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7 Best High-Frequency Trading Forex Brokers for 2024

Searching for the top forex broker for high-frequency trading? Based on our hands-on analysis, we’ve identified the 7 best options tailored to various trading needs. Practical tips from our experts are included.

Plamen Stoyanov
Reviewed By:
Ola Alder
Updated: Mar 3, 2024

List of Top HFT Forex Brokers and Platforms

Best brokers for US traders

MT4, ProRealTime algorithmic trading platforms. Fast execution speed under 14 milliseconds. Volume-based trading rebates. 82+ forex pairs with zero commission.

Best brokers for international traders

Execution under 50 milliseconds. Favorable pricing mechanism. MT4, MT5, cTrader, iRESS, Mottai platforms. Multiple tools. Over 800 CFD instruments.

Two platforms for social and copy trading. Competitive fees. Good range of trading platforms and tools.

Tight licensing. iRESS platform for stock trading. Access to deep liquidity. Fast order execution.

Ultra-fast order execution under 9 milliseconds. Highly versatile platform. FIX APIs. Multiple supporting tools. Listed on the Swiss stock exchange.

Very low spreads and commissions. Ultra-fast order execution under 14 milliseconds. Low-latency cTrader platform. Wide range of tradable instruments. Free VPS hosting.

DMA Execution. Sophisticated platforms. Advanced algo trading strategies. Very fast order execution. Below-average trading fees.

How Did FX Empire Select the Best High-Frequency Trading Forex Brokers?

FXEmpire's Methodology

  • Regulation. We only considered tightly regulated brokers that adhere to the industry’s main safety standards.
  • Speed of execution. We looked for brokers that can guarantee average execution speeds under 50 milliseconds.
  • Suitable platforms. Our picks for each category offer versatile platforms that accommodate rapid order execution and high-frequency trading.
  • Available trading strategies. We only considered brokers that allow high-frequency trading strategies, such as scalping, and permit automated trading.
  • Suitable accounts. We only selected brokers with account types that accommodate HFT by assessing their execution models.
  • Low costs. We evaluated the spreads, swaps, and commissions of each broker and selected those with competitive pricing.
  • Range of markets. We only considered brokers that offer a range of instruments from major asset classes, such as FX pairs, commodities, CFD shares, and indices.

Our team of experts has identified brokers’ strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s dive into the selected brokers.

Best Overall

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
  • Tradable Instruments
  • Fees

FP Markets was founded in 2005 and is headquartered in Australia. It has a couple of top-tier licenses, such as CySEC and ASIC, and maintains excellent execution standards, which I consider essential for high-frequency trading. With an average execution speed of under 50 milliseconds and a guaranteed ‘best execution policy,’ clients of FP Markets can rely on fast order execution.

High-Frequency Trading Features:

  • Best Suited Entity for HFT: First Prudential Markets Pty Ltd (ASIC, 1:30)
  • Trading Platforms: MetaTrader 4, MetaTrader 5, iRESS, Mottai
  • Supporting Tools: VPS, Autochartist, MT4 Advanced Trade Assistance Apps
  • Average Execution Speed: Under 50 milliseconds
  • Accounts for HFT: Raw Account

I opened a Raw account, which is more suitable for high-frequency trading in terms of fees. It offers raw spreads starting from 0.0 pips and a $6 round-turn commission per traded lot (100,000 units). I executed a full-sized EURUSD trade with a $10 value of trade (0.4 pips spread x $10 pip value + $6 commission), which I assessed to be below the industry average.

In addition to MetaTrader 4&5, cTrader, and iRESS, FP Markets incorporates the Mottai platform, which is what makes the broker such a great choice for high-frequency trading. The standout advantage of using a DMA Execution Model is its ability to facilitate low-latency trading, resulting in rapid order execution. Traders can also use Mottai for advanced entries via its OCO (One-Cancels-the-Other) orders.

Mottai’s parked orders, which allow an order ticket to be filled in advance ahead of a trading opportunity and wait for it to develop, are another standout feature, which I found ideal for precision trading.

