13 Best Swing Trading Brokers – Pros, Cons & More

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best swing trading brokers

Swing trading is a type of trading that promises excellent use of capital and higher returns. However, successful swing trading depends on numerous factors, and choosing the best swing trading broker is one of them. At the same time, picking the right broker is also a difficult task. Therefore, to help you choose one of the best swing trading brokers, we reviewed different brokers. After our extensive research, analysis, and comparisons, here are the 13 winners. 

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13 best swing trading brokers

  1. Interactive Brokers
  2. TradeStation
  3. E*TRADE
  4. Robinhood
  5. Charles Schwab 
  6. AvaTrade
  7. Merril Edge 
  8. Pepperstone
  9. Fidelity
  10. Plus500
  11. Firstrade
  12. Ally Invest 
  13. eToro 

1. Interactive Brokers 

Interactive Brokers is one of the best online brokers that can help you achieve huge success in your swing trading. Most importantly, the broker offers the Trader Workstation platform. It is among the most efficient and top-class online trading platforms. Additionally, Interactive Brokers offers a suite of amazing features that make your swing trading simple but tremendously profitable. The trading platform is also available in all three versions: desktop, web, and mobile. Thus, you have the flexibility to trade on the desktop or on the go using the mobile version. Moreover, if you want to take advantage of 100+ order types and complex algorithm trading, Interactive Brokers is for you.

Main Features

  • Trader Workstation with all its powerful but free trading tools helps you in identifying profitable market opportunities. You can also analyze trading outputs and make informed trading decisions. 
  • The broker also promises comprehensive reporting. Thus, you can conduct easy transaction costs analysis, portfolio analysis, and more.
  • Additionally, backtesting, paper trading, IB Risk Navigator, advanced order and algorithms, simple orders, and much more make your trading simple, effortless, and enjoyable. 
  • Interactive Brokers also empowers you to take advantage of global market fluctuations. Thus, you can trade on stocks and ETFs of companies from 33 countries and in 23 currencies across 80+ market centers. 
  • Furthermore, the broker has recently launched a new mobile app named IMPACT. The app is extremely useful for swing trading and reflects the need of the hour.

Account Minimum 

Interactive Brokers doesn’t require any account minimum for opening accounts on the platform. 

Pairs Offered 

  • Interactive Brokers offers trading on stocks of companies from 33 countries and in 23 currencies across 80+ global markets.
  • Options and futures on 30+ global markets
  • 1 million bonds globally

Fees

  • Interactive Brokers’ IBKR Lite account offers commission-free trading on stocks listed on a stock exchange. When using the IBKR Pro account, the platform charges $0.005 to $0.0035 per share commission.
  • $0.15 to $0.65 per US option contract

Best For

Interactive Brokers is best for powerful and flexible trading platforms, comprehensive reporting, low commissions, and margin accounts.

Regulation

Interactive Brokers is a highly regulated platform regulated by;

  • The Securities Exchange Commission (SEC)
  • The Commodity Futures Trading Commission (CFTC)

Funding Methods 

Interactive Brokers supports numerous funding methods like wire transfer, checks, Automated Clearing House transfer, Canadian Electronic Funds Transfer, and BPAY for Australian dollars only.

Pros

  • Allows domestic as well as global stocks, options, and futures
  • Fractional share trading
  • Powerful trading platform and research tools
  • Superior order execution
  • Zero commission on IBKR Lite

Cons

  • The website is not user-friendly  

 2. TradeStation

TradeStation is another big player in the industry that makes intimidating trading decisions fearlessly. Because the broker’s top-class trading platforms and powerful tools are perfect for swing traders. They provide the much-needed power and also efficiency required for making confident trading decisions. TradeStation offers an award-winning trading platform named TradeStation Platform. The platform allows you to develop, test, optimize, monitor, and automate your trading strategies. The broker also offers various other features that make it one of the best swing trading brokers in the market. 

