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They let me pay 20% tax on my IRA withdrawal at the end of the year (as opposed to withholding it upon the withdrawal).

Will do. Although it will be a couple of weeks before my IRA account is opened and then another 2 weeks to a month before the IRA account is closed and the daytrading account is fully setup.

Thanks to all the posters and Euler in particular. I'm going to go with Lightspeed (there is another thing tax-wise they can do for me that IB has refused to). After I get more experience (and hopefully more money) I will check out Genesis and Assent as well.

Thanks for the advice but that won't work for me. I don't want to trade more than one stock at a time, let alone split my attention between two brokers. Not to mention I would need 50 grand instead of 25 to be able to daytrade with both.

Do you know whether their execution speed is better than Lightspeed's?

Thank you, very much, for this info. At this point I am open to any advice or piece of information. The more the better. Feel free to share any trading-related bit you'd like. So to recap, the SMART vs. exchange specific order differs mainly in fees, not in speed of the execution, correct...

Thank you for the answer. Yes, I will be doing a relatively small volume (at least to start). The account probably will have around $25-30K and at that amount I doubt I will excede a million shares a month. As for what I will be doing... At the moment I am practicing on the Lightspeed demo...

I am about to open a daytrading account and I narrowed it down to 2 brokers: Interactive Brokers and Lightspeed. I'm wondering if there are people who prefer Lightspeed to IB and why? Lightspeed appears to be slightly more expensive but I do like their platform better (perhaps because I...

Yes, I am. And a US citizen. And while I'm not happy about the PDT bullshit (and a lot of other crap, especially the last 8 years) I wouldn't live anywhere else. Sorry, Belgium. :D

Yes, if you can post (or PM me) a list of these brokers that would be greatly appreciated. I am at the stage where I try to get as much information as possible. I read everything and then sift through it once I feel I know enough to make an informed decision. Please do PM me the futures...

I am actually reading a book on futures right now. But I'm not sure it's for me. Stocks seem more straight forward. What's a good place to try a futures demo?

OK, so in other words if I use all the money in my account to buy a stock I can't do anything after selling it for 3 days? Wow. The $25K rule is bad enough, now this? Me not happy. :(

What makes you think I think I'm ready for trading? Can somebody just answer the question please?

Sorry if I sound like a retard but what you just said appears to be a contradiction. You say I can buy and sell whenever but on the other hand the money is not available for another trade for 3 days. If money is not available for another trade, how can I buy a stock whenever? Can somebody answer...

Thanks for the answer. But can you please tell me if I have a non-margin account, am I able to buy a stock today and sell it tomorrow? Also can I sell a stock and buy another one the next day? Or do I have to wait 3 days before I can do either one of those things?

What does that mean? Does it mean I can't sell it for 3 days? Sorry, I'm new to this - just trying to learn things.