Best Forex Trading Platforms For Scalping

The top forex brokers with great scalping software list is.

  • OANDA - Good Technical Analysis With TradingView
  • FP Markets - Best For Broker Scalping Overall
  • BlackBull Markets - Fastest Broker for Scalping
  • IC Markets - Good Futures Trading For Day Traders
  • Pepperstone - Top Choice For Scalping With MT4
  • HF Markets - Great AI Trading Software For Scalping
  • FxPro - Good Scalping Conditions With cTrader
  • FXTM - Highest Leverage For High Volume Trading
  • Eightcap - Top Broker for Scalping Crypto
  • AvaTrade - Top Choice For Fixed Spread Trading
Broker Review Our Rating Regulation Standard
EUR/USD
Spread
Standard
GBP/USD
Spread
Standard
AUD/USD
Spread
Raw
EUR/USD
Spread
Raw
GBP/USD
Spread
Raw
AUD/USD
Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage Visit Broker
81 FCA, CIRO, ASIC
MAS, JFSA, FSC-BVI
KNF, NFA/CFTC, MFSA
0.6 0.9 0.7 - - - - - $0 70+ 4+ Visit Site
80 ASIC,CySEC
FSCA,FSA-S,FSC-M
1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 70+ 10+ 30:1 500:1 Visit Site
72 FMA, FSA 1.20 1.4 1.7 0.23 0.72 0.65 $3.00 72ms $0 64+ 11+ 500:1 500:1 Visit Site
85 ASIC, FSA-S
CySEC
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
98 SCB, ASIC
FCA, CySEC
1.10 1.40 1.20 0.10 0.40 0.20 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
46 FCA, FSCA, CYSEC
DFSA,CMA,FSA
1.2 1.9 1.8 0.1 0.3 0.7 $3.00 $0 38+ 19+ Visit Site
61 FCA, FSCA
CySEC, SCB, FSCM
1.32 1.7 1.95 0.32 0.37 0.51 $3.50 151ms $0 69+ 30+ 30:1 200:1 Visit Site
62 FCA, FSCA, CySEC
FSCM, CMA
1.9 2 2 0.0 0.0 0.5 $2.00 160ms $500 63+ - 30:1 300:1 Visit Site
75 ASIC, SCB
FCA,CySEC
1.0 1.0 1.2 0.06 0.73 0.27 $3.50 143ms $250 (Raw)
$500 (Standard)
40+ 250+ 500:1 500:1 Visit Site
64 ASIC, FSCA
CBI, KNF, CIRO
ADGM, FSC-BVI
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site
 

What Is The Best Trading Platform For Scalping?

You should use trading platforms with specific features tailored to rapid, short-term trading.

The right platforms will have low latency, fast order execution, and tight spreads.

We have carefully reviewed the top-rated platforms for scalping and narrowed them down to the best nine.

1. OANDA Best For Scalping Overall Including US Traders

OANDA

Forex Panel Score

81

Average Spread

EUR/USD = 0.6
GBP/USD = 0.9
AUD/USD = 0.7

Trading Platforms

MT4, TradingView, OANDA Trade

Minimum Deposit

$0

Why We Recommend OANDA

OANDA is our top pick for 2024 for most traders who are interested in scalping. Despite not providing RAW spreads, its competitive average spread of 0.7 pips without commissions is highly competitive for short-term trading. Moreover, OANDA’s accessibility to traders in the USA and Canada, where many brokers do not operate, solidifies its standing as our top recommendation for scalpers.

Pros & Cons

  • Wide range of instruments
  • Well Trusted
  • Regulated by FCA
  • TradingView
  • No minimum deposit
  • Limited single-stock CFDs
  • Hidden fees
  • Customer service can be slow
  • Few cryptocurrencies

Broker Details

OANDA offers a decent range of trading platforms, including OANDA Trade, MetaTrader 4, and TradingView, which we think is the best choice. The TradaingView platform has 100+ built-in technical indicators, 17 chart types, and 50+ drawing tools, including Fibonacci retracements.

What stood out for us is the platform’s built-in Forex Screener, which allows you to set up a filter based on technicals (such as above/below a moving average) or the current price level. You can filter the settings only to show specific currencies or categories such as majors, minors, or exotics. We also liked that you can set the timeframe of the scanner, which goes as low as 1 minute – perfect for scalping.

