Online Broker with 6:1 Leverage and No Pattern Day Trading Rules for your account. Pattern Day Trader. FINRA rules define a “pattern day trader” as any customer who executes four or more “day trades” within five business days, provided that the number of day trades represents more than six percent of the customer’s total trades in the margin account for that same five business day period. This rule represents a minimum requirement, and some broker-dealers use a slightly broader definition in determining whether a customer qualifies as a “pattern day trader.” Under FINRA rules, customers who are deemed “pattern day traders” must have at least $25,000 in their accounts and can only trade in margin accounts.
SureTrader, a division of Swiss America Securities, Ltd., was founded in 2008 as a Bahamas-based broker/dealer regulated by the Securities Commission of the Bahamas. SureTrader is an Online Broker that allows you to Day Trade freely with 6:1 Leverage and No Pattern Day Trading Rules for your account. They have a 10,000 Symbol Short-List, which makes their one of the best Online Stock Broker for Day Trading Stocks & Options. SureTrader offers 3 Online Platforms for trading stocks. Free to all users is the SureTrader ActiveWeb. In addition, they offer SureTrader Desktop, a powerful, Level-2 Trading, Desktop Software package starting at $50/month. This gives your the best view of the market before placing your trades.
Why You Should Trade with SureTrader?
SureTrader provides online trading access to investors and active traders who need more than just an average online broker. With the mission to provide the highest level of service at the lowest cost:
Providing up to date and easy to use trading technology.
Prompt, friendly and knowledgeable trader support.
Security that protects your privacy and personal information.
Start Day Trading with only $500. Direct market access to NYSE, NASDAQ, AMEX, Option Pricing, and Pink Sheet.
With 6:1 Leverage and No Pattern Day Trading Rules for your account.
Simple Pricing with No Hidden Fees. Simple per-share pricing suited for your trading style.
Extended Hours: Pre & Post market trading allows investors to act quickly to news and events that occur when the regular market is closed.
Advantages of Trading with SureTrader
Making money in day trading depends on state-of-the-art, intuitive software. SureTrader provides a choice of software to give you every advantage in day trading. They system easily handles high frequency trades. Besides lightning-fast execution, SureTrader gives day traders access to powerful, sophisticated tools, including advanced order types, charting features and technical indicators. SureTrader clients have access to a 10,000 list of short symbols, the most available from any online brokerage. How do they supply such a huge number of short symbols? They clear through multiple clearing firms.
Leverage is the lifeblood of successful day trading, and SureTrader offers 6:1 leverage for intraday trading and 2:1 leverage for overnight trades. Their SureTrader Active Online Trading program promptly lets clients know whether or not a stock is shortable or if there are restrictions.
If you’re new to day trading, learn the ticks of the trade before executing any actual trades. They have $100K free demo allows you to work on a technique and strategy that best fits your day trading style. This demo gives you the advantages of day trading without incurring any losses before you’re ready to go “live.” Take they platform for a test drive with a free 100K demo. HERE.
SureTrader ActiveWeb, SureTrader Desktop and SureTrader Mobile.
SureTrader Desktop (SureTrader Pro) is a Level II, Direct Access software. This trading platform comes complete with fully integrated point-and-click trading. See any stock anywhere on your screen, click on it, and it’s loaded for execution. This is the preferred desktop software for day traders because of it’s advanced features.
Some traders might already be familiar with the SureTrader software. Because the SureTrader trading software is just a white label version of the proven and battle tested Das Trader (Das Trader Web, Das Trader Pro and Das Trader Mobile) software that was developed by DasTrader.com. Direct Access Software (DAS) is an industry leader in direct access trading technologies which offers to the brokerage and trading community end-to-end electronic trading solutions.
DAS is a Market Data Vendor and Service Bureau to NASDAQ, NYSE, Option Pricing, Pinksheets. DAS products and its infrastructure are unique because of the choice of routing and direct connectivity to the various exchanges and the ability to offer low latency trading capability that are all package at an affordable price. They are also one of the 1st company to launch a full streaming real-time level 2 market data and trading apps for the Apple’s iPhone, iTouch and iPad environment. iDASTrader is unique because it is the only direct access trading app currently available on the Apple app store with the same routing capability of their DAS Trader PRO window’s application.
Even though they are headquartered overseas, I still recommend checking out SureTrader as they offer some great tools and excellent commission rates. I know it seems a little sketchy that they are offshore, but they provide a service to traders who can’t fulfill the equity needs for the patter day trading rules in the states by allowing traders to day trade on margin with much less equity requirement. If you are interested in checking them, take they platform for a test drive with a free 100K demo. HERE. Your day trading success depends on more than your skill and research, although these are critical. Without a top online day trading platform, you simply can’t succeed. SureTrader offers numerous trading advantages over competitors, including fees as low as a penny per share ($4.95 minimum) and $0.50 per option contract. Another trading advantage – you can open a SureTrader cash or option account with just $500.