The good news is the answer is a definite “Yes” although without doubt, there’s still less trading software on a Mac than on Windows computers.
The reason why there’s still more stock trading tools and platforms available on Windows is obvious. Macs still only represent a little over 10% of the computer market compared to Windows which still dominates.
It definitely has nothing to do with performance though. Macs and MacBooks can easily handle the most important requirements of traders such as:
- The ability to have multiple browser tabs or trading apps open
- A high quality display or monitor – all new Macs have incredibly high definition Retina displays with True Tone technology which adapts to your ambient lighting.
- An accurate trackpad or mouse
- Lightweight design for trading on the move
- Long battery life so that you don’t miss a trade due to a sudden flat battery
With this in mind, here are six reasons Macs and MacBooks are ideal for trading.
1. Mac Trading Software & Platforms
More importantly, most trading apps and software are switching to the Cloud meaning Mac users can use them in any browser such as Chrome, Firefox or Safari.
For example, TradingView is one of the best stock charting and analysis tools out there and yet there’s no Windows or Mac desktop client. It’s hosted entirely in the Cloud so it really makes no difference if you’re using Windows or macOS.
It now even allows you to trade from your Mac by connecting it to popular brokers so even if a broker doesn’t have a Mac desktop client, you can use it via TradingView too.
2. Macs Can Run Windows
You can easily run Windows on a Mac and switch between macOS and Windows at the same time.
Virtual environments such as the incredibly easy to use Parallels allow you to install Windows 10 on your Mac for free and switch between macOS and Windows instantly.
This gives you the best of both worlds so that you can continue to enjoy using Windows trading software you simply don’t want to leave behind when you switch to Mac.
It means for example that can run MT4 on a Mac as MetaTrader isn’t available for macOS.
It’s not so simple on the other hand to run macOS on a Windows PCs. This is known as making a “hackintosh” and there’s no official software than can help you do it.
Anyone that’s used both Macs and Windows PCs will tell you that Macs are more reliable than Windows PCs in the long run.
The macOS infrastructure is far more stable than Windows, it doesn’t slow down as much over time and there are far less security and stability ssues compared to Windows.
Traders using Windows spend more time dealing with bugs, performance issues, malware and virus threats that could be spent analyzing the market and making trades.
4. Cost Effectiveness
The cost of a Mac may be roughly twice that of a PC laptop but it’s a drop in the ocean if you’re making serious money trading.
You’re also getting a machine with a much higher build quality in a Mac which will last longer than a PC laptop.
You can expect the average MacBook to last at least 10 years by which time you would probably have gone through 2 or 3 Windows PCs or laptops.
You’ll probably find stories of people that are still using Macs even longer than this although as the hardware becomes more obsolete, they usually can’t run the latest versions of macOS which poses software compatibility issues.
In the long run, a Mac is a better long term investment even if the initial outlay is bigger.
Macs are generally quicker to boot than Windows PCs which inevitably slow down over time as they get bloated with Windows updates, security software and other programs.
Time is of the essence in trading and being first to the trade can make the difference between a profitable trade and nothing.
If you want to speed-up your Mac, Macs are also now far more scalable thanks to the advent of eGPUs for Mac.
These external processing units can vastly enhance the graphic processing capabilities of your Mac if you want to increase the amount of trading apps or monitors that you are using at one time.
6. Integration with iOS
Increasingly, more and more trading is being done via mobile devices. There’s no competition between Windows and Macs when it comes to mobile integration between macOS and iOS.
The introduction of Continuity in macOS makes it easy to pick up where you left off on your iPhone so for example, you can monitor stocks on your iPhone or iPad using Apple Stocks and then carry on with Apple Stocks on your Mac later.
With Sidecar in macOS Catalina, you can now also turn an iPad into a second trading monitor if you wish.
The less time as a trader you spend trying to get your devices to communicate, the more time you can spend on trading.
What’s The Best Mac Day Trading Setup?
The best day trading setup with a Mac really depends on whether you plan to trade from the same place everyday or be more mobile and trade from anywhere.
If you’re going to be in an office or at home, then undoubtedly an iMac is the way to go due to both the huge 27 inch 5K screen and processing power.
You can see one trader’s impressive apple day trading setup below although you really don’t need anything this elaborate to get trading on a Mac.
What’s The Best Mac For Trading?
Again, it depends on whether you want to be able to trade anywhere or just in a home/office.
Any modern Mac will more than satisfy the demands of trading and if you’re going to be in at home or in an office most of the time then an iMac is the way to go.
If you’re going to be trading from different locations then the MacBook Air would be perfect for those that like to be flexible where they trade.
The MacBook Air is incredibly light and portable at just 2.75 lbs and yet the spec more than enough for trading with an impressive 12 hours of battery life.
- CPU: 1.6GHz dual-core Intel Core i5
- RAM: 8GB
- Storage: 256GB SSD
- Display: 13.3-inch LED-backlit display with IPS technology
- Weight: 2.75 Pounds
- Battery Life: ~ 12 Hours
However, if you wanted to be mobile but want more power to run Windows on your Mac too, then you’re better off going with the MacBook Pro.
It’s heavier but is better equipped to run virtualization software or run Windows using Boot Camp on your Mac.
It’s important to remember that no Mac can make you a better trader. Like any job, trading requires a disciplined, methodical approach and whether you use macOS or Windows, ultimately success will come down to your trading skills rather than the trading setup you’ve got.