Understanding your classification as a trader is critical when you select a broker for day trading. As an active trader, you are likely comfortable paying $4, $5, $6, or even $7 per trade. You want low-cost trades, but a feature-rich platform or research is important to you too; therefore, you are willing to pay more. However, speak to a hyperactive trader or day trader, and you will find the platform/software design, research, and trade tools don’t matter; cost and execution talks while everything else walks. Because of this, our ranking in this category considers both types of trader, with the most significant factors being price, speed, and execution, as these are elements both have in common.