One of the Best Broker for Scalping for EA Robots & Traders
Scalpers looking for brokers that allow scalping trading 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 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 trades in a day, a few re-quotes will add up to many and in fast moving markets these increase ten fold to the level where even putting one trade becomes impossible due to many re-quotes let 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 - requotes will have multiple liquidity providers such that at any one given time there's enough liquidity to guarantee a buy or sell trade order is executed instantly.
For a scalper trader the trade 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 percent of orders executed in less than a second
All orders are guaranteed to be executed and execution rate of XM is 100 % with 99.35% of all orders being executed in less than one second. This is another reason why it's one of the best.
Scalping Expert Advisors are Allowed
Forex scalping robots are allowed and scalpers implementing automated robots can trade with this broker using their Expert Advisors.
No Virtual Dealer Plug-in
With XM there's no virtual dealer plug-in software meaning your trade strategy won't get any interference during trade order execution. This is especially crucial for traders using Expert Advisor Robots as their Scalping Expert Advisors can trade free in the market without any execution interference from the broker, such as requotes or off quotes, therefore the more the chances that your winning trade strategy produces the same profitable results as it did when you were back-testing it.
Trade Even During the News Time
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 order execution at any time in the open exchange market, hence there's no restriction on trading even during news data reports times.
Fills of up to 50 Lots
For trades execution is guaranteed upto trade transactions of 50 Lots on one trade. Stop-loss is also guaranteed for any order at any price set by trader. This again is made possible by availability of multiple liquidity providers that provide enough liquidity at all times to guarantee execution of all trade orders at all times.
Free VPS for EA hosting
Free VPS hosting is provided & traders can install their automated Forex scalping robot on the VPS server and have their EA 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 & the Expert Advisor can trade in the market throughout because the VPS is on throughout 24-7.
