4 Markets Where You Can Day Trade Online

Many people use day trading to engage in financial markets, take advantage of the market volatility, and build trading skills and knowledge. You can certainly engage in day trading online, and that applies to experienced day traders, beginners, and those who want to try it. Here are four markets where you can day-trade online no matter your level of expertise.

1. Robinhood

Robinhood allows you to trade various securities, assets, cryptocurrencies, and options. You can trade online and access real-time analysis, research, and information through the Robinhood mobile app. For those who use the platform’s ecosystem beyond the primary offerings, day trading can work quite well. Otherwise, you can make a few trades without falling into pattern day trading.

What you’ll like about Robinhood for day trading:

• No fees or commissions for trading.
• Ease of use, ease of navigation, intuitive interface
• The ability to purchase fractional shares

What you might not like about Robinhood for day trading:

• A limited number of markets, assets, securities, cryptocurrencies, etc.
• Restrictions on trades unless you meet certain requirements

Newer day traders can use the platform to test the waters, and experienced traders can use the platform as part of a larger day trading routine with other platforms.

2. DeFi

Decentralized finance (DeFi) offers a lot of opportunities for day traders. As a 24/7 market, anyone can trade at any time. You can think of DeFi as an ecosystem of decentralized financial institutions, platforms, and systems that you can make use of at any time.

You can participate in practically any financial activity, all secured by blockchain technology. If you are interested in trading cryptocurrencies or include crypto in your online day trading, you can use a DeFi platform to trade crypto on chain. That means you can make trades directly on the blockchain without intermediaries.

DeFi offers online day traders:

• Lower fees, as compared to using intermediaries
• Faster transactions, as they occur directly on the network
• Increased privacy and security, from the blockchain and lessened the possibility of foul play
• Access to new and wider markets and financial instruments

Most of the potential downsides for online day traders come from the complexity of how blockchain and many of the DeFi tools work. These platforms and tech aren’t what many people have grown used to over their lives, so there’s a bit of a learning curve involved. Of course, some platforms and services make it easier to navigate DeFi than others.

3. Fidelity

They offer a clean trading interface and many educational tools and resources. If you’re unsure about a trade, Fidelity’s platform will have the insights you need to figure it out. Fidelity isn’t specifically a day trading platform as it caters to many investment types.

With Fidelity, online day traders get:

• Diverse markets stretching across tons of asset types and global investment opportunities
• Very high-quality research and analysis tools are readily available

However, Fidelity can also come with:

• Higher fees, commissions, minimums, or monetary requirements
• Some limits on certain types of trades and margins

For the experienced day trader, Fidelity probably makes the most sense. However, given Fidelity’s learning tools, you can certainly use the platform to educate yourself on investing of all types if you’re a beginner to day trading.

4. eToro

This platform utilizes social trading, which means you can follow the strategies of more experienced traders and even copy them. This option works very well for beginners, those who want to learn new trading techniques, and people who want to learn while they trade.

eToro does work well for online day trading. The benefits of the platform include:

• No fees or commissions on trades, you pay the spread
• Very easy to use, navigate, and trade on
• Learn and copy the techniques of experts
• Social trading and interactions with real people

Some of the more experienced day traders may not like the limited number of assets available for trading. You may rely on outside tools for data, charts, and analysis.

Day trading online isn’t the same from platform to platform. You may have to try a few different services to determine which works best for you. Many platforms and services exist outside what’s mentioned here, but these all represent an excellent place to start with online day trading.