We think this is useful if you are a scalper, as it can narrow down the forex pairs that match your trading criteria, making it easier to find trades during the day.

While opening the OANDA account, we noticed they don’t offer RAW spreads, which may be a turnoff for some scalpers. However, when we tested the broker’s average major pair spreads, it offered an average spread of 0.7 pips with no commissions, which is very competitive, especially with ECN brokers.

Standard Account Spreads
1.10 1.20 1.30 1.30 1.30
1.10 1.20 1.40 1.40 1.40
1.20 1.70 1.50 1.40 1.30
1.20 1.80 1.90 1.90 1.60
1.90 2.00 2.40 2.00 2.20
1.32 1.95 1.37 1.70 1.40
1.40 1.40 1.70 2.00 1.40
0.62 0.77 1.27 0.83 0.74

Avg. spreads are taken from each broker's website and updated monthly. Last update on 06/01/2024

SUMMARY OF WHY OANDA IS THE BEST OVERALL BROKER FOR SCALPING

We recommend OANDA as the best broker for scalping in 2024, notably for its highly competitive average spreads of 0.7 pips without commissions, making it ideal for short-term trading strategies. The platform’s extensive accessibility to traders in the USA and Canada, coupled with a versatile range of trading platforms including TradingView with advanced charting and a customizable Forex Screener, ensures a top-notch trading environment for scalpers globally.

View Oanda ReviewVisit Oanda

Broker Screenshots

2. FP Markets Top Low Spread Broker

FP Markets

Forex Panel Score

80

Average Spread

EUR/USD = 1.1
GBP/USD = 1.3
AUD/USD = 1.3

Trading Platforms

MT4, MT5, cTrader, TradingView

Minimum Deposit

$100

Why We Recommend FP Markets

FP Markets stands out as our top pick for a low-spread broker and has consistently been one of our favourite brokers for many years now.

The firm’s hallmark of providing consistently tight spreads has often been a fantastic option when we’re focused on running scalping strategies. The tight spreads ensure that we can execute our trades efficiently and cost-effectively.

The platform’s competitive pricing model, coupled with minimal slippage, fosters an ideal trading environment for those engaged in high-frequency trading activities.

Pros & Cons

  • Tight spreads
  • Fast execution
  • Over 33 account funding options
  • High leverage
  • No inactivity fee
  • Withdrawal fees
  • May requote prices and cause delays
  • Spread may widen during volatile market conditions
  • Lacks trading platform diversity

Broker Details

1. LOW SPREADS AND COSTS

best trading platform for scalping 2024FP Markets can offer tight spreads as they source prices from multiple tier-one liquidity providers. This allows Forex traders who employ scalping to take advantage of spreads starting from 0.0 pips using the FP Markets Raw Spread account. The RAW spread accounts average spread on major currency pairs such as EUR/USD of 0.1 pips most of the time, which is one of the best available from brokers worldwide.

Below are the spreads of the range of Forex brokers who advertise their average spread on their website. This table is updated monthly.

Raw Account Spread Comparison
0.20 0.30 0.10 0.30 0.20
0.60 0.66 0.23 0.90 0.65
0.14 0.25 0.02 0.27 0.17
0.40 0.60 0.10 0.40 0.20
0.10 0.40 0.10 1.20 0.70
0.70 1.13 0.52 0.86 0.80
n/a 0.60 n/a 0.60 0.50
0.23 0.20 0.06 0.42 0.27

Avg. spreads are taken from each broker's website and updated monthly. Last update on 06/01/2024

Commissions when trading with FP Markets is $3.00 side / $6.00 round turn. These commissions are in line with commission charges from other brokers making them suitable for high-volume traders. Scalpers can place orders between the spread due to no minimum order distance and a freeze level of 0. All orders, including Stop-Loss orders, can be placed at any distance from the current market price.

2. ECN TRADING ENVIRONMENT

FP Markets’ raw pricing along with a MetaTrader server located in the Equinix NY data centre gives STP / ECN style trading conditions. The main advantage of brokers that use STP / ECN style conditions can be summarized by low latency and minimized probability for slippage, no dealing desk, no re-quotes, and fast order execution.

MetaTrader 5 offers Depth of Market, which allows traders to visualize the entire range of available prices derived directly from its liquidity providers. This ensures complete transparency of all liquidity for any currency at any moment.

