5 Suitable Brokers for Scalping in Iran

Scalping is one of traders' most popular trading styles; a method in which profit is made from small price moves on short timeframes. Success in scalping is not just a matter of a trader's analytical skill; choosing a broker that, in addition to serving Iranians, offers low spreads, fast execution and no particular restrictions on trading also plays an important role in the profitability of this style. In this article, we will look at the concept of scalping, the features of a suitable broker for scalp trading and 5 suitable brokers for scalping in Iran.

 

What Is Scalping in Trading?

Scalping is a short-term trading style in which the trader profits from small price moves in assets by opening and closing many trades on short timeframes (for example, a few seconds to a few minutes), and each position in scalp trading typically stays open for a few seconds to a few minutes.

Scalping in forex is especially common on highly liquid currency pairs such as the euro against the dollar (EUR/USD), as well as gold scalping, because thanks to their high liquidity these symbols have enough moment-to-moment volatility to produce small, consecutive profits. Traders who choose this style generally do not keep their positions open and exit trades at specific predetermined profit or loss levels.

 

Why Is the Right Scalping Strategy Important?

Since the profit on each scalping trade is very small, the slightest error in analysis, strategy setup or a delay in trade execution can quickly wipe out the profit accumulated from scalp trading; that is why having a clear, tested scalping strategy matters more than in other trading styles.

The best scalping strategy is usually a combination of several strategies and analyses, drawn from short-term indicators (fast moving averages, RSI or Bollinger Bands), support and resistance levels on lower timeframes, and clear entry and exit rules. Without such a framework, the trader is exposed to overtrading, whose cost quickly rises through spreads and commissions; that is why choosing a strategy should go hand in hand with choosing a broker that minimizes execution costs.

Features of a suitable broker for scalping

Keep in mind that not every broker is suitable for scalping. So before opening an account with a broker, be sure to check the following features:

• Low spreads and commissions: Low spreads in scalping have a direct impact on accumulated profit.
• Execution speed and minimal slippage: Trades must be executed in a fraction of a second with the least possible slippage. In other words, the broker must have low ping.
• No limits on the number of trades or the use of EAs: Scalpers place dozens of trades a day; the broker should not impose any restrictions on the use of trading bots.
• ECN or STP execution model: A direct connection to the market reduces the risk of a conflict of interest between broker and trader and brings prices closer to real market prices.
• Suitable leverage: Higher leverage makes it possible to manage trade volume with less capital and, as a result, earn more profit.
• Regulation and fund safety: A reputable license and a long track record are signs of the broker's stability and trustworthiness.
• Persian support and Rial deposits and withdrawals: This feature matters to Iranian traders, although its absence does not seriously harm the scalping style.

 

 5 of the Best Brokers for Scalping with Low Spreads

Because of the restrictions that international sanctions have placed on Iranians' access to many reputable international brokers, most brokers active in this field are out of reach. Even so, there are still reputable and notable brokers that serve Iranians. Below we review 5 suitable brokers for scalp trading with low spreads and fast execution. Note, however, that broker conditions change from time to time, so we recommend checking the latest conditions on each broker's official website before depositing.

 

Scalping with Errante

Errante started operating in 2018 and also serves Iranian users. This broker also offers an ECN execution model, meaning orders are sent directly to market liquidity providers.

Of the Standard, Premium, VIP and Tailor Made accounts, the last two are designed for scalping:

• The VIP account with a minimum deposit of $3000, spreads from 0.2 pips and a $3 commission per lot
• The Tailor Made account with a minimum deposit of $15000 and spreads from zero

Errante has no limits on the number of orders or the use of EAs, and the minimum trade size is just 0.01 lots. Errante's server ping is also just a few milliseconds, which indicates fast order execution.

 

Scalping with FxPro

FxPro has more than two decades of activity and is one of the reputable global brokers that also serves Iranians. For scalping, the Raw+ account with a minimum deposit of $200, spreads from zero pips and a $7 commission per lot is considered a suitable option. Order execution takes a few milliseconds, which makes this broker suitable for scalping.

 

Scalping with Alpari

Alpari with more than two decades of activity, is one of the oldest brokers with a long history of working with Iranian traders.

For scalping, the ECN and Pro ECN accounts are suitable options:

• The ECN account is commission-free, with spreads starting from 0.1 pips and a minimum deposit of $300.
• The Pro ECN account has a minimum deposit of $500, floating spreads from zero pips and a commission of $18 per million in notional value traded. Leverage on these accounts goes up to 1:3000.

 

Scalping with AMarkets

AMarkets has been operating since 2007 and serves Iranians under offshore regulation. For scalping, the ECN and Zero accounts are the best choices:

• ECN, with a minimum deposit of $200, floating spreads from around 0.2 pips and a $5 commission per lot, is a good choice for scalping.
• The Zero account, with a minimum deposit of $200 and floating spreads from zero pips but an $11 commission per lot, is another suitable option for scalping.

AMarkets' server ping is around 200 milliseconds, which is a reasonable figure for trade execution.

 

Scalping with XChief

XChief, formerly operating as ForexChief, started operating in 2014 and also serves Iranians

Of this broker's 4 account types (Cent, Classic+, DirectFX and xPrime), the DirectFX and xPrime accounts are better suited to scalping:

• The DirectFX account has a minimum deposit of $50, spreads from around 0.3 pips and a commission of $2.5 to $5 per lot.
• The xPrime account has a minimum deposit of $500, spreads from zero pips and a commission of $3 to $6 per lot.

At the time of writing, XChief's server ping is around 80 to 180 milliseconds.

 

This broker's xPrime account offers gold with a spread of around 1.5 pips and a $6 commission. That is why XChief can be named the best broker for gold scalping.

 

Comparison of 5 Suitable Brokers for Scalping

The table below compares each broker's recommended scalping account and its key specifications. These figures fluctuate with market conditions or broker policy; confirm them on each broker's official website before making a final choice.

 

 

FAQs about the best brokers for scalping
 

Which broker charges lower fees for scalp trades?

Overall, FxPro's RAW+ account and XChief's xPrime account have lower total costs for scalp trades. Note that when choosing any broker for scalp trading, you should pay attention to its minimum required deposit, spread, commission and server speed.

 

What is the best broker for gold scalping?

Among the brokers introduced, the best broker for gold scalping is XChief's xPrime account, with a commission of $6 per lot and a spread of about 1.5 pips.

 

Do any brokers also offer a scalping indicator? 

Brokers usually do not offer dedicated scalping indicators, but through the platforms they provide, such as MetaTrader 4 and 5, which all the brokers in this article offer, you can use indicators suitable for scalping.