We found 11 online brokers that are appropriate for Trading Day Trading Australia.
Day trading has been one of the most prominent trading styles in Australia.
Traders of various ranges of age are conducting this trading style to make money. Some of them have even left their 9-5 job.
Day trading has tons of irresistible perks so that there’s always a good reason why adding this to your wishlist 2021. But before digging into the real advantages, let’s see the definition first.
Day Trading is a trading activity conducted within the same day. Traders buy and sell financial assets with the aim of making a profit.
Traders will close out the positions at the end of each day and start afresh the next. Day Traders buy and sell multiple assets in the same days.
It is also possible to conduct the trade multiple times within a day. Day trading focuses on following the small market movements.
Folks in Australia have stated about their interests in day trading activity. They are fond of doing this in most of their time.
Many people stated that the Day trading gives them freedom to earn as many as they want. But there are many things that you can also consider so that you can see that Day Trading is a great opportunity for you.
As we know, the key to a successful trading is to make informed decisions. Obviously, you won’t be able to attain that without studying and researching.
Fortunately, there are many free resources that you can utilize to get this information for free.
Of course, you will need to study and equip yourself with at least basic knowledge before finally conducting your first trading activity.
Day Trading has never been more accessible. It is easy to find free resources on the internet, or through resources provided by the Day Trading brokers you join with. From there, you can learn from scratch, from zero to hero.
The brokers will provide you with the necessary tools including the news, charts, stock information, and so on. But if you are a beginner, joining the online Day Trading courses will be a great idea.
There will be no third parties who control you. You won’t be working under your boss’ commands.
You decide to trade by yourself. Even better! You can do this quietly at home without anyone disturbing your activities.
You can trade the moment you wake up, or anytime you want. You are working from home on your computer or smartphone.
Well, during the pandemic, it is normal for most people to work from home. But the difference is that there is no boss or manager who gives you pressure.
You don’t need to fill the paperwork, reports, or notes to report to your boss. You are your own boss! The good thing here is that you don’t even need to deal with your annoying seniors or workmates.
You are in the trading activity for yourself. If you fail, you will lose your money, but you won’t lose your Day Trading job.
If you love the freedom and have been enough with your hectic 9-5 job, you can use Day Trading as your exit. But of course, you need to cover all of the bases first.
While you are still working with your boss, you can learn how the way Day Trading works. You will need to commitment to know the environment well.
You can close your position anytime you want. In the Day Trading, many traders love the flexibility in profiting.
When you close your position before the end of the trading day, you will be able to avoid the settlements. Because you have the control to open and close your position before the trading day is over, you will be away from the stock overnight risks.
We know many people have complained about conventional long-term trading. There have been many people who lost their profits when they wake up in the morning. Because overnight risks aren’t there, you will always have peace of mind while you sleep.
When the market declines, you can use this opportunity to apply the short-selling trading strategies. Obviously, you will be focusing your eyes on the falling stock prices. Usually, these prices are extremely lower than before.
If you have the confidence that the stock prices will increase in the future, then the green light will give you a go.
We can agree that it is easier to start Day Trading than the other types of trading. You don’t even need a license to trade, nor the certification to prove your ability.
But it is suggested to take the courses if you have no idea where and how to start. If you have a compatible device with a decent internet connection, this is enough to help you get started. Many trade with not enough information or research and fail.
Learn all of the basics thoroughly before proceeding. It is wise to equip yourself with all the knowledge you can before jumping into the day trading world. Also, it is very important to weigh the risks of Day Trading.
Many brokers do not clearly disclose the risks to you because they’re afraid to lose clients. But if you know both pros and cons of Day Trading, it will be easier for you to make important decisions later.
We've collected thousands of datapoints and written a guide to help you find the best Day Trading Australia for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best day trading australia below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Day Trading Australia trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Day Trading Australia.
Compare Day Trading Australia min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are day trading australia. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more day trading australia that accept day trading australia clients
Broker |
eToro
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IC Markets
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FP Markets
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Plus500
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Pepperstone
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EasyMarkets
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XM
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Forex.com
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City Index
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Markets.com
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IG
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) |
Min Deposit | 200 | 200 | 100 | 100 | 200 | 100 | 5 | 100 | 25 | 250 | No minimum deposit |
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Used By | 17,000,000+ | 60,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 150,000+ | 14,000+ | 10,000+ | 239,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with fpmarkets |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with forexcom |
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Up with cityindex |
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Up with marketscom |
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Up with ig |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | 74% of retail investor accounts lose money when trading CFDs with this provider | 75% of retail investor accounts lose money when trading CFDs with this provider | 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. |
Demo |
eToro Demo |
IC Markets Demo |
FP Markets Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
Forex.com Demo |
City Index Demo |
Markets.com Demo |
IG Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | BE | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US, BE, FR, IN, IL, PL, ZW |
You can compare Day Trading Australia ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Day Trading Australia for 2021 article further below. You can see it now by clicking here
We have listed top Day trading australia below.