You need to choose a serious day trading broker. Don’t make the mistake of using a poor broker, which will lead to your immediate failure!
XTB, Trading212, Trade Republic, DEGIRO, Lightyear, Freedom24, Firstrade, Tastytrade, Revolut, Saxo Bank, and other brokers are not suitable for stock day trading.
If you plan to use them just to avoid the hassle of creating a new account, you’re making a VERY SERIOUS MISTAKE.
You’ve been warned!
The only brokers worth considering for stock day trading are these two options:
Trade Stocks with commissions Starting from $0!
Trade Stocks with Commissions Starting from $0.35!
Stock Day Trading Involves Risk.
Past Results Are Not a Guarantee of Future Gains.
Not only do they charge fair commissions for buying and selling stocks, but they also offer a professional trading platform, with all the stocks alerted in the Trader Mago group available for trading.
If you don’t yet have an account with one of these brokers, you should consider opening one — even if you already have an account elsewhere.
TradeZero or IBKR – Which to Choose?
The only options you should consider for stock day trading are:
Each broker has its strengths and weaknesses. Alternatively, you can choose to open accounts with both brokers, as there are no restrictions.
Once again, if you’re still planning to use DEGIRO, XTB, Trading212, Tastytrade, Firstrade, or any other broker not listed above, you’re making a SERIOUS MISTAKE.
Below, you’ll find our personal opinion on the brokers most used by day traders worldwide (including in Europe 🇪🇺, Brazil 🇧🇷 and other countries).
TradeZero Review
TradeZero is a popular choice among day traders, especially outside the U.S. 🇺🇸, due to its comprehensive and fast trading platform. It allows trading with a minimum of $500, supports trading across all three timeframes (pre-market, regular hours, and after-hours), and even offers free commissions on limit orders of 200 shares or more if they are not immediately executed.
Another advantage is the margin available, enabling you to buy more shares with less balance. TradeZero supports hotkey configurations, offers various order types, and makes it easy to find hard-to-borrow stocks for short selling—a powerful tool for those interested in short selling.
Although TradeZero is a U.S.-based broker 🇺🇸, using Revolut for deposits enables you to fund your account and have the money available the same day to start stock day trading.
Interactive Brokers Review
Interactive Brokers is another popular choice among stock day traders, allowing unrestricted trading on all stocks and supporting all three timeframes (pre-market, regular hours, and after-hours). It has a powerful trading platform available for PC, Mac, and mobile. During high volatility, the platform may experience some lag in displaying movements on charts and LEVEL2 data.
For those looking to short stocks to profit from declines, one downside is that if stocks are unavailable for shorting, it is often impossible or very expensive to short, as fees can be high. Other than that, it’s a solid choice.