Best Brokers For Traders With No Time

The best brokers for traders with no time offer user-friendly tools that allow you to speculate on the financial markets with ease. As our lives become increasingly busy, time has become a limited and valued commodity. With little of it to spare, many are turning to online brokers and platforms to make trading as quick and simple as possible. From automated investing services and managed accounts to mobile apps and tailored strategies, we’ve rounded up the best brokers for traders with little or no time.

Best Brokers For Traders With No Time

Our team have listed the brokers with the best investing products and solutions for traders with less time:

#1 - Forex.com

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."

- DayTrading Review Team
  • Instruments: Forex, Spot Metals
  • Regulator: NFA, CFTC
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:50

Forex Trading

Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.

Stocks Trading

Forex.com offers access to thousands of US, EU and UK stocks, with spreads of just 1 point. Speculate on household names as well as new IPOs. US stocks are available from just 1.8 cents per share.

Pros

  • Beginner-friendly web platform and mobile app
  • Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4
  • Fast execution speed of less than 1 second

Cons

  • $15 monthly inactivity fee
  • No copy trading platform
  • Investment offering varies between countries

#2 - eToro USA

eToro is a social investing platform that offers stocks, ETFs, options, and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, this brand is highly respected. eToro securities trading is offered by eToro USA Securities, Inc.

"eToro is a top pick for users looking for social investing and copy trading. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer traders."

- DayTrading Review Team
  • Instruments: Stocks, Options, ETFs, Crypto
  • Regulator: SEC, FINRA
  • Platforms: Own
  • Min. Deposit: $10
  • Min. Trade: $10

Stocks Trading

Trade popular US stocks and ETFs with zero commissions while fractional shares and options are also available. The eToro Academy and excellent market research are also huge bonuses for newer investors.

Crypto Trading

eToro US leads the way in cryptocurrency trading. 1% fee for buying or selling crypto added to the spread (from 0.75% for BTC), with their own wallet service and the largest number of cryptos to trade in the market. eToro copy trading is only for cryptos. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.

Pros

  • The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
  • The $10 minimum deposit and straightforward account opening process means beginners can get started quickly
  • eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC

Cons

  • Narrower range of instruments than some competitors
  • No MetaTrader 4 platform integration

#3 - NinjaTrader

NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.

"We recommend NinjaTrader for high-volume futures traders looking for low fees and premium analysis tools."

- DayTrading Review Team
  • Instruments: Forex, Stocks, Options, Commodities, Futures, Crypto
  • Regulator: NFA, CFTC
  • Platforms: eSignal
  • Min. Deposit: $50
  • Min. Trade: 0.01 Lots
  • Leverage: 1:50

Forex Trading

NinjaTrader supports the trading of popular currencies including the EUR/USD. The trading software also offers unique features tailored to forex trading, including specific order and market windows.

Stocks Trading

Stocks can be traded by connecting the NinjaTrader platform to supporting brokers. You can then take positions on large public companies and household names via advanced trading software.

Crypto Trading

Trade micro Bitcoin futures with low fees and leading charting tools. Get exposure to Bitcoin through CME Group's centralized exchange with robust risk management tools.

Pros

  • Widely respected and heavily authorized by the NFA and CFTC
  • Thousands of add-ons and applications from developers in 150+ countries
  • Easy account opening that takes a few minutes

Cons

  • Withdrawal fee on some funding methods
  • Non forex and futures trading requires signing up with partner brokers
  • Premium platform tools come with an extra charge

#4 - OANDA US

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available, alongside flexible contract sizes and automated trade executions.

"We recommend OANDA for US traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick if you want a heavily regulated broker with a secure trading environment."

- DayTrading Review Team
  • Instruments: Forex, Crypto
  • Regulator: NFA, CFTC
  • Platforms: MT4, TradingView, AutoChartist
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:50

Forex Trading

OANDA offers 68 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools.

