- TD Ameritrade (best customer support, best trading software)
- Etrade (long-lasting)
- Fidelity (great ETFs)
- Charles Schwab (one of the biggest)
- Suretrader (this broker has SHUT DOWN - CEO ran into issues with the SEC along with issues with the clearing broker)
- F1Trade (CFD broker) (Suretrader replacement) (6:1 leverage) (St. Vincent laws don’t require any licenses to run a broker)
- Interactive Brokers (used by many prop firms, best international customer service)
- Lightspeed Trading (quick order fills)
Pattern Day Trade (PDT) Rule: If you do not have a PDT account ($25,000USD minimum) then you cannot make more than 3 day trades in a rolling 5-trading-day period.
The main things to look out for when researching brokers:
- Be skeptical if a source lists all brokers you have never heard before
- Make sure the broker is registered with the proper authorities such as FINRA
- Make sure you fully understand the fee structure of the broker
- Look out for reliable customer service, quick order fills, good software that can run on your computer, and cheap fees/commissions
- Is the source you are researching on getting paid for their recommendations and, if so, are they still giving an unbiased review?