Capital.com – Best Overall Pick

Usability:
4.2
Fees:
3.8
Tools:
4.4
Trustpilot Score: 4.6 · Checked February 2026

Because it removes the friction that kills most scalping setups. No commission to calculate per trade. The fastest published execution on this list. A proprietary platform that loads fast, charts responsively on M1 timeframes, and handles one-click entries without hesitation. For the majority of scalpers — particularly those who don't want to manage raw spread accounts or calculate per-lot commissions — Capital.com delivers the cleanest experience I tested. Fill quality during my London session testing was consistently tight.

The spread is wider than Pepperstone's Razor raw spread, but there's nothing on top — no hidden costs. For scalpers trading smaller position sizes or fewer than 20 trades per session, the all-in cost is comparable to or cheaper than a raw spread plus commission model. The TradingView integration adds serious charting depth without leaving the Capital.com ecosystem.

Capital.com desktop trading platform showing USD/JPY 1-hour candlestick chart with MACD indicator and live buy/sell prices around 156.55
USD/JPY 1-hour chart on Capital.com’s desktop platform, featuring integrated MACD indicators, real-time pricing, and multi-asset tabs (Gold, UK100, EUR/USD) for active traders.

Pros

  • 14ms reported execution — fastest on this list
  • Zero commission on all trades
  • Proprietary platform built for rapid one-click entries
  • TradingView integration for advanced charting

Cons

  • No depth-of-market display for order flow analysis
  • Lacks advanced order types found on cTrader
  • Spreads wider than Pepperstone's Razor raw account

Why Did Capital.com Come Out on Top?

Because it removes the friction that kills most scalping setups. No commission to calculate per trade. The fastest published execution on this list. A proprietary platform that loads fast, charts responsively on M1 timeframes, and handles one-click entries without hesitation. For the majority of scalpers — particularly those who don't want to manage raw spread accounts or calculate per-lot commissions — Capital.com delivers the cleanest experience I tested.

Where Does Capital.com Fall Short?

Two places. First, there's no depth-of-market display. If your scalping strategy relies on reading order flow and the liquidity stack before entering, Capital.com can't show you that — you'll need Pepperstone's cTrader. Second, while Capital.com now offers guaranteed stops — a genuine risk management advantage — the platform lacks the advanced order types and liquidity visualisation that cTrader provides.

What Is the Verdict on Capital.com for Scalping?

Capital.com is the best starting point for most scalpers in the UK. Fast execution, no commission, and a platform that doesn't get in the way. If you need order book depth or the absolute tightest raw spreads, Pepperstone is the upgrade — but Capital.com gets more right for more people.

MetricValue
FCA Registration793714
EUR/USD SpreadFrom 0.6 pips
CommissionNone
Execution Speed14ms reported
Min. Deposit$20 by card
FSCS Protected✓ (£85,000)

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Pepperstone – Best for Raw Spread Pricing

Usability:
4.4
Fees:
4.1
Tools:
4.4
Trustpilot Score: 4.1 · Checked February 2026

For high-frequency scalpers, the Razor account numbers are hard to argue with. I recorded EUR/USD spreads averaging 0.1 pips on the Razor account during London hours, with a flat $3 per side commission per standard lot on cTrader ($6 round-trip). On a 1-lot EUR/USD scalp targeting 3 pips, the all-in cost is roughly 0.55 pips (spread plus commission converted). On Capital.com's spread-only model, the cost is 0.6 pips. The gap is small per trade, but across 40+ trades a session, it compounds. Slippage was negligible on liquid pairs during normal session hours.

Note: if you use Pepperstone's Razor account on MT4 or MT5 instead of cTrader, the commission is slightly higher at $3.50 per side ($7 round-trip). For scalping, cTrader is the better platform anyway — so the lower commission is a bonus.

Pepperstone's real scalping advantage is cTrader. The depth-of-market panel is integrated directly into the order entry — I can see the liquidity stack and place orders from the same view without switching windows. One-click trading on cTrader is genuinely one click, not a confirmation dialogue pretending to be fast. It supports cBots for automated scalping, and the M1 and tick chart rendering is responsive without the lag I occasionally noticed on MT4. If you're committed to MetaTrader, my best MT4 broker UK guide covers that angle — but for scalping, cTrader is the stronger platform.

Pepperstone WebTrader demo showing EUR/GBP spread betting chart with live sell price 0.87078 and buy price 0.87086, account balance £52,741.64, equity £52,915.65, and open FX positions including AUD/USD and XAU/USD
Pepperstone WebTrader demo account displaying live EUR/GBP spread betting at 0.87078/0.87086, with £52,741.64 balance, £174.01 unrealised P&L, and multiple open FX and gold positions visible in the portfolio panel.

