Trader WorkStation offers highly customizable alerts, watchlists and sophisticated charting.

We were impressed by the flagship Trader WorkStation platform and the quality of order execution. Note that $0 stock commissions are available on Interactive Brokers’s IBKR Lite platform for non-professional traders. We also noted lower commissions for futures trading, and the lowest margin rates among the platforms we surveyed. It’s IBKR Pro tiered pricing plan offers better rates for direct access trading than other leading trading platforms for professionals. In our research, we found that Interactive Brokers stood out by charging substantially lower fees than its rivals in several areas. These features and more make Interactive Brokers the preferred trading platform for professionals at hedge funds and investment firms. Interactive Brokersearned the top spot in our listing thanks to its powerful Trader Workstation platform, easy access to a vast selection of global markets and rock-bottom trading commissions. You can read more about our editorial guidelines and the methodology for the ratings below.

We use data-driven methodologies to evaluate investing and retirement products, helping you to find the best accounts and assets for your portfolio. Our editorial content is not influenced by advertisers. Why you can trust Forbes Advisor: Our editors are committed to bringing you unbiased ratings and information. Our side-by-side tests placed the greatest importance on low commissions and fees, best-in-class platform and technology and highly responsive customer service to find the best trading platforms available. This strategy requires fast and reliable trade execution, the lowest possible commissions and access to customer service when things go awry.įorbes Advisor evaluated a total of 21 online brokerage platforms in order to help you choose the best online brokers for day trading. That’s because the margin between success and failure in markets can be paper thin-and having the right trading platform can make all the difference.ĭay traders earn their living by entering and closing out multiple trades in a day in pursuit of profits.

Professional traders are a demanding bunch.

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