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27 Day Trading Forex Brokers and Platforms

 

Overview

Day trading is a style of trading where traders practice the buying and selling of Forex in a short timeframe, typically in a day. Day trading is largely focused on the volatility of the Forex market and the harnessing thereof.

 

 

Day traders often make great use of leverage to open larger positions despite their initial deposits or the balance in their trading accounts. This provides ample opportunity for great gains, but it presents traders with equal amounts of risks to losing their funds.

 

 

Day trading may sound easy, but it is a challenging strategy to learn and master, and a lot of traders subsequently risk losing a substantial amount of capital if they do not apply this strategy correctly.

Some common day trading strategies include:

  • Scalping
  • Fading
  • Daily Pivots
  • Momentum
  • Following the trend
  • Trading the news, and more.

 

Here are our Top 10 Handpicked Day Trading Brokers and Platforms:

 

  1. ✔️FBS

 

Let’s get started with the full breakdown of the 27 Day Trading Forex Brokers and Platforms.

 

OctaFX

 

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5

🌐 Regulators

SVGFSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Very Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Official Website

 

Overview

Established in 2011, OctaFX is an online trading broker based in Saint Vincent and the Grenadines. OctaFX is a well-established ECN and STP broker which offers traders numerous financial instruments to trade over powerful trading platforms.

 

Pros and Cons

✔️PROS ❌ CONS
Strictly regulated US Clients not allowed
Commission-free trading offered Limited tradable financial instruments offered
Fixed spread accounts offered
Negative balance protection offered
Hedging and scalping allowed

 

Features

Feature Information
Regulation FSA SVG, CySEC
Minimum deposit from $100
Average spread from 0.0 pips
Commissions from $0.02
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

 

FBS

 

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

250

☪️ Islamic Account

No

📊 Trading Fees

Low

Welcome bonus

$140 (Find out More)

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FBS

 

Overview

FBS is a reputable ECN and STP broker based in Belize which serves millions of registered traders from over 190 worldwide countries. FBS offers traders competitive trading conditions and comprehensive trading solutions.

When trading through FBS, traders can expect tight spreads, low commission charges, adequate leverage, fast execution, and more.

 

Pros and Cons

✔️PROS ❌ CONS
Well-regulated Several countries restricted including the US, UK, Japan, Israel, and others
Ultra-low minimum deposit requirement Limited tradable assets
Social trading supported High spreads on some accounts
Multiple account types offered Limited trading platform and tools offered
Competitive trading conditions

 

Features

Feature Information
Regulation IFSC, CySEC
Minimum deposit from $1
Average spread from 0.0 pips
Commissions from $6
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:3000
Bonuses Yes
Customer Support 24/7

 

XM

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Overview

Established in 2009, XM is an online trading broker which serves more than 2.5 million traders from around 196 countries. XM offers traders some of the best trading conditions in the industry.

Traders are offered tight spreads that start from 0.0 pips, low commission charges, transparent fee schedules, and more.

 

Pros and Cons

✔️PROS ❌ CONS
Strict regulation No US Clients
Negative balance protection No Fixed spreads
Competitive trading conditions
Variety of accounts to choose from
Tight spreads and low commission

 

Features

Feature Information
Regulation FCA
Minimum deposit from $5
Average spread from 0.0 pips
Commissions from $1
Deposit/Withdrawal Fees None
Maximum Leverage 1:888
Bonuses Yes
Customer Support 24/5

 

Exness

 

Overall Rating

4.9/5

Rated #2 of 
Recommended FX Brokers

💰Minimum Deposit

$10

💰Sign-up bonus

No

🌐 Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

97

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker Website

 

Overview

Exness is a reputable and strictly regulated online trading broker which has been in operation since 2008. Exness is based in Saint Vincent and the Grenadines, Cyprus, and in the UK with respective regulations for each jurisdiction that it serves.

Traders have access to an array of financial instruments when trading through Exness along with the provision of comprehensive trading conditions that cater to various types of traders.

 

Pros and Cons

✔️PROS ❌ CONS
Well-regulated US Clients not allowed
High maximum leverage offered No Multi-currency account opening options
Powerful trading platforms offered
Variety of tradable financial instruments
Tight spreads that start from 0.0 pips

 

Features

Feature Information
Regulation CySEC, FCA, SFSA
Minimum deposit from $1
Average spread from 0.0 pips
Commissions from From $3.5 per lot per side
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:2000
Bonuses None
Customer Support 24/5

 

Forex.com

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2011, Forex.com is a reputable online trading broker offering its services and trading solutions to more than 200,000 registered traders.

