Best Day Trading Platforms and Brokers in the US 2024 (2024)

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Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.

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Updated

Apr 11, 2024

The best day trading platforms in the US cater to active short-term traders, offering margin trading on key markets like the Nasdaq and EUR/USD. The top brokers are also regulated by theCFTC, NFA or FINRA, provide accounts in US Dollars for convenient deposits, and offer fast execution.

Explore the best day trading platforms in the US, chosen after hands-on testing and in-depth analysis. All recommended brokers welcome US day traders and have our experts’ confidence.

Top 5 Platforms For Day Trading In The US

After exhaustively evaluating nearly 500 online brokers, these 5 platforms continue to stand out as the best for day traders in the United States:

  1. FOREX.com - FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools.
  2. NinjaTrader - NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types.
  3. OANDA US - OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score.
  4. IG - IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders.
  5. Plus500 US - Plus500 US stands out as an excellent choice for beginners, offering a very user-friendly platform, low day trading margins, and access to the Futures Academy to enhance trading skills.

Best Day Trading Platforms and Brokers in the US 2024 Comparison

Best Day Trading Platforms and Brokers in the US 2024 Comparison
Broker US Regulated USD Account Minimum Deposit Markets Platforms Leverage Visit
$100 Forex, Spot Metals MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:50 Visit
$0 Forex, Stocks, Options, Commodities, Futures, Crypto NinjaTrader Desktop, Web & Mobile, eSignal 1:50 Visit
$0 Forex, Crypto OANDA Trade, MT4, TradingView, AutoChartist 1:50 Visit
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral 1:30 (Retail), 1:250 (Pro) Visit
$100 Futures on Forex, Commodities, Cryptos, Indices, Interest Rates WebTrader, App - Visit

#1 - FOREX.com

Best Day Trading Platforms and Brokers in the US 2024 (13)

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Review

Why We Chose FOREX.com

Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

  • Instruments: Forex, Spot Metals
  • Regulator: NFA, CFTC
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
  • There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.

Cons

  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
  • Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.

Visit FOREX.com

#2 - NinjaTrader

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Why We Chose NinjaTrader

NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.

  • Instruments: Forex, Stocks, Options, Commodities, Futures, Crypto
  • Regulator: NFA, CFTC
  • Platforms: NinjaTrader Desktop, Web & Mobile, eSignal
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • NinjaTrader continues to deliver comprehensive charting software for active day traders with bespoke technical indicators and widgets
  • Traders can get free platform access and trade simulation capabilities in the unlimited demo
  • You can get thousands of add-ons and applications from developers in 150+ countries

Cons

  • There is a withdrawal fee on some funding methods
  • The premium platform tools come with an extra charge
  • Non forex and futures trading requires signing up with partner brokers

Visit NinjaTrader

#3 - OANDA US

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Why We Chose OANDA US

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.

  • Instruments: Forex, Crypto
  • Regulator: NFA, CFTC
  • Platforms: OANDA Trade, MT4, TradingView, AutoChartist
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
  • There's a strong selection of 68 currency pairs for dedicated short-term forex traders
  • Day traders can enjoy fast and reliable order execution

Cons

  • It's a shame that customer support is not available on weekends
  • There's only a small range of payment methods available, with no e-wallets supported
  • The range of day trading markets is limited to forex and cryptos only

Visit OANDA US

#4 - IG

Best Day Trading Platforms and Brokers in the US 2024 (16)

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Review

Why We Chose IG

Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
  • Regulator: FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
  • Platforms: Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:250 (Pro)

Pros

  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis

Cons

  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests

Visit IG

#5 - Plus500 US

Best Day Trading Platforms and Brokers in the US 2024 (17)

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Review

Why We Chose Plus500 US

Plus500 is a well-established broker that entered the US market in 2021. Authorized by the CFTC and NFA, it provides futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a 10-minute sign-up, a manageable $100 minimum deposit, and a straightforward web platform, Plus500 continues to strengthen its offering for traders in the US.