Crypto Trading

Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Clients can spot trade cryptocurrencies on Paxos's itBit exchange through the OANDA platform via OANDA’s partnership with Paxos. Users can trade digital currencies in a few taps through the iOS and Android mobile app.

Pros

  • Feature-rich app with 50 indicators, 11 drawing tools and 9 charting styles
  • Industry-leading platforms including MT4 and TradingView
  • Reliable, trustworthy and secure brand with authorization from tier-one regulators

Cons

  • Customer support not available on the weekend

#5 - Kwakol Markets

Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.

"Kwakol Markets is a good option for newer traders with a dedicated learning academy, copy trading and a choice of reliable platforms. New clients can also sign up and start trading in four straightforward steps."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: ASIC, FINTRAC
  • Platforms: MT4, MT5, AutoChartist
  • Min. Deposit: $1
  • Min. Trade: 0.01 Lots
  • Leverage: 1:1000

CFD Trading

CFDs are available on a breath of underlying assets, including stocks, indices, commodities, forex and cryptos. High leverage up to 1:500 is available alongside a 0.01 minimum lot size and award-winning software. For the tightest spreads from 0 pips, opt for the Premium account.

Forex Trading

Kwakol Markets offers a wider range of forex pairs than most competitors, with 90+ assets available. Users get fast execution speeds through the ECN model and competitive spreads. On the negative side, not all currency pairs are available on MT4.

Stocks Trading

Trade stocks with zero commissions and ultra-fast trade executions. Clients get exposure to US, EU, Asian and Russian stock markets on both the MT4 and MT5 platforms. Stocks are available as CFDs, so users will not own the underlying shares.

Crypto Trading

Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. This separates the broker from many alternatives that only offer cryptos paired with the USD. High leverage up to 1:20 on cryptos is available, plus support for Expert Advisors and copy trading.

Pros

  • Excellent market analysis tools
  • 0.01 Lot trading
  • Easy account opening process

Cons

  • Regional restrictions in certain countries
  • High deposits for premium features
  • Lack of deposit and withdrawal methods

#6 - Webull

Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.

"Webull is best for traders looking to buy and sell stocks on a user-friendly app with zero commissions."

- DayTrading Review Team
  • Instruments: Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs
  • Regulator: SEC, FINRA
  • Platforms: Own
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:4

Forex Trading

Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads.

Stocks Trading

Webull offers a fantastic list of 2000+ US stocks, fractional shares, options, ETFs, OTC, and ADRs. There is no commission on stocks, ETFs, and options. Full extended trading hours is available while custom screeners and watchlists aid the decision making process.

Crypto Trading

Webull offers trading on popular cryptos like Bitcoin against the US Dollar. With 35+ tokens and premium analysis tools, traders can review market trends and identify opportunities in a few taps.

Pros

  • Brokerage account plus IRA
  • No minimum deposit for beginners
  • Respected brand with strong regulatory oversight

Cons

  • High deposit and withdrawal wire fees for non-US residents
  • Day trading is limited for customers with less than $25,000 deposited
  • Sometimes sudden changes in trading conditions

#7 - IG Group

IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.

"IG offers a superb all-round package. Beginners will appreciate the user-friendly web platform and secure trading environment while established investors will rate the 17,000+ markets and top-tier market research."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
  • Regulator: FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
  • Platforms: MT4, AutoChartist, TradingCentral
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:250 (Pro)

CFD Trading

IG offers an impressive suite of 17,000+ CFD instruments. Negative balance protection ensures accounts cannot drop below zero while custom price alerts and the IG Academy enhance the trading experience.

Forex Trading

IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime.

Stocks Trading

IG offers 13,000+ shares, with more listed firms than most competitors. Fees are low with no commission on US stocks. Extended hours trading is also available alongside ultra-fast execution speeds of 0.014 seconds.

Crypto Trading

11 popular cryptos are available, plus two crypto crosses. A crypto index is also offered, following the value of the top 10 digital currencies by market cap. All cryptos are available via CFDs.

