Best Day Trading Platforms and Brokers in China 2024

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Written By
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Written By
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.
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Edited By
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Edited 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.
Updated

China’s highly volatile Shanghai and Shenzhen stock markets, frequent government interventions leading to sharp market movements, and rapid economic growth making it the world’s second-largest economy with a GDP of $17.7 trillion, create an attractive environment for short-term traders.

We’ve identified the best day trading platforms in China following hands-on tests. Many of these platforms cater to Chinese day traders, offering local markets like currency pairs containing the Chinese yuan (CNH) and stocks listed on the Shanghai Stock Exchange (SSE), as well as convenient payment methods, such as Hangzhou-based Alipay.

Note, the China Securities Regulatory Commission (CSRC) has tightened restrictions surrounding online trading in recent years. This is to keep a handle on capital outlfows and stabilize the yuan. We recommend checking Beijing’s latest rules to make sure you only trade with authorized brokers.

Top 10 Platforms For Day Trading In China

Following our first-hand evaluations, these 10 trading platforms stand out as the best for Chinese day traders:

Click a broker for details
  1. 1
    AvaTrade
    20% Welcome Bonus up to $10,000

    Ratings
    4.8 / 5
    4.3 / 5
    4.5 / 5
    3.8 / 5
    4.3 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4 / 5

    $100
    0.01 Lots
    1:30 (Retail) 1:400 (Pro)
    ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
    WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
    Skrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, Boleto
    USD, EUR, GBP, CAD, AUD
  2. 2
    Moneta Markets
    50% Cashback Bonus, Free VPS

    Ratings
    3.5 / 5
    3.5 / 5
    3.5 / 5
    3.8 / 5
    4.3 / 5
    4 / 5
    4 / 5
    3.3 / 5
    5 / 5
    4.4 / 5

    $50
    0.01 Lots
    1:1000
    ASIC, FSCA, FSA
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
    AppTrader, ProTrader, MT4, MT5, TradingCentral
    Visa, Bitcoin Payments, Mastercard, Wire Transfer, FasaPay, Sticpay, JCB Card, Credit Card
    USD, EUR, GBP, CAD, NZD, JPY, HKD, SGD, BRL
  3. 3
    Deriv.com

    Ratings
    3.5 / 5
    4.5 / 5
    4.5 / 5
    4 / 5
    4 / 5
    4.1 / 5
    2.5 / 5
    3 / 5
    4.2 / 5
    4.5 / 5

    $5
    0.01 Lots
    1:1000
    MFSA, LFSA, VFSC, BFSC
    CFDs, Multipliers, Forex, Stocks, Indices, Commodities
    Deriv Trader, MT5
    Neteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash
    USD, EUR, GBP, AUD
  4. 4
    Exness

    Ratings
    4.5 / 5
    4.3 / 5
    4.2 / 5
    4.8 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5

    $10
    0.01 Lots
    1:2000
    FSA, CySEC, FCA, FSCA, FSC, CBCS
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    Exness Trade App, MT4, MT5, TradingCentral
    Wire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, Boleto
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR
  5. 5
    Pepperstone
    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

    Ratings
    4.6 / 5
    4 / 5
    3.8 / 5
    4.4 / 5
    4.4 / 5
    4.6 / 5
    4.3 / 5
    4 / 5
    4.4 / 5
    4.1 / 5

    $0
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
    CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
    MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
    Visa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, Skrill
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  6. 6
    XM
    $30 No Deposit Bonus When You Register A Real Account

    Ratings
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4.3 / 5
    4 / 5
    4.5 / 5
    4.5 / 5
    4.5 / 5
    4.7 / 5
    3.9 / 5

    $5
    0.01 Lots
    1:1000
    ASIC, CySEC, DFSA, FSC, FSCA
    Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
    MT4, MT5
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF
  7. 7
    IC Markets

    Ratings
    4.6 / 5
    4 / 5
    3.5 / 5
    4.6 / 5
    4 / 5
    4.5 / 5
    4 / 5
    3.5 / 5
    3.1 / 5
    4.2 / 5

