Is FP Markets suitable for scalping ?

Mar 12, 2020 at 08:23
3,690 Views
34 Replies
Member Since Mar 16, 2020   3 posts
Mar 16, 2020 at 11:50
Cooper078 posted:
Good broker they have been in forex for years and still have good reviews.
Hey. I have not heard bad reviews about them
Member Since Mar 18, 2020   2 posts
Mar 18, 2020 at 10:35
I received an email from FP Markets checks its reviews and other specs everything seems good.
Member Since Feb 10, 2020   11 posts
Mar 18, 2020 at 12:41
No. All retail brokers suck for scalping or they outright ban it
Member Since Mar 25, 2020   4 posts
Mar 27, 2020 at 10:42
better ask Support service😁
Member Since Nov 15, 2019   26 posts
Apr 16, 2020 at 18:47
They are definetly good brokers. What you need to identify a good broker is to do a background check. Do not only rely on other peoples opinions.. It is good if you find out on your own. There are several indicators that show bad brokers. Just find them out on the web. I am telling you this because some of these commnts may not be honest.
Member Since Apr 02, 2020   39 posts
Apr 17, 2020 at 11:57
Out of the brokers that I've used in the past, FP Markets are the best for scalping as their spreads are lowest and commission per lot are lower than the competitors.

And as for the free VPS, FP markets does provide free VPS for clients trading at least 10 lots a month.
Member Since Apr 10, 2020   10 posts
Apr 17, 2020 at 12:12
If you make money from scalping on FP markets will they let you withdraw? I know some brokers then claim that they do not allow scalping and will stop your withdrawal
Member Since Jan 26, 2020   18 posts
Apr 18, 2020 at 15:01
You have to be careful fello trader. There are a lot of scammers out there. You have to do this on your own. I have not come acrooss any negative comments about the broker so it seems like it is a good one. Either way you can never be sure. Do a background check. If you do not know how to do a background check then you still have some thnings that you need to learn first before you trade.
Dagdakelv
Member Since Mar 03, 2020   11 posts
Apr 23, 2020 at 06:25
People already answered - yes, you can scalp with FP Markets. It's actually one of the best brokers to do that actually.
Member Since Apr 02, 2020   39 posts
Apr 27, 2020 at 12:56
From my experience, FP Markets has definitely been good, their trading conditions have been very reliable even during high volatile events.
Another advantage is that FP Markets is regulated by ASIC so they have to be very compliant, so clients can be rest assured that their funds are safe
Member Since Jul 23, 2020   869 posts
Sep 19, 2020 at 16:48
Scalping is a short time trading strategy. So, spread is a big matter regrading this kind of strategy. Trader should choose low spread broker for scalping.
Member Since Jun 05, 2020   33 posts
Sep 23, 2020 at 11:58
Well, I think it's suitable if you don't mind +0.5 extra pips for commission (rt). Otherwise, Fxview is leading imo if looking for low spreads when commission is included.
Member Since Jul 23, 2020   759 posts
Oct 04, 2020 at 18:00
Xazvier posted:
From my experience, FP Markets has definitely been good, their trading conditions have been very reliable even during high volatile events.
Another advantage is that FP Markets is regulated by ASIC so they have to be very compliant, so clients can be rest assured that their funds are safe
Besides regulation, Scalper needs low spread and fast execution platform without requote. If they provide those they are good for scalping.
Member Since Jul 19, 2020   318 posts
Oct 05, 2020 at 11:24
Scalping is the strategy which is taken by mostly new traders. They use this strategy to make money quickly from the market.
Member Since Jul 03, 2020   37 posts
Oct 26, 2020 at 06:48
For any trader, low trading commissions and tight spreads are important considerations.
Member Since Sep 08, 2020   32 posts
Oct 26, 2020 at 12:46
CanoeMussy posted:
For any trader, low trading commissions and tight spreads are important considerations.

Agree.. People tend to look at spreads without considering the commissions. In most cases there's high on either side, spreads or commission except few brokers including fxview, tickmill, fpmarkets.
Member Since May 11, 2020   74 posts
Dec 07, 2020 at 11:32
FP has good trading conditions, but their commission is somewhat higher than what I was expecting. One thing I noticed is that their trading conditions are similar to fxview and tickmill except they have lower commission - $1 and $2 per 100k per side respectively, which is what I’d like to see for scalping.
Member Since Aug 28, 2020   37 posts
Dec 08, 2020 at 15:58
I'm a scalper trading for close to a year and have tried ICM, pepperstone and FXM in the past, and currently trading with FP Markets for about two months.

The spreads and commission costs are lower compared to my previous brokers; the customer service dedicated manager was helpful as well in solving queries.
Member Since Nov 19, 2020   104 posts
Dec 09, 2020 at 07:30 (edited Dec 09, 2020 at 07:31)
How are they for scalping? I doubt if FP Market's spreads are that good. And what about order execution?
Member Since Dec 05, 2020   81 posts
Dec 29, 2020 at 08:03
Ramierez posted:
I'm a scalper trading for close to a year and have tried ICM, pepperstone and FXM in the past, and currently trading with FP Markets for about two months.

The spreads and commission costs are lower compared to my previous brokers; the customer service dedicated manager was helpful as well in solving queries.

How much commission are you paying for trading forex?
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