Best broker for day trading SPY ETF

[Jon Lexington]

this is a nice thread thank for sharing a lot of information its a big help for new Trader like me.

does anyone know of a profitable emini trading system? I've heard some nice things about tradeyourfutures.com

 

[rmorse]

Quote from KINGOFSHORTS:

That pretty much kills day or swing trading. A few trades and your account practically becomes a type 1 cash account.

NOTHING is ever free. Some brokers offer "free" trading platforms and "free" live quotes, then charge more than others for transactions and margin interest. Some brokers offer lower transaction fees, but use a "smart" router that is smart enough to route orders to where the broker gets paid for order flow, not where the best execution will take place.

It's always a balance and the trader/investor needs to be informed enough to choose what's best for them and their trading style. Our clients are willing to pay for their trading tools, platforms, fair execution/interest fees based on volume and in return get the choice of two Prime Brokers, the choice of many platforms, the choice of where their orders are routed and a high level of customer service normally reserved for large hedge funds.

Unfortunately to provide this level of service, we can't accept small retail accounts. So when ever someone is looking for the "best" broker for their trading needs, the answers is never simple.