Compare Day Trading Accounts and Brokers

Learn what day trading is and where you can sign up for the best broker accounts. Compare all the top brokers that cater to day traders and learn which financial products are most profitable.

Day Trading Brokers List

Filter Brokers
Found 94 Brokers
Pepperstone offers spread betting and CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
Demo Account
Yes
Regulated By
FCA, ASIC, DFSA, CMA, BaFin
MT4 Integration
Yes
Min. Deposit
$500 recommended
Min. Trade
0.01 Lots
Crypto
Yes
Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.
Demo Account
Yes
Regulated By
CBoI, ASIC, FSB, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$.01
Crypto
No
CMC Markets is headquartered in London and listed on the LSE (FCA Regulated). It offers competitive spreads on a global range of assets via its Next Generation platform.
Demo Account
Yes
Regulated By
FCA, MAS, ASIC, IIROC
MT4 Integration
Yes
Min. Deposit
£0
Min. Trade
0.01 Lots
Crypto
No
FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments on their trading platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, IFSC, KNF, DFSA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 Lots
Crypto
No
Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Demo Account
Yes
Regulated By
ASIC, FCA, CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
£/€/$100
Min. Trade
0.01 lots
Crypto
No
An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
Demo Account
Yes
Regulated By
FCA, MAS, CySec, ASIC, FSA
MT4 Integration
No
Min. Deposit
$100
Min. Trade
Varies by asset
Crypto
Yes
XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Demo Account
Yes
Regulated By
IFSC, DFSA, CySEC, ASIC
MT4 Integration
Yes
Min. Deposit
5 $/€/£
Min. Trade
0.01 Micro lots
Crypto
No
Trade Forex on 0.0 pip spreads with the world's leading True Raw forex broker - IC Markets.
Demo Account
Yes
Regulated By
ASIC, CySec, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
Demo Account
Yes
Regulated By
ASIC, FCA, MAS
MT4 Integration
Yes
Min. Deposit
£/$100 (varies by location)
Min. Trade
0.01 Lots
Crypto
No
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
Demo Account
Yes
Regulated By
FCA, ASIC, DFSA, FMA
MT4 Integration
Yes
Min. Deposit
0 $/€/£
Min. Trade
0.01 Lots
Crypto
Yes
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Demo Account
Yes
Regulated By
CySEC, IIROC, NFA, CFTC, FCA, FSA, and CIMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
No
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Demo Account
Yes
Regulated By
CySEC, FCA, VFSC, NBRB
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.
Demo Account
Yes
Regulated By
CySec, FSA
MT4 Integration
Yes
Min. Deposit
100 £/€/$ or 1000 NOK, SEK
Min. Trade
0.01 Lots or 1 Share
Crypto
Yes
Quotex offers a proprietary web platform that offers digital options and copy trading.
Demo Account
Yes
Regulated By
IFMRRC
MT4 Integration
No
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
Capital.com offer CFDs and Forex CFDs on a huge range of assets, with competitive spreads and zero commission on unique platforms, including the fully functional mobile app.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSA
MT4 Integration
Yes
Min. Deposit
£/$/€20 (Varies by payment method)
Min. Trade
Varies by asset
Crypto
No
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads plus online CFD trading.
Demo Account
Yes
Regulated By
FSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 Lots
Crypto
Yes
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Demo Account
Yes
Regulated By
CySec, ASIC, BVI
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
Varies by asset
Crypto
Yes
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
0.001 BTC
Min. Trade
0.01 contract
Crypto
Yes
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
Demo Account
Yes
Regulated By
IFMRRC
MT4 Integration
No
Min. Deposit
$50
Min. Trade
$1
Crypto
Yes
NordFX offer forex trading with specific accounts for each type of investor. Spreads start from 0.0 pips while minimum deposits start at $10.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
BitMEX offer the largest market liquidity of any cryptocurrency exchange. The platform also offers ultra low trading costs and minimum deposit requirements.
Demo Account
Yes
Regulated By
Licensed in the Republic of Seychelles, company number 148707
MT4 Integration
No
Min. Deposit
0.001 BTC
Min. Trade
Varies upon the crypto traded and amount of leverage
Crypto
Yes
NinjaTrader offer investors futures and forex trading. Use auto-trade algorithmic strategies and configure your own platform while trading with the lowest costs.
Demo Account
Yes
Regulated By
NFA, CFTC
MT4 Integration
No
Min. Deposit
$50
Min. Trade
Varies by asset
Crypto
Yes
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers tight spreads and no minimum deposit.
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, SCB
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.1 lots
Crypto
No
