DAY TRADING BROKERS

What is day trading?

Day trading is a strategy in which a trader buys and sells stocks throughout the trading day. The goal is to end each trading session with a net profit after commissions. Day traders primarily trade during the opening 60 minutes (9:30 - 10:30 a.m. Eastern) and closing 30 minutes (3:30 - 4 p.m. Eastern) of each market session, which is when price volatility is highest.

To make more than four day trades of the same security in any five-business-day period, a trader must be approved as a Pattern Day Trader, or PDT, which requires maintaining a balance of at least $25,000.

Best Day Trading Platforms 2022

Here's a breakdown of the best online brokers for day trading.

• Fidelity - Best order execution
• TradeStation - Best platform technology
• TD Ameritrade - Best desktop platform
• Interactive Brokers - Best for professionals
• E*TRADE - Best web-based platform