{"id":208317,"date":"2023-02-12T15:49:46","date_gmt":"2023-02-12T15:49:46","guid":{"rendered":"https:\/\/www.bizreport.com\/?post_type=round_up&#038;p=208317"},"modified":"2023-06-27T15:22:12","modified_gmt":"2023-06-27T15:22:12","slug":"best-day-trading-platform","status":"publish","type":"round_up","link":"https:\/\/www.bizreport.com\/investing\/best-day-trading-platform","title":{"rendered":"Best Day Trading Platform &#8211; Top Online Brokers For Day Trading"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"800\" height=\"360\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2023\/02\/Untitled-design-15.jpg\" alt=\"day trading\" class=\"wp-image-208341\"\/><\/figure><\/div>\n\n\n<p><a href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/day-trading\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Day trading<\/a> can be risky but rewarding, and when you\u2019re first getting into this \u201chobby\u201d it can be overwhelming to find that there are tons of apps providing a trading platform for day traders. How do you choose the best one? We\u2019ve reviewed the best of the best day trading apps to help you pick the best one for your needs.<\/p>\n\n\n\n<h2>What Is Day Trading?<\/h2>\n\n\n\n<p>Day trading involves quickly buying and selling investments (trading during the day). It involves many risks and therefore the possibility of many rewards. The goal of day trading is buying an investment, watching it rise, and selling it to make a profit before the <a href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/stock-market\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">stock market<\/a> closes for the day.<\/p>\n\n\n\n<h2>Benefits and Drawbacks of Day Trading<\/h2>\n\n\n\n<p>As we mentioned before, day trading can be quite risky. Many use borrowed money to put in quick trades, so it might cause you to go into <a href=\"https:\/\/www.bizreport.com\/banking\/pay-off-credit-card-debt\" target=\"_blank\" rel=\"noreferrer noopener\">debt<\/a>. You also might lose money on your investments and wind up with less than you started the day with. This type of investment is more like gambling than investing since it&#8217;s so short-term.<\/p>\n\n\n\n<h2 id=\"top-10-alternatives-to-legalzoom\">Top 7 Best Day Trading Platforms In 2024<\/h2>\n\n\n\n<div class=\"wp-container-1 wp-block-group col-list\"><div class=\"wp-block-group__inner-container\">\n<ul class=\"col-list\"><li><a href=\"#1\"><\/a><a href=\"#1\">eToro<\/a>: Best Overall<\/li><li><a href=\"#2\">Interactive Brokers<\/a>: Best Stock Information&nbsp;<\/li><li><a href=\"#3\">Fidelity<\/a>: Best for Beginners<\/li><li><a href=\"#4\">E-Trade<\/a>: Best New Account Offer<\/li><li><a href=\"#5\">TradeStation<\/a>: Best Trade Simulations<\/li><li><a href=\"#6\">TD Ameritrade<\/a>: Best for Pattern Day Traders<\/li><li><a href=\"#7\">Charles Schwab<\/a>: Best for Analytics<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<h2 class=\"default-start\" id=\"top-10-legalzoom-alternatives-that-save-you-money-year\">Top 7 Best Day Trading Platforms In May 2024<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"800\" height=\"360\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2023\/02\/Untitled-design-16.jpg\" alt=\"day trading\" class=\"wp-image-208346\"\/><\/figure><\/div>\n\n\n<h3 id=\"1\">Etoro<\/h3>\n\n\n\n<div class=\"wp-container-8 wp-block-group list-product-review\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-7 wp-block-group roundup-product-item\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-6 wp-block-columns\">\n<div class=\"wp-container-2 wp-block-column is-vertically-aligned-center\" style=\"flex-basis:33.33%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"300\" height=\"300\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2022\/12\/Etoro.jpg\" alt=\"Etoro\" class=\"wp-image-198888\"\/><\/figure><\/div>\n\n<p class=\"btn-orange-out\"><a href=\"https:\/\/med.etoro.com\/B12690_A114600_TClick.aspx\r\n\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Visit Website<\/a><\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><strong><a href=\"https:\/\/www.bizreport.com\/reviews\/etoro\" target=\"_blank\" rel=\"noreferrer noopener\">Read Etoro Reviews<\/a><\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-container-5 wp-block-column is-vertically-aligned-bottom\" style=\"flex-basis:66.66%\">\n<p class=\"sumary\"><a href=\"https:\/\/www.bizreport.com\/reviews\/etoro\" target=\"_blank\" rel=\"noreferrer noopener\">eToro<\/a>\u2019s best feature, in our opinion, is their support for pattern day traders. They offer investment ideas from their users to assist the pattern day trader with choices and investments. Pattern day trading involves education, commitment, habits, and risk. To do it right you\u2019ll need ideas from other day traders, and a platform that supports your pattern day trading account.