Russell 2000

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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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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.
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William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Updated

Russell 2000 brokers allow clients to trade stocks and exchange-traded funds (ETFs) from the small-and medium-cap equities market in the US. Launched in 1984, it forms a part of the Russell 3000 index which acts as a benchmark for more than $9 trillion worth of assets. This guide will detail how to choose Russell 2000 brokers alongside information on historical prices, average returns, live charts, and listed constituents.

Russell 2000 Brokers

These are the 10 best brokers for trading on the Russell 2000:

Click a broker for details
  1. 1
    AvaTrade

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

    0.01 Lots
    1:30 (Retail) 1:400 (Pro)
    ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
    WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
    Skrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, Boleto
    USD, EUR, GBP, CAD, AUD
  2. 2
    Pepperstone
    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

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

    $0
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
    CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
    MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
    Visa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, Skrill
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  3. 3
    IC Markets

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

    $200
    0.01 Lots
    1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
    ASIC, CySEC, FSA
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
    MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
    PayPal, Skrill, Neteller, Visa, UnionPay, Wire Transfer, Rapid Transfer, Mastercard, POLi, BPAY, Credit Card, Klarna, Swift, SafeCharge
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  4. 4
    Eightcap

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

    $100
    0.01 Lots
    ASIC, FCA, CySEC, SCB
    CFDs, Forex, Stocks, Indices, Commodities
    MT4, MT5, TradingView
    Neteller, Skrill, Visa, UnionPay, Credit Card, Debit Card, Bitcoin Payments, Wire Transfer, FasaPay, BPAY, PayPal, Dragonpay, PIX Payment
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  5. 5
    DNA Markets

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

    $100
    0.01 Lots
    ASIC
    CFDs, Forex, Indices, Commodities, Stocks, Crypto
    MT4, MT5
    Credit Card, Debit Card, Wire Transfer, BPAY, Skrill, Neteller, Bitcoin Payments, Bitwallet, AstroPay, Mastercard
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  6. 6
    eToro

    Ratings
    4.8 / 5
    4 / 5
    4.5 / 5
    3 / 5
    4 / 5
    3.5 / 5
    4.5 / 5
    4.5 / 5
    4.8 / 5
    4 / 5

    $50
    $10
    FCA, ASIC, CySEC, FSA, FSRA, MFSA
    CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds
    eToro Web, CopyTrader, TradingCentral
    Visa, Skrill, Neteller, Wire Transfer, Rapid Transfer, Swift, Debit Card, iDeal, Klarna, Sofort, PayPal, Trustly, Przelewy24
    USD
  7. 7
    IC Trading

    Ratings
    2.8 / 5
    3.5 / 5
    3 / 5
    4 / 5
    4 / 5
    2.8 / 5
    3 / 5
    2.2 / 5
    4.8 / 5
    4.6 / 5

    $200
    0.01 Lots
    1:500
    FSC
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
    MT4, MT5, cTrader, AutoChartist, TradingCentral
    PayPal, Neteller, Mastercard, Visa, Wire Transfer, Debit Card, Credit Card
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  8. 8
    IG

    Ratings
    4.9 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.8 / 5
    4.5 / 5
    4.9 / 5
    5 / 5
    4.6 / 5
    4 / 5

    $0
    0.01 Lots
    1:30 (Retail), 1:250 (Pro)
    FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
    Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
    PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
  9. 9
    FxPro

    $100
    0.01 Lots
    1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
    FCA, CySEC, FSCA, SCB, FSC
    CFDs, Forex, Stocks, Indices, Commodities, Futures
    FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
    Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Maestro, Mastercard, Visa
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN
  10. 10
    XTB
    78% of retail accounts lose money.

    Ratings
    4.5 / 5
    4 / 5
    4 / 5
    4.3 / 5
    4 / 5
    4.3 / 5
    4.1 / 5
    3.8 / 5
    4.7 / 5
    4.1 / 5

    $0
    0.01 Lots
    1:30 (EU) 1:500 (Global)
    FCA, CySEC, KNF, CNMV, DFSA, FSC
    CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs
    xStation
    PayPal, Visa, Mastercard, Wire Transfer, Paysafecard, Skrill, Credit Card, Debit Card, Maestro, Neteller
    USD, EUR, GBP, HUF

Here is a short overview of each broker's pros and cons

  1. AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
  2. 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.
  3. 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.
  4. Eightcap -
  5. DNA Markets - DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.
  6. eToro - 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. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.
  7. IC Trading - IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.
  8. IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand 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.
  9. FxPro - Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.
  10. XTB - Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.