3. STRONG FOREX REGULATION

FP Markets complies with strict regulatory standards by some of the most reputable Forex authorities worldwide. FP Markets is regulated in Australia by the Australian Securities and Investments Commission (ASIC) and in Europe by the Cyprus Securities and Exchange Commission (CySEC).

“Raw Spreads + Fast Speed + Reduced Slippage = FP Markets”

SUMMARY OF WHY FP MARKETS IS THE TOP LOW-SPREAD BROKER

Based on our thorough testing, FP Markets has emerged as our top choice if you’re seeking a low-spread broker.

The firm distinguishes itself with its consistently tight spreads across its wide range of trading products..

Our long-time experience with the broker has shown us it’s an exceptional option for scalping strategies. The competitive pricing model and minimal slippage create a conducive environment for high-frequency trading where you have to minimise your trading costs and fees.

3. Blakbull Markets Fastest Broker for Scalping

Blakbull Markets

Forex Panel Score

72

Average Spread

EUR/USD = 0.23
GBP/USD = 0.72
AUD/USD = 0.65

Trading Platforms

MT4, MT5, cTrader, TradingView, BlackBull Social, BlackBull Shares, BlakcBull Trade

Minimum Deposit

$0

Why We Recommend BlackBull Markets

We found BlackBull Markets to have the fastest execution speeds, making it an ideal choice for scalping strategies that rely on speed and efficiency. With advanced technology and strategically placed servers, BlackBull Markets achieved an average limit order speed of 72 milliseconds, which is 44.6% faster than the industry average of 130 milliseconds. For market orders, their speed was 90 milliseconds, 36.2% quicker than the industry average of 141 milliseconds.

Overall, BlackBull Markets offers competitive spreads, low commission fees, and a commitment to providing the fastest trade executions, creating a superior platform for scalpers.

Pros & Cons

  • Ultra-fast execution speeds
  • Low spreads starting from 0.1 pips
  • No minimum deposit required
  • Wide range of trading platforms and instruments.
  • High leverage options
  • A $5 withdrawal fee applies to all withdrawal methods.
  • ECN Institutional Account requires a high minimum deposit of $20,000.
  • Limited educational resources for beginners.

Broker Details

METATRADER 4 & 5

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are widely loved in the forex industry for their advanced trading features, customizability, and user-friendly interface. BlackBull Markets supports both platforms, allowing traders to leverage their robust analytical tools, expert advisors (EAs) for automated trading, and one-click trading capabilities.

Both platforms are designed to cater to the needs of scalpers with features like rapid order execution, a comprehensive set of technical analysis tools, and the ability to access deep liquidity pools for better price execution.

ADVANTAGES OF TRADING WITH BLACKBULL MARKETS

For scalpers, speed is of the essence, and BlackBull Markets excels in this area with some of the fastest execution speeds in the industry. Traders can benefit from:

  • ECN Prime Account with spreads starting from 0.1 pips.
  • Ultra-fast order execution, with an average limit order speed of 72 milliseconds.
  • Direct access to liquidity providers, ensuring minimal slippage and optimal entry and exit points.
  • Availability of VPS (Virtual Private Server) services to further reduce latency.

BlackBull Markets is not just fast; it’s designed for the demanding requirements of scalping, making it our top recommendation for traders looking to execute this strategy.

LOW SPREADS AND COMPETITIVE COMMISSIONS

BlackBull Markets offers some of the lowest spreads and commissions in the industry. With the ECN Prime Account, traders enjoy spreads from as low as 0.1 pips plus a commission of $3.00 per side per 100k traded. These cost-effective trading conditions are ideal for scalpers, who benefit from narrow spreads and low trading costs.

Below is a comparison of spreads across various brokers, illustrating BlackBull Markets’ competitive edge:

FASTEST EXECUTION FOR SCALPING

BlackBull Markets’ commitment to ultra-fast execution is unmatched. With servers located in major financial hubs like New York and London, you’ll experience rapid order execution no matter where on the globe you’re located. The broker’s advanced infrastructure minimizes latency, ensuring that orders are executed at the best possible prices with minimal delay.

