Axis Capital Markets Review Is Axcap1247.com A Legit Forex Broker

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Forex trading with Capital Markets

Capital Markets is a cutting-edge ECN broker, providing you with direct access to financial markets. We offer favorable trading conditions, a wide range of trading instruments, innovative software, and professional expertise in building investment portfolios.

First Steps

Trade online from anywhere in the world with internet access. Open an account with Capital Markets and use MetaTrader 5 for trading. If you don’t have time or don’t want to trade on your own, use our partner’s service COPY DEAL. With COPY DEAL you will be able to earn by copying trades of successful traders.

Test Your Skills

If you are a beginner at Forex trading, start with a demo account. Download the trading platform, open a demo account and practice Forex trading without any risk or obligation. You can test your own strategies, perform technical analyses, and test algorithmic trading systems.

Join Us!

At Capital Markets, we proudly stand by the stability and innovation of our products. Your success is our goal because we profit only when you profit.

VARALEN CAPITAL MARKETS LLC.

Registration ID number 5263705

30 Wall Street, 8th Floor,
New York, USA

Risk Disclosure

Trading in financial markets involves a high level of risk. Margin trading with even slight fluctuations can lead to losses that exceed deposit amounts. The Company shall not be liable for the Client’s trading decisions.

Forex Brokers that allow Scalping

What is scalping?

Scalping – (also known as “snipping”, “churning”) – is a fast-paced trading style where a trader seeks very small profits (usually 2-5 pips) by repeatedly opening & closing trades, which usually last less than a minute.

Forex broker scalping policies – what to expect?

All Forex brokers allow occasional scalping. If your broker doesn’t tolerate even a single quick trade, there must be something wrong with company’s way of conducting business. There is no reason to deny a scalping order, even a few of them in a row, since it’s normal for a trader to quickly adjust/change positions if he/she no longer believes that a trade is going to do well.

Most of Forex brokers these days will allow regular scalping, non-aggressive style, which means a trader will have long-term trades along with short lived trades once in a while. It shouldn’t, however, be assumed that every broker allows regular scalping. Therefore it’s traders’ responsibility to check broker scalping policies, client agreement and if necessary, chat/call/email to a broker with questions about clarifying scalping policies.

Some Forex brokers will fully allow and welcome scalpers. Such brokers are found among DMA brokers and ECN brokers.
You’ll also find them with our Forex Brokers Comparison tool, where look for the category “Scalping” and “Yes, scalpers welcome” option.

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Forex brokers that allow scalping with no known restrictions:

Forex brokers that control scalping and apply restrictions based on scalping activity