    $200
    0.01 Lots
    1:1000
    ASIC, CySEC, FSA, CMA
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
    MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
    PayPal, Skrill, Neteller, Visa, UnionPay, Wire Transfer, Rapid Transfer, Mastercard, POLi, BPAY, Credit Card, Klarna, Swift, SafeCharge
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  8. 8
    Eightcap

    Ratings
    4.3 / 5
    4 / 5
    3.6 / 5
    3.8 / 5
    4.3 / 5
    4 / 5
    3.5 / 5
    3 / 5
    4.8 / 5
    4.4 / 5

    $100
    0.01 Lots
    1:500
    ASIC, FCA, CySEC, SCB
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    MT4, MT5, TradingView
    Neteller, Skrill, Visa, UnionPay, Credit Card, Debit Card, Bitcoin Payments, Wire Transfer, FasaPay, BPAY, PayPal, Dragonpay, PIX Payment
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  9. 9
    DNA Markets

    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.9 / 5
    3.5 / 5
    3.6 / 5
    1.8 / 5
    1.6 / 5
    4.8 / 5
    4.4 / 5

    $100
    0.01 Lots
    1:500
    ASIC
    CFDs, Forex, Indices, Commodities, Stocks, Crypto
    MT4, MT5
    Credit Card, Debit Card, Wire Transfer, BPAY, Skrill, Neteller, Bitcoin Payments, Bitwallet, AstroPay, Mastercard
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  10. 10
    FOREX.com

    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5

    $100
    0.01 Lots
    1:400
    NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA
    Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Here is a short summary of why we think each broker belongs in this top list:

  1. 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.
  2. Moneta Markets - Founded in 2019 and headquartered in Johannesburg, South Africa, Moneta Markets offers over 1000 instruments for short-term trading. New traders can choose between STP and ECN accounts while the smooth sign-up process has helped attract 70,000 registered traders.
  3. 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.
  4. Exness - Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 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.
  5. 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.
  6. XM - XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.
  7. 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.
  8. Eightcap - Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 1,000+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
  9. DNA Markets - DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.
  10. FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

Best Day Trading Platforms and Brokers in China 2024 Comparison

Best Day Trading Platforms and Brokers in China 2024 Comparison
Broker Minimum Deposit Markets Platforms Leverage Regulator
AvaTrade logo $100 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) ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM
Moneta Markets logo $50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto AppTrader, ProTrader, MT4, MT5, TradingCentral 1:1000 ASIC, FSCA, FSA
Deriv.com logo $5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 MFSA, LFSA, VFSC, BFSC
Exness logo $10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral 1:2000 FSA, CySEC, FCA, FSCA, FSC, CBCS
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) FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
XM logo $5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 1:1000 ASIC, CySEC, DFSA, FSC, FSCA
IC Markets logo $200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade 1:1000 ASIC, CySEC, FSA, CMA
Eightcap logo $100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:500 ASIC, FCA, CySEC, SCB
DNA Markets logo $100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:500 ASIC
FOREX.com logo $100 Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:400 NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA

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."

Rebecca Holden, Reviewer

AvaTrade Quick Facts

Bonus Offer20% Welcome Bonus up to $10,000
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
RegulatorASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM
PlatformsWebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:30 (Retail) 1:400 (Pro)
Account CurrenciesUSD, EUR, GBP, CAD, AUD

Pros

  • The broker offers reliable 24/5 multilingual customer support with fast response times during testing
  • Day traders can access stable spreads and zero commissions with no hidden fees
  • There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill

Cons

  • There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
  • It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here
  • There is no ECN account with raw spreads

Moneta Markets

"With ECN pricing featuring spreads from 0 and commissions from $1, high leverage of up to 1:1000, and the terrific ProTrader charting platform, Moneta Markets is an excellent broker for experienced day traders."

