Best Brokers With Pre-Market Trading 2025

Jump into our top brokers with pre-market access to benefit from strategic entries, react to news, and gain a head start before the regular market opens.

Author Image Writer
Paul Holmes
Checker Image Fact Checker
Tobias Robinson
Editor Image Editor
James Barra
Brokers With:
Extended Hours
Showing top 5 of 9 matching brokers.
  1. 1
    Trust Platform Assets Fees Accounts Research Education Mobile Support 4.3
    Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
    Demo Account
    Yes
    Minimum Deposit
    $0
    Minimum Trade
    $100
    Leverage
    1:50
    Copy Trading
    No
    Regulator
    FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
    Instruments
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
    Platforms
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower
    Account Currencies
    USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF
    Automated Trading
    Capitalise.ai & TWS API
    AI
    Yes
    Guaranteed Stop Loss
    No
  2. 2
    Trust Platform Assets Fees Accounts Research Education Mobile Support 3.4
    eToro is a platform for social investing that provides options for both short and long-term trading on stocks, ETFs, options, and crypto. The platform is recognized for its easy-to-use, community-oriented interface and reasonable fees. With oversight from FINRA and SIPC, and used by millions globally, eToro is a reputed name in the industry. Trading on eToro is facilitated by eToro USA Securities, Inc.
    Demo Account
    Yes
    Minimum Deposit
    $100
    Minimum Trade
    $10
    Leverage
    No
    Copy Trading
    Yes
    Regulator
    SEC, FINRA
    Instruments
    Stocks, Options, ETFs, Crypto
    Platforms
    eToro Trading Platform & CopyTrader
    Account Currencies
    USD
    Automated Trading
    No
    AI
    No
    Guaranteed Stop Loss
    No
  3. 3
    Trust Platform Assets Fees Accounts Research Education Mobile Support 4.3
    Moomoo is a regulated trading platform which is controlled by SEC. It provides a simple, cost-effective method to trade in stocks, ETFs, and various assets from China, Hong Kong, Singapore, the US, and Australia. They provide the option for margin trading, along with no deposit account and several bonus options.
    Demo Account
    Yes
    Minimum Deposit
    $0
    Minimum Trade
    $0
    Leverage
    1:2
    Copy Trading
    No
    Regulator
    SEC, FINRA, MAS, ASIC, SFC
    Instruments
    Stocks, Options, ETFs, ADRs, OTCs ,Futures
    Platforms
    Desktop Platform, Mobile App
    Account Currencies
    USD, HKD, SGD
    Automated Trading
    No
    AI
    No
    Guaranteed Stop Loss
    No
  4. 4
    Trust Platform Assets Fees Accounts Research Education Mobile Support 4.6
    Founded in 1999, Deriv is an innovative broker serving over 2.5 million global clients. The firm offers CFDs, multipliers, and recently, accumulators, along with unique derived products for flexible short-term trading.
    Demo Account
    Yes
    Minimum Deposit
    $5
    Minimum Trade
    0.01 Lots
    Leverage
    1:1000
    Copy Trading
    Yes
    Regulator
    MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA
    Instruments
    CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs
    Platforms
    Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView
    Account Currencies
    USD, EUR, GBP
    Automated Trading
    Expert Advisors (EAs) on MetaTrader, DBots
    AI
    No
    Guaranteed Stop Loss
    No
  5. 5
    Trust Platform Assets Fees Accounts Research Education Mobile Support 4.7
    Established in 1989, CMC Markets is a reputable brokerage firm authorized by various top regulators such as the FCA, ASIC and CIRO, and is listed on the London Stock Exchange. They boast a global client base of over 1 million traders and have received numerous awards.
    Demo Account
    Yes
    Minimum Deposit
    $0
    Minimum Trade
    0.01 Lots
    Leverage
    1:30 (Retail), 1:500 (Pro)
    Copy Trading
    No
    Regulator
    FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
    Instruments
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting
    Platforms
    Web, MT4, TradingView
    Account Currencies
    USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN
    Automated Trading
    Expert Advisors (EAs) on MetaTrader
    AI
    No
    Guaranteed Stop Loss
    Yes

Compare Brokers For Pre-Market Trading

Broker
US Flag
USD Account
Fast Execution
Interactive Brokers
eToro USA
Moomoo
Deriv
CMC Markets
Broker
US Flag
USD Account
Fast Execution

