Good Profit & Loss tracking & Analysis round off the package. p.s. Also, TrustPilot UK and USA were reviewed, and any negative comments counted against the broker. Ally is not just a broker; they are a financial institution offering banking, credit cards, home loans, and auto finance and insurance. In terms of customer service, they offer the full package of telephone, chat & email contact, so no issues there. The only challenge is as a broker, are you have to pay for the software on behalf of your client or pass the cost onto the client directly by making the client pay. We develop high quality free & premium stock market training courses & have published multiple books. The icing on the cake though, is that you get to trade directly off the charts with TC2000. Banking, Credit Services & Home Loans combined with a great customer service score, means Ally could be a good choice for an All-in-One Service Provider. SpeedTrader does have integrated research possibilities, but they come at an extra cost like the DAS software. They have also had zero negative tweets or negative TrustPilot reviews in the last 12 months. Lightspeed requires 25K. This means if you find the review useful and purchase any of the services mentioned we will receive a small payment which goes towards funding the research and work we do. Save my name, email, and website in this browser for the next time I comment. TC2000 Brokerage: Recommended for Investors buying Stocks, Options & ETF’s directly from Charts using award-winning TC2000. Lightspeed is currently offering promotions for all Warrior Trading Students which make them a more cost effective solution. Read Our Privacy & Cookie Policy For example, type “forex” or “margin,” and you will get only the relevant rows to compare. How much money do I need to start trading? It does not match the offerings from TradingView or TC2000, but it is adequate for most investors. An Investor seeking low commissions, good execution on stocks, options, ETF’s, Futures, Bonds, Semi-Automated Portfolio Management & Banking & Credit Services with great customer satisfaction. Thanks to this community, it now feels like I've been given the keys to absolute freedom. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636, Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Web Trading Platform – Heatmap & Sector & Industries Tool. This cookie is installed by Google Universal Analytics to throttle the request rate to limit the collection of data on high traffic sites. Alternatively, they offer a per-share commission of $0.0045 per share, scaling up to $0.0010. Interactive Brokers has a truly outstanding trading platform based on Trader Workstation (TWS). The account minimum of $10,000 for normal trading and $100,000 for Foreign Exchange Trading will be a barrier to new investors. This cookie is installed by Google Analytics. In this section, we rate the brokers on their choice of trading platform. TC2000 Brokerage: Best for Market Scanning in the USA, Investors buying Stocks, Options & ETF’s directly from Charts using. Interactive Brokers caters to the more professional investor, or at least those with a minimum account balance of $10,000. We also thoroughly test and recommend the best investing research software, books, brokers and have partnerships with companies whose products we love. No product set would be complete without the ability to scan and screen for stocks based on the fundamental data. Ally Invest has all the core requirements of good customer service in place. Firstrade is great for traders & investors seeking FREE ZERO Commissions trading on Stocks & Options, plus an industry best 2,200+ Commission-Free ETF’s. Lightspeed Trader costs $100 per month, but if you generate $100 in commissions per month, it will be free. A perfect customer satisfaction score and a great suite of tools make Lightspeed a good choice. TC2000 has all the protection required in the U.S.A, they are fully registered in the FINRA Database and have SIPC insurance. Ally Financial has all the protection and oversight required in the U.S.A, they are fully registered in the FINRA Database and have SIPC insurance. We also use third-party cookies that help us analyze and understand how visitors use this website. SpeedTrader is one of the key brokers in the review, targeting specifically Day Traders with their services. SpeedTrader has all the protection required in the U.S.A, they are fully registered in the FINRA Database and have SIPC insurance. ★★ – 10 to 20 Complaints (1 year) The company prides itself on good customer service and has also inherited the strong customer service from TradeKing who it purchased in 2016 to extend it’s brokerage services. The key service offering is Direct Market Access (DMA), meaning you do not go through a 3rd party market maker for your trades, you deal directly on the market itself, which means better visibility of prices and tighter spreads. Full MorningStar access and 5-star customer satisfaction plus a full suite of IRA accounts, mean Firstrade is a great choice for brokerage services. In a research paper published in 2014 titled “Do Day Traders Rationally Learn About Their Ability?”, professors from the University of California studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found that only 9.81% of day trading volume was generated by predictably profitable traders and that these predictably profitable traders constitute less than 3% of all day traders on an average day. ETRADE Pro Charts . In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619. Day Trading is a high risk activity and can result in the loss of your entire investment. I'm looking for a broker that offers hot key functionality with an exceptional order fill rate and excellent execution time. Sterling Trading Tech is a software company that […]. It has a very complete set of services, enabling you to trade practically anything on any market. In this section, we rate the Lightspeed on their choice of trading platform. News – Is a real-time news service available for free or an additionally paid to upgrade, Research & Trade Ideas: Quality of the integrated and Zero Cost Research Sources, Thomson Reuters (in 10 languages), stock reports, news, fundamentals. Ross Cameron’s experience with trading is not typical, nor is the experience of students featured in testimonials. I really like the implementation here, simple and implementable. It is very customizable and also has a selection of widgets that you can embed into the dashboard. Top 3 Best Value Stock Screeners & Research Tools [2020], 4 Easy Steps to Build The Best Buffett Stock Screener, 6 Steps to Build Your Dividend Stock Screener & Strategy, Barry D. Moore - CFTe Certified Financial Technician - IFTA, The Brokers with the Best Trading Platform, 1. Add to the mix a 5-Star Customer Satisfaction Rating, and you might have something special. Webull Review 2020 | Better Than Robinhood? Ally also offers the full suite of vehicles such as Stocks, Options, Bonds, ETF’s, Forex, and even Commodity Futures. Ally Invest. Stock trading commissions weigh in at $4.95 per trade, and for larger volume traders, there are discounts available. The logical step for Worden Brothers was to expand into the Brokerage side of the business. The ability to then sort your list on the strongest score is excellent functionality. Stocks, Options, ETF’s, Mutual Funds, Bonds, Foreign Exchange and even futures and commodities. They also offer a very low “commissions per share” option as an alternative to a fixed cost per trade. Most importantly, Direct Access ECN Order Routing. Is the company well established, well funded, and well regulated? Your email address will not be published. your buying power, the TC2000 Brokerage could be ideal for you as they offer an incredibly low 3% to 4.2% margin costs. They audit all members regularly. It is free to download and use as a client. All of the contenders in the Top 10 Best Stock Broker Review have this, but the key is in the implementation, and from the rave customer feedback, SpeedTrader gets this right. These third-party services are quite valuable, and considering Firstrade offers very low commissions, they also add value through these services. SpeedTrader’s cost model means you will have to pay for the Active Web version $25 per month. If you do not agree with any term of provision of our Terms and Conditions you should not use our Site, Services, Content or Information.