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Have you tried FXDD? Asked what their policy is on scalp trading.
Alpari UK allow scalp trading, I can personally confirm there are no problems for me with this. Hopefully posters will help build a list of scalp trading friendly brokers.
It is best if you have trader with a broker so we know for sure if they really allow this or not. Even still we read conflicting reports on some well known brokers.
Have you tried FXDD? Asked what their policy is on scalp trading.
Alpari UK allow scalp trading, I can personally confirm there are no problems for me with this. Hopefully posters will help build a list of scalp trading friendly brokers.
It is best if you have trader with a broker so we know for sure if they really allow this or not. Even still we read conflicting reports on some well known brokers.
Can you elaborate a little on Alpari - have you scalped with them over a consistent period, opening dozens of orders per day, with the time the orders were open not being an issue???
The reason I ask for clarification is that there have been perhaps half a dozen one-liners stating that Alpari allows scalping but not one could confirm this personally. If this is true, then they are the only broker that allows unimpeded scalping that I am aware of, so your "list" is going to be really short!
Finding a MT-supporting broker that allows 'true' scalping seems to be as difficult as finding a winning strategy - they may exist but those that know of them are staying tight-lipped, as witenessed by a number of people who have over time posted statements, but would not disclose the broker name! From what I recall, for the 'priviledge' of being allowed to scalp unhindered, they had to pay an additional commission, separate from the normal spread costs...
No, not consistently scalp traded throughout the day each day or anything as far as that. Mostly for testing different trade strategies out.
As you say though you don't have experience of this from your own trades or other traders trades.
It is worth opening an account to trade low volume lots to test for this. At least I think so if you intend to find a long term broker that allow it. I am waiting for Alpari to allow scalp trading with no spread. Still no set date for this so can't be sure if it will happen. When I asked they say it will and minimum trade volume of 5 lots per trade.
Do you manual scalp trade or look to use automated bot? Some are against automated trading but really I am not if a trade method has mechanical rules to begin with that is.
No, not consistently scalp traded throughout the day each day or anything as far as that. Mostly for testing different trade strategies out.
As you say though you don't have experience of this from your own trades or other traders trades.
It is worth opening an account to trade low volume lots to test for this. At least I think so if you intend to find a long term broker that allow it. I am waiting for Alpari to allow scalp trading with no spread. Still no set date for this so can't be sure if it will happen. When I asked they say it will and minimum trade volume of 5 lots per trade.
Do you manual scalp trade or look to use automated bot? Some are against automated trading but really I am not if a trade method has mechanical rules to begin with that is.
I was referring to MT brokers - I have no problem at all scalping with Interactivebrokers (the more you trade, the better they like it, as their income is almost exclusively commission-based). This is what is so fustrating about the bucketshops, they clearly are not happy to just earn a 'respectable' living from commissions, they want to screw you on as many fronts as possible. Like most people on TSD, I'm looking to try automated trading in earnest, even on a limited scale. But it seems like it is going to remain a pipe-dream until ECN's decide to emulate Metatrader and enter the fray...
I have already been dissappointed by one MT broker (Aleccohfx) - I think I will wait for something more than rhetoric before taking the plunge again...
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