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Best stock brokerage firms for day-traders and active traders in 2010.
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ChoiceTrade offers Direct Access trading with $0.005 per share and lower and $1 minimum per trade. This means that
all orders of up to 200 shares will cost you just $1! Orders up to 500 shares will cost $2.50 or less.
ChoiceTrade is highly rated by all investor magazines and it got top score in our
stock broker ratings too.
You could open account with
ChoiceTrade
 with no money down in just a few minutes and try their virtual trading
and other services to see how you like it.
ChoiceTrade
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With only $2.95 stock commission and first up to 5 contracts for $5 in option commission, OptionsHouse is
one of the top choices for active traders and day traders.
100 FREE trades when you open a new account with OptionsHouse.
OptionsHouse
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tradeMONSTER charges $7.50 per stock trade for all order types and unlimited shares, and options commission
is $0.50 per contract, minimum $12.50 for single leg orders and $7.50/leg for multi-leg orders. tradeMONSTER account
is a great choice for orders with large number of shares. Barron’s
magazine rated tradeMONSTER a 4.5 star (out of 5) on their trading platform, usability, research and educational
resources, portfolio analysis and reporting tools.
tradeMONSTER™ will credit your account transfer fees up
to $250 charged by another securities broker when completing a full account transfer for $3,000 or more.
Offer applies to new accounts first time funding only. To receive credit e-mail them or fax (312) 419-1199 a copy of
your statement identifying the charge. Credit will be deposited to your account within 30 days of receipt of
evidence of charge. For IRA accounts, they will send you a separate check.
tradeMONSTER™
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With stock trade commission at only $0.005 per share and $1 minimum per trade for SMART routed orders and
options commission at $0.70 per contract plus exchange fees, Interactive Brokers sounds like a great choice
for day-traders and active traders. But be extremely careful with margin: they liquidate positions as soon as
your balance turns negative and they will tighten margin requirements as soon as things get rough (and when you
need that the least). It also gets expensive to trade orders of over 1,500 shares - you could open a second
account with one of the other brokers for that.
Interactive Brokers
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With 10 free trades a month (if you got at least $25,000 or make at least 25 trades a month) and
only $4.50 trade commission otherwise, no wonder Zecco is one of the fastest growing brokerage houses.
But Zecco research and trading tools are far from the best, so you might want to consider a second account
to get all that (tradeMONSTER is a good choice).
Zecco
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