FXCM are an FCA regulated, London based broker. Companies under the FXCM umbrella are also regulated in Australia and South Africa.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC.
MT4 Integration
Yes
Min. Deposit
£300
Min. Trade
Varies by asset
Crypto
No
Finq.com offer a great all round service with trading on 2100+ assets and immediate bonus offers. Up to $4000 in Deposit Bonuses.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Spreadex offer spread betting on financials with low fees. The company is a popular and award winning UK regulated broker.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
£0
Min. Trade
£0.01
Crypto
Yes
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
Demo Account
Yes
Regulated By
CySec, ESMA, FCA and FSC of the Republic of Mauritius
MT4 Integration
Yes
Min. Deposit
From $50
Min. Trade
0.01 lots
Crypto
No
GO Markets is an ASIC-regulated FX & CFD broker.
Demo Account
Yes
Regulated By
ASIC, CySEC, FSC of Mauritius
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
ThinkMarkets is a multi-regulated forex and CFD broker
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSCA, FSC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
Demo Account
Yes
Regulated By
FCA, MAS
MT4 Integration
Yes
Min. Deposit
£250
Min. Trade
£1
Crypto
No
IronFX offers online trading in forex, stocks, futures and commodities
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Demo Account
Yes
Regulated By
CySec, DFSA, FCA, SCB, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 Lots
Crypto
Yes
Trading in the Uphold environment offers a one-stop-shop for all your crypto requirements.
Demo Account
Yes
Regulated By
FCA, FinCEN
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
Yes
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Demo Account
Yes
Regulated By
FINMA, FCMC, JFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
Demo Account
Yes
Regulated By
FSRA, FCA, FSC, CMA
MT4 Integration
Yes
Min. Deposit
Trader Pro: $10,000 Trader: $100 
World:$20
Min. Trade
0.01 lots
Crypto
No
RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost.
Demo Account
Yes
Regulated By
ASIC, FMA, VFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Anzo Capital is a competitive global forex and CFD broker with ECN and STP accounts, both offering MT4 access and a wide range of assets.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Kucoin is a global crypto exchange offering spot and margin trading alongside lending services and trading bots.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.0001
Crypto
Yes
Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and educational services.
Demo Account
Yes
Regulated By
FSP, FMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms.
Demo Account
Yes
Regulated By
Cyprus Securities and Exchange Commission (CySEC) and Seychelles Financial Services Authority (SFSA)
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Nexo is a crypto platform with a range of blockchain-based solutions, including trading, lending, borrowing, and payment cards.
Demo Account
Yes
Regulated By
ASIC, FCEN
MT4 Integration
No
Min. Deposit
$10
Min. Trade
$30
Crypto
Yes
Pionex is a cryptocurrency exchange with impressive automated trading tools and bots.
Demo Account
No
Regulated By
FinCEN
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.1 USDT
Crypto
Yes
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
Demo Account
Yes
Regulated By
FSA, BSSLA
MT4 Integration
Yes
Min. Deposit
$25
Min. Trade
0.01 lot
Crypto
Yes
Bybit is an established crypto exchange aimed at active online traders.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.001
Crypto
Yes
RoboMarkets is an award-winning broker offering flexible margin trading.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$/£/€100
Min. Trade
0.01 lots
Crypto
No
OKX is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
Demo Account
Yes
Regulated By
VARA
MT4 Integration
No
Min. Deposit
10 USDT
Min. Trade
Variable
Crypto
Yes
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Bitfinex is among the best crypto exchanges for experienced investors with a free mobile trading application and low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10,000
Min. Trade
$10 - $25
Crypto
Yes
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.00001 BTC
Crypto
Yes
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
From 0.005 BTC
Min. Trade
10 USD
Crypto
Yes
Kraken is a top-rated cryptocurrency trading exchange offering the largest tokens and altcoins by market cap.
Demo Account
Yes
Regulated By
FCA, FinCEN, FINTRAC, AUSTRAC, FSA
MT4 Integration
No
Min. Deposit
$10
Min. Trade
Varies upon the crypto traded
Crypto
Yes
Global Prime is a multi-regulated trading broker offering 100+ markets.
Demo Account
Yes
Regulated By
ASIC, VFSC, FSA
MT4 Integration
Yes
Min. Deposit
AUD $200
Min. Trade
0.01 lots
Crypto
Yes
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms. Over 93.60% of orders are executed at the requested price.
Demo Account
Yes
Regulated By
FCA, SCB
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FMA, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
