The Best Brokers for Traders
Interactive Brokers Cheap fees/commissions--$.005 per share--but requires $10k to open an account. Great for live trading practice using tiny position size (10 to 100 shares etc.) without risking a lot of capital. This is vital because the trader learning curve is steep and littered with drawdowns. Therefore, if you refuse to paper trade to learn, IB is a great choice for live trading to increase the amount of trading practice while keeping risk minimal/small. Great borrows for shorting stocks. Think or Swim by TD Ameritrade Pricey at $9.99 a trade. Paper trade feature great for practicing. Excellent charting program used by many pros. Easy to customize platform with plenty of YouTube how-to videos. OnDemand feature lets you simulate a trading day for any stock going back about 5 years. This feature is invaluable for developing traders. SpeedTrader Pro Excellent commissions--$.0025 per share--but requires $25k to open an account. Great for live tradi...