AvaTrade

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

Rebecca Holden, Reviewer

AvaTrade Quick Facts

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

Stock Exchanges

AvaTrade offers trading on 15 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • Deutsche Boerse
  • Euronext
  • Hang Seng
  • IBEX 35
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • Russell 2000
  • SIX Swiss Exchange
  • Shanghai Stock Exchange
  • Shenzhen Stock Exchange
  • Taiwan Stock Exchange
  • Toronto Stock Exchange

Pros

  • Day traders can access stable spreads and zero commissions with no hidden fees
  • The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
  • Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools

Cons

  • 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
  • A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
  • Traders from the US are not accepted

Pepperstone

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

Christian Harris, Reviewer

Pepperstone Quick Facts

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

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

  • Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
  • 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.
  • Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.

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.
  • 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.

IC Markets

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

Christian Harris, Reviewer

IC Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
RegulatorASIC, CySEC, FSA
PlatformsMT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Minimum Deposit$200
Minimum Trade0.01 Lots
Leverage1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

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

  • 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.
  • IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.

Cons

  • Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
  • The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
  • There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.

Eightcap

"Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."

Christian Harris, Reviewer

Eightcap Quick Facts

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

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

  • 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.
  • 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.
  • 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

  • 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.
  • 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.

DNA Markets

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

Jemma Grist, Reviewer

DNA Markets Quick Facts

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

Stock Exchanges

DNA Markets offers trading on 14 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange
  • Toronto Stock Exchange

Pros

  • DNA Markets offers top-rate platforms and charting tools for day traders with access to MT4 and MT5
  • Short-term trading strategies are permitted including scalping and automated trading using Expert Advisors (EAs)
  • You can access low trading fees with spreads from 0.0 pips in the Raw account and zero non-trading fees

Cons

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

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 AccountYes
InstrumentsCFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds
RegulatorFCA, ASIC, CySEC, FSA, FSRA, MFSA
PlatformseToro Web, CopyTrader, TradingCentral
Minimum Deposit$50
Minimum Trade$10
Account CurrenciesUSD

Stock Exchanges

eToro offers trading on 24 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
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Stock Exchange
  • Nasdaq
  • Nasdaq Nordic & Baltics
  • National Stock Exchange Of India
  • New York Stock Exchange
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange
  • Shanghai Stock Exchange
  • Taiwan Stock Exchange
  • Tokyo Commodity Exchange

Pros

  • Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators
  • The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo
  • Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program

Cons

  • The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software
  • There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
  • Traders will face currency conversion fees for account denominations other than USD

IC Trading

"With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "

Christian Harris, Reviewer

IC Trading Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
RegulatorFSC
PlatformsMT4, MT5, cTrader, AutoChartist, TradingCentral
Minimum Deposit$200
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Stock Exchanges

IC Trading 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

  • IC Trading offers unusual flexibility in its accounts, enabling traders to open up to 10 live and 20 demo accounts, meaning you can run separate profiles for different activities, such as manual trading and algo trading.
  • The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.
  • IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.

Cons

  • The educational resources are greatly in need of improvement, unless you navigate to the IC Markets website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
  • Despite being part of the trusted IC Markets group, IC Trading is authorized by a weak regulator - the FSC of Mauritius, with limited financial transparency and regulatory safeguards.
  • Customer support performed woefully during testing with multiple attempts to connect via live chat and no one available to assist, plus unanswered emails, raising concerns about its ability to address urgent trading concerns.

IG

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."

Christian Harris, Reviewer

IG Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
RegulatorFCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA
PlatformsWeb, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:250 (Pro)
Account CurrenciesUSD, 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
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis

Cons

  • 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
  • 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

FxPro

"FxPro is best for experienced traders looking for wide market access, premium research tools and advanced charting platforms. The competitive fees and fast execution will serve serious short-term traders, whilst the BnkPro investment service will appeal to those looking for long-term e-money solutions."

