Best Brokers for Scalping Crypto

As traders, we all have different trading styles and strategies. The choice of strategy might be because of current market conditions or your unique trading style. Scalping is a trading style wherein a trader holds a trade for a very short time (a few seconds or minutes) to catch small profits from the financial markets. As a trader involved in scalping crypto, ensuring that your chosen broker supports scalping is crucial.

The fact is that not all brokers support scalping financial instruments like crypto, forex, stocks, gold and other CFDs. For example, eToro is a great broker but the company does not allow scalping. The point is that you might think a broker supports scalping but they may not! That’s why we have compiled this list of the best brokers for scalping crypto. You confirming that your chosen broker supports scalping crypto is just the first step. This is because when scalping, things happen so fast and you expect to make profits with tiny market movements.

Hence, it is important to choose brokers with very low spreads, tiny commissions, and fast execution times. We have done the hard work and can assure you that all brokers on this list are great for scalping crypto. That is, provided you know your trading strategy well and have a great trading plan. Okay, let’s dive in.

FP Markets

FP Markets prides itself on its “performance-driven technology and ultra-low spreads”. Their Trustpilot reviews with an average of 4.9 (out of 5.0) from about 3,500 vetted customers are proof that FP Markets is doing something right. FP Market is a trusted and regulated CFDs broker established in 2005 with tight spreads, fast execution, and flexible leverage. You can easily deposit funds into your trading account via credit/debit cards, direct bank transfers, popular payment gateways like skill, or online banking.

Debit/credit cards and domestic bank wire deposits and withdrawals take on average 1 business day to process. FP Markets is popular among traders including those that scalp crypto. Fortunately, FP Markets has one the lowest spreads on crypto in the market, so scalping this asset category is very convenient. Additionally, FP Markets claims to have ultra-fast execution times of under 40ms. Both Metatrader4 and Metatrader5 platforms allow crypto trading across both mobile and desktop devices. The broker also recently introduced TradingView as another platform where traders can execute their trades.

72.92% of retail CFD accounts lose money

Exness

Exness is an internationally regulated broker that supports scalping crypto with competitive fees. The company supports 24/7 cryptocurrency trading and does not charge any swap fees overnight on cryptos. These features of Exness make the cost of placing a scalping trade as low as possible. If you are a trader who loves to be unrestricted with leverage, Exness offer one of the highest leverage in the market reaching up to 1:unlimited. However, you should be cautious and use leverage wisely to avoid blowing up your trading account. Please note, that Exness, unfortunately, does not provide its services to retail traders from the UK and EEA countries.

You can effortlessly deposit and withdraw funds using popular cryptocurrencies, payment gateways, and even your local currency, with Exness covering all associated fees. Exness is highly optimized for crypto scalping and offers a broad range of additional features to enhance your trading experience. Clients can trade at Exness using the popular trading platforms MT4 and MT5.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

Forex.com

Forex.com, despite its name, is not only for forex trading but also allows CFD crypto trading. This broker provides one of the lowest trading costs for popular crypto pairs and supports scalping. This broker has existed for more than 20 years. They have tight spreads, fast execution, and 24/7 live customer support. Though crypto trading with forex.com isn’t available on MT4, traders can use MT5 which has improved charts and more indicators.

Cryptocurrencies available for trading are Bitcoin, Litecoin, Ethereum, and Ripple. You can go long or short on these popular cryptos without owning a wallet or dealing with exchanges. Trading hours for crypto on Forex.com are 22:00 Sunday – 22:00 Friday. Apart from scalping crypto, European and international clients can trade CFDs on forex, indices, shares and commodities. Forex.com is also one of a few brokers that accept US clients. However, US clients can trade here only forex, futures and futures options.

74-76% of retail investor accounts lose money when trading CFDs with this provider.

XTB (X-Trade Brokers)

XTB is a worldwide regulated broker that supports crypto scalping with offices in over 13 countries including the UK, Poland, Germany, France, and Chile. You have access to trade CFDs on 49 crypto instruments including popular ones like Bitcoin, Ethereum, Cardano, and Chainlink. XStation 5 is XTB’s innovative trading platform. It is one of the best trading platforms on the market and even got an award from Online Personal Wealth Awards as the ‘Best Trading Platform 2016’.

There is a desktop and mobile version of XStation 5 and it’s suitable for both experienced and new traders. At XTB, the crypto market is open 24/7 with low trading costs and spreads starting from 0.22%. Also, XTB is known to be safe and secure. They have a user base of 495,000+ clients and 24/7 customer support. It is also one of the most popular CFD and Forex brokers in the UK. It is easy to get started with a demo account and you get 30 days of free access to the XTB trading platform. 

74-76% of retail investor accounts lose money when trading CFDs with this provider.

IQ Option

There are over 48 million registered IQ Option users across different countries. IQ Option gives traders leverage and a fairly tight spread to trade popular CFDs on cryptocurrencies like Bitcoin, BNB, Ripple, and Ethereum. You can easily deposit and withdraw via Visacard, Mastercard, or Webmoney, among others. Traders can scalp all crypto-available assets.

IQ Option has high liquidity due to its monthly trading volume of more than $11B. As a crypto scalper, this means you get competitive pricing and fast trade execution. Also, there is 24/7 customer support ready to address the challenges you may encounter. This broker provides trading flexibility as you can access the trading platform from desktop, web, IOS, and Android apps. IQ Option has its own in-house built trading platform suitable for both advanced and new traders. This platform won an award from “Forex Awards 2014” as the best trading platform. In addition, there is the IQ Option Charitable Foundation which is dedicated to the cause of children. If you decide to trade crypto with this broker, a part of the trading costs you pay may go to this charity’s cause.

AvaTrade

AvaTrade is a reliable broker which is regulated by different bodies across the globe and you can trade CFDs on Bitcoin and other cryptocurrencies with competitive spreads. Unlike some exchanges, reliable brokers like AvaTrade do not charge hidden transaction fees. AvaTrade is a zero-commission broker and there are no transaction fees for withdrawals and deposits. However, you will be charged fairly tight spreads on all trades.

On Trustpilot, AvaTrade has many positive reviews with an average of 4.7 (out of 5.0) from over 7,200 vetted customers. It is evident that many clients enjoy their experience with AvaTrade. You can use global trading platforms like Metatrader4 and MetaTrader5 or AvaTrade’s unique platforms to scalp crypto. These platforms support both manual and automated trading. For instance, you may want an automated copy of your trades from one account to another account. You can also open a demo account to practice any new scalping strategy before implementing it in the live market.

76% of retail CFD accounts lose money

Conclusion on the Brokers for Scalping Crypto

As a crypto scalper, you need to be very conscious of trading costs such as commissions, spreads, and swaps. Apart from trading costs, we also need to ensure the brokers we use are regulated. Also, we need to check out customers’ reviews to get a large sample size opinion of a broker’s customer service team and trading platforms. All brokers listed above are good for scalping crypto. You should do further research before choosing a broker. You can even contact their customer support to get a feel of their customer service. You are now equipped with a list of internationally regulated and trusted brokers that are great for scalping crypto.