Day trading involves buying and selling securities within the same day to take advantage of small price movements. For successful day trading, you need to have access to an efficient and reliable trading platform. Online brokers offer a range of trading tools and services that can help you execute trades quickly and efficiently. In this article, we will look at the 6 best online brokers for day trading.
- Interactive Brokers
Interactive Brokers is a popular online broker that offers a range of trading platforms and tools, including the Trader Workstation (TWS) platform and the mobile IBKR app. The TWS platform offers advanced charting tools, real-time market data, and customizable trading screens. Interactive Brokers charges low commissions, starting at $0.005 per share, and offers access to over 125 markets in 31 countries.
- TD Ameritrade
TD Ameritrade is a well-established online broker that offers a range of trading tools and platforms, including the thinkorswim platform and the mobile TD Ameritrade app. The thinkorswim platform offers advanced charting tools, real-time market data, and a range of trading indicators. TD Ameritrade offers low commissions, starting at $0 per trade for US-listed stocks, and offers access to a range of asset classes.
- E*TRADE
ETRADE is a popular online broker that offers a range of trading platforms and tools, including the Power ETRADE platform and the mobile ETRADE app. The Power ETRADE platform offers advanced charting tools, real-time market data, and customizable trading screens. E*TRADE offers low commissions, starting at $0 per trade for US-listed stocks, and offers access to a range of asset classes.
- Charles Schwab
Charles Schwab is a well-established online broker that offers a range of trading platforms and tools, including the StreetSmart Edge platform and the mobile Schwab app. The StreetSmart Edge platform offers advanced charting tools, real-time market data, and customizable trading screens. Charles Schwab offers low commissions, starting at $0 per trade for US-listed stocks, and offers access to a range of asset classes.
- Fidelity
Fidelity is a popular online broker that offers a range of trading platforms and tools, including the Active Trader Pro platform and the mobile Fidelity app. The Active Trader Pro platform offers advanced charting tools, real-time market data, and customizable trading screens. Fidelity offers low commissions, starting at $0 per trade for US-listed stocks, and offers access to a range of asset classes.
- Robinhood
Robinhood is a popular online broker that offers a range of trading platforms and tools, including the mobile Robinhood app. The Robinhood app offers a simple and easy-to-use interface, real-time market data, and commission-free trading. Robinhood offers access to a range of asset classes, including stocks, ETFs, and cryptocurrencies.
In conclusion, the best online broker for day trading depends on your specific trading needs and preferences. Factors to consider include the trading platform, commission structure, access to different asset classes, and the quality of customer service. It is important to do your research and choose an online broker that best suits your needs as a day trader.
