Best Day Trading Platforms and Brokers in Ireland 2024
The best day trading platforms in Ireland offer short-term opportunities on popular markets, such as stocks from Euronext Dublin, convenient deposits through EUR accounts, and oversight from a trusted regulator like the Central Bank of Ireland.
Discover the best brokers for day trading in Ireland. All platforms have been rigorously tested using real money and demo accounts.
Top 10 Platforms For Day Trading In Ireland
After analyzing hundreds of brokers, these 10 platforms continue to stand out as the best for day trading in Ireland:
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1AvaTrade79% of retail accounts lose money with this provider.
Ratings
$1000.01 Lots1:30 (Retail) 1:400 (Pro)ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFMCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, FuturesWebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTradeSkrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, BoletoUSD, EUR, GBP, CAD, AUD -
2Deriv.com
Ratings
$50.01 Lots1:1000MFSA, LFSA, VFSC, BFSCCFDs, Multipliers, Forex, Stocks, Indices, CommoditiesDeriv Trader, Deriv X, MT5, TradingViewNeteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash, Przelewy24USD, EUR, GBP, AUD -
3IC Trading
Ratings
$2000.01 Lots1:500FSCCFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, FuturesMT4, MT5, cTrader, AutoChartist, TradingCentralPayPal, Neteller, Mastercard, Visa, Wire Transfer, Debit Card, Credit CardUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD -
4PepperstoneCFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Ratings
$00.01 Lots1:30 (Retail), 1:500 (Pro)FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCBCFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread BettingMT4, MT5, cTrader, TradingView, AutoChartist, DupliTradeVisa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, SkrillUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD -
5XM74.12% of retail accounts lose money.
Ratings
$50.01 Lots1:30ASIC, CySEC, DFSA, IFSCCFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, EnergiesMT4, MT5, TradingCentralCredit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-PesaUSD, EUR, GBP, JPY -
6Eightcap
Ratings
$1000.01 Lots1:30ASIC, FCA, CySEC, SCB, CNMVCFDs, Forex, Stocks, Indices, Commodities, CryptoMT4, MT5, TradingViewNeteller, Skrill, Visa, UnionPay, Credit Card, Debit Card, Bitcoin Payments, Wire Transfer, FasaPay, BPAY, PayPal, Dragonpay, PIX PaymentUSD, EUR, GBP, CAD, AUD, NZD, SGD -
7LiteForex Europe
Ratings
$500.01 Lots1:30CySEC, AFMCFDs, Forex, Indices, CommoditiesMT4, MT5Neteller, Skrill, Visa, QIWI, Mastercard, Perfect Money, Western Union, Credit CardUSD, EUR, GBP, CHF -
8eToro51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Ratings
$100$101:30FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMFCFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTseToro Web, CopyTrader, TradingCentralVisa, Skrill, Neteller, Wire Transfer, Rapid Transfer, Swift, Debit Card, iDeal, Klarna, Sofort, Trustly, Przelewy24USD, EUR, GBP -
9FOREX.com20% Welcome Bonus Up To $500077% of retail accounts lose money with this provider.
Ratings
$1000.01 Lots1:30NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMAForex, CFDs, Stocks, Indices, Commodities, Futures, Options, CryptoMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentralWire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH TransferUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN -
10InstaForexCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.44% 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 the risk of losing your invested funds.
Ratings
€200 (€1 after account opening)0.01 Lots1:30 (Retail), 1:500 (Pro)CySECCFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares BasketsMT4, MT5Skrill, Mastercard, Visa, Neteller, Wire Transfer, Przelewy24, Giropay, Rapid TransferUSD, EUR, GBP, PLN, CZK
Here is a short overview of each broker's pros and cons
- AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
- Deriv.com - Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.
- IC Trading - IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
- XM - XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It’s also highly regulated, including by ASIC and CySEC and offers a comprehensive MetaTrader experience.
- Eightcap - Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- LiteForex Europe - LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.
- eToro - eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 51% of retail CFD accounts lose money.
- FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
- InstaForex - InstaForex is a forex and CFD broker founded in 2010. The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.
Best Day Trading Platforms and Brokers in Ireland 2024 Comparison
AvaTrade
"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."
Jemma Grist, Reviewer
AvaTrade Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail) 1:400 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
- AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more
- WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
Cons
- A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
- There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
- There is no ECN account with raw spreads
Deriv.com
"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "
Jemma Grist, Reviewer
Deriv.com Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Multipliers, Forex, Stocks, Indices, Commodities |
Regulator | MFSA, LFSA, VFSC, BFSC |
Platforms | Deriv Trader, Deriv X, MT5, TradingView |
Minimum Deposit | $5 |
Minimum Trade | 0.01 Lots |
Leverage | 1:1000 |
Account Currencies | USD, EUR, GBP, AUD |
Pros
- Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates
- There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits
- Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
Cons
- There's no loyalty program or rebate scheme for high volume traders
- There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
- The range of 100+ assets trails some competitors such as Quotex which offers 400+
IC Trading
"With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "
Christian Harris, Reviewer
IC Trading Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures |
Regulator | FSC |
Platforms | MT4, MT5, cTrader, AutoChartist, TradingCentral |
Minimum Deposit | $200 |
Minimum Trade | 0.01 Lots |
Leverage | 1:500 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Trading Central and Autochartist are valuable tools for in-depth technical summaries and actionable trading ideas and are accessible from within the account area or the cTrader platform.