DIVERSE TRADING PLATFORMS AND INSTRUMENTS

If you’re a scalper or day trader, you’ll have specific needs for your trading platform, and BlackBull Markets meets these with a wide range of trading platforms (MT4, MT5, cTrader, and TradingView) and instruments. Whether trading forex, commodities, indices, or shares, BlackBull Markets offers the tools and assets scalpers are looking for.

SUMMARY OF WHY BLACKBULL MARKETS IS THE BEST FOR ULTRA-FAST SCALPING

BlackBull Markets stands out to us as the premier broker for scalpers seeking the fastest execution speeds in 2024. Its combination of low spreads, competitive commissions, and ultra-fast execution makes it our top pick for traders employing scalping strategies. With no minimum deposit required and a comprehensive range of trading platforms and instruments, BlackBull Markets is ideally suited for scalpers looking for efficiency and performance.

4. IC Markets Ideal STP & ECN Trading For Scalping

IC Markets

Forex Panel Score

85

Average Spread

EUR/USD = 0.62
GBP/USD = 0.83
AUD/USD = 0.77

Trading Platforms

MT4, MT5, cTrader, TradingView

Minimum Deposit

$200

Why We Recommend IC Markets

We highly suggest using IC Markets if you’re looking to trade futures CFDs due to the firm’s ultra-low latency, tight spreads, and unique range of futures CFDs.

We were quite surprised to learn that with IC Markets, we had access to trade the CBOE VIX index, Brent Crude Futures, ICE Dollar Index futures and even WTI Crude Oil futures. These are all serious products that you wouldn’t often find at retail-focused brokers.

The ability to trade the VIX index, or the ICE dollar index opens the door for us to trade some more sophisticated strategies, and we’d highly recommend this option to advanced and experienced traders.

Pros & Cons

  • Advanced analytics
  • Discounts for active traders
  • Educational materials
  • Tight spreads
  • Low-quality educational materials
  • High minimum deposit
  • Withdrawal fees
  • Slow live chat support

Broker Details

IC Markets is particularly good for scalping because it has ultra-low latency and fast execution. Trading is available with MetaTrader 4, MetaTrader 5, cTrader and TradingView

This enables you to enter and exit trades quickly to capture small price movements and gain more profits. Trading is available with MetaTrader 4, MetaTrader 5, cTrader and TradingView.

Apart from futures, IC Markets also provides the following instruments:

  • Forex
  • Commodities
  • Indices
  • Stocks
  • Cryptocurrencies

There are three accounts to choose from:

  • Standard Meta Trader: Best for new traders
    Average EUR/USD spread: 0.62 pips
  • Raw Spread MetaTrader: Best for scalpers and algorithmic traders. Average EUR/USD spread: 0.02 pips
  • Raw Spread cTrader: Best for traders wanting Depth of Market (DoM) and extra analytical tools

SUMMARY OF WHY WE RECOMMEND IC MARKETS FOR TRADING FUTURES

IC Markets is our stand-out pick for trading futures CFDs, distinguished by its ultra-low latency, competitive tight spreads, and unique assortment of futures CFDs not commonly offered by retail-focused brokers.

We were impressed to find we had access to premium products such as the CBOE VIX index, Brent Crude Futures, ICE Dollar Index futures, and WTI Crude Oil futures, showcasing IC Markets as an impressive broker for engaging in some more sophisticated trading strategies.

This wide range of offerings, combined with allowing access to our favourite trading platforms, positions IC Markets as our top choice for advanced and experienced traders looking to expand their trading strategies with futures CFDs.

ic markets account types brief

5. Pepperstone Top Choice For Scalping With MT4

Pepperstone

Forex Panel Score

98

Average Spread

EUR/USD = 1.12
GBP/USD = 1.69
AUD/USD = 1.22

Trading Platforms

MT4, MT5, cTrader, TradingView

Minimum Deposit

$0

Why We Recommend Pepperstone

Pepperstone stands out to us as the optimal broker for automated scalping with MetaTrader 4, thanks to its ECN pricing model and direct access to a wide network of top-tier liquidity providers. With that level of technology setup, we found that Pepperstone provided ultra-tight spreads, such as an average of just 1.12 pips on EUR/USD.

We were impressed to find the inclusion of 28 Smart Trader Tools specifically for MT4 enhances the precision and efficiency of scalping strategies, complemented by commission discounts for high-volume traders which can significantly lower trading costs. Furthermore, Pepperstone offers lightning-fast order execution speeds (orders filled in less than 77ms) that can be highly useful for automated high-frequency trading strategies.

