Best Day Trading Apps

Contributor, Benzinga

Want to jump straight to the best? Most of our users prefer Interactive Brokers for stock trading.

Day trading is a type of stock trading where you buy and sell securities in short periods of time. Day traders don’t care if the overall market moves up or down. As long as the stock market experiences volatility, a day trader can make money by purchasing assets when they dip in price and sell them off when they rise in value.

Learn more about day trading and find the best day trading apps with our guide.

The Best Day Trading Apps

Based on the criteria above, we compiled the best day trading apps of the year.

1. TD Ameritrade

TD Ameritrade offers both iPhone and Android apps for enhanced day trading. TD Ameritrade Mobile lets you trade stocks, options, futures and forex.

You can manage your positions with helpful tools and features, including more than 300 technical charts and indicators.

24/5 trading lets you trade select securities 24 hours a day, 5 days a week. You can expand your list of securities to international markets and specific sectors.

TDAmeritrade also offers the TD Ameritrade Mobile App, a powerful mobile trading app compatible across all your smart devices. You can track your investments, trade stocks, ETFs and options, explore integrated charts, set up price alerts, access watchlists and get 3rd-party research.

get started securely through TD Ameritrade’s website
Best For
Options Trading
N/A
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates

2. IBKR

Interactive Brokers has been voted the best online broker by Barron’s for the last 4 years in a row, improving investment automation and services across 4 decades. Clients from over 200 countries can use IBKR to manage their investments, accessing 135 markets in 23 currencies. The technology behind IBKR is so powerful that it supports hedge funds, proprietary trading groups, financial advisors and brokers. The firm provides clients with low execution prices, quality trading services, portfolio management tools, research services and a range of investment products.

get started securely through Interactive Broker’s website
Best For
Global and Active Traders
N/A
1 Minute Review

Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 135 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  

IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.

Best For
  • Access to foreign markets
  • Detailed mobile app that makes trading simple
  • Wide range of available account types and tradable assets
Pros
  • Comprehensive, quick desktop platform
  • Mobile app mirrors full capabilities of desktop version
  • Access to massive range of tradable assets
  • Low margin rates
  • Easy-to-use and enhanced screening options are better than ever
Cons
  • Trading platform may be intimidating for new investors

3. Best for Real Time Alerts: Stock Alarm

When you need stock alerts, remember that some are faster than others. Stock Alarm allows you to customize your alerts, receiving either phone or push alerts, in real time. You can set triggers for over 10,000 assets, using 50+ parameters, including:

  • Limits
  • Percent change
  • Price change
  • SMA
  • EMA
  • MACD
  • RSI
  • Death cross
  • Gold cross patterns

If you want to learn more about the markets, you can review current news, the top gainers, losers and trending stocks. You have all the information you need, and there are likely some new stocks that will pique your interest.

Plus, the referral program helps you get a free month of Gold membership on top of your current membership every time friends or family use your dedicated link to sign up. Just go to the app and click on the Share Stock Alarm button to get your shareable link.

The best part of Stock Alarm is that it is actively developed and always keeps up with the markets. You can download the app on iOS or Android, and it’s available as a web app on your browser. Plus, you can submit requests, and Stock Alarm looks into those requests, making changes as needed. If you want real time alerts and an app that works for you, this is a good place to start.

get started securely through Stock Alarm’s website
Best For
All Experience Levels
N/A
1 Minute Review

Stock Alarm is an accessible platform for tracking financial assets like stocks, exchange-traded funds (ETFs), and cryptocurrencies. Stock Alarm allows you to create your own customized alerts against a number of real-time exchange feeds. In other orders, you won’t need to set limit orders and hope for the best when the market opens or check your phone incessantly while at work to track security positions. 

With Stock Alarm, you can mix and match more than 50 alert types ranging from marketwide alerts that signal upcoming earning reports and initial public offerings (IPOs) to price targets and technical indicator alerts on specific assets. You can also choose to be alerted by phone call, email, text and push notifications. 

The company prides itself on its high-tech, real-time tracking features. It frequently bases development of its features on user requests, hoping to bring the power of the Bloomberg terminal into the hands of everyday traders. 

Best For
  • Financial asset traders at all experience levels
  • Retail traders that are typically unavailable during or outside market hours to actively trade because of work or other obligations
  • Retail traders looking to learn and test advanced financial indicators
Pros
  • Accessible, simple and clean design
  • Easy to use and very practical
  • The ability to mix and match more than 80 alert types
  • Advanced system that’s approachable and intuitive for beginners
Cons
  • Fairly new app
  • Occasionally has bugs that are typically quickly resolved

4. Best for Beginners: Robinhood

Robinhood allows traders to buy and sell stocks without commission charges. In addition to no-fee trading and a $0 minimum deposit, Robinhood also offers an easy-to-use mobile app that’s as responsive as it is intuitive.

Robinhood cuts most of the frills that come along with other brokers but it’s impossible to beat the app’s free trading platform. Users can buy and sell stocks with a few clicks, and the app’s mobile-native platform means nothing gets lost in translation from the website to the phone or tablet. New users can even get a free share of a major company, though the actual share they receive is selected at random.