Pros

  • EUR/USD raw spreads from 0.0 pips on Razor account
  • cTrader depth-of-market integrated into order entry
  • Genuine one-click execution on cTrader
  • Supports cBots for automated scalping strategies

Cons

  • No guaranteed stops — exposed to gap risk during news events
  • Commission adds up on smaller position sizes
  • MT4/MT5 commission higher than cTrader ($3.50 vs $3 per side)

Is the Razor Account Genuinely Better?

For high-frequency scalpers, yes — the numbers are hard to argue with. I recorded EUR/USD spreads averaging 0.1 pips on the Razor account during London hours, with a flat $3 per side commission per standard lot on cTrader ($6 round-trip). On a 1-lot EUR/USD scalp targeting 3 pips, the all-in cost is roughly 0.55 pips (spread plus commission converted). On Capital.com's spread-only model, the cost is 0.6 pips. The gap is small per trade, but across 40+ trades a session, it compounds.

What's the Catch with Pepperstone?

No guaranteed stops. During high-impact news events — NFP, rate decisions, flash moves — your stop can fill well beyond the set level. For intraday scalping on liquid pairs during normal London hours, this is rarely an issue. But if you scalp through data releases, you're carrying tail risk that IG's guaranteed stops would eliminate.

What Is the Verdict on Pepperstone for Scalping?

Pepperstone's Razor account on cTrader is the most technically capable scalping setup in the UK. It beats Capital.com on raw cost per trade for high-volume scalpers. Choose it over Capital.com if you trade 30+ times per session and want order book depth.

MetricValue
FCA Registration684312
EUR/USD SpreadFrom 0.0 pips (Razor)
Commission$3/lot per side (cTrader)
Execution SpeedSub-30ms reported
Min. Deposit£0
FSCS Protected✓ (£85,000)

72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Spreadex – Best for Tax-Free Spread Betting

Usability:
4.6
Fees:
4.5
Tools:
4.2
Trustpilot Score: 4.3 · Checked February 2026

More than most scalpers realise. Spread betting profits are currently exempt from Capital Gains Tax. If you're a profitable scalper generating, say, £500/week in net gains, that's £26,000/year. After the £3,000 CGT allowance for 2025/26, a higher-rate taxpayer would owe roughly £5,520 in CGT on CFD profits. With Spreadex's spread betting account, that bill is £0. The tax saving alone is worth more than any spread differential between brokers.

Spreadex has been FCA-authorised since 1999 and recently added TradingView integration for charting alongside their proprietary platform. Execution during London hours was clean — I experienced minimal requotes on EUR/USD and GBP/USD, with fills landing where expected. Guaranteed stops are available when opening a trade, adding a risk management layer that Pepperstone lacks. Note that Spreadex's guaranteed stops must be placed at the point of trade entry — they can't be added to an existing position later.

Spreadex web platform showing AUD/USD spot market with sell price 0.70277 and buy price 0.70283, trade ticket open for 0.6 GBP per point, daily candlestick chart with MACD indicator and current price panel visible
Spreadex web trading platform displaying AUD/USD spot at 0.70277/0.70283, with the trade ticket open for 0.6 GBP per point and daily chart analysis (MACD) used during our platform testing.

Pros

  • Spread betting profits are CGT-exempt — potentially thousands saved per year
  • FCA-authorised since 1999 — longest track record on this list
  • TradingView integration for advanced charting
  • Guaranteed stops available at trade entry

Cons

  • No MT4, no cTrader, no depth-of-market display
  • Guaranteed stops must be placed at entry — cannot add later
  • Execution speed not published

How Much Does the Tax Advantage Actually Matter?

More than most scalpers realise. Spread betting profits are currently exempt from Capital Gains Tax. If you're a profitable scalper generating, say, £500/week in net gains, that's £26,000/year. After the £3,000 CGT allowance for 2025/26, a higher-rate taxpayer would owe roughly £5,520 in CGT on CFD profits. With Spreadex's spread betting account, that bill is £0. The tax saving alone is worth more than any spread differential between brokers.

Why Isn't Spreadex the Top Pick Then?

Platform depth. No MT4, no cTrader, no depth-of-market display. The proprietary platform handles straightforward scalping — enter on signal, tight stop, quick exit — but lacks the advanced order types and liquidity visualisation that dedicated scalping platforms offer. If your strategy is technically simple and tax efficiency is the priority, Spreadex is the right call. If you need order book tools or algorithmic execution, it's not.

What Is the Verdict on Spreadex for Scalping?

Spreadex is the smartest choice for profitable UK scalpers who want to keep every pip. The CGT exemption on spread betting is a genuine structural advantage. The platform is functional rather than exceptional — pair it with TradingView for charting and you've got a solid setup.

