Best Day Trading Software

Want to jump straight to the best? Our readers often choose CenterPoint Securities for day trading and Benzinga Pro for blazing fast news.

Day trading can be an exciting way to make money in the stock market. It’s open to anyone, but there are some basic requirements you need to maintain. To trade effectively, you need reliable trading software with the most up-to-date prices to allow you to quickly execute trades at a moment’s notice.

But how do you know which platform is right for you? We're here to help; we've tried and tested dozens of different tools and have compiled a comprehensive list of the best day trading software, with a selection for every type of trader. Fom beginners to experts, auto-trading to futures trading, swing trading to global trading, we have you covered.

Quick Look at the Best Day Trading Software:

• Best for Advanced Charting: CenterPoint Securities
• Best for Day Traders: moomoo
• Best for Stock Trading: Webull
• Best for News: Benzinga Pro
• Best for Auto Trading: StreetBeat
• Best for Long Term Investors: Magnifi
• Best for Futures Trading on Desktop: NinjaTrader
• Best for Professional Investors: Stock Rover
• Best for Beginners: Robinhood
• Best for Swing Traders: Zen Trading Strategies
• Best for Active and Global Traders: Interactive Brokers
• Best for Trading Information: Capital Markets Laboratories
• Best for Risk Managers: Seasonax
• Best for Those Seeking Trading Indicators: Global Trading Software

14 Best Day Trading Software

While you can technically trade frequently enough to be a day trader with any stock trading software, some offer better tools and resources than others for fast-paced trading. 

Here’s our list of the best day trading software for beginner to advanced traders:

1. Best for Advanced Charting: CenterPoint Securities

CenterPoint Securities is a great place to trade because it offers direct access to all the assets you could want. The platform offers several helpful features like:

• Advanced charting
• Level 2 order routing
• Short inventory access
• Capacity for advanced and high-volume traders
• Pro, Web and Mobile account types
• Built-in scanners
• Custom alerts
• Advanced order entry

The customer service team is very responsive, and you can be sure that all your orders are routed quickly so that you have complete control of your portfolio.

Why We Picked It: CenterPoint Securities offers robust trading tools, real-time market data and advanced charting capabilities that cater specifically to active traders.

2. Best for Full-Time Day Traders: moomoo

Moomoo is an intuitive investment and trading platform with pro-grade, easy-to-use tools, data and insights, along with offering a pro-level trading experience for traders and investors of all experience levels.

When you sign up with Moomoo, there are several unique features that make building your portfolio simpler, including:

• Real-time Level 2 stock and options market data for funded accounts
• Advanced technical indicators and charting tools
• Advanced order types
• Full extended trading hours from 4 AM to 8 PM EST
• Multi-market quotes
• Low fees, including $0 commission on U.S. Stocks and ETFs plus $0 on equity options contract fees
• 5.1% APY in the Cash sweep program and a 3.0% APY boost for qualified customers

Users can reach out to the moomoo customer support team either by phone during the trading day or via email. If you prefer, you can also review FAQs in the Help Center for more information or to seek out specific questions that need to be answered. 

New features from moomoo!

• New User Deposit Bonus: Deposit $100 and receive 7 fractional shares of a star-stocked bundle ("Magnificent 7" at $5 each)
• New User Transfer Bonus: Get a 1.5% cashback on your initial transfer amount (up to $300)
• Referral Bonus: Invite a new user who deposits $100 or transfers in $1,000, and receive 7 fractional shares of a star-stocked bundle ("Magnificent 7" at $5 each)

The site also helps users learn more about trading through an expansive educational resource offering, professional-grade research tools and an active global community with 20M+ users worldwide where you can learn with investors just like you.

Why We Picked It: moomoo features various technical indicators and customizable charting tools, which help users identify trends and trading opportunities effectively.

3. Best for Stock Trading: Webull

With $0 commissions and low margin rates, Webull is a great pick for investors looking for low-cost trading. In addition to low-cost trading, day traders gain access to pre-market and after-hours trading, charts with 25 technical indicators, advanced quotes and the latest news. 

The broker strives to be your all-in-one platform for day trading by combining fast, low-cost trades with all the market research you could possibly need in a single place. The only thing day traders might miss is the lack of forex trading capabilities.

Why We Picked It: Webull's user-friendly interface, extensive market research and customizable watchlists enhance the trading experience by allowing users to monitor trends and access valuable information seamlessly. 

4. Best for News: Benzinga Pro

A day trader is only as good as the information they can access. To spot opportunities early, you need to stay on top of market trends, the latest earnings reports and other market news that can influence stock performance. 