Main Features

  • TradeStation offers web-based, desktop, as well as mobile versions of the platform that enables you to trade in the way you want.
  • The platform also ensures impressive reliability and speed in terms of order execution via powerful order execution technology. 
  • If you need the depth to make informed swing trading decisions, the platform also provides access to a huge historical database.
  • In addition to platforms, you can buy and sell stocks in thousands of companies including big-name tech companies like Google, Amazon, Apple, Facebook, and Netflix. 

Account Minimum 

TradeStation requires an account minimum of $500.

Pairs Offered 

  • TradeStation offers thousands of stocks for trading besides stocks of big-name tech companies like Google, Amazon, Apple, Facebook, and Netflix. 
  • You can also trade on 2000+ ETFs, numerous options, and futures across major US and EUR futures exchanges
  • 250 futures option products

Fees

TradeStation charges;

  • $0 commission on stock trading
  • $0.50 per options contract and $0.60 per options contract on TS GO and TS SELECT respectively
  • $1.50 per futures contract

Best For

TradeStation is best for commission-free stock trading, competitive margin rates, a collection of trading platform versions, and superior order execution. 

Regulation 

TradeStation is another highly regulated platform regulated by;

  • The Securities and Exchange Commission (SEC)
  • The Financial Industry Regulatory Authority (FINRA)

Funding Methods

TradeStation supports smart transfers, wire transfers, checks, and electronic transfers. 

Pros

  • A collection of trading platforms
  • Powerful tools
  • User-friendly interface
  • Competitive margin rates
  • Comprehensive research
  • Active trader community

Cons

  • Higher account minimum

3. E*TRADE

E*TRADE is another one of the most popular swing trading brokers. It is a platform for getting access to a cutting-edge trading platform, top latest research, trading strategies, and much more. The broker’s innovative Power E*TRADE platform is packed with the latest tools for swing trading. This platform offers powerful charts with 100+ studies, 30+ charting tools, and multiple chart types. Various other features are also there to take your technical analysis to the next level. Moreover, E*TRADE is a unique swing trading broker as it offers various unique features. 

Main Features

  • Power E*TRADE is among the very best, efficient, and robust online swing trading platforms. Because it brings various top-quality features that help you in making the best trading decisions. 
  • The advanced charting tools with multiple indicators, chart types, and drawing tools also assist you in your technical analysis. 
  • Additionally, independent analyst research, market news, quotes, screeners, and even retirement planning also help you in taking control of your trading and financing. 
  • E*TRADE also enables you to trade on a variety of stocks, ETFs, options, futures, bonds, and cryptocurrencies. 

Account Minimum 

E*TRADE also doesn’t require any account minimum. 

Pairs Offered 

  • E*TRADE also offers all US-listed stocks
  • Numerous ETFs, options, and futures

Fees

  • E*TRADE also charges a $0 commission on domestic stocks. However, the broker charges variable commissions on foreign stocks.
  • $1.50 per futures contract
  • $0.65 per options contract

Best For

E*TRADE is best for an intuitive platform, robust features, and commission-free domestic stocks’ trading. 

Regulation

E*TRADE is also a regulated platform regulated by;

  • The Securities and Exchange Commission (SEC)
  • The Financial Industry Regulatory Authority (FINRA)

Funding Methods 

E*TRADE also supports bank transfer, wire transfer, and check deposits. 

Pros

  • Intuitive but user-friendly platform
  • Extensive research access
  • Exceptional customer support services
  • Commission-free stock trading 

Cons

  • Difficult to navigate website
  • Credit/debit cards are not acceptable

4. Robinhood

Robinhood is among the online stock brokers that put their clients’ safety first and ensure radical customer focus. The platform offers a mobile application with some top-notch trading tools. Additionally, Robinhood provides exceptional educational content. Moreover, if you want to stay updated on what is going on in the financial world, Robinhood Snacks gets you covered. Besides, Robinhood promises some great features that have attracted millions of swing traders from across the world. 

