6 Best Day Trading Apps of 2022 • Pros, Cons & Compare • Benzinga

Want to claim 6 FREE stocks? Head over to Webull to get started. Day trading is a type of sprout deal where you buy and sell securities in short periods of time. Day traders don ’ metric ton care if the overall market moves up or down. a long as the stock commercialize experiences volatility, a day trader can make money by purchasing assets when they dip in price and sell them off when they rise in rate .
Learn more about day deal and find the best day trade apps with our usher .

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 enhance day trade. 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 trade lets you trade blue-ribbon securities 24 hours a day, 5 days a workweek. You can expand your list of securities to international markets and specific sectors .
TDAmeritrade besides offers the TD Ameritrade Mobile App, a brawny mobile trading app compatible across all your smart devices. You can track your investments, trade stocks, ETFs and options, research integrated charts, set up price alerts, access watchlists and get 3rd-party research .

TD Ameritrade

Best For
Options deal
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Best For
Options trade

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This publicly listed discount rate broker, which is in being for over four decades, is service-intensive, offering intuitive and knock-down investment tools. specially, with fairness endow, a flat fee is charged, with the firm claiming that it charges no trade wind minimum, no data fees, and no chopine fees. Though it is pricier than many early discount brokers, what tilts the scales in its prefer is its all-around service offerings and the quality and respect 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

interactional Brokers has been voted the best on-line broker by Barron ’ randomness for the end 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 brawny that it supports hedge funds, proprietorship trade groups, fiscal advisors and brokers. The firm provides clients with low murder prices, timbre deal services, portfolio management tools, inquiry services and a range of investment products .

Interactive Broker

Best For
Global and Active Traders
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Best For
Global and Active Traders

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synergistic Brokers is a comprehensive trade platform that gives you access to a massive range of securities at low-cost prices. You can buy assets from all around the global from the consolation of your home or agency with access to over 135 global markets. Options, futures, forex and fund trade are besides available, and most traders won ’ thyroxine give a commission on any purchase or sale .
IBKR is geared primarily toward experienced traders and investors but now with the handiness of exempt trades with IBKR Lite, casual traders can besides acclimate to IBKR ’ south 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 certificate alerts, remember that some are faster than others. Stock Alarm allows you to customize your alerts, receiving either earphone 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 peak gainers, losers and trending stocks. You have all the information you need, and there are likely some new stocks that will pique your concern .
Plus, the referral program helps you get a free calendar month of Gold membership on peak of your current membership every time friends or family use your consecrated link to sign up. just go to the app and click on the Share Stock Alarm push button to get your shareable yoke .
The best part of Stock Alarm is that it is actively develop and always keeps up with the markets. You can download the app on io or Android, and it ’ s available as a network app on your browser. Plus, you can submit requests, and Stock Alarm looks into those requests, making changes as needed. If you want veridical prison term alerts and an app that works for you, this is a adept place to start .

Stock Alarm

Best For
All experience Levels
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All feel Levels

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Stock Alarm is an accessible chopine for tracking fiscal assets like stocks, exchange-traded funds ( ETFs ), and cryptocurrencies. Stock Alarm allows you to create your own customize alerts against a numeral of real-time rally feeds. In other orders, you won ’ t need to set restrict orders and hope for the best when the grocery store opens or check your phone endlessly 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 besides choose to be alerted by phone margin call, e-mail, text and push notifications .
The company prides itself on its high-tech, real-time traverse features. It frequently bases exploitation of its features on drug user requests, hoping to bring the ability 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 summation to no-fee trade and a $ 0 minimum deposit, Robinhood besides offers an easy-to-use mobile app that ’ s angstrom responsive as it is intuitive .
Robinhood cuts most of the frills that come along with early brokers but it ’ s impossible to beat the app ’ s free trade chopine. 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 web site to the earphone 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 broth traders may be put off by Robinhood ’ s miss of resources and analysis tools but for new traders worried about fees and commissions, the app ’ south design and easy-to-use format is a must-see .

Robinhood

Best For
Beginners
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Best For
Beginners

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Robinhood is a broker designed for traders who want a dim-witted 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 perfective place for beginners to learn the markets. The interface is intuitive and easy to master, streamlined to ensure you don ’ triiodothyronine catch distracted as you build a portfolio. Though advanced traders might like more exhaustive analysis tools, Robinhood gives you everything you need to start trade 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 store ( ETF ) trade. It ’ randomness 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 trade and short-selling. Webull ’ s trading platform is designed for intermediate and experience traders, although beginning traders can besides benefit .
Webull is widely considered one of the best Robinhood alternatives .

