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Date/Time: Sat, 23 Nov 2024 15:41:36 +0000



Post From: Help with Recommended Clearing or Introductory broker for equity trader

[2024-04-12 11:26:26]
ThetaCompounder - Posts: 5
I’ve looked at your documentation (which is excellent) around Teton and brokers that support futures trading. Is there a list of recommended brokers for equity traders. Specifically, I like to scalp index ETFs because there are virtually no trade commissions. I read your disclaimers/discouragement on IBKR which give me pause. Are there brokers that you do recommend with strong API that offer commission free equity ETF trading? It’s clear that the roots of this platform are in futures trading and I will do some of that because of 1256 tax advantages. But one of my core strategies is trading IWM with bracket orders so I’d like a platform that supports both. I’ve been using Thinkorswim effectively until recently but Schwab backend migration greatly diminished their backet order functionality so I’m looking for a full function DOM trading solution.
In a prefect world I’d like a recommended broker that supports Teton for futures that also offers commission free equity trades. One that offers sever side protection for bracket orders so that my stops and limits are not dependent on an internet connection. If I’m barking up the wrong tree with Sierrra Chart that’s fine. I’d like to know that before investing more time in learning the platform. Thanks in advance.