Nazzerith

For lower spreads, use ECN account brokers such as Fxopen or FP Markets. The spreads are lower, averaging around 0.2–.04 pips. I use FP Markets mainly because the spreads drop as low as 0.0 pips in EURUSD and they stay stable during volatile market situations.

The MetaTrader 5 platform allows for quick and easy trading of FX stocks, futures, and CFDs. It gives novice traders real-time access to asset pricing.

I trade with FP markets via their offshore licence, which gives a 500:1 leverage. I mostly use them due of their narrow spreads, which begin at 0.0 pips, and their quick execution speed, which is 1ms because I utilise their free VPS.

I personally choose FP Markets over any broker because their demo account is not only free but also provides educational materials such as e-books, video tutorials, webinars, and more. Even the customer service is polite and helpful in setting up the account.

The optimal scenario for scalping in my opinion is selecting a reputable broker like FP Markets with competitive spreads on popular currencies like the EURUSD and quick execution times.

To compare working and trading conditions, in my opinion, comparing several brokers is the best course of action.

There are many competitive brokers in the forex market and, in my opinion, I find FP Markets better compared to most brokers because of its reliability. Their customer service is also prompt in solving client queries, even through emails and live chat. It is suitable even for newbie traders since their demo account provides educational materials.

I prefer trading with an older broker because they are much more reliable since there are many new brokers and most of them are scammers. I trade with an ASIC broker, FP Markets, that has been active in the forex business for over 12 years and also has regulation from CYSEC and an offshore license with St.Vincent.

Scalping is a pro technique. A newbie shouldn't risk their capital on scalping initially. Starting with scalping will undoubtedly deplete your capital.

I have to agree with the above post that FP Markets is a good choice because I have compared it to most of my previous brokers and FP Markets is better. The trading conditions are robust; spreads are tighter and the commission costs are lower at $3 per lot.

Traders can get a risk free environment that does not involve any real money or risk, so traders can use it to try out new strategies and skills. The demo accounts from brokers like Avatrade and FP Markets also provide educational materials that help in developing forex knowledge for newbie traders.

I still use my broker's demo account to try new strategies before using them on live trading to avoid unnecessary losses, and I suggest traders do the same.

I have worked with several brokers in the past and I still find FP Markets better for scalping, because the spreads start at 0.0 pips in most major pairs with faster execution speed than my previous broker, XM.

For lower spreads, the FP Markets broker is a better choice since it is an older broker active for over 15 years and the commission costs are lower with faster execution which is suitable even for scalpers.

Placing stop loss might not be as easy a task as it seems because it requires proper skill, strategies, and knowledge to track each currency pair's live trades.

From my personal experience with them, I can say they are a true ecn broker with a minimum opening balance of $100 AUD. The main advantage of using them is their lower spreads starting from 0.0pips with lower slippages and commission costs.

There are several brokers that offer free demo accounts. I trade with FP Markets that provide free demo account with educational materials to improve traders skills.

Starting with a small amount of money is good because it is safer, and the risk involved does not affect the traders' emotions.

I'm a scalper, and I prefer trading with a broker that offers commission costs with tight spreads starting at 0pips with faster execution speed and my current broker FP Markets is able to meet the conditions.

I trade with FP Markets, an ASIC broker that provides some of the lowest commission costs and competitive spreads. The other main reason I use FP Markets is because of their trustable customer support team that is prompt in answering emails or live chats.

For me, it's FP Markets. I prefer trading with them because they offer some of the best trading conditions with good spreads and reliable customer support members.

I have traded with both broker and from my experience I find the spreads a bit better in FP Markets compared to ICM because ICM spread are not consistent as FP Markets and during volatile situations FP Markets spreads are more stable than ICM.

I find using leverage is effective because I do not have to invest large amounts to earn higher profits, and using leverage lets me invest minimum but trade higher.

I agree we need to research about several brokers so that we traders can compare with the best ones and decide. I also researched with several brokers like Etoro, ICM, pepperstone and finally decided to go with FP Markets.

I currently trade with FP Markets. I prefer trading with them because I'm a scalper and they offer lower commission cost and slippage with tighter spreads start from 0 pips in EURUSD currency pair.