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Best Broker for scalping

  • #1
  • First Post: Apr 20, 2012 1:38pm Apr 20, 2012 1:38pm
Hi Guys,

im testing diffrent trading strategyes.. right now, im testing one of my scalping strategyes on low timeframes.. m1/m5.. at the moment i have to many requotes with my current broker, so for this test, im looking for another one.. that offers a tight spread and a nice execution time..<and if its posible, les requotes, that i have at the moment

thank u guys in advance for recomandations....

<i would like to see just regulated brokers...>

Gl with the trades and a lot of green pipps!

@the moment i have 1.6 pipps spread for eu with my current broker
  • #2
  • Apr 20, 2012 1:54pm Apr 20, 2012 1:54pm
I know, that about this question we had alredy amfew open topics, but i would like to see some recent oppinions based on recent trading...

Gl with the trades
  • #3
  • Apr 20, 2012 3:54pm Apr 20, 2012 3:54pm
Quoting nzsolt85
Hi Guys,

im testing diffrent trading strategyes.. right now, im testing one of my scalping strategyes on low timeframes.. m1/m5.. at the moment i have to many requotes with my current broker, so for this test, im looking for another one.. that offers a tight spread and a nice execution time..<and if its posible, les requotes, that i have at the moment

thank u guys in advance for recomandations....

<i would like to see just regulated brokers...>

Gl with the trades and a lot of green pipps!

@the moment i have 1.6 pipps...
I'd recommend you take a look at Pepperstone, they have very fast execution and eurusd spreads are very good (~0.3 - 0.4 pips)
  • #4
  • Apr 20, 2012 4:13pm Apr 20, 2012 4:13pm
Quoting rooicol
I'd recommend you take a look at Pepperstone, they have very fast execution and eurusd spreads are very good (~0.3 - 0.4 pips)
i had the requote errors with alpari, im using pepperstone as well on diffrent projects.. but i had on the last few months a lot of connection errors related errors.. i dont know, if they sorted out recently, but im gona take a look..

Thanks for the recomandation..

maybe dukascopy?somebody its using it? or some another broker? i used to use dukascopy for swing trading, never for scalping, so i dont realy have prev. exp.with them

Gl with the trades!
  • #5
  • Apr 20, 2012 7:57pm Apr 20, 2012 7:57pm
Quoting nzsolt85
Hi Guys,

im testing diffrent trading strategyes.. right now, im testing one of my scalping strategyes on low timeframes.. m1/m5.. at the moment i have to many requotes with my current broker, so for this test, im looking for another one.. that offers a tight spread and a nice execution time..<and if its posible, les requotes, that i have at the moment

thank u guys in advance for recomandations....

<i would like to see just regulated brokers...>

Gl with the trades and a lot of green pipps!

@the moment i have 1.6 pipps spread for...
Here is something I have found that adresses scalping / broker issues very specifically. Interesting take on scalping. Here's the link.

Inserted Video



TSD
  • #6
  • Apr 23, 2012 4:58am Apr 23, 2012 4:58am
Quoting nzsolt85
i had the requote errors with alpari...
 Hi Nzolt85,

Requotes have been around ever since markets were allowed to float and are a natural consequence of that.

If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader.

The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.



 Alex

________
Alexander Chadwick
Alpari (UK) Representative

  • #7
  • Apr 23, 2012 6:05am Apr 23, 2012 6:05am
Nzolt85,

Most brokers see scalpers as scavengers and will watch you like hawks.
There are several brokers who claim to accept scalpers but ulitmately will limit your account in some way or other.
You could try price aggregators (such as CMS FX, etc) who aren't concerned about how the client is trading as long as there is volume going through.
You can either pay a small comm (15-20 per million traded) or take a slightly wider spread and pay no comms (still better than going through spread betting firms and most other brokers).
You are then trading on a proper institutional platform, with direct order routing and not on a synthetic market.
Only downside is you'll need to have a high level of funds in the account. But hey, if you're serious about earning money and want to trade and be a professional then this shouldn't be an issue.
  • #8
  • Apr 23, 2012 7:15am Apr 23, 2012 7:15am
Quoting nzsolt85
maybe dukascopy?somebody its using it? or some another broker?
Im using dukas (api that is). But their spreads are a bit wide (EU typically 0.8 and GU >1.2).
If I had the choice Id go with lmax proprietary api, their spreads are like half of that of dukascopy.
  • #9
  • Apr 29, 2012 2:35am Apr 29, 2012 2:35am
Thank u guys for the recommandations, im gona take a look.. And im gona try all the alternatives... Also Alpari Uk, i would like to have a question.. I see, that the recomandation from your side was a pro account. My question now: what its the advantage to have a pro account compared with the new mt5 ecn based account?there are any diffrences betw.spread/execution/comissions?