  • Instruments: Futures on Forex, Commodities, Cryptos, Indices, Interest Rates
  • Regulator: CFTC, NFA
  • Platforms: WebTrader, App
  • Minimum Deposit: $100
  • Minimum Trade: 0.0 Lots

Pros

  • The straightforward account structure, pricing model and web platform offer an easier route into futures trading than rivals like NinjaTrader
  • The trading app provides a terrific user experience with a modern design, a clean layout and mobile-optimized charts
  • Plus500 US excels for its low fees with very competitive day trading margins and no inactivity fees, live data fees, routing fees, or platform fees

Cons

  • Despite competitive pricing, Plus500 US lacks a discount program for high-volume day traders, a scheme found at brokers like Interactive Brokers
  • While Plus500 US continues to broaden its investment offering, it's currently restricted to around 50+ futures with no stocks
  • Plus500 US does not offer social trading capabilities, a feature available at alternatives like eToro US which could strengthen its offering for aspiring traders

Visit Plus500 US

Choosing A Day Trading Platform In The US

There are several key factors to consider when deciding which platform to use for day trading:

Choose A Trusted Broker

We only recommend US day trading brokers we’ve personally tested after weighing their regulatory credentials with their industry standing.

Several ‘Green-Tier’ regulators oversee day trading activities in the US:

Regulators also enforce strict rules to help combat trading scams, which have targeted US traders in recent years. In 2022 for example, two American nationals, Patrick Gallagher and Michael Dion, used a fake investment firm, Global Forex Management, to steal $30 million in investor deposits.

I recommend checking any broker you plan on day trading with is regulated in the US. You can do this by using FINRA’s BrokerCheck, which provides details on a company’s history and any disputes.

Best Day Trading Platforms and Brokers in the US 2024 (18)

Jemma Grist

Author

Best Day Trading Platforms and Brokers in the US 2024 (19)
  • IG scooped our vote as the most trusted broker. It’s authorized by 13 regulators including the CFTC in the US, boasts a 50+ year industry, and our experts have traded at IG with real money and reported a stellar day trading environment with no withdrawal issues.

Choose A Broker With Wide Market Coverage

The best platforms provide access to a wide range of financial markets, catering to diverse day trading strategies.

We’ve used the platforms of every broker we’ve recommended and countless more, to make sure they offer trading on popular markets in the US, as well as opportunities in global financial markets.

American traders can speculate on forex with many currency pairs containing a US Dollar component, as well as stocks listed on key stock exchanges like the New York Stock Exchange and Nasdaq.

Additionally, many top platforms offer short-term trading on popular commodities like oil and natural gas through futures and options.

Best Day Trading Platforms and Brokers in the US 2024 (20)

In January 2024, the SEC also approved the launch of new spot Bitcoin ETFs for US traders, including the iShares Bitcoin Trust, enabling investors to speculate on current prices without having to buy BTC.

Unlike many countries, CFD day trading is not permitted in the US. These popular short-term trading vehicles are over-the-counter products that are restricted under US securities laws.

Best Day Trading Platforms and Brokers in the US 2024 (21)

Jemma Grist

Author

  • Interactive Brokers has spent years adding to its suite of instruments, now offering a fantastic selection of products for active traders spanning 15 markets, 24 countries and 27 currencies, including stocks, ETFs, futures, futures options, fixed income, mutual funds, cryptocurrencies, indices and warrants.

Margin Requirements

Margin trading is a pivotal tool for many day traders, providing leverage needed to amplify returns on short-term price movements.

Essentially, by borrowing funds from a broker to purchase US securities, you can control larger positions than what your capital alone would allow, multiplying potential profits (and losses).

In the US, the FINRA sets the rules for margin trading, requiring traders to maintain a minimum margin of 25% of the total market value of the securities in their account. Additionally, the initial margin requirement to enter a position is 50%.

Importantly, traders face interest charges on borrowed funds, and these rates can vary between day trading brokers in the US. As part of our exhaustive testing process, we anaylze intraday margin rates and factor these into our ‘Fees & Costs’ rating.

Best Day Trading Platforms and Brokers in the US 2024 (22)

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Risk management is a must when day trading on margin, helping to limit losses through tools like stop-loss orders and diversification.

  • NinjaTrader stands out for its transparent margin requirements on all its markets and contracts, which start at $50 for intraday Micro contracts, including the Micro E-Mini S&P 500, and $500 for popular futures contracts like the US Dollar Index.

Choose A Broker With Low Fees

We only recommend brokers with competitive pricing for active day traders, for whom a large volume of trades can lead to mounting fees.

To identify low-cost day trading brokers in the US, we evaluate spreads and commissions on popular assets during the most active times of day, for example, USD currency pairs like the EUR/USD and GBP/USD, and indices like the and Dow Jones.

We then balance the trading fees with the quality of the overall day trading environment. For example, it may be worth paying more for tools that provide insights into events that could impact US financial markets such as interest rate decisions from the Federal Reserve Board andyields on bills auctioned by the Department of Treasury.