With Benzinga Pro, you get exclusive access to breaking news fresh off the BZ wire, and real-time alerts the second a headline that matters to your portfolio pops up. You can set custom filters and sentiment indicators for quickly scanning your news feed. 

Why We Picked It: While you can’t trade directly on the Benzinga platform, it’s a powerful weapon to have in your day trading arsenal.

5. Best for Auto Trading: StreetBeat

Streetbeat is a fintech firm that is looking to make it easier to invest by mixing fintech innovations and software. Located in Palo Alto, the firm has a mobile app that offers self-trading services and auto trading.

You can invest in a range of assets like stocks and ETFs, but you can also invest in crypto, allowing the platform to do much of the work for you. The client-focused approach from the firm makes it more palatable for most investors, and it also offers:

• Functionality for investors of all skill levels
• Auto trading innovations
• No trading commissions
• You can start with as little as $1
• Generous bonuses
• Low management fees

Remember, though, as useful as this platform is, your management fees could rise depending on the size of your portfolio. Either way, you get the support you need and can enhance your portfolio without doing all the math on your own.

Why We Picked It: With features like customizable dashboards, risk management tools and powerful analytics, traders can easily track market trends and optimize their strategies. 

6. Best for Long Term Investors: Magnifi

Magnifi is a marketplace that allows you, as the investor, to use common brokerage tools and AI to make the best decisions for your portfolio. Because you can pull up all the information you need on a given asset, you can easily invest in the assets that will give you the results you deserve and better match your strategy.

Search for the investment options that meet your needs, invest in specific categories or scan for assets in a price range that’s affordable for you.

Best for long-term investors and those who require a bit of client support, you can also learn more about investing from this platform, utilize the AI-powered investing assistant, enjoy commission-free investing, try the mobile app and take advantage of over 15,000 possible investment options. This makes Magnifi a good place to trade for both seasoned and novice traders.

Why We Picked It: Magnifi integrates powerful algorithms that simplify trade execution and risk management, catering to both beginner and experienced traders.

7. Best for Advanced Day Traders: NinjaTrader

NinjaTrader offers some of the best charting, backtesting and automation tools available to retail investors. For more advanced traders looking for full customizability of charts and the ability to leverage thousands of indicators, this platform is hard to beat. 

You also get backtesting and simulation tools all in the same platform, so you can continue refining your strategy in the same place you do your actual trading. 

With access to stocks, forex, futures, options and contracts for differences (CFD), day traders can also leverage custom trading strategies in almost any market they choose. 

The main drawback is the lack of educational resources. Beginners might feel lost in the platform and struggle to use the full suite of tools available. 

Why We Picked It: NinjaTrader’s user-friendly interface, along with its active community and educational resources, empowers traders to optimize their trading performance effectively.

8. Best for Stock Screening: Stock Rover

With thousands of securities to choose from, it’s impossible to sift through the market and find the best day trade opportunities without a screener to help you. That screener should be Stock Rover. With over 650 financial metrics, charting tools, and historical financial data, it’s among the best platforms for quickly finding day trading opportunities.

Even with so much data, Stock Rover’s platform is intuitive enough for beginners to navigate and learn how to use the screening tools. The key drawback is that it does not offer brokerage accounts, so you have to do your trading on a separate platform.

Why We Picked It: Stock Rover provides customizable dashboards and robust research reports that enable users to make informed decisions based on extensive data analysis. A

9. Best for Beginners: Robinhood

Robinhood strives to make financial markets accessible to everyone by providing an intuitive platform and tons of educational tools for new traders to learn the ropes. With real-time quotes and a responsive platform, you can reliably execute trades based on the most up-to-date pricing data.

Traders of all skill levels will also appreciate the $0 commission fees and low margin rates that make frequent day trading cost-effective. 

However, Robinhood offers limited indicators, so mobile day traders or more advanced traders who need better charting tools and indicators may find the platform lacking.

Why We Picked It: Robinhood's seamless mobile and web experience allows traders to easily execute trades and manage their portfolios on the go.

10. Best for Algo Trading: Zen Trading Strategies

Zen Trading Strategies was developed by a team of quantitative algorithmic traders—that is, traders who use an algorithm programmed with their own custom buy and sell triggers to automatically execute trades. 

It offers pre-tested and ready-to-use strategies for day trading and other styles of investing so that investors using the platform can dive right in, even if they aren’t experts. 

You can use the strategies as is, tweak them to better fit your needs or develop fully-customized strategies based on your preferred indicators. This is a great option for investors interested in automating day trading activity so they can sit back while an algorithm handles the leg work.

