What are some good brokers for daytrading stocks under $5? Simplicity, price?

Discussion in 'Trading' started by chi321, Dec 12, 2012.

  1. chi321


    Got marked as a pattern day trader in my fidelity account. I don't have enough money yet to keep it at a 25k value (Minimum for daytrading). So I am choosing to sign up for 2 or 3 brokers. Than do a few day trades off each account each week so I do not get marked as a pattern day trader in any of the new accounts.

    What are some good inexpensive online brokers, my trades are on the smaller side so high commisions are a no for me. Also sometimes I trade stocks under $1 so which brokers do not have additional fees for "penny stocks". Also simplicity/ease of use is important.

    Would love some recomendations.