Gl with the trades!
  • #10
  • Apr 30, 2012 2:41am Apr 30, 2012 2:41am
Quoting nzsolt85
Thank u guys for the recommandations, im gona take a look.. And im gona try all the alternatives... Also Alpari Uk, i would like to have a question.. I see, that the recomandation from your side was a pro account. My question now: what its the advantage to have a pro account compared with the new mt5 ecn based account?there are any diffrences betw.spread/execution/comissions?

Gl with the trades!
Hi Nzolt85,

Spread, execution and commission* are the same for the Pro and MT5 accounts.
(*No commission charged for MT5 trades opened and closed by 1 July 2012)

There are differences in the minimum deposit, instruments, leverage and minimum/maximum trade size.

Open a demo account on each to see which one best suits your trading style.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #11
  • May 2, 2012 10:57am May 2, 2012 10:57am
Quoting Alpari UK
Hi Nzolt85,

Spread, execution and commission* are the same for the Pro and MT5 accounts.
(*No commission charged for MT5 trades opened and closed by 1 July 2012)

There are differences in the minimum deposit, instruments, leverage and minimum/maximum trade size.

[font=Verdana][size=2]Open a [url="http://www.alpari.co.uk/en/trading-accounts/demo-trading.html"]demo...
I opened an Ecn account with alpari to test the new mt5 platform. Until now, it works well, there are no comissioms til the period mentioned by alex but as i see the spreads are not so low, that i was been expected. Today in the most vol.market h.i had for the eu 0.8-1.2 spread.. Hmm if the comissions are gona be added, then i think, that even a standard account will be fine for me... but lets hope, that on the next test week im gona see some better spreads for an ecn account.

Also im gona check it now the avafx lets see, first the spread descr.

Gl with the trades!
  • #12
  • May 2, 2012 12:51pm May 2, 2012 12:51pm
Quoting rooicol
I'd recommend you take a look at Pepperstone, they have very fast execution and eurusd spreads are very good (~0.3 - 0.4 pips)
hey bro,r u using pepperstone as well,besides armada?
  • #13
  • May 2, 2012 5:02pm May 2, 2012 5:02pm
Quoting fxking
hey bro,r u using pepperstone as well,besides armada?
Yes, i'm using both both accounts.
  • #14
  • May 2, 2012 7:18pm May 2, 2012 7:18pm
Quoting rooicol
Yes, i'm using both both accounts.
in your opinion,which is better in terms of execution,overall? incuding withdrawal.if there is one,thanks!
  • #15
  • May 3, 2012 2:02am May 3, 2012 2:02am
Quoting fxking
in your opinion,which is better in terms of execution,overall? incuding withdrawal.if there is one,thanks!
They are both proving a very good server. Open an account with both and see for yourself, the minimum deposits are only $200. Execution speed also depends on your location.
  • #16
  • May 17, 2012 1:07pm May 17, 2012 1:07pm
You can chekout Armada Markets fast executions low spreeds broker . Homepage only looks boorish
  • #17
  • May 18, 2012 2:07am May 18, 2012 2:07am
thanks for the recomandation. on last time, i heard a lot about Armada.. so on some point next week, im gona give them a try

Gl with the trades!
  • #18
  • May 19, 2012 6:31am May 19, 2012 6:31am
can any one help
Forexbroker ensure stop and take profit?
  • #19
  • Last Post: May 20, 2012 10:53pm May 20, 2012 10:53pm
Quoting rooicol
They are both proving a very good server. Open an account with both and see for yourself, the minimum deposits are only $200. Execution speed also depends on your location.

cannot tell the same about Pepper guys...
very nice, good price..!
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