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JustMarkets or AMarkets — What is the Right Broker for Every Day Trader?
Gaining instant profits from the market’s ups and downs is quite difficult, especially for beginners. But this is what day trading is about, and that’s where one can get results within a simple day. The question is, what is the perfect brokerage platform to gain these results? And who are the very best brokers for day trading that are flawless specifically for you?
To answer these and other questions, keep on reading, as today we’ll talk about day trading brokers. Let’s compare two top brokers for day trading — JustMarkets and AMarkets — to see which one offers more benefits and better conditions for you to start.
Short and Simple Overview of Day Trading
Before delving into day trading brokers’ reviews, we should find out (or remind ourselves) what day trading is.
What is Day Trading and How It All Works
Day trading is a process (or approach) of opening and closing deals in terms of one trading day. It works like this. A trader buys/sells assets in a fast-paced mode, benefiting from short-term changes in the price of stocks, currencies, etc. This trading type is about fast decisions and a good understanding of market dynamics, so you should prepare yourself before jumping in headfirst.
Greatest Perks of Day Trading
Day trading brings forth multiple benefits, among which:
- Tiny Holding Periods. Positions are held in a short period of time, i.e., for minutes/hours, sometimes (very rarely) overnight.
- Many, Many Trades. Day traders can close many deals throughout the day, taking advantage of small price changes.
- Fixating on Tech Analysis. To make better decisions, day traders work with technical analysis, different indicators, chart patterns, and so on.
- Gainful Leverage: In many cases, day traders use leverage to strengthen their positions. Note that it increases both gains and losses.
These perks are just drops in the ocean, but to start your day-trading path, it’s more than enough. Now on, let’s look at the risks day trading can keep under wraps.
The Risks of Day Trading: The Importance of Choosing the Right Broker
While being quite lucrative, day trading also has some hidden pitfalls, including:
- High Volatility and Market Uncertainty. Day trading means constantly dealing with high volatility, i.e., price movements that can swing extremely in minutes.
- Stress and Pressure. As day trading is fast-paced, it can lead to stress and even emotional breakdowns if you’re prone to these things.
- Questionable, Unsecure Broker. You should always check the broker’s reputation, fee structure, and conditions. It doesn’t mean that you shouldn’t give new brokers a chance. But we advise you to choose top brokers for day trading, like JustMarkets and AMarkets, because you can 100% trust them.
Summing things up, every coin has a silver line, and each day trade has its risk. To minimize that, consider working with reliable and well-known day trading brokers.
Strategies for Effective Day Trading
Now, when we talked about the benefits and risks of day trading, check the most popular strategies:
- Scalping. Executing many small trades to take advantage of small price movements.
- Momentum Trading. Trading on trends and high volume.
- Breakout Trading. Initiating positions when the price breaks through levels of resistance and support.
- Range Trading. Buying at support levels while selling at resistance within a specified range.
To make the most of these strategies, try each of them, experiment, and choose the one (or a few) that leads to the best results.
How to Pick the Best Day Trading Brokers
If you wonder what features good brokers for day trading should have, see the key criteria in the list:
- User-Friendly Platform for All. The brokerage platform should be intuitive and feature-rich at the same time.
- Tight Spreads, Affordable Commission. To maximize traders’ profits, the broker must offer low spreads and commissions.
- Appropriate Leverage and Margin. The platform needs to provide good leverage options you can easily use.
- 24/7 Multilingual Customer Support. Besides the best trading conditions, the broker must also offer great support in many languages.
This isn’t a full list of peculiarities to consider when searching for the best day trading brokers online. We recommend you end this list with your own dos and don’ts. All because no one knows better than you what day trading with interactive brokers, like JustMarkets and AMarkets, must look like.
Comparing JustMarkets and AMarkets
That’s it! Finally, we’re going to compare JustMarkets and AMarkets, the two best online brokers for day trading in the market.
JustMarkets Overview: Key Features and Benefits
Let’s start with JustMarkets, a globally recognized broker in more than 160 countries. See what the company brings to the table below, and make your own conclusions.
Feature | Description |
Low Spreads | JustMarkets offers some of the tightest spreads (from 0.0 pips). |
Leverage | The broker allows the opening of deals of any volume with leverage up to 1:3000. |
Trading Platforms | Traders can choose from MetaTrader 4 and MetaTrader 5 for desktop and mobile. |
Trading Instruments | JustMarkets provides access to commodities, indices, digital assets, metals, and Forex pairs. |
Order Execution Time | Execution of market orders from 0.01s. |
Demo Trading | Demo trading option for beginners who want to see how things work. |
Swap-Free Trading | The swap-free option is available for all clients. |
Supported Languages | 17 supported languages to choose from. |
Overview of AMarkets: Main Features and Advantages
Now, let’s move on to AMarkets, one of the best interactive brokers for day trading.
Feature | Description |
Low Spreads | AMarkets provides some of the smallest spreads (from 0.0 pips), which enables traders to save money. |
Leverage | The broker allows the opening of deals of any volume with leverage up to 1:3000. |
Trading Platforms | Traders can choose from MetaTrader 4 and MetaTrader 5 for desktop and mobile. |
Trading Instruments | AMarkets provides access to commodities, indices, digital assets, metals, bonds, and Forex pairs. |
Order Execution Time | Execution of market orders from 0.03s. |
Demo Trading | Demo trading option for beginners who want to see how things work. |
Supported Languages | 5 supported languages to choose from. |
Comparison of Trading Conditions of Two Best Brokers for Day Trading
As a cherry on the cake, we want to summarize all in a simpler table. See for yourself a comparison and decide which broker is right for you.
Feature | JustMarkets | AMarkets |
Low Spreads | From 0.0 pips | From 0.0 pips |
Leverage | Up to 1:3000 | Up to 1:3000 |
Trading Platforms | MT5, MT4 | MT5, MT4 |
Trading Instruments | Commodities, indices, digital assets, metals, and Forex | Commodities, indices, digital assets, metals, bonds, and Forex |
Order Execution Time | From 0.01s | From 0.03s |
Demo Trading | Yes | Yes |
Swap-Free Trading | Yes, for everyone | No, limited |
Supported Languages | 17 | 5 |
FAQ
Both JustMarkets and AMarkets offer pleasant bonuses and promotions to their clients. Although they are not specifically for day trading, they are suitable for this strategy as well. For example, both brokers have a No Deposit Fees bonus that save traders lots of money. Read more on their official websites.
Day trading with interactive brokers can be even more beneficial if you know what financial instruments are most suitable for this type of trading. In most cases, ideal instruments for day trading are major Forex pairs like EUR/USD, stock indices such as S&P 500, and liquid commodities like gold — all because of their high liquidity and volatility that are suitable for short-term trading strategies.
Both brokers have a section with articles and other study material for beginners or those who want to delve deeper into the topic. To find them, again, check the official websites of JustMarkets and AMarkets and see what day trading brokers have to show you. Also, don’t forget to try their demo accounts to make sure you’re not just cramming the theory but studying in practice.