A scalping ECN Forex broker?

[fxgator]

All i know instaforex allow scalping. They have eurica account that requires no spread:

Insta.Eurica Trading Accounts
This account type requires no spread to be paid when opening a deal. All currency tools for Insta.Eurica accounts have zero spreads; that’s why the cost of a BID always equals the cost of an ASK. To open a deal, a trader pays a fixed fee, which equals 0.02 – 0.07% of the contract trading volume.
This type of account is recommended for new traders, because when deferred order, no account spread is necessary. With a total absence of spreads, all deferred orders are carried out the moment their cost reaches the chart value. Before installing GTC orders and going into the market, you don’t need to calculate the spread’s influence on the position result, and this makes using technical analysis highly effective.
Insta.Eurica accounts allow new traders to quickly get the hang of the market, using a clearer deal- processing system. This type of account can be actively used by professional traders as well, since its trading characteristics are the same as the Insta.Standard account type.

 

[pabmove]

Yes, IB is an ECN.

How can you tell an ECN is an ECN? Sure you can ask but is there any external way to prove claims?

 

[pabmove]

instaforex is Russian?? mmm

Quote from fxgator:

All i know instaforex allow scalping. They have eurica account that requires no spread:

 

[bugscoe]

Quote from pabmove:

I'm not sure if this topic has been discussed to death (I have done a search here but nothing suitable).

I think I read somewhere that forex brokers look on scalpers with disdain but I don't know if thats true but are there any ECN brokers that are suitable for scalping?

MBT?
HOTSPOT
Anybody else?

Dukascopy is out of my budget and I can't stand IB trading platform.

Also I know fills are not guaranteed but does the ECN scalp broker have decent executions.... good liquidity ...

What is your idea of "scalping"?

I agree with the other poster, MB is way too much to scalp with.

 

[pabmove]

scalping - in and out of a trade in a short time?

MB is expensive but not much of a choice for someone with very shallow pockets. I have to grin and bear it.

 

[ForexSooth]

You can get a pretty good idea if a broker is a mm or ecn/stp by reading the part of their disclosure on the customer applications that are in all capital letters. Most will say somehting along the lines of "ABC BROKER IS THE COUNTERPARTY TO YOUR TRADES AND MAY PROFIT WHEN YOU LOSE. FROM TIME TO TIME, ABC BROKER MAY OFFER DIFFERENT PRICES TO DIFFERENT CLIENTS" This should tell you right away that they are a market maker and there is a conflict of interest. they control the prices and benefit when you lose. Some other brokers, like MB trading will have a slightly different risk disclosure, something like "123 BROKER ACTS AS THE COUNTERPARTY TO YOUR TRADES, HOWEVER LIMITS ITS RISK BY INSTANANEOUSLY OFFSETTING THE TRADES AND POSITIONS IT ENTERS INTO WITH YOU WITH A BANK. AS A RESULT, 123 BROKER DOES NOT PROFIT WHEN YOU LOSE."

Other than MB, I believe Hotspot and GFS forex have similarly worded risk disclosures. i for one will only trade with a broker that is an NFA member and states in black and white, and capital letters to boot that they DO NOT profit when i lose.

Do your homework and read the customer acount application closely before opening a live account.

 

[mktman]

Who do you use?

 

[pabmove]

Quote from ForexSooth:

You can get a pretty good idea if a broker is a mm or ecn/stp by reading the part of their disclosure on the customer applications that are in all capital letters. Most will say somehting along the lines of "ABC BROKER IS THE COUNTERPARTY TO YOUR TRADES AND MAY PROFIT WHEN YOU LOSE. FROM TIME TO TIME, ABC BROKER MAY OFFER DIFFERENT PRICES TO DIFFERENT CLIENTS" This should tell you right away that they are a market maker and there is a conflict of interest. they control the prices and benefit when you lose. Some other brokers, like MB trading will have a slightly different risk disclosure, something like "123 BROKER ACTS AS THE COUNTERPARTY TO YOUR TRADES, HOWEVER LIMITS ITS RISK BY INSTANANEOUSLY OFFSETTING THE TRADES AND POSITIONS IT ENTERS INTO WITH YOU WITH A BANK. AS A RESULT, 123 BROKER DOES NOT PROFIT WHEN YOU LOSE."

Other than MB, I believe Hotspot and GFS forex have similarly worded risk disclosures. i for one will only trade with a broker that is an NFA member and states in black and white, and capital letters to boot that they DO NOT profit when i lose.

Do your homework and read the customer acount application closely before opening a live account.

Thank you, reading now

GFX Forex is an ECN with fixed spreads? That's not common

 

[Forex Alchemist]

Quote from mktman:

Who do you use?

I use an ECN account with Fastbrokers for scalping. So far, so good.

 

[Reaver]

Quote from pabmove:

The point of this thread is not the price of commission

Go fuck yourself. If you are that goddamn stupid that you can't see how big an impact commissions would have on scalping then go right ahead and blow up.

Commissions are a HUGE deal when you are scalping. They can make or break you if you are a scalper. THEREFORE, if a broker is charging absurd commissions then they are not a good broker for scalping.

Starting to make a little sense yet, moron?


Fucking retard. Stop soaking up my precious 02.