A best day trading platform should provide a variety of features to help you make quick and informed trades. You’ll want to be able to monitor real-time quotes, price volatility, and trading volume, and you may need to adjust order sizes or customize trading defaults to meet your specific needs.
Some of the best online stock trading platforms include advanced trading tools, such as IBKR’s SmartRouting, which searches for liquidity across exchanges and dark pools to deliver the lowest possible spreads for U.S.-listed stocks and ETFs. However, this platform charges commissions on stock and ETF trades, plus a 50- to 65-cent-per-contract fee on options.
Day Traders’ Delight: Unveiling the Top 5 Best Day Trading Platforms of [Current Year]
Other brokers, such as TD Ameritrade, offer zero commission trading on ETFs and equities (US only), and also have a number of features that can help you make more profitable trades. These include Mosaic, which allows you to build a bespoke view of the market by “tiles” that can be sized and arranged for one or more monitors. It also supports thinkScript, which lets you automate strategies using 300 built-in technical indicators included in the platform.
moomoo, another broker that offers a free trading account with no deposit or minimum balance requirement, provides an excellent combination of low cost and advanced trading features. Its best day trading platform includes a customizable workspace with multiple monitors, advanced technical indicators and drawing tools, paper trading, and institutional tracking and heat mapping. It also has an Earnings Hub and a range of other useful features. Those who lean on news-based trading will appreciate the breaking financial news feeds, though these are usually subscription-based add-ons that require an extra monthly fee on top of your base fees.