Christian Harris, Reviewer

Moneta Markets Quick Facts

Bonus Offer50% Cashback Bonus, Free VPS
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
RegulatorASIC, FSCA, FSA
PlatformsAppTrader, ProTrader, MT4, MT5, TradingCentral
Minimum Deposit$50
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, CAD, NZD, JPY, HKD, SGD, BRL

Pros

  • Moneta Markets makes account funding a breeze, with plenty of account currencies, zero transfer fees and a wide selection of traditional, digital and now crypto-backed payment methods.
  • Moneta Markets supports a growing suite of 1000+ tradable assets, with a particularly strong selection of commodities and more recently fresh index CFDs.
  • The broker offers competitive leverage rates of up to 1:1000, allowing experienced day traders to amplify their positions and potentially increase their returns.

Cons

  • Whilst TradingView-backed ProTrader is intuitive, there are limitations compared to the full TradingView platform, notably time frames lack seconds or ranges, and community scripts can’t be added.
  • Although regulated by the ASIC, trading through the Seychelles-based entity may result in limited regulatory protections while Moneta Markets’ short track also means it hasn’t earned the reputation of the safest brokers.
  • While trading costs are generally competitive, index CFDs feature fairly high spreads especially on US products like the S&P 500, trailing IC Markets during testing.

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. "

Rebecca Holden, Reviewer

Deriv.com Quick Facts

Demo AccountYes
InstrumentsCFDs, Multipliers, Forex, Stocks, Indices, Commodities
RegulatorMFSA, LFSA, VFSC, BFSC
PlatformsDeriv Trader, MT5
Minimum Deposit$5
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, AUD

Pros

  • Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
  • The free demo account is ideal for practicing short-term trading strategies and no registration is required
  • Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters

Cons

  • There's no loyalty program or rebate scheme for high volume traders
  • 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+

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."

Rebecca Holden, Reviewer

Exness Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorFSA, CySEC, FCA, FSCA, FSC, CBCS
PlatformsExness Trade App, MT4, MT5, TradingCentral
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:2000
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR

Pros

  • The broker offers fast execution speeds for short-term traders, averaging under 25ms
  • There's excellent 24/7 multilingual customer support via telephone, email and live chat
  • 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
  • There are no promotional deals or loyalty schemes for high-volume day traders
  • Unlike most competitors, Exness doesn't provide its own education section

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."

Christian Harris, Reviewer

Pepperstone Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
RegulatorFCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
PlatformsMT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • 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.
  • Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.

Cons

  • Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
  • Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
  • 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.

XM

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

Rebecca Holden, Reviewer

XM Quick Facts

Bonus Offer$30 No Deposit Bonus When You Register A Real Account
Demo AccountYes
InstrumentsForex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
RegulatorASIC, CySEC, DFSA, FSC, FSCA
PlatformsMT4, MT5
Minimum Deposit$5
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF

Pros

  • The broker offers premium research including market sentiment, fundamental insights and strategy builders
  • XM is a hugely respected broker authorized by tier-one regulators
  • 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries

Cons

  • There is weak regulatory oversight through the global entity
  • PayPal deposits are not supported
  • There's $5 inactivity fee after only 3 months, though this won't affect active traders

IC Markets

"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."

Christian Harris, Reviewer

IC Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
RegulatorASIC, CySEC, FSA, CMA
PlatformsMT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Minimum Deposit$200
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • 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.
  • As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
  • You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.

Cons

  • While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
  • Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
  • There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.

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."

Christian Harris, Reviewer

Eightcap Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorASIC, FCA, CySEC, SCB
PlatformsMT4, MT5, TradingView
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • 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.
  • Having excelled across all key areas for day traders, Eightcap outperformed more than 490 competitors to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.

Cons

  • 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.
  • 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.
  • 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.

