Day trading is commonly associated with the real big dogs of Wall Street. Whether you're just looking to get started, or if you're already a pro, we collected the best online brokers for day trading in 2019 for European citizens. After thorough research and discussion with experienced day traders, we picked the top 5 brokers. We highly recommend all 5 to you. And without further ado:
Our top 5 picks for the best brokers for day trading of 2019 for Europeans:
- TradeStation Global is the winner. Low trading fees. Wide range of products. Fast and relevant customer service.
- XTB in the second place. Fast deposit and withdrawal. Fast and user-friendly account opening. Good research tools.
- Tastyworks rounded out the top three. Low options trading fees. Great education materials. Very good customer service.
- FXCM, numero quatro. Low trading fees and financing rates. Good technical research tools. Fast and straightforward account opening.
- XM. Low trading fees. Easy and fast account opening. Great educational tools. Just made it to the list with being number five.
| Name | Info | Score | |
|---|---|---|---|
| #1 | TradeStation Global | UK-based global broker | 4.5 |
| #2 | XTB | Global CFD and FX broker | 4.5 |
| #3 | Tastyworks | US options and stockbroker | 4.5 |
| #4 | FXCM | UK-based forex broker | 4.3 |
| #5 | XM | Global CFD and FX broker | 4.4 |
All 5 brokers are considered safe. They are regulated by top-tier financial regulators.
What makes a broker good for day trading? The fees for complex products and the financing rates are essential to consider. A good desktop trading platform is also crucial for monitoring the minute-by-minute changes on the market. Withdrawal conditions should not be neglected either. And finally, the product offering and the expertise in these products is essential as well.
Trading on a daily basis can be exciting and you can reap big money with it. But it's important to note that whether you trade with your own money, or with leverage, day trading is highly risky and you can also make quite big losses. We advise you to do it if you consider yourself an experienced trader. If you wanna learn more about trading in general, check out our articles on becoming a trader and managing your own portfolio.
Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.
(Boring, but important stuff: some of these brokers offer CFD products. They are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have a clue what a CFD is, start with these CFD trading tips.)
And now, let's go over the best online brokers for day trading in 2019 for European citizens one by one. Starting with the winner, TradeStation Global.
#1 Best online broker for day trading
TradeStation Global
4.5
5 stars
TradeStation is a US broker, and it offers TradeStation Global for non-US clients through its UK subsidiary.
TradeStation Global is practically Interactive Brokers's service, not TradeStation's. You can reach IB's markets almost at IB's fees. You can trade on both IB's and TradeStation's desktop platform. The customer service is by TradeStation. This is like you buy a British Airways flight ticket and then the plane is operated by Delta.
Both Interactive Brokers and TradeStation are very reputable brokers. Both have stock exchange listed parents and are regulated by top-tier regulators.
TradeStation Global is considered safe because it is regulated by the top-tier FCA, the UK regulator.
Recommended for traders looking for low fees and a lot of products
- Low trading fees
- Wide range of products
- Fast and relevant customer service
- Not user-friendly deposit and withdrawal
- Complicated account opening
- Under-developed web trading platform
#1 TradeStation Global
Fees
4 stars
TradeStation Global has low trading fees and high non-trading fees. Its financing rates are very competitive as well. On the other hand, there are withdrawal and inactivity fees.
- Low financing rate
- Withdrawal fee
- $10 inactivity fee
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| EURUSD | $2.4 | $1.1 | - | $1.1 | $1.4 |
| US Options | $15.0 | - | $5.0 | - | - |
| US Futures | $17.5 | - | $12.5 | - | - |
| US stock CFD | $1.5 | $8.1 | - | - | $0.9 |
#1 TradeStation Global
Web trading platform
2 stars
For trading online, you can use only Interactive Brokers' web trading platform. It is good for execution and has very advanced order management. It is not user-friendly and standard functions are missing or underdeveloped.
