Day Trading Brokers?
I recently picked up day-trading as a hobby and have actually been doing fairly well. I previously had an account with Trade Kings but they suspended me from day-trading because i did not have 25k in my account. I do not have 25k to invest at this time and want to continue day-trading. Does anyone have any suggestions for brokers that I can daytrade with where there is no minimum balance required? Please advise.
Started using Colmex. They're off shore but registered and (importantly) your account money is insured thru the EU. They have a demo account and their live account is free. Believe minimum opening balance is 250 USD with a 20:1 margin. You do not need 25K to day trade and their are connected to the Tradenet chatroom which costs $120 per month. Their minimum commission is $4.95 per trade plus a cent per share. From what I've seen that is a good price. Oh, if you use CFD's their net is super fast and you can short virtually anything, including some IPO's. Check them out
The Interactive Traders is best, Though they have been adding features for less frequent traders over the last few years, their priority is keeping fees down. The speedy downloadable platform, Trader Workstation (TWS), includes dozens of professional-grade trading algorithms, such as the Adaptive Algo, which finds better prices for filling orders. You can customize the algorithm to fill your market order at the midpoint between bid and ask, thereby seeking opportunities within the spread to chisel a fraction of a penny more for your profits.
To learn how to make money with trading, there are different methods, I suggest reading through the forum posts on this site. If you follow the instructions you will be able to make money with online trading!
Forex brokers offer different trading accounts according to trading flavor and styles of traders. Nowadays every trader is able to make his trades on the bases of economic news or trading in the day to earn his profits from the world's best and most lucrative market. Day trading is a good opportunity for those who can never make trades at night.
Hi there! I am very glad to read that ! Trading is actually very difficult, and it's surprising that you are doing well just from the start. I would suggest working hard, and one day you will become a truly successful trader. It can be very profitable, if you are really good at that. It has taken me 3 years to understand everything. But I can definitely say that it paid off, because now I am working on Investous trading and I earn a lot of money. If you're looking for a good broker, this is the best one in my opinion. Good luck to you, friend!
For forex traders will suggest IQ options. Any indian market traders can go with upstox, zerodha, sharekhan, profit mart. Thanks