Broker Details Comparison

Broker
Demo Account
Minimum Deposit
Minimum Trade
Leverage
Assets
Platforms
Interactive Brokers $0 $100 1:50 Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower
eToro USA $100 $10 Stocks, Options, ETFs, Crypto eToro Trading Platform & CopyTrader
Moomoo $0 $0 1:2 Stocks, Options, ETFs, ADRs, OTCs ,Futures Desktop Platform, Mobile App
Deriv $5 0.01 Lots 1:1000 CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView
CMC Markets $0 0.01 Lots 1:30 (Retail), 1:500 (Pro) CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting Web, MT4, TradingView
Broker
Demo Account
Minimum Deposit
Minimum Trade
Leverage
Assets
Platforms

Safety Comparison

Compare how safe the Best Brokers With Pre-Market Trading 2025 are.

Broker
Trust Rating
Guaranteed Stop Loss
Negative Balance Protection
Segregated Accounts
Interactive Brokers
4.5
eToro USA
3.3
Moomoo
4.7
Deriv
3.5
CMC Markets
4.8
Broker
Trust Rating
Guaranteed Stop Loss
Negative Balance Protection
Segregated Accounts

Mobile Trading Comparison

Compare the mobile trading features of the Best Brokers With Pre-Market Trading 2025.

Broker
Mobile Apps
iOS Rating
Android Rating
Smart Watch App
Interactive Brokers iOS & Android
4.3
4.5
eToro USA iOS & Android
4.3
4.0
Moomoo Yes (iOS & Android)
4.6
3.3
Deriv iOS & Android
4.2
4.5
CMC Markets iOS & Android
4.1
3.7
Broker
Mobile Apps
iOS Rating
Android Rating
Smart Watch App

Comparison for Beginners

Compare how suitable the Best Brokers With Pre-Market Trading 2025 are for beginners.

Broker
Demo Account
Minimum Deposit
Minimum Trade
Education Rating
Support Rating
Fractional Shares
Demo Competitions
Interactive Brokers $0 $100
4.3
3.0
eToro USA $100 $10
3.0
3.0
Moomoo $0 $0
4.4
2.8
Deriv $5 0.01 Lots
3.8
3.8
CMC Markets $0 0.01 Lots
4.3
4.5
Broker
Demo Account
Minimum Deposit
Minimum Trade
Education Rating
Support Rating
Fractional Shares
Demo Competitions

Comparison for Advanced Traders

Compare how suitable the Best Brokers With Pre-Market Trading 2025 are for advanced or professional traders.

Broker
Automated Trading
VPS
API
AI
Pro Account
Leverage
Low Latency
Extended Hours
Interactive Brokers Capitalise.ai & TWS API 1:50
eToro USA
Moomoo 1:2
Deriv Expert Advisors (EAs) on MetaTrader, DBots 1:1000
CMC Markets Expert Advisors (EAs) on MetaTrader 1:30 (Retail), 1:500 (Pro)
Broker
Automated Trading
VPS
API
AI
Pro Account
Leverage
Low Latency
Extended Hours

Accounts Comparison

Compare the trading accounts offered by Best Brokers With Pre-Market Trading 2025.

Broker
Demo Account
Interest on Cash
Islamic Account
Joint Account
Managed Account
PAMM
MAM
LAMM
Pro Account
Interactive Brokers USD: 4.8%, GBP: 4.7%
eToro USA USD: 4.9%
Moomoo USD: 5.1%
Deriv
CMC Markets
Broker
Demo Account
Interest on Cash
Islamic Account
Joint Account
Managed Account
PAMM
MAM
LAMM
Pro Account

Detailed Rating Comparison

Compare how we rated the Best Brokers With Pre-Market Trading 2025 in key areas.

Broker
Trust
Platforms
Assets
Mobile
Fees
Accounts
Research
Education
Support
Interactive Brokers
4.5
3.3
4.6
4.4
4.3
3.5
4.4
4.3
3.0
eToro USA
3.3
3.5
2.9
4.2
3.4
3.0
3.5
3.0
3.0
Moomoo
4.7
3.0
3.0
4.0
3.8
3.3
3.8
4.4
2.8
Deriv
3.5
4.5
4.8
4.4
3.3
4.0
2.5
3.8
3.8
CMC Markets
4.8
4.3
4.6
3.9
4.3
4.5
4.5
4.3
4.5
Broker
Trust
Platforms
Assets
Mobile
Fees
Accounts
Research
Education
Support

Fee and Cost Comparison

Compare the cost of trading with the Best Brokers With Pre-Market Trading 2025.