StormGain provides an online crypto trading platform, cloud mining tool, plus digital currency wallets and daily signals.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$50
Min. Trade
$10
Crypto
Yes
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Crypto
Yes
Swissquote is an FCA-regulated FX & CFD broker offering 160+ trading products.
Demo Account
Yes
Regulated By
FCA, FINMA, DFSA, SFC
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
No
SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Speculate on traditional and emerging financial markets via MT4, MT5 and cTrader. FXPrimus is multi-regulated and offers leverage up to 1:1000 alongside monthly promotions.
Demo Account
Yes
Regulated By
CYSEC, MIFID, ICF, FCA, BaFin, VFSC
MT4 Integration
Yes
Min. Deposit
$15
Min. Trade
0.01 lots
Crypto
Yes
EZ Invest is a CySEC-licensed broker offering trading on the financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Demo Account
Yes
Regulated By
FCA, ASIC, CySEC, NBRB, IIROC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FP Markets is a multi-asset broker offering a choice of trading platforms.
Demo Account
Yes
Regulated By
ASIC, CySEC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, JSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Spectre.ai is a blockchain-based binary options broker
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
Yes
Access global exchanges anytime, anywhere, and on any device. DEGIRO offer stock trading with low fees and a large range of markets. DEGIRO are not CFD brokers and do not offer CFDs
Demo Account
No
Regulated By
FCA, BaFin
MT4 Integration
No
Min. Deposit
0 $/€/£
Min. Trade
Varies by asset
Crypto
No
Trade on the financial markets with low cost, leveraged products at HYCM.
Demo Account
Yes
Regulated By
FCA, DFSA, CIMA, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
FCA, ASIC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£1
Min. Trade
0.01 lots
Crypto
No
Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing flexibility to suit any trader.
Demo Account
Yes
Regulated By
FCA, ASIC, FSC, FMA, FSA, CGSE, VSFC, JSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
LiteForex Europe is an FX and CFD broker offering sophisticated trading tools.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 95% per trade.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
Demo Account
Yes
Regulated By
DFSA, MAS, FCA, SFC
MT4 Integration
No
Min. Deposit
£500
Min. Trade
Vary by asset
Crypto
No
Fondex is an award-winning forex and CFD broker with industry low trading costs.
Demo Account
Yes
Regulated By
FSA, CySEC
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
ZacksTrade: Built for the active trader. Stock & ETF trades from $3, 75¢ options contracts and 3.56% margin rate (lower on occasion)
Demo Account
No
Regulated By
SEC
MT4 Integration
No
Min. Deposit
$2500
Min. Trade
From $3
Crypto
No
Coinmama is a popular cryptocurrency trading exchange, aimed at beginners and high-net worth investors.
Demo Account
No
Regulated By
FinCEN, FINTRAC
MT4 Integration
No
Min. Deposit
$30
Min. Trade
$30 to buy, $100 to sell
Crypto
Yes
Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:100 leverage is also available.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$.10
Crypto
Yes
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Demo Account
Yes
Regulated By
SEC, FCA, IIROC, SFC
MT4 Integration
No
Min. Deposit
$10000
Min. Trade
$100
Crypto
Yes
Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.
Demo Account
No
Regulated By
CBoI
MT4 Integration
No
Min. Deposit
0 $/€/£
Min. Trade
0.0001 XBT
Crypto
Yes
Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
€/£/$1
Min. Trade
0.01 Lots
Crypto
Yes
TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips. With a focus on innovation and transparency, they are a growing brand.
Demo Account
Yes
Regulated By
SVG FSA, NFA, CAMA Nigeria
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
No
Min. Deposit
$200 ($50 in US, $10 in UK)
Min. Trade
$1
Crypto
Yes
Just2Trade offer high tech trading on stocks and options with some of the lowest prices in the industry.
Demo Account
Yes
Regulated By
CySEC, NFA, FINRA, Bank of Russia
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01
Crypto
Yes
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Demo Account
Yes
Regulated By
HCMC
MT4 Integration
Yes
Min. Deposit
Broker choice dependent but balance on ZuluTrade should exceed $100
Min. Trade
$1
Crypto
Yes
Alpari offer forex, CFD and binary options trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
Demo Account
Yes
Regulated By
FSC of Maritius, SEBI, JFSA
MT4 Integration
Yes
Min. Deposit
From $/£/€ 5
Min. Trade
0.01 Lots
Crypto
Yes
InstaForex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100 to €50000 (Account choice dependent)
Min. Trade
0.01 Lots
Crypto
No
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
Demo Account
Yes
Regulated By
Commission for Capital Markets
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes

