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Dow Jones

Dow Jones brokers facilitate access to the firm founded in 1882 by Charles Dow, Edward Jones and Charles Bergstresser. Over the next century, the company grew into one of the biggest players in the financial and business news industry. The firm has also created various market averages, the most famous of these being the Dow Jones Industrial Average (DJIA). Today, a long list of online traders turn to Dow Jones brokers to speculate on some of the world’s leading companies, including Apple and Microsoft.

This article will guide you through the information you need to know about trading on the Dow Jones, alongside its comprehensive history, popular trading strategies, and more. We also list the best brokers with access to the Dow Jones in 2024.

Dow Jones Brokers

These are the 5 best brokers for trading on the Dow Jones:

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

#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

  • There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits
  • The free demo account is ideal for practicing short-term trading strategies and no registration is required
  • Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates

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 emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program.
  • 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.
  • Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day 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.
  • 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.
Visit Pepperstone

#3 - XM

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots

Stock Exchanges

XM offers trading on 14 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange

Pros

  • Accessible trading accounts with a $5 minimum deposit and fast account opening
  • The broker offers premium research including market sentiment, fundamental insights and strategy builders
  • 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries

Cons

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

#4 - 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

  • As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
  • 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.
  • 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

  • There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
  • The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
  • 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.
Visit IC Markets

#5 - 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

  • 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.
  • 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.

Cons

  • In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
  • 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.
Visit Eightcap

How To Compare Dow Jones Brokers

Consider the following features when choosing between online brokers that support Dow Jones trading:

Platforms & Tools

The best platforms offered by Dow Jones brokers is, of course, a matter of personal preference. However, having the choice between third-party terminals or proprietary tools is worth looking out for. In-built indicators such as the relative strength index (RSI), moving average convergence divergence (MACD) or stochastic oscillator may be useful when identifying patterns in the Dow Jones index.

The MetaTrader 4 platform, for example, offer 30+ integrated technical indicators without the need for separate downloads. Being able to simply plot these onto graphs and charts within one interface will be advantageous when speculating on the Dow Jones.

Instruments

This a prominent global index and so Dow Jones brokers may offer a range of investment products. The simplest and often most cost-effective way to trade the Dow Jones is via an exchange-traded fund (ETF) or index-linked fund. Investing in these funds requires a smaller initial cash outlay whilst still providing a performance that mirrors that of the Dow Jones.

Alternatively, look out for Dow Jones brokers that also offer individual stocks. You should be able to trade shares of the 30 companies included in the Dow Jones.

Regulation

The best Dow Jones brokers will be regulated by top-tier financial authorities. Regulated brokers are considered the safest option and will provide capital protection and safeguarding initiatives for all retail traders.

Many Dow Jones brokers are registered with the US Securities and Exchange Commission (SEC). Examples include TD Ameritrade and Interactive Brokers. The National Futures Association (NFA) safeguards the integrity of the securities markets within the USA. Check whether your online broker is a member via the official website.

Fees

Commissions and spreads can make a big difference to your overall profit. Fidelity, for example, offers commission-free investing on US stocks and ETFs.

As well as direct fees, Dow Jones brokers with low non-trading costs such as deposit and withdrawal charges, inactivity fees, and account maintenance costs should rank highly. Additionally, if you are trading with Dow Jones brokers that only permit account denominations in USD, you may be liable for currency conversion fees.

News

Access to live data and the latest company news is important for all index trading. However, the association of the Dow Jones group with well-regarded publications is a significant advantage. Dow Jones brokers that provide retail clients with free access to Dow Jones Newswires should be a key consideration.

The company publishes daily news items including exclusive content from The Wall Street Journal, Barron’s, and MarketWatch covering all asset classes and markets worldwide. Having this information directly available via your broker’s platform will save time and hassle.

Interactive Brokers, for example, integrates Dow Jones stock market insights and financial analysis into its service offering.

What Is The Dow Jones?

Dow Jones is known for founding one of the most prominent indices: the Dow Jones Industrial Average. The DJIA is formed of 30 significant companies listed on stock exchanges in the United States. The company also created and runs the Wall Street Journal, which remains one of the most influential financial publications to this day. One of the co-founders, Charles Dow, wanted to give investors predictions that would help to show whether the stock market was rising or falling.

The first index created by Dow consisted of 12 companies and the first recorded value of the Dow Jones Index, 40.94, was calculated by taking a market average of these firms. The top Dow Jones brokers offer access to the latest evolution of this index in 2024.

Dow also believed that it was possible to predict the movement in stocks based on the price movement of different types of equities. According to Dow Theory, an increase in industrial stocks will result in a similar trend in transportation stocks, for example. These averages can be used to more accurately predict the movement in share prices across various industries.

History

In 1882, Dow Jones was owned by its three founders Charles Dow, Edward Jones and Charles Bergstresser. Ownership then changed in 1902 when Dow died and the company was bought by Jessie Waldron and Clarence Barron. This pair eventually passed control to the Bancroft Family, who retained ownership until 2007 when Dow Jones and company was bought by News Corp.

