What's the best broker to use for day trading and swing trading I Get this question all the time, Trust me. I Know it could be overwhelming with all the choices out there for Brokers especially if you're just starting out your day trading. Journey Or you may be in the process of finding the right broker that's best suited for your personal trading strategies. As a Trader who's been trading for over eight years now I've tried almost every broker Under the Sun free and paid and today I have the perfect list for you for those who are new to my channel.

my name is Shea AKA Humble Trader I share actionable trading strategies and videos for Traders of all levels. Unfortunately though, I do not drive a Lamborghini because I own something even more valuable my family is Corolla My trading video lessons are free for you to watch on YouTube but my bad jokes are not. so please make sure to smash the like button and now let's get started. So why is it so important that you're using the right broker platform for your trading style? A metaphor I would use to describe the relationship between a Trader and a broker is a captain in their ship.

Just as a captain relies on the ship to navigate, the Seas A Trader relies on their broker to effectively navigate through all the volatilities in the stock market. So how exactly do you find your ship today? I'll be teaching you how to determine your own trading style in the right broker and I'll be covering the best brokers for beginner. Traders With a small account day Traders and swing traders who are long biased traders who are short biased getting around the Pvt role and long-term investors. And finally, of course I'll be sharing with you my personal Brokers and why I Choose them.

Okay, so our first step is to get ready. Clear on the kind of Trader you are where you want to become. Not all the Brokers are created equal and not all the Brokers will be suited for your trading strategies. I Really wish someone had told me this before.

I Got married to my ex-husband Mike bagholder and here are just some of the questions I would like you to ask yourself right now: Have you ever traded before? How frequently do you place trades? Are you looking to get in and out of a stock more than once a day or 10 times a day? Well, do you want to be holding on to a stock position for a few days, weeks, or even months? When is your account capital and it's over twenty five thousand dollars? And very importantly, are you located in the United States Canada or other International countries And after answering these questions we just talked about, you're most likely fall under one of the four types of Traders here: a beginner day trader with a small account, a day trader, swing Trader or long-term investor. So first up are the Brokers for my day Traders and swing traders of all levels and styles that starts with the traders who are completely new to trading. Best Brokers for beginner Traders If you're a beginner, Trader I recommend you choose a broker that offers simulated trading or paper trading when I first started trading I Lost all my money relatively quickly and I basically just didn't bother with paper trading at all I Really don't wish that upon any of you to lose your hard-earned money. so if you're a beginner, Trader I Definitely recommend you to start with paper trading with my following recommendations.

First one: TD Think Will Swim Think with Swim is a very user-friendly platform for beginners to get started, especially with charting, building watch lists, free pre-market scanners, and Etc But I Really don't recommend using them for live trading. For those using TD Ameritrade in the US Europe and sometimes even Asia After you deposit 100, you can call them to turn on live market data which is essential to start paper trading and to learn about the markets. Yes, you must get live market data. you don't want to be that new.

Trader Who trades with a 15 minute delay on the market and trying to buy the stock at ten dollars when it had already started selling off from 10 to 8 dollars 15 minutes ago like I mentioned earlier TD Thinker Swim is available in some countries outside of North America as well. Make sure to check on the website. Unfortunately for my Canadian Traders TD think or Swim is no longer an option in Canada but I will have other recommendations for you later on. The second recommendation for paper trading is Weeble which is a free commission broker platform.

While I don't normally recommend zero dollar commission. Brokers For live trading on paper trading and practicing about the markets and scanning for stocks or even swing trading, it's totally fine. This is perfect for you if you're brand new just getting warmed up with a market with technical analysis, says, charting, and even scanning for stocks to trade. The user interface on Weibo is very beginner friendly.

I Personally use their mobile app just like this one to track all the stocks. I'm watching on the go and even doing some simple technical analysis as well. They also offer free live market data and free pre-market scanning on the desktop platform, so that's definitely a bonus. The desktop platform is available on both PC and Mac as well.

Another good choice for paper trading is interactive brokers available in both U.S Canada and pretty much all over the world. By the way, this was my personal training broker for paper trading and live trading when I first started Interactive Brokers and I we go Way Way Back many years ago before Mike backholder even showed up. If you want to paper trade on interactive brokers, you do need to purchase the data subscriptions in order to trade on a platform that includes things like equities and options quotes for Nasdaq NYSC exchanges and level 2.. the packages look like this and they'll add up to about twenty dollars a month, which is not bad at all.

So those are my recommendations for Just Paper Trading: I Still have accounts with all those Brokers even till this day. So once you become comfortable with paper trading and using the platforms now, you're ready to risk some real money with live trading. Now let's get into the Brokers I have chosen for you for going long and short as day. Traders We get in and out of a stock position more than once a day.