What is Day Trading?

Day trading is the potentially lucrative trading method of buying and selling a security within the same trading day. It is based on the speculation of a financial instrument going up or down in price. Day trading can be achieved in any marketplace, but in the UK is most commonly practiced with the trading of Foreign Exchange (Forex), Stocks, Options and Futures Contracts.

Generally speaking, day traders are well educated and highly invested in the investment practice of day trading. They watch and analyze the markets, keep up with the latest market moving news, and utilize high amounts of leverage (gearing) along with their carefully chosen strategies to benefit from small price movements in equities and the financial marketplace.

Now that we know what day trading is, who are the day traders? Well, day trading was once an exclusive practice, reserved for people working in financial firms while considering themselves “professional speculators”, or even classing it a lucrative hobby.

However, nowadays just about anyone can become a day trader.

The rise of electronic trading and margin trading software has become available to individuals from around the world. So, if this trading method is available for everyone, how does a beginner get involved?

How to Start Day Trading

Pick a Market

First step for a day trader is to decide which markets you will be trading in, with the most popular being Stocks / Shares (Apple, Facebook, Google etc), Indices (FTSE, DAX, S&P), Forex, and Futures. Commodities such as gold, oil or things like grain prices can also be traded.

Forex markets are quite popular among beginners due to the low initial minimum deposit accounts of around £250. Binary options deposits can be even lower (from just £10), but are traded without margin.

Futures require more and stocks require the most money to be invested in for day trading. The best advice we can give is to choose just one asset class to begin with. All of them can be highly profitable, but it is best to focus on just one when starting out.

Equipment & Software

Once you know your market, as an individual day trader, you need the proper equipment and software to commence day trading. As a novice day trader, you will need a fast and reliable computer, it doesn’t have to be top of the line, but not the cheapest one either. In addition, day traders require a fast internet connection. You want to be sure your tables and charts are updating as quickly as possible.

Along with all this, you need a trading platform and a broker to commence trading. As a trader starting out, you will want something easy to use and not too complicated. We recommend traders try out the demo accounts associated with most day trading platforms to get a feel of which software platform performs best. As for brokers to go with, make sure they are reputable and regulated, along with low fees, tight spreads and maybe even bonuses.

Learning via virtual accounts is superior to books or courses. Hands on experience introduces trading psychology (though this is increased hugely with a real money account). The same learning curve is difficult to achieve just by flicking through “Day Trading For Dummies” or hastily written pdf.

Market Hours

Another important aspect to consider before you actually start trading is the time of day and how many hours a day you will be trading. As a day trader it’s important to trade the same hours each day to successfully implement and manage your strategy. The best trading hours are usually around the market opening and closing times.

