5 BEST Forex Brokers for Scalping For 2024: Reviewed By Dumb Little Man

By Wilbert S

January 10, 2024   •   Fact checked by Dumb Little Man

Scalping in Forex trading is a strategy focused on making small profits from short-term trades. This approach capitalizes on minor price changes and requires a high level of market analysis. The key is to execute numerous trades throughout the day, aiming for quick gains.

However, the success of scalping largely depends on choosing the Best Forex Broker for Scalping. The right broker can make a significant difference, offering fast execution speeds and low spreads. These elements are crucial in a high-frequency trading environment like scalping, where every second and pip counts.

Selecting an appropriate broker for scalping is not just about the technical capabilities. It also involves ensuring reliability and regulatory compliance. A trustworthy broker minimizes risks associated with scalping, which is already a high-stress strategy. Scalpers must be confident in their broker’s ability to deliver consistent and fair trading conditions.

What is Scalping and How Does it Work?

Scalping is a Forex trading strategy characterized by very short-term trades. Scalpers aim to achieve small, frequent profits by capitalizing on minute price movements. Typically, these trades last from a few seconds to several minutes. The focus is not on large gains per trade, but rather on accumulating small profits over many trades throughout the trading day.

The process of scalping involves:

  1. Identifying Opportunities: Scalpers look for markets with high liquidity and volatility. High liquidity ensures that trades can be entered and exited quickly. Volatility creates the small price movements that scalpers exploit.
  2. Frequent Trading: Scalpers execute a high volume of trades. Unlike traditional traders, who might make a few well-considered trades based on longer-term trends, scalpers make many trades over a trading session.
  3. Utilizing Leverage: Many scalpers use leverage to increase the size of their trades. This can amplify profits from small price changes. However, it also increases risk, making it essential to have robust risk management strategies in place.
  4. Quick Decision Making: Scalping demands quick reflexes and decision-making. Scalpers must be able to react instantly to market changes, as delays can turn potential profits into losses.
  5. Technical Analysis: Scalpers often rely heavily on technical analysis and trading indicators to identify potential entry and exit points for their trades. This involves studying price charts and patterns to forecast future price movements.

Successful scalping requires a combination of sharp analytical skills, strict discipline, and access to real-time market data. The strategy is demanding and can be stressful, requiring constant attention to the market and quick reactions to changing conditions.

Also Read: What is Forex Scalping – In Depth Review

How Do We Rank the Best Forex Brokers for Scalping?

To rank the Best Forex Brokers for Scalping, a comprehensive evaluation is conducted by a team of expert traders. This assessment is based on a broad range of key factors that are crucial for successful scalping. The ranking process is meticulous and grounded in both quantitative data and qualitative insights.

Trading volume and account types are primary considerations. High trading volume signifies ample liquidity, essential for swift trade execution in scalping. Diverse account types offer flexibility to cater to different scalping strategies and experience levels. Trading costsleverage offers, and fee structures are closely analyzed. Competitive trading costs and flexible leverage options are advantageous for scalpers, who need to minimize expenses and maximize trade potential.

The importance of regulation and minimum deposits is also emphasized. A regulated broker ensures a secure trading environment, vital for the high-speed, high-frequency nature of scalping. Minimum deposit requirements impact accessibility for various traders. The average spread is a critical factor, with lower spreads favoring scalpers who profit from small price movements.

Our analysis includes feedback from retail traders on our panel and reviews on the brokers’ websites. This real-world experience adds a valuable dimension to our evaluation. Finally, a unique algorithm is employed to synthesize these factors, providing a comprehensive overall rating for each broker. This sophisticated approach combines data-driven analysis with practical insights, ensuring a thorough and balanced ranking of Forex brokers for scalping.