Broker
Cost Rating
Fixed Spreads
Inactivity Fee
CFD Stocks Spread
EUR/USD Spread
Crypto Spread
Interactive Brokers
4.3
$0 0.003 0.08-0.20 bps x trade value 0.12%-0.18%
eToro USA
3.4
$10 $0 BTC 0.75%
Moomoo
3.8
$0 $0 per trade
Deriv
3.3
$25 0.59 (Apple) 1.4 From 0.5
CMC Markets
4.3
$10 0.02 0.7 From 1.3
Broker
Cost Rating
Fixed Spreads
Inactivity Fee
CFD Stocks Spread
EUR/USD Spread
Crypto Spread

Broker Popularity

See how popular the Best Brokers With Pre-Market Trading 2025 are in terms of number of clients.

Broker Popularity
Moomoo
24,000,000
Interactive Brokers
3,500,000
eToro USA
3,200,000
Deriv
2,500,000
CMC Markets
300,000

Why Trade With Interactive Brokers?

Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Christian Harris
Review Author

Pros

  • IBKR offers exceptional access to global stocks, with thousands of equities available from over 100 market centers in 24 countries, including the recent addition of the Saudi Stock Exchange.
  • There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
  • Interactive Brokers was named Best US Broker for 2025 by DayTrading.com for its dedication to US traders, ultra-low margin rates, and affordable global market access.

Cons

  • TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
  • IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
  • Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.

Why Trade With eToro USA?

eToro is a top choice for traders due to its top-notch social investing and copy trading services. The broker caters well to new traders with its low deposit requirement, commission-free trading, and user-friendly platform.

Pros

  • The broker's Academy provides extensive educational resources for traders, ranging from beginners to advanced levels.
  • The online broker provides a user-friendly social investment network for easy crypto trading replication.
  • eToro USA Securities is a reliable broker that's regulated by the SEC, part of FINRA, and a member of SIPC.

Cons

  • The exclusive terminal does not accommodate trading bots and lacks extra equity market analysis tools.
  • There are fewer trading options available, including only stocks, ETFs, and cryptos, compared to competitors.
  • Traders used to third-party charting tools won't find MetaTrader 4 platform integration.
Go to eToro USA
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Why Trade With Moomoo?

Moomoo is a great option for beginner and intermediate traders aiming to diversify their investment portfolio. The brokerage's app is easily navigable and the trading fees are significantly low.

Pros

  • The 'Moomoo Token' produces changing passwords to enhance transaction security - a distinctive and practical safety measure for traders.
  • Moomoo's insights and analytics are more comprehensive and detailed than other brands.
  • The broker provides early access to trading hours before the market opens.

Cons

  • Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
  • The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
  • The broker doesn't offer phone or live chat support, options typically provided by other brokers.

Why Trade With Deriv?

Deriv is perfect for active traders looking for unique methods to engage with global financial markets. It offers multipliers, accumulator options, and exclusive synthetic indices that simulate real market movements and are accessible 24/7, ensuring continuous trading opportunities outside regular market hours.
Christian Harris
Review Author

Pros

  • Deriv offers unique products like multipliers, derived indices, and accumulator options, providing exclusive short-term trading opportunities.
  • After incorporating TradingView and MT5 web trader, Deriv now provides top-quality charting tools across desktop, web, and mobile.
  • Account funding is simple with a low minimum deposit of $5 and many payment options, including Tether, added in 2023.

Cons

  • The Academy, launched in 2021, is a positive step, but it offers limited education on advanced trading topics for experienced traders and lacks live webinars to train new traders.
  • Leverage up to 1:1000 attracts traders with high risk tolerance, but it's disappointing that leverage can't be adjusted in the account settings.
  • Besides the MFSA in the EU, Deriv does not have high-level regulatory credentials, which decreases protections such as access to investor compensation.

Why Trade With CMC Markets?

CMC Markets offers a great online platform for traders. It has advanced charting tools and a wide variety of CFDs to trade, including a large selection of currencies and customized indices. It caters to traders at all levels.
Christian Harris
Review Author

Pros

  • The brokerage excels by offering various useful resources. These include scanners that identify trading patterns, webinars, tutorials, updates from news outlets, and research from esteemed companies like Morningstar.
  • CMC provides great pricing, with narrow spreads and low fees for trading except for stock CFDs. The Alpha and Price+ programs also give benefits to active traders, including up to 40% spread discounts.
  • We upgraded its 'Assets & Markets' rating due to frequent product additions in early 2025, including extended hours trading on US stocks and new share CFDs.

