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Best day trading platforms in Europe in 2024

Updated on May 17, 2024
Fact checked

Find our chosen European brokers for day trading:

  1. Interactive Brokers: Best overall
  2. eToro: Best for social trading
  3. Saxo Bank: Best for professional traders
  4. XTB: Best for CFD and Forex
  5. Fusion Markets: Best for beginners
  6. Trading 212: Best signup bonus

Award Winner

Interactive Brokers logo
#1 Best overall day trading platform
Min. deposit of €0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
See broker summary
Visit BrokerRead review
Broker summary
US StocksTiered plan: Up to $0.0035 per share
Currency Conversion FeeUp to 0.0020%
Interest on uninvested cashEUR: 3.195%; USD: 4.83%; GBP: 4.707% (as of June 2024)
Products and MarketsStocks, ETFs, options, futures, Forex, commodities, bonds and funds.
Currency Conversion FeeUp to 0.0020%
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.
Visit BrokerRead review

Award Winner

eToro logo
#2 Best social day trading platform
Min. deposit of $50 (varies between countries)
Offers interest on uninvested cash balances
Excellent reputation (founded in 2007)
See broker summary
Visit BrokerRead review
Broker summary
US Stocks$0
Currency Conversion FeeFrom 1.50%
Interest on uninvested cashUp to 5.3% in USD
Products and MarketsStocks, ETFs, cryptocurrencies and CFDs on stocks, ETFs, commodities, Forex, indices and cryptocurrencies.
Currency Conversion FeeFrom 1.50%
RegulatorsFCA, CySEC and ASIC.
Visit BrokerRead review

51% of retail CFD accounts lose money.

Award Winner

Saxo Bank logo
#3 Best day trading platform for professional traders
Min. deposit of €2,000 (varies between countries)
Offers interest on uninvested cash balances
Excellent reputation (founded in 1992)
See broker summary
Visit BrokerRead review
Broker summary
US StocksFrom 0.03% (min. $1)
Currency Conversion Fee0.25%
Interest on uninvested cashUSD: Up to 4.08%; EUR: Up to 2.66%; GBP: Up to 3.95% (as of June 2024)
Products and MarketsStocks, ETFs, bonds, mutual funds, crypto ETPs, options, futures, Forex, Forex options, crypto FX, CFDs and commodities
Currency Conversion Fee0.25%
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA.
Visit BrokerRead review

62% of retail CFD accounts lose money.

Award Winner

XTB logo
#4 Best forex and CFD day trading platform
Min. deposit of €250
Interest on uninvested cash
Excellent reputation (founded in 2002)
See broker summary
Visit BrokerRead review
Broker summary
US Stocks€0
Currency Conversion Fee0.50%
Interest on uninvested cashEUR: 4.20% first 90 days, then 2.00%; USD: Up to 5% first 90 days, then 2.50%; GBP: 5.20%
Products and MarketsStocks, ETFs, Forex and CFDs on stocks, ETFs, indices, cryptocurrencies and commodities.
Currency Conversion Fee0.50%
RegulatorsFCA, KNF, CySEC, DFSA and FSC
Visit BrokerRead review

76-85% of retail CFD accounts lose money.

Best day trading platforms in Europe in 2024 1
#5 Best quick sign-up day trading platform
Min. deposit of $0
Free US share CFD Trading
Focused on CFDs
See broker summary
Visit BrokerRead review
Broker summary
US StocksNot applicable
Currency Conversion FeeNot applicable
Interest on uninvested cash0%
Products and MarketsCFDs on US stocks, Forex, Commodities, Metals, Indices and Cryptocurrencies
Currency Conversion FeeNot applicable
RegulatorsASIC, VFSC, FSA
Visit BrokerRead review

74-89% of retail CFD accounts lose money.

Award Winner

Trading 212 logo
#6 Best sign-up bonuses day trading platform
Min. deposit of €10
Offers interest
Intuitive app
See broker summary
Visit BrokerRead review
Broker summary
US Stocks€/£0
Currency Conversion Fee0.15%
Interest on uninvested cashEUR: 4.20%; USD: 5.10%; GBP: 5.20%
Products and MarketsStocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.
Currency Conversion Fee0.15%
RegulatorsFCA, CySEC, ASIC and FSC.
Visit BrokerRead review

Investing involves risk of loss.