Best Day Trading Platforms and Brokers in the US 2024 (23)
  • FOREX.com offers a cost-effective RAW account for serious day traders, with spreads from 0.0 and a $7 commission per $100K on forex and zero commissions on stocks, options and mutual funds. Its Active Trader program can further cut costs by 15%. The platform also provides excellent tools, including a user-friendly financial calendar that you can filter by the US, event type, and volatility, helping to identify short-term trading opportunities.

Choose A Broker With Terrific Charting Tools

The top US brokers stand out by providing intuitive platforms with excellent charting tools that are often employed by short-term traders.

Our experts have spent hundreds of hours testing dozens of charting platforms and day trading apps, balancing ease of use with the range of charting styles, timeframes, indicators and algo trading features.

MetaTrader 4 and MetaTrader 5 remain the most popular third-party day trading platforms, especially among seasoned traders. However, they face increasing competition from the likes of TradingView, which sports a more intuitive interface in our view, lending it to beginners.

Best Day Trading Platforms and Brokers in the US 2024 (24)

Since many US brokerages are focused on securities, specialized terminals are also often available, notably Charles Schwab’s thinkorswim.

Alternatively, brokers like Plus500 have invested heavily in building their own software in recent years, though it still lacks the customization capabilities and account analytics available on leading third-party solutions, despite a slick design that we really enjoy.

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Demo accounts are the best way to explore platforms and apps before investing real money. You can place paper day trades on US securities while getting familiar with platform features.

  • IG’s almost unmatched selection of platforms and apps cater to all types of day traders and strategies. Alongside the broker’s proprietary platform and MT4, active traders can use the advanced ProRealTime, which delivers over 100 technical indicators for short-term analysis.

Choose A Broker With Reliable Order Execution

Efficient order execution is crucial, especially for day traders speculating on volatile US stocks like Beneficient (NASDAQ: BENF) and Etao International Co., Ltd (NASDAQ: ETAO), where minor price discrepancies can affect profits.

Let’s say I plan to buy 500 shares of ETAO at $5.00, targeting a quick profit by selling at $5.10. However, slow execution resulted in a buy price of $5.05, and I ended up selling at $5.10.

Instead of the $50 profit I anticipated, I only made $25 in profit.

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Jemma Grist

Author

That’s why we analyze order execution policies and data where possible, with our experts deeming <100 milliseconds ‘fast’ for day traders. This will help ensure low latency – the least possible downtime between order placement and fulfilment.

  • OANDA continues to stand out with excellent execution speeds as low as 12 milliseconds on popular markets like EUR/USD. US clients can also request regular trade execution reports, as per the NFA’s transparency requirements.

Methodology

To find the best day trading platforms in the US, we took our vast database of brokers and filtered them on those accepting investors from the United States. We then ranked them on their overall rating which draws on over 200 data points and criteria, notably:

  • Whether they are trusted and regulated by the SEC, CFTC, FINRA or another reputable agency.
  • Whether they offer short-term trading on a range ofmarkets, notably US equities and currencies.
  • Whether they offer transparent intraday margin requirementsfor trading with leverage.
  • Whether they offer low day trading fees, focusing on key markets like EUR/USD and US stocks.
  • Whether they deliver intuitive charting platforms and day trading apps following tests.
  • Whether they offer fast and reliable order execution for active trading strategies.

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FAQ

Which Is The Best Day Trading Platform In The US?

Use our list of the top day trading brokers in the US to find a suitable platform for your requirements.

All our recommended brokers have been tested by our industry experts, though the choice of day trading platform is ultimately a personal decision.

Who Regulates Day Trading Brokers And Platforms In The US?

Several regulators oversee day trading platforms and activities in the US, including the SEC, CFTC, NFA and FINRA. These authorities often coordinate efforts to combat scams, penalize misconduct, and provide investor protection for day traders.

That said, day trading is inherently risky with many active investors losing money. You can also lose more than your deposit as negative balance protection is not provided as standard in the US, despite it being a requirement in other heavily regulated jurisdictions, notably the UK and Australia.

How Much Money Do I Need To Start Day Trading In The US?

Based on our database of close to 500 day trading brokers, US investors will often need between $0 and $250 to open an account.

That said, some day trading platforms stand out with no minimum, catering to budget investors. The highest-rated are Interactive Brokers and OANDA.

Most US day trading platforms support deposits in debit card, wire transfer and ACH transfer.

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Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com

Best Day Trading Platforms and Brokers in the US 2024 (2024)

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