Using a specialized trading platform that’s designed for day trading can help you make and manage trades quickly. These platforms typically have a slew of features, including real-time data feeds, advanced charting tools and quick trade execution capabilities. They also feature robust educational resources that can help you hone your skills and optimize your trading strategy.

Unlike best platforms for day trading brokers that require you to call them and place orders on your behalf, online day trading platforms allow you to make trades directly through the platform. This removes the broker as a middleman and can save you money in commission costs. However, it’s important to carefully consider your needs when selecting an online trading platform for day trading. For example, look for a platform that offers detailed history on individual stocks and companies as well as easy-to-navigate educational data. Additionally, you may want to select a platform that provides support in multiple languages.

Mastering Day Trading: Best Platforms for Day Trading

To find the best online platforms for day trading, we looked at a number of key factors including fees, trading platform features, research and education. We also evaluated whether a trading platform supported multiple types of orders, including advanced options and futures orders. Finally, we looked at how fast a trading platform was and whether it offered extended-hours trading.

For example, eToro’s social trading functionality and user-friendly interface appeal to newer traders while more experienced users like its extensive range of tradable assets, educational resources and competitive pricing. TD Ameritrade’s no-fee stock and ETF trades, $0 option fees and low margin rates also appeal to day traders. Likewise, Webull’s no-fee stock and option trades, $0 margin rate and advanced charting tools are attractive to active traders, although its busy platform could intimidate beginners.