End of day trading is a convenient strategy for many traders. By placing your trades at the end of each trading day, you don’t need to spend time watching the markets all day and can avoid being distracted by news. It may also reduce the need for paid real-time data or intraday scanning tools. This page will explain what end of day trading means, the benefits and risks, and how to get started with end of day trading. We will also detail an example.
Trading Brokers in Iraq
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- Demo account
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
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- Demo account
- Regulator: FSC
- Platforms: R StocksTrader, MT4, MT5, TradingView
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- Demo account
- Instruments: CFDs, Forex, Indices, Shares, Commodities
- Regulator: ASIC, CySEC, FSCA, FSC
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- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
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- Demo account
- Regulator: ASIC, CySEC, FSCA, BVI FSC
- Platforms: Web Platform, MT4, MT5, TradingCentral
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- Demo account
- Platforms: eToro Web, CopyTrader, TradingCentral
- Min. deposit: $50
61% of retail CFD accounts lose money. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- XM 4.8/5 XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.
- RoboForex 4.5/5 RoboForex is an online broker, established in 2009 and registered with the FSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
- FBS 4.3/5 Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions.
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
- Markets.com 4.4/5 Established in 2008, Markets.com is a long-standing, multi-regulated broker with oversight from the CySEC and FSCA. It offers unique features to track hedge fund moves and insider trades, while providing stock signals to alert traders to market opportunities. Its choice of accounts (Classic to Professional) caters to all levels of active trader. 72.3% of retail accounts lose money.
- eToro 4.0/5 eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. 61% of retail CFD accounts lose money.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| XM | 3132 | ||||
| RoboForex | 777 | ||||
| FBS | 10213 | ||||
| BlackBull | 3517 | ||||
| Markets.com | 1257 | ||||
| eToro | 32228 |
XM
With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years.
Christian Harris, Reviewer
XM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
- Regulator
- CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, ZAR
Pros
- XM’s growing roster of 1,400+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
- XM secured a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates in late 2025, strengthening its regulatory credentials and making it a strong option for traders in the Middle East.
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
Cons
- XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.
- Although trusted and generally well-regulated in some regions, XM also has global entities registered with the weak regulators like FSC (Belize) and FSA (Seychelles), whilst UK clients are no longer accepted, reducing its market reach.
RoboForex
RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists.
Christian Harris, Reviewer
RoboForex quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto
- Regulator
- FSC
- Platforms
- R StocksTrader, MT4, MT5, TradingView
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR
Pros
- The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
- RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.
- RoboForex secured the 'Best Forex Broker 2025' title in DayTrading.com's Awards after broadening their FX offering, cutting spreads and opening up services in various countries.
Cons
- Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the FSC in Belize, lowering the level of regulatory protections for traders.
- Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
- RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.
FBS
FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.
Christian Harris, Reviewer
FBS quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities
- Regulator
- ASIC, CySEC, FSCA, FSC
- Platforms
- FBS App, MT4, MT5
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, AUD, JPY
Pros
- The introduction of the FBI Assistant has given active traders useful, AI-powered intelligence to assess charts and patterns with potential trade ideas that can be executed in one click.
- The trading firm has picked up over 90 awards and amassed more than 27 million clients, making it one of the largest and most established brokers globally.
- 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.
Cons
- Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
- Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
- There are only four base currencies available - EUR, USD, AUD and JPY (region dependant) - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
Cons
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
Markets.com
Markets.com is best suited to retail investors who trade frequently but don’t want to calculate commissions, thanks to its spread-only pricing (EUR/USD around 1.3 pips). It especially appeals to short-term traders who value fast execution, flexible asset choice spanning 2,200+ instruments and proprietary tools like hedge fund confidence indices and insider trade alerts.
Christian Harris, Reviewer
Markets.com quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds
- Regulator
- ASIC, CySEC, FSCA, BVI FSC
- Platforms
- Web Platform, MT4, MT5, TradingCentral
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK, CHF, PLN, CZK
Pros
- Markets.com provides commission-free trading on most assets with spreads starting from around 0.6 pips on major forex pairs, making it cost-effective for casual traders.
- Markets.com’s Hedge Fund Confidence and Insider Trading tools pulls SEC filings into the dashboard within 24 hours of disclosure, helping to spot fund moves and C-suite buys before most retail newsfeeds updated.
- Switching between the proprietary web platform (great for alerts and quick analysis) and MT5 (strong for algorithmic EAs) was smooth in our tests; positions synced across desktop, web, and mobile without gaps or re-quotes.