Christian Harris, Reviewer

FxPro Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Futures
RegulatorFCA, CySEC, FSCA, SCB, FSC
PlatformsFxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN

Stock Exchanges

FxPro offers trading on 13 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
  • Nasdaq
  • New York Stock Exchange
  • Russell 2000
  • SIX Swiss Exchange

Pros

  • There are 4 superior day trading platforms, including a proprietary solution with over 50 indicators, 7 chart types and an impressive 15 chart time frames
  • Comprehensive analysis and trading tools are available for seasoned traders, including signals powered by Trading Central and VPS hosting
  • There's an interactive learning center for beginners with tests, courses, video tutorials and webinars

Cons

  • FxPro's services are mainly geared towards experienced investors and beginners may find the broker's fees and accounts complex
  • The broker charges a $10 inactivity fee after 6 months of account dormancy, though this is more lenient than many brokers
  • There's no copy trading service, which reduces the appeal for strategy providers looking to earn extra revenue

XTB

"XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "

Christian Harris, Reviewer

XTB Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs
RegulatorFCA, CySEC, KNF, CNMV, DFSA, FSC
PlatformsxStation
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (EU) 1:500 (Global)
Account CurrenciesUSD, EUR, GBP, HUF

Stock Exchanges

XTB offers trading on 17 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Bombay Stock Exchange
  • 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
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange

Pros

  • Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders.
  • XTB offers fast withdrawals with same-day payments if requested before 1 pm, ensuring day traders have quick access to their funds.
  • The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders.

Cons

  • XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
  • Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months.
  • Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.

How To Compare Russell 2000 Brokers

What Is The Russell 2000?

The Russell 2000 is a stock market index that tracks the value of 2000 of the smallest publicly tradable companies in the USA. Alongside the Russell 1000 index, it forms the Russell 3000 index, which comprises more than 95% of all tradable equity on the US stock market when measured by market capitalization. Just over half of all companies in the Russell 2000 index are from the financial, industrial or healthcare industries.

While two-thirds of the companies in the Russell 3000 index are in the Russell 2000 index, the Russell 2000 only accounts for around 7% of the Russell 3000’s total market cap. This is because the components of the Russell 2000 are small and mid-cap stocks ranked using float-adjusted market cap. Float adjusted means the ranking takes into account the current shares in a company that are available to be publicly traded.

There is a wide range of market cap sizes making up the Russell 2000 as there is no exact definition of the market cap range for small and medium-cap stocks. At the time of writing, the largest market cap of a company on the index is just over $10.5 billion and the median average across the index is around $1 billion.

History

The Russell 2000 index was founded in 1984 by the Frank Russell Company, an asset management and investment firm. It was the first real way to gauge the strength of so many small and medium-cap companies in the US at once. Nowadays, the index is run by the Financial Times Stock Exchange (FTSE) Russell Group and has grown to become a popular method of gauging the health of the entire US equities market.

With the ticker symbol RUT, you can follow live price quotes and look at history charts for the Russell 2000 on websites such as MarketWatch and Yahoo Finance. The best brokers with access to the Russell 2000 also have charts showing time frames ranging from the past few days up to several years ago. The top platforms may also contain fact sheets detailing P/E ratio history, average historical returns, annual returns by year and the total return and dividend yield since the index was launched.

Key Dates

Rules

The Russell 2000’s listings can change each year as companies’ fortunes change and new organizations go public.

For a company to be included in the Russell 2000, it must satisfy the following criteria:

Trading Hours

The opening hours for the index depend on the instrument and exchange you are trading. For instance, futures on the E Mini Russell 2000 index from the CME Globex are tradable between Sunday 6 PM until Friday 5 PM (ET) with a 15-minute break each day starting at 4:15 PM.

Many of the stocks you can trade with Russell 2000 brokers are traded on the NASDAQ, for which the market operating hours are as follows:

However, bear in mind that online Russell 2000 brokers may set their own trading hours.

What Companies Are In The Russell 2000?

