The Best Broker For Day Trading

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As an active best broker for day trading, you need to select a broker with the right features for your trading needs. While many brokerages offer low fees and a wide range of tradable assets, the best brokers for day trading provide specific tools for rapid trading to capitalize on intraday price differences. Our list considers trading platform features, education and research, customer support, extended-hours trading and more.

TradeZero: This online broker offers a unique approach to low fees for day traders. Its $0 commission for stocks and ETFs is an exceptional deal. Plus, it supports a variety of complex order types, fast execution speeds and a robust set of drawing and charting tools. Additionally, its level 2 quotes allow you to see a stock’s “order flow”—a list of potential buyers and sellers lining up to buy or sell it. This helps day traders make judgments about when to buy or sell.

Broker Breakdown: Finding the Best Broker for Day Trading

TD Ameritrade: This brokerage arm of Bank of America offers self-directed investors a powerful downloadable trading platform called thinkorswim, which has a reputation for its advanced features and customization capabilities. The brokerage also provides low day trading commissions, excellent margin and leverage rates, a short locate feature, a mobile app and real-time news streaming.

Interactive Brokers: IBKR remains a top choice among day traders because of its low commissions and an expansive list of tradable assets. The broker also has direct market access, which means it can exploit prices and trading inefficiencies across markets and asset classes. Plus, its Trader Workstation platform is a technical trader’s dream.