Is FP Markets suitable for scalping ?

Mar 12, 2020 at 08:23
3,488 Views
34 Replies
Member Since Feb 24, 2020   4 posts
Dec 31, 2020 at 12:17
All the same scalping is a good way to make money. But there is also a danger of losing them quickly.
Member Since Jun 08, 2020   44 posts
Dec 31, 2020 at 13:28
I'm a scalper trading with FP Markets and its one of the oldest broker, so I have no issues with their reliability and the spread are lower with faster execution.
Member Since Nov 16, 2020   21 posts
Jan 04, 2021 at 08:42
They seem to be a good platform but as far as using a particular strategy or scalping is concerned, you should contact them and make your inquiries.
Member Since Feb 25, 2020   4 posts
Jan 04, 2021 at 12:01
Yes it does, no problem.
Member Since Oct 20, 2020   49 posts
Feb 23, 2021 at 13:06
I currently scalp with FP Markets, and I must say compared to my previous brokers FP Markets spreads and execution are better, the spreads in EURUSD start from 0.0 pips and its stable during high market movements.
Member Since Dec 11, 2020   110 posts
Feb 24, 2021 at 10:21
Commission are quite higher than I expected but yea it seems good, could go for other broker who offer lower commission
Member Since Dec 16, 2020   5 posts
Mar 31, 2021 at 17:19
Won't pretend to be an expert because I'm new to both forex and this platform. My vested interest in your topic comes from the fact that the person who got me interested in forex is a heavy supporter of scalping. And as per him, low spreads are the key to turning a profit while scalping. Judging by the list of brokers on this site, FP markers seems fine and a few others too. Now idk weather one should select one of these or go a more established brand like XM or pepperstone.
Member Since Oct 20, 2020   49 posts
Apr 10, 2021 at 11:43
Hey, Jordan5ith. From my experience with FP Markets, I will say it is a good broker for scalping, and regarding spreads & slippage, it is surprisingly lower than other usual brokers.
Member Since Apr 03, 2021   12 posts
Apr 17, 2021 at 10:53
You can check the spreads and commissions of the broker to see if they suit your trading style and strategy.
Member Since Apr 02, 2020   39 posts
Apr 20, 2021 at 15:43
I think the usage of leverage should be based on the experience a trader has in forex. A beginner with minimum experience should trade like Davidfx89 with 50:1 so that it's risk-free and easy to trade.
Member Since Jan 14, 2021   57 posts
Apr 26, 2021 at 15:32
Yes, For me, FP markets have been really suitable for scalping because of their tight spreads and faster execution speed.
Member Since Mar 17, 2021   536 posts
Dec 29, 2021 at 05:56
flossiewyman posted:
You can check the spreads and commissions of the broker to see if they suit your trading style and strategy.
Proper research is very needed to pick a good broker in this market.
Member Since Jul 04, 2022   29 posts
Aug 16, 2022 at 11:32
I currently scalp using FP Markets ECN account, the spreads are tighter starting from 0.0 pips in most major pairs, especially in EURUSD. The spreads are stable even during volatile market conditions. The commission cost per round lot is only $6 with an execution speed of 80 ms, which is faster than my previous brokers.
Member Since May 31, 2021   56 posts
Sep 02, 2022 at 11:09
Yes, I have been scalping with it for 2 years and its trading conditions have been remarkable without any issues. The spreads average around 0.0-0.2 pips in EURUSD and other major pairs.

The commission cost per round lot is only $6, which is lower when compared to most famous brokers such as ICM and Pepperstone.
Member Since Aug 20, 2020   27 posts
Dec 19, 2022 at 14:13
From my trading experience with them for over a year, I can say it is suitable for scalping because the spreads are tighter, averaging from 0.1 to 0.3 pips in most major pairs with a faster execution speed of 30 ms.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.