Some Traders even make more than 10 50 round trips a day. So if you are day trading, you want to make sure you have a good platform for charting and doing various technical analysis and indicators. But most importantly, you want to make sure you have a brokered platform that will provide you really fast executions whether you're going long or short. Let's start with the best trading brokers for going long on stocks.

A quick recap: Going long on a stock means you're buying and holding the stock with the expectation that's going to increase in value in a short period of time if you're day trading First, we have interactive brokers when I first started learning to day trade. I Personally started with only long strategies and that's how I built up my small account from two thousand dollars. Like I mentioned earlier, Interactive Brokers was the first one I ever used for payment trading and then later on live trading. and over eight years ago I was using Interactive Brokers very own platform Tws Trader workstation in it was a good way to get started, getting familiarized with all the buttons with all the orders and my practicing my own strategies.

However, once I leveled up and became profitable I switched to using Interactive Brokers and Dash Trader Pro Platform Instead This Broker and Platform combination would be the best choice for any Trader who is long biased the astronaut Pro is extremely fast with the order entries, routing options, and of course reading price, action, and level Two. So much better than Tws. Oh my! God Tws seems a little bit ancient I Would say that even now, eight years later, the platform almost looks exactly the same. but once again, Interactive Brokers Tws is fine to get started.

I'm just saying if you eventually want to level up, take more share sizes, and have faster executions, it's definitely worth investing into. Dashtruder Pro Okay, back to Interactive Brokers. At the first glance, Interactive Brokers is definitely a lot cheaper than most other Brokers out there. Basically, the cost for buying and selling Us listed stocks is 0.005 dollars per share with a minimum order of one dollar per trade.

So for the newer Traders with a small account, this is very affordable and their executions and fields are decent as well. As for the ability to short, interactive brokers generally has good locate for large cap stocks except for the small cap low float Runners They do not offer the function of locating how to borrow stocks. However, all their short locates that you using is free of extra charge except for margin interest. So Interactive Brokers is great for those who are in U.S Canada and most International countries as well.

I Personally use this broker for trading large cap stocks Going long or short, there are plenty of easy to borrow stocks and no additional costs. They are also getting better at getting short borrows on the small cap penny stocks slowly. Keep in mind for some Traders in Europe and Asia opening accounts means they are cleared through interactive brokers U.S In that case, you might still be subject to PDT Rule and we'll talk more about this later on. The second broker option for going long on stocks is Fidelity active Trader Pro I Have not personally used this broker myself, but I Heard from many traders that I trade with every day that they have great executions and also Fidelity is supposedly also commission free and that's amazing.

That's a really good bonus. Another thing to note from other Traders I've talked to is that Fidelity has really good customer service support lines. They pick up the phone with only a couple minutes of wait and this broker has really good short availability for the mainstream large cap stocks such as the Meta Tesla All the same stocks we mentioned earlier at no additional cost, but the cost of use infidelity active Trader Pro Well, is the platform kind of similar to interactive brokers? Once again, the reviews from the Traders I talked to is that the platform is generally really outdated and it's kind of clunky, so keep that in mind. Fidelity is available outside of the United States as well, so make sure to check out on the international websites.

The third option now for you is Tradestation for all of you Traders Interested in trading Automation and coding your own trading Bots and making it rain Lamborghinis You might be interested in tradestation. Trade Station is another direct routing broker that offers good executions for Traders. The short availability is on par with Fidelity and interactive Brokers where most General large cap stocks are available to shorts for free. But where tradestations start to stand out is with their level 2 and execution platform.

The platform has a really useful tool called The Matrix which is a more advanced but easy to follow level two. The Matrix offers Lightning Fast order entries and all kinds of orders like bracket orders, sell and buy, stop-loss order and just easier to read for a lot of Traders. As I mentioned earlier, tradestation platform also allows you to build your own automated trading strategies as well. So if you ever build a box that will make it rain Lamborghinis make sure to call me.

However, their fees are on the higher side in comparison to all the other Brokers we just talked about. but the direct routing executions and Fields makes it worth it. So those are my top three. Brokers for going long on stocks I Know we've gone through many Brokers so far and there's so many more to come.

but don't worry I'll list out all the Brokers and the discounts I have down below. Now let's move on to talk about the exciting topic of the best Brokers for shorting stocks. Here's a quick recap: Short selling stocks means you are borrowing shares of a stock you don't own to sell to someone else first with the intention of buying back those shares later at a lower price price in order to make a profit. Short selling stocks has become extremely popular during 2022.