  • Top-tier licensing
  • Well-balanced offering
  • Competitive fees
  • Fast order execution
  • No proprietary platform

Best Low Spreads

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
  • Min Deposit
  • Tradable Instruments
  • Fees

IC Markets was founded in 2007 and holds a couple of top-tier licenses, including CySEC and ASIC. The broker offers a broad range of tradable instruments from different markets, including FX pairs, commodities, CFD shares, indices, and more.

High-Frequency Trading Features:

  • Best Suited Entity for HFT: IC Markets (EU) Ltd (CySEC, 1:30)
  • Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader
  • Supporting Tools: VPS
  • Average Execution Speed: Under 66 milliseconds
  • Accounts for HFT: Raw Account on cTrader

I tested IC Markets’ Raw cTrader account, which I consider ideal for high-frequency trading because of its competitive pricing and sophisticated platform. I evaluated the account type’s offering by executing a full-sized EUR/USD position (100,000 units).

I measured a 0.2 pips spread combined with a $6 round-turn commission and thus calculated a $8 value of trade (0.2 pips x $10 pip value +$6 commission), which is below the $10 industry average.

cTrader itself is feature-rich and has an intuitive layout. This platform, in my opinion, is the best suited for high-frequency trading because it was specifically designed for low-latency order execution. It means you can execute multiple orders within a relatively narrow time span with high precision. I also like that it gives me greater flexibility to scale price action up and down and thereby better understand price action behavior.

  • Low spreads and commissions
  • Free VPS
  • cTrader for high-frequency trading
  • Ultra-fast execution
  • No proprietary platform

Best for Stock Trading

80.26% of retails CFD accounts lose money.
  • Min Deposit
  • Tradable Instruments
  • Fees

TMGM is a Sydney-based derivatives broker that was established in 2013. It incorporates the iRESS platform offering access to over 10,000 share CFDs from major exchanges globally. Because of this variety, we selected TMGM as the best broker for high-frequency stock trading.

High-Frequency Trading Features:

  • Best Suited Entity for HFT: Trademax Australia Limited (ASIC, 1:30)
  • Trading Platforms: iRESS
  • Supporting Tools: TradingCentral
  • Average Execution Speed: Not specified
  • Accounts for HFT: Edge Account

Together with its wide offering of tradable instruments, the iRESS platform also affords stock traders advanced charting tools, real-time price feed, and access to deep market liquidity. All of this allows for fast order execution, which I consider essential for precise high-frequency trading. Also, I found that TMGM has no minimum distance requirements for stop-loss orders, meaning you can exercise tight risk management.

In addition, TMGM also incorporates TradingCentral, one of the industry’s best signal providers. The broker’s clients can use it to inform themselves about currently developing trading opportunities on instruments from various markets, including the stock market.

I opened a Raw Spreads account with TMGM, which has an ECN (Electronic Communications Network) execution model. The account type features raw spreads starting from 0.0 pips and a $7 round-turn commission per traded lot (100,000 units). I assessed that TMGM’s trading fees meet the industry average.

  • Well-regulated
  • Incorporates the iRESS platform
  • Competitive fees
  • Diverse accounts
  • Limited educational content

Best Trading Platform

Trading involves risks. Products and services of Swissquote are only intended for those permitted to receive them under local law.
  • Min Deposit
  • Tradable Instruments
  • Fees

Investment bank Swissquote holds an impressive 7 licenses from top-tier regulators, such as FINMA, FCA, and CySEC. Additionally, the bank, which was founded in 1996, is listed on the Swiss stock exchange which underscores its reliability as only the most dependable brokers are publicly traded.

High-Frequency Trading Features:

  • Best Suited Entity for HFT: Swissquote Bank Ltd, Swissquote Ltd (FINMA, 1:100), Swissquote Bank Europe Ltd (CSSF, 1:30), Swissquote Capital Markets Ltd (CySEC, 1:30)
  • Trading Platforms: Advanced Trader
  • Supporting Tools: Autochartist, TradingCentral, FIX API
  • Average Execution Speed: 9 milliseconds
  • Accounts for HFT: Premium, Prime and Elite

I opened a Forex & CFDs account with Swissquote offering over 450 trading and investing products and was impressed by the overall transparency of the website. But the most exceptional feature for me was Swissquote’s professional-grade platform – Advanced Trader. It has an intuitive design, highly detailed charts, and advanced order types, such as OCO and IF-DONE orders. It also incorporates over 50 analytical tools.

