Dow Jones Brokers 2024
The Dow Jones was 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 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 10 best brokers for trading on the Dow Jones:
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1FOREX.comActive Trader Program With A 15% Reduction In Costs
Ratings
$1000.01 Lots1:50NFA, CFTCForex, Stocks, Futures, Futures OptionsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentralWire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH TransferUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN -
2eToro USAInvest $100 and get $10Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Ratings
$100$10SEC, FINRAStocks, Options, ETFs, CryptoeToro Trading Platform & CopyTraderACH Transfer, Debit Card, PayPal, Wire TransferUSD -
3Pocket Option50% Deposit Bonus
Ratings
$50$1MISABinary Options, Currencies, Commodities, Stocks, Indices, CryptosWeb, MT4, MT5Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, AirtelUSD -
4RedMars
Ratings
€2500.01 Lots1:30 (Retail), 1:500 (Pro)CySEC, AFMCFDs, Forex, Stocks, Indices, Commodities, CryptosMT5Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, VisaUSD, EUR -
5Capitalcore40% Deposit Bonus up to $2,500
Ratings
$100.01 Lots1:2000IFSAForex, Metals, Stocks, Cryptos, Futures IndicesWebTrader, ProEthereum Payments, Mastercard, Visa, Perfect Money, Bitcoin Payments, Debit Card, Credit Card, PayPalUSD -
6IGForex trading involves risk. Losses can exceed deposits.
Ratings
$00.01 Lots1:30 (Retail), 1:250 (Pro)FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFMCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread BettingWeb, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentralPayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit CardUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD -
7Videforex20% to 200% Deposit Bonus
Ratings
$250$0.011:500Binary Options, CFDs, Forex, Indices, Commodities, CryptoTradingViewSkrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum PaymentsUSD, EUR, GBP, AUD, RUB -
8xChief$100 No Deposit Bonus
Ratings
$100.01 Lots1:1000ASICCFDs, Forex, Metals, Commodities, Stocks, IndicesMT4, MT5Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, VoletUSD, EUR, GBP, JPY, CHF -
9InstaTrade
Ratings
$10.011:1000BVI FSCFISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, FuturesInstaTrade Gear, MT4Visa, Mastercard, Wire Transfer, Credit Card, Debit Card, Bitcoin Payments, Ethereum PaymentsUSD, EUR, RUB -
10Plexytrade120% Cash Welcome Bonus
Ratings
$500.011:2000CFDs, Forex, Indices, Stocks, Commodities, CryptoMT4, MT5Bitcoin Payments, Ethereum PaymentsUSD, EUR
This is why we think these brokers are the best in this category:
- 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.
- eToro USA - eToro is a social investing platform that offers short-term and long-term trading on 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, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
- Pocket Option - Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
- RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
- Capitalcore - Capitalcore is an offshore broker, based in Saint Vincent and the Grenadines and established in 2019. Traders can choose from four accounts (Classic, Silver, Gold, VIP) with lower spreads and larger bonuses as you move through the tiers. Where Capitalcore distinguishes itself is its high leverage up to 1:2000 and zero swap fees, though these don’t compensate for the weak oversight from the IFSA and paltry education and research.
- IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- Videforex - Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
- xChief - xChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
- InstaTrade - InstaTrade, based in the British Virgin Islands, is an online broker specializing in fixed income structured products and active trading through CFDs. Its zero-spread accounts, excellent research notably through InstaTrade TV, and access to the popular MT4 alongside its own web-accessible InstaTrade Gear, make it an attractive option for short-term traders at every level.
- Plexytrade - Established in 2024 and headquartered in Saint Lucia, Plexytrade is an ECN/STP broker. Geared towards active traders, it supports four account options, crypto deposits and withdrawals, plus very high leverage up to 1:2000 made possible by its unregulated status.
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
Bonus Offer | Active Trader Program With A 15% Reduction In Costs |
---|---|
Demo Account | Yes |
Instruments | Forex, Stocks, Futures, Futures Options |
Regulator | NFA, CFTC |
Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:50 |
Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Stock Exchanges
FOREX.com offers trading on 14 stock exchanges:
- Australian Securities Exchange (ASX)
- Borsa Italiana
- CAC 40 Index France
- DAX GER 40 Index
- Dow Jones
- Euronext
- FTSE UK Index
- Hang Seng
- Hong Kong Stock Exchange
- IBEX 35
- Japan Exchange Group
- Nasdaq
- S&P 500
- SIX Swiss Exchange
Pros
- Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
- 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.
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
Cons
- 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.
