I trade with FP Markets, and from my trading experience, I can say that it is suitable for news traders since their spreads are tighter at 0.1–0.3 pips for most parts of the day and are stable even during highly volatile market news movements.
Choose a broker that is regulated by a proper govt entity such as ASIC or FCA. I trade with an ASIC broker known as FP Markets they also have regulation from CYSEC and an offshore licence with St.Vicent.
I recommend trying them because the customer service is quick in answering and solving...
I am currently trading with an FP Markets Raw (ECN) account. Their trading conditions are extremely competitive and they have some of the best spreads out there, I recommend trying it and experiencing their ECN pricing at least once.
As per my experience with brokers in the past, I suggest trading with CMC and FP Markets since they are regulated by ASIC and CYSEC.
I mainly trade with FP Markets because they also have an offshore licence with St.Vincent that offers a higher leverage of 500:1.
Since I'm a scalper, I prefer trading with exponential moving average (EMA) indicators. It is easy to use, and it shows the underlying effect of a forex pair by highlighting the average price over a period of time instead of the current price.
I suggest first trading using a demo account before going live. You can try Avatrade or FP Markets demo accounts since they also provide educational materials like e-books, video tutorials, and more for traders venturing into forex for the first time.
I suggest looking for a regulated broker with suitable trading conditions based on your trading skills.
For example, I use FP Markets for scalping because they provide tighter spreads and faster executions than other ecn brokers.
My favorite forex broker is FP Markets as of now because the trading conditions are robust with regulations from ASIC and CYSEC.
The customer support is good at responding to my queries, even when I email or do a live chat with them, the slippage and commission costs are lower when compared to...
The most suitable pair for scalping, in my view, is the EURUSD because its volatility is lower for most parts of the trade and with a suitable broker like Fxview or FP Markets, the spreads begin at 0.1 pips.
Hi Riley.R, You can also trade with brokers such as CMC Markets, Avatrade, and FP Markets, they also provides some of the lowest spreads starting at 0.0 pips in major currency pairs with robust trading conditions.