RolexFX

I started trading with FP Markets recently, and their Raw account has some of the lowest spreads. I mainly trade in EURUSD, where the spreads are pretty much 0.0 pips most of the time.

In my view, the best condition for scalping is tight spreads and faster execution because lower spreads help in profiting.

I currently trade with an ASIC broker, FP Markets, because they offer some of the best trading conditions with tight spreads and transparent commission costs.

Scalping can be profitable only if you trade with a good strategy, money management and most importantly, a reliable broker to help you when trading live.

I'm a scalper trading with FP Markets, an ASIC broker. I mostly use this broker because of its tight spreads when trading with major pairs.

I had asked questions relating to this broker months ago, and now I'm back to give my personal experience about FP markets.

I find them reliable to trade even for beginners because the customer service team is helpful, and they also have a micro-lot to trade with lower capital to avoid high risks.

I suggest trading with my current broker, FP Markets the spreads began from 0.0 pips, and since it is one of the oldest broker active for over a decade, it is reputable among many traders.

Should beginners trade long term and can it be profitable ?

Trading with older brokers gives traders the feeling that it is reliable and reputable. I trade with FP Markets, an older broker that has been active for over a decade and for the past nine months, I did not face any issues with this broker.

Small capital, in my opinion is quite enough for trading, and beginners in forex should not risk large sum without having minimal experience and skills.

Beginners should not trade with large amounts because they are prone to fail, and the risk involved is also higher. Even experienced traders use money management skills when trading with large amounts.

There is no accurate answer to it because leverage is profitable to some and risky for others. My opinion about it will be effective because, with leverage, a trader can invest low and gain higher.

I prefer trading with Price Action trading. It allows traders to read the market and make personalized trading choices based on current and actual price movements rather than technical indicators.

I agree with Francisco, FP Markets is suitable for scalping. The spreads began at 0 pips in most major currency pairs, and it is also stable during high volatile market news movements.

Its the difference between a selling price and the purchase value, in other words, the bid price and ask price.

From my experience with brokers, I prefer FP Markets as a reliable and better choice of broker compared to other ECN brokers.

The spreads are tighter, and the commission charged per lot per round is 6$.

There is no best broker, I'm a scalper and I trade with FP Markets because of the lower spreads and commission they offer.

It is also one of the oldest broker active since 2005 and regulated by ASIC, so it is a reliable broker to start trading.

The demo account is vital to every trader, especially for beginners entering into forex. It helps to get the experience of trading and taking in different positions which is not the same with live trading.

I would advise trading using a demo account with the amount of capital you intend to start live trading using actual money.

From my experience with the brokers, I would say FP Markets, It has been regulated since 2005 and its a trusted global CFD and Forex broker.

I prefer them because of the tight spreads and quick responding customer support team.

On 11/26/2020 at 6:34 PM, Francisco said:

Looking to open a live trading account with an ECN broker and came across FP Markets. Is it a true ECN broker?

I will be scalping, so how are the spreads in Major pairs like EURUSD, GBPUSD, etc...?

I'm a scalper currently trading with FP Markets Raw ECN account, their trading conditions are extremely competitive, and they offer some of the lowest spreads starting from 0.0 pips in EURUSD.

Currently trading with FP Markets, since i scalp FP markets are the right broker for my trading, the spreads and commission costs are lower compared to my previous broker XM.

Its regulated by ASIC and been in the forex business for over 15 years which makes it reliable.

I have been trading with them for 4 months and they are a true ECN broker. The spread is tighter with the best trading conditions.

I Have not faced any issues till now with deposits and withdrawals.

Before going live i have traded in Demo account for a while and yes it is easy to earn in demo because it is just for beginner traders to learn and develop their trading skills before going live.

I was looking for a broker with good low spreads and fast executions, so when i did some research i found FP Markets to be a suitable choose.

Anyone with reviews based on their trading condition ?

Its easy to earn in demo cause Demo is just a tool to learn how trading works and how to build strategies.

I started with a Demo, i was advised by several traders that demo is first step before entering into live trading.

And using a Demo tool actually made me improve on my trading skills, though its not the same as the live trading, it still gave the concept on how it works and was able to build strategies and methods to make some decent amount of profit in it.