Which is the best????

[TJBELL]

company to do trades with and why.

Ameritrade

E Trade

etc etc

Am going to try to do some day trading and wasn't sure which one to pick.

Not sure on deposits, commissions, free real time quotes, withdrawals, etc

Help!!!

Thanks!!

 

[worm44]

TJ--be sure you Really know what a day trader is before you say you are one....what I mean is there are laws and rules through each and any brokerage you use about day trading--You are only allowed X amount of trades (buy/sell) in any giving day before they call you a daytrader, and then you are under certain restrictions and minimum deposit requirements...

Here is what I suggest:

If you have less than $25,000 to fund your account-forget the term daytrader...

If you have between $10,000-24,999 to start I suggest you get a Margin account.....

If you have $1000-$9999 go with a cash account.....

For all these choices I would use Etrade- hands down-best customer service, best and easiest use of website, great rates on trades etc...Any other specific questions I will answer anytime good luck.............

 

[johnnyb.]

i wanted to find aN ONLINE brokerage firm as well, will look at etrade as well... thanks!