Traders have the opportunity to trade in various global markets through Forex.com’s provision of financial instruments over different asset classes.

As one of the leading global online trading brokers, Forex.com has earned the trust and loyalty of numerous traders from around the world.

 

Pros and Cons

✔️PROS ❌ CONS
Strictly Regulated Limited payment methods
US Clients welcome Fixed spreads not offered
Advanced, powerful trading platforms
Advanced trading tools offered
Execution scorecard

 

Features

Feature Information
Regulation ASIC, CFTC, FCA, FSA, IIROC, JFSA, NFA
Minimum deposit from $50
Average spread from $0.11 on XAU/USD
Commissions from $0 – $5
Deposit/Withdrawal Fees No
Maximum Leverage 1:50
Bonuses Yes – Active Trader
Customer Support 24/5

 

InstaForex

 

Overall Rating

4.8/5

Rated #40 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

CySEC, FSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

4

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️Visit Broker

 

Overview

Established in 2007, Instaforex is a popular, well-regulated online trading broker which offers its comprehensive services and solutions to more than 7 million registered traders from around the globe.

Traders have access to trade in more than 300 financial instruments spread over different access classes. Trades can easily and seamlessly be executed through advanced and user-friendly trading platforms offered and supported by InstaForex.

 

Pros and Cons

✔️PROS ❌ CONS
Strict regulation US Clients not allowed
More than 300 financial instruments Restricted leverage of 1:30 for EU-Clients
Commission-free accounts Market Maker broker
Free VPS
PAMM Accounts offered

 

Features

Feature Information
Regulation CySEC, BVI, SVGFSA
Minimum deposit from $1
Average spread from 0.0 pips
Commissions from 0.03%
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses Yes
Customer Support 24/5

 

Pepperstone

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

📱 Trading Desk

MetaTrader 4, MetaTrader 5 and cTrader, TradingView

Crypto

Yes

📈 Total Pairs

1000+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2010, Pepperstone is a popular online trading broker which offers both STP and ECN-pricing in addition to cutting-edge technology, tight spreads, low latency, and fast execution speeds.

Traders are offered a dynamic trading experience when trading with Pepperstone in addition to access to an array of financial instruments.

 

Pros and Cons

✔️PROS ❌ CONS
Strictly regulated US Clients not allowed
Award-winning customer support Fixed spread accounts not offered
Competitive trading conditions offered
Social trading supported
Hedging and scalping allowed

 

Features

Feature Information
Regulation ASIC, FCA, DFSA
Minimum deposit from $200
Average spread from 1 pip
Commissions from AU$3.5
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

 

City Index

 

Overall Rating

4.7/5

Rated #226 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, MAS

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

City Index has been in operation since 1983 and offers traders some of the best trading conditions in addition to STP and ECN-pricing. City Index has a long history of providing some of the best, most competitive trading solutions and conditions.

Traders can trade in numerous global markets by having access to a variety of financial instruments.

 

Pros and Cons

✔️PROS ❌ CONS
Strictly regulated US Clients not allowed
Tight spreads, low fees, and superior execution speeds Limited payment methods supported
Negative balance protection offered Fixed spreads not offered
Advanced platforms and tools
Trading signals provided

 

Features

Feature Information
Regulation ASIC, FCA, MAS
Minimum deposit from $100
Average spread from 0.5 pips
Commissions from $0
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

AvaTrade

 

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

AvaTrade is one of the most popular trading platforms in the industry. It is an award-winning, well-established, multi-regulated broker which offers dynamic trading solutions and services along with an array of financial instruments.

When using AvaTrade to facilitate trading, traders have a choice between more than 250 tradable financial instruments that can be traded in global markets. AvaTrade makes adequate provision for advanced, intuitive, and powerful trading platforms.

 

Pros and Cons

✔️PROS ❌ CONS
Multi-regulated through reputable regulatory entities No US Clients
Award-winning broker Variable spread accounts not offered
Fixed and tight spreads from 0.9 pips Only one account type is offered for retail and professional traders
Zero-commission trading
Variety of trading platforms and social trading through ZuluTrade

 

Features

Feature Information
Regulation ASIC, BVI, CBI, FFAJ, FSA, FSCA
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from $0
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses Yes
Customer Support 24/5

 

Plus500

 

Overall Rating

4.9/5

Rated #55 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA

Crypto

Yes (Availability subject to regulations)

📱 Trading Platform

WebTrader

📈 Total Pairs

70

📊 Trading Fees

Low

🕒 Account Activation Time

Varies

🏛️ Visit Broker

 

Overview

Established in 2008, Plus500 is a reputable and regulated broker which has regulation and authorization in numerous jurisdictions.

