1. Home
  2. Stock Trading For Beginners

New York Stock Exchange

New York Stock Exchange (NYSE) brokers offer investment opportunities on the world’s largest stock exchange by market capitalization. Located at the famous New York Stock Exchange building on Wall Street, huge technological advances have enabled the exchange to now trade exclusively electronically.

In this guide, we provide a NYSE brokerage comparison guide plus a list of the top brokers with access to the New York Stock Exchange in 2024. We also give a brief history of the New York Stock Exchange and explain how you can start trading on the NYSE.

Top New York Stock Exchange Brokers

These are the 5 best brokers for trading on the New York Stock Exchange:

  1. Deriv.com
  2. Pepperstone
  3. IC Markets
  4. Eightcap
  5. Exness

#1 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

Stock Exchanges

Deriv.com offers trading on 5 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Dow Jones
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange

Pros

  • The low $5 minimum initial deposit suits those on a lower budget
  • Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
  • Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters

Cons

  • There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
  • The range of 100+ assets trails some competitors such as Quotex which offers 400+
  • There's no loyalty program or rebate scheme for high volume traders
Visit Deriv.com

#2 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

Stock Exchanges

Pepperstone offers trading on 22 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Stock Exchange
  • Nasdaq
  • New York Stock Exchange
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange
  • Shanghai Stock Exchange
  • Shenzhen Stock Exchange
  • Taiwan Stock Exchange
  • Toronto Stock Exchange

Pros

  • Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.
  • Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
  • There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.

Cons

  • Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
  • Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
  • There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.
Visit Pepperstone

#3 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
  • Minimum Deposit: $200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)

Stock Exchanges

IC Markets offers trading on 12 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • IBEX 35
  • Nasdaq
  • New York Stock Exchange
  • Russell 2000
  • S&P 500

Pros

  • You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
  • IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
  • With ultra-fast execution speeds averaging 35 milliseconds and deep liquidity, IC Markets provides an optimal trading environment for scalpers, hedgers, and algorithmic traders.

Cons

  • Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
  • The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
  • Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
Visit IC Markets

#4 - Eightcap

Why We Chose Eightcap

"Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities
  • Regulator: ASIC, FCA, xCySEC, SCB
  • Platforms: MT4, MT5, TradingView
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots

Stock Exchanges

Eightcap offers trading on 16 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • New York Stock Exchange
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange
  • Toronto Stock Exchange

Pros

  • After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
  • Eightcap stands out with a selection of powerful trading tools, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
  • With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.

Cons

  • The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
  • Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
  • Despite a useful library of educational guides and e-books, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
Visit Eightcap

#5 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

Stock Exchanges

Exness offers trading on 9 stock exchanges:

  • CAC 40 Index France
  • DAX GER 40 Index
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • New York Stock Exchange

Pros

  • Highly competitive spreads are available from 0.1 pips and low commissions from $3.50 per side
  • Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
  • The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods

Cons

  • There are several regional restrictions for retail traders including the USA, Europe and the UK
  • Unlike most competitors, Exness doesn't provide its own education section
  • There are no promotional deals or loyalty schemes for high-volume day traders
Visit Exness

Comparing NYSE Brokers

Choosing a broker with access to the NYSE is one of the first steps you need to take. Key factors to compare in NYSE brokers include:

Fees

There are often commission fees and costs when investing in stocks, which can quickly eat into profits. This may be a flat cost per trade or a percentage of the value being traded. Pepperstone, for example, has a $3.50 per lot commission charge for share CFDs on their MT4/MT5 Razor account.

Compare NYSE brokers’ pricing schedules before opening a live account and reach out to the customer service team if you cannot find this information. The best NYSE brokers will also publish their non-investment charges, such as deposit and withdrawal costs, inactivity fees or currency conversion rates.

Mobile App

Does the broker offer a mobile application? NYSE brokers with a mobile app offer a stable environment to execute trades whilst on the go. You may need the full functionality and features of desktop terminals, but with zoom and scroll to ensure you can still analyze price data and projections via charts and graphs.

XTB, for example, has a proprietary mobile terminal named xStation with an intuitive design, plus access to live breaking news and posts directly from the firm’s market analysis teams.

Many third-party software providers also offer mobile app compatibility, including MetaTrader 5, which is available for free download to iOS and Android devices. Leading brokers with access to the New York Stock Exchange will list their available mobile apps before you open an account.

Demo Accounts

The top NYSE brokers will provide demo accounts with virtual funds and no time limit. Also check that the paper profile offers access to real-time price data on all instruments, including the New York Stock Exchange.

The best brokers with access to the NYSE will allow switching between live and demo profiles so you can finesse a strategy or confirm a trade plan before putting your money on the line. XM, for instance, enables users to demo trade the NYSE with live market pricing, and use a paper trading profile alongside a live account.

Deposit & Withdrawal Methods

Look out for NYSE brokers that work seamlessly with local deposit and withdrawal solutions. If you are a US resident, NYSE brokers that offer ACH transfers, debit cards or check payments may be the most appealing.

NSYE brokers with no payment fees, fast processing times and flexible limits should be top of your list. A low minimum deposit requirement may also be appealing, particularly if you are new to retail investing.

What Is The New York Stock Exchange?

Owned by Intercontinental Exchange, the New York Stock Exchange (abbr NYSE) is the world’s largest stock exchange by total trading volume and averages 253 trading days per year. As well as being home to the famous trading floor, prestigious events are also hosted in the NYSE building each year.

A Brief History

The Buttonwood Agreement is thought to be the beginning of the New York Stock Exchange, which 24 brokers signed in 1792 to set a standard commission rate and ensure trading preference was given to other members of the agreement.

The first shares traded on the NYSE were the Bank of North America, First Bank of the United States and the Bank of New York. Later, the Open Board of Stock Brokers was launched as a rival to the NYSE, however, the two exchanges merged in 1869.

Increased regulation was introduced following the Great Depression of the 1930s, caused by the crash of the stock market. And over the years, the NYSE trading floor has continued to evolved greatly. In 2020 the New York Stock Exchange became an electronic-only platform, due to the Coronavirus pandemic. For the first time in history, the trading floors were closed while the market remained open, however, it has since re-opened.

Today, visitors can have live tours of the New York Stock Exchange floor, or view videos of the NYSE trading room on YouTube.

New York Stock Exchange Indices

There are multiple indices that track the prices of groups of shares on the New York Stock Exchange. Here we list some of the most popular that you might find at NYSE brokers:

What Is The New York Stock Exchange Used For?

NYSE vs NASDAQ

The NYSE is an auction market which means participants buy and sell directly from each other. This is different from the NASDAQ stock exchange, which is also located in New York City but is a dealer market instead and therefore has designated market makers to maintain liquidity.

The NYSE is more focused on industry, unlike NASDAQ which focuses on technology, and therefore tends to have more established, stable stocks. Because of this, some investors consider the NYSE to be a less risky investment opportunity.

NYSE Pillar

NYSE Arca is a subsidiary of the NYSE Group and is an Electronic Communication Network (ECN) that matches orders, unlike the NYSE which is both a physical and electronic stock exchange. NYSE Arca is the leading market for ETFs.

NYSE American (also known as AMEX), is a stock exchange for small to mid-capitalization companies that traditionally can’t meet the NYSE’s stringent listing requirements.

However, NYSE Pillar is a new integrated platform that allows members to access the NYSE, NYSE American Equities, NYSE Arca Equities, NYSE Chicago and NYSE National. NYSE Arca Options and NYSE American Options also joined the platform in 2021 and 2022 respectively. NYSE Pillar will therefore provide a wider selection of stocks; containing all 8000 securities listed on all US stock exchanges.

The market opening hours remain the same for NYSE Arca, American, Pillar and Options exchanges.

Tapes A, B and C

Tapes A, B and C are used to categorize different types of stocks in the United States:

How It Works

Here we discuss some of the key features of the New York Stock Exchange.

Floor Brokers

Identified by their jackets, floor brokers provide information and execute orders for their clients by ‘open outcry’. This is the use of shouting and hand signals to provide information about orders, which takes place on the NYSE trading floor, also known as the pit.

However, since the 1980s, outcry exchanges have been increasingly replaced by electronic platforms on the trading floor – though the floor jobs and dress codes haven’t completely disappeared yet.

Program Trading

Program trading is another phrase for algorithmic, portfolio or basket trading, which is used for high-volume transactions and is the way the majority of investments are carried out nowadays.

The NYSE defines program trading as buying or selling of 15 or more stocks that have a purchase value of greater than $1 million, and are part of a coordinated NYSE trading strategy. These trades are all captured in a program trading report. However, program trading is thought to contribute to market volatility and is believed to have led to market crashes in the 80s and 90s.

Halts

NYSE halt rules or trading curbs are a mechanism used for market suspension if a severe price drop occurs that could eliminate liquidity. These suspended investing period restrictions are known as market-wide circuit breakers (MQCBs), which either temporarily stops trading or closes the market early in extreme cases. This means investors will not be able to speculate on stocks at NYSE brokers.

NYSE market halts are triggered by measuring the decrease of indices. For example, the halt rule 80B means that if the Dow Jones Industrial Average falls by more than the set limits in a single day, trading will be paused for a defined period of time.

A recent example of this was the Gamestop (GME) halt which was put in place across NYSE brokers following extremely high trading volumes and volatility.

Reports

The volume summary report contains volume charts as well as NYSE investment activity data by parameters, including share size and number of trades. These insights are documented on the NYSE website, with 2019 and 2020 for example both presenting records for options trading volume and growth.

Regulation

While the NYSE Regulation (NYSER) is responsible for monitoring activities on each market, some regulatory functions are performed by other organizations such as FINRA and SEC, who set the policy and limits, including rules around insider NYSE trading.

This is an important comparison factor between NYSE brokers, and will ensure relevant client protection protocols and access to compensation if required.