DNA Markets

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

Jemma Grist, Reviewer

DNA Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Indices, Commodities, Stocks, Crypto
RegulatorASIC
PlatformsMT4, MT5
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • After a recent upgrade, there are now over 800 assets available to trade via CFDs, with a particularly impressive range of 120+ cryptos
  • Convenient account funding is available with 7 base currencies, a $100 deposit and a wide range of payment methods
  • DNA Markets offers top-rate platforms and charting tools for day traders with access to MT4 and MT5

Cons

  • Unlike many alternatives, there are limited educational and research tools for traders seeking an all-in-one solution
  • Despite access to MT4 and MT5, there is no proprietary trading app for seamless account management whilst on the go
  • Although it continues to strengthen its client base and reputation, DNA Markets lacks the track record of top brokers like Vantage

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

Christian Harris, Reviewer

FOREX.com Quick Facts

Demo AccountYes
InstrumentsForex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto
RegulatorNFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:400
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

  • There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
  • With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.

Cons

  • FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
  • There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.

Methodology

To uncover the best day trading brokers in China, we searched our database of 500 online platforms and narrowed it down to all those that accept Chinese traders.

We then ranked them by their overall score, leveraging 100+ data points and findings from our in-depth assessments.

  • We ensured each broker accepts Chinese day traders.
  • We only recommended trusted and regulated brokers.
  • We prioritized brokers with a wide range of markets.
  • We favored brokers with competitive day trading fees.
  • We checked for a range of charting tools for technical analysis.
  • We assessed each broker’s leverage and margin requirements.
  • We investigated each broker’s execution speed and quality.
  • We made sure each broker offers convenient account funding

DayTrading.com broker testing methodology overview

How To Choose A Day Trading Broker In China

Our years in the industry have shown that there are several important factors to consider when choosing a broker:

Choose A Trustworthy Broker

A trusted brokerage will be regulated by a credible authority and provide a secure environment to help protect you from trading scams.

Unfortunately, trading scams are prevalent in China, with the infamous ‘Pig Butchering’ operation sweeping through Asia in recent years. As reported by CNN, this is a “type of confidence fraud in which victims are lured by scammers often impersonating young women on the internet. The scammers then spend weeks building a relationship with their victim, introducing them to cryptocurrency and encouraging them to invest on a fake platform.”

That’s why day trading with a regulated broker is crucial if you want peace of mind and security. The China Securities Regulatory Commission (CSRC) oversees domestic financial markets.

Some overseas brokers also accept Chinese traders, though it’s important to check for any legal restrictions before signing up.

If you do opt for this route, it’s advisable to select a broker authorized by a ‘green tier’ regulator, such as the UK’s FCA. We also recommend picking a broker with a long, clean track record.

  • AvaTrade maintains a top spot in our trust ratings, with licenses from multiple green tier authorities including Australia’s ASIC and Japan’s FSA. It’s also upheld an excellent track record since 2006 and safeguards client accounts with negative balance protection and its own AvaProtect feature.

Choose A Broker With Diverse Market Coverage

Day traders may be interested in a range of asset classes, typically traded via short-term products like contracts for difference (CFDs).

For Chinese traders, exotic currency pairs involving the Chinese yuan renminbi (CNY or CNH in the offshore market) such as the USD/CNH, exhibit significant volatility that can make them attractive to short-term trading strategies.

You may also be interested in Chinese shares listed on the Shanghai Stock Exchange (SSE), such as Kweichow Moutai Co and PetroChina.

Additionally, as the world’s number one exporter of goods, China offers opportunities to speculate on prominent commodities, such as oil, iron ore and aluminium.

Infographic showing popular day trading markets in China

  • Pepperstone offers a superb range of regional markets for Chinese day traders, including the USD/CNH currency pair, shares listed on the Hong Kong Stock Exchange (HKEX), and a range of local indices and ETFs, notably the Hang Seng China 50 Index and the iShares China 25 ETF.

Choose A Broker With Excellent Pricing

Low brokerage fees are important if you’re actively trading, as transaction costs can accumulate quickly.

That’s why we assess spreads and commissions on popular assets, the most common day trading fees. We also consider non-trading fees such as deposit and withdrawal charges, plus conversion costs if transferring Chinese yuan.