Best Forex Brokers for Scalping: Overview


Best For

Min. Initial Deposit

Top Feature

Overall Rating

Overall Forex Broker For Scalping


Multiple Trading Platforms

Advanced Forex Traders


MyFXBook Autotrade

Beginnner Traders



Competitive Spreads


Diverse Trading Instruments

Trading Conditions


Fast Order Execution

5 Best Forex Brokers for Scalping: Detailed Insights

#1. Best Overall Forex Broker for Scalping: AvaTrade

AvaTrade emerges as the Best Overall Forex Broker for Scalping, acclaimed for its extensive Forex and CFD trading options. Accessible on various platforms, AvaTrade caters to a wide audience, from novices to experienced traders. Its reputation is bolstered by regulation by top-tier financial authorities, ensuring a safe and low-risk trading environment. For beginners, AvaTrade’s exceptional educational content is a standout feature, providing vital knowledge and skills for effective trading.

The process to create an account with AvaTrade is both simple and fully digital, reflecting the platform’s emphasis on user convenience. Traders benefit from multiple free options for deposits and withdrawals, enhancing the platform’s accessibility and ease of use. AvaTrade’s commitment to transparency is evident in its low fees and straightforward fee structure. Alongside this, the availability of comprehensive research and educational tools that are user-friendly makes AvaTrade an ideal choice for a broad spectrum of traders, cementing its position as a top broker for scalping in the Forex market.

☞ How Does It Work?

After setting up an account on AvaTrade, traders have the flexibility to choose from a variety of base currency pairs such as USD, EUR, GBP, CHF, AUD, and ZAR. One important aspect to note is the small conversion fee charged if the trader’s bank account is in a different currency from the trading pair. This feature highlights the importance of currency selection in managing trading costs effectively.

AvaTrade stands out for not charging any deposit and withdrawal fees, making financial transactions more cost-effective for traders. The platform supports multiple deposit options, enhancing user convenience. Traders can utilize a range of trading platforms, including WebTrader, MetaTrader 4, MetaTrader 5, and AvaOptions. For those interested in automated trading, AvaTrade offers auto-trading capabilities through MT4 and MT5 platforms, as well as external providers like Zulutrade and Duplitrade

These automated systems can execute trades independently and alert traders about key market price points. The only commission AvaTrade charges is through spreads, and with its competitive 30:1 leveraged trading offer, the broker provides ample opportunities for traders to maximize their profits.

☞ Who Is It Best For?

AvaTrade is particularly well-suited for a diverse range of traders, from beginners to seasoned professionals. Its comprehensive educational resources make it an ideal platform for newcomers who are looking to develop their trading skills and knowledge. Simultaneously, the availability of advanced trading platforms like MetaTrader 4 and 5, as well as auto-trading options, caters to the needs of experienced traders seeking sophisticated tools and automation capabilities. The zero deposit and withdrawal fees, combined with competitive spreads, further enhance its appeal to cost-conscious traders. Overall, AvaTrade’s versatile offerings and user-friendly interface make it an optimal choice for a broad spectrum of individuals in the Forex trading community.

Regulated and licensed on all five continents.

24/5 customer support in 14 languages.

Mobile trading capability.

Islamic accounts are compliant with Sharia Law.

Segregated accounts for secure fund storage; allow scalping and hedging.

Educational resources including training and webinars for all levels.
Inactivity fees vary based on account and currency.

AvaOptions desktop version is slow and less user-friendly.

No support for US traders due to regulatory restrictions.

#2. Best Forex Broker for Scalping for Advanced Traders: FXChoice

FXChoice, established in 2010 and licensed by the International Financial Services Commission of Belize (IFSC), excels as the Best Forex Broker for Scalping for Advanced Traders. It offers premium services on the Forex market and is particularly tailored for professional traders with free capital. The broker’s alignment with professional trading needs is evident in its superior offerings and regulatory compliance, ensuring a reliable and advanced trading environment.

The trading conditions at FXChoice are notably favorable. The availability of a low spread for pro accounts and an attractive partnership and loyalty program position it as a top choice for advanced traders. The broker’s commitment to transparency is demonstrated in its clear contract specifications and a detailed product guide outlining the fee structure. 

FXChoice’s versatility is further highlighted by its coverage of CFD trading in forex, crypto, indices, shares, and commodities, utilizing the popular MT4/MT5 platforms. For traders looking for automation, the MyFXBook Autotrade feature enables the replication of profitable trading strategies. Additionally, the broker enhances trust through fund segregation, ensuring that client funds are kept separate from company funds, reflecting a strong emphasis on client security and transparency.