- The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.
- IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.
Cons
- The educational resources are greatly in need of improvement, unless you navigate to the IC Markets website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
- Despite being part of the trusted IC Markets group, IC Trading is authorized by a weak regulator - the FSC of Mauritius, with limited financial transparency and regulatory safeguards.
- Unlike IC Markets, IC Trading does not support social trading through the group’s IC Social app or the third-party copy trading platform ZuluTrade.
Pepperstone
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
Christian Harris, Reviewer
Pepperstone Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting |
Regulator | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
- There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
Cons
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
- There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
XM
"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."
Christian Harris, Reviewer
XM Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
Regulator | ASIC, CySEC, DFSA, IFSC |
Platforms | MT4, MT5, TradingCentral |
Minimum Deposit | $5 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, JPY |
Pros
- XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
Cons
- XM is falling behind the curve by not offering cTrader and TradingView which are increasingly being favored over MetaTrader for their smoother user experience and superior charting packages.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable or web-accessible solution for a more beginner-friendly user experience with unique features.
- Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
Eightcap
"Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."
Christian Harris, Reviewer
Eightcap Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Regulator | ASIC, FCA, CySEC, SCB, CNMV |
Platforms | MT4, MT5, TradingView |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD |
Pros
- With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
Cons
- Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
LiteForex Europe
"LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders."
William Berg, Reviewer
LiteForex Europe Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Indices, Commodities |
Regulator | CySEC, AFM |
Platforms | MT4, MT5 |
Minimum Deposit | $50 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, CHF |
Pros
- Fast ECN execution model with low spreads from 0.0 pips
- The broker offers a VPS server for experience day traders looking to run their auto strategies continuously
- LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
Cons
- There are limited funding methods compared to other brands
- Cryptocurrency trading is not offered
- There is no swap-free trading account for Muslim day traders
eToro
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."
Christian Harris, Reviewer
eToro Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs |
Regulator | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF |
Platforms | eToro Web, CopyTrader, TradingCentral |
Minimum Deposit | $100 |
Minimum Trade | $10 |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP |
Pros
- Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more
- Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program
- The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat
Cons
- There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
- There are limited contact methods aside from the in-platform live chat
FOREX.com
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer
FOREX.com Quick Facts
Bonus Offer | 20% Welcome Bonus Up To $5000 |
---|---|
Demo Account | Yes |
Instruments | Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto |
Regulator | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA |
Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
Cons
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
InstaForex
"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."
William Berg, Reviewer
InstaForex Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets |
Regulator | CySEC |
Platforms | MT4, MT5 |
Minimum Deposit | €200 (€1 after account opening) |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR, GBP, PLN, CZK |
Pros
- The broker is accessible for beginners, with low minimum deposits and zero-commission trading available.
- InstaForex delivers a superb day trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types
- The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources
Cons
- The broker provides trading instruments only in the form of CFDs.
- The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
- Customer support is available only in EN, CZ, PL, and SK.
Choosing A Day Trading Broker In Ireland
Drawing on the decades of experience across our expert team, we focus on several areas when identifying the best day trading platforms:
Regulation & Trust
We routinely verify the regulatory status of each broker, to determine what level of financial protection day traders will receive.
The best platforms are authorized by one or more Green Tier regulators, which offer the highest standards of safeguarding. This typically includes measures like negative balance protection, which prevents you from losing more than your balance. They also enforce security measures to help protect against day trading scams.
The Central Bank of Ireland (CBI) is the regulator responsible for overseeing investment firms in Ireland. That said, other European regulated brokers can also provide services to Irish traders under the EU’s cross-border initiative, but it’s still important to follow your local tax rules.
In light of scam brokers hitting the Irish market, such as High Trade Pro FX, the Central Bank of Ireland recommends carrying out a sense check of any broker you are considering:
- Double-check the URL and contact details of the broker
- Check that the product being offered to you is present on the broker’s website
- Check the regulator’s list of unauthorized firms
- AvaTrade continues to deliver one of the most trusted trading environments, thanks to multiple regulatory licenses, notably with the CBI. The broker also uses encryption technology to protect client accounts, alongside segregated funds and their bespoke risk management tool, AvaProtect.
Day Trading Markets
Brokers with an excellent suite of financial markets provide the widest range of day trading opportunities, from forex and commodities to cryptocurrencies and IPOs.
For Irish traders, in particular, many leading platforms will offer EUR currency pairs, including EUR/USD, as well as Irish stocks listed on the Euronext Dublin, such as Bank of Ireland (BIRG) and Ryanair (RYA).