Comparison

Before we delve into the specific features offered by each of the trading platforms, let’s compare how the six brokers stack up:

Broker
US stock fees
Interest offered
Financial products
Min deposit
Tiered plan: Up to $0.0035 per shareMin. $0.35; Max. 1% of trade value.
EUR: 3.195%; USD: 4.83%; GBP: 4.707% (as of June 2024)Only applicable to accounts with a Net Asset Value (NAV) above USD 100,000 (or equivalent); Accounts with NAV of less than USD 100,000 (or equivalent) receive interest at rates proportional to the size of the account. There will be no interest paid on the first USD 10,000 of cash.
Stocks, ETFs, options, futures, Forex, commodities, bonds and funds.
€/$/£0
eToro logo

51% of retail CFD accounts lose money.

$0
Up to 5.3% in USD
Stocks, ETFs, cryptocurrencies and CFDs on stocks, ETFs, commodities, Forex, indices and cryptocurrencies.
$50It varies between countries
Saxo Bank logo

62% of retail CFD accounts lose money.

From 0.03% (min. $1)Depending on account type
USD: Up to 4.08%; EUR: Up to 2.66%; GBP: Up to 3.95% (as of June 2024)The interest rates are only paid above the first $/€/£10,000 in cash
Stocks, ETFs, bonds, mutual funds, crypto ETPs, options, futures, Forex, Forex options, crypto FX, CFDs and commodities
$0 to $10,000, depending on the country$/€2,000 for international accounts; £500 (UK)
XTB logo

76-85% of retail CFD accounts lose money.

€0Up to €100.000 in monthly volume transactions - Only applicable in some countries.
EUR: 4.20% first 90 days, then 2.00%; USD: Up to 5% first 90 days, then 2.50%; GBP: 5.20%
Stocks, ETFs, Forex and CFDs on stocks, ETFs, indices, cryptocurrencies and commodities.
€/$/£1
Best day trading platforms in Europe in 2024 2

74-89% of retail CFD accounts lose money.

Not applicable
0%
CFDs on US stocks, Forex, Commodities, Metals, Indices and Cryptocurrencies
$0
Trading 212 logo

Investing involves risk of loss.

€/£0
EUR: 4.20%; USD: 5.10%; GBP: 5.20%
Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.
€/£10
  • Interactive Brokers (IBKR) is a great option for retail investors interested in optimising their trading commissions. It is ideal for beginners or professionals looking for a large number of instruments and a secure broker. On the downside, if you are new to investing, the platform may be a bit complicated with too many buttons and features. Day traders may take advantage of the broker’s diverse market access, allowing them to trade in their preferred time zone.
  • eToro is the go-to option for social trading, allowing you to copy successful traders or share your own trades with a wider audience. The interface is very user-friendly and ideal for novice investors. However, if you have extensive experience in the markets, you may miss some niche features offered by trading platforms designed for professionals.
  • Saxo Bank has a product offering very similar to IBKR, albeit with slightly higher commissions. SaxoTraderGO’s functionalities arguably make it more suited to sophisticated investors who can take full advantage of the platform’s functionalities.
  • XTB is one of the most popular CFD and forex traders. XTB also offers a high rate on uninvested cash – 5% for accounts over $30,000, the second-highest on our list, boosting day traders’ returns should they close all positions and return to cash at the end of the trading day.
  • Fusion Markets also targets the niche CFD and forex trading field. The broker allows traders to choose between two account types – the Zero account with a fixed $4.50 commission or the Classic trading account for traders who prefer $0 commissions with larger spreads. Lack of disclosure on interest on uninvested cash puts the broker at a clear disadvantage compared to peers, especially if day traders close positions and return to cash at the end of the trading day. On a positive note, the broker boasts a very quick sign-up process.
  • Trading 212 is a CFD and forex broker that stands out with its attractive free shares for new account offerings – bonuses are as high as €100! You can learn more on Trading 212’s webpage. The broker also offers regular stocks and ETFs (Trading 212 Invest) outside its main levered CFD field (Trading 212 CFD).

