Best Day Trading Platform

We compare Interactive Brokers vs Tradestation vs eSignal vs AmiBroker vs NinjaTrader. We have compiled a comprehensive list of features, user reviews, rankings, and screenshots to find the best day trading platform. We provide sources for our information and useful links to help you conduct additional research.

interactive-brokers-logo
tradestation-logo
ninjatarder review
etrade logo
esignal-logo
amibroker-logo
tastyworks logo
trading technologies logo

WINNERS OF EACH SECTION

best day trading platform review

Click the ‘Columns’ filter to select more brokers and trading platforms. Scroll left or right to see the results.

Column number Filter wdt_ID Contents Interactive Brokers Review Tradestation Review Esignal Review AmiBroker Review NinjaTrader Review Tastyworks Review Trading Technologies Review E*trade
1 Useful links 1

Useful links

Market Data Costs - access market data fees for various markets in multiple countries.

IB Charting - short video of charting historical data, adding trendlines and rogue data points for IB TWS.

Option Strategy Lab - IB tool that enables customers to evaluate trading scenarios based upon their own forecasts for underlying share prices.

Investors' Marketplace - free online Interactive Brokers' forum that connects individual traders and investors, institutions and third-party service providers. This is a great resource where you can find investment advisors, brokers, hedge funds.

Python language - Interactive Brokers step-by-step API Setup Guide

API Reference Guide - TWS API documentation, housed on Github.

Guide to portfolio building - access the guide that explains how to create an investment strategy based on the market analysis and fundamentals, run backtests and make adjustments to the strategy as needed.

IBKR Traders' Insight - venue for market-related articles and commentary, covering an array of asset classes and topics.

IBKR Quant Blog - Interactive Brokers blog to assits quantitative professional who seek to visualize, interpret and analyze financial information.

TradeStation Service Fees

TradeStation Market Data Pricing - access pricing of real-time and delayed index, equity and equity options, futures and futures options data, as well as foreign market data, market news feeds and fundamental data.

Short video of mobile charting - access TradeStation live data charting on phone.

Trade Manager- learn how to create TradeManager window to display trade and account activity.

TradeStation Market Insight - provides daily market insights, ideas about potential trading opportunities, and education that is designed to help to become a better self-directed investor.

Easy Language - video introduction to EasyLanguage to learn how to create and modify simple indicators based on the trading ideas, and then apply them to a chart or RadarScreen.

TradeStation Forum - access support, education and training services and materials to learn more about TradeStation software and services.

Market Screener Plus- a free eSignal's feature that allows to search through 1000s of individual stocks.

Advanced GET Scanner - a guide that explains the features that are unique to Advanced GET Edition of the eSignal, such as dashboard, the Advanced GET Scanner, Advanced GET studies, and the Advanced GET drawing tools.

eSignal add-ons- access a list of eSignal apps and add-ons designed for every level of trader, including Fundamental Data and Market Profile.

JavaScript for EFS video - watch training video that educates viewer on programming concepts using JavaScript, the foundation language for eSignal Formula Script (EFS).

Charting Guide - beginners' charting guide.

Backtesting - guide of how to backtest your ideas in AmiBroker

Backtesting systems for future contracts - read article of how to backtest systems for future contracts

Trade Desk Calendar - view significant upcoming financial events

Market Updates - browse a feed of the latest market news stories

Trading 101 - learn the basics of technical analysis and day trading

NinjaTrader New - browse the latest news surrounding the NinjaTrader platform

Tastyworks Pricing — how much it costs to trade with Tastyworks


Tastytrade Live — A live educations video feed


Help Center — a support page for common issues


Technology page — The latest technology that Tastyworks uses

Support - A place to get customer service, open a ticket or phone TT to solve an issue.

Markets - The markets that users have access to when using Trading Technologies

Pricing - View how much it costs to use the TT platform.

Community - TT’s community section is an environment in which users share ideas and help each other solve issues.

Planning - Those new to E*Trade can benefit from a signup bonus.

Knowledge - A page to gain insight into strategies, and which may suit your situation

Core Portfolios - Managed portfolios to help get a quick, reliable start to investing

Pricing - Up-to-date prices of commission

Order routing report - Quarterlyorder routing report by E*Trade

2 Background 2

Background

Used by: Professionals, Money Managers, Hedge Funds and Institutional Clients.

