Best broker for scalpers? - Page 3
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Thread: Best broker for scalpers?

  1. #21
    I opened at hotforex. It was quick and easy (like most of brokers do)

    implementation is good enough. 4 celebrities...
    spread is obviously tight. Avg=1.5, min=1.2 max=1.7 (I saw)

    I don't know yet about withdrawing. I'll post. (if I make pips... lol)

  2. #22
    Quote Originally Posted by ;
    Armada Markets and LMAX have proven to be the best. If you start winning they don't mind.
    Yea, I adore LMAX, armada I believe is similar and in estonia.
    Lmax is a $10k to open account, but fxdme you can open account with $1k and utilize lmax.
    Distribute about 0.2 in eurusd most euro session

  3. #23
    Quote Originally Posted by ;
    I have had no connection issues with Armada like I have a fantastic VPS in London. Execution continues to be 0.258 seconds on average. Withdrawals are processed by them quicker than my brokers. Hope that helps.
    I've been hearing the word VPS, I did my research, but that I really don't see advantages for a scalper that trades manually, since the motives to use a VPS doesn't seem appealing for the folks that trade manually here is the reason:

    Speed: The VPS server is close to the brooker server, however you still need to send the order into the vps server and after that then vps server send the order to the broker server, isn't it slower this way?

    Internet disconnect/ power outage: Either way you can't access your VPS server so get into the market.

    For automatic trading I think that the VPS is a must, but for guide trading I really don't see any advantages.

    I am missing something?

  4. #24
    Quote Originally Posted by ;
    I've being hearing the term VPS, I did my research, but I don't see benefits for a scalper that transactions manually, because the reasons to use a VPS does not seem attractive for the people that trade manually here is the reason:

    Speed: The VPS server is close to the brooker server, but you still need to send the order into the vps server and after that then vps server send the order to the broker host, is not it slower this manner?

    Internet disconnect/ power outage: Either way you can not access your VPS server therefore get into the market.

    For automatic...
    in this scenario,what will u suggest for scalper?

  5. #25
    Quote Originally Posted by ;
    I have being hearing the word VPS, I did my research, however that I do not see benefits to get a scalper that trades manually, because the reasons to use a VPS does not appear attractive for the folks that trade manually here's the reason:

    Speed: The VPS server is close to the brooker server, however you still have to send the order into the vps server and then then vps server send the order to the broker server, isn't it slower this way?

    Internet disconnect/ power outage: Either way you can not access your VPS server so access the market.

    For automatic...
    You are not lost anything, and 100% correct.
    In several cases VPS are overrated. The usage of them does not apply to everything.

    It look like this notions a VPS will solve everything, bad EAs, bad trading, Bad scalping etc.. .

    Regarding scalping, it must maintain an authentic ECN Broker and non-mt4 platform.
    The ECN is a non-mt4 environment, therefore, even if a Brokers is a authentic ECN, but offers mt4, a bridge is necessary to send your orders outside. . All that means some form of delay.

    Now, for scalping in the ECN using a non-mt4 platform, you have to watch the spreads constantly. On occasion the spreads grow and no one is trying to rip you off... it is the market nature.

    J.

  6. #26
    You should strive Universal FX, I have multiple accounts for over a half a year and execution is really good. The new Ultimate account have tight spreads, take a look at http://www.fxintel.com. I shut my additional accounts at Pepperstone and Armada since the spreads are higher.

    But if you really need a good scalping platform you will have to loe a broker with an institutional platform and largely high deposits...

  7. #27
    FINMA blacklists Universal FX. Beware!

    Http://www.finma.ch/e/sanktionen/unb...aspx?orgid=281





    Quote Originally Posted by ;
    You Ought to attempt Universal FX, I have several accounts for over a half year and execution is really good. The new Ultimate account have tight spreads, have a peek at http://www.fxintel.com. I shut my additional accounts at Pepperstone and Armada as the spreads are higher.

    But in the event that you really require a fantastic scalping platform you'll have to loe a broker using an institutional platform and largely substantial deposits...

  8. #28
    Quote Originally Posted by ;
    Does anybody have any recommendations/reviews for brokers if you are scalping?
    Instaforex and forexmetal is providing awsum consequences for scalping, with reduced spread and agile implementation.

  9. #29
    Brokers together with the tightest spreads would naturally be the very best for scalping, assuming that they let it. I exchange with Exness and Hotforex. Both of them are good. Exness is even better since they offer you the smallest spreads I have ever seen, even for smaller traders. Neither of them accepts U.S. residents, though.

  10. #30
    Quote Originally Posted by ;
    how about OctaFx ? Not certain whether controlled, I believe it's a new broker but great for scalp. Fast execution, very low spread.

    Anyone kindly want to share experience together ?
    I do have my account started 2 months ago !
    Initially glance everything appears to be fine: low spreads, quick execution, quick response of service.
    Troubles came in when I traded the number of Lots necessary to make the bonus withdrawable :
    They did make it withdrawable, but then wrote me an email saying a third party may have illegally used my account so they want an evidence of my identity like passport, bank referrence letter and evidence of adress all of apostiled and notarized by jurisdiction in form of HARD COPIES delivered to an adress in St. Vincent and the Grenadines. I still waiting for an answer and shipped it.
    I composed an email to an attorney in law in St. Vincent and the Grenadines that really told me OCTAFX was incorporated and they do have the right to demand for hard copies to evidence identity.
    Some matters to me appeared somewhat bizarre, like they say the following:
    Secure withdrawal rules Since a drawback from a real account requires an email verifiion, no one can access your account on your own. It's also mandatory that you use the same payment details for deposits and withdrawals..., but then want you to really send hard copies !!
    -When opening the account you'll upload files that's then VERIFIED, so the confirmation is useless since they demand for hard copies if you want to draw.
    -When closure positions you may see the spread on 10 points or so depending on liquidity, but when really closing the place, its FAR below the bid (I shall upload screenshots that evidence)
    and the LOT dimensions in opening positions unexpectedly jumped from 0.1 to 0.2, switching back and forth, maybe that's how they attempt to achieve a margin call or its only an internal error
    Equity is more than 250 % compared to the start 2 months ago which you can see in my account numbers
    If the letter (which can be inscribed) is just being delivered to a non existing adress or if they keep on investigating my account free of reasonable circumstance there'll be no reason to select them as a broker an despite very fast execution and anything else there'll be fraudulent activities behind!

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