The best trading platform for day traders should have robust charting and data analysis tools, as well as real-time pricing. These features help users become educated on potential trades and make informed decisions on how to execute them. In addition, a day trader wants to use a platform with low or no commissions, access to premium research and fast trade execution.

Our top picks include StocksToTrade, thinkorswim and the Interactive Brokers Trader Workstation (TWS). Each of these platforms offer sophisticated tools for advanced investors, including high-speed trade execution and smart order routing technology. They also allow you to customize and create your own technical indicators and backtest your automated trading strategies.

Choosing the Right Provider: Finding the Best CFD Provider

If you’re looking for a more beginner-friendly platform, Ally or SoFi might be better options. Both offer competitive prices on stock trades but don’t offer robust research and educational data like E*TRADE or Merrill Edge.

ZacksTrade, an introducing broker for Interactive Brokers, offers lower costs and fees than many other brokers. Its rebranded version of IBKR’s trading platform has robust charting and research tools, as well as the ability to create your own drawing tools and options chains. It also offers low commissions and an all-in-one account, which can reduce your total cost of ownership. Other notable features include low interest rates on uninvested cash and an extensive list of tradable assets, including foreign markets and options. Tastytrade’s unique order routing technology is another standout feature, as its system focuses on fill quality and price improvement for options orders.