Interactive Brokers was founded in 1978 and are one of the biggest electronic US-based brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC). IB clients traded $100 billion worth of stocks in December 2019, which tripled to $295 billion in March 2020. That's almost double of Ray Dalio's Bridgewater AUM. IB's client's AUM is $180 billion, which is also more than Bridgewater's AUM. In this Interactive Brokers review, we will provide useful insights into the trading platform and highlight its capabilities and limitations.

Used by: Day Traders and Fully Automated Traders

TradeStation is an online securities brokerage, integrating software’s backtesting and automated functions. Tradestation provides real-time market data from all major exchanges and trade order placement and execution with those exchanges for both the securities and futures markets. This professional-grade platform offers charting capabilities, advanced tools and trading strategies backed by research and development by many 3rd party vendors.

Several TradeStation reviews have demonstrated the undeniable advantage of this day trading platform and brokerage.

Used by: Technical Analysts

E-Signal offers customizable charts and advanced analytical tools, including stock scanner, automated systems, market profile, advanced volume analysis, and so on. In addition to being a comprehensive charting platform, featuring hundreds of technical indicators, eSignal is also a trading platform. It can connect to more than 50 different brokers and execute trades directly from inside the platform.

Used by: Technical Analyst and Systems Developers

AmiBroker is comprehensive technical analysis platform designed with advanced traders in mind. In addition to detailed technical charts, AmiBroker offers some of the most in-depth strategy back testing options available to traders. AmiBroker (1.0) was released in 1995 as one of the first technical analysis programs.

Used by: Technical Analysts

NinjaTrader is a relatively new platform having been founded in 2003. The US software company has a decorated awards cabinet, and currently serves 60,000 traders from over 150 different countries.

NinjaTrader offers a lot of tools for technical analysis, making it geared towards chart trading. The platform has a ton of customizable indicators, along with real-time analysis and great charting presentation.

Quant Savvy has compared NinjaTrader with TradeStation and MultiCharts in the algorithmic trading review which was originally released in 2018. Since then the platform has released multiple updates which we discuss in this NinjaTrader review.

Used by: Active Traders, especially good for Options Trading


Tastywokrs is a new and upcoming brokerage for active traders. Founded in 2017, Tastyworks has quickly garnered the attention that accommodates the recent rise in demand for Options trading.


Tastyworks was founded in Chicago, where its headquarters are. Founder Tom Sosnoff was also behind thinkorswim, a successful trading platform aimed at both beginners and advanced traders.


Tastyworks does offer stocks, futures and ETFs, but its predominantly focuses on Options trading. In this Tastywork review we will discuss trading platform's tools, charting, indicators, as well as its costs and limitations.

Used by: Automated Traders and Professional Traders

Founded in 1994, Trading Technologies is an independent software vendor with an extremely sophisticated infrastucture that faciliates fast algorithmic trading. HQ in Chicago, TT has almost 1000 employees on LinkedIn.

Trading Technologies has built up a reputation for being the fastest trading platform, in which they have the sophisticated and powerful infrastructure, yet is open to retail traders.

Used by: Mobile traders, Options traders, low-activity traders

E*Trade is an electronic trading platform founded by William Porter and Bernard Newcomb in 1982. In 2018, the company had 4.9 million brokerage accounts, and a margin receivables balance of $9.56 billion. E*Trade acquired OptionsHouse in 2016.

E*Trade is headquartered in Arlington, Virginia, but has offices dotted around the United States.

Whilst the company has seen great success during its long trading history, it began it fall behind when competitors began offering zero commission stock trading. As this was becoming the norm, E*Trade decided to follow suit in 2019, and has since caught a second wind.

3 Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

Interactive Brokers API is compatible with nearly all best day trading platforms and software.

IBKR Lite - In 2019 the company launched a second tier of their service. You get unlimted free trades of stocks and ETFs listed on US stock exchanges.

TradeStation Global - in partnership with Interactive Brokers, TradeStation Global offers a direct access to 125 markets and exchanges in UK, Europe, Asia and North America, including global equities, forex, futures and more.