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Consider the overall day trading environment to judge whether higher fees are justified. For instance, you might get free access to interest rate updates from the People’s Bank of China, which could affect the value of the renminbi or fast execution speeds which can help you secure optimal prices when trading volatile Chinese stocks.
  • Moneta Markets continues to deliver some of the best pricing in the industry, with ultra-low spreads from 0.3 on USD/CNH and 0.6 on the China 50 Index. For no additional fee, you also get access to an intuitive economic calendar where you can filter economic events in China.

Choose A Broker With Reliable Charting Platforms

Short-term traders require a stable charting environment to build strategies and execute trades.

Crucially, the best charting platforms are user-friendly, easy to navigate and deliver a wide range of technical tools.

Popular options include MetaTrader 4 and MetaTrader 5, which have pioneered online trading software since 2005. However, more contemporary options like cTrader and TradingView stand out for their sleeker designs, with limited compromises in terms of quality and features.

I particularly love that you can view chart patterns from Autochartist directly in the cTrader workspace alongside your chosen asset. For example, I was able to seamlessly analyze potential opportunities in the HK50 Index, as can be seen below.
author image
Jemma Grist
Author
cTrader platform at IC Markets showing Autochartist pattern for HK50
IC Markets – cTrader
  • IC Markets offers a superb selection of platforms to suit all experience levels and strategies, including MT4, cTrader and TradingView. You can also access superior tools, including IC Insights, which I’ve used to view market research on NASDAQ-listed Chinese stocks, such as China Xiangtai Food Co.

Choose A Broker With Clear Leverage Requirements

Leverage is a key component of many day trading strategies, allowing you to magnify your gains while only putting down a small deposit (margin).

Let’s say I want to speculate on PetroChina shares with leverage of 1:5, this means that my gains from a 500 CNH deposit would multiply x5, to 2,500 CNH.

That said, leverage can also contribute to significant losses, so understand your broker’s margin requirements upfront and take a proactive approach to risk management.

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To help curb losses, use stop-loss orders to automatically close out positions when they reach a pre-determined level.
  • XM offers leverage up to 1:1000 for highly experienced investors, although leverage on USD/CNH is capped at 1:50. Margin requirements are clearly articulated upfront, for example, the China 50 Index requires a minimum margin of 0.4%. I also recommend using the broker’s handy margin calculator to work out what you need for each trade.

Choose A Broker With Fast Execution

Successful day trading requires reliable order execution, ensuring that positions are filled quickly and at the desired price.

We examine brokers’ execution data where possible, including speeds (ideally meeting our <100-millisecond benchmark).

We also take into account latency and slippage rates – the measures of time delay and price difference per order executed, respectively.

  • FOREX.com consistently delivers ultra-fast execution speeds averaging 50 milliseconds, with 100% of trades successfully executed at the requested price or better on the MT4 platform. This makes it an excellent option if you want to day trade fast-moving markets such as USD/CNH, AUD/CNH, EUR/NCH, and CNH/JPY (all available at FOREX.com).

Choose A Broker With Convenient Account Funding

You can usually open a day trading account with less than 250 USD (approximately 1,810 CNY), though some brokers let you sign up with no minimum.

Having access to convenient local payment methods can also help keep transaction costs and processing times down.

According to research by Adyen, 92% of Chinese consumers use Alipay and WeChat Pay as their primary funding methods, while Union Pay is a prominent card solution. These are offered by various day trading platforms, as firms look to attract Chinese traders.

  • RoboForex is a great option for budget traders with its $10 minimum deposit. It also offers a vast selection of payment methods, including leading payment solutions in China, WeChat Pay and Alipay.

FAQ

Who Regulates Day Trading Platforms In China?

The China Securities Regulatory Commission (CSRC) regulates the financial markets in China, including participants like online trading platforms.

We recommend checking the latest rules and regulations from the Chinese government before choosing a broker, as there may be restrictions on using international platforms in certain instances.

Which Is The Best Broker That Accepts Day Traders In China?

See our list of the best day trading platforms in China to find a suitable option for your needs.

For example, Pepperstone offers a great range of Chinese markets, from CNH currency pairs to Chinese ETFs, while RoboForex is a top pick for those looking for hassle-free account funding using Chinese payment solutions like Alipay.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com