Pros

  • IG offers great educational materials including an extensive library of training and support on how to day trade successfully
  • Over 17,000 assets are available spanning stocks, forex, commodities, baskets, futures, options and more
  • Users have access to a comprehensive range of charts, market news, client sentiment data, and analysis tools

Cons

  • No copy trading platform
  • Inactivity charge

#8 - Pocket Option

Founded in 2017, Pocket Option is a binary options broker offering up/down contracts on forex, stocks and cryptocurrencies. With over 100,000 active users and a global reach, the brand has proven popular with budding traders. Pocket Option also supports dozens of payment methods and has a low minimum trade of just $1.

"We recommend Pocket Option for aspiring binary options traders looking for copy trading services and a low minimum investment."

- DayTrading Review Team
  • Instruments: Binary Options, Currencies, Commodities, Stocks, Indices
  • Regulator: IFMRRC
  • Platforms: MT5
  • Min. Deposit: $50
  • Min. Trade: $1

Forex Trading

Binary and OTC options can be purchased on over 40 foreign exchange pairs. Typical payouts are also decent at 81% and users can trade forex binary options in just a couple of clicks.

Stocks Trading

Trade 30 of the most popular American multinational stocks including Microsoft and Google. Payouts on big brands come in at a decent 92% while indices are available up to 67%.

Crypto Trading

Pocket Option supports major cryptocurrencies on a beginner-friendly app. Over 10 leading cryptocurrencies are available with very high leverage up to 1:1000.

Pros

  • Trading tournaments and competitions
  • Live signals
  • Turbo binary options

Cons

  • Only one account type is available
  • The expiration time is limited on trades
  • IFMRRC is not a reputable regulator

#9 - IQCent

IQCent is an offshore binary options and CFD broker based in the Marshall Islands with 10+ payment methods and a low $50 starting deposit. With 100+ assets, around the clock trading and high payouts the brand is popular with aspiring traders.

"IQCent will appeal to newer traders who want a platform where they can trade both binary options and CFDs with copy trading support and regular contests."

- DayTrading Review Team
  • Instruments: Binary Options, CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: IFMRRC
  • Platforms: TradingView
  • Min. Deposit: $250
  • Min. Trade: $0.01
  • Leverage: 1:500

CFD Trading

IQCent CFDs are available on forex, stocks, indices, commodities and cryptos with leverage variable by asset to a maximum of 1:500, which is higher than many alternatives. 24/7 customer support is also available to assist new users.

Forex Trading

IQCent traders can access CFDs or binary options on 40+ forex pairs, including majors, minors and exotics. CFD spreads start from 0.7 pips and binary options payouts are decent up to 95%. Trading takes place through the broker's proprietary platform with advanced analysis tools.

Stocks Trading

IQCent offers CFDs and binaries on four German stocks: Lufthansa, Deutsche, Daimler and BMW. Traders can also speculate on stock markets via seven leading indices including US30, S&P500 and FTSE100.

Crypto Trading

IQCent offers 17 crypto assets through its own platform, including Bitcoin, Ethereum and Litecoin. Leverage on crypto CFDs is limited to 1:10 while binary options payouts vary by token but are competitive.

Pros

  • Binary options with 98% payouts
  • Regular technical and fundamental analysis published
  • Instant deposits and fast withdrawals

Cons

  • No MetaTrader 4 platform
  • Poor selection of stocks with just four equities
  • Not overseen by any highly respected regulator

#10 - Moomoo

Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong and US stocks, ETFs and other assets. Margin trading is available and the brand accepts low minimum deposits while also decent several bonuses.

"Moomoo will appeal to stock traders who want to build an investment portfolio through a user-friendly app with low to zero commissions."