TradeStation US - offers to trade US markets to access US equities and ETFs, futures and options.

eSignal partners

AmiBroker related 3rd party sites

NinjaTrader Ecosystem: a search engine for apps and services that integrate with the NinjaTrader platform. There are also numerous brokers and partners that are compatible with the NinjaTrading platform.

As mentioned above, Tom Sosnoff (the Founder of Tastyworks) was the man behind Thinkorswim, a well-known trading platform that still operates.


Tastytrade is also under a sister's name because its a part of the Tastyworks company, which is where the educational content resides.

Trading Technologies has various partnerships, having teamed up with the likes of CN First, HDR Global Trading, CoinFLEX, TradeStation Group, GDAX, Interxion and many others. TradeStation has a long list of distributors. Some include: ABN AMRO Clearing, ADM Investor Services, Advantage Futures, AMP Global Clearing, Aarna Capital, Bank of America Merrill Lynch + more.

Morgan Stanley announcing in February 2020 that they would acquire E*Trade, many new partners and affiliations will likely begin working with E*Trade.

90 Market Access for Live Trading 4

Market Access for Live Trading

Interactive Brokers

TradeStation

eSignal

AmiBroker

NinjaTrader

Tastyworks

Trading Technologies

91 Market Access for Live Trading 5

Stocks

US markets, European, 250 Markets worldwide. Offers to buy and sell stocks and other securities in 135 markets in 33 countries.

All Major US markets EuroNext Indices, Commodities Derivatives, Interest Rate Eurex and German Stock Exchanges

No Asian Stock Exchanges, No access to London Stock Exchanes

N/A

Live trading requires a separate brokerage. The only brokerage compatible for live trading is Interactive Brokers

N/A

Only US-listed stokcs are available for trade

B3, euronext, ICE_L (common stocks), ICE (7x) stocks

US stocks only
92 Market Access for Live Trading 6

Commodities

IB Spot Gold, IB Spot Silver to gain long and short exposure to the gold and silver markets.

N/A

N/A

N/A

N/A

N/A

N/A
93 Market Access for Live Trading 7

Futures

CBOE, CBOT, CME, CME Crypto, ICE Bakkt Bitcoin, ICE Futures, NYMEX, NYSE, OneChicago, SMFE , Montreal Exchange, Mexican Derivatives Exchange

CBOT, CME, NYMEX, COMEX, CBOE, MGE, ICE U.S

N/A

N/A

CME, CBOT, COMEX NYMEX, EUREX, ICE, ICE UK

Only US-listed Futures are available for trade

EEX, MX, CME, Eurex, ICE, OSE, NFX, JSE, ASX, B3, BIST, BitMEX, CFE, TOCOM, TFX, TFEX, SGX, and more

Available for brokerage and IRA accounts, 24/6 access to market.

Available Futures are listed on ICE US, CME, and CFE - this is limiting compared to competitors.
94 Market Access for Live Trading 8

Options

Equity, index and currency. Option contracts might be traded on the major exchanges in North America, Europe and Asia. Options markets: Chicago Board Options Exchange (CBOE), CME Group, as well as smaller markets, such as the Korea Stock Exchange (KSE) or the Mexican Derivatives Exchange (MEXDER).

US Stock Exchanges

N/A

N/A

N/A

Only US-listed Options are available for trade

SGX, OSE, NFX, NDAQ_EU, MX, MOEX, MEXDER, MEFF, JSE, LSE, JSE, IDEM, ASX, B3, BIST, CME, EUREX, and more

Options trading is where E*Trade shines in terms of functionality. There are single leg and multi-leg options, although you can only trade on CBOE exchange - which is limiting.
95 Market Access for Live Trading 9

CFDs

Only clients from Interactive Brokers (U.K.) Limited are eligible to trade with CFDs. Compared to other products and competitors, IB offers an average range of CFDs, mainly stock and stock index CFDs.

N/A

N/A

N/A

N/A

Euronext, ICE L

N/A
96 Market Access for Live Trading 10

Forex

Forex trading is unavailable for US customers.

Forex Exchange data only

N/A

N/A

N/A

N/A

N/A

N/A
Filter wdt_ID Contents Interactive Brokers
Useful links 1

Useful links

Market Data Costs - access market data fees for various markets in multiple countries.

