Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Pre-market and After-hours Trading Brokers

Pre-market and after-hours brokers offer equity traders the ability to trade before the official markets open and after they close.

This is designed to help you to make an informed decision about whether to participate in pre-market and after-hours trading, or to stick to regular market hours.

1
4.9/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Quality education for beginner traders & actionable trading signals.
24/5 low-latency market access via VPS & payment processor choices.
2
4.9/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Industry-leading education via the Ava Academy.
A well-balanced asset selection, including options, ETFs, and cryptocurrencies.
3
4.8/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
24/7 multilingual customer support and daily reports via FP Markets newsletter.
An excellent choice of payment processors, including 15+ cryptocurrencies.
4
4.7/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Quality education and research via Eightcap Labs and Eightcap Trade Zone for beginners.
Competitive commission-based trading costs and a well-balanced asset selection.
5
4.6/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Autochartist plugin for MT4 and MT5 trading platforms.
API trading for algorithmic traders and VPS hosting for 24/5 low latency market access.

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • FP Markets, ECN trading with leverage up to 1:500.
  • Eightcap, Competitive pricing + excellent daily videos.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.

Best Pre-market and after-hours Brokers Comparison

Regulators
CMA, CySEC, FCA, FSC Mauritius, FSCAASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFIDASIC, CySEC, FSCAASIC, CySEC, FCA, SCBFMA, FSA
Year Established
20112006200520092014
Execution Type(s)
ECN/STP, Market MakerMarket MakerECN/STPECN/STP, Market MakerECN/STP, No Dealing Desk
Minimum Deposit
$200
$100
$100
$100
$0
Average Trading Cost EUR/USD
0.1 pips0.9 pips1.1 pips1.0 pips1.3 pips
Average Trading Cost GBP/USD
0.2 pips1.5 pips1.4 pips1.2 pips2.0 pips
Average Trading Cost Gold
$0.18 $0.29 $0.21 $0.12 $0.90
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformOther, MetaTrader 4, MetaTrader 5, Web-based+MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedMetaTrader 4, MetaTrader 5, Trading ViewMetaTrader 4, MetaTrader 5, Trading View
Islamic Account
Negative Balance Protection

FXTM

In Summary Best all-around broker with high floating leverage and fast execution

FXTM is among the pre-market and after-hours brokers with the lowest fees. For a minimum deposit of only $500, the FXTM Advantage account offers raw spreads of 0.0 pips for a commission of $0.80 and $4.00 per 1.0 standard round lot. The cutting-edge trading infrastructure includes a high-quality price improvement technology that decreases trading fees by an average of $3.00 per round lot. It makes FXTM ideal for scalpers and algorithmic traders.

Traders get MT4/MT5, and FXTM upgrades MT4 with its Pivot Point Strategy plugin. The user-friendly mobile app FXTM Trader and FXTM Invest cater to mobile and copy traders.

Read more on FXTM »
4.9/5 in this category

Pros & Cons

  • Excellent commission-based Forex pricing environment and transparency
  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
  • Quality market research and educational content for beginner traders
  • A highly regulated broker with a tier-1 license
  • No cryptocurrencies and limited choice of commodities

AvaTrade

In Summary Highly regulated, choice of fixed or floating spreads

AvaTrade presents the most trading platform choices within our pre-market and after-hours brokers listing. Traders can use the proprietary WebTrader and the mobile app AvaTradeGO, which come with embedded Trading Central services. They may also opt for the specialized Ava Option and Ava Social alternatives. Algorithmic trades get MT4/MT5, and VPS hosting ensures 24/5 low-latency market access. Third-party copy trading provider DupliTrade is also available.

Beginners benefit from the MT4 Guardian Angel plugin and the fee-based Ava Protect insurance policy. Passive income seekers will benefit from the high-paying affiliate program with 145,000 registered partners and $300,000,000+ in commission payouts.

