Page Summary
The best crypto day trading platforms are eToro, AvaTrade, Robinhood, Binance, Capital.com, and Interactive Brokers. eToro has the best crypto day trading platform with trustworthy social trading services. AvaTrade offers a beginner-friendly platform on MT4. We recommend Robinhood for U.S.A.-based traders interested in micro-investing.
Each trading platform has strengths and weaknesses. This article discusses the best crypto day trading platforms.
6 Best Day Trading Platforms for Cryptocurrencies:
- eToro – has the best best overall offer for crypto day trading
- AVAtrade – has the best platform on MT4
- Robinhood – has the best crypto day trading platform for micro-investing (U.S.A. only)
- Binance – has the best Bitcoin trading platform for day traders
- Capital.com – has the best crypto day trading platform for beginners
- Interactive Brokers – has the best crypto day trading platform for Bitcoin futures
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | eToro | Premium research tools | 4,9/5 | Best overall offer | Official website |
| #2 | AVAtrade | Low spreads and trading fees | 4,9/5 | Best MT4 platform | Official website |
| #3 | Robinhood | Excellent mobile trading app | 3,9/5 | Best for micro-investing | Official website |
| #4 | Binance | Low commission fees of 0.1% | 3,1/5 | Best for Bitcoin day traders | Official website |
| #5 | Capital.com | Valuable research tools | 4,8/5 | Best for beginners | Official website |
| #6 | Interactive Brokers | Good choice for traders at all levels | 4,9/5 | Best for Bitcoin futures | Official website |
Best Crypto Day Trading Platforms in Overview:
1. eToro – Overall Best Brokers
Min Deposit: $200
Fees: 4.8
Assets available: 4.8
Total Fees:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
eToro is the leading social trading brokerage firm with an excellent day trading platform. It offers a proprietary platform, a web platform, and a dedicated social trading space.
This broker offers premium research tools, including social sentiment and an economic calendar. eToro has some of the best day trading services for experienced investors.
2. AVAtrade – Best Platform On MT4
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AvaTrade has an excellent trading platform with low spreads and trading fees. It offers many educational and research tools, including tutorials and free courses.
This broker has a straightforward web, desktop, and mobile platform. It provides one of the best crypto day trading platforms on MT4 with access to social trading tools. It is a top choice for traders of all levels.
3. Robinhood – Best Trading Platform For Micro Investing
Robinhood is a leading U.S. broker with premium services for micro-investing. It has a versatile portfolio with professional tools.
This broker has an excellent mobile trading app with secure authentication and many trading features. It is a top choice for micro-investing because of its professional research tools. Robinhood has reliable platforms designed for professional investors. You must have a valid social security number (SSN) and a valid U.S.-based address to open an account at Robinhood.
4. Binance – Best For Day Traders
Binance is a leading cryptocurrency exchange with the best platforms and services for Bitcoin day trading. It offers access to hundreds of digital currencies, including Bitcoin.
Binance has low commission fees of 0.1%. It provides access to advanced charting and analysis tools. Binance is a good fit for professionals, as its learning tools are limited. It has many premium services, including crypto staking.
5. Capital.com – Best For Beginners
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
Capital.com is a leading CFD and forex broker with top-tier licenses. It is a good fit for traders searching for trustworthy day trading platforms and beginner-friendly services.
Capital.com has web, mobile, and desktop platforms. All have intuitive interfaces and two-step authentication. This broker offers valuable research tools, including trading ideas. We recommend it for beginner investors, as it provides educational articles, webinars, and videos.
6. Interactive Brokers – Best For Bitcoin Futures
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Interactive Brokers is a trustworthy brokerage firm with a competitive pricing structure for day trading. It offers a virtual trading account, a proprietary platform, and a professional app.
This broker has an impressive portfolio contributing to an outstanding day trading experience. It offers access to a versatile portfolio, including Bitcoin futures. Interactive Brokers is a good choice for traders at all levels.
What Is Crypto Day Trading?
Crypto day trading is similar to forex trading. It involves trading pairs and speculating on the short-term value of a digital currency. For example, if you wanted to trade Ethereum against the U.S. dollar, it would be displayed as ETH/USD. The goal is to speculate on whether the exchange rate will rise or fall. If you do it correctly, you will make a profit.
What Is The Best Currency For Day Trading?
Bitcoin is the best cryptocurrency for day trading, and the pair BTC/USD is the best market to focus on. Check our in-depth reviews to learn more about cryptocurrency and day trading.
Related: How To Buy Bitcoin in UAE and Dubai, Best Cryptocurrency Exchanges 2023
Which Is The Best Day Trading Strategy?
Day trading is a top choice for professional traders, as beginners lack the necessary knowledge for technical analysis and chart reading. There are many crypto day trading strategies recommended for new traders.
- Copy trading is a top choice for day trading crypto. It refers to copying an experienced crypto trader trade-for-trade.
- Following crypto signals is a day trading strategy popular with inexperienced trades. A signal will tell the trader what positions to place.
- Day trading robots are available through MT4. The software will have a list of pre-defined conditions which the robot will follow.
Related: Best day trading apps, Best day trading simulators
Final Verdict
eToro, AvaTrade, Robinhood, Binance, Capital.com, and Interactive Brokers are the best crypto day trading platforms. Our top choice is eToro, as it has some of the best platforms for day trading with excellent social trading services. AvaTrade offers the best crypto day trading platform on MT4 for traders at all levels. We recommend Capital.com for beginners searching for a straightforward day trading platform.
FAQ
Is Day Trading Available In the U.S.?
Yes, day trading crypto is available in the U.S. However, crypto CFDs are not legal in the U.S. Read our in-depth review to learn more about crypto day trading and availability.
Is It Safe To Use A Day Trading Platform?
There are many crypto day-trading platforms available, but most are unregulated. It is best to choose a top-tier broker to keep your money safe. eToro and AvaTrade are two examples of top-tier brokers. Check our in-depth reviews to read about online brokers and top-tier licenses.
Do Day Trading Platforms Accept PayPal?
Regulated online brokers support PayPal deposits and withdrawals. It is best to check the funding options before choosing a provider.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.