Best Broker for Extreme Scalper? | Forex Factory

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Best Broker for Extreme Scalper?

  • #1
  • First Post: Oct 9, 2015 5:15am Oct 9, 2015 5:15am
i need broker with 0.3-0.5 or less if possible for major pairs
  • #2
  • Oct 9, 2015 5:19am Oct 9, 2015 5:19am
MAXFX doing a promo right now I think for myfxbook users $4 commission .1 spread
All posts are my personal opinion
  • #3
  • Oct 9, 2015 6:02am Oct 9, 2015 6:02am
Quoting Rtm
MAXFX doing a promo right now I think for myfxbook users $4 commission .1 spread
did you mean 0.10 spread ?
if that so , i'll try it out
  • #4
  • Oct 9, 2015 7:19am Oct 9, 2015 7:19am
Quoting Imka
{quote} did you mean 0.10 spread ? if that so , i'll try it out
But the interbank spread is always around 0.10 -- 0.20. You need to check out the commissions.

on cTrader most spread are always very low but you must add the commisions
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #5
  • Oct 9, 2015 7:22am Oct 9, 2015 7:22am
Quoting Lacunoide
{quote} But the interbank spread is always around 0.10 -- 0.20. You need to check out the commissions. on cTrader most spread are always very low but you must add the commisions
how does it work i don't understand why commissions ?
can u explain ?
  • #6
  • Oct 9, 2015 7:51am Oct 9, 2015 7:51am
Quoting Imka
{quote} how does it work i don't understand why commissions ? can u explain ?
My friend , the "true spread" of the interbank is very low. Most of the time. It is the spread paid to liquidity provider.


But the broker need to charge something to survive, so, there is a commission that is paid to the broker.

SO, on ECN:
1) spread (very low) to the liquidity providers +
2) Commissions to the broker.

the commission is volume based, they charge something for ever 100K of volume.


I use fxpro for live trading, with variable spread, most of the time is about 0,9 - 2 on majors, you need an indicator to check the spread so you can enter when the spread is lower. On MT4 is "all inclusive" you see only the spread including che commission .

On cTrader they are separated, but in some MT4 brokers there is also the commision
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #7
  • Oct 9, 2015 8:32am Oct 9, 2015 8:32am
Quoting Lacunoide
{quote} My friend , the "true spread" of the interbank is very low. Most of the time. It is the spread paid to liquidity provider. But the broker need to charge something to survive, so, there is a commission that is paid to the broker. SO, on ECN: 1) spread (very low) to the liquidity providers + 2) Commissions to the broker. the commission is volume based, they charge something for ever 100K of volume. I use fxpro for live trading, with variable spread, most of the time is about 0,9 - 2 on majors, you need an indicator to check the spread so you...
do you recommend any broker with very tight spreads like 0.20 or 0.30 and so good
i wanna go with fxdd or fxgrow are they good ?
  • #8
  • Oct 9, 2015 8:35am Oct 9, 2015 8:35am
Quoting Imka
{quote} do you recommend any broker with very tight spreads like 0.20 or 0.30 and so good
I do not think that you can find a broker with such a low spread...

generally they are all around 0.8 -- 1-- 2.


A really good broker you can find around 0.8 / 1.9 for eurusd including commissions... below that it is very hard
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #9
  • Oct 9, 2015 8:43am Oct 9, 2015 8:43am
Quoting Lacunoide
{quote} I do not think that you can find a broker with such a low spread... generally they are all around 0.8 -- 1-- 2. A really good broker you can find around 0.8 / 1.9 for eurusd including commissions... below that it is very hard
so why they're saying that their spreads around 0.30 or 0.50 for fxdd are they scamming or they're displaying the spread without commission
  • #10
  • Oct 9, 2015 8:45am Oct 9, 2015 8:45am
Quoting Imka
{quote} so why they're saying that their spreads around 0.30 or 0.50 for fxdd are they scamming or they're displaying the spread without commission

I checked on myfxbook I think the average spread for FXDD including commissions is always around 0.80 / 1.