Cons

  • The CMC Markets app provides full trading services, but its design and user experience are not as good as leading competitors such as eToro.
  • Trading stock CFDs carries a comparatively high commission charge, particularly when contrasted with more affordable brokers such as IC Markets.
  • A $10 monthly inactivity fee is charged after one year of no trading activity. This could discourage occasional traders.
Go to CMC Markets
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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Methodology

To find the best brokers for pre-market trading, we analyzed 200+ metrics for each firm in our directory, including noting early market access, execution speed, and trading tools.

Our research included hands-on testing of trading software to assess the real user experience. Each broker received an overall score, and we ranked them accordingly to help traders maximize pre-market opportunities.

What to Look for in a Pre-Market Broker

Choosing the right broker for pre-market trading isn’t just about who offers the earliest hours. It’s about finding a platform that equips you with the tools, reliability, and support to navigate this fast-paced, often unpredictable environment.

Here’s a detailed breakdown of the must-have features:

Extended Trading Hours (But Check the Fine Print)

Not all brokers offer the same pre-market window. The best ones provide access as early as 4:00 AM ET (some even earlier, like 3:45 AM ET). Look for:

  • Start and end times: Does the broker’s pre-market align with your strategy? For example, if you trade earnings reports released at 5:00 AM ET, you need a broker active by then.
  • After-hours trading included: The best brokers bundle pre-market and after-hours (4:00 PM–8:00 PM ET) access, giving you flexibility.
  • Holiday trading: Some brokers halt extended holiday hours, so confirm their calendar.

Expert take: I’d look for a broker who offers pre-market hours of 4:00 AM – 9:30 AM ET and after-hours hours of 4:00 PM – 8:00 PM ET, even on most market holidays.

CMC Markets ticks these boxes after improving its extended hours trading offering in 2025, now offering customers access to stocks well before the NYSE and NASDAQ open for regular trading.

Advanced Order Types

Pre-market’s thin liquidity means you need precise control over trades. Prioritize brokers that offer:

  • Limit orders: Set your exact entry/exit price to avoid getting burned by volatility.
  • Stop-loss orders: Protect yourself from sudden drops (though note: stops can trigger unexpectedly in low volume).
  • Conditional orders: Automate trades based on news triggers or price thresholds (e.g., “Buy AAPL if futures rise 1%”).

Pro tip: Avoid market orders in the pre-market. If there are no sellers, you might buy a stock at a 10% premium.

Real-Time Data & Research Tools

You can’t make smart pre-market moves without real-time insights. Top firms provide:

  • Level 2 Quotes: See the order book (bid/ask sizes) to gauge supply and demand.
  • Pre-Market Gainers/Losers Lists: Spot momentum early.
  • News Integration: Instant alerts for earnings, FDA approvals, or geopolitical events.
  • Futures Data: S&P 500 and Nasdaq futures hint at market sentiment before the open.

A broker ABC’s dashboard might include a “Pre-Market Heatmap,” which shows stocks up or down 5%+ on overnight volume.

Platform Stability & Speed

Pre-market trading is volatile, and technical glitches can cost you big. Look for:

  • Uptime guarantees: Does the brokerage promise 99.9% reliability? Check user reviews for crash complaints.
  • Mobile app functionality: Can you place orders quickly from your trading app at 5:00 AM?
  • Direct Routing: Access to ECNs (like ARCA or NASDAQ) ensures faster execution than brokers who route orders through third parties.

Expert take: I’d avoid a broker whose app freezes during high-volume events (like Fed announcements).

Accessing US stocks for pre-market trading on CMC Markets

CMC Markets offers a fast and reliable platform for trading US stocks in the pre-market session

Liquidity Access

Low volume = slippage risk. The best brokers connect you to:

  • Dark Pools: Private exchanges where institutions trade large blocks of shares (can improve pricing).
  • Retail liquidity hubs: Aggregates orders from individual traders to boost pre-market volume.
  • Extended-hours ETFs: Some brokers offer ETFs like S&P 500 Extended Hours (SPXE) to hedge or trade indices early.

IG offers great flexibility in its pre-market offering, allowing you to trade shares pre-market through share dealing, spread bets or CFDs.

