Understanding Scalping Costs: Beyond Just the Spread
For scalpers, every pip counts. The total cost of a trade isn't just the raw spread; it includes commissions, swap rates (though less impactful for ultra-short-term trades, still a factor for trades held even briefly), and any hidden fees. Exness is renowned for its competitive raw spreads and commission-based accounts, often appealing to high-volume traders. IG, on the other hand, is a market leader with a robust platform, offering spread-only pricing on most of its popular accounts. The choice between these two often comes down to a trade-off between execution speed, cost transparency, and the breadth of markets offered.
Exness: Designed for High Volume, Low Spreads
Exness has built a strong reputation, particularly among high-frequency traders and scalpers, due to its very tight raw spreads on many currency pairs and a transparent commission structure on its 'Raw Spread' and 'Zero' accounts. Their execution speeds are often highlighted as a key advantage, crucial for scalpers who need to enter and exit trades within milliseconds to capture fleeting opportunities. Exness also offers leverage that can be appealing for those with smaller capital looking to maximise potential returns, though this comes with significantly increased risk.
IG: Premium Platform, Regulated Environment, Competitive Spreads
IG is a highly-regulated, publicly-listed company with a long-standing presence in the industry. It offers a comprehensive trading platform suite and access to a vast array of markets. For scalpers, IG's pricing model typically involves a spread built into the price, meaning no separate commission on most forex pairs. While these spreads might be slightly wider than Exness's raw spreads plus commission on specific account types, IG's overall reliability, strong regulatory oversight, and advanced trading tools make it an attractive option for many. Their execution is generally robust, and slippage is often managed effectively.
Comparison Table: Exness vs IG Scalping Key Metrics
To provide a clear picture, here's a comparison of key metrics vital for scalpers. Remember, figures are typical and can vary, so always check the broker's official website for the most up-to-date information.
| Feature | Exness (Typical, at time of writing) | IG (Typical, at time of writing) |
|---------------------------|---------------------------------------------|---------------------------------------------------|
| Spreads EUR/USD | From 0.0 pips + commission (Raw Spread) | From 0.6 pips (Spread-only) |
| Spreads GBP/USD | From 0.0 pips + commission (Raw Spread) | From 0.9 pips (Spread-only) |
| Spreads XAU/USD (Gold) | From 0.0 pips + commission (Raw Spread) | From 0.3 points (Spread-only) |
| Commission (per lot, round turn) | From $3.5 (Raw Spread Account) | None (spread-only pricing) |
| Min Deposit | From $1 (Standard Account), $500 (Raw Spread) | £250 (Bank Transfer), £250 (Card) |
| Regulators | CySEC, FCA (limited), FSCA, CMA, FSA, FSC | FCA, ASIC, BaFin, FINMA, MAS, JFSA, etc. |
| Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal | MetaTrader 4, IG Trading Platform, ProRealTime, L2 Dealer |
*Note: Commission on Exness Raw Spread account is usually quoted per side, so $3.5 per lot per side is $7 round turn. Always verify exact figures with the broker.*
Verdict by Trader Type
The High-Volume, Cost-Sensitive Scalper
If your primary concern is the absolute lowest possible trading cost on a per-trade basis and you're comfortable with a commission structure, Exness might be your preferred choice, especially with its Raw Spread or Zero accounts. The very tight spreads can offer a significant advantage for those executing hundreds of trades daily, where even fractions of a pip can aggregate into substantial savings or losses. However, be mindful of the regulatory environment in which you trade with Exness, as it varies by entity.
The Regulated, Advanced Tool-Seeking Scalper
For scalpers who prioritise robust regulation, a feature-rich trading platform, and a comprehensive suite of analytical tools, IG stands out. While its spreads might be slightly wider than Exness's raw spreads (plus commission) on certain pairs, the stability, advanced charting, and superior order management capabilities of the IG platform can justify the cost for many. IG's strong regulatory standing provides an added layer of security and trust, which is invaluable for any trader.
The New or Developing Scalper
For those new to scalping, the choice might depend on your learning style. Exness's low initial deposit requirements on some accounts can be attractive for starting small. IG, with its extensive educational resources and demo accounts, offers a solid environment for learning. Ultimately, both require practice and a deep understanding of market dynamics.
Final Thoughts on Scalping
Scalping is inherently risky. The high leverage often employed, combined with the rapid pace of trading, can lead to substantial losses in a short period. It requires intense focus, quick decision-making, and disciplined risk management. Always start with a robust trading plan and consider using a demo account to hone your strategy before risking real capital.
Open a Vantage account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Frequently Asked Questions (FAQs)
Q: Which broker offers lower spreads for scalping?
A: Exness generally offers tighter raw spreads, particularly on its Raw Spread and Zero accounts, which come with a commission. IG typically offers slightly wider, spread-only pricing.
Q: Is scalping allowed on both Exness and IG?
A: Yes, both Exness and IG generally permit scalping. However, always review their terms and conditions for any specific limitations or requirements.
Q: Do I pay commission on every trade with both brokers?
A: With Exness, commission is typically charged on Raw Spread and Zero accounts. With IG, most popular forex pairs are offered on a spread-only basis, meaning no separate commission is charged.
Q: What is the minimum deposit to start scalping with Exness or IG?
A: Exness can have minimum deposits as low as $1 for some account types, though Raw Spread accounts may require around $500. IG typically requires a minimum deposit of £250.
Next step
Open a Vantage account. CFDs carry a high risk of losing money.