Of course, with all the stocks spiking and selling off in a bear Market, it really doesn't take a genius to realize that short selling can be extremely profitable. There are two kinds of Brokers I Would recommend for short selling, but before we do so, if you are enjoying the video so far, please remember to like And subscribe if you haven't done so already. here are the two kinds of: Brokers I recommend for short selling Brokers for shorting easy to borrow stocks and those for shorting hard to borrow stocks As you guys should already know, when you're short selling a stock, you need to borrow shares from a broker in order to sell to someone else. You are betting on the stock going lower in price and eventually you will buy a lot cheaper and profit from the difference.

Easy to borrow stocks means the stocks in question are easy to find or easy to tomorrow from your broker. These stocks would be like your Teslas Apple AMD Nvidia Etc Basically, almost all the large cap stocks are easy to borrow and they are generally free to short. The best brokers for shorting easy to borrow stocks are you may have heard from earlier in the video interactive brokers Fidelity active, Trader Pro tradestation and even Weeble Yes. Believe it or not, you can borrow easy to borrow stock to shorts for free on Weeble which is a really good option for Traders us for shorty in the hard to borrow stocks.

Well, they are, as the name suggests, difficult to find. They're often the small cap low floats Runners that you see once a while like HKD a stock that went from single digits to thousands and some crazy meme stocks like the Gme, Bbby, and even AMC in 2021, these hard to borrow stocks would not be available at the Brokers we just talked about. To find shares to short on these kind of stocks, you'll need trading brokers that has their own in-house lending firm specializing in providing Traders How to borrow stocks to short and I have a few good options for you whether you have a big account or a small account. If you have bigger account Capital over twenty five thousand dollars then you should look into Center Point Securities Center Point has a really extensive list of how to borrow stocks to reserve for shorting, but they also have more than just that.

They offer amazing customer support service, direct access routing, extended hours trading, and connection with Dashtrader. Pro Like I mentioned earlier, the Astrider Pro is a platform that offers the best executions and fills whether you are learning or shorting stocks. Singapore Insecurities also has a promotion for new account opens offering clients free access to trade, idea, scanner, dilution tracker, and so much more. The entire Suite of tools are worth 3 500 available to Traders for free if you're interested.

I have a referral link down below for you to get 50 off on short locate and commissions for 16 days. This is a pretty sweet sweet steel. I personally use Center Point for shorting as well. They're currently available for Traders in the US and international clients with more than thirty thousand dollars and according to them, they'll be back in Canada this year.

So that would be a great news for the Canadian Traders The second option I have for you is Cobra trading. Cobra Trading is also a direct access broker that offers you the function of reserving Ultra borrow stocks to short cover. trading is available in the US for clients with an account over thirty thousand dollars and international client with account over fifty thousand dollars but sorry at the moment, they are not servicing Canadians They'll have other choices for you later on now. I'm sure many of you watching this don't have 25 000 to funding accounts yet or you simply are not ready to commit that much Capital into trading and that's totally fine.

Don't worry I got you! You are going to like our next broker recommendation just like how you like this video down below here is the best broker for shooting stocks with a small account. Okay, let's talk about the top choice for shorting if you have less than twenty five thousand dollars or if you are in Canada your best broker of choice to short hard to borrow stocks would be Trade Zero. Trade Zero has various branches, one in the United States serving Americans, one in Canada serving Canadians of course and one in Bahamas serving International clients. So they are not an offshore broker like what many Traders are suggesting.

They're regulated and insured in the US and Canada Trade Zero has some great functions for locating how to borrow stocks to short just like Cobra trading and Center Point and you can open an account with them for I think twenty five hundred dollars minimum. However, their locate fees are a little bit higher than the other choices we talked about in their platform which is zero. Pro could be a little bit unpredictable sometimes with the fills executions and especially during times of volatility. Nonetheless, Trade Zero is definitely a great option for short sellers who have a small account.

It's the only short selling option available for Canadians as well. And for those in the United States, you'll be opening accounts with Trade Zero America You'll still have the PDT rule restriction under twenty five thousand dollars, so keep that in mind. Now speaking of the PDT rule: I Know this is what a lot of Traders are saying right now. Oh my gosh, Hey I Don't even have twenty five thousand dollars I Cannot stay trade.

Don't worry. Here are some creative ways to get around the PDT rule. A quick refresher PDT rule stands for Patcher Day Trader rule. Basically, it limits how many times you can trade if your account is under 25 000.

Under the PDT rule, the day trader can only place three day trades in a consecutive five-day rolling period. Remember PDT rule only applies to Traders using U.S based Brokers on margin accounts. This applies to almost all the Brokers we just talked about. Interactive brokers.