There are companies on the Russell 2000 from a wide range of industries such as technology, energy and utilities. As of 2023, the following are the top ten biggest constituents by market cap in the index:

  1. Iridium Communications (IRDM)
  2. Matador Res Co (MTDR)
  3. Crocs Inc (CROX)
  4. Saia Inc (SAIA)
  5. Inspire Medical Systems (INSP)
  6. Emcor Group Inc (EME)
  7. RBC Bearings Inc (RBC)
  8. Halozyme Therapeutics (HALO)
  9. Texas Roadhouse Inc (TXRH)
  10. Shockwave Medical (SWAV)

How To Start Trading The Russell 2000

Select An Instrument

There are several ways to trade the Russell 2000. Among the most popular are:

Stocks

The index is made up of companies from a range of different stock exchanges, so if you want to trade individual stocks you will need to ensure your Russell 2000 brokers provide access to at least one of these.

When selecting the stock or stocks to trade with Russell 2000 brokers, you need to consider volume vs volatility. The trading volume of an asset relates to how many shares of a company are being exchanged over a given time. It is a key metric because it gives an idea of where future price movements could be. For instance, if there are more people investing in a given stock at one time, the price is considered more likely to move and by a larger amount. A by-product of having so many other investors placing buy and sell orders is that there is lower slippage as orders are filled faster. Additionally, the bid-ask spreads are likely to be tighter too.

You also need to account for the volatility of a given stock tradable through Russell 2000 brokers. Volatility relates to how hard it is to predict the frequency and the size of swings in the value of a stock, which can be taken advantage of to generate returns. Generally, during times of low volatility, the price of a stock is not expected to see large fluctuations in price, meaning there may be less opportunity to generate returns. On the flip side, higher volatility stocks are often more attractive for day traders as there are more chances to capitalize on price action with the swings happening so often. The drawback is the added risk as the price can easily swing unfavorably, putting you in a losing position.

ETFs

An exchange-traded fund (ETF) is a collection of assets, typically stocks, that is tracked and traded as a single security. As the name suggests, they can be traded on exchanges, making them easy to access for clients of Russell 2000 brokers.

There are ETFs that track the price of the Russell 2000 by investing in some or all of the index’s stocks. For example, the iShares Russell 2000 ETF which can be traded on the NYSE ARCA is made up of 1,943 of the index’s holdings. Other viable investment options include the SPDR Russell 2000 small-cap ETF, the Xtrackers UCITS ETF, the Vanguard ETF Growth Index Fund and the Fidelity Index Fund. Another popular option is the iShares Russell 2000 Small-Cap Index K which is similar to the Russell 2000 index but it has different sector weighting and so the growth in value can vary.

If you feel that the ETFs that track the performance of the Russell 2000 index closely produce insufficient returns, you can instead invest in leveraged ETFs. Examples include the ProShares Ultra ETF and ProUltra which leverage the Russell 2000 index by 2x and 3x, respectively.
Alternatively, you can invest in inverse ETFs such as the ProShares Short and UltraShort Russell 2000. These are ETFs that track the Russell 2000 with a -1x and -2x inverse multiplier, allowing clients to profit from a decline in the value of the entire index.

Derivatives

Derivative products are a popular way for retail traders to speculate on price movements, with many Russell 2000 brokers offering products that allow them to take advantage of leverage through margin trading.

Derivatives can be traded on individual stocks, ETFs that track the Russell 2000, or using the Russell 2000 index itself as a basis for trades through brokers like eToro. Some of the most popular Russell 2000 derivatives are listed below:

Develop A Strategy

Adopting a strategy is the best way to turn your investments with Russell 2000 brokers into consistent profits. Day trading involves a lot of emotion. Developing a strategy can help you to stay disciplined as you follow a methodical way of investing and avoid rushing into trades. This could involve using certain technical indicators to confirm trends or limiting investment size to reduce risk exposure.

Research Companies & Markets

A good first step is to research the companies with the highest market capitalization as these will have the biggest influence on price movements. You should also take note of the largest markets and sectors represented on the index and research factors that influence these when developing your strategy.

Find A Niche

The index tracks just under 2000 stocks, so finding a niche is another way to streamline the trading process. Whether this is concentrating on a single industry or on certain stocks such as the top 10 by market cap.

There are many stocks you can invest in and many ways in which you can trade so it can be easy to be overwhelmed with too many choices. It may be best therefore to focus your time and effort on just a few securities. By doing so, you learn more about certain companies which can help you to make better predictions on future price movements.

Tips

Practice With A Demo Account

Demo accounts with Russell 2000 brokers are a good way to practice trading. This is especially important if you are unfamiliar with the platform, strategy or stocks you are trading with.