<\/p>\n\n\n\n<div class=\"wp-container-3 wp-block-group pros\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Pattern day trader options<\/li><li>Share and get investment ideas<\/li><li>No commission for day trading<\/li><li>$10 account minimum<\/li><li>Educational materials available<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-container-4 wp-block-group cons\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Global support isn\u2019t great<\/li><\/ul>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p>eToro also has an account minimum of only $10, and they offer relevant educational resources for the pattern day trader or the occasional day trader. We have noticed through their reviews that the support to their global customers isn\u2019t always reliable and available.<\/p>\n\n\n\n<h3 id=\"2\">Interactive Brokers<\/h3>\n\n\n\n<div class=\"wp-container-15 wp-block-group list-product-review\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-14 wp-block-group roundup-product-item\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-13 wp-block-columns\">\n<div class=\"wp-container-9 wp-block-column is-vertically-aligned-center\" style=\"flex-basis:33.33%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"300\" height=\"300\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2022\/10\/Untitled-design-4-3.jpg\" alt=\"Interactive Brokers\" class=\"wp-image-194372\"\/><\/figure><\/div>\n\n<p class=\"btn-orange-out\"><a href=\"https:\/\/www.interactivebrokers.com\/en\/home.php\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Visit Broker<\/a><\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><strong>Read Interactive Brokers Reviews<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-container-12 wp-block-column is-vertically-aligned-bottom\" style=\"flex-basis:66.66%\">\n<p class=\"sumary\">Interactive Brokers are a popular stock trading company that offers day traders an excellent platform for stock and <a href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/exchange-traded-fund-etf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">ETF trades<\/a> as well as other investments. We love their IB SmartRouting feature, which day traders can use to vet possible day trades to see if they\u2019d be recommended by experts.&nbsp;<\/p>\n\n\n\n<div class=\"wp-container-10 wp-block-group pros\"><div class=\"wp-block-group__inner-container\">\n<ul><li>No commissions on stocks or ETFs<\/li><li>\u201cIB SmartRouting\u201d is an intuitive program to help day traders choose the right investments<\/li><li>Desktop and mobile trading are available<\/li><li>Great for advanced traders<\/li><li>Several tiers of features are available<\/li><li>Low-interest rates for borrowing<\/li><li>Free version available<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-container-11 wp-block-group cons\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Some research features have a la carte pricing<\/li><\/ul>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p>Along with this awesome feature, Interactive Brokers has a desktop platform as well as mobile, and they have several tiers of pricing and features available. Their free version provides a lot of insight into day trading and the risks or benefits of investments you\u2019re considering, but some customers have complained that they notice some research features cost extra.<\/p>\n\n\n\n<h3 id=\"3\">Fidelity<\/h3>\n\n\n\n<div class=\"wp-container-22 wp-block-group list-product-review\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-21 wp-block-group roundup-product-item\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-20 wp-block-columns\">\n<div class=\"wp-container-16 wp-block-column is-vertically-aligned-center\" style=\"flex-basis:33.33%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"300\" height=\"300\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2023\/02\/Untitled-design-12-1.jpg\" alt=\"fidelity\" class=\"wp-image-208318\"\/><\/figure><\/div>\n\n<p class=\"btn-orange-out\"><a href=\"https:\/\/www.fidelity.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Visit Website<\/a><\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><strong>Read Fidelity Reviews<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-container-19 wp-block-column is-vertically-aligned-bottom\" style=\"flex-basis:66.66%\">\n<p class=\"sumary\">Fidelity is our favorite trading platform for day trading beginners. Their services include several different views, so the trading novice can understand the dashboard just as well as a pro. We love that this allows anyone and everyone to try their hand at day trading.