10Markets – scalping is allowed, but monitored.
ActivTrades – micro-lot trading service may not be compatible with all scalping techniques, and may therefore be temporarily or permanently removed from the concerned accounts after proper notification. Scalpers are welcome to trade on Interbank accounts.
AFX Capital – scalping is allowed on EA scalping accounts.
AGEA – the maximum number of short-term positions (shorter than 5 minutes) a trader can have in a 4-hour period is 10. If a trader closes more than 50 short-term positions or more than 200 total positions in 7 consecutive days, the trader’s account will be temporarily prevented from sending new orders into the market.
AL Trade – we consider scalpers somebody who systematically pip hunts below 2-5 pips on average. Since it is difficult to cover such positions in the market, we would need to increase the spreads or apply trading limits for clients with permanent scalping strategies. Accordingly spread and order levels will be increased on your trading account according to Article 3.5 of AL Trade Customer Agreement Annex B.
Alpha Capital Markets – scalping is allowed, but monitored.
AvaTrade – “fair” scalping is not prohibited.
C.I.M. Banque – we have no problem with scalpers as we do have a huge liquidity. However, above a “5 million transaction”, we would prefer to talk to you before to understand exactly how you work.
CMC Markets – don’t totally restricts, but actively discourages scalping.
CornerTrader – scalping is allowed, but is monitored.
Easy-Forex – Time limit for closing positions is 30 seconds.
eToro – minimum time to stay in a trade is 5 minutes.
FIBO Group – allows the use of scalping, unless your strategy does not breach trading rules of the company.
Finotec Trading Inc – scalping is possible, but not entirely tolerated.
Forex Club – scalpers requesting many of quotes without executions will be put you on the bottom of the list and receive lesser priority.
HYCM – scalping is allowed but it is monitored.
ICM Capital – scalping allowed, but monitored.
InstaForex – P. 3.14.6. Orders that have not more than 2 minutes left before being closed (or the time left before a lock order is executed) can be canceled by the Company.
FXBM – scalping is monitored.
FXOpen – you can scalp but most of your positions should open for at least 1 minute.
IKOFX – Scalping techniques less than two minutes are prohibited, all trades are required to be held at least two minutes or longer. Penalty may cause profits and rebates to be forfeited.
MEX Group – scalping and EAs are allowed on special accounts only. Where scalping is defined as: “opening and closing trades within 120 seconds, where such trades constitute more than 25% of total trades”.
Nexsus Financial Markets – scalping is allowed, but is monitored.
NoaFX – scalping is allowed on Pro accounts. Scalping is prohibited on Ultra accounts, where scalping is defined as “have a holding period of less than 4 minutes and/or have Take Profit levels of less than 3 pips”.
One Financial Markets – scalping is allowed, but it’s monitored.
Price Markets – scalping is allowed on Dynamic MT4 & ECN accounts only.
Profiforex – scalping is allowed, but it’s monitored.
Real Trade – Market orders closed in a 60 second period (or before the 5th tick) from the moment of opening an order are subject to cancellation. Orders longer that 1 minute are fine.
SuperForex – Scalping is allowed, but monitored.
Windsor Brokers – at Windsor we tend to give our client to use the trading strategies that suits their need and if the client trading strategies is considered inappropriate our unprofessional the client is officially advised before taking any action concerning his account.

Forex brokers that don’t allow scalping

Abshire-Smith (except for DMA accounts)
ACM Gold
AGM Forex (non-ECN accounts)
AmigaFX
BelforFx
Capital Index
CAPPROFX
ContinentalFX
Deltastock AD
eToro
FCI Markets
Forex Corporate (except for VIP accounts)
ForexCT
ForexYard
Forex Global Market (FXGM)
Gallant Capital Markets (GCMFX)
GCI Financial (all accounts except ECN)
InterTrader
INTFX
Markets.com
One Financial Markets
Plus500
TFIFX
Trade12
TraderNovo
USGFX
Wenn Markets

MT4 one-click trading improves scalping experience

With resent addition of one click trading to MT4 (since early 2020, MT4 terminal platform build #482), scalping has become more efficient for MT4 users who prefer manual trading.
Further details at: MT4 Forex brokers

Opinions about Scalping in Forex

Many believe that scalping is one of the best, sometimes easiest way, to profit in Forex. 100% of traders at some point tried scalping.

Professional traders, however, in their majority won’t consider scalping as their prime Forex strategy, because despite all beliefs, manual scalping is a hard work, while automated scalping is often detected and banned by Forex brokers.

You need to be quick when scalping and so you need a broker that offers you good execution and tight stop losses, otherwise your risk management will be out the window!

Copyright ©100Forexbrokers.com | All Rights Reserved

Do you know another Forex broker that allows scalping?
Please suggest by adding a comment below.

Admiral Markets Group consists of the following firms:

Admiral Markets Cyprus Ltd

Admiral Markets Pty Ltd

Admiral Markets UK Ltd

Reading time: 14 minutes

Did you know the forex market is the largest financial market in the world, with over $5 trillion traded every single day? Not only does it allow central banks and corporations to trade with each other, or holidaymakers visit new destinations, it also also allows speculators to take advantage of a market that trades 24 hours a day, 5 days a week.

There has never been an easier time to access the world’s forex market either. At the click of a button you could be trading on the direction of the Euro, British pound, Japanese Yen, US dollar or even the Russian Ruble! There are hundreds of currency pairings to trade from, so you’re free to find the ones that interest you most.

