ThomasFernandez

I suggest both knowledge and broker is required for good profits. A good broker can protect the traders capital during live trades, and with the knowledge, a trader can build strong strategies to earn higher profits.

Beginners with the motive to earn quick cash tend to scalp because it is easy to understand, but there are risks as well, a beginner could lose all the capital if they are not careful.

I currently trade with a trusted broker FP Markets. It is regulated by ASIC and CYSEC and is active for more than 15 years. It has been seven months trading with them, and I did not come across any issues like spread widening or sever freezing, the experience has been good.

A demo account is just a tool to understand how the live market works and get familiar with the software platform. Live trading is where the actual profit and loss trade occurs, and Live trade is a bit difficult than trading in a demo account, so traders always enter the trade with a strategy or a risk plan.

Spreads is the difference between the selling price and the buying price. Which is why it is important to choose a broker that offers minimum spreads.

I agree with Paul12. FP Markets is a good broker to trade, the spreads are lower, and the execution is faster, which is an advantage for me while scalping.

Most traders prefer regulated brokers matching their criteria that are required for trading. I mostly scalp so i trade with FP Markets, as the spreads are lower and execution is fast. Its an ASIC regulated broker that has been active for over 15 years.

I am from the UK, and I trade with FP Markets ASIC regulation. You have the liberty to choose between CYSEC and ASIC regulations in FP Markets when you register with them. It is not mandatory to only choose their Cysec Entity as far as I am aware.

I’m into scalping and looking to open an account with an ECN broker and have shortlisted FP Markets. Can you explain if FP Market ECN account charge a flat commision irrespective of the pair traded? or how does it work?

Looking for a regulated broker that is suitable for Scalping. My strategy involves trades that last only for few mins each, so ideally a broker that does not increase the spreads during news or high volatile market movements.