<\/p>\n\n\n\n<div class=\"wp-container-17 wp-block-group pros\"><div class=\"wp-block-group__inner-container\">\n<ul><li>No commission for stocks, options, and ETFs<\/li><li>No minimum account balance<\/li><li>No fees to use their services<\/li><li>Great for beginners<\/li><li>Benzinga\u2019s newswire included news updates<\/li><li>5 layouts available for different trading backgrounds<\/li><li>Can trade in after market hours<\/li><li>Cloud-based<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-container-18 wp-block-group cons\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Some after-market trading is not reliable<\/li><li>Some users report frequent bugs<\/li><\/ul>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p>ActiveTraderPro is Fidelity\u2019s day trading platform, and it includes real-time news updates pertinent to your investments, after-market day trading, and cloud-based day trading software. For those new to making day trades, their services might just be the best option. We will note that some users reported frequent bugs and less than-optimal aftermarket options trades.<\/p>\n\n\n\n<h3 id=\"4\">E*TRADE<\/h3>\n\n\n\n<div class=\"wp-container-29 wp-block-group list-product-review\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-28 wp-block-group roundup-product-item\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-27 wp-block-columns\">\n<div class=\"wp-container-23 wp-block-column is-vertically-aligned-center\" style=\"flex-basis:33.33%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"300\" height=\"300\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2023\/01\/Untitled-design-70.jpg\" alt=\"E*TRADE\" class=\"wp-image-206900\"\/><\/figure><\/div>\n\n<p class=\"btn-orange-out\"><a href=\"https:\/\/us.etrade.com\/home\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Visit Website<\/a><\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><strong>Read E*TRADE Reviews<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-container-26 wp-block-column is-vertically-aligned-bottom\" style=\"flex-basis:66.66%\">\n<p class=\"sumary\">Opening a new investment account with E-Trade gets customers an awesome perk: $600. We haven\u2019t found a deal like this with many other trading accounts, but make sure you reach the account minimum to get the deal.&nbsp; Many investment accounts have an account minimum, but most don\u2019t offer a sign-on deal like this.&nbsp;<\/p>\n\n\n\n<div class=\"wp-container-24 wp-block-group pros\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Company information and insight provided<\/li><li>No setup fees<\/li><li>No commissions on options, mutual funds, and ETFs<\/li><li>Quick account opening<\/li><li>$600 for opening and funding a qualified trading account<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-container-25 wp-block-group cons\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Some customers say the screen is crowded<\/li><li>Customers complain that trades and withdrawals take too long<\/li><\/ul>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p>On top of this sign-on deal, we love that E-Trade gives insight into each investment you\u2019d like to make, and they have comparable low trading costs. Their day trading app is great for beginner and experienced traders alike, but some customers say that their services can be slow.&nbsp;<\/p>\n\n\n\n<h3 id=\"5\">TradeStation<\/h3>\n\n\n\n<div class=\"wp-container-36 wp-block-group list-product-review\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-35 wp-block-group roundup-product-item\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-34 wp-block-columns\">\n<div class=\"wp-container-30 wp-block-column is-vertically-aligned-center\" style=\"flex-basis:33.33%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"300\" height=\"300\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2022\/12\/Tradestation.jpg\" alt=\"Tradestation\" class=\"wp-image-198903\"\/><\/figure><\/div>\n\n<p class=\"btn-orange-out\"><a href=\"https:\/\/www.tradestation.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Visit Website<\/a><\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><strong>Read TradeStation Reviews<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-container-33 wp-block-column is-vertically-aligned-bottom\" style=\"flex-basis:66.66%\">\n<p class=\"sumary\">Our favorite feature offered by TradeStation is their day trading strategy simulation. This allows users to practice trading without any of the risks typically involved in making a day trade. Trading simulation can really change the game for day trading stocks and options &#8211; it allows day traders to test the waters (and the trading platforms) involved so they can make informed decisions when they start using day trading platforms for real.&nbsp;&nbsp;<\/p>\n\n\n\n<div class=\"wp-container-31 wp-block-group pros\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Trading simulator offered for trading practice<\/li><li>Desktop, mobile, and web platforms are available<\/li><li>Design, test, and enact trading strategies<\/li><li>FuturesPlus program for futures trading<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-container-32 wp-block-group cons\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Customer support doesn\u2019t have great reviews<\/li><\/ul>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p>In addition to simulations, TradeStation also boasts several different trading platforms and a program designed specifically for <a href=\"https:\/\/www.bizreport.com\/investing\/best-futures-trading-platform\" target=\"_blank\" rel=\"noreferrer noopener\">trading futures<\/a>. On the other hand, customers aren\u2019t always happy with the support they receive from TradeStation.