Cons
- The proprietary web platform felt a bit basic once we pushed into advanced charting with fewer drawing/indicator options than full TradingView or MetaTrader.
- During sign-up, we hit unclear account type explanations and got stuck in an email verification loop that locked us out for an hour - way less streamlined than other brokers we’ve tested.
- Inactivity charges kick in after just 3 months, while variable spreads are wider than top ECN brokers during testing, which may deter day traders and high-frequency traders.
eToro
eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers.
Christian Harris, Reviewer
eToro quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
- Regulator
- FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC
- Platforms
- eToro Web, CopyTrader, TradingCentral
- Minimum Deposit
- $50
- Minimum Trade
- $10
- Account Currencies
- USD, EUR, GBP, AUD, DKK
Pros
- eToro introduced automated crypto staking (except for Ethereum which requires opt-in) providing a route to passive income.
- The eToro Club entry barrier has been lowered, with a $4.99/month subscription providing access to 18 perks, including a debit card that turns shopping into equities with 4% back in shares.
- There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses.
Cons
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
- The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software.
- There are limited contact methods aside from the in-platform live chat.
What Is End Of Day Trading?
An end of the day trading strategy simply means to make trading decisions very near to, or after the markets close. Whereas day traders watch charts all day, opening and closing trades when they choose, end of day traders typically trade at the close or the open.
Some stocks and ETFs can also be traded after hours, depending on the broker and venue, but liquidity may be lower, spreads may be wider and orders may be harder to execute at the expected price. The SEC highlights these as key extended-hours trading risks.
End of day trading can reduce the temptation to react to intraday news and price noise, though traders remain exposed to overnight announcements, earnings releases and market gaps. End of day trading setups allow you to cut out the noise, can often lead to cheaper rates, and enable you trade with limit or stop orders. Although it is sometimes discussed alongside day trading, end-of-day trading often overlaps with swing trading, especially when positions are held overnight. This strategy is useful for people who want to continue working their day job, though they will need to understand how their broker applies relevant day trading rules.
What Time Does End Of Day Trading Start?
Before we get into the details, let’s first look into when end of day trading starts. The correct definition for ‘end of day’ trading depend on which markets you are trading, whether in the UK or elsewhere. For shares and ETFs, it is usually tied to the relevant exchange close. For forex, it is more often tied to a broker’s daily candle close or the end of a major trading session.
For forex, “end of day” is less straightforward than for equities because spot FX trades across a decentralised 24-hour market during the trading week. However, liquidity and volatility often concentrate around the major regional sessions, especially London, roughly 8am to 4pm UK time, New York, roughly 8am to 5pm Eastern Time, and the London–New York overlap, roughly 1pm to 4pm UK time. Traders may therefore plan entries and exits around session closes or around their broker’s daily candle close.
In general, traditional day trading is when you see more market participants which leads to higher liquidity. However, end of day trading often sees a high volume of activity as many traders unwind their positions and close trading for the day.
So, to figure out what time day trading ends, check your local markets of interest.
Strategy Example
Placing your orders at the end of a trading day means you can still use the same intraday strategies. Many traders use swing trading on stocks or forex, using the end of day method. It’s simply the timing of when you place your trades that is different.
The best end of day trading methods use software to implement strategies. The system will create pending orders for the next day while time is effectively paused (i.e. when no trades are occurring).
One common end-of-day forex method is breakout trading. Traders use this approach to try to enter when price moves out of a low-volatility range. The aim is to catch the early part of a larger move, but false breakouts are common and results depend heavily on market conditions, execution and risk management.
Breakout traders aim to enter when a quiet market begins to expand into a stronger move. This can sometimes capture the early part of a trend, but false breakouts are common and losses can accumulate if the strategy is not tested and managed carefully.
To trade a breakout, you need to wait for a low volatility range to form. You then enter a trade on the first move outside the range that has formed. Here is an example.
The key to breakout trading is that you have larger winning trades than you have losing trades. To help achieve this, you can place a stop-loss. A stop-loss can help define risk, but it does not guarantee execution at the chosen price. Traders should also account for slippage, gaps and changing liquidity.
Some traders place stops beyond the range or use volatility-based measures such as recent average movement. There is no universally optimal percentage stop-loss; the appropriate level depends on the currency pair, timeframe, volatility and the trader’s risk tolerance. For example, many traders measure between a 0.5% and 2% move of the currency and place the stop-loss there – many consider 1.5% a good level to keep the win rate high.