In my estimation, what makes Advanced Trader the best choice for high-frequency trading is a combination of an impressive 9 milliseconds execution speed, some of the best third-party tools (Autochartist and Trading Central), and FIX API solutions for advanced algo-trading.

I also assessed in detail its fees and found them generally above average. That’s given its commission-free trading and floating spreads starting from 1.8 pips.

  • Sophisticated in-house platform
  • High level of safety
  • Extremely fast execution speed
  • Multilayered offering
  • High spreads
  • High minimum deposit requirement

Best for Algorithmic Trading

71% 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
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 1974, IG has operated for nearly half a century and has become one of the most recognizable and trusted names in the financial industry. The company is headquartered in London and is listed on the London Stock Exchange (LSE), attesting to its stability and security. The broker offers over 17,000 instruments across FX pairs, commodities, indices, share CFDs, ETFs, cryptocurrencies, and more.

What makes it perfect for high-frequency algo trading is its API offering coupled with DMA (Direct Market Access) execution, which is especially suitable for scalping. Additionally, I clocked IG’s average execution speed at 14 milliseconds, below the industry average.

High-Frequency Trading Features:

  • Best Suited Entity for HFT: IG Index Ltd and IG Markets Ltd (FCA, 1:30)
  • Trading Platforms: IG’s proprietary platform, ProRealTime, L2 Dealer
  • Supporting Tools: APIs
  • Average Execution Speed: 14 milliseconds
  • Accounts for HFT: CFD Trading Account

I assessed the CFD Trading account, which supports commission-free trading (except for share CFDs) and floating spreads from 0.6 pips. I found IG’s prices to be below the industry average.

IG also offers a choice of versatile platforms, all of which are suitable for high-frequency algo trading. I tested all three and found the L2 Dealer DMA platform most suitable for scalping share CFDs and FX pairs.

The platform offers a wide choice of volume metrics, which can be used to assess the underlying market liquidity. This allows you to time your entries and execute precise entries and exits in and out of the market. L2 Dealer DMA also has a wide offering of order types and analytical tools.

  • Well-established brand name
  • Very secure
  • Offers spread betting
  • Choice of versatile platforms
  • Advanced algorithmic strategies
  • No VPS hosting

Best for Algorithmic Trading in the US

Forex trading involves risk. Losses can exceed deposits.
  • Min Deposit
  • Tradable Instruments
  • Fees

Founded in 1974, IG has been a heavyweight in the retail trading industry for decades. Listed on the London Stock Exchange, the IG Group launched its U.S. service in 2019. More than 82 forex pairs are available to trade on with zero commission and competitive spreads.

In our live fee test, I found the spread for EUR/USD averaged 0.8 pips, beating the industry average of 1.0 pips. IG US is an excellent option for high-frequency trading as it also offers volume-based rebates – the more you trade, the higher your rebates. For example, a notional monthly trading volume between $50 million and $100 million provides a 5% rebate, meaning you save $5 per million traded.

High-Frequency Trading Features:

  • Best Suited Entities for HFT: IG US LLC, 1330 W Fulton, Chicago
  • Trading Platforms: IG Web Trader, MT4, ProRealTime
  • Supporting Tools: Autochartist, PIA-First
  • Average Execution Speed: 14 milliseconds
  • Accounts for HFT: Forex Trading Account

Algorithmic traders are spoilt for choice with MT4 and ProRealTime. MT4 has been the gold standard for forex algorithmic trading for decades. It does require programming knowledge, but the MetaTrader Marketplace offers free and paid-for indicators and automated trading strategies.

