One of the Best Forex Broker for Scalping for Expert Advisor Forex Robots and Traders
Scalpers looking for forex brokers that allow scalping can trade with XM where all trading strategies are welcome without any restrictions. Following are some of the advantages of scalping with this STP broker.
5 Reasons Why XM is the One of the Best for Scalpers
No Requotes - For scalping to be profitable the scalper trader knows that they require all their orders to be executed quickly without re-quotes because for scalpers, the speed of execution matters and a trader requires very fast execution to execute the numerous trades that they execute on the market.
If a scalper were to use a broker implementing requotes then it is most likely the trader might encounter hundreds of them per day. With most traders making anywhere between 20 to 100 hundred FX trades in a day, a few requotes can add up to many and in fast moving markets these requotes increase tenfold to the level where even placing one trade becomes impossible due to many requotes let alone executing a number of several trades.
With a No-Requotes policy it means a trader can trade as many times as they want without ever receiving.
Execution with no - requotes will have multiple liquidity providers such that at any one given time there is enough liquidity to guarantee a buy or sell trade order is executed instantly.
For a scalper the execution rate can make the difference between making profits or making losses, this is why it's best to scalp with a no-requotes execution policy.
Order Execution Rate of 100% with 99.35% of orders executed in less than a second
All orders are guaranteed to be executed & the execution rate of XM is 100% with 99.35% of all trade orders being executed in less than one second. This is the reason why this is the best broker.
Scalping EAs are Allowed
Forex scalping robots are allowed and scalpers implementing automated bots can trade with this broker using their Expert-Advisors.
No Virtual Dealer Plug-in
With XM there is no virtual dealer plug-in software meaning your trading strategy will not get any interference during order execution. This is especially crucial for traders using Expert Advisor Forex Robots as their Scalping EAs can trade free in the market without any execution interference from this broker, such as requotes or off quotes, therefore the more chances that your winning strategy produces the same profitable results as it did when you were back-testing it.
Trade Even During the News
One of the popular scalping time is when there's an economic news data report. At XM, scalpers can trade even during the economic data report times & this is made possible by the fact that XM has multiple liquidity providers which guarantee trade order execution at any time in the open exchange market, therefore there is no restriction on trading even during the news information reports times.
Fills of upto 50 Lots
For trades execution is guaranteed up to trades of 50 Lots on a single trade. Stop loss is also guaranteed for any order at any price set by the trader. This again is made possible by the availability of multiple liquidity providers providing enough liquidity at all times to guarantee trade execution of all orders at all times.
Free VPS for forex Expert Advisor hosting
Free VPS hosting is provided & traders can install their automated Forex scalping robot on the VPS server and have their Expert Advisor Forex Robots online 24 7. A VPS is a better option for running your scalping Expert Advisor, where instead of running the EA from your Personal Computer, the Expert Advisor is hosted on a Virtual Private server and the Expert Advisor can trade in the market throughout because the VPS is on throughout 24 7.
