Which UK broker for scalping?

Hey guys can anyone help? Which UK broker is good for scalping with low spreads?

That would kind of depend on your deposit amount. I guess if you only care about spread and nothing else the answer would be...........

£10000+ Lmax
£9999 or less Alpari UK MT5 ECN

Thanks mitch are these spreads fixed when news comes out and the spread is volatile? Scalping obviously requires a small as spread as possible because it will be harder to justify the risks on the small wins with the spread included!

No these are not fixed spreads. Alpari is an ECN account and Lmax is an exchange.

I would have thought it is only shit bucketshops that offer fixed spreads.

Oh no... ((
It is clearly visible you don't understand the market how it works or you want to bet against your broker!
Does it looks smart?!

Let say there is a news release. Friday NPF. Everybody watching the monitor and hoping to make the big deal.
It comes the release time XX:30. The news has major difference from forecast and previous value. Lets say is bad for the USD.
What you can expect is: In less than 30 seconds the price is able to move even 80 pip. How is possible? Everybody want to sell the USD, but the problem is for each seller there must be a buyer.

If you play with an ECN network:
- than you can observe a major lag. Until your broker receive your command to sell and he transmits to interbank channel to fill your offer it will move the price a lot!
In my case with Dukascopy and with Android and 3G connection ( worse can't be...) I needed to log in , enter the PIN, refresh rate, New order Sell, OK, and wait wait wait, repeat because timed out, when it was filled exactly 90 seconds elapsed! 90 seconds, when the price is moving 80 pip in 30 seconds! It can move to a direction and move to counter direction! So I have risked a tolerance of 3x80 pip = 240 pip. It was enough for me.
You from desktop not need to used the Pin, and probably not need to bypass the Dukascopy ultra slowly security layers in Android and you get it filled in 5 or maybe 10 seconds only. Which is 13 or 26 pip difference! This is only as "lag". You can set a tolerance of course, lets move to other problem.

When the news has huge impact everybody want to go in that direction and only a few inexperienced, offliners with pending orders are going in counter direction. For this reason the spread will be widening by its natural. And you want fixed spread, who will cover the difference?

If you are with a broker with fixed spread:
Oanda uk will widen his spread at EUR/USD to 10 pip, but I think is not really enough. Others are to many scams FxOjafar comapanies as if you win a trade than they will delete your winner positions! Other has virtual spikes http://www.forexfactory.com/showthre...27#post6247927 , on those only your SL is filled, nothing else. So if the real spread i 10-30 pip at interbank rates and you want a fixed 2-4 pip who will take the difference? -your broker isn't? Will give your broker time to sell it your offer at interbanking rates?

Do you really believe your broker will allow to pull 500k from they pocked with a simple trick? Weak up!

In 1 month there are around 22 working/trading days, each day 24h. Each hour has 60 min. So in 1 month you have 22x24x60=31680 minutes.
And you only want to trade at NFP, unemployment news release times? on those only 2? from 32k? Really but really want to fight against your broker and can't find another setup in the other 32k minutes?

I would suggest to live and let others to live. Do you fill better if you make 40k profit and before withdraw FxOjafar will cancel your winner trades as how he did! claiming it was a technical error and his liquidity provider gave data with errors, but only your winner trades are deleted? - but ofc he has the lowest spread! 0.1 pip go, be happy with him! He is an "ecn" rofl. He is not alone, many are like him, but he is very active here, with "yet another new forex company" and I have proof with what he did when he was at other company. Still the same man, just company name change. Like I told the are UK, and other UK+eu based who does exactly like him.

I was with LMAX, you can trade with they, I do recommend if you like the 1:100 leverage and the paper mails... I didn't like that.
I am with Alpari UK now, but really don't care about his spreads at news time. Not news time it is 1.6-2.5 for EUR/USD, if at news time is 10 pip I don't care.
I trust they: they will not make virtual spikes and they will give my money - as Oanda- , but I don't trade only the news spike and I give they enough time to send my orders to interbank or do internal matching whatever they like.

It is not UK company, but I am not talking about virtual red dragons on wall: http://www.forexfactory.com/showthre...99#post7037699