MetricValue
FCA Registration190941
EUR/USD SpreadFrom 0.6 pips
CommissionNone
Execution SpeedNot published
Min. Deposit£0
FSCS Protected✓ (£85,000)

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

IG – Best for Risk Management

Usability:
4.4
Fees:
4.2
Tools:
4.5
Trustpilot Score: 3.9 · Checked February 2026

When the market gaps through your stop level — something that happens more often than scalpers like to admit. A standard stop-loss on a 3-pip scalp might fill at -8 pips during a surprise rate comment or flash crash. IG's guaranteed stop-loss orders (GSLOs) eliminate that entirely: you exit at exactly the price you set, even through gaps. There's a premium for GSLOs, but it's a known, budgetable cost — not an unknown tail risk.

IG's platform ecosystem is the broadest here: their proprietary web platform, MT4, and ProRealTime (which has its own scalping mode pairing order book depth with chart-based execution). With access to over 15,000 spread betting markets, IG gives scalpers the widest instrument range — useful if you scalp indices, commodities, or individual shares alongside forex. Execution quality during my testing was reliable, though IG doesn't publish speed figures for comparison.

IG web trading platform showing GBP/USD daily candlestick chart with MACD indicator, open positions panel, and deal ticket displaying sell price 13625.3 and buy price 13626.8
GBP/USD chart on IG’s web platform, featuring integrated deal ticket, live pricing, MACD analysis, open FX positions, and built-in news and sentiment tools for active traders.

Pros

  • Guaranteed stop-loss orders eliminate gap risk entirely
  • Broadest market range — 15,000+ spread betting markets
  • ProRealTime scalping mode with order book depth
  • Reliable execution quality during London session testing

Cons

  • No raw spread account — spread-only pricing at parity with competitors
  • Execution speed not published for comparison
  • Higher all-in cost than Pepperstone for pure forex scalping

When Do Guaranteed Stops Actually Save a Scalper Money?

When the market gaps through your stop level — something that happens more often than scalpers like to admit. A standard stop-loss on a 3-pip scalp might fill at -8 pips during a surprise rate comment or flash crash. IG's guaranteed stop-loss orders (GSLOs) eliminate that entirely: you exit at exactly the price you set, even through gaps. There's a premium for GSLOs, but it's a known, budgetable cost — not an unknown tail risk.

Why Does IG Rank Fourth?

Cost. IG doesn't offer a raw spread account comparable to Pepperstone's Razor, and the spread-only pricing is at parity with Capital.com and Spreadex rather than beating them. For pure forex scalping where every 0.1 pip of spread matters, the all-in cost at IG is higher than Pepperstone and delivers no execution speed advantage over Capital.com. IG earns its place when risk management and market breadth matter more than squeezing every fraction from your entry price.

What Is the Verdict on IG for Scalping?

IG is the right choice for scalpers who trade through volatile periods or across multiple asset classes. Guaranteed stops are a genuine edge that no other broker on this list offers at the same scale. For cost-first forex scalpers, Capital.com or Pepperstone is the better fit.

MetricValue
FCA Registration195355
EUR/USD SpreadFrom 0.6 pips
CommissionNone (spread bet)
Execution SpeedNot published
Min. Deposit£0 (bank transfer)
FSCS Protected✓ (£85,000)

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

What Makes Scalping Different From Day Trading?

This isn't a rehash of my day trading page with different broker names. If you've read that guide, forget the criteria — scalping rewrites them.

Why Does Execution Speed Suddenly Matter So Much?

A swing trader waiting for a 50-pip move doesn't care whether their order fills in 30ms or 300ms. A scalper targeting 3–5 pips on EUR/USD during the London–New York overlap cares enormously. At 100ms+ execution, slippage on a 3-pip target can eat the entire trade. Both Capital.com and Pepperstone publish execution speeds well below 50ms — the threshold where manual scalping becomes viable.

Why Do Raw Spreads Change the Maths?

On a standard 1.0-pip EUR/USD spread, a scalper targeting 3 pips pays 33% of their gross profit in spread costs before slippage. On a 0.1-pip raw spread plus commission, that drops to roughly 12–15%. Over 30–50 trades per session, the compounding effect is the difference between a profitable month and a losing one.

Does the Platform Matter More Than the Broker?

For scalping, yes. cTrader's depth-of-market display and native one-click execution are purpose-built for this. Capital.com's proprietary platform handles rapid entries well for a web-based tool. MetaTrader 4 works but feels dated — the one-click panel is functional but clunky. The platform is the interface between your decision and your money. For scalping, it's the most important choice you make.

What About Tax?

