Best Online Broker For Day Traders? The Search Begins.
May 30, 2019
“When choosing an online broker, day traders place a premium on speed, reliability, and low cost. Features designed to appeal to long-term infrequent traders are unnecessary for day traders, who generally start a trading day with no positions in their portfolios, make a lot of transactions, and end the day having closed all of those trades. Here are our top brokers for day trading:
- “Interactive Brokers
- Lightspeed
- TradeStation
- TD Ameritrade
- tastyworks
Day traders may place their trades manually, often from a chart, or set up an automated system that generates orders on their behalf. Fundamental data is not a concern, but the ability to monitor price volatility, liquidity, trading volume, and breaking news is key to successful day trading…”
https://www.investopedia.com/best-brokers-for-day-trading-4587880
I’m starting to come to the realization I may have to switch online brokers to meet my needs. I just started researching but so far I’m leaning in the direction of TD Ameritrade or Lightspeed. None of this is set is stone. It’s just my current train of thought at the moment.
It’s probably in my best interest to try more than one online broker anyway. I have nothing to compare Robinhood to.