Many Forex brokers offer their traders a feature called scalping. Scalping is a rapid trading style where the trader looks for small profits, between pips by opening and closing trades that last less than a minute over and over again.
Scalping is also referred to as snipping or churning. The best scalping Forex brokers offer an opportunity to hold positions for mere seconds and use tight stop-loss orders on them. Some brokers allow scalping in general but impose some restrictions on scalpers in form of additional commissions, spreads or trade number limits. Not every Forex brokers permit scalping. Most, however, will allow some scalping in non-aggressive style which means a trader will have long-term trades along with short lived trades once in a while.
It is the traders' responsibility to check broker scalping policies in the client agreement. It is important to do a proper comparison before opening an account with any Forex broker. Listed below are the top Forex brokers that allow traders to scalp. FXCM was listed among the fastest growing companies by Inc.
It is regulated and licensed in each of them. FxPro is a full-service company that caters to both experienced and beginner traders. Founded in , FxPro has established itself as one of the leading Forex brokers in the industry. Despite its small size, it offers the same features and services as larger trading companies and even more including a wide range of options and a landing page that is chock full of useful information. Navigation throughout the site moves along at a rapid clip and opening either a real or demo account is quick and easy.
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