IB Charting - short video of charting historical data, adding trendlines and rogue data points for IB TWS.

Option Strategy Lab - IB tool that enables customers to evaluate trading scenarios based upon their own forecasts for underlying share prices.

Investors' Marketplace - free online forum that connects individual traders and investors, institutions and third-party service providers. This is a great resource where you can find investment advisors, brokers, hedge funds.

Python language - Interactive Brokers step-by-step API Setup Guide

API Reference Guide - TWS API documentation, housed on Github.

Guide to portfolio building - access the guide that explains how to create an investment strategy based on the market analysis and fundamentals, run backtests and make adjustments to the strategy as needed.

IBKR Traders' Insight - venue for market-related articles and commentary, covering an array of asset classes and topics.

IBKR Quant Blog - blog to assits quantitative professional who seek to visualize, interpret and analyze financial information.

Background 2

Background

Used by: Professionals, Money Managers, Hedge Funds and Institutional Clients.

Interactive Brokers was founded in 1978 and are one of the biggest electronic US-based brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC). IB clients traded $100 billion worth of stocks in December 2019, which tripled to $295 billion in March 2020. That's almost double of Ray Dalio's Bridgewater AUM. IB's client's AUM is $180 billion, which is also more than Bridgewater's AUM.

Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

Interactive Brokers API is comaptible with nearly all day trading platforms and software.

IBKR Lite - In 2019 the company launched a second tier of their service. You get unlimted free trades of stocks and ETFs listed on US stock exchanges.

Market Access for Live Trading row 4 Market Access for Live Trading
Market Access for Live Trading 5 Stocks US markets, European, 250 Markets worldwide.
Offers to buy and sell stocks and other securities in 135 markets in 33 countries.
Market Access for Live Trading 6 Commodities IB Spot Gold, IB Spot Silver to gain long and short exposure to the gold and silver markets.
Market Access for Live Trading 7

Futures

Cboe, CBOT, CME, CME Crypto, ICE Bakkt Bitcoin, ICE Futures, NYMEX, NYSE, OneChicago, SMFE , Montreal Exchange, Mexican Derivatives Exchange

Market Access for Live Trading 8 Options Equity, index and currency. Option contracts might be traded on the major exchanges in North America, Europe and Asia. Options markets: Chicago Board Options Exchange (CBOE), CME Group, as well as smaller markets, such as the Korea Stock Exchange (KSE) or the Mexican Derivatives Exchange (MEXDER).
Market Access for Live Trading 9 CFDs Only clients from Interactive Brokers (U.K.) Limited are eligible to trade with CFDs. Compared to other products and competitors, IB offers an average range of CFDs, mainly stock and stock index CFDs.
Market Access for Live Trading 10 Forex Forex trading is unavailable for US customers.
Filter wdt_ID Contents Tradestation
Useful links 1

Useful links

TradeStation Service Fees

TradeStation Market Data Pricing - access pricing of real-time and delayed index, equity and equity options, futures and futures options data, as well as foreign market data, market news feeds and fundamental data.

Short video of mobile charting - access TradeStation live data charting on phone.

Trade Manager- learn how to create TradeManager window to display trade and account activity.

TradeStation Market Insight - provides daily market insights, ideas about potential trading opportunities, and education that is designed to help to become a better self-directed investor.

Easy Language - video introduction to EasyLanguage to learn how to create and modify simple indicators based on the trading ideas, and then apply them to a chart or RadarScreen.

TradeStation Forum - access support, education and training services and materials to learn more about TradeStation software and services.

Background 2

Background

Used by: Day Traders and Fully Automated Traders

TradeStation is an online securities brokerage, integrating software’s backtesting and automated functions. Tradestation provides real-time market data from all major exchanges and trade order placement and execution with those exchanges for both the securities and futures markets. This professional-grade platform offers charting capabilities, advanced tools and trading strategies backed by research and development by many 3rd party vendors.

Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

TradeStation Global - in partnership with Interactive Brokers, TradeStation Global offers a direct access to 125 markets and exchanges in UK, Europe, Asia and North America, including global equities, forex, futures and more.

TradeStation US - offers to trade US markets to access US equities and ETFs, futures and options.

