7 best day trading platforms 2024 | finder.com (2024)

Successful day traders practice to develop a strategy and take time to learn what works — and what doesn’t — when trading.

Part of that strategy is choosing a broker that offers a suitable trading platform for frequent trading. Not all brokers are created equal, and not all offer the same level of trading tools. The best day trading platforms should offer adequate tools and ample resources to help you learn and grow as a day trader.

We analyzed 18 brokers and put together a list of the best platforms for day trading to help you figure out which broker might be right for you as you look to capitalize on intraday market movements. From traditional brokers to mobile-first trading apps, here are the best day trading platforms for beginners, trading crypto and more.

7 best day trading apps & platforms of 2024

  • Best overall: Interactive Brokers (IBKR)
  • Best for beginners: Robinhood
  • Best for day trading options: tastytrade
  • Best crypto day trading platform: eToro
  • Best mobile app for day trading: Moomoo
  • Best for day trading practice: TradeStation
  • Best for day trading information: Charles Schwab

Best overall

Interactive Brokers

4.3

★★★★★

Finder score

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With its combination of investment choices, low costs and powerful trading tools, Interactive Brokers stands out as the best day trading platform overall. Trade everything from stocks and exchange-traded funds (ETFs) to options, futures, currencies, bonds and crypto, with access to some of the lowest margin rates in the industry. Its desktop platform, Trader Workstation, is available to both IBKR Pro and IBKR Lite users and offers traders the flexibility to customize their trading strategies and pinpoint buying opportunities — event calendars, alerts, watchlists and over 100 order types and algorithms. Other advanced trading tools include IBKR's fundamentals explorer, a multi-leg options strategy builder, a real-time risk navigator and a paper trading account. IBKR also stands out as one of the best forex day trading platforms for its dedicated currency trading tools and access to over 100 currency pairs.

  • Pros

    • Commission-free stock and ETF trades
    • Expansive offering of powerful trading tools and functions
    • Trade a wide range of assets from over 150 global markets on one platform
    • Fractional shares
    • Paper trading with $1 million in virtual currency

    Cons

    • Unreliable live chat support
    • Cash sweep available to IBKR Pro accounts only, with minimum balance requirements
  • Available asset typesStocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Futures, Forex, Treasury Bills
    Annual fee0%
    Minimum deposit$0
    Signup bonusN/A
    Cash sweep APY3.83% Lite
    4.83% Pro
    Cash sweep insuredFDIC
    Cash sweep insurance amount$250,000
Stock trade fee$0
Minimum deposit$0
Cash sweep APY3.83% Lite
4.83% Pro
Signup bonusN/A
Go to site Read review

Best for beginners

Robinhood

4.2

★★★★★

Finder score

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Recognized for its distinctive, user-friendly platform and no commissions on stocks, ETFs, options or crypto, Robinhood delivers an intuitive trading experience that isn't bogged down by an abundance of complex features. Beginner day traders will find standard market and limit orders, fractional shares and pattern day trade protection. This feature alerts you as you place your second, third and fourth day trades in a five trading day period to help you avoid being flagged as a pattern day trader (PDT). Upgrading to Robinhood Gold unlocks margin investing at 8%, instant deposits up to $50,000, advanced market data and 5% APY on your uninvested cash.

Stock trade fee$0
Minimum deposit$0
Cash sweep APY1.5%, or 5.25% with Robinhood Gold
Signup bonusGet a free stock
when you successfully sign up and link your bank account.
Go to site Read review

Best for day trading options

tastytrade

4.6

★★★★★

Finder score

Cash bonus amount varies by deposit amount which must be maintained in your account for 12 months. Offer not valid for existing clients who have funded or previously funded an account. Offer expires 03/31/2024. Visit info.tasytrade.com/tasty-offer for full terms, conditions, and restrictions.

Go to site Read review

Designed primarily for derivatives trading, tastytrade boasts an impressive collection of trading products and some of the best pricing on options and futures contracts in the industry. Stocks and ETFs are commission-free, options have no closing commissions and its trading platforms are equipped with an impressive array of advanced trading and analysis tools — customizable alerts, a follow feed to see trade activity from other tastytrade users, profit and loss visualizations and a quick roll feature to roll your option position into the future, to name a few.