The best brokers with access to Russell 2000 will offer a free paper-trading account with plenty of simulated funds so you can build up experience with the index.

Use Available Resources

To help you stay educated or discover new strategies for trading the Russell 2000, you can use the many resources available online. For example, trading classes, books, ebooks, PDF guides and tutorial videos. Additionally, you can find advice from other investors on forums and communities on websites such as Reddit, Facebook and Discord.

Many Russell 2000 brokers also support trading services such as expert advisors (EA). These are algorithmic trading robots that implement instructions you provide to execute trades. Using an EA is no guarantee you will produce winning results as the bot is simply executing the strategy provided, but it can help to execute a greater number of trades. An EA is particularly useful for day traders that want to enter and exit many positions in a short space of time.

Economic Calendar

An economic calendar is a useful tool that can help you to keep track of important events and news that could impact your portfolio and investments. You can make notes of key dates relating to companies you are investing in. For instance, annual general meetings and expected publications of reports on performance.

Also, make sure you mark significant dates relating to the Russell 2000 index such as the annual reconstitution. All Russell indices are recalibrated annually to accurately reflect the US equities market. For example, if a company’s market cap grows too large for the Russell 2000, it will be moved up to the Russell 1000 index. The reconstitution always happens in June, but the exact dates may vary each year. Furthermore, track the dates when new eligible IPOs are added to the index, which happens each quarter.

Keep A Journal

Using a trading journal to keep track of your trades is helpful for monitoring and improving your performance. This can be done using a physical journal or with software such as Excel and bespoke programs. When you open a position, make a note of the asset, entry price and time as well as details such as why you executed that trade.

Then, after closing, input the exit price and time, the result, the profit or loss and why you exited your position at that time. This information will help you to self-reflect and review your own performance over time.

If you use Excel, you can generate graphs and charts to visualize your performance over time. Certain Russell 2000 brokers allow their clients to export their trading history into a CSV file making it easier to monitor trades in Excel. There are also some dedicated trading journal apps like Edgewonk and TraderSync that automate the journaling process and provide additional analysis tools.

Final Word On Russell 2000 Brokers

The Russell 2000 is a popular index due to its status as a benchmark for the performance of the US equities market. Through Russell 2000 brokers, clients can spot trade as well as open derivatives such as futures, options and CFDs on a range of stocks. Register with one of the top-rated Russell 200 brokers to get started.

FAQs

What Stocks Are In The Russell 2000?

There are around 1,950 stocks in the Russell 2000 index. You can find a full list of all companies in the Russell 2000 index on the FTSE Russell website. Some of the index’s top holdings by market cap include Iridium Communications, the Matador Res Co and Crocs Inc.

What Is The Russell 2000?

The Russell 2000 is an index that tracks 2000 small and medium-capitalization-sized companies in the US. It is often seen as a good way to evaluate the US economy as it accounts for so many small and medium high-growth stocks. You can trade on the Russell 2000 through one of the many listed stocks or through ETFs such as Global X Russell 2000 Covered Call ETF and the Schwab Index Fund.

Are Russell 2000 Brokers Regulated?

Many of the best Russell 2000 brokers hold licenses with regulatory bodies such as the Financial Industry Regulatory Authority (FINRA) in the US or the Financial Conduct Authority (FCA) in the UK. You can confirm if a broker is regulated by checking the license number on the regulator’s database.

How Do You Short The Russell 2000?

You can either take a short position with a CFD or by opening a put options contract. Another way is to trade against the Russell 2000 by investing in inverse and leveraged short ETFs such as the ProShares Short Russell 2000 -3X ETF.

Are Russell 2000 ETFs The Best For Trading?

To determine if the Russell 2000 is the best ETF for trading you should compare it with other index ETFs. For example, the S&P500, S&P600, NASDAQ index, Russell 1000 and Russell 3000. To do this, consider factors such as historical returns, volatility and performance forecasts.

Where Can I Track The Russell 2000 Index?

Websites such as Yahoo Finance and MarketWatch are good options for tracking the Russell 2000 index with the symbol RUT. Both sites provide useful information on instruments such as futures and ETFs with lists detailing recent contracts. The top Russell 2000 brokers also offer live price charts and graphs with the latest data on the index.