Day Trade SPY : Trading Brokers
What to look for in a broker:
- Ease of use: it has to be user friendly, albeit take the time to learn its relevant features
- Routing: ensure your trades are routed directly to the market with no chance of trade desk interception
- Commissions: must be acceptable
- Accessible: staff should be available when you need them and be able to communicate effectively
We recommend TastyWorks®
Headed up by the original developers of Think or Swim® , Tastyworks staff are very supportive and responsive to clients’ needs.
Tastyworks was born in 2017 but its parent company, TastyTrade® dates back to 2011, helping investors learn how to manage their own money. Trades are delivered to the market with lightning speed, Hugh’s top priority in a broker. Commissions are only $1 to open, $0 to close*… and get this… commissions are capped at $10! (some restrictions apply… see below for details)**
You read that correctly. Your max commission is only $10**.
Click here to view TastyWorks’ pricing details. Trade small, trade often, trade TastyWorks!
Click Here to open an account with TastyWorks!
*Applicable exchange, clearing and regulatory fees still apply.
**Applicable exchange, clearing and regulatory fees still apply. Some index products and all futures products are excluded from this offer (visit tastyworks.com to view the pricing page for more details)
Tastyworks, Inc. (‘Tastyworks’) is a registered broker-dealer and member of FINRA, NFA, and SIPC. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Please read Characteristics and Risks of Standardized Options before investing in options.
Tastyworks, Inc. (“Tastyworks”) has entered into a Market Agreement with Day Trade SPY whereby Tastyworks pays compensation to Day Trade SPY to recommend Tastyworks’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Day Trade SPY by Tastyworks and/or any of its affiliated companies. Neither Tastyworks nor any of its affiliated companies is responsible for the privacy practices of Day Trade SPY or this website. Tastyworks does not warrant the accuracy or content of the products or services offered by Day Trade SPY or this website.
While we have no experience with the Virtual Brokers platform, we recommend them based on direct to market routing, accessibility and the best commissions seen in Canada. Cost to trade: $6.49/trade plus $ .75/contract. You need to be recommended by us to get the discounted rates… subscribers, ask us for the referral.