TD Ameritrade 300
TD Ameritrade rating

Best Broker For Swing Trading. Top Swing Trader Platform in 2020

Top brokerage firm for swing trading stocks, forex, and ETFs. Online broker with best platform for swing trader.

What is Swing Trading?

Swing trading is typically defined as holding a position for a period of at least one day but for a maximum of 10-14 days. This position can be held in stocks or option contracts. Swing trading can possibly net smaller gains than traditional long-term investing in the short term but over an extended period of time if those small gains are compounded it can turn into a substantial return on investment.

Who is Swing Trading For?

Swing trading is for investors who have a higher risk tolerance than conservative long-term buy and hold investors but do not want the increased risk involved with day trading. Swing traders do not have to sit in front of their trading platform all day like day traders but still have to keep an eye on their positions consistently unlike long-term investors. Swing trading is best for someone whose confidence will not be altered by having to cut losses quickly and wants to implement a considerably aggressive investing strategy.

Swing Trading with TD Ameritrade

TD Ameritrade is a publicly traded (AMTD) brokerage firm offering investing products to clients worldwide. Ranked number 1 overall broker by, TD Ameritrade is an industry leader in swing trading. With TD Ameritrade several options exist to execute swing trades including a web-based platform, desktop-based platform, and a mobile app.

The web-based platform is a worthy option for swing trading and executes trades exceptionally but does not offer the advanced tools or analytics available on the desktop platform. The desktop platform “thinkorswim” features the most advanced tools and analytics ideal for serious swing traders. Finally, the mobile app which is the number 1 trading app on the Apple app store is a beneficial option for traders on the go who must be mobile but do not want to miss out on rapidly changing market trends. All three platforms are free to use outside of the usual trading fees.

Best broker for swing trading

Benefits of TD Ameritrade

As an industry leader TD Ameritrade offers many benefits and options not every brokerage can offer swing traders. To new clients TD Ameritrade offers commission free trades plus up to $600 bonus ( link: Trade stocks and ETFs for free + get up to $600 bonus. ) If traders are not ready to dive into their swing trading strategy immediately they have the option of “paper trading” which is essentially a test account allowing the testing of strategies without committing real money. Once ready to start executing real trades the benefits only expand.

Swing Trading Platform

The average execution speed of TD Ameritrade trades is less than 1/10th of a second. While over 98% of orders are executed at a better price than the nationally published quote at the time of purchase, both statistics being industry leaders.

thinkorswim - Best Swing Trading Platform

Thinkorswim is the most advanced platform offered by TD Ameritrade and the preferred method for swing trading unless the mobile app is the traders only available option. Since swing traders rely heavily on technical analysis to identify trends and then capitalize on those trends the tools available in the desktop-based platform are invaluable. There is over 400 technical studies available just a few being support, resistance, candlestick, and profile while even the most advanced traders can build their own algorithms with “thinkScript”. The speed and reliability of the thinkorswim app lets traders cut losses quickly if they must or hopefully capitalize on profits before the market moves. Whether shorting a stock and buying put contracts or purchasing shares and buying call contracts every order type possibly desired is available.

Best broker for swing traders

TD Ameritrade Rates and Fees

The standard fee for stocks trades is $0 per trade and is also one of the lowest in the industry. Option contracts are also $0 per trade plus $0.75 per contract. Both of these are very competitive versus comparable brokers making TD Ameritrade a great option for swing trading when every cent factors into the return on investment.

Open Account

Open TD Ameritrade Account

Margin Accounts

Margin accounts can significantly increase profit potential when more funds are available to trade with. The minimum account value TD Ameritrade requires for a margin account is only $2,000 making trading power $4,000 or double the account value. Margin accounts are assessed at an annual base rate. The base rate is then adjusted up or down depending on the account value with a maximum rate of 10.25% for accounts valued at $10,000 or less and then decreasing below the base rate of 8.25% with an account value of $50,000 or more. Flexible margin account requirements and low interest rates create a great opportunity to grow an investing portfolio at an accelerated pace.


Top Broker For Swing Trading Summary

Well suited for a bullish or bearish trader, beginner or the more advanced trader, a large account value or someone just starting their swing trading journey TD Ameritrade offers the best means to obtaining swing trading goals for everyone. Everything a swing trader could possibly need is available free to use be it the advanced tools and metrics in thinkorswim or the mobile app that allows trading on the go.

Thanks to the best swing trading platform, excellent charting, and the number of extremely useful tools, TD Ameritrade is rated the best broker for swing trading stocks and ETFs in 2020.

Open TD Ameritrade Account

Trade stocks and ETFs for free + get up to $600 bonus.

Open TD Ameritrade Account