While day-top trading platforms uk has the potential to yield massive payouts, it’s also a risky endeavor that requires serious research and practice. In addition to having a solid understanding of the market and order execution, you’ll need access to the right tools to help you make informed trading decisions.

Maximize Your Returns: The Best Investment Apps for Smart Investing

The best day trading apps have an intuitive layout, offer low fees/commissions and are reliable. Some even provide features that help you refine your trading strategy and minimize risks. Some brokers restrict their apps’ functionality, encouraging traders to use their desktop versions instead. Look for an app that offers full functionality on both platforms to ensure your day trading experience isn’t compromised.

For example, TD Ameritrade’s thinkorswim app provides a powerful platform for both desktop and mobile devices. It’s one of the top-rated brokerage apps on SmartAsset and allows users to trade stocks, options, ETFs and foreign currency. It also features a robust trading simulator that lets you invest unlimited virtual pretend dollars to test your skills without risking real money.

Other top-rated trading apps include Ally Invest and Merrill Edge. Both offer commission-free trading on stocks and ETFs, plus the latter is a good choice if you’re already a Bank of America customer. Ally Invest has a $0 base cost for stock trading and $0.50 per option contract, while Merrill Edge offers a commission-free IRA with no account minimum. Both feature extensive investment options, and both have a wide range of learning resources to support you in your journey.