Read more on AvaTrade »
4.9/5 in this category

Pros & Cons

  • High quality educational offering via AvaAcademy
  • Excellent choice of trading platforms catering to various trading needs
  • Broad asset selection and cross-asset diversification opportunities
  • Well-regulated and trusted broker with oversight from a central bank
  • Trading costs competitive but nothing special

FP Markets

In Summary ECN trading with leverage up to 1:500

FP Markets maintains the most passive trading services from our pre-market and after-hours brokers analysis. Copy traders may use embedded MT4/MT5/cTrader copy trading services, the proprietary FP Markets alternative, the well-known Myfxbook Autotrade service, or fee-based Signal Start. MAM/PAMM accounts for licensed account managers provide traditional account management services.

Quality education and research exist for beginner traders, and FP Markets features a well-balanced asset selection with competitive, commission-based trading fees. A 12-plugin upgrade package plus Trading Central and Autochartist services upgrade the out-of-the-box MT4/MT5. FP Markets also shines with its high-paying affiliate program and fast payment processing times.

Read more on FP Markets »
4.8/5 in this category

Pros & Cons

  • Choice of trading platforms and auxiliary trading tools
  • Very competitive cost structure and excellent asset selection
  • Low minimum deposit requirement and leverage of up to 1:500
  • Well-regulated and trustworthy
  • Availability of Iress geographically restricted

Eightcap

In Summary Competitive pricing + excellent daily videos

Eightcap has the most cutting-edge trading tools within our pre-market and after-hours brokers lisdting. Capitalise AI for MT4 is the most exceptional one. It supports algorithmic trading in a code-free environment, granting a notable competitive edge. MT5 traders get the FlashTrader plugin, and the dedicated cryptocurrency solution Crypto Crusher assists cryptocurrency traders.

The AI-powered economic calendar helps news traders. Eightcap connects social traders to the active TradingView community, where 50M+ traders share ideas. Copy traders can rely on the trusted embedded MT4/MT5 copy trading services. A highly rated affiliate program offers passive income opportunities with good payment processor choices.

Read more on Eightcap »
4.7/5 in this category

Pros & Cons

  • Low minimum deposit and high leverage of up to 1:500
  • Competitive cost structure
  • Excellent technology infrastructure and seasoned management team
  • Daily research and quality educational content
  • Limited leverage in some areas

BlackBull Markets

In Summary Best ECN trading environment, with scalping and hedging

BlackBull Markets provides the best asset selection and liquidity from our pre-market and after-hours brokers list. Traders can diversify portfolios with 26,000+ assets, including physical investments. BlackBull Markets features superb data feeds from 66+ third-party providers and access to deep liquidity pools, making it an ideal choice for scalpers and algorithmic traders.

Traders benefit from competitively priced, commission-free, or commission-based ECN accounts and cutting-edge trading infrastructure. Embedded MT4/MT5 copy trading services, the proprietary BlackBull Markets alternative, ZuluTrade, and Myfxbook Autotrade cater to copy traders. BlackBull Markets also connects clients to TradingView, where they may engage with 50M+ traders.

Read more on BlackBull Markets »
4.6/5 in this category

Pros & Cons

  • ECN/NDD execution model with deep liquidity
  • Institution-grade pricing for retail traders via proprietary price aggregation
  • ZuluTrade and Myfxbook for social trading
  • Leverage of up to 1:500
  • Limited deposit options

What is Pre and After-hours Trading?

Pre-market trading refers to trading before the official opening bell of equity markets, and after-hours trading refers to trading after the official closing bell. Pre-market and after-hours brokers allow traders access to all the available trading hours. Most activity in pre-market and after-hours trading occurs by institutional and professional traders.

Since Forex, commodities, and indices trade 24/5 and cryptocurrencies 24/7, pre-market and after-hours trading applies to equity trading and ETFs that are unavailable 24/5.

How Does Pre-Market Trading Work?

Pre-market trading works identically to regular market trading. Traders must analyze assets, determine if they wish to buy and sell, and how much they want to trade.