- DayTrading Review Team
  • Instruments: Stocks, Options, ETFs, ADRs, OTCs
  • Regulator: SEC, FINRA, MAS
  • Platforms: Own
  • Min. Deposit: $0
  • Min. Trade: $0

Stocks Trading

Moomoo offers online US and Hong Kong stocks, and China-A shares trading across options, ETFs, ADRs, OTC, plus IPOs on a proprietary trading platform. The zero commissions, no account minimum and free level 2 data are standout features.

Pros

  • ‘Moomoo Token’ transaction security
  • Attractive bonuses and financial incentives
  • Regulated by US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS)

Cons

  • Aimed mainly towards US residents
  • High margin rate fees
  • No 2 factor authentication (2FA)

Does Day Trading Require A Significant Time Investment?

The short answer is, yes. To day trade successfully, you need to invest a considerable amount of time. Both upfront, in research of markets, instruments, brokers and strategies, plus on an ongoing basis, to stay up to date with price movements, trends and forecasts.

With that said, some aspiring traders simply don’t have the time to commit to the financial markets. They may have full-time jobs or busy family lives. Fortunately, many brokers now offer an array of useful tools and services to ensure you can still speculate on emerging stocks, for example.

Top brokers for traders with limited time

How To Trade With Little Time

As demand for fast and simple trading solutions has increased, we’ve seen a growing number of time-saving solutions offered by brokers and platforms. We’ve broken down some of our top picks below.

Mobile Trading

Mobile trading offers ultimate flexibility. Trade on the go, from almost anywhere via your mobile. Such has been the popularity of mobile trading, that in recent years this has become a fairly standard offering. Mobile applications vary between the top brokers for traders with no time, but most will offer a similar user experience, access to your complete portfolio and advanced analytics.

Mobile applications are generally compatible with both Android and iOS devices. Most tend to be free of charge and are available to download from either the App Store or Google Play.

One thing to note is that some mobile applications offer a limited, or reduced, pool of features. For example, you may be able to access some indicators, but not all. Something else to consider is that for data-intensive processes, such as account registration, it may be easier to use a desktop platform.

Managed Accounts

If you’re unable to dedicate hours each day to manage your portfolio yourself, you might want to consider a managed account. As the name suggests, these accounts are actively ‘managed’, typically by experienced professionals. They take away much of the time-intensive daily monitoring required and will execute positions on your behalf.

Whilst managed accounts are a great option, especially for those that are new to trading, they do come at a price. Management fees can be hefty and will eat into profits. Still, some of the best brokers for traders with no time offer these straightforward trading solutions.

Automated Trading

Automated trading services are known by a variety of names including mechanical trading systems, expert advisors (EAs) and algorithmic trading. They all work by enabling users to input rules for trade entries and exits. Once programmed, the day trading software will automatically execute positions on your behalf. Today, over 75% of shares traded on U.S. exchanges follow automated trading orders. And many of the top brokers for traders with no time offer such features.

Entry and exit rules can be simple, such as rooting decisions on average crossovers, or they can be far more complicated. The widespread popularity of auto trading systems is unsurprising as in addition to saving investors time, they provide consistency and let you test predictions against historical data to determine the likelihood of success.

In terms of the specific time-saving benefits; automated software provides enhanced order speed entry. In a market where seconds can cost hundreds of thousands, speed is everything. Automated trading systems are also set up in advance, reducing the time needed for monitoring the markets.

With that being said, automated trading doesn’t equate to infinite success. You’ll need to watch out for software crashes, market anomalies and updates.

A Long-Term Approach

Trading is a long term game. Success doesn’t happen overnight. You’ll need to be patient, disciplined and resilient. This approach can be applied to your strategies too. Whilst they won’t work in every market, long-term strategies can have their uses, especially from a time-saving perspective. They tend to require less monitoring, less frequent analysis or action and ultimately, less of your time. Playing the long game means you can sit back and let it unfold (to a degree).