  • Pros

    • Trade options, futures and futures options, along with stocks, ETFs and crypto
    • $1 per options contract to open, $0 to close
    • Robust offering of trading tools

    Cons

    • Complex trading platform
    • No paper trading
  • Retirement account typesRoth, Traditional, SEP, Rollover, Beneficiary Traditional, Beneficiary Roth
    Available asset typesStocks, Options, ETFs, Cryptocurrency, Futures
    Annual fee0%
    Minimum deposit$0
    Signup bonusGet $100-$5,000
    when you open and fund an account with $5,000 to $1,000,000+
    Cash sweep APYN/A
    Cash sweep insurance amountN/A
Stock trade fee$0
Minimum deposit$0
Cash sweep APYN/A
Signup bonusGet $100-$5,000
when you open and fund an account with $5,000 to $1,000,000+
Go to site Read review

Best crypto day trading platform

eToro

4.2

★★★★★

Finder score

Go to site Read review

Trade 21 cryptos including bitcoin (BTC), ether (ETH) and more with eToro's easy-to-use web and mobile trading platforms. Advanced charts with over 100 indicators, a technical analysis indicator with quick-view buy and sell signals and a $100,000 demo account are what make eToro stand out as the best crypto day trading platform.

  • Pros

    • Trade 21 cryptos
    • Paper trading account with $100,000 in virtual currency
    • Fractional shares
    • Advanced trading tools and features on an intuitive trading platform

    Cons

    • Limited tradable assets
    • No live chat feature
  • Available asset typesStocks, Options, ETFs, Cryptocurrency
    Annual fee0%
    Minimum deposit$0
    Signup bonusFINDER EXCLUSIVE: Get a guaranteed $15 bonus
    when you sign up and deposit $100
    Cash sweep APY4.9%
    Cash sweep insuredFDIC
    Cash sweep insurance amount$5 million
Stock trade fee$0
Minimum deposit$0
Cash sweep APY4.9%
Signup bonusFINDER EXCLUSIVE: Get a guaranteed $15 bonus
when you sign up and deposit $100
Go to site Read review

Best mobile app for day trading

Moomoo

4.7

★★★★★

Finder score

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Moomoo's one of the most capable trading apps on the market, offering advanced, customizable charting and free access to pro-grade tools such as analyst ratings, real-time Level 2 market data and short sale analysis. Track market capital flow to help time transactions, view position cost distribution and other technical indicators and use Moomoo's Indicator Sentiment for a quick view of the overall status of all technical indicators. Choose from over 63 indicators and 38 drawing tools or customize technical indicators with over 190 pre-set functions, all on Moomoo's user-friendly mobile app. You'll also find a dedicated desktop trading platform and paper trading so you can practice and test your strategies before going live.

  • Pros

    • Commission-free stock, ETF and options trades
    • Paper trading with $1 million in virtual currency
    • Advanced trading tools and features on an intuitive trading platform
    • Earn 5.1% APY on your uninvested cash with no balance requirements

    Cons

    • No fractional shares
    • No crypto
  • Available asset typesStocks, Options, ETFs
    Minimum deposit$0
    Signup bonusGet 5 or 15 free stocks
    when you open and fund an account with $100 or $1,000
    Cash sweep APY5.10%
    Cash sweep insuredFDIC
    Cash sweep insurance amount$500,000
Stock trade fee$0
Minimum deposit$0
Cash sweep APY5.10%
Signup bonusGet 5 or 15 free stocks
when you open and fund an account with $100 or $1,000
Go to site Read review

Best for day trading practice

TradeStation

4.2

★★★★★

Finder score

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Suitable for day trading stocks, ETFs, crypto, futures and options, TradeStation stands out for its trading simulator, where traders can back-test trading strategies and practice advanced tactics without the risk of losing real money. Practice trading stocks, options and futures, with unlimited simulated dollars and access to real-time market data. Plus, access TradeStation's trading simulator on desktop, web and mobile devices, so you can practice your trading on your platform of choice.