☞ How Does It Work?

FXChoice offers two distinct account types: Classic and Pro. The Classic account incorporates a commission fee with relatively higher spreads. In contrast, the Pro account is designed for more advanced trading, featuring tight spreads and no commission fees. This structure allows traders to select an account that best aligns with their trading style and strategy, especially for those focused on scalping.

For trading, FXChoice utilizes the renowned MT4 and MT5 platforms, known for their robust features. These platforms provide real-time quotes, customizable charts, and multiple time-frames. They also support one-click trading and basic analytical tools, essential for quick and efficient trading decisions. The leverage offered across both account types is an impressive 1:200, offering significant potential for profit amplification. 

FXChoice stands out for its payment flexibility, accepting traditional methods like card payments, as well as e-wallets and cryptocurrencies such as Bitcoin, with a $100 minimum deposit. Accounts can be opened in multiple currencies including USD, EUR, GBP, AUD, and CAD. Moreover, depositing with Bitcoin or other cryptocurrencies yields a 65% bonus, and there’s also a 50% bonus on the first deposit. 

Withdrawals at FXChoice are efficient, with processing times within 24 hours from Monday to Friday, and immediate completions for e-payment withdrawals, enhancing the overall user experience for traders.

☞ Who Is It Best For?

FXChoice is ideally suited for advanced and professional traders who are well-versed in the dynamics of the Forex market. The broker’s Pro account, with its tight spreads and absence of commission fees, caters specifically to those with substantial trading experience and knowledge. Such features are particularly beneficial for traders who employ complex strategies and require a sophisticated trading environment.

Excellent customer support

Spreads from 0.0 pips

High leverage options

Mobile MT4 and MT5 available

Bitcoin for deposits and withdrawals
Limited commodity options

#3. Best Forex Broker for Scalping for Beginners: RoboForex

RoboForex stands out as the Best Forex Broker for Scalping for Beginners, earning high regard from industry experts for its reliability. Established in 2009, it has rapidly expanded its user base to over 3.5 million across 169 countries. The platform’s appeal to both beginners and professionals is evident in its favorable trading conditions, including a $10 minimum deposit limit and exceptional leverage of 1:2000. These features make it accessible for new traders starting with a smaller capital and seeking to explore scalping strategies.

Recognized with numerous awards from prestigious financial institutions, RoboForex boasts a robust regulatory framework, holding licenses from both the International Financial Services Commission (IFSC) and the European CySEC. This regulatory compliance underscores its global reliability and trustworthiness as a forex trading service provider. For beginners, the CopyFx investment program, awarded as the “Best Investment Platform” in 2019, offers an invaluable tool for learning and applying trading strategies. Additionally, the availability of around 12,000 trading instruments and eight asset types on RoboForex provides beginners with a vast array of options to diversify their trading portfolio and gain comprehensive market exposure.

☞ How Does It Work?

On the RoboForex platform, traders have the choice of four distinct account types: Pro, Pro-Cent, ECN, and Prime. Each account type comes with its unique specifications, catering to different trading preferences and strategies. The majority of these accounts are based on the popular MT4/MT5 platforms, offering a familiar and efficient trading environment. Traders can choose USD, EUR, or ZAR as their base currency, providing flexibility in currency management.

New users are welcomed with a $30 USD bonus upon joining, adding value to their initial trading experience. The process of depositing and withdrawing funds is straightforward and unrestricted, enhancing the ease of financial transactions. 

In addition to forex trading, RoboForex also offers opportunities in stock trading through its specialized RoboForex R StockTrader account. The spread and leverage rates are account-specific, with spreads ranging from 0 pips to 1.3 pips and a maximum leverage of 1:2000. This range of spreads and high leverage options makes RoboForex a versatile and appealing choice for beginners, providing them with the flexibility and potential to maximize their trading strategies.

☞ Who Is It Best For?

