Intro and winners
Find below the strengths of the best brokers for day trading for Europeans, updated for 2024:
- Interactive Brokers is the best broker for day trading for Europeans in 2024 - Extremely low fees. Wide range of products. Many great research tools.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- Webull - Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
- Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- tastytrade - Low trading fees. Great educational materials. Good research tools.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- TradeZero - Commission-free stock and ETF trading above a certain volume. Quick and easy account opening. Excellent education and customer support.
- moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
Key features of the best brokers for day trading
While many online brokers and trading platforms suitable for day trading offer an excellent service, the ones in our toplist go the extra mile.
| Broker | Fees class | Minimum deposit |
|---|---|---|
| Interactive Brokers | Low | $0 |
| Charles Schwab | Low | $0 |
| Webull | Low | $0 |
| Oanda | Low | $0 |
| eToro | Low | $10 |
| tastytrade | Low | $0 |
| Fidelity | Low | $0 |
| TradeZero | Low | $250 |
| moomoo | Low | $0 |
| IG | Low | $0 |
Popularity of the best brokers for day trading for Europeans
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Trading fees at the best brokers for day trading
In most cases, the key broker selection criteria is how much you have to pay for a trade in commission, spreads and other trading costs, so we collected the most important such costs in the table below to help with your calculations.
| Broker | US stock | US stock options |
|---|---|---|
| Interactive Brokers | $1.0 | $6.5 |
| Charles Schwab | $0.0 | $6.5 |
| Webull | $0.0 | $0.0 |
| Oanda | $0.0 | - |
| eToro | $0.0 | $0.0 |
| tastytrade | $0.0 | $5.0 |
| Fidelity | $0.0 | $6.5 |
| TradeZero | $0.0 | $5.9 |
| moomoo | $0.0 | $0.0 |
| IG | $10.0 | - |
If you are unsure how brokerage fees work, check out our article on the various fees, charges and costs.
Non-trading fees at the top brokers for day trading
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Account fee | Inactivity fee |
|---|---|---|
| Interactive Brokers | ||
| Charles Schwab | ||
| Webull | ||
| Oanda | ||
| eToro | ||
| tastytrade | ||
| Fidelity | ||
| TradeZero | ||
| moomoo | ||
| IG |
Charting tools at the best brokers for day trading
Charting is an essential feature for day traders. We tested the quality of charting services offered by these brokers and checked the number of technical indicators their clients have access to.
| Broker | Charting quality |
|---|---|
| Interactive Brokers | Great |
| Charles Schwab | Great |
| Webull | Great |
| Oanda | Great |
| eToro | Great |
| tastytrade | Great |
| Fidelity | Great |
| TradeZero | Great |
| moomoo | Great |
| IG | Great |
And now, let's see the top brokers for day trading one by one, starting with the winner, Interactive Brokers.
| Interactive Brokers snapshot | |
|---|---|
| Desktop platform score | 5.0 stars |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Withdrawal methods | Bank transfer |
| Read review | For a detailed analysis of Interactive Brokers services, check out our review for 2024 |
| Charles Schwab snapshot | |
|---|---|
| Desktop platform score | 4.3 stars |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Withdrawal methods | Bank transfer |
| Read review | For a detailed analysis of Charles Schwab services, check out our review for 2024 |
| Webull snapshot | |
|---|---|
| Desktop platform score | 5.0 stars |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Withdrawal methods | Bank transfer |
| Read review | For a detailed analysis of Webull services, check out our review for 2024 |
Visit broker
75% of retail CFD accounts lose money
| Oanda snapshot | |
|---|---|
| Desktop platform score | 4.4 stars |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Read review | For a detailed analysis of Oanda services, check out our review for 2024 |
Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
| eToro snapshot | |
|---|---|
| Desktop platform score | - |
| Minimum deposit | $10 |
| Deposit methods | Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay |
| Withdrawal methods | Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay |
| Read review | For a detailed analysis of eToro services, check out our review for 2024 |
| tastytrade snapshot | |
|---|---|
| Desktop platform score | 3.9 stars |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Withdrawal methods | Bank transfer |
| Read review | For a detailed analysis of tastytrade services, check out our review for 2024 |
| Fidelity snapshot | |
|---|---|
| Desktop platform score | 4.3 stars |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer, PayPal, Venmo, Apple Pay |
| Withdrawal methods | Bank transfer, PayPal, Venmo, Apple Pay |
| Read review | For a detailed analysis of Fidelity services, check out our review for 2024 |
| TradeZero snapshot | |
|---|---|
| Desktop platform score | 4.3 stars |
| Minimum deposit | $250 |
| Deposit methods | Bank transfer |
| Withdrawal methods | Bank transfer |
| Read review | For a detailed analysis of TradeZero services, check out our review for 2024 |
| moomoo snapshot | |
|---|---|
| Desktop platform score | 4.5 stars |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Withdrawal methods | Bank transfer |
| Read review | For a detailed analysis of moomoo services, check out our review for 2024 |
Visit broker
75% of retail CFD accounts lose money
| IG snapshot | |
|---|---|
| Desktop platform score | - |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal methods | Bank transfer, Credit/debit cards |
| Read review | For a detailed analysis of IG services, check out our review for 2024 |
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How did BrokerChooser pick the best brokers for day trading?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- Checked the quality of the desktop trading platform,
- Checked whether the pattern day trading (PDT) rule applies to the broker,
- Checked the availability and fees of popular products to day trade,
- Opened an account and tested the platform (charting, features, usability) with real money.