Reviews

Interactive Brokers at a glance

Interactive Brokers logo
Visit brokerRead review
Desktop, web, and mobile versions
Free software (no fees to use it)
Customisable and user-friendly platform
Education, news, and analysis
Free Demo Account
View BrokerRead review

Trader Workstation (TWS), the proprietary trading platform of Interactive Brokers, is one of the most innovative trading platforms developed by a brokerage firm. It includes two subsets: the “TWS Mosaic”, which displays a fully customisable workspace, and the “Classic TWS”, where you can find more complex/advanced tools for more experienced traders.  

You get comprehensive order management, technical charts, watchlists, and other portfolio tools in a single view. You can organise your trading activity by asset classes and, at the same time, keep up to date with relevant market news impacting the markets. TWS offers powerful trading tools like ComboTrader, which helps traders create proprietary combination order strategies or choose from multiple templates with predefined programs to execute day trades.

Interactive Brokers also offers a web-based alternative called “Client Portal”, a “light” version of TWS, which lets you keep track of your portfolio performance and other essential features with few constraints. The same goes for its mobile app, which enables you to check every piece of information on the go.

We opened an account and extensively tested TWS along with the mobile app. For traders looking for advanced charting tools and depth of market information, such as conference call transcripts, news, financial instrument info etc, Trader Workstation is truly indispensable. At the same time, the mobile app came in handy when we had to close a position on the go after a surprising market move. Likewise, the mobile app is excellent when you have idle cash on hand and see a good opportunity during a market pullback. We did have trouble finding specific options contracts on the mobile app, for example – thus, for niche financial instruments in which you have not traded recently and do not have an open position, you need the desktop version to get your work done in a timely manner.

View from Interactive Brokers Web Trader

eToro at a glance

eToro logo
Visit brokerRead review
Web and mobile versions
Free software (no fees to use it)
Customisable and user-friendly platform
Education, news, and analysis
Free Demo Account
View BrokerRead review

51% of retail CFD accounts lose money.

eToro offers one of the most intuitive and easy to learn trading platforms for day traders in Europe. The broker’s most distinctive feature is social trading, allowing you to copy the portfolios of successful traders or develop a community around your trading account.

The TipRanks research tab aggregates the cumulative knowledge of investors and experts from some of the world’s leading financial institutions, allowing you to get a quick idea of whether the stock you are trading is a buy, hold, or sell according to analyst consensus.

For traders looking for speed of execution, the platform offers One-click trading, allowing you to open a new position using ready-made parameters with a single click.

eToro is renowned for its user-friendly interface and excellent visualisation. ProCharts is a professional-grade technical analysis tool that compares charts from different financial instruments and/or time frames. Last but not least, the Economic calendar available to traders is one of the platform’s most useful features, allowing you to keep track of earnings reports, dividend payments, economic data releases, and more!

We opened an account and went through the app’s features with ease. Setting up trades is really intuitive, and exploring the stock-specific pages you are interested in is a real joy, bringing you tons of easy to read information. At the same time, the lack of more advanced instrument information may leave some traders disappointed. But for 99% of traders, especially beginners, eToro is an ideal trading platform to get started in the world of day trading!

View from eToro’s economic calendar

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

SaxoTraderGo at a glance

Saxo Bank logo
Visit brokerRead review
Desktop, web and mobile versions
Free software (no fees to use it)
Customisable and user-friendly platform
Education, news, and analysis
Free Demo Account
View BrokerRead review

62% of retail CFD accounts lose money.

Features three platforms for trading: SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO. Assuming that most people visiting this page have average knowledge of financial markets, we will focus on the middle one: SaxoTraderGO, which, by the way, is the most popular consumer-facing trading platform of the broker.

SaxoTraderGO is an award-winning web-based platform with crucial features: fundamental and technical analysis tools, an extensive charting package, performance analysis, a comprehensive account overview, and a user-friendly interface.

News and expert research are available through the proprietary SaxoStrats feature, with in-house analysts weighing in on the latest market trends. The Depth Trader feature lets you see all the buy and sell orders waiting to be executed so that you can manage your trades more effectively. 

Powerful risk management tools available to European day traders include the Account shield feature, which, if activated, can act as a stop loss on your entire account, closing all open positions and cancelling all orders. Sometimes, it is better to finish trading for the day at a small loss, allowing you to come back to the markets the next day!

