The best day trading platforms are full of features, easy to navigate and cost-friendly. However, many investors don’t know where to begin their search. From online brokerages to mobile applications, there’s a platform that can meet your specific needs.
Best Day Trading Platforms for You
There are a wide variety of day trading strategies in play by investors across the country today. Therefore, every investor will require their own set of tools and features that compliments their trading habits.
This is no different for day traders. In fact, there are more than 13 million day traders in the world at this very moment. It’s a full-time job, and more investors are venturing into day trading than ever before.
So, where should you begin your search when looking for the best day trading platforms available? It all comes down to the leaders in trading technology.
Did you know the majority of stock trades occur on the internet? It’s true. And we’re moving closer to a completely digital stock market each day. That’s why most investors utilize online brokerages and trading applications for their portfolios.
As a day trader, you will require more in-depth research than most. So it’s important to take your time in determining which platform is best for you.
Yet, there are a few premiere brokerages that are leading the industry. For example, the best trading platforms in 2020 include:
- Merrill Edge
- TD Ameritrade
Each of these platforms provides their own unique benefits that can enhance a day traders ability to make investments. And that’s the overall name of the game.
The goal is to become as efficient and well researched as possible. This will help you determine the best day trades based on your preferred strategy. And the best day trading platforms will assist you along the way, creating shortcuts to your process instead of roadblocks.
Robinhood: Best Mobile Application
TradeStation: Best Affordability
TradeStation offers a wide range of research tools and resources. This includes real-time streaming stock watch lists with customizable columns, custom scanners and a walk-forward optimizer. The optimizer allows users to “simulate the unpredictability of trading a strategy in real market conditions.”
E*TRADE: Best Overall
The cream of the crop is widely considered E*TRADE. It’s the complete package with an easy-to-use interface, industry-leading tools and specialized trading support. It simplifies the complexities of investing better than anyone else.
E*TRADE also offers commission-free trades on stocks and ETFs. Options contracts cost as low as $0.50 per trade if you make a minimum of 30 trades per quarter.
Best Day Trading Platforms to Consider
Day traders require countless hours of research. And don’t worry, there’s free help out there… Sign up for the Trade of the Day e-letter on the sidebar or below. The experts at Trade of the Day provide unique technical formations, trending stock analysis and daily stock market insights unlike anywhere else.
Are you interested in becoming a day trader? If so, it’s important to take a closer look at SEC rules and regulations. There are various margin requirements to consider before becoming a day trader. However, the best day trading platforms will keep you informed and protect you throughout the process.