We found 11 online brokers that are appropriate for Trading Day Trading Forex.
Forex day trading consists of closing and opening trades in a day. Remember, day trading is easy to practice in any market, such as index markets, stock market and Forex markets. Day trading refers to a short-term style of trading.
In Forex day trading, different types of practices may result in capital loss. You must create a trading strategy as per your needs. There is no specific formula for success in Forex trading. Sufficient market knowledge is necessary to design your trading plan.
You cannot be a day Forex trader if you like short term or long-term trading. For day trading Forex, you must have sufficient time to evaluate the markets and monitor them throughout each day. If you are occupied during the day with employment, you may find it difficult to manage day trading forex.
Make sure to keep yourself updated on the current economic news. It is essential to make trading decisions at the start of the day. You must have sufficient time to evaluate your trade. With a full-time position, you may find it difficult to manage between trading and work.
Traders may focus on the averaging down practice. It may rarely intend to, but several traders may end up doing it. Averaging down may have different problems in the Forex market. It may increase the chances of losing positions and sacrificing money.
A considerable return is required on remaining capital to recover lost capital from a preliminary losing trade. Losing massive amounts of money on each trade may cripple the growth of capital for a longer duration. Averaging down may increase the chances of a margin call or significant losses.
Remember, day traders are susceptible to these problems. The small timeframe of trades indicates short-lived opportunities, and instant exists become necessary for poor trades.
If you want to maximize intraday profits as a day trader, you can use one or more trading strategies given below.
If you look at an extended time frame chart and determining a general trend, it is known as trend trading. After establishing an overall trend, you may move to a smaller timeframe chart and evaluate trading opportunities in a specific direction
With the help of the short period chart, you will get the idea of time for entries. It is essential to determine the entire trend by evaluating the time frame. Indicators prove helpful to confirm a trend. After determining an overall trend, it is easy to move to a smalltime frame and check entries in a similar direction.
This trade has lots of similarities with trend trading, but after determining the trend, you will check trades in the opposite direction. You must look for the end of one trend and immediately act once the trend is reversed. Remember, this process has some risks but offers enormous payouts.
Traders who are interested in this strategy should act quickly to notice the end of each trend to open ones position at the best entry point. You must fight the trend and work against the other traders.
No doubt, it is risky to go opposite to a trend, but you may have surprising rewards of the correct timing. If you understand the current price action, countertrend trading may be the best choice.
It is also known as channel trading because this strategy begins with a comprehension of the current price action. Traders may inspect patterns of the chart to recognize typical lows and highs during a day. Make sure to monitor the differences between high and low points closely.
If the cost is increasing to a support level or decreasing to the level of resistance, a trader can choose between selling and buying as per the direction of the market. For long-term day trading, you can sell at a high price and buy at a low cost.
Range trading needs sufficient volatility to manage the movement of price for a duration. Meanwhile, volatility should not cause break out of price and initiates new trends.
If you focus at the variety a pair made during particular hours and place trades on both sides, you can hope to catch breakouts in both directions. It can be effective when one pair features a strict range because the pair can make a significant move.
Make sure to set yourself in a way to catch the wave with every move. Breakout trading allows you to determine one range where resistance and support are holding actively.
We've collected thousands of datapoints and written a guide to help you find the best Day Trading Forex for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best day trading forex below.
There are a number of important factors to consider when picking an online Day Trading Forex 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 Forex.
Compare Day Trading Forex min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are day trading forex. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more day trading forex that accept day trading forex clients
Broker |
IC Markets
![]() |
eToro
![]() |
Roboforex
![]() |
AvaTrade
![]() |
XTB
![]() |
Pepperstone
![]() |
XM
![]() |
NordFX
![]() |
FP Markets
![]() |
Trading212
![]() |
Plus500
![]() |
Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules |
Min Deposit | 200 | 10 | 1 | 100 | No minimum deposit | 200 | 5 | 1 | 100 | 1 | 100 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 180,000+ | 27,000,000+ | 10,000+ | 300,000+ | 250,000+ | 89,000+ | 3,500,000+ | 10,000+ | 10,000+ | 15,000,000+ | 15,500+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with etoro |
Sign
Up with roboforex |
Sign
Up with avatrade |
Sign
Up with xtb |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with nordfx |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
Sign
Up with plus500 |
Risk Warning | Losses can exceed deposits | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. | Losses can exceed deposits | Losses can exceed deposits | 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 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. | 73% 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. |
Demo |
IC Markets Demo |
eToro Demo |
Roboforex Demo |
AvaTrade Demo |
XTB Demo |
Pepperstone Demo |
XM Demo |
NordFX Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Excluded Countries | 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 | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, PY, HN, GT, PR, NI, VG, AN, | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY | US, CA, EU, RU, SY, KP, CU | US, JP, NZ | US, CA | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE |
You can compare Day Trading Forex 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 Forex for 2022 article further below. You can see it now by clicking here
We have listed top Day trading forex below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.