Good Broker for new daytrader...

Discussion in 'Retail Brokers' started by who281, Jan 3, 2009.

  1. who281


    will someone pleasee help me.. i have asked everywhere and gotten NO help..

    I am classified as a "Pattern Day Trader" and i am a very active trader and execute many trades every day..

    but i am still relatively new..

    what is a good that has good comissions, but one that will not screw me over..

    as of now i am only trading stocks/ETF's .. no options,futures...

    Please any ideas would be a great help!
  2. How about a little cheese with that whine?
    Have you considered the search function, or looked at the broker reviews?
  3. who281


    i searched but all i ever find is the best for options not what im doing..

    and i have researched plenty of firms and it seems IB is a good choice..

    but im just trying to get some opinions..

    im sorry im not trying to be lazy or annoying.. i just would like a few ideas since im new at this
  4. Go to just2trade , 2.50 commissiona , 3 1/2 %margin . I've been with them for few weeks , so far so good , fast executions , free API.
  5. who281


    thank you sir! thats all i was asking.. just some ideas

    because i need to get away from E-Trade!
  6. If you gonna use margin make sure i'ts below4 % , most firms charge above 6 %. Just2trade , IB and tradeking have very good
    margin rates .
  7. Etrade is an expensive broker , I would pick either Just2trade
    or IB , both have web-based platforms as well as direct access.
  8. nursebee


    Go to the top of the screen and click on that thing in green that says "brokers". Read. Nuff said
  9. IB with QT or sogo elite if you do not want futures.
  10. Just2trade platform looks too tedious for scalping. Can't send quotes to quotetracker.
    #10     Jan 4, 2009