- Clear fee report
- Good variety of order types
- Not user-friendly
- Poor search function
- Difficult to set the alerts
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Charting tool quality | Great | Great | Poor | Great | Mid-range |
| Number of technical indicators | 170 | 23 | 0 | 50 | 31 |
#1 TradeStation Global
Deposit and withdrawal
2 stars
TradeStation Global deposit and withdrawal is the same as Interactive Brokers. There are many base currencies, and one free withdrawal per month. On the flip side, only bank transfer.
- Several account base currencies
- No charge for the first withdrawal every month.
- Credit/Debit card not available
- Slow withdrawal - over 3 days
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $45 | $0 | $0 |
| Withdrawal Time | 2 days | 1 day | >3 days | >3 days | 2 days |
#1 TradeStation Global
Markets and products
5 stars
TradeStation Global has a great product offer. You can reach many markets and trade with all product types.
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | Yes | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | Yes | Yes |
#1 TradeStation Global
Verdict
TradeStation Global has low trading fees and financing rate, a lot of products on a lot of markets, and a great customer support. The TradeStation Global desktop platform has great tools, like a charting tool with a lot of indicators, a highly customizable watchlist (Radar Screen), and visualized order placing (Matrix).
On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. The account opening is complicated and there is a $1,000 minimum account balance. Lastly, the web trading platform is under-developed and not user-friendly.
Feel free to try TradeStation if you prefer low fees and a lot of products.
| TradeStation Global | |
|---|---|
| Summary | TradeStation Global is a discount broker for EU clients. It is regulated by the top-tier FCA. |
| Fees score | |
| Recommended for | Traders looking for low fees and a lot of products |
#2 Best online broker for day trading
XTB
4.5
5 stars
Best CFD broker
XTB is primarily a forex and CFD broker, while in some countries you can also trade with stocks. XTB is a global broker with more than ten offices worldwide. In Europe, it serves clients via the UK or a Polish entity. We tested the UK entity but will provide info on all entities.
XTB is listed on the Warsaw Stock Exchange. A listed company is more transparent, as it discloses its financials regularly. XTB is authorized and regulated by different regulators, including the UK FCA.
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.
Recommended for forex and cfd traders looking for great funding and withdrawal processes and research tools
- Fast deposit and withdrawal
- Fast and user-friendly account opening
- Good research tools
- Limited product portfolio, mostly CFD and FX
- Sales team can be pushy
- No 24/7 customer support
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76% of retail CFD accounts lose money
#2 XTB
Fees
4 stars
XTB has average trading fees and low non-trading fees.
- Low non-trading fees
- No withdrawal fee
- No inactivity fee
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| EURUSD | $2.4 | $1.1 | - | $1.1 | $1.4 |
| US Options | $15.0 | - | $5.0 | - | - |
| US Futures | $17.5 | - | $12.5 | - | - |
| US stock CFD | $1.5 | $8.1 | - | - | $0.9 |
More
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76% of retail CFD accounts lose money
#2 XTB
Web trading platform
4 stars
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, we missed the two-step login, the leverage setting option and the more sophisticated order types.
- User-friendly
- Good search function
- Good customizability (for charts, workspace)
- No two-step (safer) login
- Limited order types
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Charting tool quality | Great | Great | Poor | Great | Mid-range |
| Number of technical indicators | 170 | 23 | 0 | 50 | 31 |
More
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76% of retail CFD accounts lose money
#2 XTB
Deposit and withdrawal
5 stars
XTB's deposit and withdrawal are cost-friendly, fast, and can be done in several forms. Fees for electronic wallet deposits are quite high.
- Credit/Debit card available
- Quick deposit and withdrawal - within 3 days
- User-friendly
- High fees for electronic wallet deposits
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $45 | $0 | $0 |
| Withdrawal Time | 2 days | 1 day | >3 days | >3 days | 2 days |
More
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76% of retail CFD accounts lose money
#2 XTB
Markets and products
2 stars
UK residents, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with stocks and ETFs.
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | Yes | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | Yes | Yes |
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76% of retail CFD accounts lose money
#2 XTB
Verdict
XTB is a good broker. It is regulated by more than 10 authorities globally, including the UK FCA, and it is listed on the Warsaw Stock Exchange.
On the plus side, the deposit and withdrawal process is fast. We liked the seamless and hassle-free account opening. The research tools are easy-to-use.