Spread betting profits (available at Spreadex, IG, and Capital.com in the UK) are currently free of Capital Gains Tax and stamp duty. CFD profits attract CGT at 18% (basic rate) or 24% (higher rate) for the 2025/26 tax year. For a profitable scalper generating hundreds of small gains per week, the tax wrapper matters. If you're new to these distinctions, my guide to spread betting vs CFDs explains the mechanics.

Comparison table showing key differences between scalping and day trading including execution speed, spread sensitivity, tools, and tax impact
Comparison of scalping vs day trading in the UK, highlighting execution speed requirements, spread sensitivity, platform tools needed, and tax considerations for each strategy.

What Are the Key Risks of Scalping?

Risk What It Means What I'd Do
Slippage during newsStops can fill 5–20 pips beyond the set level during NFP, rate decisions, or flash crashes. On a 3-pip target, this wipes the trade.Avoid scalping in the 5 minutes either side of major data releases. Use IG's guaranteed stops if trading through events.
OvertradingScalping's pace makes it easy to chase losses. Three losing trades trigger emotional trading that compounds fast.Set a daily loss limit — I use 2% of account. Hit it, close the platform. No exceptions.
Spread wideningOutside the London–New York overlap (13:00–17:00 GMT), EUR/USD spreads can double even on raw accounts.Only scalp during London session (08:00–12:00 GMT) and the overlap window. Outside these hours, the maths stops working.
Leverage magnificationAt 30:1 on forex, a 10-pip adverse move on 1 lot costs £100. Scalpers often size up because targets are small.Risk no more than 1% per trade. On a £10,000 account, that's £100 maximum — adjust lot size, not risk tolerance.
Platform failureInternet drops or platform freezes leave you stuck in a position. Seconds matter for scalpers.Wired connection, not Wi-Fi. Broker's mobile app on standby for emergency closes.

If you're new to leveraged trading, my guide to CFD trading for beginners covers position sizing and risk management fundamentals before you attempt scalping.

Final Thoughts

Scalping demands more from your broker than any other trading style. The margins are razor-thin, the execution window is measured in milliseconds, and the wrong platform choice compounds into losses across hundreds of trades per week. Capital.com gets the fundamentals right for most scalpers — fast execution, zero commission, and a clean platform. Pepperstone's Razor account on cTrader is the upgrade for high-volume traders who want raw spreads and order book depth. Spreadex makes the most sense if you're profitable and want to keep every pip tax-free. IG is the safety-first option when guaranteed stops matter more than cost.

Whichever you choose, start during London session hours, keep your risk under 1% per trade, and never scalp through major data releases without guaranteed stops. The broker is the tool — the discipline is what makes it work.

Trading CFDs and spread bets carries a high level of risk. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

FAQs

Is scalping legal in the UK?

Yes, and all four brokers on this page explicitly allow it. Some brokers elsewhere impose minimum hold times or trade frequency limits — always check terms before opening an account. The FCA does not prohibit scalping as a strategy.

Do I need a raw spread account for scalping?

It depends on volume. A raw spread account like Pepperstone's Razor gives you the tightest possible entry and exit prices with a flat commission on top. For scalpers placing 30+ trades per day, the cumulative saving is significant. For less active scalpers — say, 5–15 trades per session — Capital.com's commission-free spread model works out comparable or cheaper because there's no per-lot fee eating into smaller positions.

Is spread betting or CFD trading better for scalping?

I covered the tax maths in the criteria section above — the short answer is that spread betting's CGT exemption usually outweighs slightly wider spreads for profitable scalpers. The other factor is product mechanics: spread betting uses points-based sizing (e.g., £1 per point), while CFDs use lot-based sizing. Some scalpers find point-based sizing more intuitive for quick position management. Both product types are available at Spreadex, IG, and Capital.com. For the full comparison, see my guide on whether spread betting or CFDs suit your strategy.

What execution speed do I need?

Under 50ms is the realistic minimum for forex scalping during liquid sessions. Both Capital.com and Pepperstone publish figures comfortably within this range — check the comparison table above. Above 100ms, slippage becomes frequent enough to erode your edge. If your broker doesn't publish execution speed data, that's itself a red flag for scalpers.

How much money do I need to start scalping?

You can open an account with $20 at Capital.com or £0 at Pepperstone. Practically, I'd suggest at least £1,000–£2,000 to size positions properly while keeping risk under 1% per trade. Undercapitalised scalping forces you into either oversized positions or targets too small to cover the spread — neither is sustainable.

What's the best timeframe for scalping?

Most scalpers work on M1 (one-minute) charts for entries with M5 or M15 for trend context. Tick charts are popular among forex scalpers using cTrader. Match your timeframe to your hold period — if you're targeting 3–5 pip moves, M1 entries with M5 confirmation is a solid starting framework.

References