I have used ProRealTime with IG for many years as it offers its own ProBuilder coding language. This enables anyone without programming knowledge to create indicators, market screeners, and automated strategies using simple language. The ProRealTime Community is an extensive resource for finding scripts to use in ProRealTime or asking for help building your own.

Another excellent feature IG US offers is algorithmic trading signals from Autochartist. These are available directly from the IG Web Trader platform and offer real-time technical analysis chart patterns developing on the major currency pairs across different timeframes.

  • Advanced algorithmic trading platforms.
  • Volume-based rebates.
  • Algorithmic trading signals.
  • Zero commission trading.
  • No VPS offered.

How to Choose a Forex Broker For High-Frequency Trading?

How to find a safe broker?

To make sure you are dealing with a trustworthy partner, you need to make sure that the broker entity you choose is tightly regulated and complies with all industry safety requirements.

I have broken down the most important safety mechanisms to look for in a broker below:

  • Segregation of client funds. Brokers must keep their clients’ funds in separate bank accounts from the ones used for their corporate capital. This is crucial for mitigating the risk of accounting errors.
  • Negative balance protection. Negative balance protection means that a trader’s losses cannot exceed their account balance. This protection is indispensable when trading high-risk instruments, such as Contracts for Difference (CFDs).
  • Limited market exposure. Beginners are especially susceptible to the risk of adverse price fluctuations, which is why the maximum leverage for retail traders is recommended to be at 1:30. Anything beyond that can be too risky for inexperienced traders.
  • Compensation scheme. Depending on the jurisdiction where a broker is situated, a compensation scheme may also protect its clients against the company’s credit risk and liabilities. For instance, brokers regulated by the CySEC participate in the Investor Compensation Fund (ICF). In the unlikely event of the company becoming insolvent, traders can be compensated by up to 20,000 EUR. FSCS under FCA UK protects traders by up to 85,000 GBP.

Generally, offshore regulators offer higher leverage but weaker overall protections. In contrast, top-tier regulators seek to limit the maximum market exposure afforded to traders via leverage by capping it.

Read more about Best regulated forex brokers.

How to verify if a broker is regulated?

  • Check the Broker’s Website: Legitimate, regulated brokers typically display their license number and the name of their regulator on their website, often in the footer or “About Us” section.
  • Visit the Regulator’s Website: Every country’s financial regulator lists all the brokers they regulate on its website. Search for the broker’s name to see if they’re listed.
  • Contact the Regulator: If you can’t find the information you’re looking for, you can directly contact the regulator with the broker’s name and any other identifying information you have.
  • Check for Memberships: Regulated brokers often belong to compensation schemes or organizations that protect clients’ funds. Check if the broker mentions such memberships on their website.

How to check if a broker’s fees are competitive?

A broker may have several account types, each with different pricing mechanisms. The question is, how to know which one is best fitted for your particular style of trading? I will try to answer this question by providing an example with two distinct accounts, one STP and the other ECN:

The biggest difference between STP and ECN accounts, apart from the execution model, is the pricing mechanism. Usually, STP accounts afford commission-free trading and floating spreads, whereas ECN accounts have fixed commissions and raw spreads (typically starting from 0.1 pips). At first glance, the former sounds more favorable because you only have to pay one cost – the spread – rather than two.

Discover Best STP forex accounts and Best ECN forex accounts.

Many brokers recognize the psychological significance of this sort of thinking and seek to exploit it by raising the spreads on their STP accounts to the point where they are no longer the more competitive option. I will now demonstrate how to do a quick test for yourself to evaluate the competitiveness of a broker’s ECN and STP accounts.

Pick an instrument, say, the EURUSD. Suppose also that the spread on the pair is 0.9 pips on a broker’s STP account and 0.1 pips on its ECN account. There is also a $6 commission for trading 1 lot (100,000 units) contract. If the EURUSD pip value is $10, you can do a simple calculation to determine the value of a hypothetical position on the EURUSD executed on both account types. The formula is the value of a trade = spread x pip value + commission. When we pop in the above values, this is what we discover about our hypothetical broker:

Account Type Spread Commission Net Cost
STP 0.9 $0 $9
ECN 0.1 $6 $7

This is just a hypothetical example, but hopefully, it illustrates how more can be less in trading. So it’s worthwhile evaluating the costs of a broker you consider opening an account with for yourself before doing so. And if you are still uncertain, you can always check out our database of reviews to sort out the most competitive brokers.

