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Best Broker for Extreme Scalper - When Spreads Matter

  • #161
  • Nov 20, 2015 7:56am Nov 20, 2015 7:56am
I am considering a new broker, anyone trading with Fresh Forex? What is your experience?

There is a promotion ongoing with 50% bonus (35%bonus +15% for switching from old broker), this also sounds interesting, but would not be decision point.

How true are these promotions/bonuses? Are they really useful?
  • #162
  • Edited 8:12am Nov 20, 2015 8:01am | Edited 8:12am
any extreme scalping EA will never work on a live market. I have tested more than 10 brokers.

maybe check out https://pricemarkets.com/trading/algorithmic-trading/
practising coitus interruptus
  • #163
  • Nov 20, 2015 12:41pm Nov 20, 2015 12:41pm
I would consider Key to markets, a great regulated ecn broker in London
Bulls are stupid Animals!especially when Im short!
  • #164
  • Edited Nov 22, 2015 9:58am Nov 21, 2015 7:55pm | Edited Nov 22, 2015 9:58am
Quoting ijak85107
{quote} sometimes average spreads are enough for scalping and i agree with you, the most important thing, are the brokers allow scalping, are they have scalping rules and it is hard nowadays to find out brokers that accept any trading style with restrictions so, better for scalper open a live account with a brokers only to check their spreads and we need to compare which broker has cheaper commisions
Yeah and you know what this is something I have learned from my experience, as I started with other companies like Instaforex where they have 5 minutes closing trade rule, so that caused a lot of issue for me and that's why I switch to Octafx since with scalping, it is vital that we get freedom to close trades early especially if we are trading in violate market. Now again I will say please don't just look at spreads, as scalping needs much more than just low spread.
  • #165
  • Nov 22, 2015 7:14am Nov 22, 2015 7:14am
Hasnt it been established that Instaforex is a russian scam since a long time?
  • #166
  • Nov 22, 2015 10:16am Nov 22, 2015 10:16am
Quoting shrike
Hasnt it been established that Instaforex is a russian scam since a long time?
To be fair i stopped working with them because i wanted more, but it was never to do with any wrong reason, so perhaps can you highlight what is the main reason for considering that? i obviously won't ever be going back to them again for certain reasons, but i still wish to know about what scam they do?
  • #167
  • Nov 22, 2015 10:59am Nov 22, 2015 10:59am
Quoting shrike
Hasnt it been established that Instaforex is a russian scam since a long time?
InstaForex has its own rates for deposit and withdrawal, so you never know how much money you're going to lose just because of its 'internal rate'.
  • #168
  • Dec 25, 2015 2:27pm Dec 25, 2015 2:27pm
Whats going on with tickmill, why the spread in myfxbook shows so low but in mt4 chart its high? Being said that I have checked with other brokers, they match exactly. Am i missing something?
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  • #169
  • Dec 26, 2015 4:57am Dec 26, 2015 4:57am
Quoting hovedguy
Whats going on with tickmill, why the spread in myfxbook shows so low but in mt4 chart its high? Being said that I have checked with other brokers, they match exactly. Am i missing something? {image} {image}
what is your account? Im using Tickmill ECN and never saw a spread of EURUSD higher than 1 pip ( except on news and new zealand open). I guess you are using the normal account which doesnt include commission fee.
  • #171
  • Dec 27, 2015 5:40pm Dec 27, 2015 5:40pm
Quoting brian.jer
{quote} what is your account? Im using Tickmill ECN and never saw a spread of EURUSD higher than 1 pip ( except on news and new zealand open). I guess you are using the normal account which doesnt include commission fee.

Hi Brian

I am using tickmill classic demo account. I don't think they provide ECN Pro account in demo
  • #173
  • Apr 15, 2016 10:11am Apr 15, 2016 10:11am
hi, nice thread.

I am also looking for a broker to do scalping...

so far, I've tried freshforex, not good. i opened a live ECN account:
On their site it states "From 0.003% per contract (from $1.90/ $30 per mln)3", of course I do not know what that means but I opened GBPUSD 0.01 and the charges was $0.08, so that's a no-no

octafx, didn't even give me a confirmation email after registering..

I'm going thru myfxbook spreads page to see who next to send my ID and utility bill... -_-
bit . ly/fantestimonials
  • #174
  • Apr 15, 2016 10:19am Apr 15, 2016 10:19am
XM(dot)com

Our company representative will be with you in a moment.

fan | 22:43
xm zero account, how much is the commission?

22:44 Desimir has joined the chat.

Desimir | 22:44
Welcome to XM.com! How may I assist you?

fan | 22:44
xm zero account, how much is the commission?

Desimir | 22:45
It is 10 USD per every 100,000 usd traded

fan | 22:45
is it stated on your site? i think it should be stated. thank you

fan | 22:48
XM accounts are also charged a commission of $5.0 per 1 lot traded.
is this correct?

Desimir | 22:51
It is 5 $ for opening and 5$ for closing in 1 standard lot , total = 10 $
This is for zero accounts only
Micro and standard accounts have no commission on trading

fan | 22:52
yes, thank you. so much.

22:53 fan has closed the chat.


---end---

well, myfxbook said $5 per lot, and I've also alerted them
bit . ly/fantestimonials
  • #175
  • Apr 15, 2016 10:25am Apr 15, 2016 10:25am
I am really looking to open with vipromarkets...

