Best CFD Broker for Scalping for Expert Advisor CFD Bots and Traders
Scalpers looking for cfd brokers that allow scalping can trade with XM where all trading strategies are welcome without any restrictions. The Following are some of the advantages of scalping with this STP broker.
5 Reasons Why XM is the Best for Scalpers
No Requotes - For scalping to be profitable the scalper trader knows that they require all their cfd 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 cfd trading 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 cfd 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 - re-quotes will have multiple liquidity providers such that at any one given time there's enough liquidity to guarantee a buy or sell cfd 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 and the execution rate of XM is 100% with 99.35% of all orders being executed in less than one second. This is reason why this is best.
Scalping Expert Advisors are Allowed
CFD Trading scalping robots are allowed and scalpers implementing automated cfd bots can trade with this cfd trading broker using their trading EAs.
No Virtual Dealer Plug-in
With XM there is no virtual dealer plug-in software meaning your strategy won't get any interference during trade order execution. This is especially crucial for traders using EA CFD Robots as their Scalping Expert Advisors can trade free in the cfd 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 is an economic news report. At XM scalpers can trade even during economic report times this is made possible by the fact that XM has multiple liquidity providers that guarantee order execution at any time in open cfd market, therefore there's no restriction on trading even during the news data reports times.
Fills of upto 50 Lots
For trades execution is guaranteed upto trades of 50 Lots on a single trade. Stop loss is also guaranteed for any order at any cfd price set by the trader. This again is made possible by availability of multiple liquidity providers that provide enough liquidity at all the times to guarantee execution of all orders at all times.
Free VPS for cfd Expert Advisor hosting
Free VPS hosting is provided and traders can install their automated CFD Trading scalping robot on the VPS server and have their EA CFD Robots online 24-7. A VPS is a better option for running your scalping Expert Advisor, where instead of running the Expert Advisor from your Personal Computer, the EA is hosted on a Virtual Private server and the EA can trade in the cfd market throughout because the VPS is on throughout 24-7.
