DislikedI am really tired of these brokers and their games. Sick and tired to say the least.
I am very good scalping this market. I did 25 trades on monday, only losing two of them.
I NEED A DECENT BROKER.Ignored
As a high frequency scalper you should forget about market makers. Find a true ECN with direct market access, and high liquidity (which is a function of how many and how big their liquidity providers are).
Also forget about MT4, it's a toy for children. I don't know of anyone in the institutional realm using MT4, that should tell you something. The serious scalpers I know use stuff like Currenex (through brökers like LCG), or API connections. If you don't have the capital for that then find any other true ECN that you can afford.
Edit: Regarding LCG, you can demo their Currenex platform, or ask them for a live Currenex account with $0 (which is better since live is different from demo). Spreads on EURUSD are 0.3-0.4 pips most of the time, you'll even see 0.1 often. Commissions are very low, even better than IB's. You'll need 20k minimum to start though (as for IB you'll need 10k minimum, but they're good too especially in terms of liquidity and spreads/commissions).
With such access you will forget about news-time issues. Slippage for market orders should be less common and when it happens it shouldn't be over 1 pip.
Currenex:
http://www.londoncapitalgroup.com/im...ex_img_big.gif
Other technologies such as FXAll are also available:
http://www.fxall.com/Image%20Library...ok/EURUSD2.jpg