Answers
I'm tired of waiting for funds to settle, and only being able to day trade twice a week... are there any online brokers that have no funds settling time, and allow you to day trade more? I only have 730$ at the moment...
Personally, I think Sogotrade is best among all online brokerages. You can get a lot of free trades: about 100 free trades with 500 minimum deposits. It has very good customer services, it also has live help, and you can chat with representatives about any question. After that, only 3 dollar for each trade, pretty sweet when compared with other online brokerages.Referral code: 453934
I've been doing a lot of research and I think I'm ready to begin day trading. What is the best online stock broker for day trading? I'd be making a ton of transactions and would need minimal to no processing times for my orders. Can anybody help?
Thanks.
I watch a day-traders chat room at green on the screen...and they all seem to use Scottrade...plus others...but Scott provides many of the " movement" screens that they employ.
TD Ameritrade, E-Trade, ect.
Interactive Brokers, dirt Cheap, poor platform, poor customer service.
ThinkOrSwim, Best platform, great charting, great training, very good customer service, good pricing.
Terra Nova Trading, 3 platform offerings (best is RealTick), good customer dervice.
Tradestation, good platform, good reputation.
TD Ameritrade & E-Trade are not true "day trading" platforms.
I've done some minimal day trading in the past and am looking to get more serious with it. I know you need a minimum $25,000.00 balance and all....I'm just curious to hear from other day traders which broker they use and if they are happy with the service. Thank you.
I have used Scottrade for several years with very good service. Buy/sell execution speed is very fast (usually within 1-3 seconds) and they also have local offices with real people to help you.
Still $7 per trade.
For example, if you have less than 25k in both accounts, you are only allowed to do 3 day trades in a 5 day period. Can you get around this by having 2 accounts?
Sorry. Each account must qualify on its own.
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