Pros & Cons

  • Inclusion of 28 Smart Trader Tools for MT4
  • Commission discounts for high-volume traders
  • No inactivity fee
  • Extremely narrow average spreads
  • Higher leverage comes with greater risks
  • Potential for occasional slippage
  • Lacks specialist risk management tools
  • Withdrawal fees

Broker Details

We like that Pepperstone offers additional Expert Advisors for free that enhance your MetaTrader 4 experience by adding much-needed account and trade management tools to the platform.

One plugin we like and think it’s a must-use for scalping is the “Mini-Terminal” EA. This EA improves the default MT4 one-click trading feature by adding a default stop-loss, take profit, and trailing stop-loss order. These orders get added to each instant execution (instead of manually adding them after executing – which we can easily forget), ensuring your risk management is consistently implemented.

We also like that it shows how many lots you have open within the terminal, helping you keep track of scaling a position or how much exposure you have.

RAW pricing accounts offered by brokers like Pepperstone tend to offer spreads from zero-pips, which can boost your profit margins as a scalper, so we tested to see if Pepperstone offered this.

Our analyst, Ross Collins, used the MetaTrader 4 platform to track the RAW spread pricing on EUR/USD over 24 hours and compared it with 15 other brokers. He found that Pepperstone offered EUR/USD at 0.0 pips 100% of the time, way better than the industry average of 94%.

Zero Spread Testing
Broker Time At Minimum Spread
Pepperstone 100%
City Index 100%
Fusion Markets 98.55%
ThinkMarkets 97.93%
IC Markets 97.83%
TMGM 97.83%
FP Markets 97.83%
Eightcap 97.83%
Admirals 95.60%
Blueberry Markets 94.20%
GO Markets 87.68%
BlackBull Markets 86.96%

SUMMARY OF WHY PEPPERSTONE IS THE BEST METATRADER 4 SCALPING BROKER

Our team highly recommend Pepperstone as the best broker for automated scalping with MT4 due to its ECN pricing model, ultra-tight spreads (average 1.12 pips on EUR/USD), and lightning-fast execution speeds (less than 77ms). The inclusion of 28 Smart Trader Tools and commission discounts for high-volume traders can also offer substantial benefits for many traders.

Broker Screenshots

6. HFM (Formerly HotForex) Great AI Trading Software For Scalping

HFM (Formerly HotForex)

Forex Panel Score

50

Average Spread

EUR/USD = 1.2
GBP/USD = 1.9
AUD/USD = 1.8

Trading Platforms

MT4, MT5

Minimum Deposit

$100

Why We Recommend HFM

Our team carried out a full test of HFM (Formerly HotForex) — we found it to be a highly reliable and efficient broker for scalping. We found their cent account interesting as not many brokers offer this type of account.

HFM (Formerly HotForex) is equipped with advanced trading technology. This will provide you with low latency and high liquidity — two things necessary for successful scalping. Trading is available via MetaTrader 4, and MetaTrader 5 along with their proprietary platform called HFM Platform. We recommend scalpers use Expert Advisors for automation.

Pros & Cons

  • Low spreads
  • Educational resources
  • Multiple trading platforms
  • Fast execution
  • Few account currencies
  • Customer support closed on weekends
  • Account features dependent on your location
  • Account availability dependent on your location

Broker Details

While testing the HF Markets account, we liked the range of available tools, including AutoChartist and their AI-powered advanced insights tool. This AI tool piqued our interest because it collected millions of articles about the markets and provided a real-time sentiment analysis based on this data.

In particular, we thought the real-time volatility tool was impressive as it gave you a daily snapshot of where the volatility is rising or lowering. This tool lets you find the most likely to move assets and improve your chances of scalping a profit.

HF Markets also impressed us with its educational resources, consisting of 12 courses ranging from beginners to trading strategies. In fact, the trading strategies courses were excellent compared to other brokers we tested, as HF Markets gave step-by-step videos on strategies like their Fractal strategy.

Other brokers gloss over trading basics and offer limited and mostly useless trading strategies. So, the fact that HF Markets provided something different is a bonus, especially if you have just started trading.

