Suretrader for Daytrading?

Suretrader is a broker that I have been with for over a year. I signed up with them before most others did. This broker is based in the Bahamas.  Owned by the guy who owns Speedtrader.  They use the platform called Das Trader  www.dastrader.com  .

Suretrader Click here : https://www.suretrader.com/?a=113edb9e-694f-4c6d-a75f-c452b090c525
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The awesomeness of Suretrader

NO PDT rule  You do not need $25,000 to trade with them unlike the brokers in the U.S.  If you are like me and have a small account this broker is perfect for you. 

   Margin account $500     

All you guys who only have maybe 2,000  have no fear u can daytrade as much as u want any day with these guys.


The list of available stocks to short is AMAZING they did not have shorts like this until a few months ago.   Before they sometimes had shorts on penny stocks from OTC's to NASDAQ  .01-$3  but it had to be done via trading desk.  I believe that costed $50 to locate and short it.  Right now you can short penny stocks via the platform which is awesome. here take a look at what i mean (recent penny stock pumps that you could have shorted and made money off of Pic 1)
This is what the montage/charts/time sales looks like on the platform.   the recent weed penny stocks which were going nuts were shortable with suretrader on the platform.
You can see the  "S "  on the montage window.  when you see that it means its shortable.   

Best part about shorting INTRA-DAY shorting you are not restricted to the $2.50 rule that most brokers have.  ( the rule is only applied if u want to hold your short overnight)
  Example with $5,000 account:  MJNA is at .40 and you can short 12,500 shares 

with other brokers you can short only 2,000 shares cause of the 2.50 rule. If you wanted to short 12,500 shares with another broker you would need $31,250 cash in that account

(pic 1)

There is no level 2 in the picture cause i don't pay for it i have etrade for level 2. 


some other perks
MARGIN! :)  
(Please understand the risks of using margin. Not everyone is comfortable with it like i am.)

Margin for Overnight positions 2:1 and they charge interest. 
They offer  6:1 intra day margin for most stocks priced above $3. meaning (5k x 6 = 30k margin)

And it gets better they offer 50% margin on penny stocks and options.  

I have a $5,000 in the account.  I can purchase up to $7,500 worth of penny stocks or options.


Trades are $4.95 for 1,000 shares and .00495 per share after

But if u sign up with me its $4.95 for 10,000 shares .000495 per share after ;)

For options its 4.95 + $1 per con.   Thats not bad imo.  Etrade charges $10 + .75 per con 

this will get expensive if u try to buy 100,000 shares of a stock at .01 and try to scalp it for 10-20%
$50 to buy and 50 to sell =$100  

Note:  I do not trade stocks priced below .03 with suretrader  i have etrade for big share size orders

They do have platform fees and wire out fees which i get asked about often.
go on the site to look at the fees and see if you find it reasonable.

I believe thats all. I hope i didnt miss anything.  Thanks for reading

              IF YOU HAVE ANY QUESTIONS ASK IN THE COMMENT SECTION BELOW


Suretrader Click here : https://www.suretrader.com/?a=113edb9e-694f-4c6d-a75f-c452b090c525
Or click on the banner on the side or top of the blog