Forex in particular presents interesting opportunities in terms of trading hours. Currencies are traded around the clock with no central market. This means multiple volume peaks and troughs as new regions wake up or shut down. London markets could be closed – but the GBP/USD pair might still be driven by traders in Indonesia, New Zealand or Hong Kong.

These time zones cycles apply equally to cryptocurrencies. Day trading on Bitcoin or Bitcoin cash will continue around the globe. Lesser known digital currency like Ethereum, Ripple or DASH are also traded 24/7. Cryptocurrency has added a whole new dimension for day traders.

Risk Management

Risk for this type of trading needs to be managed in two ways, trade risk and daily risk. Trade risk is how much you are willing to lose on each trade. An ideal standard is to risk 1% or less of your tradeable capital on each trade.

A trader will manage this by choosing an entry point and setting a stop loss. The stop loss will remove you from the trade if you reach a certain level of loss for that trade. Daily risk is like trade risk in the simple fact that they both limit the total loss amount; only daily risk limits the total losses for a single day. In doing this, bad days are restrained from being too bad and can be recovered by a typical winning day.

Taxes

There is no clear tax applicable for day trading. It will depend on the trading vehicle used, and also how you class the income. For example, if you trade forex at home, for a living, then the tax rules in the Uk suggest you should pay income tax. If however, you trade binary options from home – but class it as a hobby – then no tax will be applicable.

So day traders need to decide how they class any profits. For example, whether they earn a salary and do it “full time”, or not. Rules for forex, cfds and binaries will also differ. If in any doubt, professional guidance should be sought.

Day Trading Strategy

Day trading can be very complicated and it’s easy to get wrapped up with all the trending strategies and complicated chart analysis. One thing to remember is that you don’t need to know it all. All you need is one strategy to focus on, and implement it over and over again. Try out a strategy on a demo account first to see how it pans out.

Top 3 Day Trading Tips

  • Stay Informed, Always look for Opportunity!
    Keep track of the latest stock market news and trends in the economy. Do your due diligence and research companies and the markets they serve. If supply is low and there are still enthusiastic buyers, the price may soar. If there is too much supply and dwindling buyers, the price is about to drop. When staying informed and knowledgeable about certain companies and their performance, massive opportunities will arise, resulting in profitable day trading.
  • Be a Disciplined and Consistent Day Trader.
    Set reasonable take profit and stop loss limits to minimize your losses and maximize realistic wins. Most successful day traders risk 1-2% of their trading capital per trade. Follow this rule consistently, as if there were no other way. As well, trading at consistent times of the day will maximize your understanding of the markets and provide a routine and calculated trading method which can be determinantal to success.
  • Be Realistic and Stay Patient
    When you find a proven trading strategy stick with it. It doesn’t have to win all the time, in fact, most strategies only win 50-60% of the time, so the key is to stick with it and stay informed with market news and the companies you’re trading. As well, sticking with a strategy requires patience. There will be times when the markets take you for an emotional rollercoaster. It’s important to make your decisions based on logic and not emotions, as well as sticking with your plan.

A Winning Strategy

One of the most used and well-known day trading strategies is the “Momentum Trading Strategy”. This strategy relies on market volatility. It can be used alongside other technical indicators and tools that you find on our trading platform as it relies on spotting trends.

In short it’s where a trader analyzes the markets and looks for the best performing assets over a certain period of time. It involves buying these and conversely selling the worse performing assets. Being well informed and knowledgeable of current market moving news is instrumental to the success of this strategy.

News such as a company’s earnings, a new deal or product launch, or some other kind of breaking news relating to the company can force the price to surge. There are many aspects involved with this strategy, and before implementing it in to your routine, learn all about it to become fully aware of its intricacies. Even practice on a demo account first to acquaint yourself without risking your capital.

Conclusion

So, there you have it, all you really need in day trading is consistency with trading hours and times, a set risk level that you unswervingly follow, and a strategy that works most of the time. It’s important to not over complicate these things and stick to a consistent plan with all aspects of day trading, which rules out the emotional factors that can inhibit your trading.

References and Further Reading