However, while the financial gains of trading the forex market seem lucrative, it’s not considered easy. Having a sound trading education, a properly funded trading account and understanding of risk management techniques are essential. Unfortunately, there are many unscrupulous individuals who will try to scam individuals through forex trading scams.

Forex scams will be around for as long as the Forex market exists. As schemes are evolving, scammers are always somewhere nearby, trying to extort your money away. But could there be a solution to this problem?

Investment scams take many different forms. Some of the scams are even named after their creators – such as a Ponzi scheme, after the infamous scammer Charles Ponzi. Forex scammers tend to target beginners or uneducated traders. The best way to combat this, and avoid getting scammed, is by getting a good Forex trading education, so you are aware of everything before you enter the markets.

Once you master the markets, you are no longer an easy target. Forex scams often use phrases like “a too-good-to-be-true investment opportunity” as a way of convincing you to part ways with your money. When you lack trading experience, swindlers will try to exploit your optimism and fears. Here’s where Forex scammers step in and make you exciting offers.

How To Spot A Forex Trading Scam

The most important giveaway of a Forex scammer is the guarantee of unusually large profits with little or no financial risk. First of all: there’s no such thing as a 100% guarantee. If there was, there’s no way traders would share it with other market players. Some of these offers may sound very attractive, especially to beginning traders. But as the saying goes, the only free cheese is in the mouse trap. The bottom line is this: if something sounds too good to be true, it probably is.

For some more insight into the trading ‘dream’ that a lot of scammers sell, and the trading reality that most traders experience day-to-day, check out this video from professional trader Paul Wallace.

Here a few simple rules to follow in order to avoid scammers:

  • Remain safe and don’t run after empty promises
  • Be especially wary of software that claims to have found a ‘secret formula’
  • Do not install any programs until you are certain they won’t damage your computer

Another giveaway is that scammers never register with any regulatory authority. Remember – true brokers always provide proof of their legitimacy. If you suspect that a Forex brokeris lying about their regulation, you can contact a regulatory authority who may be able to provide a list of regulated companies, and a list of cases opened against regulated companies. This will help you understand which Forex brokers to avoid.

Three Major Types of Forex Scams to Avoid

Those involved in forex scams, money scams and general trading scams are always trying to find new and innovative ways to take advantage of new traders. However, there are three major types of forex scams that people commonly fall victim to. Understanding them is the first step in trying to avoid them.

#1 Forex Robot Scams

A forex robot is a trading program which uses algorithms, or lines of computer code, as technical signals to enter and exit trades. Typically forex robots are built using expert advisors, or EAs, within the popular MetaTrader suite of trading platforms.

Of course, not all forex robots are scams. Searching online for forex robot scams list may help you avoid some of the known scammers. However, here are a few things to watch out for to avoid any forex robot scams you may come across:

  1. Marketing messages that are unrealistic: If the author of a forex robot has to ‘sell’ you on it the dream of what it could do for you, then it’s unlikely they’ll have the results to back it up. After all, numbers don’t lie, or do they?
  2. Very high percentage growth returns: There are some forex robots that are advertising systems that should over 4,000% return in just a few years. This may seem fantastic, but it’s important to look at the statistics. The return could just be closed trades, the system may have open trades that if the stop losses were hit could wipe out any gains.
  3. Undiversified scalping strategies: Many forex robots employ a scalping system which means they trade for very small profits. This then shows a high win rate and can inflate the results in a supportive market condition. Yet, market conditions change, and if the system loses more per trade than it wins, it will only take a few losing trades to wipe out any accrued profit.
  4. Using unregulated brokers: There are some forex robots that show extremely good results using unregulated brokers no one has ever heard of. In this instance, the results might be good on their own interbank spreads but if you open an account with them your spreads and commissions will be wider, thereby eating into much of the profit.

