If you want to day trade financial assets like stocks, commodities, or crypto – you will need to find a suitable platform.
Your chosen platform must not only offer heaps of markets alongside low commissions and spreads, but plenty of trading tools, technical indicators, and real-time data. You also need to think about payments, customer support, and of course – regulation.
In this guide, we review the best day trading platforms to consider in 2021.
In This Guide
Looking to download the best trading app right now? If so, below you will find the best day trading platform we think you should consider. You can find out more about each provider by scrolling down!
67% of retail investor accounts lose money when trading CFDs with this provider.
76.25% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
Your capital is at risk.
83% of retail investor accounts lose money when trading CFDs with this provider.
Your capital is at risk
There are hundreds of day trading platforms available in the online space. Some are great, while others are lacking in key departments.
We find that the Best trading platform for day traders are those that offer thousands of financial instruments, low commissions, and an abundance of tools and features.
To help clear the mist, below we review the best day trading platforms of 2021 and beyond.
VantageFX is our top rated pick for a day trading platform for traders around the world. That’s because this platform offers over 300 CFDs to trade across a wide range of asset classes. You can trade more than 40 forex pairs, dozens of stocks, commodities, indices, and more.
For day traders who want to leverage their accounts, VantageFX makes it easy. The broker allows you to trade major forex pairs on margin up to 500:1. Stocks can be traded with leverage up to 20:1.
VantageFX uses commissions for share trading, which can be favorable for traders who buy and sell in large volume. The broker charges $6 per trade for US stock CFDs. For forex trading, VantageFX offers a commission-free account with spreads starting from 1.4 pips.
One of the best things about this broker is its variety of trading platforms. You can use VantageFX’s built-in web trader and mobile app, or integrate your trading account with MetaTrader 4 or 5. The platform also supports social trading and copy trading with DupliTrade, ZuluTrade, and Myfxbook. All of these platforms are easy to use and the integration with VantageFX is seamless.
VantageFX is regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC). The broker offers 24/7 customer support and you can open a new account with as little as $200.
In reviewing dozens of providers, we concluded that eToro is the best day trading platform of 2021 for many reasons. Firstly, you will have access to thousands of markets across several key asset classes.
This includes over 2,400 shares, ETFs, indices, cryptocurrencies, hard metals, energies, agricultural products, and forex. As such, if you've got a specific financial asset that you like to trade, you'll likely find it at eToro.
We also think that eToro is the best broker for day trading because it is one of the most competitive in the fee department. You won't pay a single cent in commission when you place buy and sell orders, nor are there any ongoing platform fees. This allows you to target small day trading margins without getting your profits eaten away at.
Additionally, spreads are also very competitive on eToro - especially in the case of forex, gold, and stocks. We should note that eToro is unlikely to be suitable if you are a seasoned pro that relies on advanced technical analysis. Instead, this top-rated day trading platform is great for those that are just starting out in the space.
After all, eToro allows you to place orders at a stake of just $25 on crypto day trading and $50 when trading stocks. An additional day trading tool that is popular with those with little to no experience is that of the Copy Trading platform feature. This allows you to mirror a seasoned day trader like for like. If the trader risks 1.5% of their portfolio on a forex trade, as you will. This comes at no extra cost.
On top of low fees, tight spreads, and a huge asset library - we also think that eToro is the best platform for day trading for its strong regulatory standing. This includes FINRA registration and a regulatory license from the FCA, CySEC, and ASIC. Supported payment methods at this top-rated day trading platform include debit/credit cards, e-wallets, and a bank transfer.
Next up on our list of the best day trading brokers of 2021 is Libertex. This provider is a CFD trading site, so you'll have access to long and short-selling capabilities, as well as leverage. Regarding the former, Libertex offers up to 1:600 for those with a professional trading status.
With that said, perhaps one of the biggest draws to Libertex is that it charges no spreads on any of its markets. You might find that some financial instruments come with a low commission, albeit, many assets can be traded fee-free.
In terms of what you can trade on Libertex, the CFD broker covers hundreds of popular markets. This includes indices like the Dow Jones and CAC 40, dozens of forex pairs, commodities like WTI Crude Oil and natural gas, and heaps of stocks.
If you're wondering what type of day trader Libertex is suitable for, we would argue that the platform will appeal to investors of all shapes and sizes. For example, if you're a seasoned day trading pro, you'll likely want to use Libertex via MT4. If you're just starting out in the world of day trading, Libertex also offers its own web platform.
This is a lot easier to use - making it perfect for newbies. In terms of safety, this top-rated day trading platform has more than 2.9 million clients worldwide and has been active in the brokerage scene for over two decades. Additionally, the platform is licensed by CySEC. Finally, Libertex supports debit/credit cards, e-wallets, and bank transfers - and the minimum deposit is $100.
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83% of retail investors lose money trading CFDs at this site.
If you're a US resident and you're looking for a day trading platform to buy and sell stocks, Robinhood is well worth considering. Much like eToro, Robinhood is best suited for those of you that are looking to keep things simple.
That is to say, you won't find an abundance of chart drawing tools or technical indicators. You will, however, have access to over 5,000 US-listed stocks and ETFs. And best of all - Robinhood allows you to buy, sell, and trade these instruments on a 100% commission-free basis.
This is also the case with cryptocurrencies like Bitcoin. In addition to stocks, Robinhood is also a great day trading platform if you want to access options. Robinhood covers a wide variety of stock options with various maturity dates - all of which can be traded commission-free.
As a user-friendly day trading platform that is aimed at causal investors, Robinhood does not have a minimum deposit in place, nor will you be charged when you fund your account. You can also trade stocks on a fractional basis - meaning you only need to invest a few dollars into your chosen equity.
We should also note that Robinhood offers margin trading facilities. To be eligible for this, you will need to open a Gold Account and meet a minimum margin requirement of $2,000. Although this does come at a cost of $5 per month, you will be able to make instant deposits at a larger amount than the Standard Account permits.
In terms of the negatives, Robinhood does fall short in the asset department. Sure, you can trade stocks, Bitcoin, and options - but you won't have access to commodities like oil and natural gas. There is no forex offering, either. Finally, you won't be able to deposit funds with a debit card or e-wallet, as Robinhood only supports ACH and bank wires.
eToro and Robinhood are arguably the best day trading platforms for beginners. However, if you are an experienced pro that seeks a highly advanced trading arena - we would suggest looking at TD Ameritrade. Launched in 1975, the US-brokerage offers a huge asset library.
This includes thousands of stocks - both US-listed and international. You can also access ETFs and mutual funds, as well as bonds. If you're looking for more volatile assets, TD Ameritrade also covers financial derivatives like options and futures.
In terms of the day trading platform itself, TD Ameritrade offers one of the most unparalleled options in the markets. In what it calls thinkorswim®, the platform can be downloaded as desktop software for full functionality. You can also access thinkorswim® through your web browser and even a mobile app.
To give you an idea of the tools you will have access to on the native TD Ameritrade platform, which includes more than 400+ technical studies, sopthictaed pricing charts that can be customized to the 't', and more than 20 drawing tools. If you are an experience day trading pro and wish to take things to the next level, you might also find the thinkScript tool of interest.
Integrated with thinkorswim®, this allows you to build code-based trading strategies. As such, you can test out automated trading algorithms and create your own order execution model - all in a risk-free environment. TD Ameritrade even allows you to set up bespoke stock screening attributes.
This will can the markets in real-time based on your own technical and fundamental attributes. In terms of the fundamentals, there is no minimum deposit requirement at TD Ameritrade. Your trading fees and commissions will vary depending on which asset you are trading and the account plan you are on.
US-listed stocks and ETFs can be traded commission-free, and options start at $0.65 per contract. There is both a tiered and fixed commission plan, so choose one that suits your trading volume and frequency. Finally, as great as TD Ameritrade is, we should reiterate that the day trading platform is suitable only for seasoned pros.
TD Ameritrade fees
Some day traders will look to focus on a specific niche of the financial markets - such as USD-denominated forex pairs or blue-chip stocks. However, if you're the type of trader that wants access to a wide variety of markets, assets, and economies - look no further than Interactive Brokers.
Put simply, this trusted platform covers over 135 markets, 33 countries, and 23 currencies. In other words, if there is a financial market that you wish to trade - no matter how big or small, there is every chance that this trading platform supports it.
To give you an idea of the asset breakdown, you'll find everything from stocks, options, and currencies to funds, bonds, and IPOs. In a similar nature to TD Ameritrade, we would suggest that Interactive Brokers is a better option for experienced traders. This is because its proprietary trading platform is packed with advanced tools and indicators.
For example, the provider's flagship platform Trader Workstation - which is available via desktop software, covers advanced order types and risk management tools, as well as research, news, and market data. You can monitor key pricing trends in real-time with the aid of technical indicators and chart drawing tools.
On top of watchlists, customizable charts, and live quoting, the platform also offers a fully-fledged paper trading facility. This is great for testing our new strategies and order types in a risk-free manner. When it comes to commissions, this will vary depending on your account type and their asset you wish to day trade.
As is standard in the US brokerage scene, you can buy and sell American-listed stocks and ETFs commission-free. Other stock markets come with either tiered or fixed commissions, so be sure to check this before opening an account. Finally, although Interactive Brokers is best suited for experienced traders, there is no minimum deposit in place.
Interactive Brokers fees
Plus500 is another day trading platform that is popular with those that like to buy and sell CFD instruments. The provider is home to thousands of markets - including stocks, cryptocurrencies, indices, ETFs, and commodities.
Perhaps the most appealing part of the Plus500 asset library is that of its CFD offering. Here, you can trade an abundance of forex pairs without paying a single cent in commission. Across more than 60 pairs, this includes a great selection of majors and minors, as well as less liquid currencies.
As all fees are built into the spread at Plus500, we took a closer look at how competitive the platform is in this department.
On top of offering tight spreads and zero commissions, Plus500 also stands out for us as it allows you to trade with high levels of leverage. In accordance with the ESMA regulations, the maximum leverage that Plus500 offers is 1:30.
Although Plus500 has a strong following in the UK and Europe, clients use this platform from all over the world. This is evident in the number of regulatory licenses the provider holds. The process of getting started at this top-rated day trading platform is simple - as it takes just minutes to register and the minimum deposit is a mere $100.
76.4% of retail CFD accounts lose money.
Make no mistake about it - if you're looking to day trade online then you will need a sophisticated desktop platform. This can either come in the shape of a browser-based platform or desktop software. With that said, some traders also like to access the markets while on the move.
After all, the trading arena can change on a second-by-second basis, so it's crucial that you are able to enter and exit positions at the click of a button when you are away from your main device. One of the best day trading apps that we have come across is offered by TradeStation.
Available on both iOS and Android devices, this top-rated app comes with an abundance of advanced day trading features. This includes real-time streaming quotes on thousands of instruments and the ability to monitor market depth and volume. You can also place entry and orders with ease, and check on the status of active and pending positions.
The TradeStation app is also great for setting up and receiving alerts directly to your phone. Some of the alerts attributes that you can create include trading volume, price triggers, and even the VWAP. When it comes to tradable markets, TradeStation doesn't disappoint. This includes thousands of stocks, ETFs, and options - as well as futures, bonds, crypto, and mutual funds.
The TradeStation platform also gives you access to IPOs In terms of fees, TradeStation doesn't charge any commissions, although there is a small contract fee on options and futures. This varies from $0.50 to $1.50 depending on the market. If you want to trade non-US stocks, you will pay $5 per trade.
Although this might sound attractive, it won't be if you are looking to day trade and target small margins. If you're planning to trade crypto and you are a market taker, you'll pay a commission of 0.60% per slide. Cheaper rates are available for larger trading volumes, but this requires a minimum balance of $100k.
If you are interested in day trading but don't have the slightest idea how technical indicators, chart drawing tools, and advanced order types work - then you will best be suited for a beginner-friendly platform like Capital.com.
This entry-level CFD trading site requires a minimum deposit of just $20 - so it's a great option if you want to trade with real money but you want to keep your stakes small. Such an inconsequential amount allows you to get a feel for how the day trading scene works.
With that said, Capital.com also allows you to practice your day trading endeavors via a live demo account. This mirrors actual trading conditions and you will still have access to the same financial markets. Albeit, in a 100% risk-free environment. Whether you trade with real money or via the demo facility - Capital.com can help you become a better trader via its InvestMate app.
This is a mobile application that comes packed with courses, guides, and explainers on all-things trading. Capital.com supports a great variety of CFD markets, covering everything from stocks and cryptocurrencies to commodities and forex. Each and every CFD instrument can be traded commission-free with competitive spreads.
You can also apply leverage to your positions and choose from a long or short order. If you want to trade with this newbie-friendly day trading platform, you easily fund your account with a debit/credit card, e-wallet, or bank transfer. The platform is safe to use, not least because it holds licenses with the FCA and CySEC.
The main concept with day trading platforms is that you will be buying and selling financial assets with the view of making money. This is facilitated by a third-party broker that can connect you to your chosen marketplace.
The end-to-end process typically works like the following:
Your chosen day trading platform will charge a variety of fees and commissions. This might come via the spread, deposit fees, or overnight financing. More on this shortly.
We have reviewed a selection of the best trading platforms available in 2021. If you read through each review, you might have noticed that no-two platforms are the same.
For example, some are suited for seasoned pros that seek highly advanced analysis tools, while others are great for first-timers.
It’s important to choose a day trading platform that is right for you and your skill-set, so check out the sections below to find a suitable provider.
When investing in traditional assets like stocks, the process is relatively straightforward - even for newbies.
This is because in most cases, you will be investing in your chosen company for several years, meaning you won’t be overly concerned with short-term price shifts. Plus, there is rarely a need to perform technical analysis.
However, day trading is a completely different kettle of fish. After all, you will be opening a position and closing it within a few hours or minutes. This means that you need to choose a day trading platform that offers a variety of tools.
We would suggest looking out for the following tools in your search for the best trading platform for day traders:
Perhaps the obvious starting point is to check what charting tools the day trading platform offers. If you're an experienced trader, then you'll be looking for a good selection of technical indicators and chart drawing tools.
You'll also want a fully customizable trading screen and the ability to sent up price-related alerts.
Even those with a substantial amount of trading capital will utilize leverage. This is especially the case when day trading forex. After all, forex is traded in lot sizes, which is usually 100,000 units of the base currency. By choosing a day trading platform that offers leverage facilities, you'll be able to enter much larger positions.
Auto trading platforms are popular with both experienced and newbie investors. They allow you to buy and sell assets in a completely autonomous manner, meaning you can sit back and invest passively.
The best day trading platform that we have discussed today - eToro, offers an automated tool called Copy Trading. This allows you to select a successful day trader that uses the eToro platform and then copy all of their positions.
Real-time data feeds are crucial for day traders, not least because the financial markets move at an alarming pace. As such, not having access to accurate and up-to-date asset prices can be devastating. This is why the best online brokers for day trading offer real-time quotes.
Although the vast majority of day trading is based on technical price movements, you should discount fundamental data. This refers to financial news that can impact the value of an asset.
For example, if the Federal Reserve announces that it is hiking interest rates, you'll want to know about this the very second the story breaks.
Active traders will look to enter and exit a position in a matter of minutes. The only way to do this in a viable manner is if your chosen provider offers super-fast execution speeds. The Best trading platform for day traders will execute your order in a fraction of a second.
If you have a particular asset class in mind, make sure that your chosen day trading platform supports it. You should also take a closer look at what markets are on offer to ensure you have access to your preferred instrument. For example, you might opt for a forex trading platform because you want to trade currencies.
But, you still need to explore what pairs are on offer. This is also the case when trading stocks. That is to say, most day trading platforms offer US-listed equities.
However, if you want to trade markets in the UK, Europe, or elsewhere - make sure that it is supported before signing up. At eToro, you can trade over 2,400 stocks from 17 international markets, dozens of commodities, 55+ forex pairs, ETFs, indices, and more. As such, this top-rated day trading platform covers all bases.
As noted earlier, all day trading platforms charge fees in return for giving you access to the financial markets. This can come in various forms, so we've broken down the main fees to look out for below.
Many of the best day trading platforms discussed on this page allow you to trade on a commission-free basis. This means you won't pay a fee to enter or exit the position. However, many day trading platforms do a charge a commission - which is often a variable percentage.
The same trade at eToro would have cost you nothing in commission.
Apart from the odd exception like Libertex, all day trading platforms charge a spread. In fact, this is one of their main revenue sources. The spread is simply the difference between the buy and sell price of the asset you wish to trade. This gap in pricing ensures that the day trading platform always makes money. It is, therefore, an indirect cost to you.
In most cases, the platform will display the spread (either in pips or percentage), which allows you to assess how much you need to factor into your trading costs.
If you are day trading, this means that you will always exit outstanding positions before the market closes. However, there might come an occasion where you decide to keep a position open overnight. If you do, this will attract an overnight financing fee. This is charged on each day that you keep the position open past market hours.
All of the best day trading platforms that we have reviewed on this page are heavily regulated. This includes a license from at least one reputable financial body - such as the FCA, CySEC, ASIC, or the SEC.
In choosing a day trading platform that is licensed by one of the aforementioned bodies, you know that you are using a legitimate provider that does everything by the book.
For example, eToro is licensed by three of the above regulators, meaning that you will benefit from several investor protections. Not only does this include regular audits and KYC controls, but client funds must be held in segregated bank accounts.
If you come across a day trading platform that isn't regulated by a reputable financial body, you should not open an account with the provider.
In a time not so long ago, customer service was reserved for telephone support during standard market hours. However, we found that the best day trading platforms now offer a Live Chat facility that operates on at least a 24/5 basis - sometimes 24/7. This isn't the case with all platforms though - so you'll need to check what support channels are available before signing up.
If you're new to the world of day trading, it's best to sign up with a platform that offers a demo account. At eToro, for example, you can trade with paper money in live market conditions. This not only means that you can get used to how day trading works, but the platform itself.
There is no requirement to deposit any funds to use a demo account facility, but you usually need to open an account first. We should also note that demo accounts are great for seasoned day traders, as they allow you to test out new strategies and technical indicators in a risk-free manner.
Even if you plan to start off with a demo account facility, you will likely want to trade with real money at some point. When you do, you'll want to ensure that your chosen payment method is supported. Some of the best day trading platforms discussed on this page allow you to instantly deposit funds with a debit/credit card or e-wallet.
Others only accept bank transfers. This can delay the funding process, so do bear this in mind if you want to start trading straight away. You also need to check what payment fees are applicable and whether or not an FX charge will apply.
Once you have chosen a day trading platform that meets your needs, you will need to go through the formalities of opening an account and making a deposit. After that, you'll need to set up a day trading order.
If this will be your first time joining a day trading platform, below we walk you through the process with eToro.
Opening an account at eToro takes minutes. Simply head over to the eToro website, click on 'Join Now', and follow the on-screen instructions.
You will be asked to provide some personal information and contact details, as well as verify your mobile number.
All eToro users must go through a quick KYC process, as the platform is heavily regulated.
You will need to upload a copy of the following:
As soon as you have opened an account and verified your identity, you can then start using the eToro demo account. This will allow you to day trade without needing to risk any capital.
If, however, you want to start day trading with real money, you need to meet a minimum deposit of $200 ($50 for US traders). You can choose from the following payment methods:
If you're an experienced day trader then you likely have an asset class in mind. If so, you search for the specific instrument that you wish to trade. As you can see from the below, we are looking to trade Bitcoin.
If you want to see what markets are supported by eToro, click on the 'Trade Markets' button.
Once you have an asset to trade, it's time to place an order. First, you need to choose from a buy or sell order. In our example, we are opting for a buy order, as we think the price of Bitcoin will rise. If you think the price of the asset will decline, change this to a sell order.
By default, you will be placing a market order - meaning that eToro will execute your position instantly. However, if you want to specify the price that you enter the market, change this to a limit order. You can also set up a stop-loss and take-profit order.
To complete your commission-free trade, click on the 'Open Trade' button!
In summary, choosing the right day trading platform for you is crucial. As we have discussed, you need to look at what assets the platform supports, fees and commissions, licensing, customer support, and payments. You also need to explore what trading tools you will have at your disposal.
After reviewing dozens of providers, we found that the best day trading platform in the market is that of eToro. On top of offering thousands of commission-free markets, this regulated day trading platform is simple to use and comes packed with useful tools - such as its automated Copy Trading feature.
75% of retail investor accounts lose money when trading CFDs with this provider.
As per FINRA regulations, if you're a US resident as place four or more trades in a five-day period, you will be classed as a 'pattern day trader'. In turn, this means that you need to hold at least $25,000 in your brokerage account. Your chosen day trading platform will let you know when this happens. .
Make no mistake about it - most day traders lose money. Only a select few have the ability to consistently make money from day trading. This is why you need to learn the ins and outs of technical and fundamental analysis.
Yes, eToro offers a Copy Trading tool that allows you to mirror an experienced day trader like-for-like. The other option is to download an automated robot and install it into a third-party platform like MT4. The robot will then day trade on your behalf.
We found that the best online broker for day trading is eToro. The commission-free platform allows you to trade stocks, crypto, ETFs, commodities, forex, and more - all in a user-friendly manner.
If you are searching for the best day trading brokers for beginners, eToro and Capital.com are worth a look. Both platforms are ideal for newbies and allow you to trade with small stakes. Both providers also offer a demo account facility, which you can access once you have registered. .
The amount of leverage offered by the best online brokers for day trading will depend on your location and the respective asset. For example, Americans can get leverage of up to 1:50 on major forex pairs, but European citizens are capped to 1:30. This is to ensure that you don't risk more than you can afford to lose, especially on assets that possess high volatility levels..
Day traders make money by speculating on which way the price of an asset will move in the short-term. If the day trader speculates correctly, they will make a profit. The amount of profit that can be made will depend on the percentage gains and size of the stake.
Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Kane has also written for websites such as MoneyCheck, InsideBitcoins, Blockonomi, Learnbonds, Buysharesand the Malta Association of Compliance Officers.
Best UK Stock, Forex, CFD, Crypto, Social or Day Trading Platform that meets your needs.