Brokers

Choosing Broker

Recommended Brokers

Starting out as an investor, selecting your ideal broker is often very different without doing your research and knowing which broker fits your trading style.

The choice between an online broker and a full-service depends in large part on the complexity of the trading style you plan to do, how much money you plan to invest, your level of experience, and the amount of time you prefer to spend managing your money.

New Traders are not aware of the Pattern Day Trader (PDT) rule in U.S.
You are required to maintain a minimum balance of at least $25,000 in your brokerage account. (If you are not aware of Padding Day Trader, Take look at this page


We will walk you thru the best fit for your Trading and Investing need
If you have never opened a stock trading account before, Included is some informative information that will help you choose a Brokerage Firm.

Broker Fees and Charges
Before you open an account with any brokerage firm, you should review their fees and charges, if you do not understand fees, contact them with any questions you have. There are multitudes of fees from margin, phone orders, charts, ECN, level 2 and more.
The fees and charges can make or break you.

Type of Account that matches your trading style

Most brokerages offer a variety of accounts, options, including retirement accounts, taxable accounts and custodial accounts. Depending on the type of account you want to open, there may be additional fees or charges associated.
Most brokerages allow investors to trade and invest in standard securities, such as stocks forex, OTC, commodities, bonds and funds, but not all brokerages allow investors to invest in more complex or riskier investments, such as penny stocks, foreign currencies, or options. If you want to invest in these types of securities, then you should be looking for a brokerage that offers these investments at a reasonable cost.

Investors Account Minimums
Some brokerages require very high account minimums to open an account (especially full service brokers), whereas others have no account minimums. Some may also require their customers to maintain a minimum balance in the account to avoid additional fees. If you are new to investing or have little to invest, few brokers cater to investors that maintain minimal funds.

Speed and Performance
Trading in the markets at real time, you need the speed of execution the trade with the performance and stability of the software. You will need every edge you can get, seconds can cost you thousands.
What type of platform, tools, technology, and the pricing the brokerage firm offers?  You will need to weigh out odds, the pricing may be high for a reason, do to their platform and speed of transaction without any delay and errors.

Pattern Day Trader
If plan on actively trading, and  executing four or more day trades in five consecutive business days, provided the number of day trades is more than 6% of the total trades in the account during that period. In the U.S.A, you will be classified as a Pattern Day Trader PDT you are required to maintain a minimum balance of at least $25,000 in your brokerage account.
 If you are a New Traders and not aware of the Pattern Day Trader (PDT) rule in U.S, Take look at this page
 
Brokerage offer incentives or Sign up Bonuses.

Most Brokerage has a sign up incentives or bonuses for a new account.
Popular perks that some brokerages offer are commission-free exchange traded funds (ETFs), no cost for executing trades, free commissions for trades, bonus to your account, incentives and bonus
Will depend how many trades executed weekly and how much you fund your account.


Customer Service
Type of customer services does the brokerage provide, online, phone, and e-mail.
Some brokerages have easier to use websites and better customer service than other brokerages.
For certain investors, a good customer service that responds quickly is a make or break.
,it’s good to know that you can message, call or email a customer service with any type of situation and respond promptly with appropriate outcome.
Find the brokers who will make the effort to care about your concerns.
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         Broker Commisions
Brokers  Name
Minimum
         Types of Investments
Based on the above Brokers, we listed them in Alphabetical order for ease based on name, commissions, minimum open/invest and types of Investments they have.
Each individual Brokers may change their status any time. The list of Brokers may meet your needs or not, it is up to you to match the best Broker for your trading.

The list of online trading brokers might be different for you than it is for us.
Depending on your funds, you may want to look into more than one broker for your type of trading.
We use sevral Brokers that meet our needs,
The following that we use are.
1. Suretrader has a good list of shorts and if you reside in US, do not have to go by the (PDT) Pattern Day Trader rules.
2. Onetradex, they have an excellent list of shorts.
3. Etrade, they are excellent on penny stocks, options, ETFs, Mutual Funds, Bonds and they integrate trade ideas scanner into their platform     without any additional fees.