Stop Losses & Take Profits

A stop-loss limit is a predetermined exit point, set to cap the maximum loss you’ll make on a position. At the other end, a take profit order determines a set value at which you’re happy to close an open position. The combination of the two enables you to formulate a risk ratio that will help you realise gains and losses.

Put simply, they save traders time by taking high-pressure decision making out of the equation. We’ve all been in those situations where, in the heat of the moment, we just can’t see what the right thing to do is. Setting predetermined limits means that you won’t need to.

As well as time, they can also save you money and stress and are a particularly useful tool for beginners.

How To Start Trading On A Time Limit

The first thing you need to do is pick one of the best brokers for traders with no time. If efficiency is a priority, ensure you opt for a broker that offers some of the features discussed above. We don’t recommend that you scrimp on the time spent evaluating, comparing and trialling brokers. Take your time, do your research, and you’ll thank yourself in the long run.

Best brokers for traders with no time

You’ll then need to pick a strategy. Whether you opt for short-term, automated trading or are considering a longer-term approach, make sure you’re clear on how you want to trade. There’s no point in implementing a strategy that will require you to dedicate hours every day if you haven’t got the time available. Be disciplined and stick to your strategy.

And finally, fit it in around your lifestyle. Identify pockets of time that you can commit to trading and apply yourself. Whether it’s during your morning commute or a Saturday morning, work around your lifestyle and avoid multitasking – trading whilst cooking dinner or with three kids underfoot, is a recipe for missed opportunities and expensive mistakes.

Risks Of Trading With Limited Time

There are several drawbacks to opening accounts at brokers for traders with no time. The day trading market is saturated with experts, algorithms and technology and you’re up against them all. There’s a reason why successful people dedicate as much time as they do – because that’s what it often requires to generate returns.

An additional drawback of trading with no time is that it can be more expensive. If you opt for a managed service, you’ll pay a premium for it. Also, no external party is going to care about your portfolio as much as you do.

And finally, trading within time constraints may mean that you’re more likely to make a mistake or a rash decision. Predetermined strategies can help to avoid this but in the heat of the moment, it’s not as easy as it might seem. You’re essentially adding more stress to an already pressurised situation.

Choosing The Best Brokers For Traders With No Time

When you compare brokers and platforms, look for those that offer some, if not all of the features listed above. Trial demo accounts where available and get in touch with the support team if you have additional questions.

As a starting point, Plus500, eToro, and TD Ameritrade are all reputable brokers, offering a good selection of time-saving features. Overall though, you need to find a brokerage that compliments your strategy, goals and lifestyle, so do some research and find a provider that works best for you.

FAQ

How Much Time Do I Need To Day Trade?

Day trading can require a considerable time investment. And whilst there are a number of solutions that aim to reduce this, it isn’t something that can be done in a few minutes. The key thing is to work out how much time you have available and to tailor your goals and efforts accordingly.

How Long Does Day Trading Take?

There is no hard and fast rule, it will vary. Factors such as the market you’re trading in, the number of instruments, strategies and other variables will all have an effect on the time it takes. First work out how much time you have to speculate on the financial markets, and then you can focus your efforts.

Is Day Trading Hard?

Put simply, yes. Day trading is not easy. As an individual day trader, you’re up against a wealth of advanced technologies and experienced professionals. Competition is fierce which is why automated trading features, managed accounts and slick mobile applications can all prove useful if you have limited time.

Which Are The Best Brokers For Traders With No Time?

The best platforms for those with no time will depend on a number of factors such as where you’re based, the instruments you want to trade, funding options, features and more. Make sure you do your research ahead of opening a live account and where possible try out the demo account first. See our list of the top platforms for traders with limited time to get started today.

Are Managed Accounts Good For Day Trading?

It depends on your strategy and personality. If you’re the type that likes to take a hands-on approach and has a considerable amount of time to spend monitoring and evaluating, then a managed account might not be for you. Conversely, if you’re looking to take a hands-off approach and are happy to trust a third party, then a managed account could save you time and energy.