Key milestone history dates include:

Note, head to the official website for details on quarterly returns and daily trade volumes. The best Dow Jones brokers also provide information on investing metrics.

What Companies Are In The Dow Jones?

Like the S&P 500 and Nasdaq 100, the Dow Jones is also one of the most prominent indices in the world. This is the list of companies currently included in the DJIA (as of 2022), along with the year they joined the index:

  1. American Express Co – 1982
  2. Amgen – 2020
  3. Apple Inc – 2015
  4. Boeing Co – 1987
  5. Caterpillar Inc – 1991
  6. Cisco Systems – 2009
  7. Chevron Corp – 2008
  8. Goldman Sachs Group – 2013
  9. Home Depot Inc – 1999
  10. Honeywell International Inc – 2020
  11. International Business Machines Corp – 1979
  12. Intel Corp – 1999
  13. Johnson & Johnson – 1997
  14. Coca-Cola Co – 1987
  15. JP Morgan Chase & Co – 1991
  16. McDonald’s Corp – 1999
  17. 3M Co – 1976
  18. Merck & Co Inc – 1979
  19. Microsoft Corp – 1999
  20. Nike Inc – 2013
  21. Procter & Gamble Co – 1932
  22. Travellers Companies Inc – 2009
  23. UnitedHealth Group Inc – 2012
  24. Salesforce Inc – 2020
  25. Verizon Communications Inc – 2004
  26. Visa Inc – 2013
  27. Walgreens Boots Alliance Inc – 2018
  28. Walmart – 1997
  29. Walt Disney Co – 1991
  30. Dow Inc – 2019

Keep an eye on the official index for the top stocks by market capitalization, along with any new additions. The top Dow Jones brokers will provide detailed insights into leading stocks, along with key financial metrics and latest price projections.

Trading Hours

Dow Jones is open from 9:30 am – 4 pm Monday to Friday in New York Time. In UK time, opening hours are 2:30 pm – 9 pm (GMT). Outside of regular market hours, there is also industrial pre-market trading running from 4 am to 9:30 am (ET) and after-hours trading from 4 pm to 8 pm (ET) though not all Dow Jones brokers will offer this.

Note, there is no overnight trading or weekend investing on the index.

Other Indices & Publications

Outside of the DJIA, other indices and publications are currently or were previously owned by the Dow Jones company.

Indices:

Dow Jones and company no longer directly control these three indices that they originally founded. In 2012, S&P Dow Jones Indices LLC bought all three. This company is a collaboration between the CME Group and S&P Global.

Publications:

Strategies

Various investment and trading strategies can be employed to speculate on the Dow Jones via brokers that offer the index. Popular examples include:

Note, that the best Dow Jones strategy will depend on your individual investment objectives and risk appetite. 

Final Word On Dow Jones Brokers

The Dow Jones Industrial Average compares and ranks 30 major companies listed on stock exchanges in the US. As well as the popular index, the organization also set up various financial news brands. This guide has provided an introduction to the Dow, along with key dates in its history. We have also explained how to compare brokerages and platforms that offer trading on the Dow Jones.

Use our list of the best platforms and brokers with access to the Dow Jones to get started today.

FAQs

How Do You Trade The Dow Jones At Online Brokers?

The easiest way to trade Dow Jones via online brokers is through an exchange-traded fund (ETF). ETFs are known for being less volatile than individual stocks since large swings in the performance of specific equities will have a limited impact on the overall index average. As well as being lower risk, ETFs also help diversify portfolios. You can check what instruments Dow Jones brokers offer before signing up.

What Time Does The Dow Jones Start Trading At Online Brokers?

Standard trading hours begin at 09:30 ET which will be shown in broker’s investing platforms.

When Does The Dow Jones Stop Trading At Online Brokers?

Typical closing times are 16:00 ET which will be reflected via broker’s platforms. Note, that closing hours may vary with Christmas and public holidays.

Is Dow Jones A Price-Weighted Index?

Yes, the components of Dow Jones with the most value will have more influence. As of 8th July 2022, the most valuable stock on the index is UnitedHealth at $521.77, while the lowest is Walgreens Boots Alliance at $37.79. The best Dow Jones brokers offer detailed statistics and data on the constituents of the index.

What Is The Average Return On The Dow Jones From The Last 20 Years?

The average return from 2002-2021 has been 9.51%. Head to live price and volume charts at Dow Jones brokers for further insights into historical market data and quotes.

What Is The Future Forecast For The Dow Jones?

The Economic Forecast Agency has made a prediction of 30,296 points for the beginning of June 2024 with a maximum of 32,114 and a minimum of 28,478. Various other forecasts and predictions can be found online at Dow Jones Brokers.

When Is The Best Time To Trade The Dow Jones With Major Brokers?

Regular trading of Dow Jones begins early at 9:30 am EST. The hour ending at 10:30 am EST is often the best time of day. This is when the biggest changes occur in the shortest amount of time. Many professional day traders will prioritize this time to make the most of the high volatility in prices.