Webull

Best For
intercede Traders and Investors
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Best For
average Traders and Investors

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Webull, founded in 2017, is a mobile app-based brokerage that features commission-free store and exchange-traded fund ( ETF ) trade. It ’ sulfur 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 trade and short-selling. Webull ’ s trading platform is designed for intercede and experienced traders, although beginning traders can besides 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 trade app available on Apple, Google and Windows devices. Moomoo is another bang-up option for Robinhood. This is an great trade platform if you want to dive deep into smart trading .
It offers impressive trade tools and opportunities for both newly and advanced traders, including advanced chart, pre and post-market trade, international trade, research and analysis tools, and most popular of all, release Level 2 quotes .
Get started right away by downloading Moomoo to your call, pill or another mobile device .

Moomoo

Best For
active Traders
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active Traders

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Moomoo is a commission-free mobile trade app available on Apple, Google and Windows devices. A auxiliary of Futu Holdings Ltd., it ’ randomness 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 bang-up option for Robinhood. This is an outstanding trade platform if you want to dive deep into chic trade. It offers impressive trade tools and opportunities for both new and advance traders, including advanced chart, pre and post-market deal, external trading, research and analysis tools, and most popular of all, free Level 2 quotes .
Get started mighty away by downloading Moomoo to your phone, pad 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 master traders who needed a highly technical chopine. not anymore .
TradeStation ’ sulfur TS GO account choice offers novitiate traders access to professional-grade broth screeners and extensive educational and exploitation tools .
TradeStation ’ randomness feature-rich mobile app synchronize to your on-line report indeed 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

TradeStation

Best For
Futures Trading
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Best For
Futures Trading

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TradeStation is for advanced traders who need a comprehensive examination platform. The brokerage offers an impressive compass of investable assets as frequent and master traders appreciate its wide stove of psychoanalysis tools. TradeStation ’ randomness app is besides equally effective, offering fully 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 jell of stocks. Though most brokers with account minimums allow traders to start buy and selling assets with arsenic 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 raw users start with a small $1,000 deposit to test your trading scheme — you can always put up more subsequently on if you see success. New sidereal 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 time period .
once you exhaust your 3 round-trip trades a workweek, your agent 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 design day trade rule means that it ’ sulfur significant 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-run investors, day traders buy and sell their stocks cursorily. Some traders may even purchase a stock and sell it within the bridge of 15 minutes. Day traders need a dependable source for instantaneous stock market quotes to know when to buy and sell. Check out our tilt of the best free sources for malcolm stock marketplace quotes on the vane and bookmark options that appeal to you .

3. Realistic Aspirations

If a day trade course or web site claims that stock trading can make you thousands of dollars overnight or that you can follow “ dim-witted tricks ” to wealth, they ’ ra 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, vitamin a well as countless hours of exercise with a dummy explanation. Have realistic expectations for the sum of money that you ’ ll earn and wear ’ metric ton be afraid to make mistakes — they ’ re an important part of the learning travel .

What You Should Look for in a Day Trading App

Ask 100 traders about their favorite feature of speech in a day trade app and you ’ ll likely come away with dozens of unlike answers. however, the 3 most prevailing are an intuitive layout, low fees/commissions and wide web functionality .

1. An Intuitive Layout

No matter how well it works or how many cool research tools it offers, the best day trade app in the world is useless if you can ’ thyroxine design out how to use it. Check out YouTube app tutorials and demonstrations before committing to an app to ensure that you like an app ’ mho look and feel and that its functions are intuitive and immediate to execute .

2. Low Fees and Commissions

You ’ ll probably find your day trade app through your stockbroker — you should already be familiar with the fees and commission schedule. however, if this is your first venture into livestock deal, you ’ ll want to choose an app provider that offers broken fees and commissions in order to maximize your craft profits .
many brokers besides offer deep discounts for professional brokers who execute many trades a calendar month .

3. Full Web Functionality

Some brokers badly limit an app ’ second functionality, encouraging traders to use their background versions. Before you commit to an app, make indisputable that it offers all of the features and functionality of its background counterpart .

Find a Day Trading App Today

many traders are drawn to day trade by the possibility of earning huge payouts, but with the hypothesis of honor comes proportionate risks .
Traders can minimize risks by learning deoxyadenosine monophosphate much as possible about the commercialize and order execution before you begin trading using real money. Check out 1 of our darling low-cost courses on trade 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 2022-01-26

Sarah Horvath

A
1
A day trader averages 5 trades a day, 20 per week and 100 a month .
Answer Link
answered 2022-01-26

Benzinga

q

What is the minimum account value to start day trading?

1
What is the minimum report value to start day trade ?
asked 2022-01-26

Sarah Horvath

A
1
The average account size is $25,000. But the minimum account prerequisite differs from agent to agent .
Answer Link
answered 2022-01-26

Benzinga