Choosing the best day trading platform is about finding a broker that offers low fees for high frequency trading along and features that keep you one step ahead of the rest.
We use Finder's proprietary algorithm to find trading platforms that offer the best selection of tools and to nail down those with the most attractive fees for active traders:
Important: If you're new to day trading, make sure you understand the risks first. Day trading is extremely difficult and less than 1% of traders remain profitable after 5 years1.
We currently don't have that product, but here are others to consider:
How we picked theseWe've scored over 30 share trading platforms assessing them for their core features, fees, customer experience and accessibility. Our experts give each platform a score out of 10.
Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
Moomoo is one of our top picks for day trading because it offers low-cost access to emerging stocks, as well as advanced trading tools, swanky charts, and extended trading hours.
It's also one of the cheapest platforms in Australia for US options, with the lowest fees per contract we've seen so far. While futures trading isn't yet available in Australia, you can practice trading these on the demo account and you get access to top notch tools, such as their AI-driven technical analysis charts.
Another highlight is its range of free advanced trading tools and data, including Level 2 data and live prices. Plus, it gets a special shout out for its long list of small and micro-cap Australian stocks with CHESS sponsorship.
It features a long list of trading tools including technical analysis charts, over a dozen conditional orders and a range of available assets, including stocks, options and CFDs.
Interactive is also one of the only brokers to offer OTC (over the counter) stocks and futures contracts.
Webull also offers stocks from Australia, the US, China (A-Shares) and Hong Kong as well as US options plus margin trading for both stocks and options. Useful features include extended trading hours, technical analysis charts and probability analysis tools.
To find the platforms for day traders we analysed the fees and features of 40 platforms available in Australia. We included 40 separate features in the algorithm and the top rated trading platforms featured here had the highest average rating across the board.
Features included in the weightings were:
For more information on how we determined our finalists, check out our full methodology.
Day trading involves buying and selling financial instruments within the same trading day. Traders aim to capitalise on short-term price movements to make profits.
It's important to note that day trading can be highly volatile and risky, and it requires a good understanding of the market, technical analysis and risk management.
If you're considering day trading, it's crucial to educate yourself, stay informed about market trends and develop a solid trading strategy.
Keep in mind that financial markets can be unpredictable and there are no guaranteed profits. It's recommended to start with a small amount of capital, use risk management strategies and be prepared to handle the emotional challenges that come with day trading.
Day trading is difficult, with only 13% of traders remaining profitable over a 6-month period, and only 1% remaining profitable over 5 years.1 If you're serious about becoming a day trader, it may be worth practising with a demo account for the first few months to see how you perform without risking your capital.
Many online brokers and share trading platform offer free demo or test accounts that you let you test your trading strategy without the risk of losing your money.
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