What online brokerage gives me the best options?
I am wanting to find an online broker for very aggresive trading. Who would you recomment? Cheap per trade is important to me then having a wide range of stock options. Wow great responses guys, thanks! I will definately look into Scottrade!
Public Comments
- I use scottrade. They are $7 a trade, but that has nothing to do with using them. I am a trader, I like their Level 2 quotes. They have many things for active traders and they are free. Free if you keep $25,000, and if you are going to be a day trader you will have to keep that amount. SEC/NASD rule.
- I use Scottrade. You might want to look at Interactive Brokers for your style of investing. Also, cheap cost per trade can cost more money in the long run with slow execution speed, higher rates on margin interest, low money market yields.
- Interactive Brokers is most suited for aggresive traders. they are super cheap but do not expect good service from them. Once you are used to their system, it should be very good. I make much faster using them than any other brokers
- I like TD Ameritrade..scott trade is good too.............
- Reliance Money emerged as the cheapest trading account in the world. Many readers are asking about their fee structure and other details. Even though it is not a safe option of day traders, Reliance Money is the better option for cost conscious investors.
- Cheapest does not always mean the best. Open several accounts for different trading purposes. The cheapest in he market charges about $1.00 per contract. Go to MB trading
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