Plus500 offers traders the opportunity to trade in numerous global markets by offering over 2,000 tradable financial instruments. These can be traded through Plus500’s innovative, advanced, user-friendly proprietary trading platforms.

Plus500 offers comprehensive trading solutions and competitive trading conditions to a great number of traders from around the world.

 

Pros and Cons

✔️PROS ❌ CONS
Well-regulated by numerous entities High inactivity fee
Multilingual support Withdrawal fees are charged, and withdrawal conditions are strict
Segregated accounts for client funds Limited payment methods supported
A large variety of financial instruments No choice between accounts or trading platforms
Low and competitive trading fees The desktop version of the trading platform not available

 

Features

Feature Information
Regulation CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Minimum deposit from $100
Customer Support 4/7
Commissions from $0
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:30
Bonuses Yes

 

IC Markets

 

Overall Rating

4.7/5

Rated #37 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

ASIC, CySEC, FSA, SCB

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IC Markets is a popular, well-regulated, and reputable online trading broker based in Australia and established in 2007. Since its inception, IC Markets has worked to gain the trust of numerous traders from around the world with its comprehensive trading solutions.

Traders have access to more than 230 financial instruments when using IC Markets to facilitate their trades. IC Markets offers competitive trading conditions consisting of tight spreads, low commission charges, and more.

 

Pros and Cons

✔️PROS ❌ CONS
Strictly regulated by ASIC No US Clients allowed
Low fees and tight spreads Fixed spreads not offered
Various trading styles supported
Social trading supported
Competitive trading conditions

 

Features

Feature Information
Regulation ASIC
Minimum deposit from $200
Average spread from 0.0 pips
Commissions from $3
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

AxiTrader

 

Overall Rating

4.6/5

Rated #70 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, DFSA, FCA, FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

66

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Axi

 

Overview

AxiTrader is a well-regulated online trading broker which has been in operation since 2007. AxiTrader offers its online trading services and solutions to a variety of traders from around the world.

Traders can expect some of the best trading conditions when trading through AxiTrader in addition to having a competitive edge to their trading. Traders are offered some of the tightest spreads, commission-free trading, and more.

 

Pros and Cons

✔️PROS ❌ CONS
Strict regulation US Clients not allowed
Zero-commission trading options Fixed spreads not provided
MetaTrader NextGen offered EU Clients have restricted leverage of 1:30
AutoChartist access
Access to PsyQuation

 

Features

Feature Information
Regulation ASIC, FCA
Minimum deposit from $0
Average spread from 0.0 pips
Commissions from $7 per round turn
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

IG

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 1974, IG has a long and impressive history in offering traders dynamic and comprehensive trading solutions and competitive trading conditions. IG is regulated by numerous reputable regulatory entities in offering its services in several jurisdictions.

Traders can trade in financial global markets using the access provided to various financial instruments spread across different asset classes. IG caters extensively to the trading needs and objectives of traders despite their level of experience or trading styles.

 

Pros and Cons

✔️PROS ❌ CONS
Multi-regulated High minimum deposit
Powerful trading platforms offered
Variety of tradable financial instruments
Variety of account types offered
Competitive trading conditions

 

Features

Feature Information
Regulation FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.
Minimum deposit from $250
Average spread from 0.1 pips on Indices
Commissions from 0.10% CFD EU
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None
Customer Support 24/5

 

eToro

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Overview

Founded in 2006, eToro is not only a reputable online trading broker but also the leading social trading platform in the industry. eToro caters extensively to the trade-in of various financial instruments along with providing copy trading and signal sharing options.

Traders have access to an array of financial instruments and the benefit of eToro’s superb and competitive trading conditions.

 

Pros and Cons

✔️PROS ❌ CONS
Regulated by three of the strictest entities namely ASIC, FCA, and CySEC No US clients
Zero-commissions charged No fixed spreads
Large online trading community No Metatrader 4 or 5
Superb social trading platform
Wide variety of financial instruments

 

Features

Feature Information
Regulation ASIC, FCA, CySEC
Minimum deposit from $200
Average spread from 3 pips on EUR/USD
Commissions from $0
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:400
Bonuses None
Customer Support 24/6

 

XTB

 

Overall Rating

4.6/5

Rated #69 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FCA, CySEC, IFSC, KNF

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XTB