We found 11 online brokers that are appropriate for Trading Level 2 Market Data Investment Platforms.
The market data obtained from level 2 is called level 2 market data. It is more in-depth and can tell more about the security's price action than other data types. For example, it can provide information about the buyers and the sellers engaged in trading stock. Using this information, a trader can get a rough idea of the next possible direction of the stock.
Before we look at the level 2 data in detail, let us have a quick look at some key points.
Level 2 is just another name given to the order book of the Nasdaq listed stocks. When an order is placed in the market, it goes through different market players. By looking at the level 2 data, a person can easily see the best prices (bid and ask) from various market participants. It also tells you about the market's interest at various price levels.
Knowing about the size of orders along with the price levels can provide precious information for both short and long-term traders. For those who are engaged in day trading, the level 2 information becomes a lot more useful.
Normally, you will see three types of data:
For example, ABC securities are buying 10,000 shares of a stock at a price of $105.60. Normally, big market players buy shares in large quantities.
If we look at level 2 data scenarios, the most important information it provides is the market's interest at various price levels. If by looking at the level 2 data, you realise that many buy orders are placed around the $100 price level for a stock, then there is a good chance that the stock may get a boost once it reaches that price level. Similarly, if you see a lot of sell orders at a particular level, then there is a chance that the stock may decline once it reaches that price level.
Of course, reading the level 2 data is a lot more complicated than the scenario given below. Normally, you have to take a quick look at the order flow of both buy and sell orders to guess which side will win. With so many market players, it is common to see the data being updated continuously. That is why it is important to have trained eyes when dealing with the order book or level 2 data.
If we look at the market participants, then we have the market makers. Their main role is to provide liquidity to the traders. When nobody is interested in buying and selling a stock, a market maker must carry out the transaction. In a sense, you can say that the market makers make the market.
ECN, also known as electronic communication networks, are usually automatic order placement systems composed of computers. Through the ECN system, anybody can trade, including the big institutional traders.
In the last, we have wholesalers who work with many online-based brokers. These brokers usually send their orders to these wholesalers. These wholesalers are responsible for the order execution of various brokers, which usually deal with retail traders.
Among the various market makers, the most important one is the AX. To look at the market makers involved in any stock, you will have to look at the order book or the level 2 data for a couple of days. Among the various players, the AX is the one that usually dominates the price action in any given stock. That's why it is prevalent among the day traders who aim to capture quick movements for profits.
These day traders usually only aim for those stocks where the AX market maker is involved since it increases the probability of prices going in their required direction.
However, it must be noted, that the market makers may sometimes use various techniques to send wrong information to the other participants. That is why you need to be careful and watchful when looking at the order book.
We have conducted extensive research and analysis on over multiple data points on Level 2 Market Data to present you with a comprehensive guide that can help you find the most suitable Level 2 Market Data. Below we shortlist what we think are the best Level 2 Market Data Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Level 2 Market Data.
Selecting a reliable and reputable online Level 2 Market Data Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Level 2 Market Data Investment Platforms more confidently.
Selecting the right online Level 2 Market Data Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Level 2 Market Data Investment Platforms trading, it's essential to compare the different options available to you. Our Level 2 Market Data Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Level 2 Market Data Investment Platforms broker that best suits your needs and preferences for Level 2 Market Data Investment Platforms. Our Level 2 Market Data Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Level 2 Market Data Investment Platforms.
Compare Level 2 Market Data Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Level 2 Market Data Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Level 2 Market Data Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Level 2 Market Data Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Level 2 Market Data Investment Platforms that accept Level 2 Market Data Investment Platforms clients.
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IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/27) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Easy Forex Trading Ltd is regulated by CySEC ( License Number 079/07). Easy Forex Trading Ltd is the only entity that onboards EU clients, easyMarkets Pty Ltd is regulated by ASIC ( AFS License No. 246566), EF Worldwide Ltd in Seychelles is regulated by FSA ( License Number SD056), EF Worldwide Ltd in British Virgin Islands is regulated by FSC (License Number SIBA/L/20/1135), | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 40,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Accounts |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 80% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.99% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 65% of retail CFD accounts lose money | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Level 2 Market Data Investment Platforms 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 Level 2 Market Data Investment Platforms for 2025 article further below. You can see it now by clicking here
We have listed top Level 2 Market Data Investment Platforms below.
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