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Best Trading Platforms For Day Trading

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The best day trading platforms in 2021 are: Fidelity, TradeStation, TD Ameritrade, Interactive Brokers, and eTrade. Fidelity has straightforward platforms with the best order execution. TradeStation uses the best platform technology. Interactive Brokers offers the best day trading platform for professionals.

Each broker has strengths and weaknesses. This article discusses the best day trading platforms in 2021.

The Top 5 Day Trading Platforms In 2021:

  • Fidelity has an excellent platform with the best order execution.
  • TradeStation has the best platform technology.
  • TD Ameritrade has the best desktop platform for day trading.
  • Interactive Brokers has the best day trading platform for professionals.
  • eTrade has the best web-based day trading platform.

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1Fidelity4.7/5Best order executionOfficial website
#2TradeStation 3.7/5Best platform technologyOfficial website
#3TD Ameritrade 4.7/5Best desktop platformOfficial website
#4Interactive Brokers 4.9/5Best for professionalsOfficial website
#5eTrade /5Best web-based platformOfficial website

 

TOP 5 Day Trading Platforms in Overview:

01 Fidelity: Best Order Execution

Fidelity is a leading online broker with a competitive fee structure. It offers an industry-leading platform with one of the best order execution. Fidelity has helpful research and learning tools.

This broker has top-tier licenses from the FINRA and SEC. Its platforms are secure and offer access to the best day trading services.


02 TradeStation: Best Platform Technology

TradeStation is a technology leader with some of the best day trading platforms. It offers $0 stock and ETF trades. TradeStation has many account tiers to suit all trading styles.

This broker offers three trading platforms suitable for day trading. It has an industry-leading desktop platform with outstanding tools and learning materials.


03 TD Ameritrade: Best Desktop Platform For Day Trading

TD Ameritrade is a popular online broker with a dedicated learning center. It has straightforward platforms for day trading investors.

This broker offers two mobile apps and a desktop-based platform. All its platforms are customizable and provide easy access to many trading tools. TD Ameritrade is a top choice for new traders as it has many videos and tutorials.


04 Interactive Brokers: Best Day Trading Platform For Professionals

Interactive Brokers is a leading provider of premium services and tools. It has many research and learning tools for experienced investors.

This broker offers a premium day trading experience. It has market data, charting, and many other tools. Interactive Brokers uses premium technology to provide the best trading experience.


05 eTrade: Best Web-Based Day Trading Platform

eTrade has many proprietary platforms, including two mobile apps, a web, and a desktop platform. It is a top choice for day trading for both beginners and professionals.

eTrade offers access to beginner-friendly apps and research tools. It has many trading tools, including watch lists and market research. eTrade offers the best web-based day trading platform.


Final Verdict

Fidelity, TradeStation, TD Ameritrade, Interactive Brokers, and eTrade are the best day trading platforms in 2021. Fidelity has the best order execution and straightforward platforms. TradeStation is a top choice for casual and active traders. TD Ameritrade is an industry leader in trading platforms and educational tools.

What is day trading? 

Day trading describes the activity of investors who buy and sell on the market throughout the day. They close all of their transactions by the end of the day. The idea behind this concept is to begin the day with no transactions open and trade quickly during the day.

Day trading requires a professional platform to support an active trading style. Online brokers offer versatile platforms for investors at all levels of experience. Read our in-depth reviews to learn more about brokerage firms and day trading platforms.

How to pick a day trading broker?

Choosing a day trading broker is simple if you use specific criteria. Our in-depth reviews offer valuable information on the best day trading brokers in 2021.

Fees

Each brokerage firm has a particular fee structure. Some brokers have expensive fees, while others don’t charge much on trades. A common commission is the inactivity fee. Most online brokers charge an extra fee for inactive accounts. Verify our in-depth reviews to discover more about brokerage firms and commissions.

Regulation

A secure online broker offers a premium trading experience. Top-tier licenses ensure a broker follows specific safety measures and rules. Read our in-depth reviews to discover more about online brokers and top-tier licenses.

Customer Service

Customer support is an important aspect of online trading. Rapid and knowledgeable customer service is more than necessary. Before selecting a brokerage firm, you should check its customer support channels.

Funding 

Depositing funds to a brokerage account must be straightforward and transparent. Each online broker has its own deposit and withdrawal methods. Verify our in-depth reviews to read more about online brokers and funding.

Frequently Asked Questions

We review day trading platforms with real accounts and money. Our results depend on 105 criteria, including ease of use and functionality.

Is Day Trading Legal?

In the United States, day trading is legal. You have to have a minimum account balance of $25,000. Read our in-depth reviews for additional information on day trading and fees.

Is Day Trading Risky?

Day trading is about actively buying and selling stocks during the day by using margin. It is inherently risky. Check our in-depth reviews to learn about online brokers and day trading services.

Can You Start Day Trading With Less Than $25k?

The answer to this question depends on your jurisdiction. FINRA issues the limit of $25,000, and all brokerage firms have to enforce it in the USA. Based on the broker’s account minimum, you might be able to trade at much less than this.


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.