XTB has some drawbacks though. Its product range is mainly limited to FX and CFDs, but there are stocks trading is also available in some countries. When opening the account the sales team can be pushy. We also missed the 24/7 customer support.
We recommend XTB for clients who prefer forex and CFD trading and are looking for fast account opening, cheap money withdrawal and great research tools. Feel free to test it via the demo account.
| XTB | |
|---|---|
| Summary | XTB is a global CFD broker, listed on the Warsaw Stock Exchange, regulated by regulators, like FCA and KNF, the polish regulator. |
| Fees score | |
| Recommended for | Forex and CFD traders looking for great funding and withdrawal processes and research tools |
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76% of retail CFD accounts lose money
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#3 Best online broker for day trading
Tastyworks
4.5
5 stars
Best for options
tastyworks is a young, upcoming US broker focusing on options trading.
The people behind tastyworks are proven experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned, established in 2017 and headquartered in Chicago.
tastyworks is considered safe as it is regulated by a top-tier regulator, the US FINRA.
Recommended for price sensitive equity and option traders focusing on the us
- Low options trading fees
- Great education materials
- Very good customer service
- Only US options, futures, and stocks
- Can be intimidating for beginners
- Trading platforms have some bugs
#3 Tastyworks
Fees
4 stars
tastyworks has low trading fees and average non-trading fees. Its options fees are very low as well.
- Low trading fees
- No inactivity fee
- Transparent fee structure
- Withdrawal fee
- High financing rate
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| EURUSD | $2.4 | $1.1 | - | $1.1 | $1.4 |
| US Options | $15.0 | - | $5.0 | - | - |
| US Futures | $17.5 | - | $12.5 | - | - |
| US stock CFD | $1.5 | $8.1 | - | - | $0.9 |
#3 Tastyworks
Web trading platform
4 stars
Tastyworks web trading platform feels like entering the cockpit of a plane. It looks organized, but also complicated at first sight.
- Clear fee report
- Good search function
- Great options trading panel with embedded strategies
- Limited customizability (for charts, workspace)
- Can be intimidating for beginners
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Charting tool quality | Great | Great | Poor | Great | Mid-range |
| Number of technical indicators | 170 | 23 | 0 | 50 | 31 |
#3 Tastyworks
Deposit and withdrawal
2 stars
tastyworks deposit and withdrawal can be improved. The account can be opened only in USD. Also, non-US citizens can only use bank transfer, and there is high withdrawal fee.
- No deposit fee
- User-friendly
- Credit/Debit card not available
- High withdrawal fee
- Only one account base currency
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $45 | $0 | $0 |
| Withdrawal Time | 2 days | 1 day | >3 days | >3 days | 2 days |
#3 Tastyworks
Markets and products
1 stars
At tastyworks you can trade with US stocks, ETFs, options, and some futures.
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | Yes | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | Yes | Yes |
#3 Tastyworks
Verdict
tastyworks is an excellent broker for options trading. It could be a bit complicated if you want to trade stocks only.
tastyworks is a US broker, hence investor protection scheme is excellent. Options fees are very low, among the bests. Its trading platform is aimed at experienced options traders, it can be intimidating for starters.
As there is no minimum deposit, no inactivity or monthly fee, and the account open is seamless, feel free to try it.
| Tastyworks | |
|---|---|
| Summary | Tastyworks is a young US options and stockbroker. It is regulated by FINRA, the top-tier US regulator. |
| Fees score | |
| Recommended for | Price sensitive equity and option traders focusing on the US |
#4 Best online broker for day trading
FXCM
4.3
4 stars
Best technical tools
FXCM, or Forex Capital Market, is a London-based forex broker that also offers some CFDs. FXCM was established in 1999 and has two main shareholders: Jefferies Financial Group and Global Brokerage. Both parent companies are listed on stock exchanges.
FXCM is considered safe, as it is regulated by top-tier financial authorities, like the UK FCA and the Australian ASIC.
FXCM is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% 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.
