Best Broker for Shorting Stocks
TD Ameritrade is one of the largest brokerage houses in the country. It is also one of best online brokers for shorting stocks: great
availability of shortable stocks, no requirements on price of stock to be shorted (though shorting of OTC BB or Pink Sheet type stocks is not allowed),
and no strange account margin calculations.
Read full TD Ameritrade Review.
Best Trading Platform for Shorting Stocks
As an investor, it’s extremely important to have the right trading tools available to receive information quickly and make informed decisions. We have been using TD Ameritrade’s
Trade Architect platform to assist with investing needs over the past several years and we must say that is has been a very good experience. The features that the software offers
are quite dynamic while still being easy to use even for a novice investor.
For starters, the Trade Architect platform is available to all TD Ameritrade brokerage customers simply for having an account with the firm. This is a noted benefit right
away, as some brokerages we’ve used have charged fees or had certain minimum criteria that customers needed to meet in order to access a more advanced trading platform. Once your account is open, all you need is to have Adobe Flash Player installed on your computer in order to run the system and you are ready to begin.
To get going, when you log into your TDA brokerage account, the link to the Trade Architect platform is easily found under the Trading Tools tab at the top of the page.
Once selected, this will launch a separate pop out window on your desktop that transforms into your very own virtual trading desk. From there you will have access to a
number of specific features including real time streaming quotes, order entry, and trading ideas just to name a few. The tabs at the top of the page clearly display the options available and are quite easy to navigate.
Read full Trade Architect review.
All TD Ameritrade Commissions and Fees
|Stocks and ETFs|| $9.99|
|Stocks and ETFs broker assisted|| $49.99|
|Stocks and ETFs interactive voice response (IVR) telephone system|| $34.99|
|Options|| $9.99 + $0.75 per contract|
|No-load mutual funds|| $49.99|
|Treasuries at auction|| $25|
|All other bonds and CMOs, CDs|| on a net yield basis|
|Futures|| $2.25 per contract (plus exchange & regulatory fees)|
|Forex|| Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.|
|Investments|| stocks, mutual funds, options, ETFs, bonds, CDs, UITs, futures, and forex|
|TD Ameritrade\TDA minimum deposit to open account|| $0 for cash account, $2,000 for margin account|
|Fees||TD Ameritrade fees|
- No surcharges on penny stocks, large orders, or after-hours trading
- Large and well known company with 126 local branches
- Two excellent trading platforms: ThinkOrSwim and Trade Architect
- Practice trading without risking your own money using paperMoney
- No-fee IRA accounts
- No account maintenance or inactivity fees
- Rich selection of independent, third-party research from 12 firms (Standard & Poor's, Morningstar, Jaywalk, TheStreet, etc.)
- Large number of mutual funds - over 13,000 available; 2,500 NTF (no-transaction fee) funds
- Free DRIP (dividend reinvestment plan)
This article was updated on 5/10/2014.