on a variety of six different account types.

Regulation: CySEC, FCA, DFSA, FSCA, and the FSA.

Minimum Initial Deposit: $5

Minimum. Lot Size Per Trade: 0.01 lot

Leverage: 1:1000

Trading platform: Metatrader 4, Metatrader 5, WebTrader, Mobile Trading

Year Founded: 2011

EXNESS

Exness is a well-established global retail forex and CFD broker that offers access to a wide range of financial instruments. This includes fiat currency pairs, crypto-currencies, indices, stocks, metals and energy. Exness is a MetaTrader broker and has also launched its own state-of-the-art social trading platform for investors and copy traders.

Exness was founded in 2008 by Petr Valov, with a team of financial experts and technicians. The Cyprus-based brokerage has experienced exceptional growth since its arrival on the market and has a monthly trading volume of over 325 billion USD.

As one of the most established brokers in the industry, Exness is known for being compliant with regulations and one of the most reliable brokers to use for online retail trading. Exness is also known for its groundbreaking innovations and excellent customer service.

Regulation: FSA, CySEC , FCA , FSCA , CBCS ,FSC, FSC (Mauritius)

Minimum Initial Deposit: $1

Minimum. Lot Size Per Trade: 0.01 lot

Leverage: 1:2000

Trading platform: Metatrader 4, Metatrader 5, Webtrader, Mobile trading

Year Founded: 2008

Roboforex

Regulation: FSC, CySEC

Minimum Initial Deposit: $1

Minimum. Lot Size Per Trade: 0.01 lot

Leverage: 1:2000

Trading platform: Ctrader, Metatrader 4, Metatrader5, Mobile Trading, Current, Viking trader

Year Founded: 2009

FXTM

Regulation: FCA, FSCA, CySEC, FSC

Minimum Initial Deposit: $1

Minimum. Lot Size Per Trade: 0.01 lot

Leverage: 1:2000

Trading platform: Metatrader 4, Metatrader 5

Year Founded: 2011

Octafx

OctaFx, an online forex broker, operated by OctaMarkets was incorporated in 2011 in St. Vincent and the Grenadines and offers forex and commodity trading services and is licensed by the St. Vincent and the Grenadines, IBC (International Business Companies) with license number 19776 IBC2011. Since its inception, OctaFx has won numerous awards including Best Broker, Central Asia and Central and Eastern Europe at the 2013 World Finance Awards and is renowned for its customer support. OctaFx offers various trading accounts with the standard trading platform MetaTrader 4. The company is currently in the process of applying for regulation.

OctaFx, traders can choose between a ‘Micro’ account and an ‘ECN’ account with minimum deposits of $5 and $50 respectively. The number of currency pairs available is 12 currency pairs and gold/silver for the Micro account, while the ECN accounts have 28 currency pairs and gold/silver.

Traders can choose one of the two accounts which also come with floating spread conditions. Traders can also opt for a “Swap Free” trading account if required and subject to approval. Trading conditions start with a lot size of 0.01 for Micro accounts, while ECN accounts have a minimum contract size of 0.1 lot. Therefore, traders depositing $50 for ECN accounts would probably be better off increasing their leverage or depositing more funds for ECN OctaFx accounts.

Regulation: Cysec

Minimum Initial Deposit: $5

Minimum. Lot Size Per Trade: 0.01 lot

Leverage: 1:500

Trading platform: Metatrader 4, Metatrader 5, Ctrader

Year Founded: 2011

XM

XM was founded in 2009. With many years of experience, XM can now boast over 5 million client registrations in 196 countries around the world.

XM is one of the most recommended brokers for trading. They offer over 1000 trading instruments and depending on the account you choose; spreads can go as low as 0.0.

You can find help in many languages during the respective country’s working hours. Some countries like Australia can offer 24/7 customer support.

Of course, if you are new to CFD trading, the broker offers a wide range of educational materials. Including tutorials, live training, economic calendars, webinars and more.

Regulation: ASIC, FSC, CySEC

Minimum Initial Deposit: $5

Minimum. Lot Size Per Trade: 0.01 Lot

Leverage: 1:1000

Trading platform: Metatrader 4, Metatrader 5, Mobile Trading

Year Founded: 2009

Avatrade

AvaTrade was established in 2006 in Dublin, Ireland. The broker is regulated by the Central Bank of Ireland (reference number: C53877). But also in Japan. In Australia etc. When you register on the online broker AvaTrade, you know the choice between the exclusive platform of AvaTrade specialized for CFD trading on the Forex market. But also the very famous online trading platform MetaTrader 4 known as MT4.

AvaTrade has provided a powerful suite of automated trading platforms and tools, which they can use to improve their trading profitability. Novice traders who lack trading experience will find automated trading platforms particularly useful as they allow them to copy or replicate the trades made by their more experienced traders. This also helps to boost the confidence level of novice traders to engage in more trading activities. The range of automated trading platforms includes.

Regulation: ASIC, FSCA, Central bank of Ireland

Minimum Initial Deposit: $100

Minimum. Lot Size Per Trade

Leverage: 1:400

Trading platform:  Metatrader 4, Metatrader 5, Webtrader, AvaTradeGo,  AVAOptions, Duplitrade

Year Founded: 2006

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