Best trading sites for day traders

NerdWallet offers financial tools and advice to help people understand their options and make the best possible decisions. The guidance we offer and info we provide are deeply researched, objective and independent. We spent over hours reviewing the top online brokers before selecting the best for our readers. One note before you begin: These brokers are our best overall picks because of their competitive pricing and strong trading platforms and tools.

OptionsHouse and Interactive Brokers have that powerful combination that every trader wants: Low commissions paired with advanced trading tools and platforms. OptionsHouse offers a very competitive flat rate and no minimum balance requirement.

These brokers offer some of the most powerful trading platforms available, with no minimums or fees.

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Both top picks, OptionsHouse and Interactive Brokers, have strong trading platforms. But TD Ameritrade and Charles Schwab also excel here. TD Ameritrade offers what may be the best trading platform available, thinkorswimalong with Trade Architecta second platform designed for simplicity.

Charles Schwab also offers two excellent platforms: These brokers offer the most competitive pricing and strongest tools for options traders. OptionsXpress best trading sites for day traders TradeStation are both superior brokers for options traders, though their appeal depends largely on trade activity and platform needs.

TradeStation is for seriously committed traders: In March the company eliminated monthly service fees for its desktop, mobile and web-trading apps for non-professional subscribers on the per-trade pricing plan.

The broker charges a forex quotes desktop gadgets rate based on account balance, but features a calculator on its website to help investors quickly do the math.

As noted above, Interactive Brokers does impose monthly trade minimums. Both brokers charge very competitive commissions for stock and options trades.

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Low commissions; superior tools, particularly for options. Top research; two powerful trade platforms; educational content. Extensive research; two trading platforms. Large selection; discounts for high-volume traders. Advanced research and tools, speedy execution.