  • Pros

    • Paper trading with unlimited virtual funds
    • Trade stocks, options, futures, ETFs, crypto and more
    • Web, mobile and desktop platforms

    Cons

    • Account fees are on the high end
  • Available asset typesStocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Futures
    Annual fee0%
    Minimum deposit$0
    Signup bonusGet $50 - $5,000
    when you open an account with minimum $5,000 using the promo code TSTVAFYB
Stock trade fee$0
Minimum deposit$0
Signup bonusGet $50 - $5,000
when you open an account with minimum $5,000 using the promo code TSTVAFYB
Go to site Read review

Best for day trading information

Charles Schwab

4.2

★★★★★

Finder score

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With its acquisition of TD Ameritrade, Charles Schwab now boasts the popular Thinkorswim trading platform, making it a standout broker for day trading. Available for web, desktop and mobile, the powerful Thinkorswim trading platform offers highly customizable charts with over 400 technical studies and 20 drawings, live news, scanner tools, screeners and watchlists and complex trading instruments — such as multi-leg options. In-platform gadgets like Trade Flash displays third-party analyst up/downgrades, block trades, trade imbalances, trading floor events and more, and a paper trading account with $100,000 of virtual currency is available to practice and refine your trading strategies.

  • Pros

    • Powerful Thinkorswim trading platform for web, desktop and mobile
    • Expansive trading education library
    • Paper trading with $100,000 in virtual currency
    • Trade stocks, ETFs, options and futures

    Cons

    • No crypto
  • Available asset typesStocks, Bonds, Options, Mutual funds, ETFs, Futures, Treasury Bills
    Annual fee0%
    Minimum deposit$0
    Signup bonusGet $101
    when you open and fund an account with a minimum of $50
    Cash sweep APY0.45%
    Cash sweep insuredFDIC
Stock trade fee$0
Minimum deposit$0
Cash sweep APY0.45%
Signup bonusGet $101
when you open and fund an account with a minimum of $50
Read review

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Methodology: How we choose the best day trading platforms

Finder’s investments experts review 18 brokers available on the market to narrow down the best platforms for day trading.

We analyze each broker based on 147 key metrics we collect directly from brokers and assess each provider’s performance based on eight different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then score and rank each provider depending on how it performs

  • Investment optionsTrading platformsTrading costsAccount feesAccount typesCustomer supportMobile app reviewsFeatures
    15%37%7%8%0%5%8%20%

    We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.

    Brokers we review are: SoFi Invest®, Robinhood, eToro, tastytrade, J.P. Morgan Self-Directed Investing, Public, E-Trade, Vanguard, Interactive Brokers, Charles Schwab, Fidelity Investments, Webull, TradeStation, Axos Bank Self-Directed Trading, Cash App Investing, Zacks Trade, Moomoo and Acorns.

What is day trading?

Day trading is a trading strategy that involves buying and selling the same security within the same trading day. Using various techniques, primarily technical analysis, day traders aim to profit from short-term fluctuations in a security’s price. Day traders typically close their positions before the end of the trading day and never hold a security overnight.

Frequently asked questions

  • Day traders typically choose platforms that offer fast trade execution speeds, low trading costs and a trading platform that they can customize to their trading strategy and needs.

  • While it's possible to make $1,000 daily with day trading, a day trader's income depends on their specific trading strategies and the amount of capital available. According to ZipRecruiter, the day traders make $94,266 on average a year, as of September 2023. However, day trading is very risky, and there's no guarantee you'll make any money.

  • There's no guarantee day trading will be profitable, and most of the time, it probably won't be. A study by the US Securities and Exchange Commission, for instance, found that roughly 70% of forex traders lose money every quarter and 100% of their money in less than 12 months.

  • One hundred dollars may be enough to start day trading if you choose a broker that doesn't charge trading fees for the assets you'd like to trade. A broker that offers fractional share trading will make $100 go even further.

7 best day trading platforms 2024 | finder.com (2024)

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