Ok, so i want to start trading next year and I'm from the U.K so it rules out Etrade and Ameritrade. So its either sure trader or interactive brokers. Now I'm going to be 18 at the time of starting, so i can make an account at IB with 3k, but i do like the idea of not having a PDT rule or 2.50 rule. anybody have any insight?
Welcome man! good luck! if you plan on getting around or less than 1k shares most of the time, IB is cheaper at .005 per share, unlike Suretrader, even if you only want like 600 shares (with IB thats $3) and with suretrader, that trade might not be worth it after commsions. If you are worried about pdt you can also open a Robinhood account. On a cash account NO PDT. And no fees at all. Good luck!
Haha yea man, i thought i was grinding out good, breaking evem most times, until the fees came in haha @TechnicalTicker
@yawnabit I bet, I was going to start with SureTrader, but after I ran some numbers - commissions, fees, platform cost, withdrawal fees; it was not worth it (for me personally). Trading alone has enough emotions, so all these little things add emotion alone because you are kind of force to trade to make sure that having the account just active/open is worth the cost. So I decided to save a bit more and just go straight to Interactive Brokers.
Smart move, i got that apifany AFTER i put most my money in suretrader, i use their free platform tho, TOS/STT are what i use for charts. I just know IB will be my next broker when i get the chance, and yea exactly, adds a lot of emotion, especialy starting out.
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