Day Trading Broker Comparison & test

Are you looking for a suitable broker for day trading? – Then you are exactly right on this page! With more than 7 years of experience in the financial markets, I have tested the best providers and I will introduce you to the cheapest and most trustworthy brokers. Get informed and choose a day trading broker according to your preferences to get the best trading experience.

Day Trading Broker: Cheapest provider wins

In day trading, there is a high trading volume and high trading frequency. Trading transactions are opened or closed within seconds. Within one day there can often be more than 20 trades. This is due to the trading strategy of the trader.

It is especially important to choose a low priced provider for day trading. The trading costs can increase a lot due to the above mentioned points. The higher the trading costs are the lower your profit will be. Narrow spreads and a small commission must be absolutely given for the successful daytrader.

Thanks to my more than 7 years of experience on the markets I have tested and compared many providers. In the table above you will find the currently cheapest brokers.

Why you should use a cheap provider in day trading:

  • In day trading there is a high trading volume and a high trading frequency
  • High trading fees reduce overall profit
  • A day trading broker should have narrow market spreads

Criteria for the day trading broker selection:

In order to choose a good provider, other criteria must be considered in addition to low trading fees. Security and service are the top priorities for a trustworthy broker. My criteria for the right choice are:

day trading broker

Criteria for a reputable choice of broker:

  • Regulation and official license
  • High security of client funds
  • Favourable trading fees
  • Fast execution of trades
  • No hidden costs
  • Free demo account
  • Easy deposit and withdrawal of funds
  • Fast and professional support in German

Provider comparison: Select markets

In the table above you will find 5 different suppliers. Day traders generally specialize in individual markets, which is why you should also compare between these providers. For example, there are day trading brokers, which have extremely favorable conditions on certain markets. It is therefore worthwhile to take a closer look before choosing a broker.

The overall winner among the day trading brokers is the provider GBE Brokers. There you can trade almost all markets. Whether Forex, CFDs, shares or ETFs. GBE has the right offer ready and offers the best overall package. Through appropriate regulation and a branch office in Germany, the broker is particularly secure.

➔ To the test report of GBE Brokers

BDSwiss is a broker that also specialises in a wide range of markets. With him you can trade stocks, currencies and commodities with a high leverage of 1:400 at the lowest fees worldwide. Spreads start from 0.0 pips and the commission can be as high as $7 per trade.

➔ To the test report of BDSwiss

Regulation and security of client funds

Trustworthy and reputable brokers are officially regulated by a financial supervisory authority. The provider must meet certain criteria for this. Fraud can be excluded with regulated brokers. Make sure that your provider is regulated and licensed. Regulations from Germany or Great Britain are preferably suitable here.

The providers presented above are regulated in Germany or Great Britain. They have the highest security standards for trading in the financial markets. In addition, there is a high level of security for customer funds. Under British regulation, there is a deposit guarantee up to over £85,000. In addition, the broker is obliged to keep separate accounts and may not speculate against customers.

My presented day trading brokers offer:

  • regulation by an official financial regulator
  • Separate account management
  • High security of client funds

Day Trading Platforms tested

Another factor for the day trading broker choice is the trading platform. Which software is offered and can be used? Are there any costs for the use?

Worldwide the most popular trading platform is the Metatrader, which is also offered by the presented providers. In the lower picture you see a cutout of the trading platform on the desktop. You can use the trading platform for every device with only one login. The trade with the Smartphone or Tablet is problem-free possible. A number of functions are available for this purpose.

Use various chart settings and a transparent order mask for trading. In Metatrader any indicators can be inserted or even with few programming knowledge an automatic strategy can be designed. The software is quite user-friendly and with a little practice you get along fast in short time. Beginners can use a free demo account to test the platform risk-free.

Facts about Metatrader:

  • Trading software for every device
  • Free of charge use
  • User-friendly
  • Use of indicators and drawing tools
  • Perfect for technical analysis
  • External files can be inserted
  • Automatic programs possible
  • Fast trading via the order mask or 1-click trading

Free demo account

Every trader should first test a day trading broker in the demo account. This account is offered for free and is filled with virtual credit. So you can test the conditions and the trading platform of the broker risk-free. The demo account is free and unlimited. So there is a long time to practice.

You can also use this demo account to test new markets and try out strategies. In my opinion, beginners should have first successes in the demo account before you start trading real money. The top brokers offer a non-binding practice account without risk.

Opening a deposit for real money trading

Opening an account is generally an easy process. Open your real money account in just a few minutes. The broker needs some information about you and you have to answer several questions. Due to the strict regulations, the broker must establish your identity before you can deposit and withdraw money.

This is done by a corresponding verification of the trader. For this purpose, an identification document and a proof of residence must be uploaded. Alternatively, a webcam can be used. In my experience, the process is completed within 24 hours and in most cases takes less time.

  • There is a free and unlimited demo account for each customer
  • Account opening takes only a few minutes
  • Before the initial deposit, the account must be

Deposits and withdrawals at the day trading broker

Nowadays the capitalization of the trading account is very easy and does not cost any fees. The broker provides you with several payment methods. Use the classic bank transfer or electronic methods. Using electronic methods, the deposit works in real time.

With regulated brokers, the payment of customer funds and profits is processed and approved within 24 hours. From my experience there are no problems with the payout at the above presented brokers. In addition, there are no fees that could reduce your profit.

Facts about deposits and withdrawals:

  • Use bank transfer, PayPal, credit cards or e-wallets (Neteller, Skrill) and more
  • Deposits in real time
  • Withdrawals are processed within 24 hours
  • No fees on deposits and withdrawals

The customer support in test

Another point that needs to be checked is customer support for dealers. This should be available daily and should also be in different languages. Furthermore, it is also important and interesting for beginners to get certain training offers.

In general, the above-mentioned brokers offer telephone, email, and chat support in more than 10 languages. Webinars, analyses, and coaching are included in the service. The test winner in customer support is by far GBE and BDSwiss. These providers offer you the most comprehensive service. Especially the possibilities for further education are excellent with these brokers.

In summary, however, I can say that each of the presented offers good support with international-speaking employees.

  • Support 24/5 different languges
  • International customer service
  • Webinars, analyses and training opportunities

Conclusion: Find the right day trading broker

On this page I have shown you how you can find a reputable provider for day trading with the right criteria. The upper presented offerers correspond from my experiences to the highest standards.

The most important point in the broker selection are the trading fees. In day trading you trade with a very high volume and trading frequency. Calculated on a weekly basis, a higher fee of for example 1€ per trade can make up a large sum. In comparison you will find the cheapest providers from my tests and experiences.

In addition to the trading fees, the security and seriousness of the broker must also be given. Preferably I recommend a regulation in Germany or in the English area. Furthermore the support for customers is also important! The broker should always be reachable and should also employ German staff. In summary, the points “low fees, regulation and good customer support” speak for a trustworthy broker.

Good luck with your trading!

The best day trading brokers:

  • GBE Brokers
  • BDSwiss
  • XTB
  • black bull markets
  • IQ Option

See my other articles about day trading:

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