Day trading has taken the world for a spin since the start of the pandemic. Knowing which day trade brokers to choose can be overwhelming. Professional traders are in demand. Having the right trading platform can make all the difference in your trading performance. A good day trade broker is much more than a setting to execute trades. Look for a day trade broker that can assist your decision-making and growth as an investor with quality research and educational materials. You also need to consider how much support you feel calm having access to.
Many leading brokers offer account bonused based on the size of your initial deposit. When it comes to large deposits these bonuses can range from hundreds to thousands of dollars. You need to keep an eye on commissions and fees that are being charged. There are so many to choose from you need to find the one that checks all of your boxes. Day trading is not for everyone it requires patience, attentiveness, discipline, and being ready to squeeze the trigger quickly on a trade when a good break presents itself.

Making Decisions
Day trading has many advantages but there are also cons to keep in mind. One of the primary benefits of day trading is that you avoid carrying positions overnight. You also have considerable flexibility as a day trader regarding how often you want to trade. Depending on your personality and how much time you have available to devote to day trading. If you think day trading might be for you have to sit and come up with risk capital to get started. You can also easily open a demo account at a broker to work on a trading strategy and learn how to use their trading platform.
The best type of day trading strategy for you to learn to use will depend mainly on your nature and risk tolerance. Day trading preferably requires a plan or a strategy just like getting into any business opportunity. such as using technical analysis indicators or chart interpretation. Some traders like to use relevant news as trading signals but it depends mostly on your trading style. Part of your trading plan can include education about market analysis and practice trading in a demo account. Most online forex brokers require you to make a minimum deposit to open up a trading account. However, you will need to fund it appropriately to enter into and keep the positions you want to trade. You can open an account that does not charge trading commissions.
You’ll still probably need to pay away a dealing spread when you trade forex. Therefore, the tighter the dealing spreads your broker offers, the lower your transaction costs. Many brokers require a minimum deposit of at least $5,000 to trade commodity futures. Futures contracts and options on futures contracts also cost approximately $0.75 to $1 per contract to trade, depending on your broker and the exchange they are listed on. Due to SEC regulations, U.S.-based traders need to maintain a $25,000 minimum balance in their accounts. Cryptocurrencies are not subject to day trading minimum deposit regulations. This means you’re just limited by the amount of risk capital you have available to trade with. Your crypto trading costs will usually depend on the dealing spreads if you use contracts for difference (CFDs) to trade them with, and you can often trade them on margin. If you do not use CFDs, you might need to pay to store your cryptocurrencies.