At the end of the day, if you are considering using a forex robot, then treat it like a business rather than make an emotional decision. Start with an online search for a forex robot scams list and then do your own due diligence. As the saying goes, ‘if it looks too good to be true it usually is’.

#2 Forex Signal Seller Scams

Forex signal sellers are individuals who send out trade ideas which usually include a currency pair, direction, entry price, stop loss and target levels. There are multiple things to look out for so you don’t fall victim to these kinds of forex trading scams and money scams:

  1. Subscription fees: Individuals may market you amazing results without any verification. To get access to the trades, you often need to pay high subscription fees, or they start out low and use credit or banking details for other kinds of money scams. If their trade calls were so good, why sell them at all?
  2. Broker-tied signals: Some signal sellers offer you trading signals, but only if you sign up with a specific broker. This means they may be getting a kickback from the broker, so are motivated to send you any trades for you to take regardless if they win or lose. Having said this, there are some that will want to keep you profitable so they can continue to receive their kickbacks from the broker, which acts as their payment for the service.
  3. Unverified results: It’s all well and good saying your forex signals have made a high percentage return but if they can’t show a verified track record it means they’re not trading the signals themselves – which is clearly a red flag in itself.

The key to avoiding any type of currency exchange scams, money scams or trading scams is to, again, think like a business and do your due diligence, rather than act on an emotional decision of inflated promises and dreams.

#3 Phony Forex Trading Investment Scams

There are many adverts nowadays promoting phony forex trading investments scams and phony forex investment funds. In essence, a slick marketing message or salesperson will sell you on the phantom, or unverified results, of their forex fund. All you need to do is send them your investment, and you can sit back and enjoy the returns.

Of course, many people who send their money over often never see it again. The company says they’ve never heard of you and have not received any funds from you. What started as a forex trading investment scam now turns into one of those money scams.

Another outcome, is that they open an account for you, usually with an unregulated shady broker. However, after one or two trades, they wipe out your account. While they blame it on the market, it’s all gone to their brokerage company. And, because it is unregulated, it’s very difficult to get your money back – just another type of currency scam.

Why You Should Educate Yourself To Avoid Trading Scams

As Forex trading carries exceptionally high risk, losses are inevitable. Retail speculators are almost always trading undercapitalised, and are subject to the problem of gambling addiction and improper use of leverage. Any speculator who trades without skill is essentially playing against the market as a whole, which has nearly infinite capital, and they will almost certainly go bankrupt as a result.

In all fairness, a large number of the reports of money being stolen by brokers is a result of weak trading, and not scam brokers. If unskilled traders spent time developing a proper trading methodology they would become better traders much quicker, and would likely avoid Forex scammers altogether, as they would suitably informed about the potential risks and what to avoid.

Most retail traders should be able to use almost any trading platform with any broker, and see very little difference in their results – it’s that simple. Once you accept your losses, trade with a trading system, and master your market, it will be much harder for you to fall for a scam.

Three Signs of Forex Trading Investment Scams

1. Trading Systems and Education Without Any Proof

There are a lot of scammers selling trading systems and education. When you ask them to provide any proof of their trading history, they evade the answer. There are also many traders who would offer their systems without a trading room or any services. These types of scammers are sometimes referred to as “snake oil merchants”. “Snake oil” is the term traders use for false traders and trading systems that have no valid proof of their trading history.

2. Email Spam Asking for Personal Info

Scammers may also ask you for personal information, such as:

  1. Your full name
  2. Your phone number
  3. Your home address

Don’t give away your personal details to someone you don’t fully trust. Be suspicious of brokers who don’t provide you with a written risk disclosure statement. Even if they do, read the statements thoroughly, because the devil is in the details. Remember, data may become currency soon.

3. No Background

Never work with someone who refuses to provide you with their background information. Be it a broker, a trader, an educator, or a money manager. Always do a quick check online to see if the person or company is legit.

According to New York Magazine, a kid from Queens, New York City in the USA made tens of millions of dollars by trading stocks on his lunch breaks at Stuyvesant High School. What happened in reality, is that it turned out he never made any money, and all his profits were made in a paper trading account.