Main Features

  • The platform offers a unique mobile trading application that also accompanies great trading tools. It allows you to learn about financial markets, manage your portfolio, and set up customized news and notifications. 
  • Besides, the broker gives you access to initial public offerings (IPOs) and helps you become the first investors investing in newly listed companies. 
  • You can also invest in stocks of any amount of your choice through Robinhood and buy fractional shares with ease.

Account Minimum 

Robinhood also has no account minimum requirements. 

Pairs Offered 

  • Robinhood offers stocks of US-listed companies, 650 foreign companies via American Depositary Receipts, and more than 6,900 symbols for fractional trading.
  • Numerous ETFs and options

Fees

  • Robinhood is a commission-free stock trading platform for stock trading
  • Options trading is also commission-free

Best For

Robinhood is best for offering IPOs, fractional share trading, and quality customer support services. 

Regulation 

Robinhood is also among the highly regulated platforms regulated by;

  • The Securities and Exchange Commission (SEC)
  • The Financial Industry Regulatory Authority (FINRA)

Funding Methods 

Robinhood supports bank transfers and credit/debit cards as funding methods. 

Pros

  • Gives access to IPOs and fractional shares
  • User-friendly but powerful mobile application
  • Cash management feature

Cons

  • Mediocre advanced trading tools
  • Only suits beginners

5. Charles Schwab 

Swing trading at one of the best swing trading brokers like Charles Schwab enables you to take your swing trading to the next level. Firstly, the platform gives you a wonderful opportunity to swing trade the way you want on the platform you want. Secondly, Schwab.com and StreetSmart Edge are both feature-rich trading platforms with user-friendly interfaces. Moreover, Charles Schwab provides research and analysis tools that are equally beneficial for both, new and experienced swing traders. Additionally, the broker lets you get your hands on the following key features. 

Main Features

  • Exquisite stock research and powerful trading tools help you in technical analysis and finding the best stocks for trading. 
  • Advanced screeners and Schwab Stock Lists make your stock finding quest seamless. You can also find new ideas, compare different stocks, and customize search criteria using these innovative tools.
  • Charles Schwab also provides Equity Ratings that help you in the evaluation of more than 3000 US stocks.
  • Third-party researches and commentaries from Market Edge, Morningstar, Credit Suisse, and Briefing.com also help you evaluate financial instruments.
  • Intuitive All-in-One Trade Ticket tool makes stock, ETF as well as options trading effortless. Besides, Gain/Loss Analyzer helps you analyze your swing trading performance. 
  • Mobile trading platforms, real-time streaming quotes, advanced charting tools, excellent customer support services, and much more also make Charles Schwab one of the best swing trading brokers.

Account Minimum 

Charles Schwab also doesn’t require any account minimum. 

Pairs Offered 

  • Charles Schwab offers to trade on all stocks listed on the US stock exchange. You can also trade fractional shares, over-the-counter stocks (OTCs), and initial public offerings (IPOs). Charles Schwab also gives you an opportunity to trade international stocks including American Depositary Receipts (ADRs), foreign ordinaries, and Canadian stocks.
  • 2000+ ETFs, numerous options, and futures

Fees

  • Charles Schwab also charges $0 commission on online stock trades
  • $0 to $0.65 per options contract and $2.25 per futures contract

Best For

Charles Schwab is best for its powerful trading platforms, intuitive tools, and extensive US stock offerings for trading. 

Regulation 

Charles Schwab is also a highly regulated platform regulated by;

  • The Securities and Exchange Commission (SEC)
  • The Financial Industry Regulatory Authority (FINRA)
  • The Commodity Futures Trading Commission (CFTC)

Funding Methods 

Charles Schwab supports bank transfers, checks, and electronic wallets. 

