Best Day Trading Platforms and Brokers in 2024

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Written By
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Written By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Fact Checked By
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
Updated

The best brokers for day trading offer low fees, excellent charting platforms, fast execution, access to global markets, support trading with leverage, and provide accessible minimum deposits. They are also trusted. Every brokerage we recommend in this guide meets these criteria.

Top 5 Platforms For Day Trading

We have reviewed over 490 brokers as of (May 2024) and found that these are the 5 best platforms for day trading. Every day trading broker was evaluated using real money or a test account.

  1. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
  2. OANDA US - OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score.
  3. Deriv.com - 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.
  4. Exness - 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.
  5. Pepperstone - 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.

Best Day Trading Platforms and Brokers in 2024 Comparison

Best Day Trading Platforms and Brokers in 2024 Comparison
Broker Minimum Deposit Markets Platforms Leverage Visit
AvaTrade logo
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade 1:30 (Retail) 1:400 (Pro) Visit
OANDA US logo
$0 Forex, Crypto OANDA Trade, MT4, TradingView, AutoChartist 1:50 Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral 1:2000 Visit
Pepperstone logo
$0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade 1:30 (Retail), 1:500 (Pro) Visit
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 - Visit
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities MT4, MT5, TradingView - Visit
LiteForex Europe logo
$50 CFDs, Forex, Indices, Commodities MT4, MT5 1:30 Visit
CityIndex logo
$0 CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds MT4, TradingView, TradingCentral 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 - Visit
FOREX.com logo
$100 CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:400 Visit
IC Trading logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures MT4, MT5, cTrader, AutoChartist, TradingCentral 1:500 Visit
eToro logo
$50 CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds eToro Web, CopyTrader, TradingCentral - Visit
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView 1:2000 Visit

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - OANDA US

Why We Chose 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 for short-term traders, alongside flexible contract sizes and automated trade executions.

  • Instruments: Forex, Crypto
  • Regulator: NFA, CFTC
  • Platforms: OANDA Trade, MT4, TradingView, AutoChartist
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:50

#3 - 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.

  • 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

#4 - 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.

  • 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

#5 - 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.

  • 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)

How We Rate Day Trading Brokers

Below, we explain the key factors our team considers when comparing day trading platforms.

Trust

Choosing a trustworthy day trading broker is the most important consideration. This will help protect you from scams and unfair trading practices while safeguarding your funds.

We only recommend day trading platforms that we trust, an assessment we continuously make by considering the quality of regulatory licenses, the broker’s years in the industry, and their reputation.

You can see which bodies regulate our best brokers below.

Top 5 Platforms For Day Trading - Regulator Data
AvaTrade OANDA US Deriv.com Exness Pepperstone
Trust Rating
Regulators ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM NFA, CFTC MFSA, LFSA, VFSC, BFSC FSA, CySEC, FCA, FSCA, FSC, CBCS FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Visit Visit Visit Visit Visit Visit
Review Review Review Review Review Review

Fees

Choosing a broker with low fees is critical when you are day trading because a large volume of trades can lead to significant costs, impacting overall profitability.

Our recommended platforms offer low day trading fees, an evaluation we make year-on-year by recording and comparing trading and non-trading fees.

Day trading spreads on forex at CMC Markets
CMC Markets – Fees

Importantly, we also weigh costs with the quality of the services provided – if you simply pick the broker with the lowest fees, you might compromise on platform features or face hidden costs later.

You can compare the typical fees you will incur at our best brokers below.

Top 5 Platforms For Day Trading - Fee Data
AvaTrade OANDA US Deriv.com Exness Pepperstone
Fee Rating
EUR/USD Spread 0.9 1.6 0.5 0.0 0.1
Oil Spread 0.02 0.018 1.0 2.5
Stock Fee 0.13 0.07 0.7 0.02
Inactivity Fee $50 $0 $25 $0 $0
Visit Visit Visit Visit Visit Visit
Review Review Review Review Review Review

Platforms

Choosing a broker with a high-quality charting platform is essential for day trading because most intraday traders use technical analysis to identify trading opportunities.

Most brokers offer several platforms to choose from; some will tick the boxes for the average day trader with an intuitive design and user-friendly interface, while others offer more advanced charting packages and analysis tools for the veteran trader.

I recommend using a demo account to make sure the platform works for you.

A demo account will allow you to explore the platform risk-free and assess the broker’s reliability before trading with real money.

author image
James Barra
Author
Day trading on MetaTrader 4 platform
MetaTrader 4 Platform

Our recommended brokers offer top-rate platforms, an assessment we routinely make by testing the software available and evaluating their usability, charting packages and trading tools.

You can compare the platforms and apps available at our best brokers below.

Top 5 Brokers For Day Trading - Platform Data
AvaTrade OANDA US Deriv.com Exness Pepperstone
Platform Rating
Charting Platforms WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade OANDA Trade, MT4, TradingView, AutoChartist Deriv Trader, MT5 Exness Trade App, MT4, MT5, TradingCentral MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Mobile App iOS & Android iOS & Android iOS & Android iOS & Android iOS & Android
Automated Trading Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader, DBots Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Visit Visit Visit Visit Visit Visit
Review Review Review Review Review Review

Markets

Choosing a broker that provides trading opportunities on the markets you are interested in is critical, as not every firm offers every asset type.

Our recommended brokers provide access to popular global markets, such as stocks, forex and commodities, something we confirm by signing in to brokers’ platforms to record the assets available.