Check out our list of Best lowest spread forex brokers.

Why does liquidity matter?

The deeper the liquidity pool that a broker has access to, the better the order execution conditions it can serve its clients. That is why high-frequency traders should always check the speed and quality of order execution. The easiest way to do that is to see whether the broker has a ‘best execution policy.’ It means that the company is committed to providing the best price quotes, given the underlying market conditions, when an order is placed.

Precision and speed of order execution are also likely to be enhanced when a broker provides Virtual Private Server (VPS) hosting. As a rule of thumb, look for brokers that can accommodate ultra-fast order execution speeds of no more than 50 milliseconds.

Check out our guide on Best forex brokers with VPS hosting.

You can confirm a broker’s performance by going to the Legal Documents section of its website and opening its latest execution statement/review. Keep in mind that not all brokers are mandated by their regulators to post such reviews yearly. However, the ones that do are more likely to afford you precise order execution and diminished risk of negative slippage.

How to choose a trading platform for HFT?

A trading platform is your window into the market. It allows you to observe price action behavior and study potential opportunities for placing orders. Technical traders use a platform’s array of indicators, drawing tools, and other features to examine various price patterns, changes in volatility, liquidity, and so on in order to gauge the most favorable times to enter or exit the market.

The best platforms are also the most versatile ones. They include a wide spectrum of technical indicators, such as Fibonacci retracement levels, oscillators, trend-based and range-based indicators, and others, as well as drawing tools, such as trend lines, channels, wedges, etc. They are also the ones that allow you to easily scale price action up and down.

Read more about best MT4 brokers and best MT5 brokers.

Here are some of the features to look for when applying HFT:

  • One-click trading minimizes the time taken to execute trades, allowing traders to respond almost instantaneously to fast-moving market conditions. It eliminates the multiple steps usually involved in placing an order. This reduction in friction and delay can be vital for profitability, as even minor delays can lead to missed opportunities or unfavorable prices in HFT.
  • Expert advisors (EAs) automate complex trading strategies, executing orders at incredible speeds based on predefined criteria and algorithms. In the fast-paced environment of HFT, where milliseconds can make the difference between profit and loss, EAs ensure that opportunities are seized instantaneously without human delay.
  • Low timeframes align with the very short-term nature of HFT strategies, allowing traders to analyze and capitalize on minute price movements. By utilizing low timeframes, often ranging from milliseconds to minutes, HFT traders can identify small, fleeting opportunities for profit that would be invisible or irrelevant on longer timeframes.
  • Block orders allow large transactions to be executed without causing substantial price shifts in the market. By breaking down large orders into smaller parts and executing them rapidly through HFT algorithms, traders can minimize the market impact and avoid substantial price slippage.

Check out our dedicated guide on Best forex trading platforms.

What to Avoid When Choosing a High-Frequency Trading Broker?

Here is a quick rundown of what high-frequency traders must avoid:

  • Unregulated brokers. Trading with an unregulated broker exposes you to a higher risk of fraud or unethical business practices, as they are not bound by any regulatory standards or rules. Additionally, in case of any disputes or if the broker goes bankrupt, there might be no legal recourse or compensation schemes available to recover your funds.
  • Lack of client protection. Avoid brokers that cannot ensure more than two of the following: segregated funds, negative balance protection, compensation scheme, and maximum leverage for retail traders no bigger than 1:100
  • Low execution quality. Try to avoid brokers that cannot ensure more than two of the following: best execution policy, regular quality execution statements, and average execution speed under 50 milliseconds.
  • High spreads and commissions. Sidestep brokers with floating spreads from 1.8 pips or above on STP accounts and with round-turn commissions above $7 on ECN accounts.


This strategy involves opening large trades to generate substantial returns from minor price shifts. Scalpers seek to profit from small price changes, executing multiple high-volume orders within a brief period, lasting seconds to minutes. They focus on technical analysis, trading on patterns and setups like breakouts, wedges, and triangles.