<\/p>\n\n\n\n<h3 id=\"6\">TD Ameritrade<\/h3>\n\n\n\n<div class=\"wp-container-43 wp-block-group list-product-review\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-42 wp-block-group roundup-product-item\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-41 wp-block-columns\">\n<div class=\"wp-container-37 wp-block-column is-vertically-aligned-center\" style=\"flex-basis:33.33%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"300\" height=\"300\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2022\/12\/Untitled-design-9.jpg\" alt=\"TD Ameritrade\" class=\"wp-image-199027\"\/><\/figure><\/div>\n\n<p class=\"btn-orange-out\"><a href=\"https:\/\/www.tdameritrade.com\/futures\/home.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Visit Broker<\/a><\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><strong>Read TD Ameritrade Reviews<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-container-40 wp-block-column is-vertically-aligned-bottom\" style=\"flex-basis:66.66%\">\n<p class=\"sumary\">TD Ameritrade\u2019s platform is called \u201cthinkorswim,\u201d and it&#8217;s definitely one of the best platforms out there. We love their thorough analysis of each potential investment you might consider, so day traders can make well-informed decisions that are in line with their <a href=\"https:\/\/www.bizreport.com\/investing\/forex-trading-strategies\" target=\"_blank\" rel=\"noreferrer noopener\">trading strategy<\/a>. The only complaint we could find about their trading platform is that active traders wish that more news sources could be included in their real-time information lineup.<\/p>\n\n\n\n<div class=\"wp-container-38 wp-block-group pros\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Web, desktop, and mobile apps available<\/li><li>Chat and phone support are available 24\/7<\/li><li>Trade all major assets<\/li><li>An excellent and thorough analysis of potential investments<\/li><li>Offers a \u201cpaper trading\u201d or simulation version to practice day trading<\/li><li>No fees to trade stocks and ETFs<\/li><li>0$ commission and no fees to use the platform<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-container-39 wp-block-group cons\"><div class=\"wp-block-group__inner-container\">\n<ul><li>No other news streaming platforms integrated or hints available<\/li><\/ul>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p>On top of this incredible information available in their platform for day trading, Ameritrade has a mobile, web, and desktop platform available. They also offer the option to simulate trades to see if they might indeed be a good idea (no guarantee, you might lose money regardless).<\/p>\n\n\n\n<h3 id=\"7\">Charles Schwab<\/h3>\n\n\n\n<div class=\"wp-container-50 wp-block-group list-product-review\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-49 wp-block-group roundup-product-item\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-container-48 wp-block-columns\">\n<div class=\"wp-container-44 wp-block-column is-vertically-aligned-center\" style=\"flex-basis:33.33%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img width=\"300\" height=\"300\" src=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2023\/02\/Untitled-design-13-1.jpg\" alt=\"Charles Schwab \" class=\"wp-image-208323\"\/><\/figure><\/div>\n\n<p class=\"btn-orange-out\"><a href=\"https:\/\/www.schwab.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Visit Website<\/a><\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><strong>Read Charles Schwab Reviews<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-container-47 wp-block-column is-vertically-aligned-bottom\" style=\"flex-basis:66.66%\">\n<p class=\"sumary\">Charles Schwab comes highly recommended for their technical analysis tools. Day traders can rest assured that their day trading tools are top-of-the-line, and active day traders can use these tools to make the most informed day trade possible.&nbsp;<\/p>\n\n\n\n<div class=\"wp-container-45 wp-block-group pros\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Tools to help keep your day trading compliant<\/li><li>StreetSmart Edge offered advanced trading analytics<\/li><li>Trade &amp; Probability calculator helps you to simulate and identify potential risks and payoffs<\/li><li>Robo advisory services are available<\/li><li>Built-in stock screener information<\/li><li>Trade stocks, treasuries, and ETFs without fee<\/li><li>Great customer service<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-container-46 wp-block-group cons\"><div class=\"wp-block-group__inner-container\">\n<ul><li>Their services are better suited for long-term investing<\/li><\/ul>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p>On top of the analytics, Schwab has stock screening information, robo advisors, great customer service, and a top-notch probability calculator to help you make the most informed day trade. It\u2019s one of the best online brokers, to begin with, and as a broker for day trading, we love Charles Schwab.