I'm new to trading and do not have the 25k needed for the pattern day trading rule yet. Anyone use Suretrader that can tell me if it's worth it? And your experience with them? Thanks in advance.
From what I understand, customer service is horrendous but DAS is a good platform and the clearing is decent. You can also negotiate commission prices.
I wrote a extensive report on Speed-Trader (Sure-Trade) is using the same platform, unless you plan on shorting stocks "hard to borrow" with Timmy Sykes you might be better off using a cheaper brokerage, Brokers where the costs are really low. Not all cheap brokerages are the same, E-Option is the cheapest stock brokerage and great if your buying Options and time is not of the essence. $3.00 plus $.10 per contract, the only problem is their website is slow if your not using the direct access platform (Sterling) which is great.
JesseJamesFinn is right. You might be better of using a discount brokerage with a good platform like e-option or Tradier.com
Do you plan on day trading stock options, you can do this in a Cash Account but your going to have to have total control over your emotions. Using all your buying power on one trade will piss you off if your wrong. By using little Brokerages like Just2Trade with a "Cash Account" , you can make decent gains even if your trading with $5-$20,000, you must be disciplined not to spend all your BP and trade Options with tight-spreads. Options settle overnight so your BP Is refreshed daily, hope that helps. I would pay up and go with Just2Trade over E-option, their platform is really bad but cheap.
Suretraders told me to have a 10:1 account you need $100K , they have to be on crack. With their reviews online they can believe anyone would be that foolish.