It is very hard to find something below 0.80.


Perhaps with TickMill broker o Darwinex you can get something near 0.50 (but very very rare)
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #11
  • Oct 9, 2015 8:51am Oct 9, 2015 8:51am
Quoting Lacunoide
{quote} I checked on myfxbook I think the average spread for FXDD including commissions is always around 0.80 / 1. It is very hard to find something below 0.80. Perhaps with TickMill broker o Darwinex you can get something near 0.50 (but very very rare)
yeah man you're right i was not having any knowledge about commissions
now i see the real prices
  • #12
  • Oct 10, 2015 3:32pm Oct 10, 2015 3:32pm
Commission depends highly on your volume. If you're barely making a few million in volume every month (or worse: even less than that) you won't get a good deal with any serious broker (in the end: why should they even care for you? The commission is what makes them stay in business!).
  • #13
  • Oct 11, 2015 4:05am Oct 11, 2015 4:05am
try www.jfdbrokers.com they have an MT4 HFT Solution
practising coitus interruptus
  • #14
  • Oct 11, 2015 2:53pm Oct 11, 2015 2:53pm
As spreads Interbank market are around 0.2-3, it will be difficult to get them from your broker since he makes you pay fees.
  • #15
  • Oct 11, 2015 4:33pm Oct 11, 2015 4:33pm
Quoting avibe
try www.jfdbrokers.com they have an MT4 HFT Solution
LOL
HFT is absolutely impossible with meta.
I never heard any institutions use meta for hft.
meta is absolutely impossible below 200milliseconds.
jfd just use many plugin in meta to look specious.
I don`t believe such cysec brokers.
meta is just toy.
  • #16
  • Oct 11, 2015 5:56pm Oct 11, 2015 5:56pm
Quoting entheos
{quote} LOL HFT is absolutely impossible with meta. I never heard any institutions use meta for hft. meta is absolutely impossible below 200milliseconds. jfd just use many plugin in meta to look specious. I don`t believe such cysec brokers. meta is just toy.
I 100% agree with this.

MT4 is not a HFT platform .

Infact its the worst platform to trade on but it remains popular within the retail community and we know retail traders know best.
  • #17
  • Oct 11, 2015 7:22pm Oct 11, 2015 7:22pm
I think pepperstone can offer you even lower spread than mt4 platform
All posts are my personal opinion
  • #18
  • Oct 12, 2015 1:10am Oct 12, 2015 1:10am
Quoting Imka
{quote} do you recommend any broker with very tight spreads like 0.20 or 0.30 and so good i wanna go with fxdd or fxgrow are they good ?
You can get 0.0-0.2 pip "interbank" spread on commission accounts but you will have to pay commission too which varies from 4 to 10 bucks round-turn for standard lot. Make your own due diligence.
  • #19
  • Oct 12, 2015 4:09am Oct 12, 2015 4:09am
Quoting Imka
i need broker with 0.3-0.5 or less if possible for major pairs
So far I have worked with 3 brokers Instaforex, Exness and OctaFX. While for Instaforex the spread is very high up to 3 pips and the major issue is that at any cost the trade has to be above 5 minutes in order to pass fit. While with Exness I never did scalping, but their spread is decent. Now Octafx, as I am trading with them, I can say this is best fit for me at least especially if you are wishing to do trade on EU or EJ pair for scalping, as the spread is generally within that range you asked and there is no conditions on timing to close the trade, so that’s one of the best thing for me.
  • #20
  • Last Post: Oct 14, 2015 8:21am Oct 14, 2015 8:21am
Some Australian offered very low spread but as someone already mentioned the total including commission is between 0.7 pips. The only way you can get a lower commission fee is through an IB. Depending on the IB the total spread plus commission can be as low as 0.5 to 0.55 pips.
Different/opposing ideas will make us learn and understand many things.
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