Low Fees (But Watch for Hidden Costs)

Pre-market trading often comes with extra fees. A great brokerage keeps costs transparent:

  • No per-trade commissions: Many brokers now offer $0 commissions, but double-check for extended-hours upcharges.
  • No hidden spreads: Some brokers widen bid-ask spreads during pre-market to pocket the difference. Avoid these.
  • Data fees waived: Real-time pre-market quotes shouldn’t cost extra. If a broker charges for Level 2 data, look elsewhere.

Expert take: A free platform that forces you to pay $50/month for Nasdaq TotalView (a tool critical for pre-market depth) is a red flag for me.

City Index is a good option here, offering pre-market trading on 70+ US shares with tight spreads, transparent fees and no hidden charges.

Educational Resources for Pre-Market Newbies

A great broker doesn’t just give you tools – it teaches you how to use them:

  • Webinars/Guides: Tutorials on pre-market strategies (e.g., scalping gaps, trading earnings).
  • Paper Trading: Risk-free practice in a simulated pre-market environment.
  • Community Forums: Learn from experienced traders’ pre-market routines.

Pro tip: Test the broker’s mobile app; you don’t want to miss opportunities because you’re away from your desk.

Customer Support That’s Helpful

When your order glitches at 4:30 AM, you need answers fast. Prioritize providers with:

  • 24/7 Live Chat/Phone Support: No bots, just real humans who understand pre-market quirks.
  • Extended-Hours Specialists: Some brokers have teams dedicated to pre/after-hours trading.
  • Transparent Policies: Clear rules on order cancellations, failed executions, and fee disputes.

Asset Availability

Not all stocks trade actively in pre-market. A top broker offers:

  • Wide selection: Large caps (AAPL, TSLA), popular ETFs (SPY, QQQ), and meme stocks often have liquidity.
  • Short-selling access: Some brokers restrict shorting during extended hours.
  • OTC stocks: If you trade penny stocks, confirm they’re available pre-market.

CMC Markets impressed during testing, providing pre-market trading on the ‘magnificent seven’ US stocks (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla).

Regulatory Compliance & Security

Safety first. Ensure your brokerage is:

  • FINRA/SEC, FCA, CySEC regulated: Avoid offshore brokers with sketchy oversight.
  • Two-Factor Authentication (2FA): Prevents hacks during odd-hour trading.

IG is still our most trusted broker for pre-market trading with its stock exchange listing ensuring financial transparency, a 50+ year track record and licenses from 10+ top-tier regulators (FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM).

How to Trade with the Best Pre-Market Brokers

Pre-market trading can feel like navigating a virtual minefield; it’s exciting but risky. But with the right brokerage and a solid game plan, you can turn those early hours into opportunities.

Here’s a step-by-step guide to trading like a pro before the opening bell:

  1. Pick the Right Broker: Use the checklist above to narrow your options from our rankings.
  2. Understand the Risks: Lower liquidity = bigger price swings. A NAS 100 stock might swing in five minutes.
  3. Use Limit Orders. To avoid nasty surprises, set a maximum buy and minimum sell price. Market orders can backfire in thin pre-market volume.
  4. Stay Informed: Follow overnight news, earnings calendars, and futures markets.
  5. Start Small: Practice with small trades until you’re comfortable with the pace.

FAQ

What Is Pre-Market Trading?

Imagine waking up to the news that Apple just launched a groundbreaking product, or Tesla’s CEO tweeted something wild. By the time the stock market opens at 9:30 AM ET, the price might already be soaring (or crashing).

But what if you could act before the opening bell? That’s the power of pre-market trading.

Pre-market trading is like a “sneak peek” session where institutional investors and early birds react to overnight news, earnings reports, or global events.

When Does Pre-Market Trading Start?

Most brokers open at 4:00 AM ET, but some start earlier.

Is Pre-Market Trading Riskier Than Regular Hours?

Yes. Lower volume and bigger spreads mean higher risk.

Can I Trade Any Stock Pre-Market?

Nope; only stocks with sufficient liquidity. Popular ETFs and large caps (like AAPL or TSLA) are safer bets.

What Are the Pros and Cons of Pre-Market Trading?

Pros:

  • React to the news before the masses.
  • Snag stocks at better prices (if you time it right).
  • Ideal for swing traders and news junkies.

Cons:

  • Fewer buyers/sellers = wider bid-ask spreads.
  • Prices can swing wildly on minimal volume.
  • Overtrading FOMO is a real issue.