<\/p>\n\n\n\n<h2>How To Choose The Best Brokers for Day Trading<\/h2>\n\n\n\n<p>Online brokers are all the rage right now since it\u2019s now possible to put in a trade and have it done on the same trading day from your couch. The best brokers at this point are household names, and they\u2019ve come to be trusted by their customers over the years. A good online broker should have registration with major financial institutions like the <a href=\"https:\/\/www.sec.gov\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">SEC<\/a> (Securities and Exchange Commission). They should also provide customer support for their customers involved in active trading. We\u2019ve also found that the best trading platforms have transparency and helpful trading tools available to their users.&nbsp;<\/p>\n\n\n\n<h2>Final Thoughts<\/h2>\n\n\n\n<p>In the end, day traders lose money at some point or another. There is risk in making a day trade, and you should proceed with caution. However, it can be quite lucrative. Some day traders learn how to read the market and capitalize on low prices to make their investments count. It is helpful to think of day trading as an art to learn, and as risky as gambling. If you\u2019re just getting started with investing, we don\u2019t recommend starting day trading. But if you\u2019ve had your hand in investments for a while now, you might want to try this form of investing.<\/p>\n\n\n\n<p>If you want to get into day trading, having a great trader workstation platform can make all the difference in your success. Consider these 7 options and weigh them before deciding which trading platform you should go with.<\/p>\n\n\n\n<h2 class=\"title-green\" id=\"frequently-asked-questions-faqs\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#387f58\" class=\"has-inline-color\">Frequently Asked Questions (FAQs)<\/mark><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1641700013467\"><strong class=\"schema-faq-question\">What are exchange-traded funds?<\/strong> <p class=\"schema-faq-answer\">ETFs are like mutual funds in that they might include many different investments. Sometimes, they represent a certain sector or commodity.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1676014774407\"><strong class=\"schema-faq-question\">What are penny stocks?<\/strong> <p class=\"schema-faq-answer\">Penny stocks are typically stocks that cost under $5 to invest in.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1676014777852\"><strong class=\"schema-faq-question\">What is margin trading?<\/strong> <p class=\"schema-faq-answer\">Trading with a margin account means that you have borrowed money for trading.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1676014781383\"><strong class=\"schema-faq-question\">What is short selling?<\/strong> <p class=\"schema-faq-answer\">Short selling is selling an investment that you don&rsquo;t actually own, hoping to be able to buy it at a lower price than you sold it in the near future.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1676014787094\"><strong class=\"schema-faq-question\">What is the best day trading app?<\/strong> <p class=\"schema-faq-answer\">In our experience, any of these 7-day trading brokers offer applications that stand out above the rest.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1676014790546\"><strong class=\"schema-faq-question\">What is price volatility?<\/strong> <p class=\"schema-faq-answer\">Volatility is just the movement of different stocks. So a more volatile stock would have more movement, and less assumed predictability and stability.<\/p> <\/div> <\/div>\n","protected":false},"author":25,"featured_media":208336,"template":"","categories":[3,166],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"If you\u2019re on the hunt for the best day trading platform to buy and sell investments frequently, we have a list of awesome options.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bizreport.com\/investing\/best-day-trading-platform\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Day Trading Platform - Top Online Brokers For Day Trading\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re on the hunt for the best day trading platform to buy and sell investments frequently, we have a list of awesome options.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bizreport.com\/investing\/best-day-trading-platform\" \/>\n<meta property=\"og:site_name\" content=\"Biz Report\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-27T15:22:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bizreport.com\/wp-content\/uploads\/2023\/02\/Untitled-design-14.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bizreport.com\/#website\",\"url\":\"https:\/\/www.bizreport.com\/\",\"name\":\"Biz Report\",\"description\":\"News &amp; 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