These third-party services are quite valuable, and considering Firstrade offers very low commissions, they also add value through these services. They offer Stock Trade commissions at $4.95, $2.- less than TD Ameritrade and Merrill Lynch, and their options trade fare even better at $2.95 + $0.65 per contract. At Ally Financial, Stock trading commissions weigh in at $4.95 per trade, and for larger volume traders, there are discounts available. What I also like is they throw into the mix free access to Zacks Research, Morningstar Research & Ratings, & Benzinga (although not the real-time Benzinga PRO version). The cookies store information anonymously and assign a randomly generated number to identify unique visitors. They are well known for being able to lend to […], Value For Investors Value For Active Traders Reliability Commissions & Fees Order Execution Platform & Tools 4.6 Summary Overall Sterling Trader is a great platform that links to some of my favorite brokers. Stocks, Options, ETF’s, Mutual Funds, Bonds, Foreign Exchange and even futures and commodities. Ally Invest. SpeedTrader is one of the key brokers in the review, targeting specifically Day Traders with their services. I would recommend Gold to start with as you get a more powerful alerts engine and unlock the huge power of the Technical & Fundamental Scanning and Filtering that TC2000 is famous for. It is free to download and use as a client. Not only that, but the options trading in TC2000 is also arguably the best in the industry. just till I get to 25K. So, what do day traders look for? TC2000 Brokerage is a relatively new offering from Worden Brothers Inc. With Lightspeed, you can choose a per trade commission, which starts at $4.50 per trade for under 250 trades per month. Brokers change services, terms, and commissions on a regular basis. Commissions are not the be-all and end-all, but low commissions do help to reduce slippage, especially if you are an active investor or trader. The data collected including the number visitors, the source where they have come from, and the pages viisted in an anonymous form. The users seem to be very happy with the overall services; specifically, Twitter, which is often used as a stage for complaints, has a lot of people actually recommending and complimenting Lightspeed on the platform, execution, and support. If you are looking for a full-service broker offering everything, including Bonds, Forex, or Commodity Futures, then it may be worth looking at Firstrade or others in our Top 10 Broker Review. Read Our Privacy & Cookie Policy TC2000 also offers fantastic Options trading and integration; you can scan and filter on hundreds of Options strategies and then execute and follow them directly from the charts. On August 23, 2018, Firstrade made the extremely bold move to move to complete Commission Free Trading. This product will cost $140 to $170 per month, but it does open up more advanced Options and Futures trading possibilities. We Compare Firstrade vs. Interactive Brokers vs. SpeedTrader vs. LightSpeed vs. TC2000 Brokerage vs. Another huge bonus is that IB manages to throw into the package Zacks and Morning Star research for free, including real-time news. And boy they did a good job. Studies and indicators are included. Necessary cookies are absolutely essential for the website to function properly. LightSpeed could improve its offerings of real-time streaming news and provide at least some access to research services. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. It is very customizable and also has a selection of widgets that you can embed into the dashboard. This is a huge selection, more than the total for all the other brokers reviewed in our Top 10 Brokers Review. Are there any that don’t? Becoming an experienced trader takes hard work, dedication and a significant amount of time. Not only are they a long-established company, it is also big. Lightspeed Trader costs $100 per month, but if you generate $100 in commissions per month, it will be free. Your results may differ materially from those expressed or utilized by Warrior Trading due to a number of factors. Add to this full MorningStar access, and 5-star customer satisfaction mean Firstrade is a great choice for brokerage services. Full MorningStar access and 5-star customer satisfaction plus a full suite of IRA accounts, mean Firstrade is a great choice for brokerage services. Firstrade has all the protection required in the U.S.A, they are fully registered in the FINRA Database and have SIPC insurance. I am a big fan of having the choice of rates, and Lightspeed’s rates are some of the best in the industry. I selected TC2000 as my tool of choice back in the year 2000 because it offered back then, simply the best implementation of fundamental scanning, filtering, and sorting available on the market. ★★ – 10 to 20 Complaints (1 year) Worden Brothers continue their winning ways, with very competitive pricing starting at only $10 per month for the Silver package. Use the Strategies button in the lower left of a chart to open option strategy tickets directly on the chart. You can purchase Mutual Funds for $0, and Bond purchases are on a Net Yield Basis. Read our Returns Policy, This site is provided to you for informational purposes only and should not be construed as an offer to buy or sell a particular security or a solicitation of offers to buy or sell a particular security. This cookie is set by the Stripe payment gateway. Save my name, email, and website in this browser for the next time I comment. TC2000 has an avid following; I know I am a member of the forum and long-term member. The users seem to be very happy with the overall services and actively promote it, just do a google search or view their twitter stream to see. Over 200 data points were collected during this review. 2009 is a company committed to honest and unbiased investing education to help you become a liberated, free thinking, independent investor. Even now, they are still a leader in this section. Ally Invest does not have the strongest suite of tools available in our Top 10 US Stock Brokers Review. There is an attempt to provide some blogging on market topics, but it is not really detailed and often enough. Web Trading Platform – Heatmap & Sector & Industries Tool. LightSpeed has a very well thought out portfolio of integrated trading platforms to suit their customers. I have heard that IB is a great broker but i have also heard that people hate them. The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. Ally Invest. I mention this because, ultimately, you will need to be making at least $25 to $104 per month in trading profit just to cover the cost of the software. Interactive Brokers, SpeedTrader, or Lightspeed? Ally is not just a broker; they are a financial institution offering banking, credit cards, home loans, and auto finance and insurance. Here you can find the table containing all the data in one place. This is an incredibly detailed review & analysis of the Best U.S. Stock Brokers. Also, take advantage of low margin rates. Available research data suggests that most day traders are NOT profitable. This particular fund is has a rating of 88 for a bullish strategy, but only a 35 rating for a bullish options strategy. If you trade options contract at scale, this can reduce to an incredible $0.20 for over 100,000 contracts. , and it is the single place to be able to trade any and every one of the vehicles on offer from IB. Round 1 – Trades & Commissions – Clear Winner, Round 2 – Trading Platform – Highly Recommended, Round 4 – Brokerage Regulation & Account Minimum, 2. But for this price you do get a serious upgrade: The Elite service is squarely aimed at Proprietary Trading Firms (Prop Firms) and offers more benefits in terms of real-time market scanners and more advanced “Market Studies”. After 3 years of trading as a student my portfolio has net more than $230k...For year 2019, in less than 6 months I’ve net more than 140k. For that $10,000, you get a broker with great customer satisfaction ratings and fast execution at competitive commission rates. In this section, we rate the brokers on their choice of trading platform. The only area in which they do not excel is in the research and news services included. And boy, they did a good job. Do Day Traders Rationally Learn About Their Ability?.