We also consider the availability of trading vehicles that cater specifically to day traders, such as contracts for difference (CFDs). This derivative allows you to speculate on rising and falling prices without owning the underlying asset.

You can compare the financial markets available at our best brokers below.

Top 5 Platforms For Day Trading - Markets Data
AvaTrade OANDA US Deriv.com Exness Pepperstone
Markets Rating
Day Trading Markets CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures Forex, Crypto CFDs, Multipliers, Forex, Stocks, Indices, Commodities CFDs, Forex, Stocks, Indices, Commodities, Crypto CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Visit Visit Visit Visit Visit Visit
Review Review Review Review Review Review

Note market access may vary depending on jurisdictional rules.


Order Execution

Choosing a broker with fast execution speeds is crucial for day trading due to the rapid pace of market fluctuations. A delay in order execution could lead to you missing trades or less favorable prices.

Execution quality is also a critical consideration and encompasses factors like speed, price, and the probability of execution, helping to gauge whether you will secure the optimal trade.

Infographic showing importance of day trading brokers offering good execution quality

Our recommended platforms offer fast and reliable execution, a judgement we make by reviewing execution policies and considering average execution speeds (where data is available).

You can see whether our best brokers meet our execution benchmarks below.

Top 5 Platforms For Day Trading - Order Execution Data
AvaTrade OANDA US Deriv.com Exness Pepperstone
Fast Execution Yes Yes Yes Yes Yes
Visit Visit Visit Visit Visit Visit
Review Review Review Review Review Review

Leverage & Margin RequirementsInfographic showing the benefits and risks of using leverage on day trading platforms

Choosing a broker with access to leverage trading is an important consideration for day trading, as it can magnify your profits by enabling control of larger positions with less capital.

However, it also escalates the risk of larger losses, so beginners in particular should be very careful. Effective risk management is crucial, alongside an awareness of your broker’s margin requirements which set the minimum capital you need.

You can compare the leverage available at our best brokers below.

Top 5 Platforms For Day Trading - Leverage Data
AvaTrade OANDA US Deriv.com Exness Pepperstone
Margin Trading Yes Yes Yes Yes Yes
Leverage Available 1:30 (Retail) 1:400 (Pro) 1:50 1:1000 1:2000 1:30 (Retail), 1:500 (Pro)
Visit Visit Visit Visit Visit Visit
Review Review Review Review Review Review

Note leverage may vary depending on jurisdictional rules and the market being traded.


Minimum Deposit

Choosing a broker with a low minimum deposit will be particularly important for new day traders on a budget.

Our recommend day trading platforms have achievable entry requirements, an evaluation we make by weighing the minimum investment with the suitability of accounts for different traders, from beginners through to intermediate and advanced traders.

You can compare the account minimums at our best brokers below.

Top 5 Platforms For Day Trading - Minimum Investment Data
AvaTrade OANDA US Deriv.com Exness Pepperstone
Minimum Deposit $0 $5 $10 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Visit Visit Visit Visit Visit Visit
Review Review Review Review Review Review

Methodology

To find the best brokers for day trading we considered quantitative data and qualitative insights gathered during our comprehensive reviews, focusing on 7 criteria:

  • We verified that brokers are authorized by a trusted regulator 
  • We recorded and analyzed the fees you will encounter when day trading
  • We tested the suitability of the platform for short-term traders
  • We compared the markets available for day trading
  • We investigated the speed of order executions
  • We determined the level of support for leveraged trading
  • We checked the minimum deposit required to start trading

DayTrading.com testing methodology infographic

Bottom Line

Choosing a broker for day trading is a personal decision that will depend on your individual needs. However, our selection of top-rated platforms is a great place to start. Our exhaustive evaluation process takes into account the key factors that determine a broker’s suitability for short-term trading.

FAQ

What Is Day Trading?

Day trading is a strategy where individuals buy and sell financial instruments within the same trading day, seeking to profit from short-term price movements.

What Are The Benefits Of Day Trading?

Day trading offers the potential for fast profits as traders take advantage of short-term price fluctuations. Additionally, day traders can operate with reduced overnight risk since they often close positions before the market closes.

What Are The Risks Of Day Trading?

Day trading entails several risks. Firstly, there is the risk of financial loss if you make losing trades because of market volatility and emotional decision-making.

There is also the risk of signing up with fraudulent brokers operating scams, making it important to choose a trusted and regulated day trading broker.

Do I Need A Broker To Day Trade?

Yes, you normally need a broker to day trade. Your broker will provide a platform and the infrastructure to execute intraday trades in financial markets.

What Brokers Do Day Traders Use?

We have ranked the best brokers for day traders. In conducting our comparison, we considered multiple factors, from regulatory credentials and fees to the quality of the platform for intraday trading, the speed of order executions, and the minimum deposit to open an account.

How Do I Open A Day Trading Account?

To open a day trading account you will need to sign up with a broker. You usually need to provide basic contact details and information about your trading experience and source of funds, a process which often takes around 15 minutes.

Most regulated day trading brokers also need to verify your identity and address before you can unlock all trading features.

How Much Money Do I Need To Start Day Trading?

Account minimums vary between day trading platforms. Some require thousands of dollars in return for sophisticated features that cater to advanced traders. Alternatively, many brokers have an accessible minimum deposit of less than $500. Some brokerages even have no minimum deposit.

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