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
eToro USA
"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
Jemma Grist, Reviewer
eToro USA Quick Facts
Bonus Offer | Invest $100 and get $10 |
---|---|
Demo Account | Yes |
Instruments | Stocks, Options, ETFs, Crypto |
Regulator | SEC, FINRA |
Platforms | eToro Trading Platform & CopyTrader |
Minimum Deposit | $100 |
Minimum Trade | $10 |
Account Currencies | USD |
Stock Exchanges
eToro USA offers trading on 3 stock exchanges:
- Dow Jones
- New York Stock Exchange
- S&P 500
Pros
- The low minimum deposit and straightforward account opening process means beginners can get started quickly
- Investors can access Smart Portfolios for a more hands-off approach, covering a range of sectors and markets such as renewable energy and artificial intelligence
- A free demo account means new users and prospective day traders can try the broker risk-free
Cons
- The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
- There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos
- There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
Pocket Option
"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Jemma Grist, Reviewer
Pocket Option Quick Facts
Bonus Offer | 50% Deposit Bonus |
---|---|
Demo Account | Yes |
Instruments | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos |
Regulator | MISA |
Platforms | Web, MT4, MT5 |
Minimum Deposit | $50 |
Minimum Trade | $1 |
Account Currencies | USD |
Stock Exchanges
Pocket Option offers trading on 11 stock exchanges:
- Australian Securities Exchange (ASX)
- CAC 40 Index France
- DAX GER 40 Index
- Dow Jones
- Euronext
- FTSE UK Index
- IBEX 35
- Japan Exchange Group
- Nasdaq
- New York Stock Exchange
- S&P 500
Pros
- The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
- The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
- Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
Cons
- Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
- Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
- The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
RedMars
"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."
Christian Harris, Reviewer
RedMars Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
Regulator | CySEC, AFM |
Platforms | MT5 |
Minimum Deposit | €250 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR |
Stock Exchanges
RedMars offers trading on 15 stock exchanges:
- Australian Securities Exchange (ASX)
- CAC 40 Index France
- DAX GER 40 Index
- Dow Jones
- Euronext
- Hong Kong Stock Exchange
- IBEX 35
- Japan Exchange Group
- London Stock Exchange
- Nasdaq
- National Stock Exchange Of India
- New York Stock Exchange
- S&P 500
- Shanghai Stock Exchange
- Shenzhen Stock Exchange
Pros
- Getting started on RedMars is incredibly easy - you can be up and running in just a few minutes based on tests
- The broker is one of a limited number of firms to offer an account specially designed for VIPs with premium support and invites to exclusive events
- RedMars offers one of the best platforms for day trading, MT5, hosting 21 timeframes, dozens of analytical tools, flexible templates and algo trading
Cons
- RedMars falls short for newer traders, with little in the way of education, no beginner-friendly platform, a steep minimum deposit, and inadequate support during testing
- The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
- While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
Capitalcore
"The major selling points of Capitalcore are its high leverage options up to 1:2000 and zero commission or swap fees. However, its weak regulatory oversight from the IFSA and non-existent education place it far behind the top brokers."
Christian Harris, Reviewer
Capitalcore Quick Facts
Bonus Offer | 40% Deposit Bonus up to $2,500 |
---|---|
Demo Account | Yes |
Instruments | Forex, Metals, Stocks, Cryptos, Futures Indices |
Regulator | IFSA |
Platforms | WebTrader, Pro |
Minimum Deposit | $10 |
Minimum Trade | 0.01 Lots |
Leverage | 1:2000 |
Account Currencies | USD |
Stock Exchanges
Capitalcore offers trading on 5 stock exchanges:
- DAX GER 40 Index
- Dow Jones
- FTSE UK Index
- Nasdaq
- S&P 500
Pros
- The support team are available 24/7 and responded within minutes during testing with helpful responses.
- Capitalcore is one of the only brokers to charge zero swap fees, which may appeal to Islamic traders looking to comply with Islamic Finance.
- Unlike most brokers, Capitalcore offers an unlimited demo account that takes under 5 minutes to open.
Cons
- Capitalcore’s threadbare education and research seriously trail category leaders like IG, making it less suitable for aspiring traders.
- The web platform was inconsistent during testing, with occasional technical glitches that meant the trading platform wouldn’t load.
- Platform support is limited to proprietary software, so there's no integration with the market-leading MetaTrader or cTrader, which offer built-in economic news and support automated trading.
IG
"IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and fast execution speeds for experienced day traders."