RoboForex is an ideal choice for beginners in forex trading, thanks to its user-friendly platform and accommodating trading conditions. The low $10 minimum deposit and high leverage of 1:2000 make it highly accessible for newcomers, allowing them to start small and gradually increase their exposure as they gain experience. The variety of account types, including Pro, Pro-Cent, ECN, and Prime, offers beginners the flexibility to choose an account that aligns with their initial comfort level and trading goals.

In addition to its suitability for novices, RoboForex’s diverse offerings also cater to more experienced traders looking for a wide range of trading instruments and advanced platform options. The availability of MT4/MT5 platforms and the RoboForex R StockTrader account for stock trading presents opportunities for comprehensive market engagement. The platform’s straightforward approach to deposits and withdrawals, coupled with the $30 USD welcome bonus, further enhances its appeal, making RoboForex a versatile broker for a broad spectrum of traders, especially those new to the forex market.

Micro accounts for small-scale trading

Accessible low minimum deposit, great for newcomers

Fast order execution for efficient trading

Competitive tight spreads to minimize costs
Restricted currency pair selection

Lack of cryptocurrency trading tools on the platform

#4. Best Forex Broker for Scalping for Competitive Spreads: Admiral Markets

Admiral Markets, established in 2001, has earned a reputation as the best raw spreads broker for advanced traders. Licensed by the Australian Securities and Investments Commission (ASIC), it showcases a strong global presence in over 40 countries and boasts a significant financial throughput, exceeding USD 40 billion. This expansive reach and financial robustness highlight Admiral Markets’ capacity to cater to the sophisticated needs of experienced traders, underlining its reliability and scale.

The broker’s commitment to high standards is evident in its robust regulatory framework. With a lifetime license from the Federal Financial Markets Service and regulation by the Financial Conduct Authority (FCA), Admiral Markets ensures a high level of compliance and security for its clients. A standout feature of Admiral Markets is its access to the FX+Project, an advanced tool tailored to the needs of seasoned traders. This blend of stringent regulatory oversight and specialized trading tools firmly establishes Admiral Markets as a top-tier choice for advanced traders who require a comprehensive and secure trading environment with competitive spreads.

☞ How Does It Work?

Admiral Markets provides traders with a broad spectrum of trading instruments, encompassing over 40 currency pairs, stock indices, commodities, and cryptocurrencies. This diverse range caters to various trading interests and strategies. One of the key attractions of Admiral Markets is its competitive spreads, with the average spread for the EUR/USD pair being as low as 0.8 pips. This feature is particularly advantageous for traders who prioritize cost efficiency in their trades. Furthermore, the broker enhances trading flexibility by offering leverage of up to 1:500, allowing traders to amplify their trading positions.

In terms of trading platforms, Admiral Markets offers the well-known and widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned in the forex industry for their advanced charting capabilities, automated trading options, and customizable interface. The availability of these platforms on Admiral Markets not only provides traders with powerful analytical tools but also enables them to employ automated trading strategies, making it a suitable choice for both novice and experienced traders seeking a dynamic and versatile trading environment.

☞ Who Is It Best For?

Admiral Markets is particularly well-suited for advanced traders who seek a sophisticated trading environment. The broker’s offering of competitive spreads and a diverse range of trading instruments, including over 40 currency pairs, stock indices, commodities, and cryptocurrencies, caters to experienced traders who require a broad market scope and cost-effective trading conditions. Additionally, the average spread of 0.8 pips for popular pairs like EUR/USD is a significant advantage for those focusing on forex scalping, where tight spreads are crucial.

Moreover, the availability of high leverage up to 1:500 combined with the advanced functionalities of MetaTrader 4 and MetaTrader 5 platforms makes Admiral Markets a prime choice for traders who utilize complex strategies and value the flexibility of leveraging their positions. The platforms’ advanced charting, automated trading options, and customizable interface provide the necessary tools for in-depth market analysis and strategy execution. 

Offers an extensive range of over 5,000 trading assets.

Proprietary social trading platform available.

Competitively tight spreads on most assets.

Supreme Edition plug-in for enhanced technical capabilities.

Licensed by FCA and CySec, reputable regulators.
Leverage restrictions for non-professional retail traders.

Withdrawal fees apply.