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 600 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 60,000 data points overall.
FAQ
What is day trading?
Day trading means buying and selling financial instruments within the same trading day, sometimes even within minutes. Most day traders aim to close all their positions before the market closes for the trading day.
To be an effective day trader, you must be flexible and adjust your techniques to match ever-changing market conditions.
For example, you can employ a trend following strategy, where the trader assumes that financial instruments which have been rising (or falling) steadily will continue to trend in that direction. Another example is news playing, where you buy a stock on good news, or sell when the news is negative.
Where can I practice day trading?
To practice day trading, choose a broker that offers a demo account, also called paper trading. These accounts allow you to simulate real trading without using real money. Interactive Brokers and TradeStation, for instance, both have demo accounts.
When you practice day trading with a demo account, the best strategy is to use the same broker as you will for real trading. You will thus become familiar with the trading platform and the charting tools, which will boost your confidence once you decide to switch to real money.
Who is a pattern day trader?
This is a distinction used by US regulators to identify traders who execute four or more day trades within five business days on their margin account.
Pattern day traders must maintain minimum equity of $25,000 in their margin account on any day that they engage in day trading. If the account falls below the $25,000 requirement, the pattern day trader will not be permitted to day trade until the account is restored to the $25,000 minimum equity level.
There are no pattern day trading rules in Europe, Australia and Asia.
What makes a good broker for day trading?
Our team of analysts assigned a greater weight to certain services offered by these brokers. Some of the most important aspects they considered were fees, charting tools, product selection as well as withdrawal methods and fees.
Trading on a daily basis can be exciting and offers the possibility of winning big. Whether you trade with your own money or with leverage, keep in mind that day trading is highly risky and you can suffer big losses. We advise that you to start day trading only if you consider yourself an experienced trader.
If you want to learn more about trading in general, check out this article on becoming a trader.
Important note: some of these brokers offer CFDs. These are complex and very risky products, thus not suitable for everyone. You can easily lose all your invested money when trading CFDs. To better understand CFDs and the risks involved, read this article on CFD trading tips compiled by our team of experts.
What is pattern day trading?
The pattern day trading (PDT) rule is applied to those trading in the US. The rule was laid out by the Financial Industry Regulatory Authority (FINRA) of the US to discourage people from trading excessively.
You will be considered a pattern day trader if you use a brokerage account regulated by FINRA and you:
- execute 4 or more day trades within 5 business days and
- the number of day trades represents more than 6% of your total trades in your margin account for that same five business day period.
There are two methods of counting day trades accepted by FINRA. Ask your brokerage firm for more details on how they count trades to determine if you’re a pattern day trader.
Pattern day traders must hold a minimum of $25,000 in their margin accounts in cash and/or eligible securities on any day that they trade. If the account balance falls below the regulatory minimum, the pattern day trader won’t be permitted to day trade until the account is restored to the $25,000 equity level.
Under FINRA rules, your brokerage firm is required to designate you as a pattern day trader if it knows or has a reasonable basis to believe that you’ll engage in pattern day trading. Once your account has been flagged as a pattern day trader account, your broker will continue to regard you as a pattern day trader, even if you don’t day trade for a five-day period. If you cease your day trading activities, you should contact your broker to discuss the appropriate coding of your account.
The pattern day trading rule does not apply to those who are trading in the UK, Europe, India, Australia or most other jurisdictions. It may apply to traders in Canada if the broker clears trades through the US securities exchange.
Want to understand trading in more detail?
Check out these articles written by our broker and trading experts:
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
