need advice on broker + clearing firm + platform for daytrading stocks

C

CALLumbus

Hi all,

I want to expand my trading a bit and start to daytrade stocks, in addition to my futures trading.
I am pretty much a noob in regard to stock trading, so maybe you can help me with your input which broker and clearing firm and which software would be the best to choose.

I have narrowed my selection (for now) down to the following:
- Lightspeed, clearing through Wedbush, using Lightspeed Trader
- Interactive Brokers, using TWS or DAS platform (I read somewhere that IB also supports Sterling Trader now, can anyone confirm this ?)
- Cobra Trading (I think they offer Wedbush and IB for clearing)
- Centerpoint Securities (they offer Wedbush, Vision Financial, ETC and Hilltop for clearing)

In addition, I have read about "traderequity", they seem to be more like a remote prop firm, but they are on the Caymans and not really regulated. I could imagine opening a very small account with such a company, but I think I would not want to trade some serious money with them, even if their concept and offer sounds pretty nice.

So this is where I am right now, I hope you guys (and girls) can give me as much input on this as possible, thank you !! :)

Greetings,
CALLumbus
 
CALLumbus said:
Lightspeed, clearing through Wedbush, using Lightspeed Trader
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I would say Lightspeed Trader is a great choice for equity DT. I would also look at Realtick Express. On RT, you can access Equities and Futures but you will need two accounts.
https://www.lightspeed.com/trading-platforms/lightspeed-trader/platform-features/
https://www.lightspeed.com/trading-platforms/realtick-pro-and-express/realtick-platform-features/

For a demo of any of our software go to this link. Please say you heard about us from Elite TRader so I can help you. https://www.lightspeed.com/demo-request/
 
CALLumbus said:
Hi all,

I want to expand my trading a bit and start to daytrade stocks, in addition to my futures trading.
I am pretty much a noob in regard to stock trading, so maybe you can help me with your input which broker and clearing firm and which software would be the best to choose.

I have narrowed my selection (for now) down to the following:
- Lightspeed, clearing through Wedbush, using Lightspeed Trader
- Interactive Brokers, using TWS or DAS platform (I read somewhere that IB also supports Sterling Trader now, can anyone confirm this ?)
- Cobra Trading (I think they offer Wedbush and IB for clearing)
- Centerpoint Securities (they offer Wedbush, Vision Financial, ETC and Hilltop for clearing)

In addition, I have read about "traderequity", they seem to be more like a remote prop firm, but they are on the Caymans and not really regulated. I could imagine opening a very small account with such a company, but I think I would not want to trade some serious money with them, even if their concept and offer sounds pretty nice.

So this is where I am right now, I hope you guys (and girls) can give me as much input on this as possible, thank you !! :)

Greetings,
CALLumbus
More...
I would recommend Lightspeed and lightspeed trader if you want to trade professionally. Their software is world class and support is excellent. However if you don't have enough to put ( 25K for PDT account) then only consider traderequity . As you said with small account.
 
RaghuRomeo said:
I would recommend Lightspeed and lightspeed trader if you want to trade professionally. Their software is world class and support is excellent. However if you don't have enough to put ( 25K for PDT account) then only consider traderequity . As you said with small account.
More...

Thanks for your input RaghuRomeo.
The 25K is not the problem, I will need at least 200k-300k buying power anyways.
I read lots of good stuff about Lightspeed. What I dont like is that I can fund only in USD. I would much more prefer to fund in EUR, but most stock brokers dont offer this. I think Interactive Brokers is the only one on my list that allows funding in EUR and other currencies. But I am not sure if IB is really suitable for very fast scalping in stocks.
Thats why I am here, asking for input. Anyone have experience with daytrading stocks on IB's TWS ? Or maybe with DAS trader frontend ?
 
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