VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Thursday, September 25, 2025

View All Order Book / Level II Tools Back to Categories

Top Order Book / Level II Tools for Investing

Community-ranked order book / level ii software ordered by net upvotes with starred picks breaking close calls.

Every entry here is part of our living directory of order book / level ii software for investors, traders, and analysts. We surface tools that earn consistent upvotes from the community, highlight trusted platforms we’ve personally vetted, and track popularity shifts so research, screening, and execution workflows stay current. Use this page to compare pricing tiers, platforms, and capabilities side by side, then dive into individual reviews for deeper due diligence.

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Use this shortlist to zero in on the order book / level ii standouts, then pop over to the Find My Moat home page for curated collections, AI-guided discovery, and deep comparison filters across more than 205 investing tools. It’s the quickest way to shape a modern research, screening, and execution stack without getting lost in tabs.

See all 9 order book / level ii tools Discover the full investing catalog

Ranked tools

1
DEGIRO
European brokerage offering access to more than 45 exchanges across around 30 countries. Pricing is commission-based rather than subscription. Real-time quotes are available as per-exchange paid add-ons, while free quotes are typically delayed by 15 minutes. Short selling and derivatives access require an Active, Trader, or Day Trader profile. Certain order types (e.g. trailing stops) are only supported on select venues. U.S. BATS quotes become real-time after executing a U.S. trade and remain active until the end of the following month.
Pricing: OtherPlatforms: Web, Mobile
Categories: Brokerage • Portfolio • Watchlist • Advanced Order Types • Smart/Direct Routing • Order Book / Level II
2
Interactive Brokers
A global, multi-asset direct-access broker with coverage across 160 markets in 36 countries and 28 currencies. Crypto trading and some services vary by region (IBKR Crypto is powered by Paxos or Zero Hash where supported). Client APIs include the Client Portal Web API and TWS API; retail users authenticate via the local Client Portal Gateway, while OAuth2 applies to approved web integrations.
Pricing: OtherPlatforms: Web, Mobile, Desktop, API
Categories: Brokerage • Paper Trading • Advanced Order Types • Smart/Direct Routing • Order Book / Level II • APIs & SDKs • Data APIs • Portfolio • Watchlist • Risk Metrics (VaR/ES/Drawdown) • Scenario & Stress Tests • Performance Attribution • Options & Derivatives
3
TradingView
A global, multi-asset charting and trading platform with advanced analytics, strategy backtesting, and broker connectivity. Features include Pine Script® v6 for custom indicators, server-side alerts, options chains with strategy builder, and multi-asset screeners. Real-time data feeds are sold as add-ons, with availability and pricing varying by exchange and region.
Pricing: Free, SubscriptionPlatforms: Web, Mobile, Desktop
Categories: Screeners • ETF Screeners • Stock Ideas • Data Visualizations • Options & Derivatives • Portfolio • Watchlist • Backtesting • Paper Trading • Advanced Order Types • Smart/Direct Routing • News • Alerts • Calendar • Order Book / Level II • Dividends • Splits • Financials • ETF Overview • Forums • Education
4
Charles Schwab
One of the largest US brokerages, combining commission-free stock and ETF trading with deep functionality through the thinkorswim® platform suite (desktop, web, and mobile). Options are priced at $0.65 per contract, with 24/5 trading on over a thousand stocks and ETFs. Investors can trade futures and forex (approval required), use paperMoney® for risk-free practice, and even buy fractional shares of S&P 500 companies starting at $5 through Stock Slices®. Schwab also provides flexible alerts, advanced order types, tax integrations, and access to research and screeners—all backed by decades of brand trust.
Pricing: OtherPlatforms: Web, Mobile, Desktop
Categories: Brokerage • Portfolio • Watchlist • Options & Derivatives • Paper Trading • Advanced Order Types • Smart/Direct Routing • News • Alerts • Calendar • Order Book / Level II • Videos • Blogs • Newsletters • Screeners
5