More seasoned stock traders may be put off by Robinhood’s lack of resources and analysis tools but for new traders worried about fees and commissions, the app’s design and easy-to-use format is a must-see.

get started securely through Robinhood’s website
Best For
Beginners
N/A
1 Minute Review

Robinhood is a broker designed for traders who want a simple and easy-to-use platform. It takes out all the bells and whistles that can be confusing to the modern day trader, serving as the perfect place for beginners to learn the markets. The interface is intuitive and easy to master, streamlined to ensure you don’t get distracted as you build a portfolio. Though advanced traders might like more thorough analysis tools, Robinhood gives you everything you need to start trading and learn the ropes.

Best For
  • Beginner traders
  • Mobile traders
Pros
  • Streamlined, easy-to-understand interface
  • Mobile app with full capabilities
  • Can buy and sell cryptocurrency
Cons
  • Fewer analysis tools than most
  • Only taxable, non-retirement accounts are available

5. Best for Active Traders: Webull

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

get started securely through Webull’s website
Best For
Intermediate Traders and Investors
N/A
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in mutual funds, bonds or OTC stocks

6. Best for Novice Traders: Moomoo

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading.

It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

get started securely through Moomoo’s website
Best For
Active Traders
N/A
1 Minute Review

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Best For
  • Cost-conscious traders
  • Active and Advanced traders
Pros
  • Over 8,000 different stocks that can be sold short
  • Access trading and quotes in pre-market (4 a.m. to 9:30 a.m. ET) and post-market hours (4 p.m. to 8 p.m. ET)
  • No minimum deposit to open an account.
Cons
  • No chat support

7. Best for Advanced Traders: TradeStation

TradeStation’s platform used to only be best for professional traders who needed a highly technical platform. Not anymore.

TradeStation’s TS GO account option offers novice traders access to professional-grade stock screeners and extensive educational and development tools.

TradeStation’s feature-rich mobile app syncs to your online account so you can trade stocks, options and ETFs, enjoy Hot List, Quote and Matrix features.

You can get:

  • Streaming quotes in real time
  • Options spread strategies
  • In-depth market monitoring
  • Mobile price alerts and mobile swing alerts
  • Chart analysis with indicators
  • Split-second precision
get started securely through TradeStation’s website
Best For
Futures Trading
N/A
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be

What Do You Need to Start Day Trading?

Put a handful of things in your back pocket before you start trading. Check out our list.

1. Capital

You’ll need capital in your accounts to buy your 1st set of stocks. Though most brokers with account minimums allow traders to start buying and selling assets with as little as $250, you’ll need more capital to see significant profits once you consider the costs associated with commissions.

Most professional day traders recommend that new users start with a small $1,000 deposit to test your trading strategy — you can always put up more later on if you see success. New day traders should be particularly aware of the SEC’s pattern day trading rule; accounts with less than $25,000 at the end of the day are limited to 3 round-trip trades per 5-day period.

Once you exhaust your 3 round-trip trades a week, your broker must cut off your trading privileges until the next 5-day period begins or you make a deposit into your account to bring your account to $25,000. The pattern day trading rule means that it’s important for low-level day traders to be very selective about what you buy and sell because your accounts are limited.

2. A Source for Live Quotes

Unlike long-term investors, day traders buy and sell their stocks quickly. Some traders may even purchase a stock and sell it within the span of 15 minutes. Day traders need a reliable source for instantaneous stock market quotes to know when to buy and sell. Check out our list of the best free sources for stock market quotes on the web and bookmark options that appeal to you.

3. Realistic Aspirations

If a day trading course or website claims that stock trading can make you thousands of dollars overnight or that you can follow  “simple tricks” to wealth, they’re probably trying to sell you something.

Successful stock trading takes time. Many professional traders confess that it took them over 6 months to begin to see regular profits, as well as countless hours of practice with a dummy account. Have realistic expectations for the amount of money that you’ll earn and don’t be afraid to make mistakes — they’re an important part of the learning journey. 

What You Should Look for in a Day Trading App

Ask 100 traders about their favorite feature in a day trading app and you’ll likely come away with dozens of different answers. However, the 3 most prevalent are an intuitive layout, low fees/commissions and full web functionality.

1. An Intuitive Layout

No matter how well it works or how many cool research tools it offers, the best day trading app in the world is useless if you can’t figure out how to use it. Check out YouTube app tutorials and demonstrations before committing to an app to ensure that you like an app’s look and feel and that its functions are intuitive and quick to execute.

2. Low Fees and Commissions

You’ll probably find your day trading app through your stockbroker — you should already be familiar with the fees and commission schedule. However, if this is your first venture into stock trading, you’ll want to choose an app provider that offers low fees and commissions in order to maximize your trade profits.

Many brokers also offer deep discounts for professional brokers who execute many trades a month.

3. Full Web Functionality

Some brokers severely limit an app’s functionality, encouraging traders to use their desktop versions. Before you commit to an app, make sure that it offers all of the features and functionality of its desktop counterpart.

Find a Day Trading App Today

Many traders are drawn to day trading by the possibility of earning huge payouts, but with the possibility of reward comes proportionate risks.

Traders can minimize risks by learning as much as possible about the market and order execution before you begin trading using real money. Check out 1 of our favorite low-cost courses on trading to get started.

Frequently Asked Questions

Q

How many trades does a day trader average on a daily, weekly and monthly basis?

1
How many trades does a day trader average on a daily, weekly and monthly basis?
asked
A
1

A day trader averages 5 trades a day, 20 per week and 100 a month.

answered
Q

What is the minimum account value to start day trading?

1
What is the minimum account value to start day trading?
asked
A
1

The average account size is $25,000. But the minimum account requirement differs from broker to broker.

answered