Recommended for forex traders looking for easy account opening, funding, and withdrawal processes
- Low trading fees and financing rates
- Good technical research tools
- Fast and straightforward account opening
- Limited product portfolio
- Poor mobile platform
- Poor desktop trading platform
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73.62% of retail CFD accounts lose money
#4 FXCM
Fees
4 stars
FXCM offers low trading fees and average non-trading fees.
- Low trading fees
- No withdrawal fee
- Transparent fee structure
- Low financing rate
- Inactivity fee
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| EURUSD | $2.4 | $1.1 | - | $1.1 | $1.4 |
| US Options | $15.0 | - | $5.0 | - | - |
| US Futures | $17.5 | - | $12.5 | - | - |
| US stock CFD | $1.5 | $8.1 | - | - | $0.9 |
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73.62% of retail CFD accounts lose money
#4 FXCM
Web trading platform
3 stars
FXCM's trading platform is extremely customizable. It also offers a lot of order types. On the other hand, there is no two-step login and setting alerts is a pain.
- Clear fee report
- Good customizability (for charts, workspace)
- Available in several languages
- No two-step (safer) login
- Setting alerts is complicated
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Charting tool quality | Great | Great | Poor | Great | Mid-range |
| Number of technical indicators | 170 | 23 | 0 | 50 | 31 |
More
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73.62% of retail CFD accounts lose money
#4 FXCM
Deposit and withdrawal
4 stars
There are several options both for deposit and withdrawal. Also, the deposit is free of charge. On the negative side, withdrawal can be slow.
- Credit/Debit card available
- No deposit fee
- User-friendly
- Slow withdrawal - over 3 days
- Withdrawal fee for bank transfer can be high
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $45 | $0 | $0 |
| Withdrawal Time | 2 days | 1 day | >3 days | >3 days | 2 days |
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73.62% of retail CFD accounts lose money
#4 FXCM
Markets and products
1 stars
At FXCM you will only have access to some forex, some CFDs, and Bitcoin trading.
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | Yes | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | Yes | Yes |
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73.62% of retail CFD accounts lose money
#4 FXCM
Verdict
FXCM has low trading fees and financing rates. Its technical research tools are high quality and well organized. It also offers fast and straightforward account opening.
However, FXCM only offers forex, some CFDs and cryptos. Their mobile and desktop trading platforms need an update, as they are outdated and not user-friendly.
Feel free to try FXCM. There is no minimum deposit, and the inactivity fee only kicks in after a year.
| FXCM | |
|---|---|
| Summary | FXCM is a UK-based forex broker offering forex and CFD trading. FXCM is regulated by the UK FCA and the Australian ASIC. |
| Fees score | |
| Recommended for | Forex traders looking for easy account opening, funding, and withdrawal processes |
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73.62% of retail CFD accounts lose money
#5 Best online broker for day trading
XM
4.4
4 stars
XM was founded in 2009 and it is Global CFD and FX broker. It is authorized and regulated by top-tier regulators, like the UK FCA or Australian ASIC.
XM is considered safe because it has a long track record and is regulated by top-tier regulators.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.61% 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.
Recommended for forex and cfd traders looking for metatrader platforms and low trading fees
- Low trading fees
- Easy and fast account opening
- Great educational tools
- Only CFDs and forex offered
- Limited research tools
- Inactivity fee
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71.61% of retail CFD accounts lose money
#5 XM
Fees
4 stars
XM has low trading and average non-trading fees.
- Low trading fees
- No withdrawal fee
- Inactivity fee
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| EURUSD | $2.4 | $1.1 | - | $1.1 | $1.4 |
| US Options | $15.0 | - | $5.0 | - | - |
| US Futures | $17.5 | - | $12.5 | - | - |
| US stock CFD | $1.5 | $8.1 | - | - | $0.9 |
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71.61% of retail CFD accounts lose money
#5 XM
Web trading platform
3 stars
The web trading platform of XM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.
