Choosing The Best Online Brokers


Lightspeed (ideal for serious day traders)

Lightspeed offers five professional trading software platforms, each providing different benefits to traders. Not sure which trading platform to choose? Take a test drive with anyone of them with a free demo today!

Their flagship trading platform is Lightspeed Trader that is one of the best trading software platforms available on the market. It is the perfect solution for day traders, active traders, and professional traders to give traders the edge they need to succeed including:

  • Fast, stable, & fully customizable technology
  • Ultra-low latency direct market access (DMA)
  • Real-time level II quotes
  • Advanced scanners and filters
  • Integrated charting with studies
  • Risk management solutions
  • Complex options trading
  • Send orders to over 100 routing destinations at hyper-speed
  • Low commission rates (tiered rates based on volume)
  • Unmatched personalized customer service
  • Free tutorials and webinars to help you succeed


Sterling Trader Tech (ideal for serious day traders)

Sterling Trading Tech offers a complete line of trading and risk management broker-neutral platforms used by proprietary trading groups, hedge funds and professional traders worldwide. There is a Sterling platform for every trader. Connect anywhere from your desktop, laptop, iPad, iPhone, or Android.

Trade equities, options, and futures with advanced trading features found in our line of professional trading platforms, such as baskets, algorithms, complex options, an order-staging desk, and ActiveX API. Sterling connects to hundreds of destinations worldwide, including dark pools, proprietary broker routes, smart routes, ECNs and exchanges – custom routing is also available.

Sterling Trading Tech is a true broker-neutral company serving buy-side institutions, sell-side firms, hedge funds, and active traders. Recognized in the worldwide financial community for exceptional trading technologies and connectivity solutions.


thinkorswim (by TD Ameritrade)

What do the trading pros have that you don’t? Not much with using thinkorswim (a professional-level trading platform).

More technical studies than on any other trading platform offered. Access 400+ technical studies ranging from support and resistance to candlestick and profile. Add visuals to your charts using your choice of 20 drawings, including eight Fibonacci tools. Even build your own algorithms with thinkScript®.

Trade equities, ETFs, options, futures, and forex on a platform powered by insights, education, and a dedicated trade desk to help you nail even the most complex strategies and techniques. Even set rules to automatically trigger orders that can help you manage risk, including OCOs and brackets.

Free access to all trading platforms. Free access to real-time streaming quotes and level II quotes on all platforms for non-professionals.


Interactive Brokers

Your Gateway to the World’s Financial Markets! Our online trading platforms are powerful and feature-rich, and have been designed with the professional trader in mind. For 40 years, the IB Group4 has been building electronic access trading technology that delivers real advantages to traders, investors and institutions worldwide.

Our clients have direct market access to over 120 market centers in 31 countries where they can trade stocks, options, futures, forex, bonds, ETFs and CFDs – all from a single IB Universal Account™.

Whether you need to simply monitor your account, or want to perform in-depth analysis to create a highly tailored trading strategy using our proprietary algos and API, our platforms provide the features you need to help you meet your trading and investing goals, however basic or complex they may be.

Trader Workstation (TWS) supports over 60 order types, from the most basic limit order to advanced trading to the most complex algorithmic trading, to help you execute a wide variety of trading strategies.

Real-time market-risk management and real-time monitoring provide a comprehensive measure of risk exposure across multiple asset classes around the globe and real-time data that gives you the edge you need to react quickly to the markets.

Our suite of Option Labs and advanced online trading tools allow you to discover and implement optimal trading strategies. Our Probability Lab offers a practical way to think about options without the complicated mathematics. Our Option Strategy Lab lets you create simple and complex multi-leg option orders based on your own price and volatility forecast.


TradeStation

No Software Fees · Free Market Data · Free Premium Tools

TradeStation offers state-of-the-art trading technology and online electronic brokerage services to active individual and institutional traders in the U.S. and worldwide. The company’s innovative trading and analysis platform provides one-click access to all major U.S. exchanges and market centers, while its expansive product offering enables clients to design, test, optimize, monitor and automate their own custom equities, options and futures trading strategies.

The Matrix is the “Swiss Army knife” of trading tools, combining the benefits of a detailed market depth window, a highly advanced order-entry tool and a precise order-tracking system – all in a single view.

With RadarScreen, trading opportunities have nowhere to hide. RadarScreen continuously monitors and ranks up to 1,000 symbols in real time, based on more than 180 technical and fundamental indicators as well as your own custom criteria.

OptionStation Pro takes the guesswork out of trading options with visually informative options chains that highlight your strategy’s breakevens and the expiration’s expected moves. It also offers dynamic risk graphs, drop-and-drag position management and the ability to track the performance of positions in your custom spreads using our SpreadMaster technology.


Ally Invest (formerly TradeKing)

Our award-winning experience is customized for online traders to give you everything you need to succeed – all in one place for self-directed trading. Trade a wide variety of financial instruments built for the do-it-yourself trader in mind where you can trade – stocks, options, etfs, bonds, mutual funds, forex and futures.

Streaming charts with 90 chart studies and drawing tools to analyze the performance of whatever you are trading. And, create custom watchlists to stay on top of, and view market data on, groups of securities.

Crunch the numbers with our profit/loss calculator to understand more of a trade’s potential before actually placing it. And, use our probability calculator to see the effects of implied volatility to help you determine the likelihood of hitting your profit targets.

Extensive research tools for the financial markets to get market stats, news and detailed metrics on companies you’re interested in. You can also find company quotes, charts, high/low prices, dividend dates, news, peer performance comparisons and get so much more.

Use our user-friendly option chains to configure any type of option strategy and conveniently place the trade.