Christian Harris, Reviewer
IG Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
Regulator | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM |
Platforms | Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:250 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD |
Stock Exchanges
IG offers trading on 20 stock exchanges:
- Australian Securities Exchange (ASX)
- Bombay Stock Exchange
- Borsa Italiana
- Deutsche Boerse
- Dow Jones
- Euronext
- Hong Kong Stock Exchange
- IBEX 35
- Japan Exchange Group
- Korean Stock Exchange
- London Stock Exchange
- National Stock Exchange Of India
- Russell 2000
- S&P 500
- SIX Swiss Exchange
- Shanghai Stock Exchange
- Shenzhen Stock Exchange
- Tadawul
- Taiwan Stock Exchange
- Toronto Stock Exchange
Pros
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
- IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus recently added US-listed futures and options, providing ample diversification opportunities.
- As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust.
Cons
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
Videforex
"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "
William Berg, Reviewer
Videforex Quick Facts
Bonus Offer | 20% to 200% Deposit Bonus |
---|---|
Demo Account | Yes |
Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
Platforms | TradingView |
Minimum Deposit | $250 |
Minimum Trade | $0.01 |
Leverage | 1:500 |
Account Currencies | USD, EUR, GBP, AUD, RUB |
Stock Exchanges
Videforex offers trading on 7 stock exchanges:
- Dow Jones
- FTSE UK Index
- Hong Kong Stock Exchange
- IBEX 35
- Nasdaq
- S&P 500
- SIX Swiss Exchange
Pros
- Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
- Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
- Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
Cons
- Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
- The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
- The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
xChief
"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."
William Berg, Reviewer
xChief Quick Facts
Bonus Offer | $100 No Deposit Bonus |
---|---|
Demo Account | Yes |
Instruments | CFDs, Forex, Metals, Commodities, Stocks, Indices |
Regulator | ASIC |
Platforms | MT4, MT5 |
Minimum Deposit | $10 |
Minimum Trade | 0.01 Lots |
Leverage | 1:1000 |
Account Currencies | USD, EUR, GBP, JPY, CHF |
Stock Exchanges
xChief offers trading on 14 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
- Nasdaq
- New York Stock Exchange
- S&P 500
Pros
- The broker offers several account types to suit different traders, including a Cent account for beginners and pro-level hedging/netting accounts
- The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library
- xChief delivers a high-quality day trading environment via the MT4 and MT5 platforms, with market-leading charts, indicators and tools
Cons
- The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively
- xChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards
- The broker trails competitors when it comes to research tools and educational resources
InstaTrade
"Although InstaTrade offers active trading on a comprehensive platform, it stands out with its fairly unique Fixed Income Structured Product (FISP), providing passive investment opportunities with up to 50% returns in 6 months if conditions are met. "
Christian Harris, Reviewer
InstaTrade Quick Facts
Demo Account | Yes |
---|---|
Instruments | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures |
Regulator | BVI FSC |
Platforms | InstaTrade Gear, MT4 |
Minimum Deposit | $1 |
Minimum Trade | 0.01 |
Leverage | 1:1000 |
Account Currencies | USD, EUR, RUB |
Stock Exchanges
InstaTrade offers trading on 12 stock exchanges:
- Australian Securities Exchange (ASX)
- CAC 40 Index France
- DAX GER 40 Index
- Dow Jones
- Euronext
- FTSE UK Index
- Hong Kong Stock Exchange
- IBEX 35
- Japan Exchange Group
- Nasdaq
- S&P 500
- SIX Swiss Exchange
Pros
- VPS hosting caters to algo trading strategies with a dedicated physical server providing rapid execution speeds as low as 9 milliseconds.
- InstaTrade TV, consisting of video interviews and valuable market insights spanning equities, cryptos and more, helps identify opportunities and inform short-term trades.
- Despite an average investment offering of around 300 assets, InstaTrade offers a particularly strong suite of currency pairs, catering to advanced traders seeking opportunities in volatile exotics.
Cons
- InstaTrade is registered in the offshore jurisdiction of the British Virgin Islands, resulting in limited regulatory safeguards for retail investors.
- InstaTrade sports one of the most cluttered websites and client cabinets in the industry, potentially overwhelming new traders, especially compared to XTB’s intuitive trading journey and resources.
- Profits are only guaranteed in the FISP if investors do not reach the 50% profit level and attract other users with a total sum of $4 for each dollar in compensation.
Plexytrade
"Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners."
Christian Harris, Reviewer
Plexytrade Quick Facts
Bonus Offer | 120% Cash Welcome Bonus |
---|---|
Demo Account | Yes |
Instruments | CFDs, Forex, Indices, Stocks, Commodities, Crypto |
Platforms | MT4, MT5 |
Minimum Deposit | $50 |
Minimum Trade | 0.01 |
Leverage | 1:2000 |
Account Currencies | USD, EUR |
Stock Exchanges
Plexytrade offers trading on 15 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
- IBEX 35
- Japan Exchange Group
- Nasdaq
- New York Stock Exchange
- Russell 2000
- S&P 500
- SIX Swiss Exchange
Pros
- Despite lacking regulation, Plexytrade provides negative balance protection and reinforces safety protocols by holding client funds in segregated accounts.
