Which Trading Apps Are Best For Day Traders?


Written By: Ehsan Jahandarpour

best trading apps for day traders

If you’re a day trader, you may be wondering which trading apps are best for you. There are several apps to choose from, but you should first consider which type of investments you plan to trade. Each platform may charge different fees depending on the investment type you plan to trade, and some may even offer no-commission or low-cost trading options. You should also keep in mind that the features offered by each app may differ slightly from those offered by desktop trading platforms. For instance, one trading app may offer a more comprehensive research tool than another, while another may have a charting tool that’s better suited for the type of investment you’re looking to trade.

Interactive Brokers

Interactive Brokers’ mobile trading apps are a great way to complement their desktop-based trading platform. However, some of the most popular features are not available on mobile devices, such as after-hours charting and custom screening. Although iPad apps are a great way to get in on the action, they should primarily be used as support for desktop trading.

Interactive Brokers has a zero-commission policy for US-based investors. However, investors outside the U.S. can expect to pay a fee of USD 0.0035 per share. Moreover, foreign exchange transactions will be charged at three basis points of the trade value. The company also offers fractional share trading and a swap feature. In addition, users can trade in cryptocurrency using its Paxos Trust platform.

Webull

With zero-fee brokerage services and top-tier regulatory oversight, Webull is the perfect choice for beginner traders. Its platform is easy to use and offers numerous charts and indicators. Its interface is streamlined and clean, with a combination of advanced features and a minimalist design. Moreover, it offers a full range of investment instruments, from stocks to ETFs, options and cryptocurrencies.

Webull’s platform offers a demo account and a paper trading account for beginners. Although the coverage of the market is extensive, it doesn’t offer updates regularly. Its fee-free option trading service is particularly attractive to new investors. But Webull should offer more comprehensive educational content. Fortunately, other leading day trading apps have superior educational content.

Ally Invest

If you’re a day trader, Ally Invest can help you with your day-to-day investing. This app has a number of benefits, including low fees and no account minimum. There’s also live chat and email support available to help you through any problems you may have. However, if you’re a complete novice, Ally Invest may not be the best option for you.

Ally Invest’s trading app is free and offers a customizable dashboard. You can set up alerts for specific securities or the entire market. You can also set alerts for news and price changes. Ally also offers a stock overview and an events calendar.

Merrill Edge

Merrill Edge is an online trading platform provided by Bank of America. It offers a variety of investment options, including stocks, ETFs, options, and mutual funds. Users can also view market updates. The platform is easy to navigate with five tabs: Accounts, Trade, Guidance & Retirement, and Mobile. The app also offers the ability to customize the layout and set trading defaults.

Signing up for an account with Merrill Edge is simple and fast. All you need is a social security number, contact information, employment information, and general financial information. If you’ve never used Merrill Edge before, you’ll need to complete their online signup form.

TD Ameritrade

If you’re a day trader, TD Ameritrade’s trading apps can make your life easier. They allow you to make trades in the pre-market hours, access a variety of instruments, and receive 24 hour customer support. They also offer support through email, text, and Facebook messenger. The platforms are easy to use and include customizable features.

TD Ameritrade is an industry leader, and offers a wide array of trading features and tools. Their user guides are extensive and include in-depth information. The company also offers after-hours trading, which is useful for traders who trade on the go. However, its high commissions may put some traders off, particularly those who are highly active. TD Ameritrade does not accept traders outside the United States, which could be a problem for some traders.

Comments are closed.