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Standout Brokers For Day Trading

Day trading requires intense focus and is not for the faint of heart. It’s also not something you want to risk your retirement savings on. One critical tip: Open a practice account at a suitable brokerage and give it a go before committing any real money to day trading. Many brokerage accounts offer practice modes or stock market simulators, in which you can make hypothetical trades and observe the results.

On the topic of brokerage accounts, you will also want to make sure you have a suitable one before you begin day trading. High transaction costs can significantly erode the gains from successful trades, and the research resources some brokers offer can be invaluable to day traders. View details from our partners in the cards below.

Broker

Highlights

Commissions

Account Minimum

Current Offers

Start Investing

NerdWallet rating

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Top research; two powerful trade platforms; educational content

Commissions

$0

per trade

Current Offers

Up to $600

cash credit with qualifying deposit

on TD Ameritrade's secure website

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NerdWallet rating

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Sophisticated platform; exceptional research and analytical tools

Commissions

$0

per trade

Current Offers

Up to $2,500

cash credit with a qualifying deposit

on TradeStation's secure website

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NerdWallet rating

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$0 stock and ETF trades; large research selection.

Commissions

$0

per trade

Current Offers

None

No promotion available at this time

on Interactive Brokers IBKR Lite's secure website

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NerdWallet rating

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Per-share pricing; strong trading platform.

Commissions

$0.01

per share

Current Offers

$1

minimum trade cost

on Zacks Trade's secure website

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See the possibilities

Predicting exactly how much money an investment will return would be magic. Unsurprisingly, no such crystal ball exists. You can, however, crunch the numbers with a compound interest calculator and guesstimate a range of different outcomes. As a starting point, the average annual return from the S&P 500 was just below 7% for the 10-year period 1996-2016.*

COMPOUND FREQUENCY

Estimated Future Balance: $14,290

PrincipalInterest
Check out those gains

With investing, time is your friend. The sooner you start, the longer you'll have to let compound interest do its thing.

Disclaimer: This is hypothetical and in no way predicts future performance. The average annual nominal return of the S&P 500 the last 30 and 10 years was calculated by the geometric mean with no adjustment for inflation. Investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. The hypothetical performance above does not take into account fees or sales charges.

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