#5. Best Forex Broker for Scalping for Trading Conditions: Pepperstone

Pepperstone, established in 2010 by traders seeking to improve the brokerage landscape, stands out as the Best Forex Broker for Scalping for Trading Conditions. Driven by a desire to offer superior services, Pepperstone has developed a trading platform renowned for its favorable trading conditions and exceptional technical support on a global scale. This focus on providing an optimal trading environment resonates particularly well with scalpers who require efficient and reliable platforms.

Beyond its user-friendly interface, Pepperstone equips traders with professional tools that not only simplify the trading process but also enhance trade efficacy. The broker’s credibility is further reinforced by its regulation under seven authoritative bodies, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA). This multi-regulatory oversight assures traders of Pepperstone’s commitment to high standards of security and compliance, making it a trusted platform for scalping and other trading strategies.

☞ How Does It Work?

Pepperstone operates with a minimum trade volume of 0.01 lots and offers spreads starting at 0.0 pips, making it highly attractive for scalping strategies where tight spreads are crucial. The platform provides traders access to over 1000 advanced trading tools, enhancing the capability for detailed market analysis and strategy implementation. Additionally, the order execution speed of 30ms stands out as exceptionally fast, crucial for traders who rely on quick execution in the rapidly changing forex market.

For account options, Pepperstone offers two types: Razor and Standard, catering to different trading preferences and strategies. These accounts support a variety of base currencies including AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD, offering flexibility in currency management. Traders at Pepperstone can engage in trading a diverse array of instruments such as forex, indices, stocks, currency indices, and commodities. Furthermore, the platform accommodates various trading techniques, including scalping, auto copying, and hedging, making it a versatile choice for traders with different trading styles and objectives.

☞ Who Is It Best For?

Pepperstone is an ideal choice for traders who prioritize fast execution speeds and tight spreads, making it especially suitable for scalpers and day traders. The broker’s ability to offer spreads starting at 0.0 pips and an impressive 30ms order execution time provides a competitive edge in fast-paced trading environments. Additionally, access to over 1000 advanced trading tools caters to those who rely on in-depth analysis and real-time data for their trading decisions.

Furthermore, Pepperstone’s versatility is evident in its offering of Razor and Standard accounts, accommodating a wide range of trading strategies and preferences. The platform’s support for various base currencies and its capacity to handle different trading styles, including auto copying and hedging, make it a strong match for both novice and experienced traders. Whether a trader is new to forex trading or a seasoned professional, Pepperstone’s combination of favorable trading conditions, advanced tools, and flexible account options makes it a top choice in the forex brokerage market.

Competitive low forex fees.

Outstanding customer support.

No fees for inactivity.

Stable and reliable trading platform.

Regulated under 7 licenses.
Absence of cent accounts.

Limited options for passive trading.

Scarce in-depth analytical materials on the platform.

How To Choose the Best Forex Brokers for Scalping for Beginners?

When choosing the best forex brokers for scalping for beginners, it’s crucial to consider if the broker permits scalping strategies. Scalping involves making quick, frequent trades, so a broker that explicitly allows and supports this strategy is essential. Another key factor is the speed of execution. In scalping, where profits are made from small price movements, delays in order execution can significantly impact trading outcomes.

Furthermore, the broker’s execution model plays a vital role. Models like STP (Straight Through Processing), ECN (Electronic Communication Network), DMA (Direct Market Access), and NDD (No Dealing Desk) are preferable as they typically offer more transparency and better execution speeds. Low trading fees are also important since scalping involves a high volume of trades and fees can accumulate quickly. 

Finally, the availability of scalping platforms such as MT4 (MetaTrader 4), MT5 (MetaTrader 5), and cTrader is important. These platforms are known for their advanced tools and functionalities, which are beneficial for implementing effective scalping strategies.

Choose Asia Forex Mentor for Your Forex Trading Success

If you’re passionate about building a successful career in forex trading and aim for significant financial gains, Asia Forex Mentor is the ideal destination for top-notch forex, stock, and crypto trading courses. The brainchild behind this institution is Ezekiel Chew, a highly regarded figure among trading academies and financial institutions. Notably, Ezekiel consistently secures trades in the seven-figure range, distinguishing him from other trainers in the sector. Here’s why we recommend them:

Extensive Course Content: Asia Forex Mentor delivers a thorough educational program spanning stock, crypto, and forex trading. This structured course prepares budding traders to thrive in these varied markets.

