best platform for day trading

adindas

wmb194 said:

Mark_d said:

wmb194 said:

Mark_d said:

I'm quite tempted by freetrade but unfortunately they don't trade all the shares I want to.  So I use AJ Bell

Which shares is it lacking? It had been missing some UK small caps but I notice it recently added more, including one of the investment trusts I like. Trading212 has quite a wide range.

Beximco and J Smart & Co

No, there're still not on Freetrade. I see LSE:SMJ is on Trading212 but the problem with minnows like that one on T212 is that 1. trades can take a while to execute and 2. with wide bid/offer spreads you don't know what price you'll get. So, yes, probably better with AJ Bell. Helps that AJB is soon to reduce its commission to £5 per trade.

In my opinion, unless someone is an institutional trader dealing with substantial amounts per trade, a £5 fee per trade is significant for day traders. It's important to note that this cost is only for the trade fee and does not cover additional fees or expenses. Depending on individual preferences, some active day traders may execute tens to hundreds of trades in a single day.

wmb194

adindas said:

wmb194 said:

Mark_d said:

wmb194 said:

Mark_d said:

I'm quite tempted by freetrade but unfortunately they don't trade all the shares I want to.  So I use AJ Bell

Which shares is it lacking? It had been missing some UK small caps but I notice it recently added more, including one of the investment trusts I like. Trading212 has quite a wide range.

Beximco and J Smart & Co

No, there're still not on Freetrade. I see LSE:SMJ is on Trading212 but the problem with minnows like that one on T212 is that 1. trades can take a while to execute and 2. with wide bid/offer spreads you don't know what price you'll get. So, yes, probably better with AJ Bell. Helps that AJB is soon to reduce its commission to £5 per trade.

In my opinion, unless someone is an institutional trader dealing with substantial amounts per trade, a £5 fee per trade is significant for day traders. It's important to note that this cost is only for the trade fee and does not cover additional fees or expenses. Depending on individual preferences, some active day traders may execute tens to hundreds of trades in a single day.

Yes, of course, and that's why I'd previously suggested T212 and Freetrade. However, if you understand the context of this comment, in relation to some thinly traded small cap shares it might be better to go with a more expensive broker.

It isn't all or nothing anyway, you can have main accounts with T212 etc. but use AJB or HL for just some securities.

george4064

Nevermind which platform, chances are you’ll lose money day trading. Good luck, as the vast majority of day traders need it!

Futuristic

Trading212 or interactive brokers (for US stocks will be good due to low fx)

MarcoM

george4064 said:

Nevermind which platform, chances are you’ll lose money day trading. Good luck, as the vast majority of day traders need it!

I am not necessarily after day trading but trading within a few days or weeks and some day trade. I have an HL account and the fees are extortionate for this purpose.

Killmark

I've been day trading for over 5 years now and have tried quite a few platforms along the way. From my experience, AAA Trading platform really stands out, especially when you're looking at fees for frequent trading. They've got competitive spreads starting from 0.0 pips and offer leverage up to 1000:1, which is pretty handy for a day trader like me. Plus, their refer-a-friend bonus is a nice little perk.

What I really like about AAA Trading is that it's super easy to use, even if you're not a pro. It's a solid online brokerage that opens up trading around the world without making things too complicated. 

eskbanker

Killmark said:

I've been day trading for over 5 years now and have tried quite a few platforms along the way. 

Your conclusion being....?