Market Access for Live Trading row 4 Market Access for Live Trading
Market Access for Live Trading 5 Stocks

All Major US markets
EuroNext Indices, Commodities Derivatives, Interest Rate
Eurex and German Stock Exchanges

No Asian Stock Exchanges, No access to London Stock Exchanes

Market Access for Live Trading 6 Commodities
Market Access for Live Trading 7

Futures

CBOT, CME, NYMEX, COMEX, CBOE, MGE, ICE U.S

Market Access for Live Trading 8 Options US Stock Exchanges
Market Access for Live Trading 9 CFDs
Market Access for Live Trading 10 Forex Forex Exchange data only
Filter wdt_ID Contents Esignal
Useful links 1

Useful links

Market Screener Plus- a free eSignal's feature that allows to search through 1000s of individual stocks.

Advanced GET Scanner - a guide that explains the features that are unique to Advanced GET Edition of the eSignal, such as dashboard, the Advanced GET Scanner, Advanced GET studies, and the Advanced GET drawing tools.

eSignal add-ons- access a list of eSignal apps and add-ons designed for every level of trader, including Fundamental Data and Market Profile.

JavaScript for EFS video - watch training video that educates viewer on programming concepts using JavaScript, the foundation language for eSignal Formula Script (EFS).

Background 2

Background

Used by: Technical Analysts


E-Signal offers customizable charts and advanced analytical tools, including stock scanner, automated systems, market profile, advanced volume analysis, and so on. In addition to being a comprehensive charting platform, featuring hundreds of technical indicators, eSignal is also a trading platform. It can connect to more than 50 different brokers and execute trades directly from inside the platform.

Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

eSignal partners

Market Data and Software Costs 22 Market Data and Software Costs
Market Data and Software Costs 23

Data Feeds Compatible

Interactive Brokers, Rithmic, Dorman Trading, Gain Capital, AMP, Global Futures etc… See full list

Market Data and Software Costs 28 Desktop "Classic" $54/month or $540/year
"Signature" $176/month or $1594/year
"Elite" $359/month or $3480/year
Market Data and Software Costs 29 Mobile App Available with "Signature" or "Elite" package only
Market Data and Software Costs 36 Images

esignal pricing

User Interface and Technology 37 User Interface and Technology
User Interface and Technology 38

Charting, Indicators and Tools

Charting: E-Signal offers a wide variety of charting intervals, including time (seconds, minutes, days, years, etc.), volume, range, tick. Many charting options outside traditional candlestick and bar charts: Heiken Ashi, Bar, Candle, Point & Figure, Histogram, Line, Area, Kagi, Renko, Price Break. A technical analyst will love the pristine look of Esignal desktop with its extensive drawing tools and user-friendly navigation.

Esignal is stable, fast and has comprehensive technical tools, they even a great add on for Market Profile (which comes at extra cost). See; Esignal 12.1 In Action Video. Esignal DDE Q Link which allows you to download real-time data, however, the last update was in 2014!

Filter wdt_ID Contents AmiBroker
Useful links 1

Useful links

Charting Guide - beginners' charting guide.

Backtesting - guide of how to backtest your ideas in AmiBroker

Backtesting systems for future contracts - read article of how to backtest systems for future contracts

Background 2

Background

Used by: Technical Analyst and Systems Developers

AmiBroker is comprehensive technical analysis platform designed with advanced traders in mind. In addition to detailed technical charts, AmiBroker offers some of the most in-depth strategy back testing options available to traders. AmiBroker (1.0) was released in 1995 as one of the first technical analysis programs.

Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

AmiBroker related 3rd party sites

Market Data and Software Costs 22 Market Data and Software Costs
Market Data and Software Costs 23

Data Feeds Compatible

Data Sources

Market Data and Software Costs 28 Desktop Single-user licenses (can use single license on multiple computers)
Standard Edition: $279
Professional Edition: $339
Ultimate Pack Pro: $499 (includes AmiQuote and AFL Code Wizard)
Optional Extras: "AmiQuote" universal quote downloader +$99
"AFL Code Wizard" +$99
Market Data and Software Costs 36 Images

amibroker pricingamibroker cost

User Interface and Technology 37 User Interface and Technology
User Interface and Technology 38

Charting, Indicators and Tools

Charting: Ability to quickly and easily add a wide variety of technical analyses to the charts, switch between multiple timescales, and completely customize the appearance of your charts as needed.

