Where is the best broker to start trading?

by David Jenyns on February 19, 2012

Question by : Where is the best broker to start trading?
I know under the pattern day trading rule there is a requirement of $ 25,000 or more in a brokerage account to day trade. I plan on starting out with less than that amount then hopefully building up to start day trading. Where would be the best place to start?

Best answer:

Answer by Ron Corporon
You can look at the following website, they do classification of various online broker, according to fees structure, minimum….


Give your answer to this question below!

Alex J February 19, 2012 at 11:13 am

There are lots of brokers out there that you can start trading with. There are several things you should consider:

1. Who has the best spreads?

2. How easy is it to use their interface?

3. How trustworthy are they?

4. Do they offer a bonus for signing up?

Number one, two and three are all linked in a way. The most trustworthy brokers are the large ones, as this is such a competitive market they all offer pretty much identical spreads and have invested a lot in user friendly interfaces. So the best advice is to go for the large, well known and established brokers.

Therefore it comes down to a question of choosing whichever has the best deal. http://www.trading-deals.com has a load of deals on, and they are all from major and reliable companies, so this is probably the best place to start.

A nobody February 19, 2012 at 11:24 am

All major brokerage firms offer the clients the opportunity to use their on-line trading platforms. You have to decide what is best for you Just visit some of the more popular firms and then you can make your decision.

Most of the larger firms have better order routing systems and have order flow that warrants better execution capabilities or resources.

You DO NOT understand pattern trading, there is a $ 25,000 minimum EQUITY requirement at all times which is not the same as a balance of $ 25,000.

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