To scalp successfully, among other things, you need to:

  • Choose a sophisticated platform that supports low timeframes (ticks and seconds). Basic retail platforms like MetaTrader 4 do not afford such an in-depth insight into price action behavior and are thereby not very useful for carrying out complex technical analysis. Features like one-click trading are also useful.
  • Choose a broker with access to deep liquidity that can guarantee fast order execution. You should look for an average execution speed of under 50 milliseconds. This is essential for negating the risk of negative slippage and ensuring precise order execution.
  • Choose a competitive offering. Generally, ECN accounts are best suited for scalping because of their flexible pricing mechanism. They usually comprise raw spreads and a round-turn commission per traded lot (100,000 units). To evaluate the competitiveness of an ECN account’s fees, it’s a good idea to calculate the value of trade of a given instrument, such as the EURUSD. You can do that by using this formula: (spread x pip value + commission). For a full-sized EURUSD position, a value of trade above $15 is considered too costly for scalping.

Read more about Best forex brokers for scalping.

Algorithmic Trading

Since HFT requires quick decision-making in volatile environments, human errors will always pose great risks to the successful execution of trades. Whether it be ‘fat fingers’ trading much higher volumes than initially desired or entering the market prematurely due to anxiety. To mitigate these risks, many HF traders seek to automate their strategies. That way, they can enter and exit the market with huge precision each time a set of predetermined parameters is met.

Once you have backtested and developed a successful strategy for algo trading, you can improve its overall performance with trading APIs and Virtual Private Servers (VPS). Both are commonly used to ensure low-latency trading and decrease the risk of negative slippage.

Check out our picks of Best forex brokers with trading API.

What Are the Risks of High-Frequency Trading?

High-frequency trading is a complex and multifaceted field, laden with potential obstacles that can be challenging to pinpoint. Since various factors can lead to unexpected risks, often all at once, it’s vital to have a clear understanding of what might go wrong. That is why I have outlined the three major types of risk traders may face in the world of HFT:

  • Monetary. By its very nature, HFT could generate huge profits and just as easily incur equivalent losses, all within just a few seconds of opening a trade. That is why HFT is not suitable for traders with conservative account sizes and those who cannot afford to sustain any losses.
  • Psychological. HFT exemplifies a psychological condition usually referred to as ‘peaks and valleys.’ The elation you can feel from stacking huge profits in quick succession could turn to dread in the blink of an eye once you lose everything just as easily. This rollercoaster of emotions could strain your psyche, which is why only the most mentally prepared should consider high-frequency trading.
  • External. Trading can be disrupted by factors beyond control, such as an interrupted internet connection or system glitch, leading to significant losses. Such setbacks, especially when not your fault, can be both financially and emotionally devastating. Therefore, choosing a reliable broker with VPS hosting is crucial to minimize these risks.

How to Avoid Forex and CFD Scams?

Scammers rely on the gullibility of traders. A common tactic fraudsters employ is to promise quick and easy profits at no risk to the trader. Often scammers would use labels that closely resemble the brands of real and legitimate companies. That is why regulators like the FCA have registers where traders can read about such fraudulent companies pretending to be others.

The best and easiest way to protect yourself is to make sure you work with a trustworthy and transparent broker. You can find a comprehensive list of reliable brokers by jurisdiction here.

Another important consideration is online safety. Be cautious about where you leave your personal information. Registering your details on suspicious pop-ups that promise enormous profits could lead to your contact information landing on a scammer’s dialing list. Remember, no licensed broker would make unsolicited cold calls.

The next time you get contacted out of the blue with promises of becoming the next Warren Buffet, you must remember that you are most likely speaking to a scammer. In my opinion, nowhere is the “if something sounds too good to be true…” saying more accurate than in the world of trading. That is why you should do your due diligence before opening an account with any broker.