The broker offers average RAW spreads from 0.1 pips on EUR/USD, which is decent and below the industry average of 0.22 based on our tests.

Broker Screenshots

7. FxPro Good Scalping Conditions With cTrader

FxPro

Forex Panel Score

61

Average Spread

EUR/USD = 1.32
GBP/USD = 1.7
AUD/USD = 1.95

Trading Platforms

MT4, MT5, cTrader, FxPro Trading Platform

Minimum Deposit

$100

Why We Recommend FxPro

FxPro stands out to us as a top cTrader broker, offering a variety of instruments and account options. You can also trade with MetaTrader 4, MetaTrader 5 and FxPro Trading Platform.

What we like the most about FxPro is the cTrader platform. It provides lightning-fast execution and tight spreads. And, if you use the FxPro Trading Platform, you can trade 10 currency pairs using fixed spreads and instant execution.

Pros & Cons

  • A diverse range of instruments
  • Tight spreads
  • Fixed spread available
  • Excellent customer support
  • Could be more competitively priced
  • Limited currency pairs
  • High trading fees for stock CFDs
  • Inactivity fee

Broker Details

We think the cTrader platform pairs nicely with FxPro as it is a no-dealing desk (NDD) broker, meaning FxPro passes your orders straight to the liquidity provider. This gives you tighter spreads, averaging 0.32 pips on EUR/USD with a commission of $3.50 per lot when using the cTrader platform compared to FxPro’s platform, which averaged 1.32 pips (but was commission-free) in our tests.

While testing the cTrader platform, we found that the platform had 65+ trading indicators and 11 chart types, including tick, renko, or range charts. What stood out for us is the Depth of Market tool, which shows you all the pending orders at each price level that the liquidity provider offers.

We like this because it gives you access to raw market data that you can use to find supply and demand zones, giving your scalps better accuracy. The platform also has one-click trading that can help boost your execution timings, which is a bonus.

The broker has a decent selection of markets, which includes 69 forex pairs, 2000+ stocks, 19 indices, 11 commodities and 30 crypto markets available through cTrader.

Broker Screenshots

8. FXTM Highest Leverage For High Volume Trading

FXTM

Forex Panel Score

62

Average Spread

EUR/USD = 1.9
GBP/USD = 2
AUD/USD = 2

Trading Platforms

MT4, MT5

Minimum Deposit

$10

Why We Recommend FXTM

We were impressed by FXTM’s high leverage ratios. A high leverage is ideal for scalping
as it allows you to control larger positions with a smaller amount of capital, therefore amplifying potential profits from small price movements.

Pros & Cons

  • Educational resources
  • 30+ languages supported
  • A diverse range of instruments
  • Tight spreads
  • Fast execution speeds
  • FXTM Trader is not available on all accounts
  • Does not support cryptocurrencies
  • Inactivity fee
  • Withdrawal fee

Broker Details

What interested us when reviewing FXTM was it offered high leverage on its trading accounts. Higher leverage is helpful if you are successful and want to take on more risk or if you have low funds and want more exposure for less margin.

We opened an account to test the leverage available, and during the signup process, the broker allows you to choose the leverage ratio for the account, which can be from 1:25 to 1:2000.

We confirmed this leverage by opening a demo account and placing a trade on the EUR/USD, which would offer the full 1:1000 leverage.

As you can see, the broker allowed us to execute the trade at the 1:1000 ratio, meaning we only had to fund $108.25. This is interesting as most brokers have max leverage of 1:30, which their regulators set, like the Financial Conduct Authority or Australian Securities and Investments Commission.

What also stood out with FXTM in our tests is how low their average RAW spreads were, averaging 0.32 pips for EUR/USD, which is lower than the industry average, which was 0.49 pips.

Broker Screenshots

9. Eightcap Top Broker for Scalping Crypto

Eightcap

Forex Panel Score

75

Average Spread

EUR/USD = 0.06
GBP/USD = 0.73
AUD/USD = 0.27

Trading Platforms

MT4, MT5, TradingView

Minimum Deposit

$100

Why We Recommend Eightcap for Scalping Cryptocurrencies

We highly recommend Eightcap for scalping cryptocurrencies due to its vast selection of cryptocurrency CFDs. This is a huge range, and we’ve found that there are many more trading opportunities in lesser-known cryptocurrencies, rather than the traditional Bitcoin and Ethereum products.

