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Forex scalping is a popular method involving the quick opening and liquidation of positions. The term “quick” is imprecise, but it is generally meant to define a timeframe of about 3-5 minutes at most, while most scalpers will maintain their positions for as little as one minute. The popularity of scalping is born of its perceived safety as a trading style. Exposure of a scalper is much shorter than that of a trend follower, or even a day trader. Noticing the popularity of scalping, many brokers have allowed scalping for traders. Here we reveal 6 of the best Forex brokers that allow scalping in 2022.
1. FP Markets
FP Markets is one of the most reliable and regulated online trading platforms that is known for its low FX trading fees and very tight spreads from 0.0 pips and high leveraged CFD trades. With over 20 years of experience in the broker, FP Markets also offers various trader protection schemes such as negative balance protection, NY4 Server facility fast order execution with no requotes on trade prices. The FP Markets trading platform provides trading in FX, commodities, cryptocurrencies and Share CFDs.
2. Swissquote
Swissquote is a London-based FX and CFD broker that comes under the regulation of the Financial Conduct Authority (FCA) in the United Kingdom since 2012. With over 360,000 clients worldwide, the broker provides over 160 FX and CFD instruments. It recently gained mainstream media attention after it was announced as the official partner of the Manchester United Football Club. Its in-house platform, Advanced Trader is known for offering a seamless trading experience and allows synthetic CFD trading.
3. Exness
Exness is a FX broker founded in 2008 with over 60,000 active client accounts all over the world. The broker is licensed by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). It offers several account types such as Classic, Mini, ECN, and Islamic. Customers can reach through email, phone, live chat, and others. Exness also provides negative balance protection.
4. CMC Markets
Founded back in 1989, CMC Markets is a UK-based multi-asset broker which offers a large collection trading instruments such as FX, commodities, indices, and individual shares, a comprehensive government bond listing and 14 cryptocurrency offerings (12 cryptos + 2 indices). The broker is suited for all types of trading participants, novice or experienced. However, the broker also has some setbacks, particularly that it doesn’t accept U.S.-based traders. It also has high CFD spreads for certain indices and allows no-back testing.
5. FXCM
Founded in 1999 and headquartered in New York, FXCM is a global, online provider of foreign exchange (FX) trading and related services to retail and institutional clients. It provides trading on up to 56 currency pairs from over 15 liquidity providers Expanded presence in Europe, Australia, and Asia. Clients benefit from FXCM’s large network of FX liquidity providers, enabling FXCM to offer competitive spreads on major currency pairs. FXCM also offers an enhanced mobile offering and recently made Trading Station available as an app for iPad and Android tablets. The app provides over 56 currency pairs, chart indicators, interactive charts, real-time news feeds and articles from DailyFX.
6. FXPro
FXPro is an award-winning online broker specialising in Contracts for Difference (CFDs) on foreign exchange, futures, shares, cryptocurrencies, spot indices, spot metals and spot energies. Since its establishment, the company has focused on being an innovator in retail FX and a driving force for transparency and fairness across the industry. It provides a host of different trading platforms such as Mt4, MT5, WebTrader, cTrader and Edge. With FXPro traders get access to CFDs on FX, spot metals, stocks, cryptocurrencies, spot indices and spot energies, CFDs on futures on selected agricultural commodities, energy and indices.
Conclusion
Many of us pursue trading merely as an additional income source, and would not like to dedicate five-six hours every day to the practice. In order to deal with this problem, automated trading systems have been developed, and they are being sold with rather incredible claims all over the web. Brokers have also recognised this h=and have started adding compatibility features with various automated trading robots as well.