Pros

  • Offers all US stocks for trading
  • Zero-commissioned online stock trading
  • Powerful platforms and trading tools
  • Responsive mobile application

Cons

  • Offers limited international stocks
  • Slightly expensive futures contracts fees
  • Doesn’t support credit/debit cards

6. AvaTrade

AvaTrade is another one of the top swing trading brokers. The broker offers three trading platforms – MetaTrader 4, MetaTrader 5, and WebTrader. You can also use automated trading platforms. Automated trading platforms enable you to avoid the difficulties of manual trading. All AvaTrade’s trading platforms come with innovative features and a user-friendly interface. Moreover, the broker gives you access to the world’s most popular financial instruments ranging from stocks and commodities to Forex pairs and cryptocurrency CFDs. Additionally, AvaTrade also offers spectacular features that cannot be overlooked. 

Main Features

  • MT4 and MT5 are among the world’s most popular trading platforms. They offer analytical capabilities that take swing trading to the next level. 
  • Platforms come with numerous interactive charts, built-in indicators, multiple timeframes, and also several other phenomenal tools that are enough for effortless trading. 
  • You can access trading platforms from any type of device you have including PCs, Android, or iOS devices. 
  • AvaTrade’s WebTrader platform is another great platform for swing traders, especially for beginners. It brings all the critical functionality directly from your web browser. 
  • Additionally, if you want to copy the trades of most successful traders, the AvaSocial platform will give you access to the AvaTrade community. 
  • AvaTrade also offers the best multilingual customer support that guides you to resolve your issues with the utmost respect and compassion. 
  • AvaTrade invests a huge amount of money in providing the best educational content to its clients. You can learn a great deal through the platform itself, ebooks, and video tutorials. 

Account Minimum

AvaTrade requires a minimum deposit of $100.

Pairs Offered

  • AvaTrade offers stocks of companies listed on all major exchanges including NYSE, US Tech 100, and FTSE
  • A wide selection of ETFs

Fees

  • AvaTrade also charges a $0 commission on stock trading
  • Spread on ETFs start from as low as 0.0013

Best For

AvaTrade is best for offering a variety of trading platforms, innovative tools, social trading platforms, and commission-free stock trading.

Regulation

AvaTrade is also a globally regulated broker regulated by

  • Australian Securities and Investments Commission (ASIC)
  • The Abu Dhabi Global Market Authorities (ADGM)
  • The Financial Services Regulatory Authority (FSRA)
  • The Financial Sector Conduct Authority (FSCA)
  • The British Virgin Islands (BVI) Financial Services Commission (FSC) in the British Virgin Islands
  • The Financial Services Agency (FSA) and
  • The Financial Futures Association of Japan (FFAJ) in Japan
  • The Investment Industry Regulatory Organization of Canada (IIROC) in Canada 

Funding Methods

AvaTrade supports a number of funding methods including bank transfer, credit/debit card, and electronic wallets.

Pros

  • A variety of robust trading platforms
  • Innovative features include free research tools
  • Seamless and quick account opening
  • Free deposit and withdrawals
  • Low trading fees
  • Exceptional customer support services
  • Highly regulated swing trading broker

Cons

  • High non-trading fees

7. Merrill Edge 

Integration with the Bank of America makes Merrill Edge a unique swing trading broker. The remarkable broker offers a highly customizable trading platform for swing traders. Thus, Merrill Edge Market Pro allows you to customize the dashboard and analyze the market the way you prefer. Moreover, the platform is continuously upgraded to meet the trading requirements of traders. Idea Builder is a unique feature by Merrill Edge that shows you stocks grouped by themes and ideas. Thus, you can look for stocks in a different way for swing trading. Merrill Edge is also a remarkable broker because it has plenty of useful tools to offer.

Main Features

  • Merrill Edge Market Pro allows you to save up to 25 layouts for your convenience. Additionally, the highly customizable platform provides you with 26 windows for customization. 
  • The broker also gives you access to some unique charting features such as 104 technical indicators, 25 drawing tools, screeners, and strategy builders.
  • Furthermore, Dynamic Insights provides key updates and information about your stocks upfront. Thus you can make timely decisions for swing trading. 

