Brokerage Question...?

I've been wondering for quite a while to which investment group to switch. I have been using Schwab before 00/01, and have been dissappointed by their failure to keep up with the better competition. I was thinking Scottrade for sometime now, but after checking some forums, opinions are mixed. I've noticed everyone seemed to be dissappointed with Schwab, but for Scot, some people say they've had problems with the transaction not going through or being delayed. Whereas some say they've had good experiences. I haven't really checked Fidelity yet, but from concensus Etrade was good, until now I have my doubts now with their possibility of going bankrupt. I mostly would like to focus on day-trading on a quotidien basis and instead of premium, I'd rather prefer a discount broker. Any suggestions would be great with a bit of info as well for least margin interest rate and higher credit interest rate. I would definitely love some insight on Trader forums or dicussion group.

info on a broker with a direct access trading platform and level 2 information would be great. THX

Ameritrade is the best I have used them forever in combination with Yahoo Finance, you can't go wrong, use Bloomberg to stay on top of your Headine-Risk exposure. Ameritrade has screeners, Fundamental analysis, and technical analysis, as well as analyst columns and reports. $10 bucks a trade, you can't go wrong!

I day trade using Scottrade and have never had a transaction problem with either market or limit orders.

Scottrade has level two info free if your account is $25,000 I am not sure what the fees are below that

www.just2trade.com Rocks!!!!

Your right about E*Trade, they are in bad shape, sub prime issues aside they are under 2 different SEC investigations.

If your looking to self direct your trades, meaning you are not interested in advice from a broker Scottrade would be a good choice. I don鈥檛 know about others saying transactions not going through鈥?I would bet that is user error. In regard to trades being delayed, that can be due to a number of issues that may have little or noting to do with Scottrade. If your trading listed equities and that order goes to a traditional exchange it could be the trader holding the order to determine what the correct price should be or what part of that order he wants to keep and what part he wants to send to another exchange. I know this because I鈥檓 a former trader and I was most likely the one holding up your order鈥?HA!

Keep in mind that an individual trading equities are literally chum in the water for the sharks on wall street. Remember you are up against the best trading pros in the world. So spend wisely, don鈥檛 put any more money in a trading account then you are willing to loose.

People got this wild idea that trading was easy because of the late 1990鈥檚 and early 2000 when all you had to do was tune into CNBC and open an E*Trade account, buy something in the morning and sell it in the afternoon and POOF you are rich! Well back then that may have been the case but today in a volatile market or even worse a Bear market, your better off keeping your money in the bank.

If you consistently want to make money consider going with a broker like Merrill or Morgan Stanley, they are the pros and will make you money over time. They do charge a fee but if they are making you more money then you can make yourself then its worth it, and a lot less stressful.

That being said if you are disciplined and do your homework you can make money day trading its just one of the hardest things to do consistently that I can think of. Take a look at Trade Station, that鈥檚 the system I use, it is for serious traders... If you want to make some real money take a look at trading the S&P mini futures contract, it moves fast, it is very liquid and fun to trade. www.tradestation.com Good luck

I like TD Ameritrade.

you said
info on a broker with a direct access trading platform and level 2 information would be great. THX

if you just do online stock trades, try sogo invest its $3 a trade but if u make 15+ trade a month its $1 a trade and free live stock quotes. the reason i mentioned them is because of the platinium certified nasdaq trading platform
check source for more info