Additionally, Eightcap’s low spreads, particularly on its Raw Account, ensure low-cost trading, which is vital when we’re using a high-frequency trading, scalping trading strategy.

The platform’s support of MetaTrader 4, MetaTrader 5, and TradingView kept us very satisfied as we had easy access to advanced tools and charting options for real-time analysis and execution. All up, whenever we feel like scalping cryptocurrencies, Eightcap will be our first choice.

Pros & Cons

  • Extensive Range of Cryptocurrency CFDs
  • Competitive Spreads
  • Advanced Trading Platforms
  • Strong Regulatory Framework
  • Can be hard to navigate for Beginners
  • $100 Minimum Deposit Requirement
  • Regional Restrictions on Cryptocurrency Trading for European and UK traders

Broker Details

Eightcap stands out to us in the cryptocurrency trading space with its impressive array of over 250 cryptocurrency CFDs, making it our top choice for traders looking to explore beyond Bitcoin and Ethereum.

Eightcap is known for offering some of the lowest spreads in the market, which is important for scalping strategies. The broker also supports both MetaTrader 4 and MetaTrader 5 platforms, alongside TradingView integration, basically covering all bases in that regard.

Additionally, Eightcap is highly trustworthy, being regulated by some of the A-level top-tier regulatory bodies across the globe such as Australia’s ASIC and the UK’s FCA. However, traders in Europe and the UK may face certain regional restrictions on cryptocurrency trading.

Summary

Eightcap is easily our preferred choice for scalping cryptocurrencies due to its extensive selection of trading instruments, competitive spreads, and support for our favourite trading platforms.

The firm’s strong regulatory framework adds an extra layer of security which makes us feel safe. While there are some regional restrictions and a minimum deposit requirement, for many traders across the globe, Eightcap is easily one of the best options for taking advantage of a booming crypto market.

10. AvaTrade Top Choice For Fixed Spread Trading

AvaTrade

Forex Panel Score

64

Average Spread

EUR/USD = 0.9
GBP/USD = 1.5
AUD/USD = 1.1

Trading Platforms

MT4, MT5, AvaTradeGo, AvaOptions

Minimum Deposit

$100

Why We Recommend AvaTrade

After conducting in-depth testing of AvaTrade, we’ve concluded that this broker is our top choice for fixed spread trading. We found that when comparing a collection of major brokers that offer fixed spreads, that Avatrade came out on top for providing the tightest spreads, therefore making it a fantastic choice for scalpers.

Apart from the tight spreads, Avatrade offers a wide range of instruments, some of our favourite charting platforms and quality customer support, so overall we found it to firm to be a great quality broker.

Pros & Cons

  • Commission-Free Trading
  • Fixed Spreads
  • Wide Range of Instruments
  • Advanced Trading Platforms
  • Wider Spreads on Fixed Accounts
  • High Inactivity Fees
  • Slow Withdrawal Process
  • Geographic Restrictions on Certain Accounts

Broker Details

AvaTrade has earned its place as our top pick when it comes to fixed spread trading, which can be highly useful for traders who want to control the predictability of their trading costs. With its commission-free trading framework, AvaTrade provides tight fixed spreads across a variety of CFDs, including a comprehensive selection of 55 forex pairs, commodities, indices, and even bonds, making it particularly appealing for forex and metals options trading.

The AvaOptions mobile platform was a standout feature for us, and we could see ourselves using it as a risk management tool in the future.

AvaTrades’s commitment to accessibility is evident through the integration of popular platforms like MetaTrader 4 and MetaTrader 5, accommodating a wide range of trading strategies and styles.

Regulated in multiple jurisdictions, including Europe, the UK, Australia, the UAE, and South Africa, we feel very safe with the idea of keeping funds with the broker. The minimum deposit is a manageable $100, and there are no deposit or withdrawal fees and support for credit card transactions. All up, AvaTrade as quite an attractive option for traders focusing on fixed spread advantages.

Summary of why AvaTrade is our top choice for Fixed Spread Trading

AvaTrade earns our standout recommendation if you’re looking to trade with fixed spreads. Its ability to offer the tightest fixed spreads while offering a diverse range of trading instruments, access to preferred charting platforms for thorough analysis, and commendable customer support make it a great brokerage option.