Our Methodology

At FX Empire, we’ve developed a unique approach to evaluating forex and CFD brokers globally, focusing on traders’ needs and goals. Our aim is to deliver a detailed analysis of each broker’s strengths and weaknesses, aiding our readers in making well-informed trading decisions.

Our dedicated team works tirelessly to keep our system current with market trends, evaluating brokers across nine key categories using over 250 variables. These include Trust, Fees, Account Types, Tradable Instruments, Platforms and Tools, Deposits and Withdrawals, Customer Support, Research, and Education.

We prioritize objectivity in our rigorous reviews, avoiding personal bias. This involves examining broker licenses, client agreements, and overall transparency. Our process includes opening live accounts with brokers to test their services firsthand, and comparing spreads, swaps, and commissions against industry averages.

We assess platform functionality, the variety and types of tradable instruments, customer support reliability, and the quality of research and educational content.

In this guide, we categorized our top picks based on different trading needs and experience levels. Our criteria for selection included tight regulation, fast execution speeds (under 50 milliseconds), and versatile platforms that support high-frequency and automated trading strategies.

We chose brokers with account types favorable for high-frequency trading (HFT), examining their execution models, spreads, swaps, commissions, and the diversity of tradable instruments.

Our editorial integrity is upheld by strict guidelines and objective review standards. For more details on our review process, you can read further here.

Meet Our Writers

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

High-frequency trading (HFT) is a technology-driven trading method that executes thousands of orders at extremely high speeds, often within fractions of a second. Utilizing powerful computers and algorithms, HFT seeks to make tiny profits on individual trades across large volumes.
HFT is generally permitted in most jurisdictions, though it depends on the instrument traded. For instance, Contracts for Difference (CFDs) are considered high risk in some jurisdictions where they could be forbidden. To be sure, check with your broker.
HFT employs a wide array of algorithms tailored to specific strategies and market conditions. Some common algorithms used include market-making algorithms, which provide liquidity by buying and selling a particular asset, and arbitrage algorithms, which exploit price discrepancies across different markets or related financial instruments. These algorithms must be meticulously designed and tested to ensure rapid execution and adaptability to the highly dynamic market environment.
Yes, retail traders can engage in high-frequency trading, but it's often challenging due to the need for sophisticated technology, specialized algorithms, and substantial capital. The practice is typically more accessible to larger financial institutions and professional trading firms.
Technically, yes. However, it is quite difficult to carry out sophisticated technical analysis on small-screen devices.
A platform that supports one-click trading, fast order execution under 50 milliseconds, and has at least several low timeframes.
Brokers implement sophisticated algorithms and real-time monitoring tools that can detect and respond to market anomalies and potential risks instantaneously. They employ stringent pre-trade and post-trade controls to limit exposure, such as setting maximum order sizes and daily loss limits. Additionally, brokers often utilize co-location services and redundant systems to minimize technological risks, ensuring uninterrupted and stable trading.
Regulatory compliance for HFT brokers varies by jurisdiction but often includes measures to prevent market manipulation, requirements for transparency in trading activities, and specific capital and technology controls to ensure stability and security. Licensing, regular audits, and adherence to best execution policies might also be mandated by regulatory bodies. The exact regulations can differ widely between regions, making it crucial for brokers to understand the specific legal environment in their area of operation.
A broker ensures low latency in order execution by utilizing advanced technology infrastructure such as low-latency trading platforms and co-locating servers close to major exchanges. This proximity allows for faster data transmission and minimizes the time it takes for an order to travel to the exchange.
HFT doesn't fit beginners due to its complex and rapid nature, requiring advanced knowledge of markets, algorithms, and technology. The capital requirements for sophisticated hardware and software, combined with the risk associated with extremely short-term trading strategies, make HFT more suitable for experienced traders and institutions rather than newcomers to the trading world.
The cost to start high-frequency trading (HFT) can be substantial, often ranging from several hundred thousand to several million dollars. This expense accounts for the sophisticated technology required, including high-speed data feeds, low-latency trading platforms, co-location services, and advanced algorithms, along with compliance, licensing, and ongoing operational costs. The exact amount can vary widely based on the scope and scale of the trading activities.

About the Author

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

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