Biggest Players

The biggest stocks on the NYSE by USD value are Apple, Microsoft and Alphabet (Google). Keep an eye on the key financial metrics of these companies via your New York Stock Exchange brokers’ published data.

The NYSE listing requirements are that a firm should have no less than a volume of 1.1 million shares traded with a market value of over 100 million USD, as well as a minimum  share price of 4 US Dollars per share. New York Stock Exchange equities that are trading for under $1 for more than 30 consecutive days are at risk of being removed as a listed company.

Each listed stock is also represented by unique symbols, for example NYSE: MANU refers to Manchester United and NYSE: WMT refers to Walmart. You may need these symbols when searching for a stock to trade on your NYSE broker’s platform.

Why Trade The New York Stock Exchange?

There are several advantages to investing on the New York Stock Exchange:

How To Start Day Trading On The New York Stock Exchange

Pick A Strategy

Once you have compared NYSE brokers and chosen the platform that best meets your needs and investment goals, its worth reviewing a strategy or trade plan.

One common system when investing on the New York Stock Exchange is calculating the NYSE tick index trading strategy. This is done by comparing the number of stocks with increasing price versus decreasing price, to get an overall view of whether the market is up or down.

For example, if 2500 stocks have an uptick and 300 stocks have a downtick, the overall index would be 2200. Anything above +1000 or below -1000 is considered extreme and therefore a trading signal. This can be visualized in an NYSE volume graph:

NYSE price chart

Opening Times

The New York Stock Exchange market open days are Monday to Friday, 09:30 to 16:00 hours NYC time, which is marked by the opening and closing bell. The time difference is four hours with London GMT, meaning the window for traders in the UK starts at 13:30.

Investing outside these times is also possible – pre-market sessions usually open from 08:00, with after-hours sessions beginning at 16:00 (20:00 GMT). However, this schedule is flexible and trading in these times is more volatile. Overnight trading is also possible, with bonds traded from 04:00 to 20:00 hours ET on the NYSE.

Note, some NYSE brokers may not provide premarket and aftermarket information, however online services such as Yahoo Finance can provide data on after-hours trading quotes.

In Australia AEST, regular sessions are 19:30 to 02:00 hours, while Malaysia and Singapore Standard time is UTC + 8 hours and therefore 17:30 to 00:00. Standard NYSE opening hours are from 15:00 to 21:30 in India.

Though there is no official trading hours lunch break, fewer trades take place over the lunch period in New York, meaning there is less liquidity. Day traders therefore tend to avoid this period.

There is no weekend market opening, with the NYSE closed on Saturdays and Sundays. The NYSE also has non-trading days which include Easter Friday, Thanksgiving Day and Memorial Day, though the full calendar for each year (2021, 2022, 2023 and beyond) can be found on NYSE.com or via registered brokers with access to the New York Stock Exchange. However, the NYSE is typically open as normal on New Year’s Eve (31st December) and Easter Monday.

NYSE Investment Tips

Final Word On NYSE Brokers

NYSE brokers provide access to the largest and most famous stock exchange in the world, allowing traders to buy and sell shares in listed companies. Its high liquidity and low spreads attract investors from all over the world to trade in some of the largest companies on the planet. Check out our list of the best NYSE brokers to get started.

FAQs

How Do I Start Trading On The New York Stock Exchange?

Day traders will need to use registered NYSE brokers to start investing on the exchange. When selecting brokers with access to the New York Stock Exchange to open an account with, ensure they are regulated and check for commissions and fees.

How Does The New York Stock Exchange Trading Floor Work?

Traders exchange securities on behalf of clients by buying and selling at an agreed price. This may be an informal agreement at first, which is communicated to the clearinghouse and the deal is matched.

What Are The New York Stock Exchange Opening And Closing Times?

The NYSE operates from 09:30 to 04:00 UTC time. The NYSE also has extended investment hours, with the early (premarket) session start time usually 08:00 UTC, and the late session starting after the market closes at 04:00. In the UK, the regular hours are 13:30 to 20:00 GMT.

What Is The Difference Between The New York Stock Exchange Vs NASDAQ?

The NYSE is an auction market whereas NASDAQ is a dealer market. NASDAQ does not have a physical trading floor unlike NYSE and was the first all-electronic stock exchange. However, market opening hours are the same for both NASDAQ and the New York Stock Exchange.

When Did The New York Stock Exchange Begin?

The New York Stock Exchange is thought to have begun in 1792 as part of the Buttonwood Agreement. The agreement was signed by 24 brokers to set a standard commission rate system and ensure NYSE trading preference was given to other members of the agreement.

What Are The NYSE Non-Trading Days?

The NYSE non-trading days in 2024 are New Years Day, Martin Luther King Jr. Day, Presidents Day, Good Friday, Memorial Day, Independence Day, Labour Day, Thanksgiving and Christmas Day. New Year’s Eve (12/31) follows regular NYSE market opening hours. Review these dates on your NYSE brokers’ published calendar.