looking for a broker catering to day traders without the BS
- Thread starter cashclay
- Start date
suretrader is fine for what you're asking, they had a lot of fees though.. Half of my loses were fees to them when I first started trading, I'm now with IB. It's 120 for the platform per month 5 dollars a trade plus .005 per 1000 shares after and ecn fees which is another .003 per share. They also decided to be scummy and charge me for the platform 2 days after I started the account, so they charged an entire month and it was back to back 120 starting the new month. I didn't think it was worth it at all
Last edited:
“without the pattern day trading rule” what dose it refer to ?
Ib is really good, I'm referring to how expensive suretrader was. I'll be honest with you, you're better off saving up and going with a good broker. In my opinion suretrader gouges small accounts, but if you're just looking to trade and think you're good enough then It doesn't matter. Go check out suretraders reviews though, those will give you a good idea
With that mentality, you'll likely never see your account grow to $25k either.
but... but... but... He does have a plan
You want a "bucket shop" who violates the laws, and way it would work is they are offshore and as soon as you give them your money, they keep it forever and that is ok cause you wanted someone to do illegal trading so you would have to go to someone who is a crook to start.
Then when USA finds out you lost $20,000 or whatever, they are going to think you are doing something against Homeland Security and funneling funds to foreign terrorists like ISIS. Be making small rocks out of big rocks and singing "Nobody knows the Trouble I have seen" just cause you couldn't wait and build up the account.
Seems like you're talking about stocks via the fact you mention the "pattern day trading rule".
If you find a stock broker that doesn't follow the law...you found a broker that will soon be out of business and its owners facing heavy fines and possible jail terms along with the fact you'll most likely never get your money back.
The only way you can bypass the pattern day trading rule via a small trading account...forex currencies or futures of CFDs. All of which will give you exposure to many markets around the world. Yet, I have a strong feeling you already knew such but just asked your question in a strange way.
Futures, Forex or CFDs ?
Easy answer via your small account size and the type of markets you want to trade.
Last edited:
I put in a request for an ACH fund transfer last Friday. Checked on how it was going on Mon. Suretrader said I needed to fill out the transfer info since they had changed software from when I had opened an account. OK that sounds legit. Filled out the form with identical info as I had on my initial application. Maybe thaey have computers and they could have transfered the info themselves. Today they sent me an email saying they can't do ACH transfers. Said they could only do SWIFT transfers. I informed Suretrader my credit union doesn't do SWIFT. Then Suretrader says, oh wait they can do ECH transfers after all, but only if they split it into amounts smaller than $1000. I'm sure ACH that deals with $trillions each day can't handle anything greater than $1000. Are the people at Suretrader waiting until they sign up a new customer so they can send me MY money? Outcome scenarios: 1.I am never going to see a penny of MY money. 2.If I am fortunate enough that the send me MY money, they will be charging me for the two pieces they break my tiny request into. If I do receive my money, it will be a minimum two weeks after my original request. Stay away from Suretrader. Shady as they come. Repeated lies about when I would receive my money. Double charging me if I actually do receive my money by breaking the request into two parts. Every other broker I have used, Tradescape, Web St., Freeetrade, Fidelity, Datek, TDA, IB, etc. sent me requested funds immediately. There wasn't any bullshit like you were dealing with somebody who was operating their brokerage out of a phone booth. I'm pissed.