Trade Zero America Trade Station Fidelity Etc Premium Brokers are Center Point, Securities or Cobra trading. They don't even accept clients under PDT rule. So if you are in the US and you want to avoid the PDT rule restriction, you have these two options over here. First, you can open a cash account pounds with any of the brokers.

who just mentioned earlier, only margin accounts are subject to PDT rule. If you're using a cash account, you can take as many day trades as you want, but you'll have to wait for the cash to settle and you cannot short sell stocks. Now your second option will allow you to continue shooting stocks and that is to have multiple margin accounts with various Brokers For example, if you have three merging accounts across three different Brokers you're gonna have a total of nine day trades per week. Obviously the PTT rule will only matter if you are day trading a lot, but if you are not a day trader rather a swing Trader then you don't have to worry about any of this.

Okay, so I know we just listed some Superstar Brokers for you to day trade with, but who would I be if I didn't give you some honorable mentions as well? Now let's talk about a few more popular Brokers that I know many Traders are using. First one is Trading View. Even though it's a platform not a broker, Trading View has not become my favorite charting platform surpassing think was slim I Really like its versatility across all the platforms. It's available on your phone's PC and MacBook and since it's based on a browser on the web, It's available to anyone around the world.

I Love the interface on trading. View And if you've seen my previous videos before, then you've seen me demoing on trading views so many times. Tradingview has a free version for you to sign up to try it out and if you want live market data, they cost about 15 dollars per month and once you're ready, you can connect your trading view platform with all this list of Brokers for live trading as well. Here's two more honorable mentions: E-Trade That's another one that a lot of Traders are using.

It's worth looking into if you're in the United States and also Charles Schwab Street Smart Edge This is a good one for those who are trading options exclusively, so that's my whole list for day. Traders Swing Traders with a small account and big accounts going long or short. If you want to take trading seriously as a business, after six months or a year, switching to a premium direct access broker is very much worth it. Remember, it takes money to make money in this business.

The platform speed your broker has, execution, fills the routing options, and the ability to short how to borrow stocks. These are all worth the extra couple of dollars of commissions and those are just the cost of doing business. They are generally tax write-offs as well. If you think their platforms or Brokers I missed, please make sure to comment down below and let me know.

I'll check them out. Best Brokers for Long-term Investing Now for my long-term investors, you're just looking to put your money into stocks and hold it for 5 10, 20 years basically till you're 60 just like my age. Basically, you don't need to care about PDT rule You don't need to care about fast executions. It just makes things a lot more simple.

Almost all the Brokers offer cash or registered accounts for investors in Us or Canada and here are just some of the Brokers I Recommend For my long-term investors watching this, the first one is Blossom Blossom is a social investing app just like this one which I'm personally using and invested into the app. You can now follow my entire stock market investing portfolio on Blossom So check them out former American investors. You have a lot of choices and here are some of my recommendations: Interactive Brokers TD Ameritrade Fidelity and even Robin Hood as former Canadian Brokers Watching this, the following: Brokers are good for investing in cash tfsa or RSP Interactive Brokers Quest Trade TD Waterhouse Direct Investing or RBC Investing Okay, so now the question we've all been waiting for out of this long and beautiful list of: Brokers Which ones do I personally use well I use many of them for many different reasons and here's a quick list for going long on stocks: I Use Interactive Brokers for going short I use Center Point Securities Cobra Trading and Trade Zero for following stocks on my phone I Use Weeble for investing long term I Use Blossom Quest Trade Interactive Brokers and TD Direct Investing After so many years of trading in the market, I Learned that there's no perfect broker that's gonna have everything you need all in one. I Listed at least a dozen pros and cons for each broker in the video.

Remember, choosing a broker is like dating. There's no one size fits all. You'll need to find the right Brokers Student for your needs and trading strategies. Here are some Pro tips I have for you when you're choosing a broker.

Number One: Don't follow the crowd. Be aware of the stage of trading that you're currently in. Don't choose a broker just because you see someone else using it. If you're loan biased, then there's no need to open an account that Brokers Specializing in short locates and vice versa.

And number two: understand your own trading style. Do your research and choose the right one just for you. There's definitely going to be a learning curve when you try out a new broker platform for the first time. so be patient with yourself Elf, give yourself time to familiarize with all the platform, all the buttons, and just like a Wise Millionaire once said, Lamborghinis are not built in one day.

I'm sure somebody did say that. I'll list out all the Brokers I mentioned today as well as all the discounts I have available in the description below. If you watch this video so far and found it helpful, please remember to drop a like And subscribe. If you have any questions regarding Brokers or platforms, feel free to leave them down below.

I'll do my best to enter them If you want to learn more about my trading strategies. there's a playlist for you down below as well. Thank you guys so much for watching As always I'm the humble Trader and I'll see you guys next time.