Maximum leverage ratios for CFDs vary based on several criteria like account type, region, and asset class. Retail customers who join the FCA, ASIC, and CySEC-regulated versions of the website can benefit from maximum leverage ratios of for major fiat pairs, for other pairs, leading indices, and gold, for other commodities and indices, for shares, and for cryptocurrencies.

Clients who qualify for professional accounts at AvaTrade are exempt from these restrictions and can leverage their positions at maximum ratios of Fusion Markets is a leading CFD brokerage that targets primarily clients from Australia. It was established in by a group of forex veterans that share over fifty years of combined experience.

The Melbourne-based firm provides a decent variety of CFDs across all asset classes. Here you can find leveraged contracts for dozens of fiat currencies, commodities, equity indices, and shares for fifty of the biggest companies in the US.

CFD trading is possible via Zero and Classic accounts, neither of which comes with any minimum deposit requirements. Spreads start at zero, averaging 0. Under ASIC regulations, retail traders can use maximum leverage of for major forex. Fusion Markets does not offer negative balance protection to professional and VFSC clients. The Aussie-friendly brokerage provides various CFD-compatible platforms, including MetaTrader 4, MetaTrader 5, and the browser-based WebTrader MT4.

OANDA has been providing speculative products to traders worldwide since The well-established brokerage has the authorization to operate across multiple regions like Australia, Japan, Canada, the US, and Europe. Clients have access to an extensive range of financial instruments and assets, including CFDs for forex, soft commodities, indices, bonds, and metals. Derivatives like futures and options are not available at OANDA for the time being but spread betting is. Customers must open sub-accounts for spread betting and reside in Ireland or the UK to take advantage of this derivative strategy.

OANDA is a global operation, so the maximum leverage rates it offers to clients vary from one country to another. US retail customers face leverage restrictions of up to , while those from Europe and Australia can leverage their trades at rates of up to Clients residing in other regions can access considerably higher leverage ratios of up to Clients from the EU will benefit from negative balance protection. Those who reside in Asia-Pacific countries can protect themselves from market gapping by using guaranteed stop-loss orders GSLOs.

OANDA does not charge premiums if the GSLOs fail to trigger. Launched by three entrepreneurs from Tel Aviv, eToro debuted in under the brand name RetailFX. The company first incorporated contracts for difference into its portfolio in It presently offers them for a broad range of assets, including crypto and fiat currencies, stocks, indices, energies, and metals.

CFD trading is available to customers from certain jurisdictions only, including Australia, the UK, and the European Union. Clients based in the United States have no access to this derivative product due to local legislative restrictions.

Non-US customers who join eToro face ESMA and ASIC-mandated leverage caps of for retail accounts. Professional traders are outside this limitation, having access to higher leverage maximums of up to Derivative products aside, eToro is also renowned for its social trading network that is home to millions of traders from more than jurisdictions.

The OpenBook platform is cross-compatible and runs seamlessly on all devices. Mobile users will benefit from dedicated apps available for free at the Apple Store and Google Play. FP Markets has been providing regulated online trading services since under the oversight of tier-one financial authorities like CySEC, ASIC, BaFin, and FCA. The renowned global brokerage specializes in CFDs, allowing customers to speculate on thousands of financial instruments. These include over 60 fiat currencies, 10, stocks, major global indices, metals, energies, agricultural commodities, bonds, and decentralized currencies.

Retail clients based in the EU or Australia can maintain maximum leverage of for less volatile instruments like forex majors. Those who cover the criteria for professional traders can inflate their positions with leverage of up to for gold, silver, majors, and minors, for indices, for most energies and platinum, for shares, and for cryptos. FP Markets ensures outstanding low-latency order execution whose speed averages 40 milliseconds.

The brokerage offers competitive spreads that start at zero pips with some of the available account types. Trading at FP Markets is possible via a range of leading platforms, including MT5, MT4, WebTrader, and Iress Trader.

DMA and ECN pricing is available, resulting in more transparent prices, deeper liquidity, and full market depth. com implements a holistic approach toward CFD broker assessment and rating. We look at a variety of criteria that help us adequately evaluate both the pitfalls and the benefits of each trading site we review. Our team relies on hands-on experience as we take the time to personally test the services of each broker we recommend.