How to Avoid Forex Scams

The best way to avoid investment scams is to take your time. Don’t rush your decisions – and make sure to assess all the pros and cons first. Finding a reliable Forex broker is not an easy task, but you’ll benefit in the long run from investing your time. The first step you should take when you come across a Forex broker or agency is to google their business name.

Look for customer reviews on reputable websites. If there are none or they are sound fake, you should stay away from that service provider. Additionally, you can browse through scam reviews and see if a Forex broker is as reliable as claimed. Also, make sure to find out if there are any outstanding legal actions against the broker.

For example, you can:

  • Visit Forex forums and see whether there are any complaints about fund withdrawals, and if so:
  • Contact the user who posted the complaint and ask for more details.

Perhaps the user was mistaken or confused, but it never hurts to ask. A proper background check will also minimise your risks.

Keep Away From Opportunities That Seem Too Good to Be True

Easy money? No way! Don’t believe anyone who tells you it’s easy to make money with something like ”20% gain per month”. It’s pure nonsense, because Forex & CFD (contract for difference) trading requires a lot of screening time, education, patience, and quick wits to become profitable. There is no easy money achieved here. If you dedicate your time and learn how to trade properly, you might achieve an additional source of income.

Further Steps You Can Take To Protect Yourself

Make sure to compare the regulations of the regulatory authority with the terms on the broker’s website to find inconsistencies and anomalies in their terms. If you don’t trust your own judgement, or you simply don’t have time, ask the advice of a licensed financial advisor. Additionally, you can ask for business registration proof before registering with a broker. Make sure to read through all the fine print when opening an account. Sometimes scammers use account incentives against the trader, when it comes to withdrawing funds.

  • If you receive bonus funds and wish to withdraw them, a Forex scammer may deny you that right due its terms and conditions.

Don’t forget that when you start live trading – always trade a small volume for a short period initially, and then attempt a withdrawal. If everything goes smoothly, it’s safe to deposit more funds. The availability of a Demo account is another indicator of a good or bad broker. If you don’t get offered this option, or are discouraged from demo trading, this is a strong indication of a Forex scammer.

Questions To Ask To Avoid Forex Trading Investment Scams

Remember that you have every right to ask questions. A few proper questions, can determine whether you are dealing with a trustworthy broker or a Forex scam artist. Make sure know your rights, research the contacts, and check the company’s registration and business background. Keep in mind that all the information you receive from a potential new broker must be in written form. Never rely on phone conversations or oral statements.

Ask yourself these questions:

  • What can you do when you realise a broker’s offer is not for you?
  • How binding is the contract?
  • How easy is it to reach customer service?
  • Can you contact the broker by phone, Skype or email?
  • Do they list a physical address?
  • Do they use actual names?
  • Are they a registered company?
  • Can they provide performance history?

Conclusion

To ensure you’re not a victim of a scam, always use a regulated broker that is well established, has favourable online reviews, and is 100% transparent in their fees and compliance policies. The allure of quick money and easy cash will always be omnipresent, which is why you should make sure that you fully understand what it truly takes to become successful at currency trading, without using quick-fix schemes that put you at risk.

Trading With A Demo Account

Trader’s also have the ability to trade risk-free with a demo trading account. This means that traders can avoid putting their capital at risk, and they can choose when they wish to move to the live markets. For instance, Admiral Markets’ demo trading account enables traders to gain access to the latest real-time market data, the ability to trade with virtual currency, and access to the latest trading insights from expert traders.

To open your FREE demo trading account, click the banner below!

About Admiral Markets

Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Forex brokers in Kenya

There is currently no regulatory framework prohibiting nor guiding online forex trading in Kenya. The Capital Markets Authority (CMA), the Kenya’s financial watchdog, is going to provide a legal framework for online forex trading. The Forex brokers will need to obtain an online forex broker’s license granted by the Authority.

List of best global Forex brokers

Here you can find a list of global reliable Forex brokers online accepting traders in Kenya.

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