- Clear fee report
- Good customizability (for charts, workspace)
- Wide variety of languages
- No two-step (safer) login
- No price alerts
- Poor design
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Charting tool quality | Great | Great | Poor | Great | Mid-range |
| Number of technical indicators | 170 | 23 | 0 | 50 | 31 |
More
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71.61% of retail CFD accounts lose money
#5 XM
Deposit and withdrawal
5 stars
XM's deposit and withdrawal are cost-friendly, fast, and can be done in several forms.
- Credit/Debit card available
- No deposit fee
- Quick deposit and withdrawal - within 3 days
- $15 fee for withdrawals less than $200
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $45 | $0 | $0 |
| Withdrawal Time | 2 days | 1 day | >3 days | >3 days | 2 days |
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71.61% of retail CFD accounts lose money
#5 XM
Markets and products
1 stars
At XM, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | Yes | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | Yes | Yes |
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71.61% of retail CFD accounts lose money
#5 XM
Verdict
XM is regulated by more authorities globally, including the top-tier FCA.
On the plus side, the trading fees are low. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.
XM has some drawbacks though. Its product range is mainly limited to FX, CFDs, and cryptos. The research tools are limited, covering mainly some technical tools and technical-based analysis. A monthly $5 fee is charged after three months of inactivity.
We recommend XM for clients who prefer CFD and forex trading and are looking for MetaTrader trading platforms. Feel free to test it via the demo account.
| XM | |
|---|---|
| Summary | XM is a global forex and CFD broker regulated by the UK FCA, the Australian ASIC and the Cypriot CySec. |
| Fees score | |
| Recommended for | Forex and CFD traders looking for MetaTrader platforms and low trading fees |
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71.61% of retail CFD accounts lose money
Best brokers for day trading in 2019 for European citizens
What makes a broker good for day trading
Now you know the top 5 brokers for day trading for Europeans. Let's go over how we got this list with the help of three points:
- What is day trading?
- Why do we think these brokers are safe?
- What are the most important factors when selecting the best brokers for day trading?
What is day trading?
Day trading means buying and selling financial instruments within the same trading day, even within a couple of minutes. It was once considered an activity only for professionals and financial firms, but it opened up for enthusiasts like you with the 1975 deregulation of commissions in the US, the birth of online trading platforms in the 1990s, and with the stock price volatility of the dotcom bubble.
Most day traders aim to close all their positions before the market closes for the trading day. To be effective, you must be flexible and adjust your techniques to match the ever-changing market conditions. For example, you can use trend following, where the trader assumes that financial instruments which have been rising steadily will continue to rise, and vice versa with falling. Another example is news playing, where you buy a stock which has just announced good news, or selling the stock when they announce bad news.
Are these brokers safe?
As day trading is risky, it's a good shout to consider safety. These brokers are all considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators. Some of them are also listed on an exchange, and some have a banking background.
How did we pick the best brokers for day trading?
We tested brokers based on more than 100 criteria. Below, we will show you the 4 most important criteria to take into account.
| Fees | As you are going to be making multiple trades within the same day, the lower the related fees and margins are the higher your profit can be. |
| Desktop trading platform | This can impact things such as execution speed and price quotes. When you are making trades within the day, a trustable platform with good charting tools is essential. |
| Withdrawal | The cheaper and faster the withdrawal is, the more comfortable day trading experience you are going to have. |
| Products | Most day traders prefer a complex product, like forex or options. It's better to choose brokers with expertise on a specific product. |
Best brokers for day trading in 2019 for European citizens
Bottom line
You saw the details, now let's zoom out. Here are the best brokers for day trading in 2019 for European citizens:
| TradeStation Global | XTB | Tastyworks | FXCM | XM | |
|---|---|---|---|---|---|
| Award | Best CFD broker | Best for options | Best technical tools | ||
| Fees score | |||||
| Web platform score | |||||
| Deposit and withdrawal score | |||||
| Markets and products score |
TradeStation Global is our winner, the best broker for day trading in 2019 for Europeans. Low trading fees. Wide range of products. Fast and relevant customer service
All brokers are considered safe, and a great choice. Watch out, day trading can be risky. If you know enough and are good to go, pick your winner and take the next step in your trading journey. Let us know what you think in the comments section.
Still unsure? Use the broker finder and find the best broker for you.
