1. Home

Best Day Trading Platforms and Brokers in Ireland 2024

Written By

Jemma Grist

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.

» Jemma Grist Profile Page

Fact Checked By

James Barra

Fact Checked 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.

» James Barra Profile Page

Updated

Apr 5, 2024

The best day trading platforms in Ireland offer short-term opportunities on popular markets, such as stocks from Euronext Dublin, convenient deposits through EUR accounts, and oversight from a trusted regulator like the Central Bank of Ireland.

Discover the best brokers for day trading in Ireland. All platforms have been rigorously tested using real money and demo accounts.

Top 5 Platforms For Day Trading In Ireland

After analyzing hundreds of brokers, these 5 platforms continue to stand out as the best for day trading in Ireland:

1. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
2. 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.
3. 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.
4. 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.
5. 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.

Best Day Trading Platforms and Brokers in Ireland 2024 Comparison

Best Day Trading Platforms and Brokers in Ireland 2024 Comparison

Broker	EUR Account	Minimum Deposit	Markets	Platforms	Leverage	Visit
	✔	$100	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting	WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade	1:30 (Retail) 1:400 (Pro)	Visit
	✔	$5	CFDs, Multipliers, Forex, Stocks, Indices, Commodities	Deriv Trader, MT5	1:1000	Visit
	✔	$0	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade	1:30 (Retail), 1:500 (Pro)	Visit
	✔	$5	Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	MT4, MT5	1:30	Visit
	✔	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto	MT4, MT5, TradingView	1:30	Visit
	✔	$50	CFDs, Forex, Indices, Commodities	MT4, MT5	1:30	Visit
	✔	$100	CFDs, Forex, Indices, Commodities, Stocks, Crypto	MT4, MT5	1:500	Visit
	-	$50	CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs	eToro Web, CopyTrader, TradingCentral	1:30	Visit
	✔	€200	CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets	MT4, MT5	1:30 (Retail), 1:500 (Pro)	Visit
	✔	$20	Forex, CFDs, Stocks, Indices, Commodities, Crypto	MT4	1:1000	Visit
	✔	$0	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)	MT4	1:500 (entity dependent)	Visit
	✔	$100	Forex, CFDs, Stocks, Indices, Commodities and Cryptos	Skilling Trader, MT4, cTrader, TradingView	1:30 (Retail) 1:200 (Pro)	Visit
	✔	$0	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral	1:30 (Retail), 1:222 (Pro)	Visit
	✔	$10	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos	Web Platform, Mobile App	-	Visit
	✔	$0	Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos	MT4, MT5, cTrader, TradingView, AutoChartist	1:500	Visit

#1 - AvaTrade

Visit

Review

Why We Chose AvaTrade

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

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
• Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
• Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
• Minimum Deposit: $100
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail) 1:400 (Pro)

Pros

• The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
• 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

Cons

• There is no ECN account with raw spreads
• Traders from the US are not accepted
• 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

Visit AvaTrade

#2 - Deriv.com

Visit

Review

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

• Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
• Regulator: MFSA, LFSA, VFSC, BFSC
• Platforms: Deriv Trader, MT5
• Minimum Deposit: $5
• Minimum Trade: 0.01 Lots
• Leverage: 1:1000

Pros

• Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
• The low $5 minimum initial deposit suits those on a lower budget
• The free demo account is ideal for practicing short-term trading strategies and no registration is required

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+

Visit Deriv.com

#3 - Pepperstone

Visit

Review

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

• Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
• Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
• Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
• Minimum Deposit: $0
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail), 1:500 (Pro)

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.
• Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
• Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.

Cons

• 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.
• 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.

Visit Pepperstone

#4 - XM

Visit

Review

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.

• 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
• Leverage: 1:30

Pros

• 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries
• Accessible trading accounts with a $5 minimum deposit and fast account opening
• XM is a hugely respected broker authorized by tier-one regulators

Cons

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

Visit XM

#5 - Eightcap

Visit

Review

Why We Chose 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.

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
• Regulator: ASIC, FCA, xCySEC, SCB
• Platforms: MT4, MT5, TradingView
• Minimum Deposit: $100
• Minimum Trade: 0.01 Lots
• Leverage: 1:30

Pros

• 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.
• 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.