We assign individual scores for each criterion, using five-star ratings for the purpose. The final ranking is an aggregate of all scores, accurately reflecting the overall value and performance of each broker. Here are our areas of interest at a glance. Our team inspects who regulates each CFD broker, assigning the highest ratings to the firms licensed by top-tier financial oversight entities like ASIC, the FCA, BaFin, CySEC, and FINMA.

com considers whether the trading sites have account minimum requirements and if yes, how much the minimums are. We check the range of available account types to make sure the broker satisfies the needs of both retail and professional traders.

Last but not least, the team compiles information about the account registration process itself, prioritizing straightforwardness and ease of verification. Our reviewers gather data on the costs associated with trading derivatives at each brokerage, including spreads, overnight holding fees, guaranteed stop-loss fees, inactivity charges, and more. Payment-related costs are another point of interest. Brokers that facilitate free deposits and withdrawals score the highest in this area.

We appraise the range of available platforms, testing each one to evaluate its user-friendliness and features. The team members focus on the overall user experience, the customization options, charting tools, timeframes, technical indicators, and more.

The brokers that perform well in this area enable their clients to trade derivatives on the move from just about any smartphone or tablet. This allows us to appraise their overall compatibility and performance and see whether they match the functionalities of the desktop platforms.

Our team members examine the asset classes available for trading on margin. Brokers that offer more product types earn higher scores than those who only allow you to use leverage for forex pairs, for example.

Customers should be able to leverage their positions across all asset categories, including commodities, shares, bonds, and even cryptocurrencies. The reviewers study the speed of order execution at each trading site as it can significantly impact your long-term bottom line. They also check how the broker routes your trades for execution. Firms that give you direct access to the interbank market via ECN accounts rather than trading against their clients generally stand out with greater price-feed transparency, fewer requotes, and better spreads.

For this area, we appraise various factors, including average response times, communication channels range, service availability, and supported languages. A prompt, professional, and adequate service earns the brokers the highest marks for this category. Everything you find on BrokerChooser is based on reliable data and unbiased information.

Read more about our methodology. Compare brokers. Compare Broker tool. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. COMPARE BROKERS. Compare highest-rated brokers. Interactive Brokers vs Saxo Bank. DEGIRO vs Interactive Brokers.

Saxo Bank vs Swissquote. com vs XTB. Interactive Brokers vs TD Ameritrade. eToro vs XTB. Interactive Brokers vs Tradestation. Fidelity vs Interactive Brokers. com vs eToro. Compare other popular brokers. eToro vs Freetrade. eToro vs Interactive Brokers. DEGIRO vs Trading DEGIRO vs eToro. Plus vs eToro. DEGIRO vs Revolut. eToro vs Trading Compare Digital Banks tool.

Compare digital banks. Best brokers. Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers. FIND MY BROKER. Best brokers by category. Best stock brokers. Best brokers for ETF. Best forex brokers. Best CFD brokers. Best online brokers for crypto trading. Best brokers for futures.

Best brokers for options trading. Best brokers for beginners. Best brokers for ESG trading. Country-specific recommendations. United States. United Kingdom. Trading Platform. Best trading platforms. Best options trading platforms. Best stock trading apps. Broker reviews. Online broker reviews crafted by our team of experts. Fees, minimum deposit requirements, withdrawal, account opening, research tools and more.

We use over 50, data points and a consistent, fact-based methodology. ALL REVIEWS. Highest-rated brokers. Interactive Brokers review. DEGIRO review. Saxo Bank review. XTB review. Charles Schwab review. TD Ameritrade review. eToro review. Merrill Edge review. Fidelity review. com review. Our comprehensive education centre grants every investor access to the latest economic calendars, real-time market news, video lessons, and eBooks covering an extensive range of trading topics.

All Trader House Trading Account owners are provided with a personal Account Manager, who will arrange consultation sessions with you in order to provide personalised training. Practical trading strategies can be executed under the guidance of industry experts empowering you to boost your trading and see this reflected in your trading account balance.

Start Trading. PERSONAL MENTOR Practical training sessions! SUPER FAST ms Execution Speeds!

How did BrokerChooser pick the best brokers for day trading? We checked whether the broker is regulated by a trusted regulator , Compared fees including spreads, withdrawal fee, commission , Checked minimum deposit requirements, Opened an account and tested the platform charting, features, usability with real money.

Save hours of research! Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology. Let's jump straight to the results. BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than brokers reviewed on our site and our team of analysts examines more than 50, data points overall.

Please select another country:. While many online brokers and trading platforms suitable for day trading offer an excellent service, the ones in our toplist go the extra mile.