Indicators: All classic indicators included: Hundreds of well-known indicators such as: ROC, RSI, MACD, OBV, CCI, MFI, NVI, Stochastics, Ultimate oscillator, DMI, ADX, Parabolic SAR, TRIN, Advance/Decline line, Accumulation/Distribution, TRIX, Chaikin oscillator and many more.

The whole platform including charting and indicators is very dated and not polished.

User Interface and Technology 39 Platform Reviews by Users

Asset 1 2

"Advantage of AmiBroker. It is faster, light wight, almost no bugs, almost no limits and cheaper."

Source 2020

Column number Filter wdt_ID Contents NinjaTrader
1 Useful links 1

Useful links

Trade Desk Calendar - view significant upcoming financial events

Market Updates - browse a feed of the latest market news stories

Trading 101 - learn the basics of technical analysis and day trading

NinjaTrader New - browse the latest news surrounding the NinjaTrader platform

2 Background 2

Background

Used by: Technical Analysts

NinjaTrader is a relatively new platform having been founded in 2003. The US software company has a decorated awards cabinet, and currently serves 60,000 traders from over 150 different countries.

NinjaTrader offers a lot of tools for technical analysis, making it geared towards chart trading. The platform has a ton of customisable indicators, along with real-time analysis and great charting presentation.

3 Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

NinjaTrader Ecosystem: a search engine for apps and services that integrate with the NinjaTrader platform.


There are also numerous brokers and partners that are compatible with the NinjaTrading platform.
90 Market Access for Live Trading 4 Market Access for Live Trading
91 Market Access for Live Trading 5

Stocks

N/A

92 Market Access for Live Trading 6

Commodities

N/A

93 Market Access for Live Trading 7

Futures

CME, CBOT, COMEX NYMEX, EUREX, ICE, ICE UK

94 Market Access for Live Trading 8

Options

N/A

95 Market Access for Live Trading 9

CFDs

N/A

96 Market Access for Live Trading 10

Forex

N/A

Column number Filter wdt_ID Contents Trading Technologies
1 Useful links 1

Useful links

Support - A place to get customer service, open a ticket or phone TT to solve an issue.

Markets - The markets that users have access to when using Trading Technologies

Pricing - View how much it costs to use the TT platform.

Community - TT’s community section is an environment in which users share ideas and help each other solve issues.

2 Background 2

Background

Used by: Automated Traders and Professional Traders

Founded in 1994, Trading Technologies is an independent software vendor with an extremely sophisticated infrastucture that faciliates fast algorithmic trading. HQ in Chicago, TT has almost 1000 employees on LinkedIn.

Trading Technologies has built up a reputation for being the fastest trading platform, in which they have the sophisticated and powerful infrastructure, yet is open to retail traders.

3 Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

Trading Technologies has various partnerships, having teamed up with the likes of CN First, HDR Global Trading, CoinFLEX, TradeStation Group, GDAX, Interxion and many others. TradeStation has a long list of distributors. Some include: ABN AMRO Clearing, ADM Investor Services, Advantage Futures, AMP Global Clearing, Aarna Capital, Bank of America Merrill Lynch + more.

90 Market Access for Live Trading 4

Market Access for Live Trading

Trading Technologies

91 Market Access for Live Trading 5

Stocks

B3, euronext, ICE_L (common stocks), ICE (7x) stocks

92 Market Access for Live Trading 6

Commodities

N/A

93 Market Access for Live Trading 7

Futures

EEX, MX, CME, Eurex, ICE, OSE, NFX, JSE, ASX, B3, BIST, BitMEX, CFE, TOCOM, TFX, TFEX, SGX, and more

94 Market Access for Live Trading 8

Options

SGX, OSE, NFX, NDAQ_EU, MX, MOEX, MEXDER, MEFF, JSE, LSE, JSE, IDEM, ASX, B3, BIST, CME, EUREX, and more

95 Market Access for Live Trading 9

CFDs

Euronext, ICE L

96 Market Access for Live Trading 10

Forex

N/A

Column number Filter wdt_ID Contents Tastyworks
1 Useful links 1

Useful links

Tastyworks Pricing — how much it costs to trade with Tastyworks

Tastytrade Live — A live educations video feed

Help Center — a support page for common issues

Technology page — The latest technology that Tastyworks uses

2 Background 2

Background

Used by: Active Traders, especially good for Options Trading

Tastywokrs is a new and upcoming brokerage for active traders. Founded in 2017, Tastyworks has quickly garnered the attention that accommodates the recent rise in demand for Options trading.