Chat started on 15 Apr 2016, 03:18 PM (GMT+0)

(03:18:13)*** Visitor 36766996 joined the chat ***
(03:18:13)fan: for the ecn pro account, is it true Vipro Markets accounts are also charged a commission of $2.0 per 1 lot traded.
(03:18:16)*** Lucy joined the chat ***
(03:18:33)Lucy: Hi Fan!
(03:18:40)Lucy: On ECN Pro account all commission charges are based on percentages (0.0020%) of the trade size in the base currency per side, and 0.0040% Round Turn. For example, if you open 1 lot EURUSD then the commission is 2 EUR per side and 4 EUR Round Turn. For 1 lot GBPUSD it is 2GBP per side and 4 GBP RT. For 1 lot AUDUSD it is 2 AUD per side and 4 AUD RT. If you have USD account then 4 EUR , 4 GBP , 4 AUD will be automatically converted to USD. So, for example, if you open 0,01 lot EURUSD then the commission is 0,02 EUR per side and 0,04 EUR Round Turn. Calculation: 1lot=100000, 0.01 lot=1000. 1000x0.0020%=2. And 2/100%=0.02 EUR per side or 1000x0.0040%=4. And 4/100%=0.04 EUR RT.
(03:21:37)fan: ok thank you lucy.. very good info.
(03:22:03)Lucy: You are welcome Is there anything else I could help you with?
(03:22:41)fan: i think that will be all
(03:22:45)*** fan has rated the chat Good ***
(03:22:59)*** fan has commented: very fast and thorough ***
(03:23:03)Lucy: Thank you for contacting us then and have a great day!
(03:23:56)*** fan left the chat ***
bit . ly/fantestimonials
  • #176
  • Apr 15, 2016 10:55am Apr 15, 2016 10:55am
alright, i'm sorry, didn't read the whole thread, tickmill is one of the best.

i went to tickmill and was very impressed by their youtube videos showing their spreads in NFP and wanting traders to succeed. however their site is very similar to vipromarkets...

tickmill:

Chat started on 15 Apr 2016, 03:46 PM (GMT+0)

(03:46:40)*** Visitor 1372020 joined the chat ***
(03:46:40)fan: Tickmill accounts are also charged a commission of $2.0 per 1 lot traded. is this true?
(03:46:43)Client Support: Hello fan. Our chat operator will help you in a moment.
(03:46:45)*** Natalja joined the chat ***
(03:46:53)Natalja: Hello
(03:47:05)fan: hi
(03:47:17)Natalja: There is no commission on Classic account.
(03:47:19)Natalja: On ECN-Pro account all commission charges are based on percentages (0.0020%) of the trade size in the base currency per side, and 0.0040% Round Turn.
(03:48:06)fan: ok thank you. can I know why is your website layout very similar to vipromarkets?
(03:48:50)Natalja: We cannot comment on that.
(03:49:13)fan: ok thank you very much.
(03:49:41)Natalja: You are welcome!
(03:53:40)*** fan left the chat ***

Chat started on 15 Apr 2016, 03:49 PM (GMT+0)

(03:49:59)*** fan joined the chat ***
(03:49:59)fan: Hi, I just went to tickmill(dot)com and the website is very similar to your site. are you both related?
(03:50:01)*** Lucy joined the chat ***
(03:50:51)Lucy: Hello Fan, we are a different company from Tickmill with different regulator (CySEC license: 278/15)
(03:51:06)Lucy: However we have different partners and Tickmill is one of them
(03:51:18)fan: ok thank you lucy
(03:51:38)Lucy: You are welcome, is there anything else I could help you with?
(03:52:38)fan: that's all.
(03:53:12)Lucy: If you have any other questions later on feel free to contact us
(03:53:36)*** fan left the chat ***
bit . ly/fantestimonials
  • #177
  • Aug 24, 2016 5:11am Aug 24, 2016 5:11am
hi
can someone define scalping ? Is the speed at which you open and close your trades ? Is it that your just skimming a few pounds here and there ? Or both ?

Im trading on a demo and have been doing for many many months... I do between 10 and 20 trades a day. Anything from open and close within a few mins , to leaving some open over night . some I close manually, some I put a limit call on .
Most of trades I open and close same day, as I say , anything from 2 or 3 mins or could be an hour or a few hours . If I can take many little profits , and keep my risk down then that's how I like to trade .
For an example ;
ive opened and closed about 20 trades this morning ..., ranging from 3 mins, to over an hour...am I a scalper?? ( think I am) ! Based on the above will a broker define me as a scalper ?
and ... Reverting to the opening of this thread ...Which broker for scalping ??
  • #178
  • Sep 1, 2016 3:53am Sep 1, 2016 3:53am
mostly I use EA that works well with me and since am also on a budget i use a free EA, so i use edragon for scalping since it has an inbuilt management function that could work for a trader interested in scalping.
  • #179
  • Sep 25, 2016 10:32pm Sep 25, 2016 10:32pm
https://tradeproofer.com/awards/brok...ad/2015/eurusd
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TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #180
  • Sep 25, 2016 11:25pm Sep 25, 2016 11:25pm
Quoting FXOjafar
{quote} Hi keroro0o0o I was active in forums before I was Director at FXOpen AU. I naturally continued posting in forums, helping out in support, finance and compliance for FXOpen AU because I am personally responsible for everything in the company. While I could just close my door and tell everyone else what to do, that is not the kind of person I am.
Hi Jafar,
Nice to meet you here
First, I met you at Talkgold
Happy Trading
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