Fidelity (Fidelity Brokerage Services LLC)
A leading U.S. brokerage offering commission-free stock and ETF trades, plus robust platforms for both casual investors and active traders. Options contracts are priced at $0.65 each. Advanced conditional order types and streaming Level II data are available through Active Trader Pro, Fidelity’s professional desktop platform.
Pricing: OtherPlatforms: Web, Mobile, Desktop
Categories: Brokerage • Portfolio • Watchlist • Advanced Order Types • Smart/Direct Routing • Order Book / Level II • News • Financials • Options & Derivatives
6
Hong Kong Exchanges and Clearing (HKEX)
The official exchange site for Hong Kong. Provides free access to company filings via HKEXnews, corporate calendars, and market alerts. Real-time and historical tick data, as well as full order book feeds, are available through paid HKEX Market Data Services and the Data Marketplace. Quotes displayed on the public website are delayed by at least 15 minutes. Mobile apps include a Stock Options app with real-time options and selected futures data.
Pricing: Free, SubscriptionPlatforms: Web, Mobile
Categories: News • Alerts • Calendar • IPO • Dividends • Splits • Buybacks & Authorizations • Order Book / Level II
7
NYSE (Exchange Data & Tech)
NYSE offers proprietary exchange data across equities, options, and bonds. Real-time feeds cover order books, trades, quotes, and imbalances, while consolidated products like BQT and Pillar Depth provide multi-market views. Historical TAQ and corporate actions are delivered end-of-day or T+1, with 60+ event types tracked. Data is distributed via ICE networks and AWS, with licensing handled through the Data Services Dashboard.
Pricing: SubscriptionPlatforms: Web, API
Categories: Data APIs • Order Book / Level II • Odd Lots • Dividends • Splits • Spin-offs • IPO • Delisted • Short Interest
8
OTC Markets
Primary operator and market data source for U.S. OTC equities via OTC Link ATS/ECN/NQB (SEC‑regulated ATSs). Commercial data products include Real‑Time Level 1+ (inside quote & trades), Level 2+ (full quote book with MPIDs), 15‑minute delayed Level 1+, End‑of‑Day, reference/security master, and compliance datasets (Blue Sky, Promotion/CE, Compliance Analytics). Delivery options include real‑time multicast feeds, SFTP/FTP files, and a REST Disclosure API. Website provides delayed quotes, corporate actions, screeners and issuer news (DNS).
Pricing: Free, SubscriptionPlatforms: Web, API
Categories: Data APIs • Order Book / Level II • News • Ticker Changes • Splits • Dividends • Regulatory Filings Monitoring • APIs & SDKs • Screeners
9
Robinhood
Robinhood is a US and UK brokerage offering commission-free trading in stocks, ETFs, and options, plus access to futures and crypto. Options carry per-contract fees. Robinhood Gold ($5/month after a 30-day trial) unlocks Nasdaq TotalView Level II, Morningstar research, larger instant deposits, and a 3% IRA match for eligible customers. The platform also offers 24-Hour Market trading on select symbols, real crypto wallets with deposits/withdrawals, and an accessible mobile-first design.
Pricing: Free, Subscription, OtherPlatforms: Web, Mobile
Categories: Brokerage • Portfolio • Watchlist • Options & Derivatives • Advanced Order Types • Order Book / Level II • News • Downloadable Tax Reports

Information

About Me

Hey! Thanks for stopping by. I'm an independent investor with a soft spot for coding and the stock market - especially value investing (as you can probably tell from the tools I've collected here, haha). Hopefully you'll find something useful or interesting along the way.

Find me here:

Twitter / X: @Jera_Value
Substack: Jera Value

Got questions or suggestions? I'm all ears!

Missing a Tool?

Discovered a gem I don't have here yet? Drop the link below and I'll check it out ASAP. Tagging me on X works too! Can't wait to see what you've found!

Got ideas for new features?

Starred Tools

These are my top picks. Tools I've tested thoroughly and found to be excellent. They do their job really well, and I use them a lot. If you're not already familiar with them, I highly recommend checking them out.

Tested Tools

These are tools I've tried and found to be solid, but not standout. Think of them as passing an initial quality screen: worth exploring, though not all will be exceptional.

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.