Where Can I Go?
More than 1 million people have trusted Benzinga to help them choose their brokers and investing tools. Benzinga created a weighted scale based on the following criteria: usability, services offered, customer service, education, research, mobile app, account minimums, and fees. For the year 2022, there have been a few companies listed as the top brokers. Some brokers are also better suited for specific markets. I will go over the list with you.
CenterPoint Securities offers direct access to the markets, level 2 order routing, advanced charting, and great customer service. The platform is good for advanced or intermediate traders, momentum traders, high-volume traders, and short sellers. There are built-in scanners you can use to assist with decisions, and custom alert options and orders are always routed proficiently. You can tailor your dashboard, take control of your portfolio and invest at any time of the day or night with CenterPoint.
Interactive Brokers stands out from the rest when it comes to the firm’s lowest-cost access to a broad global range of products and markets. The first among online brokers to remove and offer as low as $0 commissions for US stocks & ETFs. Interactive Brokers is also Benzinga’s #1-rated broker for Mutual Funds, Bond, International, and short trading. IB clients can earn extra income from their fully owned shares via their Stock Yield Enhancement Program, and they enjoy improved pricing via IB’s SmartRouting technology. Interactive Brokers offers the lowest margin loan rates in the industry. This is why active traders & investors from over 200 countries and territories invest globally in Stocks, Options, Futures, Forex, Bonds, and Funds from a single integrated account. Interactive Brokers has award-winning platforms.
Moomoo is a commission-free mobile trading app available on Apple, Google, and Windows devices. Moomoo is a different alternative to Robinhood. It is a great trading platform if you want to dive deep into smart trading. It offers notable trading tools and opportunities for new and experienced traders. These tools include advanced charting, pre-, and post-market trading, international trading (Chinese and Hong Kong Markets), research and analysis tools, and most popular of all, free Level 2 quotes. Moomoo offers Level 2 quotes from NYSE Arcabook, NYSE Open book, and Nasdaq Total View, covering order books from electronic securities exchanges with top 3 trading volumes. It often has free NYSE Arcabook data promotions, which is super competitive because the industry usually charges fees for it. It also has the most extended hours for trading compared to the majority of competitors. So, you can get in and out of positions from 4 a.m. to 8 p.m. EST.
When you want to day trade, there’s more than one way to make money on the open market. eToro has a broad-ranging product selection that allows you to invest in diverse assets like crypto, stocks, and ETFs. Because this platform allows you to invest in so many different things, you have more flexibility than normal. Aside from the well-known crypto trading platform, you can also look into stocks and ETFs. The benefits of the platform include investing in stocks and financial shares for as little as $10, buying into a strong group of cryptocurrencies, mix crypto and stock holdings to build a diverse portfolio. You pay zero commissions and there are price charts, indicators, and technical analysis tools to help you along the way.
TD Ameritrade lets you trade stocks, options, bonds, mutual funds, ETFs, futures, and forex. The broker offers clients free extensive research on several markets and educational resources for beginners. No minimum deposit is required to open an account, but if you are based in the U.S. and plan on day trading stocks, you’ll need to fund the account with the $25,000 minimum required by the U.S. Securities and Exchange Commission (SEC). TD Ameritrade offers commission-free trades on U.S. stocks, ETFs, and mutual funds. Trades over their Interactive Voice Response (IVR) phone system cost $5, and it charges a $25 fee for broker-assisted trades. Options trades cost $0.65 per contract, while over-the-counter (OTC) trades for stocks not listed on U.S. exchanges cost $6.95 per trade. You can also trade under $25,000 but you will be limited to the number of trades you can partake in.
Tradestation offers an advanced trading platform with access to trading in stocks, bonds, cryptocurrencies, mutual funds, ETFs, options, and futures. TradeStation’s futures platform lets you trade futures 24 hours a day, six days a week, and offers access to more than 350 futures and futures option products. The broker allows leverage on trades dependent on your account type, balance, and the asset type you plan on trading. Futures trades cost just $0.85 per contract. In addition, the broker offers wide-ranging educational and research resources for new traders and has a mobile app for its trading platform.

Summary: Day Trade Brokers
So, as you can see there are several Day Trade brokers and it can be overwhelming when trying to elect which route to go. I can teach you how to day trade like the top 10% without a complicated strategy or any technical indicators, even if you are a beginner. Day trading involves carefully analyzing the fundamental circumstances and forecasting future movement. Applying a strategy allows a trader to overcome the probability of losing money. When you involve yourself in financial markets, there is a learning curve in which you will lose money.
The risk is inevitable, but I can help you minimize that risk with the MK VIP program. The MK VIP training has plenty of resources to help you get started on reaching your day trading goals. I teach the working class how to earn $10,000 a month through day trading. I help my students avoid the challenges I faced when I first became a day trader; especially when it comes to dealing with risks. I even share my desktop and laptop set up on TD Ameritrade to ensure my students have the same tools I use daily with my success. As of now, MK Financial LLC is already the #1-day trading coaching business in the US in just one year. You are just a click away from learning what you need to become a day trader with any amount of capital and take your life and salary to the next level.
Learn More
Maurice Kenny has helped over 600 people become financially free through one-on-one coaching, mentorship, and options trading strategy. Many of these new traders are now full-time traders, and they all started by watching his 1-hr webinar.
Feel free to check out other FREE educational resources to help guide you as you begin your new journey to financial freedom.
Also, download a (FREE E-BOOK) by Maurice Kenny, “DAY TRADE LIKE A MILLIONAIRE.”