Tastyworks was founded in Chicago, where its headquarters are. Founder Tom Sosnoff was also behind thinkorswim, a successful trading platform aimed at both beginners and advanced traders.

Tastyworks does offer stocks, futures and ETFs, but its predominantly focuses on Options trading. In this Tastywork review we will discuss trading platform's tools, charting, indicators, as well as its costs and limitations.

3 Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

As mentioned above, Tom Sosnoff (the Founder of Tastyworks) was the man behind Thinkorswim, a well-known trading platform that still operates.

Tastytrade is also under a sister's name because its a part of the Tastyworks company, which is where the educational content resides.

90 Market Access for Live Trading 4

Market Access for Live Trading

Tastyworks

91 Market Access for Live Trading 5

Stocks

Only US-listed stokcs are available for trade

92 Market Access for Live Trading 6

Commodities

N/A

93 Market Access for Live Trading 7

Futures

Only US-listed Futures are available for trade

94 Market Access for Live Trading 8

Options

Only US-listed Options are available for trade

95 Market Access for Live Trading 9

CFDs

N/A

96 Market Access for Live Trading 10

Forex

N/A

Column number Filter wdt_ID Contents E*trade
1 Useful links 1

Useful links

Planning - Those new to E*Trade can benefit from a signup bonus.

Knowledge - A page to gain insight into strategies, and which may suit your situation

Core Portfolios - Managed portfolios to help get a quick, reliable start to investing

Pricing - Up-to-date prices of commission

Order routing report - Quarterlyorder routing report by E*Trade

2 Background 2

Background

Used by: Mobile traders, Options traders, low-activity traders

E*Trade is an electronic trading platform founded by William Porter and Bernard Newcomb in 1982. In 2018, the company had 4.9 million brokerage accounts, and a margin receivables balance of $9.56 billion. E*Trade acquired OptionsHouse in 2016.

E*Trade is headquartered in Arlington, Virginia, but has offices dotted around the United States.

Whilst the company has seen great success during its long trading history, it began it fall behind when competitors began offering zero commission stock trading. As this was becoming the norm, E*Trade decided to follow suit in 2019, and has since caught a second wind.

3 Affiliations or Secondary Platforms 3

Affiliations or Secondary Platforms

Morgan Stanley announcing in February 2020 that they would acquire E*Trade, many new partners and affiliations will likely begin working with E*Trade.

90 Market Access for Live Trading 4

Market Access for Live Trading

91 Market Access for Live Trading 5

Stocks

US stocks only
92 Market Access for Live Trading 6

Commodities

N/A
93 Market Access for Live Trading 7

Futures

Available for brokerage and IRA accounts, 24/6 access to market.

Available Futures are listed on ICE US, CME, and CFE - this is limiting compared to competitors.
94 Market Access for Live Trading 8

Options

Options trading is where E*Trade shines in terms of functionality. There are single leg and multi-leg options, although you can only trade on CBOE exchange - which is limiting.
95 Market Access for Live Trading 9

CFDs

N/A
96 Market Access for Live Trading 10

Forex

N/A

Useful resources for day traders:

Day Trade the World – Day Trading Blog, Training and Support

5 Comments
  • Steve
    Posted at 08:47h, 09 August Reply

    Great blog post! So much information I was looking for in one place, thanks guys keep up the good work 👍

  • Jon
    Posted at 11:11h, 13 August Reply

    Just what i was looking for! I have been thinking about making the switch to Tradestation. Would be great if you guys could review TD Ameritrade or share your thoughts? Thanks

  • James
    Posted at 15:56h, 23 September Reply

    That’s great News! I just love Tradestation.

  • Nadiia Shevchuk
    Posted at 20:58h, 30 July Reply

    What an informative and volumious article! it is for sure visible that the author have conducted a profound research. I really appreciate that.

Post A Comment