In case you are a day trader (or an aspiring day trader) then this is a must-read article for you. You already know what you expect from a standard and established online trading platform, be it low-cost, hassle-free usage, quick turnaround time, thorough research, fast transactions, and transparency.
All these are available today on the top listed comprehensive trading platforms below. Here we have come up with top trading platforms for you for day trading which serves all these needs of day traders for hassle free trading experience and good returns. You can pick and choose among them based on your customized requirements.
One important note to consider before you begin – Pattern Day traders (as defined by the SEC) must have at least $25,000 in equity in their accounts and be approved for margin trading, regardless of whether their broker’s account minimum is lower. Have a look:
Best Trading Platforms for Day Trading
1. Fidelity
- Fee: $0 (per trade for online U.S. stocks and ETFs)
- Options contract fee: $0.65
- Account minimum: $0
- Learn More Link: https://www.fidelity.com/learning-center/trading-investing/trading/day-trading
2. Charles Schwab
- Fee: $0
- Options contract fee: $0.65
- Account minimum: $0
- Learn More Link: https://www.schwab.com/trading
3. Ally Invest
- Fee: $0 per trade (on eligible US securities)
- Options contract fee: $0.50
- Account minimum: $0
- Learn More Link: https://www.ally.com/invest/
4. Zacks Trade
- Fee: $0.01 per share
- Options contract fee: $1.00
- Account minimum: $2500
- Learn More Link: https://www.zackstrade.com/
5. Firstrade
- Fee: $0 per trade
- Options contract fee: $0
- Account minimum: $0
- Learn More Link: https://help.en-us.firstrade.com/article/281-day-trading-rule
6. TD Ameritrade
- Fee: $0 per trade
- Options contract fee: $0.65
- Account minimum: $0
- Learn More Link: https://www.tdameritrade.com/
7. J.P. Morgan Self-Directed Investing
- Fee: $0 per trade
- Options contract fee: $0.65
- Account minimum: $0
- Learn More Link: https://www.chase.com/personal/investments/online-investing
8. TradeStation
- Fee: $0 per trade
- Options contract fee: $0.60
- Account minimum: $500
- Learn More Link: https://www.tradestation.com/learn/market-basics/stocks-etfs/day-trading-rules/day-trading-requirements/
9. E*TRADE
- Fee: $0 per trade
- Options contract fee: $0
- Account minimum: $0
- Learn More Link: https://us.etrade.com/trade
10. Interactive Brokers IBKR Pro
- Fee: $0.005 per share; as low as $0.0005 with volume discounts
- Options contract fee: $0
- Account minimum: $0
- Learn More Link: https://www.interactivebrokers.co.in/en/index.php?f=40071
11. Merrill Edge
- Fee: $0 per trade
- Options contract fee: $0
- Account minimum: $0
- Learn More Link: https://www.merrilledge.com/homev2m
Please keep in mind to do mindful research based on your requirements that out of these eleven suits your needs. These are top ones with standard offerings.