Account Minimum 

There isn’t any account minimum requirement for opening an account on Merrill Edge, too. 

Pairs Offered 

  • Merrill Edge offers multiple domestic stocks listed on the stock exchange
  • Numerous ETFs and options

Fees

  • Merrill Edge also charges $0 commission on stocks and ETFs trading
  • $0 to $0.65 per options contract

Best For

Merrill Edge is best for its powerful trading platform and for being integrated with the Bank of America. 

Regulation 

Merrill Edge is also among the highly regulated platforms regulated by;

  • The Securities and Exchange Commission (SEC)
  • The Financial Industry Regulatory Authority (FINRA)

Funding Methods 

Merrill Edge supports bank transfer, wire transfer, and checks as funding methods. 

Pros

  • Integrated with the Bank of America
  • User-friendly but intuitive platform
  • Highly customizable platform
  • Good customer support services 
  • Commission-free stock and ETFs trading

Cons

  • Limited to domestic stocks offerings
  • Lacks in advanced trading features
  • Doesn’t support credit/debit cards

8. Pepperstone

Pepperstone is another top-class swing trading broker that offers award-winning trading platforms. It allows traders to choose from three different trading platforms, MetaTrader 5, MetaTrader 4, and cTrader. Besides, you can use one account for all three trading platforms. Pepperstone also gives you the opportunity to follow and copy trades of other successful traders on a social trading platform. In addition to being a fast and reliable platform with a 99.99% fill rate, Pepperstone offers several remarkable features. 

Main Features

  • A variety of trading platforms, MetaTrader 5, MetaTrader 4, and cTrader along with Social trading, make Pepperstone a unique platform. 
  • Pepperstone is a safe, fast, and reliable platform at which you don’t need desk intervention to close deals. 
  • Additionally, a demo account gives you the opportunity to see if swing trading really suits you. You can learn and gain experience without risking a single penny of your capital. 
  • Traders can also take full advantage of educational content available on Pepperstone’s website. You can avail yourself of this opportunity to learn the basics of swing trading.
  • Customer support is also available 24/5 during weekdays and 18 hours during weekends.

Account Minimum

There are no account minimum requirements for trading on Pepperstone either.

Pairs Offered

Pepperstone gives you the opportunity to trade on more than 1200+ financial instruments. There are 600+ from the US, 100 from the UK, 200 from Australia, and from Germany shared CFDs for trading. Additionally, you can trade on 100+ ETF CFDs from 35 countries. 

Fees

Pepperstone offers the lowest spread rates. The platform charges commission on Razor accounts only when trading on stocks and Forex CFDs. 

Best For

Pepperstone is best for offering three different trading platforms, no account minimum requirements, tight spreads, and competitive prices.

Regulation

Pepperstone is also among highly regulated trading platforms regulated by;

  • The Financial Conduct Authority (FCA)
  • The Cyprus Securities and Exchange Commission (CySEC)
  • The Australian Securities and Exchange Commission (ASIC)
  • The Dubai Financial Services Authority (DFSA)
  • The Securities Commission of the Bahamas (SCB)
  • The Federal Financial Supervisory Authority (BaFin)
  • The Competition and Markets Authority (CMA)

Funding Methods

Pepperstone supports multiple funding methods such as credit/debit cards, electronic transfers like PayPal, and bank transfers.

Pros

  • Three different trading platforms MT5, MT4, and cTrader
  • Social trading
  • User-friendly interface
  • Lots of educational content 
  • Demo account facility
  • No account minimum requirements
  • Mobile applications for android and iOS
  • Negative balance protection of UK and European clients
  • Exceptional customer support 

Cons

  • Relatively limited variety of available trading instruments
  • Negative balance protection is limited to the UK and European clients

9. Fidelity Investments

Fidelity Investments is another one of the top swing trading brokers that give you access to multiple enticing features. From wealth management to retirement needs and robust trading tools to transparent pricing, everything is available for you. Essentially, Fidelity Investments gives you access to Active Trader Pro which is one of the most brilliant trading platforms for swing trading. Additionally, the industry-leading research and analysis tools are more than enough for a perfect trading experience. Moreover, an investment professional is available 24/7 if you need any kind of customer support. Truly, Fidelity Investments is among the very best swing stockbrokers because of some tremendous features. 

