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Best Broker for scalpers?

  • #21
  • May 20, 2016 7:11am May 20, 2016 7:11am
Quoting corre71
{quote} Can u tell us where i told u that "OCTAFX IS BAD - OCTAFX IS SCAM - OCTAFX IS WORLDS WORST BROKER RIGHT?" U are the same person which on another very popular forum only posts celebrating OCTA FX, and u know this because i have already told u this there If u need some advice about trading and forex feel free to contact me, there are a lot of things u can learn from me. If i run the same strategy on many brokers and on OCTA FX does not works this mean something. I have plenty of accounts in good profits and trading from more than 20 years....
BEFORE i get to rest of the post please explain this - U are the same person which on another very popular forum only posts celebrating OCTA FX, and u know this because i have already told u this there

I seriously feel bad for you as there is something very wrong with you mate.
  • #22
  • May 20, 2016 8:02am May 20, 2016 8:02am
Quoting Fedricks
{quote} BEFORE i get to rest of the post please explain this - U are the same person which on another very popular forum only posts celebrating OCTA FX, and u know this because i have already told u this there I seriously feel bad for you as there is something very wrong with you mate.
  • #23
  • May 27, 2016 1:19am May 27, 2016 1:19am
Update: last 2-3 weeks my Hotforex 0 spread account had a very bad bhaviour on my scalping strategy
While on all other brokers i am on new equity high, HF eated back all gains: simply all trades were losses, while most of them were in profits on all other brokers. So withdrawed all my funds there
So i do not recommend to use Hotforex for scalping: first due to stop level at 2-3 pips on all accounts u will have tons of off quotes message; then, if u manage to be profitable also with these errors, consider the possibility that the broker will act in some way to take back what u have earned
This clearly confirm that HF is a pure MM. In the long run u cannot be profitable scalping with them
  • #24
  • May 27, 2016 2:49am May 27, 2016 2:49am
Quoting corre71
Update: last 2-3 weeks my Hotforex 0 spread account had a very bad bhaviour on my scalping strategy While on all other brokers i am on new equity high, HF eated back all gains: simply all trades were losses, while most of them were in profits on all other brokers. So withdrawed all my funds there So i do not recommend to use Hotforex for scalping: first due to stop level at 2-3 pips on all accounts u will have tons of off quotes message; then, if u manage to be profitable also with these errors, consider the possibility that the broker will act...
Truly interesting! Did you find anything that would explain the differences?

Reminds me of an issue I had with JFD lately. Although the filled quotes were top notch, the "confirmation" of the trade execution arrived on MT4 with something about 3-5 seconds delay. Likely an issue with their MT4-Bridge or MT4 servers. In this mentioned timeframe my bot was not able to react on price movements which is not acceptable for my style of trading despite the still perfect price filling. Could this be a reason for you as well?

It can be checked by comparing the activation times of identical trades in the journal of different brokers on the same VPS.
  • #25
  • May 27, 2016 3:39am May 27, 2016 3:39am
Easy best broker is Pepperstone.

Don't waste your time
  • #26
  • May 27, 2016 3:42am May 27, 2016 3:42am
They are not the worst, that's true .. having them in basket as well. But diversifaction is the truth!
  • #27
  • May 27, 2016 6:56am May 27, 2016 6:56am
Quoting Drolph
{quote} Truly interesting! Did you find anything that would explain the differences? Reminds me of an issue I had with JFD lately. Although the filled quotes were top notch, the "confirmation" of the trade execution arrived on MT4 with something about 3-5 seconds delay. Likely an issue with their MT4-Bridge or MT4 servers. In this mentioned timeframe my bot was not able to react on price movements which is not acceptable for my style of trading despite the still perfect price filling. Could this be a reason for you as well? It can be checked by...
I know what happened and it is exactly what happened to a dear friend of mine, who exchange with me stats on several different brokers, few weeks ago, but better to not be so explicit.
  • #28
  • May 27, 2016 6:57am May 27, 2016 6:57am
Quoting TwFXtrader
Easy best broker is Pepperstone. Don't waste your time
Yes, Pepperstone is the best but a diversification is necessary
  • #29
  • May 27, 2016 7:01am May 27, 2016 7:01am
Some other broker suggested? but based on live trading activity by real traders and using scalping strategies (possibly automated)
  • #30
  • May 27, 2016 1:23pm May 27, 2016 1:23pm
Vipro Markets or Interactive Brokers through java API.
  • #31
  • May 29, 2016 2:27pm May 29, 2016 2:27pm
Quoting giuse224
whit: -low spread or commission -low deposit -high margin which broker?
Hello! IronFx and XM, and the last one better I think because it has no min deposit and leaverage max 1:888
  • #32
  • May 29, 2016 9:35pm May 29, 2016 9:35pm
Assuming the use of a rebate service to lower the trading costs (which is imperative for scalpers imho), XM is not recommended as they are not rebating for trades hold less than five minutes.