Why We Picked It: Zen Trading Strategies offers a robust suite of tools including customizable trading indicators, automated trading options and risk management features that empower users to make informed decisions quickly and efficiently. 

11. Best for Active and Global Traders: Interactive Brokers

At Interactive Brokers, there are a few software options that make trading easier for retail or institutional investors. IBKR offers:

• The client portal, a web application that allows you to invest within your portfolio
• The trader workstation where you can trade actively
• The IBKR mobile app
• IBKR APIs that allow you to add IBKR to your website or platform

Other items included with the platform are:

• OptionTrader
• Probability Lab
• FXTrader
• Mutual Fund/ETF Replicator
• IB Risk Navigator

Why We Picked It: As a publicly-traded company, IBKR has the resources to provide traders with all the services they need, ensuring that you can build wealth and manage your portfolio appropriately.

12. Best for Trading Information: Capital Markets Laboratories

When you use Capital Markets Laboratories to learn about your investments, you gain a massive amount of high-level information that you can use for any investment in the stock market, futures markets and more. While this platform doesn’t allow you to make trades, it tells you everything you need to know.

Services from the CML website include:

• TradeMachine Stock, is designed for the backtesting, scanning, and alerting you need when managing a stock portfolio
• TradeMachine Pro, including backtesting, the Pro Scanner, intra-day alerts, the trade discovery model and technical signals.
• CML Pro, focuses on “world-changing trends” that help you make better investment decisions
• Pattern Finder, helps you uncover advantageous entries and exits

Why We Picked It: You can demo the service you need for 30 days, and the TradeMachine Pro is only $199 per month, helping you maximize profits and point your portfolio in the right direction at all times. You can also tap into the large community that’s grown up around the site to learn more about the markets, ask questions and share insights.

13. Best for Risk Managers: Seasonax

Seasonal investing is an oft-overlooked technique that can bring diversity, vitality and value to your portfolio. However, it can be difficult to leverage all that data to determine when and if stocks or assets will rise or fall in value.

With Seasonax, you get:

• Access to seasonal trading signals for around 20,000 assets
• An easy-to-use dashboard
• Seasonal charts going back 125 years
• Customizable tools
• Newsletters, video tutorials
• Advanced filtering
• Detailed statistics
• Seasonality screener and more

Why We Picked It: After a 3-day trial, the subscription sits at just under $50 per month, allowing you access to all the data you need to become a seasonal trader and add layers of insight to your investment portfolio and overall net worth.

14. Best for Those Seeking Trading Indicators: Global Trading Software

Global Trading Software offers a wide range of indicators, software and algorithms that will help you work with stocks, forex and crypto. Because priorities for traders will change based on the  assets in which they invest, GTS helps you pivot based on the direction of your portfolio.

The beauty of this platform is that it works for both beginners and advanced traders. Plus, you can complete a full technical analysis, value trade, day trade, scalp, prop trade and much more. Investors can use MT4, TradingView, NinjaTrader and many more platforms with this software. There may not be 24/7 customer support, but the information you get is perfect for advanced traders who are trying to make the most of their portfolio every day.

Why We Picked It: Global Trading Software offers seamless integration with various brokerages, ensuring low latency for order execution.

Pros and Cons of Day Trading

Day trading can be both fun and profitable, but it does come with risks. Here’s a breakdown of the major pros and cons:

Best Features of the Best Day Trading Software

Your skill level and trading strategy will determine what specific features you want in your day trading software. 

However, some of the most important features that all-day traders need include:

• $0 commissions and fees: Commission fees add up if you do multiple transactions per day. 
• Great order execution quality: Execution quality means trades execute quickly and with minimal spread.
• User-friendly: If the desktop or mobile app is hard to navigate or regularly experiences delays while you’re in the middle of executing trades, you could end up losing money or missing opportunities. 
• Real-time quotes: When you need to enter and exit trades in a matter of hours, you need access to the most up-to-date pricing data.
• Charts: Look for charts with lots of indicators so you can customize them to show the technical details you use in your strategy.
• Backtesting: When developing a strategy, one of the first steps is to backtest it by simulating how your strategy would have performed in the past. Some software includes backtesting tools so you can do everything in one platform.

Find the Best Day Trading Software for You

When choosing day trading software, cost management is key. Look for low transaction fees and fast trade execution. 

For beginners, software that offers educational resources can help develop your skill into the advanced day-trading veteran you’ve always dreamed of becoming. Beginners and advanced traders alike can benefit from software that also has built-in screening and technical analysis tools. 

Review our picks for the best day trading software to find your fit today.

Frequently Asked Questions