Latest news with #Thinkorswim
Time Business News
27-06-2025
- Business
- Time Business News
Ranking the Best Trading Apps for Active Day Traders
By Rajiv Sethi Day trading is a fast-paced, high-stakes game where every second counts. To succeed, traders need tools that deliver speed, precision, and real-time data. That's where choosing the best trading apps becomes critical. In today's highly mobile world, professional and amateur day traders alike rely on smart apps that offer lightning-fast execution, live charts, and instant market updates. In this article, we'll rank the best trading apps for active day traders and explore what features make them stand out in today's competitive financial landscape. For active day traders, even a momentary delay can result in a missed opportunity or unexpected loss. Whether you're scalping small moves or riding intraday momentum, the best trading apps give you the power to act instantly and decisively. Real-time price tracking One-tap trade execution Customizable alerts and indicators Low or zero commissions Advanced charting tools Instant news and sentiment feeds These aren't just luxuries—they're necessities in the high-speed world of day trading. Still a top choice for forex and CFD traders, MetaTrader offers excellent charting, algorithmic trading capabilities, and low latency execution. Its mobile app is intuitive and allows custom indicators and expert advisors. Why It's Great: Fast execution Great for forex traders Customizable indicators Thinkorswim is known for its depth of tools, real-time scanning, and built-in paper trading. While its interface is packed with features, it remains user-friendly for day traders. Why It's Great: Advanced technical tools Real-time scanning and alerts Strong community and support Perfect for serious traders, IBKR offers ultra-low commissions, access to global markets, and institutional-grade tools. Its mobile app supports all asset classes and integrates professional-level functions. Why It's Great: Global asset access Real-time news integration Smart routing for fast trades Webull is one of the best trading apps for beginners and experienced traders alike. It's commission-free and has advanced technical charts, multiple order types, and customizable widgets. Why It's Great: Zero-commission trades In-app trading community Technical analysis tools For traders who like social elements, eToro offers copy trading, community insights, and a sleek interface. While ideal for swing traders too, its real-time trade features support fast executions. Why It's Great: Social/copy trading Simple interface Crypto, forex, and stocks TradeStation offers powerful tools for professional day traders. With direct market access, strategy testing, and smart order routing, it's designed for speed and accuracy. Why It's Great: High-speed execution Algorithmic trading support Integrated news and data When ranking the best trading apps, these features matter the most for day traders: Fast trade execution is crucial. Apps must support low latency and smart routing. Access to live, customizable charts with multiple timeframes and indicators is a must. Traders need instant alerts for price movements, volume spikes, and news events. Delays in data can kill trades. Live feeds and integrated sentiment tools offer a major edge. In day trading, complexity can slow you down. A clean, customizable interface helps you act quickly. To make the most of these best trading apps, day traders also need to monitor the trading pulse—the real-time flow of market data, sentiment, and macro events that influence short-term moves. A synced setup between a trading pulse feed and your mobile app can: Trigger alerts faster Improve timing on trade entries Help you stay ahead of breaking news Increase win rates during volatile hours As a trader who has tested dozens of platforms over the years, I believe that having the right mobile tools is just as important as your strategy. The best trading apps don't just offer features—they offer flexibility, precision, and an edge that's vital for consistent intraday profits. If you're serious about day trading in 2025, invest in tools that empower you to act instantly and think ahead. Whether you prefer technical setups or fast news-based scalping, there's a trading app on this list that can take your performance to the next level. TIME BUSINESS NEWS
Yahoo
02-05-2025
- Business
- Yahoo
Charles Schwab eyes crypto trading launch
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever you find your favorite podcasts. Charles Schwab (SCHW) wants its piece of the crypto trading pie. "There's lots of ways for clients to get invested in crypto at Schwab. And we provide lots of insights and education around crypto," Charles Schwab CEO Rick Wurster told me on Yahoo Finance's Opening Bid podcast (video above; listen in below). "We are going to add spot crypto trading in the next 12 months. We're going to focus initially on bitcoin and ethereum. It'll be on our Thinkorswim platform and then shortly after on and on mobile." This embedded content is not available in your region. Wurster said Schwab has no plans to enter the meme coin trading environment. "Those are areas we will leave to the side and let someone else make available. We're focused on those everyday investors that want crypto to be a part of their portfolio," Wurster said. Charles Schwab isn't the only old-school investment firm eyeing a deeper role in the crypto community. Execs at Morgan Stanley (MS) are looking to add spot cryptocurrency trading on its E*trade trading platform in 2026, Bloomberg reported on Thursday. Listen: Why the CEO of Edward Jones doesn't see crypto as an asset class A Morgan Stanley spokesperson didn't immediately return Yahoo Finance's request for comment. The brokerages are both attempting to cash in on a friendlier crypto backdrop under the Trump administration. The SEC dropped lawsuits against several crypto trading companies like Coinbase (COIN) and Robinhood (HOOD) after Trump took office. On April 21, pro-crypto Securities and Exchange Commission Chair Paul Atkins was sworn in — replacing the more anti-crypto Gary Gensler. Meanwhile, the SEC also pulled accounting guidance that had restricted banks from providing custody for cryptocurrencies. And the signature move by Trump was creating a strategic bitcoin reserve on March 6. Despite the efforts, bitcoin slid more than 10% during Trump's first 100 days in office as investors went risk off against the flurry of tariff-related headlines. "Long term, we believe Bitcoin fundamentals are being driven by its own demand trajectory and its mathematically proven immutable supply of 21 million coins. Bitcoin mined today stands at 19.9 million and of the remaining 1.1 million to be mined, almost 95% will be mined over the next 10 years. Hard to be bearish, in our view, on this asset with the current demand-supply dynamics," Bernstein analyst Gautam Chhugani said. Three times each week, I field insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Sign in to access your portfolio