Main Features

  • Active Trader Pro and robust trading tools help you in your swing trading endeavor and also give you an edge over the market.
  • You can also plan, evaluate, and monitor your finances through remarkable tools and calculators.
  • On top of that, the Planning and Guidance Center by Fidelity Investments assists and guides you in creating and tracking progress toward your swing trading goals.
  • Industry-leading investment research and analysis empower you to make informed trading decisions.
  • Fidelity Viewpoints provides articles on the latest market news and commentaries on what is happening in the industry. It also leads you to make informed trading decisions. 

Account Minimum 

Fidelity Investments also doesn’t require any minimum initial investment. 

Pairs Offered 

  • Fidelity Investments offers all stocks listed on the US stock exchange for trading including common stocks, IPOs, and other equities. You can also trade in 25 countries and 16 different currencies to capitalize on foreign stock exchanges. 
  • Additionally, you can also trade on numerous ETFs and options contracts.

Fees

Fidelity Investments charges no commission for online US stock trades and ETFs. Whereas, the broker charges $0.65 per options contract. 

Best For

Fidelity Investments is best for offering the Active Trader Pro platform, unique features like wealth management, industry-leading research, and commission-free stock trading. 

Regulation

The Financial Conduct Authority (FCA) regulates Fidelity Investments.

Funding Methods 

Fidelity Investments supports electronic bank transfers, wire transfers, checks, and electronic wallets like PayPal. 

Pros

  • Robust trading platform with some exceptional tools
  • Latest research and analysis access
  • Commission-free stock trading
  • Covers US as well as stock markets in 25 countries

Cons

  • High margin fees
  • Credit/debit cards are not accepted
  • Difficult to navigate website 

10. Plus500

Plus500 is a classic option for swing traders looking for the best swing trading brokers. The broker offers a robust WebTrader platform and some intuitive tools for swing traders. Additionally, Plus500 is the gateway to endless trading opportunities across more than 2,000 financial instruments. Plus500 is also among the best swing brokers because it presents some really handy features for swing traders.

Main Features

  • The WebTrader platform is one of the most popular and innovative trading platforms. It offers numerous features like risk management and economic calendar. Additionally, you can also get alerts, news & market insights, and much more.
  • The Risk Management tool offers close profit, guaranteed stop, and also trailing stop options for risk management. 
  • You can also get real-time alerts with the Alerts feature. You will receive email, SMS, and push notifications based on alerts of your choice. 
  • Plus500 also offers one of the most reliable and innovative mobile trading platforms. You can do trading even on the go with the help of a simple mobile application with numerous top-quality features. 

Account Minimum

Plus500 requires a minimum deposit of $100 upon opening of account. 

Pairs Offered

  • Plus500 opens the door to stock trading opportunities across all popular markets including the USA, UK, Germany, and more.
  • Additionally, you can also trade on the most popular ETFs and options.

Fees

Plus500 doesn’t charge any commission on stock trading.

Best For

Plus500 is best for commission-free stocks trading, low commodity CFD spread rates and good customer service. 

Regulation

Plus500 is also among the highly regulated brokers regulated by;

  • The Financial Conduct Authority (FCA)
  • The Australian Securities and Investment Commission (ASIC)
  • The Financial Market Authority (FMA)
  • The Financial Sector Conduct Authority (FSCA)
  • The Monetary Authority of Singapore (MAS)

Funding Methods

Plus500 supports bank transfer, credit/debit cards, and electronic wallets.

