US Stock Brokers for Small Accounts?

[clylbw]

Hi,

I remember reading here that some US stock brokers allows clients with accounts less than the minimum requirement of $25,000 to trade more than 3 times in 5 days by taking them into the companies' trading umbrella. Can you please tell me the names of such brokers?

Basically I am looking for a broker to allow me to trade NASDAQ stocks more than 3 times in 5 days with tight spread and small commissions, and I cannot afford the $25,000 yet.

Please let me know. And I apologise if this has been asked; I seem to be unable to find that specific thread at the moment...

 

[Trader333]

I think it was Naz who first spoke of this and also FTSE Beater did as well so maybe if you contact them direct you will get an answer.


Paul

 

[clylbw]

Hi Paul,

Thanks for the information.

I have asked Naz and he also remembered reading it here at T2W; I will ask FTSE Beater for his opinion.

 

[Skimbleshanks]

How about this thread, which talks about a PDT loophole:
http://www.trade2win.co.uk/boards/showthread.php?s=&threadid=7747

 

[BBB]

Clylbw - you may want to consider forex or futures where there are no commie, uncapalist restrictions of any kind.

 

[clylbw]

Hi Skim,

Thanks indeed for the link.

Hi BBB,

I am indeed considering going into FX.

Currently I am using CFDs for stocks, and I am tired of their wild spreads and commissions. But I still wish to trade NASDAQ stocks as I am most experienced in this area. I wonder whether there is a way to overcome the $25K barrier and trade those stocks themselves instead of using CFDs.