I would recommend Robinhood in which it free to trade when you buy and sell but the application process nearly took two weeks to be approve. When you sell your stock the funds are placed in unsettle funds for the next three business day. I won't recommend using Robinhood for day trading it more like a long term investment. And you must have a iPhone or iPad to used the app. It completely free no hidden fees or jack in the box
Try tradeking the commission fee is 5 dollars, for the margina account it require you to hav e 2000 in a cash account. When you sell a stock your borrowing money from them it like taking a loan for school. The 2000 dollars requirement it shows that you have plenty of money to buy back when you buy the stock
Hey David, growing your account will be very hard with only $600. I’d know because I started trading with $500, and you basically have to go all in. If you make 5% with $600 from a trade, you’ll make only 5 or 10 dollars because of commissions. Save up 1.5k more and study in the meantime. I switched to ETrade with 2k and this broker has great service and shares to short that cheaper brokers don’t have. Also, you need 2k to short sell anything. Good luck!
@dgb9716 every broker screws you a little bit. Right now it's your only option while you save the 2k for E-trade then the 10k for interactive brokers
I would recommend Robinhood in which it free to trade when you buy and sell but the application process nearly took two weeks to be approve. When you sell your stock the funds are placed in unsettle funds for the next three business day. I won't recommend using Robinhood for day trading it more like a long term investment. And you must have a iPhone or iPad to used the app. It completely free no hidden fees or jack in the box
Try tradeking the commission fee is 5 dollars, for the margina account it require you to hav e 2000 in a cash account. When you sell a stock your borrowing money from them it like taking a loan for school. The 2000 dollars requirement it shows that you have plenty of money to buy back when you buy the stock
Hey David, growing your account will be very hard with only $600. I’d know because I started trading with $500, and you basically have to go all in. If you make 5% with $600 from a trade, you’ll make only 5 or 10 dollars because of commissions. Save up 1.5k more and study in the meantime. I switched to ETrade with 2k and this broker has great service and shares to short that cheaper brokers don’t have. Also, you need 2k to short sell anything. Good luck!
Join now or log in to leave a comment