If you are an active trader / day trader, and are looking for an option for you to open a brokerage account, you would probably be looking for a stable platform with fast execution and cheapest commission rates.
Read the editorial and user reviews of the most popular day trading brokerages above, which will give you a complete analysis of their day trading software features, commissions and fees, and their user feedback. Comparebroker’s research team went through various day trading brokerage platforms and have selected following brokers for your consideration:
Day trading is the buying and selling of different financial instruments, such as stocks, options, currencies with buying and selling on the same day. The goal of online day trading is to execute a lot of trades, and make profit from the difference between the buying price and the selling price.
Before the dawn of Internet, Day trading was only available to big financial institutions, because only they had access to the exchanges and market data. Although, it involves high risk, some traders do day trading for a living.
There are several different styles of day trading, suited to different day trader personalities. The styles range from short term trading such as scalping where positions are only held for a few seconds or minutes, to longer term swing and position trading where a position may be held throughout the trading day.
Day trading brokerages are different from traditional investment brokerages, because the former offer services specifically designed for day trading.
While choosing a broker, you must look for two things: