BEST OF

11 Best Trading Platforms for Day Trading of December 2022

The best online day trading platforms offer advanced features, fast execution, a large selection of research, low costs and a robust mobile app for trading on the go.

Nov 1, 2022

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If you’re a day trader (or an aspiring day trader), you probably have a good idea of what you want in a brokerage and online trading platform: low costs, premium research, innovative strategy tools and a comprehensive trading platform. But how to the online brokers stack up when it comes to meeting those needs? Below, we’ve selected the best brokers for day trading and platforms in a variety of categories so you can choose one based on your personal priorities.

One note before you begin: Pattern day traders — as defined by the SEC — must have at least $25,000 in equity in their accounts and be approved for margin trading, regardless of whether their broker’s account minimum is lower.

» New to this world? Learn the basics with our guide to how day trading works.

Best Trading Platforms for Day Trading

NerdWallet rating 

5.0

/5
Fidelity
Learn more

on Fidelity's website

Fees

$0

per trade for online U.S. stocks and ETFs

Account minimum

$0

Promotion

Get $150

when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY150. Limited time offer. Terms apply.

NerdWallet rating 

5.0

/5
Interactive Brokers IBKR Pro
Learn more

on Interactive Brokers' website

Fees

$0.005

per share; as low as $0.0005 with volume discounts

Account minimum

$0

Promotion

Exclusive!

US resident opens a new IBKR Pro individual or joint account receives 0.25% rate reduction on margin loans. Tiers apply.

NerdWallet rating 

4.7

/5
Merrill Edge
Learn more

on Merrill Edge's website

Fees

$0

per trade

Account minimum

$0

Promotion

Up to $600

when you invest in a new Merrill Edge® Self-Directed account.

NerdWallet rating 

4.9

/5
Webull
Learn more

on Webull's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to 12 free stocks (valued up to $30,600)

when you open and fund an account with Webull. Promotion ends 11/30/2022.

NerdWallet rating 

5.0

/5
TD Ameritrade
Learn more

on TD Ameritrade's website

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

5.0

/5
E*TRADE
Learn more

on E*TRADE's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to $600 or more

when you open and fund an E*TRADE account

NerdWallet rating 

4.6

/5
TradeStation
Learn more

on TradeStation's website

Fees

$0

per trade

Account minimum

$500

Promotion

Get an extra $150

cash credit with a minimum deposit of $500. Offer Code: NERDAGCU.

NerdWallet rating 

4.8

/5
Ally Invest
Learn more

on Ally Invest's website

Fees

$0

per trade (on eligible US securities)

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

3.6

/5
Zacks Trade
Learn more

on Zacks Trade's website

Fees

$0.01

per share

Account minimum

$2,500

Promotion

None

no promotion available at this time

Want to compare more options? Here are our other top picks:

Last updated on November 1, 2022

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People often identify opening a savings account as their next money move.

LendingClub High-Yield Savings

4.5

NerdWallet rating 
LendingClub High-Yield Savings

APY

3.25%

With $0 min. balance for APY

at LendingClub Bank, Member FDIC

Discover Bank Online Savings

5.0

NerdWallet rating 
Discover Bank Online Savings

APY

3.00%

With $0 min. balance for APY

Bonus

$200

Requirements to qualify

at Discover Bank, Member FDIC

Marcus by Goldman Sachs Online Savings Account

5.0

NerdWallet rating 
Marcus by Goldman Sachs Online Savings Account

APY

3.00%

With $0 min. balance for APY

at Marcus by Goldman Sachs, Member FDIC

Methodology

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers and robo-advisors. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.For more details about the categories considered when rating providers and our processes, read our full broker ratings methodology and our full robo-advisor ratings methodology.

To recap our selections...

NerdWallet's Best Trading Platforms for Day Trading of December 2022

Frequently asked questions