Here are the core differences between pre-market and regular market trading:

  • There is less liquidity, therefore, wider spreads resulting in higher fees and lower profit potential.
  • Traders must accept more volatility.
  • Some pre-market and after-hours brokers charge higher fees for pre-market trading.
  • Algorithmic trading solutions deployed by institutional and professional traders handle most pre-market trading volumes.

What Time Is Pre-Market and After-Hours Trading?

It depends on the equity markets and the pre-market and after-hours brokers. For example, the opening bell is at 09:30 and 16:00 Eastern Standard Time in the US. The pre-market hours are from 08:00 to 09:30, but some markets may start as early as 04:00. After-hours trading is available from 16:00 to 20:00. Not all pre-market and after-hours brokers allow pre-market trading from 04:00.

How Pre-Market and After-Hours Trading Can Affect Market Hours Trading

Pre-market trading can set trends and result in breakouts/breakdowns or trading gaps at the open, as official market prices catch up with pre-market trading action. After-hours trading can set the tone for the next trading session, especially following earnings releases. Pre-market and after-hours brokers allow traders to take advantage of early and late trends, but traders must understand the pros and cons of being active in either market.

Pros And Cons of Brokers with Pre-Market Trading

Traders should consider the pros and cons of pre-market trading before choosing their preferred pre-market and after-hours brokers.

The pros of pre-market trading are:

  • Earlier start to capture trends.
  • Ability to trade more hours and take advantage of more opportunities.
  • Quick reaction times to news, especially core economic releases.
  • Low-latency algorithmic trading.

The cons of pre-market trading are:

  • Less liquidity due to fewer market participants.
  • More volatility related to low liquidity.
  • Unreliable pricing.
  • Trading against algorithms deployed by institutional and professional traders.
  • Potentially higher trading fees, either via wider spreads or additional broker commissions.

Bottom Line

Pre-market and after-hours brokers offer traders access to pre-market and after-hours trading, which can define regular market trading and set up price action for the next trading session. While it opens up several lucrative opportunities for traders, they should also consider the downsides.

More brokers offer pre-market and after-hours trading to meet growing demand. The low-liquidity, high-volatility trading environment, where retail trades often face off against algorithmic trading solutions deployed by institutional and professional traders, comes with its set of trading rules that are not welcoming to retail traders who often fail to comprehend how price action differs from regular trading.

You might also be interested in reviewing the below top brokers:

FAQs

Who trades pre-market?

Where can I trade at 4 a.m.?

Is it OK to buy pre-market?

How do I invest in pre-market trading?

Which brokers allow after-hours trading?

Is after-hours trading illegal?

Is there a way to trade after-hours?

Can you make money pre-market trading?

FAQs

Who trades pre-market?

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Most pre-market trading comes from institutional and professional traders, but more brokers are now offering pre-market trading to retail traders.

Where can I trade at 4 a.m.?

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Some brokers offer pre-market trading from 4 a.m., but they are rare, as most brokers with retail traders allow trading from 7 a.m. or from 8 a.m.

Is it OK to buy pre-market?

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There is nothing wrong with buying assets during the pre-market as long as traders understand the risks, which include more volatility, less liquidity, and trading against algorithms deployed by institutional and professional traders.

How do I invest in pre-market trading?

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Investors can participate in pre-market trading only if their brokers offer pre-market access.

Which brokers allow after-hours trading?

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Usually, all brokers that offer pre-market trading also allow after-market trading to cover the entire trading range.

Is after-hours trading illegal?

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After-hours trading is 100% legal, and quality equity brokers offer clients after-hours market access.

Is there a way to trade after-hours?

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Traders can trade after-hours if their broker supports after-hours trading and has the necessary infrastructure to facilitate it.

Can you make money pre-market trading?

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Traders can make money in pre-market trading if they have the proper knowledge and strategy. The same principles apply as they do to any form of trading.

Christopher Lewis
About Christopher Lewis

Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.