Which platform is the best for day trading in your opinion?

Hi! I am starting to look into day trading. May I know which platform is the best in your opinion? Vickers is slow to buy and sell. With the $25 charges it doesn't seem like a good option too. Thanks!?

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Nicholas Beh

04 Feb 2021

Student Ambassador 2020/21 at Seedly

I assume you are planning to day trade on the US markets.

TD Ameritrade would probably be the best option, apart from their ridiculously long account opening times. They have a good platform (Thinkorswim), free market data, and little to no commissions.

However, many US brokers enforce the Pattern Day Trader rule, which requires you to hold 25,000 USD in account value or you will be restricted to 3 day trades within a period of 5 business days. Not every broker enforces this (e.g. Tiger Brokers), so you may want to take this into consideration.

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Maximilian Günther

04 Feb 2021

You can consider TD Ameritrade which currently offers 0 fees on securities purchase on the US market. IBKR is also another affordable option if you trade often.

However do note that the account opening for TD is quite long, it took me around 2 months of waiting for them to finally open my account.

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