Next to that leverage is comparable unimportant for scalpers.
  • #33
  • Edited 10:51pm May 29, 2016 10:24pm | Edited 10:51pm
IronFX?? Hmmmmm.
It was IronFX and their shenanigans with 100s of Chinese clients that put me off brokers regulated in Cyprus completely. That and the crap experiences I've had with FXPro. If it comes from Cyprus, I don't touch it with a bargepole. Just my own personal resolution.
I myself am on the lookout for another good broker for scalping. I like the look of VantageFX (ASIC regulation---500:1--- $1000 min dep). I've heard good things about VantageFX, but they haven't gotten back to me with a query I have here on FF, so...'til then...
I scalp most days and I've had excellent execution and spreads from IC Markets (ASIC regulation---500:1--- $200 min dep), since Feb this year. No requotes, no crazy negative slippage & no platform freezes or other Market Maker tactics. Sometimes I even get positive slippage!
Before them I was with Global Prime (ASIC regulation---200:1--- $500 min dep), , a decent broker,great customer support from Jeremy & staff over there... nothing bad to say about them, but IC Market spreads are that much tighter and they offer 500:1 leverage. Got a great VPS with Global Prime for trading 20 lots per month. They'll bend over backwards for you.
Can vouch for Pepperstone (ASIC regulation---500:1--- $200 min dep), too, but I get better rebates for IC Markets ECN account.
Apparently Darwinex (FCA regulation---200:1--- $200 min dep)offers good execution, just NEVER trade during news through them apparently.
Heard good things about FXPig--NZ regulated,too. Their CEO seems like a great guy knows waht he's talking about...see his FXSTreet interview on YouTube. Dunno enough about them,though.
Heard good things about Tickmill (FSA Seychelles regulation---500:1--- $25 min dep), very popular in Asia, but Seychelles regulation scares me a bit.
Hope this helps.
  • #34
  • May 29, 2016 10:55pm May 29, 2016 10:55pm
Hello

For scalping with STP ECN with fast execution is good BUT... sometime with some broker ECN is STP IS NOT SAME TRUE ECN.

1 ECN STP you need understand have floating spread + slippage + commission = lose hight market but not always
2 ECN True spread no move much + slippage + commission = win

The best is low spread no commission and 0 slippage but that is dream hehehe

Warning is not always true what i say because when hight market sometime spread explose and some broker no have problem with that some broker is up too much.

for compare i see already Icmarket when have red news spread no up much 0.8 maximum but alpari ecn is more 2.4

For Good scalping is just have good broker good condition only and that same with the best EA you cannot escape, if you trade manual is not same.

i hope my message is good
  • #35
  • May 30, 2016 12:36am May 30, 2016 12:36am
I would skip Iron Fx for sure. I suggest to skip even FXCC and Alpari Russia

Yes, XM do not pay rebates on short duration trades, and FXTM does not pay rebates on trades held for less than 1 min
  • #36
  • May 30, 2016 12:57am May 30, 2016 12:57am
Quoting corre71
Yes, XM do not pay rebates on short duration trades, and FXTM does not pay rebates on trades held for less than 1 min
So true Corre71 and Drolph!
Rebates really can add up if you're only scalping for a few pips! For example, it's why I opted for IC Markets over Pepperstone initially. They both charge $7 commission, but I could only find $0.80 rebate per round turn for Pepperstone ECN while I also found IBs with rebates at $1.60 per round turn for IC Markets.
If you think about it...this means paying $550 commissions for every 100 lots traded versus paying $620. Over the long run you would feel that.
Commission cost should therefore also be considered when choosing an ECN broker. Some charge $10 and more while others charge as little as $2.50.
  • #37
  • May 30, 2016 2:14am May 30, 2016 2:14am
Quoting Doji Star
{quote} So true Corre71 and Drolph! Rebates really can add up if you're only scalping for a few pips! For example, it's why I opted for IC Markets over Pepperstone initially. They both charge $7 commission, but I could only find $0.80 rebate per round turn for Pepperstone ECN while I also found IBs with rebates at $1.60 per round turn for IC Markets. If you think about it...this means paying $550 commissions for every 100 lots traded versus paying $620. Over the long run you would feel that. Commission cost should therefore also be considered when...
For Pepperstone you can get $0,9 rebate http://www.100forexrebates.com/brokers/pepperstone. Remember that with Pepperstone and IC Markets you pay lowest commission on AUD account, 7 AUD, not 7 USD, so for EURUSD normal cost is 0,1 pip spread + (7-1,61)*0,72 USD = 0,49 pip spread
  • #38
  • May 30, 2016 2:21am May 30, 2016 2:21am
Quoting insomniawawa
{quote} For Pepperstone you can get $0,9 rebate http://www.100forexrebates.com/brokers/pepperstone. Remember that with Pepperstone and IC Markets you pay lowest commission on AUD account, 7 AUD, not 7 USD, so for EURUSD normal cost is 0,1 pip spread + (7-1,61)*0,72 USD = 0,49 pip spread
You have pointed something which many do not notice. All my accounts there are in aud
  • #39
  • May 30, 2016 3:11am May 30, 2016 3:11am
Quoting insomniawawa
{quote} For Pepperstone you can get $0,9 rebate http://www.100forexrebates.com/brokers/pepperstone. Remember that with Pepperstone and IC Markets you pay lowest commission on AUD account, 7 AUD, not 7 USD, so for EURUSD normal cost is 0,1 pip spread + (7-1,61)*0,72 USD = 0,49 pip spread
Thanks for that insomniawawa. Pepperstone is worth having in one's 'stable' of brokers so something to look into for sure.
dont know why I forgot to mention A$ not USD.

Quoting corre71
{quote} You have pointed something which many do not notice. All my accounts there are in aud
Same here.
  • #40
  • Jun 4, 2016 8:26am Jun 4, 2016 8:26am
Have any one faced with huge slippages with ICMarkets? I always get 0.5 slippages for entry and 1-2pips for stop out although the latency is about 2-3ms. I plan to use the other VPS with the latency is less than 1ms because I see on someone portfolio on myfxbook, they never get huge slippages as I do. How could I reduce the slippages for trading breakout strategy ?
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