Pros

  • Supports an extensive range of stocks and ETFs
  • Advanced WebTrader trading platform with innovative features
  • Highly regulated platform regulated by various regulatory authorities
  • Commission-free brokerage services
  • 24/7 and multilingual customer support services

Cons

  • Non-trading costs like inactivity fee
  • Less analytical and research tools as compared to various other brokers

11. Firstrade

If you want to trade fast and wisely, there is nothing better than Firstrade. It is a top swing trading broker that brings powerful trading platforms with powerful tools. Furthermore, the platform is available for every device including desktop, iPad, and mobile phones. Additionally, numerous top-notch features like OptionsWizard make swing trading seamlessly easy. 

Main Features

  • Firstrade provides comprehensive research and reports from third parties including Morningstar Briefing, Zacks, and Benzinga. Thus, you can make smart portfolio decisions. 
  • Firstrade Navigator allows you to customize the platform with layouts and widgets of your choice. Additionally, you can get real-time streaming and market data. Advanced charting and graphs also make swing trading effortless. 
  • OptionsWizard provides excellent feedback on options and helps you make smart decisions. 
  • Additionally, you can set up customizable alerts to get notifications based on those alerts and make timely trading decisions. 

Account Minimum

Firstrade also doesn’t require any account minimum deposit. 

Pairs Offered

  • Firstrade offers numerous listed and OTC stocks for trading. Besides, you can also trade on various popular ETFs
  • Additionally, you can also find options contracts for trading

Fees

  • Firstrade charges a $0 commission on stocks, ETFs, and options contracts. 

Best For

Firstrade is best for some powerful tools and commission-free stocks and ETFs trading. 

Regulation

Firstrade is also a highly regulated platform regulated by;

  • The Securities Exchange Commission (SEC)
  • The Financial Industry Regulatory Authority (FINRA)

Funding Methods

Firstrade supports funding methods like bank transfer, wire transfer, check deposits, and account transfer.

Pros

  • Commission-free stocks and options trading
  • Powerful tools 
  • Highly regulated swing trading broker
  • Customizable trading platform

Cons

  • Credit/debit cards and electronic wallets aren’t acceptable
  • Offers only US-listed stocks

12. Ally Invest 

Whether you want to handle your trading yourself or want automated trading, Ally Invest is among the swing trading brokers that offer you both. Ally Invest offers a web-based HTML 5 trading platform with some valuable tools. Additionally, The Robo Portfolio enables you to fully automate your trading and manage your portfolio for the best. Moreover, if you want to trade on mobile devices like smartphones or tablets, the Android and iOS applications provide you with the perfect cover. Ally Invest doesn’t fall behind when it comes to features offered by the broker.

Main Features

  • Robo Portfolio makes your trading effortless with fully automated trading. The tool also manages and rebalances your portfolio to ensure your trading is on the right track.
  • The broker also provides you with the latest research and market analysis tools to help you make informed trading decisions. 
  • Being a member of the Securities Investor Protection Corporation (SIPC), Ally Invest also offers the maximum protection of your account.
  • Besides, Ally Invest offers a wide variety of financial instruments for trading at very competitive rates including $0 commissioned stock and ETF trading. 

Account Minimum 

There is no account minimum requirement for opening a Self-directed Trading account. However, if you want a Robo Portfolio account, you can start trading with a $100 minimum deposit. 

Pairs Offered 

Ally Invest offers stocks, both long and short, listed on the US stock exchanges.

Fees

Ally Invest charges $0 commission on stock and ETFs trading. However, the broker charges a fee of $0.50 per options contract. 

Best For

Ally Invest is the best for commission-free stock trading, low options commission, and portfolio management. 

Regulation 

Ally Invest is also among the highly regulated platforms regulated by;

  • The Securities and Exchange Commission (SEC)
  • The Financial Industry Regulatory Authority (FINRA)

Funding Methods 

Ally Invest supports funding methods including debit cards, eChecks, wire transfers, and checks.

