Best Commodity Trading Broker for Scalping for EA Commodity Bots & Traders
Scalpers looking for commodity brokers that allow scalping can trade with XM where all trade 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 commodity 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 commodities trading market.
If a scalper were to use a broker implementing requotes then it is most likely the trader may encounter hundreds of them per day. With most traders making somewhere between 20 & 100 hundred trades a day, a few of these re-quotes will add up to many & in a fast moving markets these can increase tenfold to the point where even opening one trade becomes impossible due to many requotes leave alone executing a number of 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 is enough liquidity to guarantee a buy or sell commodity order is executed instantly.
For a scalper the execution rate can make the difference between making profits or making losses, this is why it is 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 orders being executed in less than one second. This is reason why this is best.
Scalping Expert-Advisors are Allowed
Commodity Trading scalping robots are allowed and scalpers implementing automated commodities bots can trade with this commodity trading broker using their trading Expert-Advisors.
No Virtual Dealer Plug-in
With XM there is no virtual dealer plug-in software meaning your strategy will not get any interference during order execution. This is especially crucial for traders using EA Commodity Trading Bots as their Scalping Expert Advisors can trade free in the commodities market without any execution interference from this broker, such as requotes or off quotes, therefore the more the chances that your winning strategy will 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 which guarantee trade order execution at any time in open commodity 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 upto trades of 50 Lots on a single trade. Stop loss is also guaranteed for any order at any commodity price set by the trader. This again is made possible by availability of multiple liquidity providers providing enough liquidity at all the times to guarantee execution of all trading orders at all times.
Free VPS for commodities Expert Advisor hosting
Free VPS hosting is provided and traders can install their automated Commodity Trading scalping robot on the VPS server and have their EA Commodity Trading Bots 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 commodities market throughout because the VPS is on throughout 24 7.