Impressive Success Rate: Asia Forex Mentor’s track record of consistently producing profitable traders in different market segments firmly establishes its credibility. This record is solid proof of their effective teaching methods and mentorship.

Seasoned Instructor: Students at Asia Forex Mentor receive instruction and insights from a mentor with a proven track record in stock, crypto, and forex trading. Ezekiel offers tailored support, helping students confidently tackle each market’s complexities.

Collaborative Community: Enrollment at Asia Forex Mentor grants access to a community of fellow traders focused on succeeding in the stock, crypto, and forex arenas. This network encourages sharing ideas and learning from peers, enriching the educational journey.

Focus on Mindset and Discipline: Trading success demands mental strength and a disciplined approach. Asia Forex Mentor emphasizes psychological training to assist traders in managing emotions, coping with stress, and making sound decisions.

Ongoing Updates and Tools: Given the ever-evolving nature of financial markets, Asia Forex Mentor keeps its students informed about the latest trends, strategies, and market insights. Continuous access to key resources ensures traders stay ahead in the market.

Transformational Successes: Asia Forex Mentor is proud of its many success stories where individuals have dramatically improved their trading skills and achieved financial autonomy through their in-depth forex, stock, and crypto trading education.

Asia Forex Mentor stands out as the best choice for aspiring forex, stock, and crypto traders looking to forge a lucrative career and attain financial success. With its detailed curriculum, skilled mentors, practical approach, and encouraging community, Asia Forex Mentor equips future traders with the essentials to evolve into proficient professionals across various financial domains.





#1 Forex, Crypto and Stocks trading course. Ranked most comprehensive by Investopedia and Best by Benzinga. Free to Try!


The team of trading experts at Dumb Little Man has identified several forex brokers that stand out for their suitability for scalping strategies. These brokers offer distinct advantages such as low spreads, high leverage, and a variety of trading platforms. However, it is crucial for traders to be aware of the potential drawbacks, including the risks associated with high leverage and the varying degrees of regulatory oversight.

While brokers like AvaTrade, FXChoice, and RoboForex cater to a range of trading needs from beginners to advanced traders, it is important to consider individual trading styles and risk tolerance. Admiral Markets and Pepperstone, for instance, are noted for their competitive spreads and advanced tools but may require a higher level of experience to navigate effectively. Thus, traders should thoroughly evaluate each broker’s offerings and weigh the pros and cons before deciding on the best fit for their scalping endeavors.

Also Read: 9 BEST Forex Brokers For 2024: Reviewed By Dumb Little Man

Best Forex Brokers for Scalping for Beginners FAQs

What should beginners look for in a Forex broker for scalping?

Beginners should prioritize brokers that offer low spreads and user-friendly platforms like MetaTrader 4 or 5. Additionally, it’s important to choose a broker with educational resources and good customer support to assist in the early stages of trading. Look for brokers that are well-regulated to ensure reliability and security.

Is high leverage beneficial for beginner scalpers in Forex trading?

While high leverage can increase potential profits, it also amplifies risks, which can be challenging for beginners. Beginners should approach leverage cautiously and may start with lower leverage ratios, gradually increasing as they gain more experience and confidence in managing risk.

How important is the choice of currency pairs for beginners in scalping?

The choice of currency pairs is vital for beginners. It’s recommended to start with major currency pairs like EUR/USD or USD/JPY, as they typically have lower spreads and higher liquidity. This makes them more suitable for the quick trades characteristic of scalping strategies.

Dumb Little Man Recommends – Top 3 Best Forex Brokers in 2024


Wilbert S

Wilbert is an avid researcher and is deeply passionate about finance and health. When he's not working, he writes research and review articles by doing a thorough analysis on the products based on personal experience, user reviews and feedbacks from forums, quora, reddit, trustpilot amongst others.

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