In most cases, the key broker selection criteria is how much you have to pay for a trade in commission, spreads and other trading costs, so we collected the most important such costs in the table below to help with your calculations.

If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs. Please select your country. Charting is an essential feature for day traders.

We tested the quality of charting services offered by these brokers and checked the number of technical indicators their clients have access to. Our team of analysts assigned a greater weight to certain services offered by these brokers.

Some of the most important aspects they considered were fees, charting tools, product selection as well as withdrawal methods and fees. Trading on a daily basis can be exciting and offers the possibility of winning big.

Whether you trade with your own money or with leverage, keep in mind that day trading is highly risky and you can suffer big losses. We advise that you to start day trading only if you consider yourself an experienced trader. If you want to learn more about trading in general, check out this article on becoming a trader.

Important note : some of these brokers offer CFDs. These are complex and very risky products, thus not suitable for everyone. You can easily lose all your invested money when trading CFDs. To better understand CFDs and the risks involved, read this article on CFD trading tips compiled by our team of experts. The pattern day trade PDT rule is applied to those trading in the US.

The rule was laid out by the Financial Industry Regulatory Authority FINRA of the US to discourage people from trading excessively. You will be considered a pattern day trader if you use a brokerage account regulated by FINRA and you:. There are two methods of counting day trades accepted by FINRA. If you cease your day trading activities, you should contact your broker to discuss the appropriate coding of your account. The pattern day trading rule does not apply to those who are trading in the UK, Europe, India, Australia or most other jurisdictions.

It may apply to traders in Canada if the broker clears trades through the US securities exchange. And now, let's see the top brokers for day trading one by one, starting with the winner, Interactive Brokers. Recommended for traders looking for broad market access and a professional trading environment. Visit broker. Recommended for traders and investors looking for low fees and a wide selection of products.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform. Recommended for investors and traders looking for a great trading platform and solid research. Day trading means buying and selling financial instruments within the same trading day , sometimes even within minutes. Most day traders aim to close all their positions before the market closes for the trading day.

To be an effective day trader, you must be flexible and adjust your techniques to match ever-changing market conditions.

For example, you can employ a trend following strategy, where the trader assumes that financial instruments which have been rising or falling steadily will continue to trend in that direction.

Another example is news playing, where you buy a stock on good news, or sell when the news is negative. To practice day trading, choose a broker that offers a demo account, also called paper trading. These accounts allow you to simulate real trading without using real money. Interactive Brokers and TradeStation, for instance, both have demo accounts. When you practice day trading with a demo account, the best strategy is to use the same broker as you will for real trading. You will thus become familiar with the trading platform and the charting tools, which will boost your confidence once you decide to switch to real money.

This is a distinction used by US regulators to identify traders who execute four or more day trades within five business days on their margin account. Everything you find on BrokerChooser is based on reliable data and unbiased information. Read more about our methodology. Compare brokers. Compare Broker tool. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.

COMPARE BROKERS. Compare highest-rated brokers. Interactive Brokers vs Saxo Bank. DEGIRO vs Interactive Brokers. Saxo Bank vs Swissquote. com vs XTB. Interactive Brokers vs TD Ameritrade. eToro vs XTB. Interactive Brokers vs Tradestation.

Fidelity vs Interactive Brokers. com vs eToro. Compare other popular brokers. eToro vs Freetrade. eToro vs Interactive Brokers. DEGIRO vs Trading DEGIRO vs eToro. Plus vs eToro. DEGIRO vs Revolut. eToro vs Trading Compare Digital Banks tool. Compare digital banks. Best brokers. Not sure which broker to choose?

For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers. FIND MY BROKER. Best brokers by category. Best stock brokers. Best brokers for ETF. Best forex brokers.

Best CFD brokers. Best online brokers for crypto trading. Best brokers for futures. Best brokers for options trading. Best brokers for beginners. Best brokers for ESG trading. Country-specific recommendations. United States. United Kingdom. Trading Platform. Best trading platforms.

Best options trading platforms. Best stock trading apps. Broker reviews.

The best CFD brokerages for beginners are those that boast highly intuitive platforms, making it easy to find your way around and execute leveraged trades. The pattern day trading rule does not apply to those who are trading in the UK, Europe, India, Australia or most other jurisdictions. Are there any commissions for CFD trading? He concluded thousands of trades as a commodity trader and equity portfolio manager. This highly rated brokerage holds licenses from tier-one financial regulators like the FCA, ASIC, and CySEC. Some financial regulators are not satisfied with imposing leverage restrictions for retail consumers.

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