Choosing the right brokerage is a very important decision when you are looking to
start day trading. There are a lot of factors to consider, such as pricing, ease of use,
and trading features. Thankfully, I have been able to find out which brokerages are
the best for day trading and have made a list of them for you.
TD Ameritrade is an industry leader and is a popular online broker. It has an
excellent customer service team and a wide range of trading platforms. It also offers
commission-free trades, ETFs, and mutual funds. TD Ameritrade’s services are
designed to fit the needs of both novice and experienced traders.
TD Ameritrade has a web-based platform that is user-friendly and easy to navigate.
You can view your account balances in real time and set up a dock tool to help you
organize your market news and RSS feeds.
TD Ameritrade’s thinkorswim is a powerful trading platform that is available both on
the web and the desktop. It offers a variety of technical studies and stock scanners
that can help you make informed trades. It also offers a mobile app, which allows
you to practice trading without risking your money.
TD Ameritrade also offers portfolio analysis through its web-based portfolio app. This
tool allows you to view your holdings in real time and see your realized gains and
losses. It also allows you to aggregate holdings from outside accounts.
TD Ameritrade offers commission-free ETFs and stocks, and there is no minimum
investment amount. The broker has more than 175 branches throughout the US. You
can get in-person help at these locations, but you can also contact customer service
by phone or email.
TD Ameritrade is one of the few brokers that offer backtesting. You can use the
platform to practice trading and learn what strategies work and what doesn’t. It also
allows you to create your own charts and studies. TD Ameritrade also provides a
daily written market analysis.
Founded in 1999, Questrade is a Canadian-based brokerage firm that offers various
products and services. It has a number of features, including two trading platforms,
free trading tools, and competitive rates. It also offers great customer service. It is
regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
Questrade offers a wide variety of financial instruments. Traders can choose from
ETFs, mutual funds, equities, and bonds. They can also trade CFDs on commodities
Questrade has a two-step verification process to ensure that only registered traders
can access their account information. It also uses 256-bit SSL encryption to protect
requests and transactions.
Questrade offers a variety of free tools and educational materials. It also has a
referral program that pays $25 for every third referral.
Questrade also offers an IPO Centre, which allows investors to purchase IPOs, new
shares of private companies going public. Traders can also trade CFDs on
international stocks, bonds, and indices. Its online platform offers a simple design
with some customization.
Questrade is also a member of the Canadian Investor Protection Fund. The firm uses
industry-leading security measures to protect the personal information of its clients.
It also provides free real-time market data.
In addition to its products and services, Questrade also has competitive fees. It is
also a member of the Investment Industry Regulatory Organization of Canada
Traders can get a comprehensive look at the investment landscape with Questrade’s
YouTube channel. It has videos on specific topics and assets.
Traders looking for a brokerage firm that offers a variety of tools and platforms
should check out Cobra Trading. This is a smaller firm with a great reputation for
This brokerage offers flexible trading platforms, access to short locates, and an
abundance of routing options. In addition to competitive stock and options trading
fees, this firm also offers personal customer service. Its specialized trading platform
allows traders to make direct market access trades with multiple sources.
Cobra Trading is a boutique trading firm that offers excellent customer service and
personal assistance. Unlike most brokers, they will give you the best tools available,
and they will help you make your trading experience as seamless as possible.
The Cobra Trading platform is designed to help you execute trades quickly and
efficiently. The platform also includes one-click trading, real-time charting, and an
array of market makers. This broker is a good choice for serious traders looking to
take advantage of the power of the direct market access.
Cobra offers direct market access for stocks and options. You can use this service to
trade in the stock market without using an ECN. You will need to deposit a minimum
of $27K in order to open an account. You can use this money to place trades in a
variety of exchanges and ECNs.
You can also use this firm’s DAS feature to access your account via a mobile app.
DAS runs $125/month.
Among the day trading products offered by easyMarkets is the VIP account. This
account comes with extra features like a personal account manager and a daily
fundamental and technical analysis.
It also offers a range of deposit and withdrawal options. These options include credit
and debit cards, bank wires, and other payment methods. Each payment provider
has its own processing times and currency conversion fees.
EasyMarkets offers a welcome bonus of up to 50% of the first deposit. This bonus
cannot be withdrawn before 30 days from the date of the first deposit. Depending on
the type of account, brokerage commissions may also apply.
This brokerage has several offices around the world. In addition to its headquarters
in Limassol, Cyprus, easyMarkets also has branches in Warsaw, Poland, and Majuro,
Traders can contact easyMarkets customer service by telephone, email, or
messenger. EasyMarkets staff is knowledgeable and responsive. However, it is only
available in English. In addition, easyMarkets does not indicate working hours for its
The “Learn Centre” section of the easyMarkets website provides information on the
psychology of trading, a mix of videos and written content. It also offers
downloadable eBooks that can be read on a tablet or smartphone.
Traders can customize their financial calendars and drawing and patterning. They
can also test trading strategies. They can also use the Freeze Rate feature to freeze
the price on the trading platform for a few seconds. This is especially useful for day
traders in volatile markets.
Whether you are new to the world of day trading or you are an experienced trader,
you can take advantage of the Blueberry markets. They offer a wide range of
financial instruments, including stocks, indices, and forex. They also provide you
with market news and analysis on the latest events.
The company has a strong reputation and good user reviews. It also has a good
reputation for customer support and is regulated by the Australian Securities and
Investments Commission (ASIC).
There are two types of accounts available at Blueberry Markets. The Standard
Account is commission free and offers a wide range of trading instruments. It also
offers an above average set of indices. The spreads start at around one pip for the
Standard Account. It also offers more than 300 stocks and a few commodities.
The company offers both a desktop and mobile app. They also offer a free demo
account, so you can try the platform before you open a live account. There are two
telephone numbers and a live chat option.
Blueberry Markets also offers free forex VPS service. This allows traders to execute
complex orders without worrying about FX fee at the point of transaction. The
Blueberry Markets mobile app offers complete control over your orders. The app also
offers push notifications and full-featured MetaTrader 4 and 5 software.
Blueberry Markets has a professional indemnity insurance policy. This protects
clients’ funds in the event of company bankruptcy. It is also supervised by the
Security Commission of the Bahamas and the Australian Securities and Investments
Whether you’re a seasoned veteran of the market or a novice trader, Webull is a
great place to start. It’s a comprehensive online brokerage that has a plethora of
options. Whether you’re looking to trade stocks, futures, or options, Webull can help
you get your money moving.
Webull has an easy to use and sleek design that can appeal to both beginners and
more advanced traders. It offers plenty of charting and analysis tools. The website’s
watchlist feature allows you to monitor your favorite stocks and ETFs. It even
includes a buy stop limit order and trailing stop loss feature. The company’s mobile
app is also a good choice for on the go trading.
Webull is a member of the Financial Industry Regulatory Authority (FINRA) and the
Securities Investor Protection Corporation (SIPC), which insures stocks and options
investments for up to $500,000. The company’s website has a helpful FAQ page, and
customer service is available 24/7. The company also offers a series of trading
Webull offers a wide variety of accounts, including individual and family brokerage
accounts, as well as Roth and rollover IRAs. There’s also an easy to use paper
trading account that allows you to test out trades without putting any real money on
the line. The company also offers free extended hours stock trading, which is a great
way to access the market when most other investors have gone home for the night.