Saxo Markets provides 24-hour support and educational resources for all types of traders. VIP traders can receive priority support and exclusive invitations to events.

View from SaxoTraderGO

XTB xStation 5 at a glance

XTB logo
Visit brokerRead review
Desktop, web and mobile versions
Free software (no fees to use it)
Customisable and user-friendly platform
Education, news, and analysis
Free Demo Account
View BrokerRead review

76-85% of retail CFD accounts lose money.

XTB offers Forex and CFD trading in some 6,000 instruments through its flagship xStation 5 platform. The trading interface has many distinctive features, including market sentiment, which pools the trading bias among all XTB clients on specific instruments, allowing you to get a quick feel on trader consensus.

European day traders can access comprehensive charting tools that incorporate risk management, allowing you to place take profit or stop loss levels directly on the charts you have just created!

The platform also incorporates news from in-house analysts and an economic calendar to keep track of all key financial developments.

View from xStation 5 showing risk management directly on the stock chart

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 76-85 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fusion Markets cTrader at a glance

Best day trading platforms in Europe in 2024 1
Visit brokerRead review
Desktop, web and mobile versions
Free software (no fees to use it)
Customisable and user-friendly platform
Education, news, and analysis
Free Demo Account
View BrokerRead review

74-89% of retail CFD accounts lose money.

Fusion Markets specialises in forex and CFD trading through its proprietary cTrader platform, but also offers the classic MetaTrader 5 for experienced traders.     

cTrader prides itself in niche features such as market depth, featuring standard market depth, price depth, as well as volume-weighted average price (VWAP) depth. The charting package is equally comprehensive, offering 26 different timeframes and over 70 inbuilt indicators to give you a more full-bodied overview of the market.

Once you are familiar with the platform, QuickTrade Mode allows you to pre-set your order type settings and risk management levels. Once done, you can execute trades with a single click!

For European day traders looking to complement their routine with algorithmic trading, cAlgo allows you to create powerful automated strategies and install your own trading bots.

View from cTrader showing market sentiment on Apple stock

Trading 212 at a glance

Trading 212 logo
Visit brokerRead review
Web and mobile versions
Free software (no fees to use it)
Customisable and user-friendly platform
Education, news, and analysis
Free Demo Account
View BrokerRead review

Investing involves risk of loss.

Trading 212 specialises in forex and CFD trading (Trading 212 CFD) but also offers regular stocks and ETFs (Trading 212 Invest). In total, you can access over 10,000 stocks and ETFs.

The broker has a detailed learning section on its website, available here. Novice traders can explore all the basic concepts of moving financial markets and get a quick start in investing.

A unique feature of Trading 212 available to European day traders is trading fractional shares during extended market hours. This gives you an extra nine and a half hours of trading time compared to other brokers.

Trading 212 is also unique in its exclusive sign-up bonuses, which you can access here.

Trading 212 distinguishes itself with free shares sign-up bonuses

Bottom Line

To sum it up, here’s a brief overview of our findings regarding the best day trading platforms in Europe:

  1. Interactive Brokers
    Best overall
  2. eToro
    Best for social trading
  3. Saxo Bank
    Best for powerful trading tools
  4. XTB
    Best for Forex and CFDs
  5. Fusion Markets
    Best for a quick sign-up process
  6. Trading 212
    Best for sign-up bonuses

With our comparison complete, here is what you need to do to get started on day trading in Europe:

  1. Find a suitable broker.  Make sure the broker works with residents of your country. Consider the fees and market access of the broker if you are interested in trading niche markets.
  2. Open an account and deposit money: After deciding which broker’s trading platform to use, you must go through the account opening process and deposit money.
  3. You can now day trade in Europe: Having considered the pros and cons of each broker and after going through the account opening process, you can take advantage of the endless possibilities offered by day trading!

We hope that this post addressed some of your concerns. Do your research to find the best investing strategy for you!

Happy investing!

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About the author
Ivo Kolchev
Investor & Finance Writer

Ivo is a former portfolio manager and financial advisor, turned into a freelance finance writer and stock trader. He enjoys following the financial markets and have invested for over ten years.

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