I have lightspeed and love it, except they don't have any shorts available for low priced stocks. (under $10) It sucks because I really like their platform, the fast executions, and the level 2. so far all I've seen people suggest are interactive brokers and etrade. any others? does DAS trader have shorts available?
Hi dvrkbxy, I do not know who you are but have you tried the Velocity Capital locates? They are expensive but very popular. Bob
Interactive broker actually has a public short locator https://www.interactivebrokers.com/...&ib_entity=&ln=&asset=&f=4587&conf=am&amref=1 So you can see if it has the shares you want to borrow. Its actually really good. However, from what I can tell, the best one for shorts is TradeZero, they sometimes have hard to borrow fees for some stock shares but they normally have most stocks available The worst one is TD Ameritrade. Do not even think about that broker if you like shorting.
hmm never heard of velocity capital, their website doesn't really look like a broker. I have heard of trade zero but they are an offshore broker, which are known to be sketchy.. apparently people have lost a lot of money using those types of brokers. I use TOS for charting, but yea I would never use TDA for trading lol
It is the tool built into LS trader and Sterling but it require a request to enable it. If you have a salesperson, email them that you want it. If you do not, email support with that request. FYI-TSLA is just used an an example. It is ETB right now.
wow, that is pretty neat. Have you used this feature in LS before? Like how long does the process take usually? I ask because I am a day trader and so time could be an issue..
You get a response from the request in less than a second. You see the cost and say yes or no. If you accept the charge you can enter a sell order immediately.
Dunno if it's true, but i always heard it said, that the larger the broker, the more shares they have available to lend / to short. Makes sense. If that is so, then you might want to go with one of the top 4 https://www.investopedia.com/articles/professionals/110415/biggest-stock-brokerage-firms-us.asp