The Best Day Trading Platforms Australia are a combination of several factors, including low fees for high frequency trading along with educational resources and features that keep you one step ahead. In addition, day traders should consider whether a broker offers low latency and advanced order types to optimise their trading speed.

As a day trader, it is important to choose a broker with a variety of markets and assets. You should also check whether a broker offers real-time data analytics as well as the ability to customize your trading experience with custom indicators and charts. Lastly, if you plan to do day trading on international exchanges, take note of the time zone differences and currency conversion fees when purchasing shares in US dollars.

Best Day Trading Platforms in Australia: Fast & Efficient Trading

IG is a good choice for day trading in Australia as it offers more than 19,000 financial instruments and has low fees, particularly for frequent traders. For example, it charges AUD $5 per share when you buy shares on the ASX, but that fee drops if you trade three or more times a month or invest a minimum amount in Smart Portfolios.

It also has good educational resources and a free demo account that allows you to practice your skills. However, the broker does charge a monthly maintenance fee and has a few other non-trading fees that can add up, such as deposit/withdrawal fees and an inactivity fee.

eToro is another good choice for day traders as it has a large user base, a copy trading feature and an in-house trading platform called TN Trader. In addition, it offers multiple accounts, including an EDGE Standard account with no commissions on Australian or US shares and spreads from 1.0 pip. It also has a RAW ECN account with tighter spreads and a $3 commission per trade.…