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ade1963
Posted : Monday, December 11, 2006 12:37:22 PM

Registered User
Joined: 8/26/2006
Posts: 20
I hope this question is allowed on the forum.

hi,

I am new to trading and would like to know if any users can recommend an online broker.
I want to trade US Stock and maybe move on to futures (in the future!)

I live in Spain most of the year but my official home and tax affairs are in the UK.
The broker would have to allow foreign clients.

I am quite impressed with the tradestaion website.
Does anyone else use this software/broker along with TC2007?

thanks in advance for all input.

Adrian
Bruce_L
Posted : Monday, December 11, 2006 12:41:03 PM


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Joined: 10/7/2004
Posts: 65,138
QUOTE (ade1963)
I hope this question is allowed on the forum.

Discussing this question is allowed. However, please refrain from linking to these online brokers in your responses when doing so as external links are not generally permitted in the forums.

-Bruce
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tobydad
Posted : Monday, December 11, 2006 2:11:24 PM

Registered User
Joined: 10/7/2004
Posts: 2,181
I think Tradestation is very good, in fact, impressive. I, however, don't see the point in the additional expense for software as I am so comfortable with TC2007.

I use InteractiveBrokers. You can Google for them. But you can find them at their name with a dot-com at the end.

I also like Cybertrader as they do not let the market see your stop orders.
fpetry
Posted : Monday, December 11, 2006 2:52:56 PM
Registered User
Joined: 12/2/2004
Posts: 1,775
After 1 1/2 years of using MB Trading, and making trades most every day with them, I still swear by them. Barron's latest online survey of online brokers rates them number one overall for software based platforms. Still fastest of all on speed, reliability, executions. $1 per trade per 100 shares up to 500, then .50 extra for ea. 100 over 500, i.e. $1/100 shares, $5/500 shares, $7.50/1000 shares. NO charge for phone orders, live rep every time, no recordings, never wait longer than one minute.

I also use TDAmeritrade for my longer term holdings and also as a backup for streamer feed, and like them too....$9.99 all trades.
ade1963
Posted : Monday, December 11, 2006 6:46:26 PM

Registered User
Joined: 8/26/2006
Posts: 20
Thank you both for those suggestions

does anybody else like these brokers or maybe have other ideas

thanks to all
diceman
Posted : Monday, December 11, 2006 7:05:36 PM
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Joined: 1/28/2005
Posts: 6,049
ade1963

This is from a post (3/10/06):

TASC magazine just came out with its 2006 readers choice awards.
STOCK BROKERAGES:

Interactive Brokers
TradeStation Securities
Ameritrade
Schwab
E Trade
OptionsXpress
Scottrade
Brown and Co.
Fidelity
TD Waterhouse

DIRECT-ACCESS STOCK BROKERS:

TradeStation
Interactive Brokers
CyboeTrader
Fidelity Active Trader Pro
MB Trading
Robbins Trading
Terra Nova Online


STANDALONE ANALYTICAL SOFTWARE, $500 AND LESS:

TeleChart 2005 !!!!


Hope that helps
Good Luck
diceman

allenbary
Posted : Monday, December 11, 2006 7:25:09 PM
Registered User
Joined: 10/26/2005
Posts: 238
I have been using MBtrading for almost a year, and I am happy with them . Scottrade I did not always get the fills I wanted . I use Ameritrade to no real problems with them ether. Tradestations platform fee can be costly for a new trader that may not trade alot. IB is not for and they do not want beginners , one of their reps. said. Good trading AB
ade1963
Posted : Wednesday, December 13, 2006 6:03:50 PM

Registered User
Joined: 8/26/2006
Posts: 20
thanks for all of these suggestions

I 'm having the same problem as when I go into Starbucks

too much choice!

I am tending towards either MB trading or tradestation

has anybody else had good/bad experiences with these or any other

thanks in advance

Adrian
zaq999ca
Posted : Wednesday, December 13, 2006 6:45:58 PM
Registered User
Joined: 8/12/2006
Posts: 83
ScotTrade - I also have faced the problems 2-3 times - Not getting filled. In one case, I had a placed a Market BUY order and I was filled around 20c more than the current ASK/BID prices.

Now I place only limit orders 1c more than ASKING price just to get filled sometimes.
Craig_S
Posted : Wednesday, December 13, 2006 6:56:09 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
If you use SnapSheets, there is an OptionsXpress Snap-in in beta right now that lets you trade directly in your account within SnapSheets.

- Craig
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