Cons

• 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.
• 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.
• 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

Choosing A Day Trading Broker In Ireland

Drawing on the decades of experience across our expert team, we focus on several areas when identifying the best day trading platforms:

Regulation & Trust

We routinely verify the regulatory status of each broker, to determine what level of financial protection day traders will receive.

The best platforms are authorized by one or more Green Tier regulators, which offer the highest standards of safeguarding. This typically includes measures like negative balance protection, which prevents you from losing more than your balance. They also enforce security measures to help protect against day trading scams.

The Central Bank of Ireland (CBI) is the regulator responsible for overseeing investment firms in Ireland. That said, other European regulated brokers can also provide services to Irish traders under the EU’s cross-border initiative.

In light of scam brokers hitting the Irish market, such as High Trade Pro FX, the Central Bank of Ireland recommends carrying out a sense check of any broker you are considering:

• Double-check the URL and contact details of the broker
• Check that the product being offered to you is present on the broker’s website
• Check the regulator’s list of unauthorized firms

Jemma Grist

Author

Day Trading Markets

Brokers with an excellent suite of financial markets provide the widest range of day trading opportunities, from forex and commodities to cryptocurrencies and IPOs.

For Irish traders, in particular, many leading platforms will offer EUR currency pairs, including EUR/USD, as well as Irish stocks listed on the Euronext Dublin, such as Bank of Ireland (BIRG) and Ryanair (RYA).

For day traders, assets will often be tradable via contracts for difference (CFDs), which allow you to speculate on rising and falling prices without owning the actual asset.

That said, we also look out for other popular products with Irish traders, including spread betting, providing a tax-free way to speculate on financial markets over short-term horizons.

Leverage Trading

Leverage allows you to scale up your buying power whilst only putting down a small deposit (margin), playing a pivotal role in many short-term trading strategies.

For instance, opening a position in shares of Kerry Group PLC (KRZ) with leverage of 1:5 would give me €500 in purchasing power with a €100 margin, amplifying profits and losses 5x.

Importantly, risk management is vital when day trading with leverage – serious losses can wrack up in volatile markets.

Charting Platforms

The best day trading brokers in Ireland offer reliable charting platforms with a terrific selection of technical tools.

MetaTrader (MT4) and MetaTrader 5 (MT5) remain the staple options at most brokerages. However, we increasingly favor brokers that deliver more contemporary, user-friendly software, such as TradingView.

Execution Speed & Quality

Securing optimum trading conditions is vital for day traders executing strategies in fast-moving markets, such as volatile Irish stocks like Allied Irish Banks (AIB) and Corre Energy BV (CORRE).

We look at important metrics such as execution speeds, fill rate and slippage data, which help to indicate how efficiently orders are executed. Based on our own trading experience and analysis, we like to see execution speeds of less than 100 milliseconds.

Pricing

Active day traders who deal frequently and in large volumes need the most affordable brokers. This will ensure transaction costs are kept as low as possible, protecting profit margins.

Our exhaustive testing process involves checking spreads on popular markets, such as the EUR/USD, various stocks and leading indices, during the most active times of the day. We also consider any commission charges, as well as inactivity and funding fees.

Other services, such as VPS solutions and third-party tools, may also come with a one-off fee or monthly subscription. As such, we assess whether such charges are reasonable for the overall service and quality provided.

Methodology

To find the best platforms for day trading in Ireland, we took our database of around 500 brokers and considered their overall suitability for Irish traders, notably:

FAQ

Who Regulates Day Trading Brokers In Ireland?

The Central Bank of Ireland is the regulator responsible for overseeing day trading brokers in Ireland.

Ireland also falls under the European Union’s passporting scheme, allowing approved regulators to provide services to Irish traders.

Which Is The Best Day Trading Broker In Ireland?

Our list of the best day trading brokers in Ireland will help you determine which platform is best for your needs.

Each brokerage is regulated by a trusted authority, offers convenient EUR accounts for Irish traders and provides access to a range of popular financial markets with short-term trading opportunities.

How Much Capital Do I Need To Start Day Trading In Ireland?

Our analysis shows that most brokers require a minimum deposit of less than €250 to start day trading in Ireland.

That said, some budget-friendly platforms let you start with no minimum deposit – among the highest-rated are Pepperstone and Blackbull Markets.