Top 10 Best Forex Brokers for Day Trading for 2020

Are you looking for the Best Forex Brokers for Day Trading because you like to trade on short time frames and you want a professional platform and a fast execution?

The currency market is a complex entity changing its structure every day. With more and more active traders joining the arena, the interbank market is never the same.

Daily fluctuations are the norm, but the way the market moves represents an opportunity for different types of traders. Based on each traders personality and available time to trade, different trading styles exist.

Investors, for instance, have the longest time-horizon when it comes to trading. They look at a Forex brokers bigger timeframes and trade mostly based on macroeconomic differences than on anything else.

Investors dont mind if the market goes against their interest for a while, as it is usual to be ahead of the curve when trading macro. These traders typically have more capital and patience than the regular retail trader in the currency market.

Swing traders keep trades open from a few hours to even a week or more. They look for medium-term market moves and check the timeframes up to the daily timeframe. Swing traders keep their eyes open on any technical and fundamental change that might affect the trending conditions.

And then there are day traders or intraday traders. For these traders, execution matter the most. Vowing to close any open position at the end of the trading day, they rely on their brokerage house for best trading conditions and execution.

The best brokers for day trading Forex have, therefore, tight spreads, fantastic execution, little or no slippage, and more along the same lines. Because such traders dont care about positive or negative swaps as they close the trades until the end of the trading day, the focus shifts on elements like the length of a trade, intraday trends on lower timeframes and even scalping strategies.

To benefit the most of short-term trading like intraday, such traders chose the Forex day trading brokers at the end of a due-diligence process comparing the pros and cons. The list below comes handy for anyone interested in the best Forex day trading brokers on the market today.

With spreads on some accounts only seen in the interbank market, Pepperstone has all the characteristics a day trader looks for. Offering institutional grade pricing and conditions and even having zero spreads for some currency pairs during specific market conditions,Pepperstoneis ideal for intraday trading.

: Pepperstone Limited authorised & regulated by the

(684312); Pepperstone Group Limited registered with

(414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)

: Pepperstone Group Limited is headquartered in Melbourne, Australia

: CFDs on indices, commodities, cryptocurrency

Another Australian broker, IC Markets has no requotes, no trading restrictions and thus no price manipulation whatsoever. Any day trader looking for a true ECN environment will findIC Marketssuitable for it.

: International Capital Markets Pty Ltd. licensed by

(AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo

: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia

: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency

With five industry regulations and a top of the line five star customer service, FxPro is truly one of the best Forex day trading brokers available to trade with today. Tight spreads and little or no slippage makesFxProa viable choice for intraday trading strategies.

: FxPro UK Limited authorised & regulated by the

(509956); FxPro Financial Services Ltd authorised & regulated by

(45052); FxPro Global Markets Ltd authorised & regulated by the

(SIA-F184). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4, MT5, cTrader, FxPro Edge (web platform)

: FxPro Group Limited is headquartered in Guernsey

: CFDs on futures, indices, shares, metals, energies; spread betting

Advertising as a Forex broker that charges no commisions nor swaps for specific accounts, OCTAFX is an exciting choice for Forex day traders. The very tight spreads together with the no slippage promise from a regulated broker should be enough to tempt any intraday trader to tryOCTAFX.

: Octa Markets Incorporated is regulated by the

. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (web platform, desktop, Android, iOS), MT5 (web platform, desktop, Android, iOS), cTrader (desktop, Android, iOS)

: Octa Markets Incorporated is headquartered in Kingstown, St. Vincent and the Grenadines

: CFDs on indices, commodities, cryptocurrency

As a multi-asset broker with low commisions and low spreads, HotForex employs over two-hundred people globally to make sure this promise holds.HotForexconstantly invested in new technologies to maintain the low costs/low spreads conditions, and it became an obvious choice for intraday traders.

(183/12); HF Markets (UK) Ltd authorised ®ulated by the

(801701); HF Markets (DIFC) Ltd authorised & regulated by the

(F004885); HF Markets SA (PTY) Ltd authorized & regulated by the

(46632); HF Markets (Seychelles) Ltd regulated by the

(SD015). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: HF Markets MT4 Terminal, HF Markets Multiterminal, MetaTrader 4 Webterminal, HF Markets iPhone Trader, HF Markets iPad Trader, HF Markets Android

: HF Markets Ltd is headquartered in Cyber City, Mauritius

: CFDs on spot metals, energies, commodities, indices, bonds, shares, cryptocurrency

A brokerage house that offers access to over eight asset classes and has one of the fastest executions in the industry, ROBOFOREX constantly grew in the last years. Nowadays traders run micro accounts and enjoy tight spreads from zero pips during the day trading activities with ROBOFOREX.

(IFSC/60/271/TS); RoboForex (CY) Ltd regulated by

(191/13). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (desktop, web, iOS, Android), MT5 (desktop, web, iOS, Android), cTrader (desktop, web, iOS, Android), R Trader (web platform)

: RoboForex Group is headquartered in Belize City, Belize

: CFDs on stocks, indices, ETFs, soft commodities, energies, metals, cryptocurrency

A global award-winning Forex broker, FXTM has a great choice of account types with safety and security of funds. As for the trading execution,FXTMis one of the best in the industry, with the brokerage house dedicating a lot to being up-to-date with the latest technologies in the industry.

(600475); ForexTime UK Limited authorised & regulated by the

(license numbers IFSC/60/345/TS and IFSC/60/345/APM). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (PC, Mac, iOS, Android, multi terminal, web platform), MT5 (PC, Mac, iOS, Android, web platform), MyFXTM (Android, iOS)

: ForexTime Limited is headquartered in Limassol, Cyprus

: CFDs on shares, commodities, indices; spot metals

With over a thousand trading instruments offered to the retail trader, XM is a tempting broker to use when day trading. The huge market choice is a great incentive for intraday trading as variousXMs products are accessed from the same trading account, with trading conditions that meet the industry standards.

: Trading Point of Financial Instruments Pty Limited licensed by

(443670); Trading Point of Financial Instruments UK Limited authorised & regulated by the

(705428); Trading Point Of Financial Instruments Ltd regulated by

(120/10). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet), MT5 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet)

: Trading Point Of Financial Instruments Ltd is headquartered in Limassol, Cyprus

: CFDs on indices, commodities, stocks, metals, and energies

If trading at the fastest possible speed is a condition in search of a broker, FBS proud with zero spreads, ECN, cent, and standard accounts. In other words,FBShas everything an intraday trader looks for to avoid requotes, have tight spreads, little slippage, and competitive overall trading conditions.

: Tradestone Limited authorized & regulated by the by

(IFSC/60/230/TS/18). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: MT4 (for Windows, iOS, Android and/or webtrader)

: FBS Markets Inc. is headquartered in Belmopan, Belize

: Futures; CFDs on precious metals, oil, cryptocurrency

Operated by a company listed on the LSE (London Stock Exchange), Markets.com is a growing Forex and CFD brand attracting more and more intraday traders. With over two thousand markets available to trade from the same account and ideal spreads for day trading,Markets.comrivals big names in the industry on the day trading segment.

(43906); Tradetech Markets (Australia) Pty Ltd licensed by

(424008). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)

: Web platform (web, Android and iOS mobiles and tablets)

: Safecap Investments Limited is headquartered in Nicosia, Cyprus

: CFDs on metals, energies, indices, commodities, bonds, shares, ETFS, blends, cryptocurrency, IPOs

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