For day traders, assets will often be tradable via contracts for difference (CFDs), which allow you to speculate on rising and falling prices without owning the actual asset.
That said, we also look out for other popular products with Irish traders, including spread betting, providing a tax-free way to speculate on financial markets over short-term horizons.
- Pepperstone remains a stand-out choice for traders looking for a superb variety of markets, notably 10+ Irish stocks listed on the Euronext Dublin, alongside 90+ currency pairs, including popular EUR crosses like EUR/GBP and EUR/CHF.
Leverage Trading
Leverage allows you to scale up your buying power whilst only putting down a small deposit (margin), playing a pivotal role in many short-term trading strategies.
For instance, opening a position in shares of Kerry Group PLC (KRZ) with leverage of 1:5 would give me €500 in purchasing power with a €100 margin, amplifying profits and losses 5x.
Importantly, risk management is vital when day trading with leverage – serious losses can wrack up in volatile markets.
- Deriv is a great choice if you’re looking to trade on margin, with leverage up to 1:30 on major pairs like EUR/USD. You can also trade with the broker’s unique multipliers, where losses are limited to your initial stake.
Charting Platforms
The best day trading brokers in Ireland offer reliable charting platforms with a terrific selection of technical tools.
MetaTrader (MT4) and MetaTrader 5 (MT5) remain the staple options at most brokerages. However, we increasingly favor brokers that deliver more contemporary, user-friendly software, such as TradingView.
- Skilling offers a superb selection of platforms to suit all short-term trading strategies and experience levels. In addition to packages such as MT4 and cTrader, clients can try the broker’s excellent bespoke options: Skilling Trader and Skilling Copy.
Execution Speed & Quality
Securing optimum trading conditions is vital for day traders executing strategies in fast-moving markets, such as volatile Irish stocks like Allied Irish Banks (AIB) and Corre Energy BV (CORRE).
We look at important metrics such as execution speeds, fill rate and slippage data, which help to indicate how efficiently orders are executed. Based on our own trading experience and analysis, we like to see execution speeds of less than 100 milliseconds.
- FxPro continues to stand out with ultra-fast execution speeds of less than 13 milliseconds and over 86% of orders executed at the requested price, or better.
Pricing
Active day traders who deal frequently and in large volumes need the most affordable brokers. This will ensure transaction costs are kept as low as possible, protecting profit margins.
Our exhaustive testing process involves checking spreads on popular markets, such as the EUR/USD, various stocks and leading indices, during the most active times of the day. We also consider any commission charges, as well as inactivity and funding fees.
Other services, such as VPS solutions and third-party tools, may also come with a one-off fee or monthly subscription. As such, we assess whether such charges are reasonable for the overall service and quality provided.
- XM consistently tops our rankings as one of the lowest-cost day trading brokers, with just a $5 minimum deposit and tight spreads from 0.7 pips on major currency pairs like the EUR/USD.
Methodology
To find the best platforms for day trading in Ireland, we took our database of 267 brokers and considered their overall suitability for Irish traders, notably:
- We verified that the broker is regulated by a trusted authority, such as the CBI.
- We ensured that a range of regional markets were available, including for example EUR currency pairs and/or Irish stocks.
- We prioritized brokers that offer competitive trading fees, especially on popular markets like EUR/USD.
- We made sure that the broker’s leverage and margin requirements were transparent.
- We focused on brokers with fast and stable execution for short-term trading strategies.
- We checked that the broker delivers powerful, user-friendly charting platforms, such as MT4.
FAQ
Who Regulates Day Trading Brokers In Ireland?
The Central Bank of Ireland is the regulator responsible for overseeing day trading brokers in Ireland.
Ireland also falls under the European Union’s passporting scheme, allowing approved regulators to provide services to Irish traders. Make sure you continue to follow tax rules from the Office of the Revenue Commissioners in Ireland.
Which Is The Best Day Trading Broker In Ireland?
Our list of the best day trading brokers in Ireland will help you determine which platform is best for your needs.
Each brokerage is regulated by a trusted authority, offers convenient EUR accounts for Irish traders and provides access to a range of popular financial markets with short-term trading opportunities.
How Much Capital Do I Need To Start Day Trading In Ireland?
Our analysis shows that most brokers require a minimum deposit of less than €250 to start day trading in Ireland.
That said, some budget-friendly platforms let you start with no minimum deposit – among the highest-rated are Pepperstone and Blackbull Markets.
Recommended Reading
Article Sources
- Central Bank of Ireland (CBI)
- High Trade Pro FX Scam Broker - CBI
- Euronext Dublin
- Bank of Ireland (BIRG) - Euronext Dublin
- Ryanair (RYA) - Euronext Dublin
- Kerry Group PLC (KRZ) - Euronext Dublin
- Allied Irish Banks (AIB) - Euronext Dublin
- Corre Energy BV (CORRE) - Euronext Dublin
- Office of the Revenue Commissioners
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