- There are various VPS packages starting from $50 per month, but they become complimentary once specific deposit thresholds are reached.
- Plexytrade accommodates a range of trading methods and short-term strategies, including scalping, hedging, and automated trading.
Cons
- With around 100 instruments, Plexytrade restricts the flexibility of investors who prefer to trade across various assets, especially compared to Blackbull with its 26,000 securities.
- There are no research and educational materials, falling short of alternatives like IG, while access to the economic calendar is restricted to clients with balances of $500.
- Plexytrade lacks regulation in major jurisdictions, significantly increasing the risks of opening an account and depositing funds.
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 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 try and 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:
- 1896 – The start of the Dow Jones Industrial Average. At this time it consisted of 12 companies: General Electric Co, Laclede Gas Light Co, National Lead, North American Co, Tennessee Coal, American Cotton Oil, American Sugar Refining Co, American Tobacco, Chicago Gas, Distilling & Cattle Feeding Co, U.S. Rubber, U.S Leather and Iron and Railroad Co
- 1903 – U.S Steel Corp joins the DJIA. It is the largest company in the nation at the time
- 1916 – The industrial average expands to 20 stocks
- 1928 – The calculation for Dow is changed – a special divisor is used instead of dividing by the number of stocks. It is still referred to as an average
- 1929 – Dow falls 23% over two days from the economic crash and recession
- 1972 – Dow closes above 1000
- 1987 – In another crash Dow posts its worst-ever percentage loss of 22% over one day (19th October)
- 1999 – Dow first closes above 10,000
- 2008 – Dow’s biggest-ever trading percentage gain of 11% (13th October)
- 2022 – DJIA reached its all-time high at 36,952.65 points
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 one of the most prominent indices in the world. This is the list of companies included in the DJIA, along with the year they joined the index:
- American Express Co – 1982
- Amgen – 2020
- Apple Inc – 2015
- Boeing Co – 1987
- Caterpillar Inc – 1991
- Cisco Systems – 2009
- Chevron Corp – 2008
- Goldman Sachs Group – 2013
- Home Depot Inc – 1999
- Honeywell International Inc – 2020
- International Business Machines Corp – 1979
- Intel Corp – 1999
- Johnson & Johnson – 1997
- Coca-Cola Co – 1987
- JP Morgan Chase & Co – 1991
- McDonald’s Corp – 1999
- 3M Co – 1976
- Merck & Co Inc – 1979
- Microsoft Corp – 1999
- Nike Inc – 2013
- Procter & Gamble Co – 1932
- Travellers Companies Inc – 2009
- UnitedHealth Group Inc – 2012
- Salesforce Inc – 2020
- Verizon Communications Inc – 2004
- Visa Inc – 2013
- Walgreens Boots Alliance Inc – 2018
- Walmart – 1997
- Walt Disney Co – 1991
- 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 Industrial Average
- Dow Jones Transportation Average (Includes 20 transportation companies)
- Dow Jones Utility Average (Includes 15 US utility stocks)
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:
- The Wall Street Journal
- Financial News
- MarketWatch
- Barron’s
Strategies
Various investment and trading strategies can be employed to speculate on the Dow Jones via brokers that offer the index. Popular examples include:
- Top ten – This strategy involves making a balanced investment between the 10 Dow Jones stocks with the highest dividend yield at the start of the year. After holding these stocks for the rest of the year they can be sold following the same pattern. This strategy is known to have favourable results over the longer-term. Many Dow Jones brokers support this investment system
- Swing trading – This involves making trades that last a couple of days up to several months. The purpose is to take advantage of an anticipated price move to make a profit and usually involves buying the stock at the top of a cup in a price chart with a stop-loss order placed at the most recent low in the cup
- Scalping – This is a fast-paced strategy that involves making numerous small profits from minor price changes that occur throughout the day
- Range trading – By paying attention to live trading charts and graphs it’s possible to make predictions on Dow Jones futures and use this to determine buy and sell decisions
- News-based investing – This strategy involves buying and selling stocks based on the news and media announcements surrounding respective companies. If a stock receives attention it is likely to fluctuate depending on if the news is positive or negative
- High-frequency trading (HFT) – These strategies involve using algorithms to take advantage of small or short term changes in the market to make a profit
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. The best Dow Jones brokers offer detailed statistics and data on the constituents of the index.
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.