Pros

  • Powerful web-based HTML 5 platform
  • Device-optimized mobile applications
  • Automated trading
  • No account minimum requirements
  • Commission-free stock trading 

Cons

  • There are inconsistencies between web platform and mobile application

13. eToro 

Finally, eToro is another worthwhile swing trading broker for swing traders. It is also one of the leading social trading and investing platforms. It has been in the industry for more than 14 years now and therefore, is one of the most established trading platforms. Virtual, copy and social trading also make eToro a spectacular swing trading platform. 

Main Features

  • eToro enables you to trade stocks, forex, ETFs, cryptocurrencies, and CFDs on a single innovative platform. 
  • Virtual Portfolio also gives you the opportunity to learn to trade and gain experience without risking your money. 
  • Additionally, the Social Trading feature allows you to capitalize on the benefits of social trading and the combined wisdom of the social community. 
  • eToro also gives you the golden opportunity to copy trades of expert traders through the CopyTrading feature. 

Account Minimum

eToro requires a $200 minimum deposit to open an account. 

Pairs Offered

eToro offers 2,000+ stocks from 17 exchanges and numerous ETFs. 

Fees

eToro charges a $0 commission on stocks trading. 

Best For

eToro is one of the best trading platforms that are best for social trading, copy trading, and zero-commission stock trading. 

Regulation

eToro is also one of the highly regulated platforms regulated by;

  • The Financial Conduct Authority (FCA)
  • The Cyprus Securities and Exchange Commission (CySEC)
  • The Australian Securities and Investment Commission (ASIC)
  • The De Nederlandsche Bank N.V. (DNB)
  • The Seychelles Financial Securities Authority (SFSA)

Funding Methods

eToro offers three funding methods – bank transfers, credit/debit cards, and electronic wallets. 

Pros

  • User-friendly platform with numerous top-quality features
  • Distinguishing features like virtual account, copy trading, and social trading 
  • Very easy and instant opening of an account
  • Commission-free stock and ETF trading
  • Supports a wide variety of financial instruments
  • Reasonable trading fees

Cons

  • Supports only USD accounts
  • High non-trading fees such as the $5 withdrawal fee
  • Customer support can be improved

Swing trading brokers – FAQs

Is swing trading a good idea?

Yes, swing trading is a good idea as it leads to efficient use of the capital and offers higher returns. However, it also has some drawbacks such as higher commissions. 

What is a swing trading broker?

A swing trading broker is a platform that facilitates swing traders in buying and selling financial instruments. Swing brokers generally charge commission for their services. However, compensation methods vary widely from one broker to another. 

What to look for when choosing your swing trading broker? 

Your swing broker is your gateway to profitable trading. Therefore, it is always imperative to choose the best swing trading broker to open the door of myriads of profitable opportunities. So, what makes a good swing trading broker? A great swing trading broker offers the following key characteristics.

  • Regulatory Compliance
  • Powerful trading platform with some powerful tools
  • A full suite of trading products
  • Easy and instant account opening
  • Convenient funding methods
  • Competitive fees
  • Good customer service
Russell Crane

Russell Crane

Russell is an Algorithmic & Technical Analyst Trader @ PatternsWizard.
His passion is to share his knowledge about TA, patterns & more. Why hope for your trading to work when you can precisely know the performance stat of every pattern?

Are Candlestick Patterns Reliable

candlesticksWe loved Marwood Research’s course “Candlestick Analysis For Professional Traders“. Do you want to follow a great video course and deep dive into 26 candlestick patterns (and compare their success rates)? Then make sure to check this course!
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PatternsWizard book - Every Candlestick Patterns Statistics

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"All you need is one pattern to make a living."
- Linda Raschke

Awesome move! We are giving the last touch to the "Every Candlestick Patterns Statistics" book. We are very excited to send it to you right when it's ready. In the meantime, we'd like to gift you our trading roadmap and its best 55 resources. You'll shortly receive an email with the link. Don't miss it ;) Stay tuned 📈