You also want to put a profit target on the next major level. To identify this level, you can look at a weekly chart for the nearest support and resistance level.
Benefits Of End Of Day Trading
There are several benefits to the end of day trading:
- Convenience – The process of end of day trading can be more convenient compared to intraday investing. If you have a full-time job, you don’t need to watch the markets all day. Because your analysis starts when the rest of the markets are closing, it means that it does not interfere with your regular job. You can place your orders to go live at the end of the trading day. Your positions will be left open overnight. But your trade adjustments, such as moving your risks to break even, or adjusting the profit levels are easier to manage.
- Cheaper rates – If you are trading stocks or futures, for example, you may need to pay fees for intraday data. You may also pay other fees such as transaction costs and a software charge. End of day trading is all about trading with closing prices. Many online brokers do not charge for this service. Because the end of day prices are widely available from everywhere, you do not have to pay additional sums to gain real-time market data. Scanning tools are also relatively cheaper when it comes to end of day trading.
- Limit or stop orders – End of day trading means you’ll likely need to use limit or stop orders. Some online brokerages charge a higher fee when you trade with market orders. This is because the execution costs are high. Resting limit orders can add liquidity and may attract different pricing on some venues, but this depends on the broker, market and order type. A marketable limit order may execute immediately and remove liquidity.
- Discipline – End of day trading can make you more disciplined. You are using just a few hours a day to analyse the markets to create a trading plan. Because your attention is more focussed, the temptation of overtrading and the emotional influences of daily news announcements should be reduced.
Downsides Of End Of Day Trading
Despite some benefits, there are several downsides to end of day trading:
- Missing overnight developments – The biggest risk is that you are trading when the markets are less active. This puts you at risk of overnight market developments. For example, when earnings are released, prices tend to gap significantly. Because you are trading just once a day, at the closing hours of the markets, it can leave your positions vulnerable to overnight market movements.
- Less active risk management – With day trading you can manage your risk efficiently. This is because you are constantly monitoring the markets. This isn’t the case with end of day trading. There’s a chance you’ll make huge profits, but an equal or greater risk your stops may be triggered before you have a chance to adjust your risk settings, and in fast or gapping markets they may execute at a worse price than expected..
- Liquidity – You are also at risk of reduced liquidity with end of day trading. As a result, there is a chance that your limit orders will not be triggered at the price you wanted.
- Earnings season – Earnings timings are something to be wary of when end of day trading. Because most companies tend to release their earnings before the market opens or after the market closes, you can expect to see pre-market and after-market pricing turn volatile.
How To Get Started End Of Day Trading
As with all trading strategies, you first need to find a top broker and fund your account to access daily prices, charts and risk tools. It’s also always worth comparing spreads, platform features, mobile signals and customer support during end of trading hours.
Final Word
End of day trading is a convenient method for anyone who wants to continue working their regular day job. End of day trading allows you to cut the noise and use limit or stop orders to control your trades. It may also reduce the need for real-time data, but traders should still account for spreads, slippage and overnight risk. Make sure you also use a top broker to get started end of day trading.
FAQ
What Is The Difference Between Intraday And End Of Day Trading?
Intraday trading is when forex traders place orders, or open and close positions, while the local market is open. End of day trading is a strategy whereby traders make forex decisions very near to, or after the markets close.
What Is The Best End Of Day Trading Software?
Any top broker will provide you with the best software to support an end of day trading strategy. Look for a broker that provides access to charts, trading signals and risk tools, such as stop losses and limit orders. These will support your technical analysis and may help you become a successful forex trader.
Can You Day Trade At Night?
Overnight trading is the trading that takes place outside of normal trading hours. Bonds have extended trading hours and overnight trading can take place on stocks between 4 am and 9:30 am (when the exchanges open) and 6 pm (when the exchanges close) and 8 pm.
Does High Frequency Investing During End Of Day Trading Affect The Markets?
High-frequency trading and end-of-day price dislocation can affect the markets. Firstly, more competition is accompanied by high-frequency trading and larger volumes, which improve market liquidity. Secondly, more competition may mean that high-frequency traders adapt their strategies and engage in more speculative trades, which can impact market liquidity.
Can You Trade At The End Of The Trading Day With Robinhood?
Robinhood offers extended-hours trading. This means you’ll be able to trade during pre-market and after-hours sessions. That equals an extra two and a half hours of market access, each day.
Can You Trade ETFs With End Of Day Trading?
Trading for stocks and ETFs typically closes at 4 pm ET, but unlike with mutual funds, you can continue trading stocks and ETFs in the after-hours market.