WikiFX Ranking: 5 Reputable Day Trading Brokers for October 2022

What is Day Trading？

Day Trading is a forex trading process during the short term. Traders open and close the trade on the same day. In other words, the trader completed the trading session by the end of the day. It requires traders to have the in-depth market knowledge and precision timing. The goal of day trading is to purchase financial instruments at a relatively low price and sell it at a high price. Day trading is a trading strategy that requires mature trading skills and is not suitable for most traders.

What does a good Day Trading Platform look like？

A good day trading platform must support automated trading solutions and allow third-party solutions to connect. It should offer an excellent charting package, and the broker should have no restrictions on trading strategies or high leverage.

For your convenience, WikiFX recommends 5 excellent day trading platforms. They are AvaTrade, FXTM, FP Markets, InteractiveBrokers(IB), and TD Ameritrade.

AvaTrade

Registered in Dublin, AvaTrade is a solid regulated broker founded in 2006. Avatrade provides mainstream and popular trading products in the international financial market, including forex, stocks & indices, commodities, and various types of CFDs. Forex includes more than 60 currency pairs, and commodities including precious metals, energy, agricultural products, etc. The stock index covers more than 20 world-renowned stock indexes, and more than 600 well-known stocks in Europe and the United States, and provides more than 40 currency pair forex options.

FXTM

Founded in 2011, FXTM is a regulated online forex broker, providing services for foreign exchange, indices, commodities, and more financial instruments. FXTM is regulated in multiple jurisdictions worldwide, with offices in Europe, the Middle East, Africa, Asia, and Latin America, attracting over 2 million clients from over 150 countries worldwide.

FP Markets

FP Markets was established in Australia in 2005. FP Markets is a group of companies that include First Prudential Markets Pty Ltd. FP Markets provides investors with a variety of mainstream and popular tradable instruments on the global financial market, including Forex trading (more than 70 currency pairs can be traded), Stocks trading (tradable stocks across four continents around the world, more than 10,000 stocks), Precious Metals trading, Commodity trading, indices CFD trading, and Cryptocurrency.

InteractiveBrokers(IB)

Interactive Brokers Group, Inc.'s founding member has completed its 43rd year, conducting its broker/dealer business on over 135 market destinations worldwide. Interactive Brokers is headquartered in Greenwich, Connecticut, and has 2,400+ employees in its offices in the USA, Switzerland, Canada, Hong Kong, the UK, and many other places in the world.

In addition to having some of the lowest costs and spreads in the industry, Interactive Brokers' ease of account opening, technological foundation, trading interface, and selection of available instruments all rank among the best in the industry. Equally impressive are the extensive educational offerings, the variety of helpful tools, the responsiveness of the customer service team, the accessibility of many payment options, and the variety of ways to get started.

IB is most suited for seasoned or professional traders, as well as institutions, due to the sophisticated nature of all proposals and the rather high deposit required for various accounts.

TD Amerititrade

TD Ameritrade Hong Kong Ltd. is registered with the Securities and Futures Commission (CE number BJO462) to carry out the regulated activities of dealing in securities and dealing in futures contracts and does not provide tax, legal, or investment advice or recommendations. TD Ameritrade in Hong Kong enables retail investors to trade the U.S. markets by providing access to cutting-edge trading technology, discount commission rates, free education, and outstanding customer service.